Trump raised $331 million in the second quarter, surpassing Biden
Donald Trump raised $331 million in the second quarter, giving him more cash on hand than incumbent President Joe Biden, according to the financial community, a development that could heighten anxiety among Democrats about the incumbent's reelection campaign. The amount raised by Trump and the Republican National Committee surpassed the $264 million raised by Biden and the Democratic National Committee in the second quarter. The Trump campaign said it now has nearly $285 million in cash on hand, compared to the $240 million reported by Biden, a stunning reversal after Biden's fundraising numbers crushed his opponent for months.
Fed Chairman Powell: Inflation may return to 2% by the end of next year or the year after
According to Jinshi Data, Fed Chairman Powell said that inflation may return to 2% by the end of next year or the year after. He pointed out that the Fed's policy is still restrictive and appropriate. Powell also mentioned that some service industry inflation is catch-up inflation, the labor market is cooling, and wage growth is still above the final equilibrium level, but is falling back to a more sustainable level. It is usually more difficult to reduce inflation in the service industry. Powell emphasized that the balance of the labor market is moving in a better direction.
Ethereum founder Vitalik Buterin said on Twitter that prediction markets and community notes are becoming the two flagship social cognitive technologies of the 2020s. These technologies are both truth-seeking and democratic, based on open public participation rather than pre-selected elites. Buterin said he hopes to see more similar innovations in the future.
Ethereum Foundation emails hacked and phishing links sent, no victims lost funds
According to the latest official blog post of the Ethereum Foundation, its email account was hacked and phishing emails were sent to 35,794 people. The email falsely claimed that the Foundation was working with LidoDAO to provide 6.8% Ethereum staking income. If the user clicked the link in the email and approved the transaction, his wallet would be emptied. The Foundation quickly blocked the sending of malicious emails, closed the attack path, and ensured that hackers could not access emails. The investigation showed that hackers obtained 81 new email addresses in this attack, but no victims lost funds.
Worldcoin hires former Google, X, and Apple execs to bolster privacy and security
According to CoinDesk, Worldcoin developer Tools for Humanity has hired four former executives to strengthen privacy, security and identity management. Former X (Twitter) executive Damien Kieran was appointed Chief Privacy Officer, former Google executives Adrian Ludwig and Ajay Patel served as Chief Information Security Officer and World ID Head, respectively, and former Apple executive Rich Heley served as Chief Device Officer, responsible for managing Worldcoin's retinal scanning device.
Kraken is considering using nuclear energy to power its data centers
According to CoinDesk, the crypto exchage Kraken is considering using nuclear energy to power its data centers. Kraken CTO Vishnu Patankar said in an interview that with the rise of decentralized finance (DeFi) and the increase in demand for services, the company is looking to work with energy suppliers that can provide small modular reactors (SMRs) to ensure a stable energy supply. Kraken is exploring nuclear energy options in North America and Europe to cope with the huge growth in electricity demand from artificial intelligence (AI) and high-performance computing (HPC) companies. Patankar pointed out that nuclear energy can provide Kraken with a stable energy supply that is not restricted by space and weather, thereby supporting its 24/7 operation and global trading volume growth. Although Kraken has not made a final decision, nuclear energy is seen as a more reliable option than wind and solar energy, as the latter rely on weather conditions and face challenges in energy storage.
SynFutures has launched Base and received support from projects such as LIDO, DEGEN, and ISKRA
Users can currently trade perpetual contracts for assets such as DEGEN, wstETH, CHOMP, ISK, BOOMER, weETH, wrsETH, etc. through SynFutures on the Base network, and enjoy a transaction fee rate of 0.02% (mainstream currency pairs). Combining the Base ecological culture and its own permissionless listing system, SynFutures simultaneously launched Meme Perp Summer to support the development of Meme projects in the Base ecosystem and provide users with more trading opportunities and mining opportunities. According to Defillma data, the total number of SynFutures users currently exceeds 155,000, the total number of transactions exceeds 4.6 million, and the total transaction volume exceeds 107 billion US dollars. It is one of the derivatives markets with the largest transaction volume, the most frequent transaction activities, and the most active users in the entire network. SynFutures previously announced that it had received US$38 million in financing from top industry institutions such as Pantera, Polychain, Dragonfly, and Standard Crypto, and the agreement has passed the Quantstamp audit. Its Oyster AMM supports centralized liquidity similar to UniSwap V3, while also supporting limit order market making; it allows anyone to use any token as collateral at any time, and the entire listing process can be completed within 30 seconds.
Robinhood considering listing cryptocurrency futures in the U.S. and Europe
Robinhood Markets Inc. is considering offering cryptocurrency futures in the United States and Europe in the coming months, according to Bloomberg. Once its $200 million acquisition of Bitstamp Ltd. is completed next year, Robinhood hopes to use Bitstamp's license to offer perpetual futures on Bitcoin and other tokens in Europe, people familiar with the matter said. In addition, Robinhood also plans to launch CME-based Bitcoin and Ethereum futures in the United States. Despite this, a Robinhood spokesperson said there are no immediate plans to launch these products, and relevant negotiations are still ongoing, and the final plan may change. In June of this year, Robinhood agreed to acquire Bitstamp, and the transaction is expected to be completed in the first half of 2025. Previously, Robinhood also obtained a futures brokerage license from Marex, allowing it to provide futures trading services in the United States.
According to official news, ZetaChain, a Layer 1 blockchain operator focused on interoperability, announced the launch of a universal loyalty and rewards layer driven by XP, which will support the first batch of XP airdrop allocations. Application submissions for the first round of XP airdrops ended at 00:00 UTC on July 1, marking the start of the first distribution of rewards for applications. Many projects have publicly shared their RFPs to collect feedback. The User Growth Pool (UGP) Committee actively participates to ensure that XP snapshot users receive fair and secure rewards. Users can view approved RFPs in the new "Explore Rewards" section of ZetaHub. New updates to the RFP program based on continuous feedback: 1. @tokentable will be used for all ZETA asset claims to increase transparency. 2. Applications must publicly publish their allocation model before the reward begins to solicit feedback and discussion. 3. Now that submissions are over, applications must work hard to determine the final rewards for distribution, follow all necessary guidelines, and respond to feedback. In addition, ZetaHub launched XP Status and Rewards. This universal loyalty system brings some new updates: 1. XP Status: An indicator that helps applications allocate privileges and rewards to real and valuable users. Status levels include silver, rose gold, black, and green. 2. XP active continuous record: Active status can be achieved by reaching the minimum active threshold of XP each week. 3. XP activity update: The activities and features section now brings a free market that contains a variety of applications and activities on ZetaChain, while updating the point allocation and requirements. Blast announced the details of the second phase of the reward plan, distributing a total of 10 billion BLAST
Blast officially announced the details of the second phase reward plan. 50% of the Phase 2 rewards (5 billion BLAST) are allocated to Blast points holders. Users can earn Blast points based on their ETH, WETH, USDB, and BLAST (pending BLIP-2 Progress Committee vote) balances. EOA and smart contracts earn points at a rate of 0.06504987 points/block/ETH (each block is 2 seconds). USDB and BLAST earn points at the same rate as ETH based on their price denominated in ETH. For example, if ETH is $3,500, USDB will earn points at a rate of 0.06504987 points/block/3,500 USDB.
50% of the Phase 2 rewards (5 billion BLAST) are distributed to Blast Gold holders. There will be a Gold distribution in the first week of each month (this month will be distributed on July 8th), with separate distributions for new and existing Dapps, who can receive Gold based on their traction on the Blast mainnet and future Big Bang competitions.
According to DL News, the bug bounty platform OpenBounty has been criticized by fellow security researchers after users discovered that the vulnerability reports they submitted were posted on a public blockchain. When OpenBounty receives reports, it automatically posts the contents of those reports as transactions on Shentu, a blockchain run by OpenBounty's parent company, the Shentu Foundation. The details disclosed include the threat level of the vulnerability, the location of the potentially vulnerable code, and comments from the report's author. OpenBounty lists bug bounties offered by more than 30 different crypto projects, with a total deposit value of more than $11 billion. Independent security researcher Pascal Caversaccio said that publicly leaking potential vulnerabilities is extremely irresponsible, and any hacker can sift through these reports and exploit them.
Security researchers have also complained that OpenBounty lists and accepts bug bounty reports from other security firms and crypto projects that they have not authorized. Among the bounties listed on the OpenBounty website are those from top decentralized exchange Uniswap and lending protocol Compound. “As a security advisor to Compound DAO at OpenZeppelin, I can authoritatively say that they are not authorized to manage bug bounties on behalf of the protocol,” said Michael Lewellen, head of solutions architecture at crypto security firm OpenZeppelin. “Listing bounties without permission can have legal consequences,” said Dmytro Matviiv, CEO of bug bounty platform HackenProof. “The bug bounty market operates under a well-thought-out legal process. Under this system, permission must be obtained from the bounty issuer before the bounty is placed on the bug bounty platform.”
A spokesperson for CertiK confirmed that Shentu, the entity that controls the OpenBounty platform, was once part of CertiK, however, Shentu has been operating autonomously as a separate entity since 2020. However, four years after the split, code on the OpenBounty platform still links to domains with CertiK in the name. However, a spokesperson for CertiK said that these domains are managed independently by Shentu.
In response to the "Polkadot First Half Financial Report", Fabian Gompf, CEO of Web3 Foundation, a Polkadot development organization, said on the X platform: "This is not an expenditure of the Web3 Foundation, but an on-chain treasury expenditure, which is determined by community voting. Even if the foundation does not sell any DOTs, it has more than 5 years of operating funds. The whole concept of 'treasury operating funds' is misleading. The treasury has a continuous inflow of funds and will never run out of funds. I think the treasury should use its funds for more forward-looking initiatives not covered by the foundation. Even some of the unspent on-chain treasury funds will be automatically destroyed. In the past few months, the on-chain treasury has spent too much money on activities that may have lower returns. Polkadot community, if you want change, now is the time to vote." Related reading: Polkadot's first-half financial report caused controversy: nearly half of the $87 million in expenditures were promotion fees, and revenue was only $1.1 million
Bittensor: Investigating multiple attacks on Bittensor wallets
The AI project Bittensor officially announced in the Discord community at 8:39 this morning: The Optentensor Foundation is investigating multiple suspected attacks on Bittensor wallets in the past three hours. Out of caution, the foundation has put the chain in safe mode (stopped) for at least 24 hours.
Astar Network will destroy 350 million ASTR, accounting for 5% of the total supply
According to CoinDesk, the multi-chain smart contract network Astar Network will destroy 350 million ASTR, accounting for 5% of its total supply. These tokens were originally allocated for the Polkadot parachain auction, but the product has been discontinued. The 70 million ASTR rewards generated by the destruction of 350 million ASTR tokens will be transferred to the community treasury. ASTR has risen more than 7% in the past 24 hours. Astar Network also reached an agreement with Polygon in March to integrate its AggLayer product, which aims to connect various blockchains using zero-knowledge proofs and provide unified liquidity.
Layer 1 blockchain platform Chromia expects to launch its mainnet in mid-July
According to The Block, Layer 1 blockchain platform Chromia is expected to launch its mainnet in mid-July. Chromia simplifies the building of Web3 applications through the SQL-like programming language Rell. ChromaWay plans to release the minimum viable product version of its mainnet on July 16 to establish the core functions of the network. Chromia will bridge its native token CHR to facilitate core functions such as staking delegation and network hosting fee payment.
Binance will launch WIF/BRL, ZK/USDC, ZRO/USDC spot trading pairs on July 3
Binance announced that it will launch WIF/BRL, ZK/USDC, and ZRO/USDC spot trading pairs at 22:00 (ET) on July 3, 2024. In addition, Binance will open trading robot services for spot algorithmic orders for the above trading pairs at the same time.
According to The Block, blockchain company OpenLedger raised $8 million in a seed round led by Polychain Capital and Borderless Capital. Other participants include HashKey Capital, Finality Capital, Hash3, STIX, MH Ventures, Sreeram Kannan of EigenLayer, Sandeep Nailwal of Polygon, and Kenny Li of Manta. OpenLedger focuses on building permissionless and data-oriented infrastructure for artificial intelligence development. The company plans to use this financing to expand the team and strengthen the data pipeline infrastructure, and is expected to launch the mainnet next quarter.
Open source AI platform Sentient completes $85 million seed round of financing
According to The Block, the open source AI platform Sentient has raised $85 million in a seed round of financing co-led by Peter Thiel's Founders Fund, Pantera Capital and Framework Ventures. One of Sentient's core contributors is Polygon co-founder Sandeep Nailwal, and EigenLayer founder and CEO Sreeram Kannan has served as an advisor throughout. Other investors include Ethereal Ventures, Robot Ventures, Symbolic Capital, Delphi Ventures, Hack VC, Arrington Capital, HashKey Capital, Canonical Crypto and Foresight Ventures. Sentient is committed to building open source AI models through community contributions to compete with OpenAI. Sentient will allow users to access and contribute models and provide rewards based on contributions. Sentient plans to launch a testnet in the third quarter of this year and will use the new funds to continue building its platform. Nailwal said Sentient will be built on Polygon and may create its own chain through the Polygon Chain Development Kit (CDK).
Startup Lombard raises $16 million in funding led by Polychain Capital
According to CoinDesk, startup Lombard has raised $16 million in funding and plans to work with Bitcoin pledge protocol Babylon to launch a Bitcoin-based re-pledge function. Lombard's goal is to upgrade Bitcoin from a store of value to a productive asset, flowing into the Web3 economy and driving sustainable growth. Lombard's financing round was led by Polychain Capital, with participants including BabylonChain, Inc., dao5, Franklin Templeton, Foresight Ventures, Mirana Ventures, Mantle EcoFund and Nomad Capital. Lombard will launch the "Liquid Bitcoin" token (LBTC) based on Babylon's cross-network security technology, a tradable deposit certificate that allows users to maintain liquidity while staking Bitcoin to secure other networks. Lombard said that by introducing LBTC in conjunction with major ecosystems and DeFi protocols, more than $1.3 trillion of Bitcoin can be used for lending and trading, providing new capital opportunities and users for Bitcoin holders as well as the ecosystem and its protocols.
Distributed GPU network Prodia completes $15 million financing, led by Dragonfly Capital
According to CoinDesk, the distributed GPU network Prodia has raised $15 million for its AI inference solution, led by Dragonfly Capital. Other investors in the financing include HashKey, Web3.com, Index Ventures, Symbolic Capital, OKX Ventures, and angel investors Balaji Srinivasan, Polygon founder Sandeep Nailwal, and Bloq co-founder Matthew Roszak. Prodia uses Web3 infrastructure to provide low-latency and cost-effective AI media inference solutions.
According to CoinDesk, the blockchain oracle project RedStone announced that it has raised $15 million in Series A funding, led by Arrington Capital. The financing will be used to recruit new team members. Also participating in this round of financing are SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, gumi Cryptos, Christian Angermayer's Samara Asset Group and HTX Ventures. RedStone is introducing its oracle to the emerging re-staking field of Ethereum. RedStone signed an agreement with Ether.fi, the largest re-staking service on EigenLayer, in April this year to obtain $500 million in funds to help introduce its data oracle into the ecosystem. RedStone provides oracle data feed services covering multiple blockchain networks such as Ethereum, zkSync Era, Avalanche, Base, Polygon, Linea, Celo, Optimism, Arbitrum, Fantom, BNB Chain and Blast.
Pi Squared Completes $12.5 Million Seed Round, Led by Polychain Capital
According to CoinDesk, Pi Squared, a company that uses zero-knowledge technology to achieve verifiable computing, announced that it has raised $12.5 million in a seed round led by Polychain Capital. Also participating in this round of financing are ABCDE, Bloccelerate, Generative Ventures, Robot Ventures and Samsung Next, as well as angel investors including Justin Drake of the Ethereum Foundation and Sreeram Kanaan, founder of EigenLayer. Pi Squared is led by Grigore Rosu, a professor of computer science at the University of Illinois at Urbana-Champaign. The company plans to use the new funds to expand its products. Pi Squared's first product is a "universal settlement layer" that can settle blockchain transactions in any programming language. Rosu said the company is also developing a "universal zero-knowledge circuit", which will enable "trustless remote computing, AI and interoperable smart contracts for any blockchain or dApp" through zero-knowledge technology. The project is expected to enter the testnet stage by the end of 2024.
Grayscale GBTC funds had a net outflow of US$32.4 million on July 2
According to Farside Investors' monitoring, on July 2, Grayscale GBTC funds had a net outflow of US$32.4 million, and ARKB funds had a net inflow of US$2.5 million.
Arkham said on the X platform that its research team analyzed Justin Sun on-chain assets in Ethereum and Tron in February this year, as well as the assets in his wallet marked on Arkham. At that time, the assets in Justin Sun’s public wallet were worth about US$1.4 billion, and now they are worth about US$1 billion.
More than half of the top 25 U.S. hedge funds have exposure to Bitcoin ETFs
Data from investment firm River shows that as of the end of the first quarter of 2024, 13 of the 25 largest hedge funds in the United States have exposure to Bitcoin ETFs. Among them, Millennium Management holds 27,263 bitcoins worth $1.69 billion, accounting for about 2.5% of its total assets under management (valued at $67.7 billion). Other hedge funds with large Bitcoin holdings include Schonfeld Strategic Advisors (holding 6,734 bitcoins) and Point72 Asset Management (holding 1,089 bitcoins). On the other hand, some top hedge funds, such as Bridgewater Associates, AQR Capital Management, and Balyasny Asset Management, have not yet invested in Bitcoin ETFs.
pump.fun's fee income in the past 24 hours reached $1.99 million, a record high
PANews reported on July 1 that according to DefiLlama data, Solana's meme coin issuance platform pump.fun's fee income in the past 24 hours reached $1.99 million, a record high. The previous highest daily record was $1.48 million on May 30.
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