News report:
00:00-07:30
Keywords: Open Dollar: US dollar stablecoin accounts for 90% of cryptocurrency transactions, 70 times that of similar stablecoins in the European Union. Taiko Mainnet goes live for a month with a TVL of nearly $140 million and nearly 700,000 independent wallets. An address on Magic Eden buys 4 million DOG coins. Over 400,000 addresses participate in the BLAST airdrop. Coinbase software engineer: If the Democratic Party wants enough votes, they must quickly change their attitude towards cryptocurrency. Nigerian analyst: A unified set of regulations will provide much-needed clarity for potential cryptocurrency investors.
1. According to a dYdX Foundation announcement, the dYdX community has voted in favor of adding TLOS to the dYdX Chain.
2. Cyvers Alerts reports that phishing transactions involving the address “pengfei” have been detected. “pengfei” has approved a malicious contract created by the phishers, resulting in a loss of $609,000 worth of cryptocurrencies. Please revoke all approvals for this contract.
3. Taiko Labs releases statistics showing that since the launch of the mainnet, Taiko has a total locked value (TVL) of $138.7 million. The average daily transactions per second is 19.53, with a peak of 45.3. The total number of transactions exceeds 21.57 million, and there are nearly 700,000 independent wallets. In terms of gaming and DeFi applications, Taiko has integrated over 80 projects, including LayerZero, Stargate, and Oku Trade. The Trailblazers loyalty program launched by Taiko has attracted nearly 600,000 participants and minted over 220,000 badges.
4. Open Dollar announces on social media that by 2024, US dollar-backed stablecoins will account for 90% of cryptocurrency transactions, averaging $270 billion per week, which is 70 times that of similar stablecoins in the European Union. Euro-backed stablecoins currently reach a historical high but only account for 1.1% of trading volume.
5. Leonidas, the developer of Ordinals and founder of Runestone, reposts a message from user “X” stating that someone has just bought 4 million DOG coins on Magic Eden.
6. According to Dune data, 13,285,307,817.71 BLAST tokens from the airdrop have been claimed, accounting for 94.9% of the total airdrop supply (17 billion tokens). A total of 449,647 addresses have participated in the claim.
7. According to an official announcement, Upbit servers have completed maintenance and will resume trading for the Korean won, BTC, and USDT markets. Trading will gradually resume starting at 05:15 on July 1, 2024 (Beijing time). If any instability is detected during the recovery process, the resumption time may be extended.
8. The employees of the Paraguayan National Electricity Administration (ANDE) have been accused of directly participating in the establishment of illegal Bitcoin mining facilities in Paraguay. Seven engineers employed by ANDE are involved in organizing the illegal connections to supply electricity for Bitcoin operations in Paraguay. Felix Sosa, the director of ANDE, clarified that the organization’s internal audit department is conducting an investigation into the matter. All relevant information will be submitted to the national prosecutor’s office for further investigation. However, Sosa stated that ANDE’s employees are no longer responsible for electrical connections and have outsourced this function to third-party contractors. Since December, ANDE has been fighting against illegal Bitcoin mining connections and has disconnected over 70 farms that were directly extracting unmeasured electricity from the grid.
9. yuga.eth, a senior software engineer at Coinbase, states on social media that as the Democratic Party falls into chaos, we are approaching the moment of maximum political influence for cryptocurrencies in the United States. The Democrats have been misled by figures like Elizabeth Warren and launched an unpopular and ineffective war against cryptocurrencies, which will cost them thousands of votes in critical swing states. If the Democratic Party truly wants enough votes to avoid a devastating defeat in November, they must quickly and completely change their attitude towards cryptocurrencies. They should immediately cease their enforcement regulatory strategy, improve and pass FIT 21 in a bipartisan manner, and repeal SAB 121. Instead, pro-cryptocurrency PACs should take advantage of this opportunity to pressure Democratic political leaders and policymakers to promote financial innovation in the United States.
10. The cryptocurrency community in Nigeria appreciates the newly introduced Markets in Crypto-assets Regulation (MiCA) in Europe, especially its regulations regarding stablecoins. They believe these regulations are beneficial and emphasize the importance of aligning cryptocurrency projects with local interests to protect national currencies. In a recent discussion, Obinna Uzoije, a data and policy analyst from Nigeria, discussed the potential lessons that the Economic Community of West African States (ECOWAS) can learn from European MiCA. Uzoije states that stablecoins are currently the most widely used form of cryptocurrency, especially in Africa, where the trading volume of stablecoins surpasses any other form of digital asset. A unified set of regulations will provide much-needed clarity for potential cryptocurrency investors, simplifying the investment process across different countries by eliminating the need to understand various national regulations. This clarity can reduce regulatory uncertainty and make the ECOWAS region more attractive to investors, as regulatory uncertainty is a major global barrier to cryptocurrency investments.
