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In this episode, Colin, the founder of Wu Blockchain, and his old friend, lawyer Dongbing, discuss the sudden approval of the Ethereum spot ETF this week and explore the reasons behind this major shift. We also delve into the significant FIT21 bill and its potential impact on the industry. Winter Soldier predicts that Ethereum’s price could rise to 6K to 8K during this cycle. We generally believe that the SOL ETF is unlikely to be approved in this cycle. The audio transcription was done using GPT and may contain errors. Listen to the full podcast: YouTube Risk Disclaimer: The content of this episode does not constitute any financial advice. Personal investment actions are unrelated to Wu Blockchain’s stance. Please strictly comply with local laws and regulations. Reasons for the Sudden Approval of the ETH Spot ETF This event can be traced back to the approval of the Bitcoin ETF in January of this year. After the Bitcoin ETF was approved, I believed that the Ethereum ETF would inevitabl...

1. Matter Labs: No New Trademark Applications for ZK link Matter Labs expressed their gratitude to Vitalik Buterin, NEAR founder Illia Polosukhin, Hasu, and others for their suggestions on ensuring that terms like ZK remain freely accessible and protected from misuse. The community’s proposal, which they fully support, includes the following: establishing an ownerless legal entity whose sole purpose is to hold the trademarks for ZK and similar key terms. This entity must be led by a trusted, impartial organization or community member; it will provide free trademark licenses to everyone; and it will invite influential community figures and neutral organizations to join as guarantors. Matter Labs pledges not to file any new trademark applications for ZK. If an application is denied, they will not appeal. Matter Labs will never enforce any existing or future ZK trademarks except for defensive purposes, such as preventing lawsuits against them. Additionally, Matter Labs commits to financia...

Author: defioasis By holding LST and an equivalent amount of perpetual contract short positions, Ethena has created a delta-neutral CDP, pioneering a new chapter in synthetic dollars . The yield on sUSDe (staked USDe) actually comes from basis trading, with the current sUSDe APY exceeding 11%. According to Etherscan data, as of May 8, the supply of USDe has reached 2.29 billion, making it the fifth largest stablecoin/synthetic dollar after USDT, USDC, DAI, and FDUSD. USDe vs UST: How its different The yield and growth rate of USDe inevitably remind people of UST in the past, where Anchor UST offered an annual yield of 20%, but ultimately collapsed overnight. However, there are significant differences between the two. Firstly, UST is an algorithmic stablecoin with mechanisms for arbitrage, minting, and burning between LUNA and UST to maintain parity with the dollar , whereas USDe has real backing assets hedged with delta-neutral positions. Secondly, USDe has a real business, namely basi...

Aurthor: OKX Web3 As we enter a new cycle, the risks of on-chain interactions are becoming increasingly exposed with the rise in user activity. Phishers typically use methods such as creating counterfeit wallet websites, stealing social media accounts, creating malicious browser extensions, sending phishing emails and messages, and publishing fake applications to lure users into disclosing sensitive information, leading to asset losses. Phishing activities exhibit characteristics of diversity, complexity, and stealthiness. For example, phishers often create counterfeit websites that resemble legitimate wallet platforms, enticing users to input their private keys or mnemonic phrases. These counterfeit websites are usually promoted through social media, emails, or advertisements, misleading users into believing they are accessing legitimate wallet services, thereby stealing their assets. Additionally, phishers may impersonate wallet customer support or community administrators, sending u...

1. Solana Network Achieves Yearly High in New Addresses and Active Addresses in December link Solana Network sets a new record for monthly new addresses and active addresses. As of December 25th, the number of active addresses on the Solana Network for December surpassed 15.6 million, showing an increase of around 50% compared to November and exceeding the 15.2 million in January. The number of new addresses added in December is 6.8 million, surpassing the 6.6 million recorded in May earlier this year. 2. zkSync Era Mainnet Temporarily Halts Block Production for 2 Hours link On December 25th, the zkSync Era mainnet experienced a 2-hour block production pause. After an urgent investigation and fix by the team, the issue has been completely resolved. According to @zkSyncDevs, the problem on the zkSync Era network originated from an edge case error in the operator’s computation of state updates. While the sequencer was fully operational, overly defensive measures were taken based on unnec...

Author：Crescent Editor：Colin Wu 1. Singapore’s Weekly Summary 1.1 Singapore Police Arrest Over 10 Individuals and Seek 8 Others Allegedly Involved in Scam, Gambling, and Money Laundering Activities link On August 16th, the Singaporean authorities announced the arrest of 10 suspects, with twelve individuals assisting in the investigation, and eight persons currently being sought by the police. These foreigners, all holding Chinese passports but with citizenship from various countries, are suspected of being involved in laundering the proceeds of organized overseas criminal activities (including fraud and online gambling). Authorities have issued freezing orders on 94 properties and 50 vehicles, estimated to be worth over 815 million Singapore dollars. Additionally, more than 35 related bank accounts have been seized, with an estimated total balance exceeding 110 million Singapore dollars, along with the confiscation of 11 documents, including virtual assets. 1.2 Singapore MAS Collabora...