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1. Two Hydrogen Technology execs sentenced to jail for manipulating the price of the HYDRO token, leading to securities fraud
-- This case marks the first time a federal jury found a cryptocurrency to be a security and manipulating its price as securities fraud
2. Abra and its CEO Bill Barhydt settle with 25 state financial regulators for operating without proper licenses
-- Agreeing to return up to $82.1M in crypto to US customers in those states
-- The settlement also includes ceasing certain crypto activities and Barhydt's restriction from participating in money transmitting businesses in the settling states for 5 years
3. Coinbase accuses SEC, FDIC of improperly blocking document requests
-- Taking legal action against the SEC and FDIC for failing to produce documents under open-records laws that would reveal regulators' views on cryptocurrencies
4. SEC sues ConsenSys over MetaMask Staking and Swaps (source)
-- Accusing the company of operating as an unregistered broker and selling securities without proper registration
5. The US Treasury releases rules requiring crypto brokers to report transactions starting in 2025
-- Regulations include reporting on stablecoins and high-value NFTs; the IRS set a $600 threshold for NFT proceeds and a $10,000 exemption for stablecoin sales reporting
-- Rules apply to trading platforms and hosted wallet services; non-custodial businesses will have separate rules later in the year
6. Louisiana amends its legislation to prohibit the use of CBDCs and enforce strict regulations on foreign-owned digital asset mining companies (effective Aug 2024)
7. South Korea's government approves the Enforcement Decree for the Act on the Protection of Virtual Asset Users (PVAU), which will take effect on July 19
-- The Financial Services Commission (FSC) will oversee the implementation of the PVAU, ensuring customer funds are segregated and invested in "risk-free" assets, with penalties for noncompliance including up to life imprisonment
-- The FSC will also establish a committee to develop policies for regulating virtual assets and designate credible financial institutions to manage customer deposits for virtual asset service providers
8. Crypto exchange Bitstamp is delisting Tether's EURT to align with Europe's MiCA regulations
1. Solana adds 'Blinks' and 'Actions' so users can trade crypto on their favorite social apps
-- Actions: APIs that return transactions on the Solana blockchain to be previewed, signed, and sent across a number of various contexts, including QR codes, buttons + widgets, and websites across the internet
-- Blinks: turn any Solana Action into a shareable, metadata-rich link
2. Matter Labs unveils a network of zk-chains to compete with Polygon's AggLayer
3. EigenLayer enhances EigenDA security to combat Sybil attacks
-- Implemented a whitelist security/identity verification feature based on IP addresses and ECDSA authentication
4. Tezos publishes roadmap (source)
5. Solana developers Light Protocol and Helius Labs have launched ZK Compression
-- Allows developers to store data on Solana's ledger space at a fraction of the usual cost, making it a more cost-effective solution for storing token accounts and PDA accounts
1. VanEck and 21Shares file for a Solana ETF in the US
2. A survey by Nomura: 54% of Japanese investment managers intend to invest in digital assets in the next 3 years
-- The preferred allocation to crypto was between 2%-5% of assets under management
-- The main driver for future investment was the development of new products like ETFs and staking offerings
3. President of Jump Trading Kanav Kariya has left the company amidst CFTC investigation
-- Kanav plans to stay engaged with portfolio companies and focus on personal endeavors while reflecting on his time at the firm
-- The scope of the CFTC investigation remains unclear but may involve allegations of market manipulation with Terra founder Do Kwon
4. Solana-focused accelerator Colosseum raises $60M to invest in early stage projects
-- Aims to support winners of Solana Hackathons and has already deployed $2.75M to 11 companies
5. State Street Global Advisors and Galaxy Asset Management are collaborating to create crypto products that will include investments in crypto companies and spot and futures-based ETFs
-- State Street filed an application with the SEC for the SSGA Active Trust fund, with Galaxy managing the day-to-day investments
6. Investcorp and Securitize join forces to tokenize funds within Investcorp's Strategic Capital Group
7. European Central Bank releases 1st CBDC progress update
-- Emphasizes privacy measures like pseudonymization and encryption, along with enabling offline transactions directly between parties
-- The report sets a timeline for finalizing the technical and regulatory framework by the end of 2024
8. S&P Global joins Singapore's Project Guardian tokenization trials
-- Focusing on fixed-income pilot projects and risk mitigation
9. Banque de France and the Hong Kong Monetary Authority have signed an MoU to explore interoperability between their CBDC infrastructures and enhance cross-border transaction settlement efficiency
1. Animoca Brands looks to relist on public markets in 2025, potentially in Hong Kong or Middle East
-- Delisted from the ASX in 2020 due to compliance concerns
2. DexScreener launches pump(.fun) competitor called Moonshot
-- Users can mint tokens/memecoins for 0.02 SOL and customize them
1. MailSuite report: Coinbase is the most impersonated crypto brand by scammers
-- 416 reported incidents in the past four years
2. Turkish crypto exchange BtcTurk experiences a cyberattack affecting hot wallets with suspicious Avalanche token transfers totaling $54M
1. Device registration system for DePINs (source)
-- Verifies device credentials on the blockchain and leverages zero-knowledge proofs to protect confidential device attributes from being disclosed
2. Computing optimal manipulations in cryptographic self-selection proof-of-stake protocols (source)
3. Attack vectors for DAOs (source)
4. A multi-party atomic swap protocol (source)
-- Problem statement: traditional atomic swap protocols, including those based on adaptor signatures, are vulnerable to malicious dropout attacks, which break atomicity and compromise the security of the transaction
-- Solution: the protocol leverages Schnorr-like signature verification and a universal adaptor secret to ensure atomicity and scalability across any number of participants and blockchains without the need for smart contracts or trusted 3rd parties
5. A framework to assess the security properties of rollups (source)
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