A "watershed moment" has occurred in the crypto industry. What happened in the past 12 hours?

The crypto industry has received another big boost, this time in terms of crypto regulation. On May 23, the U.S. House of Representatives voted on the 21st Century Financial Innovation and Technology Act (FIT21), which was passed with 279 votes in favor and 136 votes against. The passage of this bill is of great significance to the crypto industry, and is even an important "watershed."

Next, let’s take a look at some of the overnight news that are worth paying attention to.

1. The US Congress passed the FIT21 bill, and the crypto industry cheered

Concept coin: US election coin, $TRUMP (+23.1%)

FIT21 is an important crypto bill that is expected to completely reverse the previous unfavorable regulatory environment for the crypto industry. This is a milestone in the development of the crypto industry. The bill was passed by the U.S. House of Representatives with an absolute advantage of 279 votes in favor and 136 votes against. Although the U.S. SEC and the White House opposed the FIT21 cryptocurrency bill before the vote, U.S. President Joe Biden said that if the FIT21 cryptocurrency bill is passed, he will not veto the bill. This means that it is basically certain that FIT21 will be implemented.

Related reading: " a16z: Detailed explanation of the FIT21 bill, what is its impact on the crypto industry? "

" A big step for crypto legislation! The US House of Representatives passed the FIT21 bill. Will the SEC "step aside"? "

2. Taiko officially announced the launch of the TKO airdrop qualification inquiry page

Concept currency: TKO (not yet launched)

Taiko, the Ethereum L2 network based on zkRollup, officially announced the launch of the first phase of TKO airdrop on the X platform early this morning and launched the airdrop qualification query page.

It is reported that in the first phase, 5% of the initial token supply will be provided, with a total of 1 billion tokens. Users have 7 days to check their qualifications. After the check, the collection window will be opened and eligible users will have one month to collect TKO.

Airdrop query address: https://claim.taiko.xyz/

3. Latest progress of Ethereum spot ETF

Concept currency: Ethereum ecosystem (ETH, L2s, etc.)

Analysts: Optimistic speculation will receive news on whether the SEC will approve the spot Ethereum ETF in the early hours of Friday

Bloomberg ETF analyst Eric Balchunas wrote on the X platform: “My most optimistic guess is that we will hear from the U.S. SEC (regarding whether to approve the spot Ethereum ETF application) around 4 p.m. EST tomorrow (4 a.m. Friday Beijing time).”

Insider: US SEC staff talked with the issuer of the spot Ethereum ETF and concluded that there is still some work to be done

Fox reporter Eleanor Terrett posted on the X platform that there are reports that SEC staff and spot Ethereum ETF issuers have had conversations about S-1 documents, and the conclusion reached so far is that there is still "some work to be done" on these issues.

Fox Business reporter: Gensler spoke with the White House last week, and congressional politics are unfolding around ETF approval

Fox Business reporter Eleanor Terrett said in Space that Gensler had a conversation with the White House last week, and congressional politics are unfolding around ETF approval. When it comes to pressure on Gensler, (they) need to consider more facts, laws and court rulings, but I think they really can't say no.

Bloomberg analyst: Ethereum spot ETF approval still needs to be discussed, but the SEC's attitude change is shocking

Bloomberg ETF analyst Eric Balchunas told Space that in the case of the Bitcoin spot ETF, the SEC contacted the applicant more than 90 days before the deadline, so when the date approached, if there was no response, the probability of approval would naturally decrease.

Grayscale Files Amended 19b-4 Filing

ETF analyst James Seyffart said on the social platform X that Grayscale has submitted a revised 19b-4 filing for its Ethereum Mini Trust.

4. Consensys plans to go public through blockchain and is seeking acquisition opportunities

Consensys CEO Joe Lubin said the company hopes to use crypto-native methods to attract public investment and is looking for acquisition opportunities. He said Consensys may spin off MetaMask or other divisions, such as toolkit developers Infura or Linea.

5. zkSync issued a statement suggesting that it may not conduct witch report review

In contrast to LayerZero’s “anti-witch” campaign, which caused dissatisfaction in the community, zkSync does not seem to plan to do so. zkSync posted a message on the X platform suggesting that it may not conduct a review of witch reports, and said that censorship is a killer of freedom and will also bring complete destruction to the project. According to previous news, zkSync may plan to conduct a TGE this week, with a total supply of 21 billion tokens. The screenshot of the internal message shows that the zkSync token airdrop is expected to occur around June 13.

6. MetaMask wallet plans to integrate the native Bitcoin network

As the most popular web3 wallet, Metamask has not supported native Bitcoin functions, but now this situation may change. According to people familiar with the matter, MetaMask, an Ethereum wallet under Consensys with more than 30 million monthly active users, is working to integrate native Bitcoin. They said that this function may be implemented within the next month, while another person familiar with the matter said that the function has not yet been determined, but it may be limited at first and gradually expanded over time.

Popular currency information: