Web3 Daily Briefing: UK Treasury is drafting new regulations for the crypto market; South Korean regulators failed to submit a bill regulating the won stablecoin on time; Colosseum announces the winners of the Solana Cypherpunk hackathon.

"Web3 Daily Briefing" is an official newsletter from Web3Caff, summarizing important news, official updates, and selected articles from the past 24 hours for the Web3.0 community. It aims to help Web3.0 enthusiasts and builders quickly understand the latest industry developments. For more timely and comprehensive updates on the latest industry trends and insightful articles, please follow our official Twitter account.

• The UK Treasury is drafting new regulations to govern the crypto market.

• Swiss crypto bank AMINA Bank integrates Ripple Payments

• South Korean regulators failed to submit a bill regulating the Korean won stablecoin on time.

• Juventus' controlling shareholder rejected Tether's takeover offer.

• Colosseum Announces Winning Projects of the Solana Cypherpunk Hackathon

• HyperFund operator Brenda Chunga faces 11 charges.

• Aevo confirmed that the older version of Ribbon DOV vaults was attacked, resulting in a loss of $2.7 million, and will compensate active users.

• ChainOpera AI launches foundation website and plans to launch COAI ecosystem fund.

• Abu Dhabi National Oil Company (ADNOC) will accept AE Coin stablecoin payments at its nearly 980 gas station retail network.

Great articles you might have missed

The Ethereum Interoperability Layer (EIL) was recently brought to the forefront by the EF account abstraction team at Devconnect. EIL's goal is ambitious: to make all L2 users "appear on the same chain" without hard forks or altering Ethereum's underlying consensus. This article discusses this topic; read it quickly.

The theme of this meeting was "Coordination Mechanism for Combating Virtual Currency Trading and Speculation," and the meeting emphasized the need for "continuous crackdown." In a legal context, the word "continuous" carries significant weight; this is not merely a surprise crackdown campaign, but rather a long-term, normalized regulatory mechanism. This article provides an analysis and a quick overview.

EIP-7892, or Blob Parameter Only, was developed to extend this flexibility to the data domain. It makes the key parameters of a blob configuration-driven, and implements this through a lightweight hard fork of Blobs that allows for "parameter-only changes, not code modifications." From a client-side development perspective, it's almost like performing a hot parameter update, which this article will discuss.

On December 4th, Caroline D. Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), announced that listed cryptocurrency spot products would begin trading for the first time on a CFTC-registered futures exchange under federal regulation in the United States. This move is one of the first steps in the "Cryptocurrency Sprint" initiative launched to implement the government's pro-cryptocurrency policy goals, and this article will discuss it.

Disclaimer: As a blockchain information platform, the articles published on this site represent only the personal views of the authors and guests and do not reflect the position of Web3Caff. The information contained in the articles is for reference only and does not constitute any investment advice or offer. Please comply with the relevant laws and regulations of your country or region.