Issue #143

Regulation

1. SEC closes probe into Ethereum 2.0 and will not pursue enforcement action against Consensys

-- Means that the SEC will not bring charges alleging that sales of ETH are securities transactions

-- Consensys also seeking a declaration that offering user interface software like MetaMask Swaps and Staking does not violate securities laws

2. SEC's crypto enforcement chief David Hirsch steps down

-- Left his position after almost 9 years at the organization and did not disclose his next career move

3. Binance fined $2.2M by Indian regulators for AML non-compliance

-- Despite facing this setback, it is worth noting that Binance has already been approved to operate in the country

4. Civil securities lawsuit against Ripple CEO Brad Garlinghouse will proceed to trial in California

-- Focused on misleading statements made in a 2017 televised interview

-- The ruling contrasts with a previous decision in a parallel case in the Southern District of New York

5. Terraform Labs to shut down after $4.5B SEC settlement

6. Crypto trading platform Uphold delisting USDT and Dai, citing the need to comply with MiCA regulations

7. Nigeria introducing a compliance program called ARIP for VASPs

8. The CFTC is probing Jump Trading regarding its activities in the crypto space

Infrastructure

1. Vitalik Buterin endorses TiTok AI for onchain image storage

-- Check this out for more information on how TiTok compresses and encodes images

2. BNB Chain's Haber hard fork reduces gas fees by 90%

3. LayerZero continues experimenting with unorthodox airdrop policies

-- Airdrop recipients have to donate 10 cents worth of ether or stablecoin per token claimed

4. zkSync faces network load and RPC issues

5. Ronin blockchain is launching a zkEVM dedicated to gaming

6. RISC Zero launches zkVM 1.0

-- Performance stats can be found here

7. Polyhedra Network introduces D-Expander (source)

-- A zk proof system that operates on a linear prover time

Finance

1. Standard Chartered is gearing up to launch a spot trading desk for bitcoin and ether

2. Canadian asset manager 3iQ files prospectus to launch North America's 1st publicly traded Solana ETP

-- Coinbase Custody and Tetra Trust listed as custodians

3. Stablecoin issuers collectively hold over $120B in US Treasury notes currently, ranking them as the world's 18th largest holders of US debt

4. Fireblocks partners with Tres Finance to enable clients to generate one-click audits, tax reporting

5. McKinsey sees just $2T of tokenized RWAs by 2030 in base case

-- Previously, BCG estimated $16T of tokenized RWAs by 2030

6. Australia approves its first spot Bitcoin ETF, the VanEck Bitcoin ETF

-- Set to launch on June 20

7. Perp DEX dYdX introduces support for isolated margin, segregated collateral pools, and Raydium

Consumer

1. Tether debuts new stablecoin over-collateralized by tokenized gold

2. Coinbase International introduces pre-launch markets for trading perpetual futures contracts on tokens before their official launch

-- Features: a 2x leverage cap, $50,000 notional position limit, and an index price mechanism using a 4-hour EMA

-- Available to institutional investors and retail traders

3. Konami partners with Avalanche to launch Resella, a NFT marketplace

4. Aptos Labs and NBCUniversal collaborate to enhance fan experiences through web3 initiatives

-- Potential initiatives: blockchain-based loyalty programs and games tied to Universal films like "Renfield" and "The Exorcist: Believer", partnerships with blockchain payment systems at Universal Studios

5. Midas introduces mBASIS, a dollar-denominated ERC-20 token using a delta-neutral basis trading strategy to generate yield

Security

1. Kraken allegedly extorted by smart contract auditor CertiK over security vulnerability

-- CertiK's security researchers allegedly found a vulnerability, withdrew $3M, and demanded a bounty before returning the funds

-- CertiK claimed it withdrew the funds to test Kraken's security measures and denied initially requesting a bounty

-- Exploited funds have since been returned

2. Immunefi surpasses $100M in bug bounty payouts

-- With over 45,000 researchers, the platform has saved more than $25B in user funds across various protocols and facilitated the highest white hat hacker bounty of $10M

3. Crypto portfolio tracker CoinStats advises users to move funds from wallets created within the app following a security breach

-- The extent of affected users and funds remains unclear

Research

1. A comprehensive analysis of MEV (source)

2. A research on vulnerable smart contracts on Solana

-- Found vulnerabilities in only 0.2% of sampled smart contracts

-- Correlating the robustness of Solana smart contracts with the use of Anchor

3. Design of a denial-of-service attack targeting state storage (source)

4. An invariant detector (source)

5. Use of graph neural networks to detect price manipulation attacks (source)

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.