Issue #101

Regulation

1. SEC requests public comments on NASDAQ’s proposal to allow options trading on BlackRock’s spot Bitcoin ETF

-- Comment period will last for 21 days

2. Institutions file spot Ethereum ETF applications

-- Applicants include: BlackRock, Grayscale, VanEck, Fidelity, Hashed, and ARK 21Shares

3. Abra settles with Texas state regulators

-- US investors can now withdraw their assets from the platform

-- Settlement requires Abra to notify users with balances exceeding $10 and grants them a seven-day withdrawal period

-- Unclaimed assets will be converted to fiat currency and sent to users

4. Crypto custodian Taurus given regulatory approval in Switzerland to offer blockchain-based shares in unlisted companies to retail investors

Infrastructure

1. Uma rolls out Oval to capture 'oracle extractable value' (OEV) in DeFi protocols

-- OEV arises when protocols request price updates from an oracle, and Oval aims to help protocols retain and profit from this value by enabling them to participate in an auction system for accessing data from Chainlink oracles

-- Collaboration between Uma and Flashbots has resulted in the roll-out of Oval

2. Polygon to launch interoperability solution AggLayer in February

-- Aggregates zk proofs from all connected chains and ensures safety for near-instant [atomic] cross-chain transactions (source)

3. Polyhedra Network introduces Bitcoin messaging protocol powered by zkBridge (source)

4. Cosmos community rejects proposal to reduce inflation rate to zero

-- The proposal aimed to address inflationary pressures on the ATOM token but raised concerns about the impact on the Hub's security

5. Solana launches "token extensions," an upgrade to Solana's SPL token standard, allowing developers to implement rules around token ownership and usage

-- This upgrade enhances compliance controls for businesses issuing tokens on Solana, enabling features like whitelisting, automatic transfer fees, and confidentiality on transfers

6. Space and Time introduces open source GPU acceleration framework Blitzar

-- Generating zero knowledge proofs for SQL operations with a 3.2 second proving time against a million-row table on a single GPU (source)

Finance

1. Financial institutions in Hong Kong begin preparation to file applications for a spot Bitcoin ETF

2. Terraform Labs files for Chapter 11 bankruptcy

-- The bankruptcy filing will allow the company to address ongoing legal affairs, including a fraud lawsuit by the SEC and pending litigation in Singapore

3. Bank of International Settlements launching a new blockchain-based tokenization project called Project Promissa in 2024

-- Aimed at simplifying the management and transparency of digital tokenized promissory notes

4. Synthetix launches V3 of its perpetuals contracts protocol on Base

5. Kraken hires Gilles BianRosa as Chief Operating Officer and Chief Product Officer and Marcus Hughes as Global Head of Regulatory Strategy

Consumer

1. Bitcoin-based NFT 'Genesis Cat' sells for $254K in Sotheby's auction

2. Telefonicá partners with Helium to roll out mobile hotspots in Mexico Cit and Oaxaca

-- Goal is to improve mobile coverage by allowing Telefónica customers to tap into Helium's mobile hotspots through data sharing

3. Warner Music selects Muus Collective and MITH for its accelerator program with Polygon

-- Muus Collective is a digital fashion-centric gaming studio that is developing games with collectible NFTs

-- MITH is a fan engagement platform with undisclosed ties to web3

Security

1. Blockchain gaming project Gamee confirms exploit of $15M

-- Experienced unauthorized access to its Gamee token contracts on Polygon

-- No community-owned assets were compromised and plans to support affected users

Research

1. Porting classical zero-knowledge proofs to the domain of quantum cryptography (source)

2. zkLogin (source)

-- A signature scheme that allows the signer to use their existing OpenID accounts (e.g. Google, Facebook, etc.) to authenticate his/her identity in a privacy-preserving manner

3. Guided fuzzing of smart contracts with LLMs (source)

-- Employs LLMs to direct fuzzers towards high value code regions and input sequences more likely to trigger
vulnerabilities

-- Generated exploits for known vulnerabilities in 82 projects within 106 seconds on average

4. A risk management framework for stablecoin protocols (source)

-- Metrics in the framework: capitalization and coverage liquidity ratio

5. Designing redistribution mechanisms for reducing transaction fees on blockchains (source)

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