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WuBlockchain Weekly: Ethereum Spot ETF to Begin Trading Next Tuesday, Trump Urges Fed to Avoid Rate Cuts Before Election, Indian Crypto Exchange WazirX Hacked for Over $230 Million, etc

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1. SEC: Spot ETH ETF Issuers Can Begin Trading on July 23 link According to sources, the U.S. Securities and Exchange Commission (SEC) has informed spot Ethereum ETF issuers that trading may commence on July 23. The SEC has not provided further comments on the recently submitted S-1 filings, and the final versions must be submitted by Wednesday. Bloomberg Senior ETF Analyst Eric Balchunas tweeted that the SEC has finally responded to issuers, requesting the final S-1 forms (including fees) by Wednesday, so they can go effective after Monday’s close for a Tuesday (July 23) launch, assuming no unforeseen last-minute issues arise. SEC Commissioner Hester Peirce, in an interview with Coinage founder Zack Guzmán, mentioned that the issue of whether an Ethereum ETF can engage in staking is still open for reconsideration. She noted, “Whether it’s staking or any feature of the product, those are things that can be revisited.” The interview also touched on the future of Ethereum ETFs, the devel...

Analysis: Why Zero-Knowledge Proofs Will Penetrate Every Corner of Web3?

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Author: Hu Feitong Original link: https://mp.weixin.qq.com/s/h4W_ElxEWIYpt0NLp2SAfA First, let’s talk about what Web3 is. Simply put, Web3 is the decentralized internet. It’s meaningless to discuss Web3 without decentralization. The Premise of the Impossible Triangle When it comes to decentralization, blockchain is indispensable. And when it comes to blockchain, one cannot escape the blockchain trilemma: decentralization, scalability, and security cannot all be achieved simultaneously. But this has a premise, which is within certain technical conditions. Under these conditions, improving one or two aspects inevitably sacrifices the others. For example, many current projects claim to achieve TPS (transactions per second) in the thousands or even tens of thousands, reaching up to hundreds of thousands. This is achieved by sacrificing security and decentralization. Therefore, these projects do not have a strong security foundation. In more extreme cases, they are essentially internet proj...

Interview with HongShuning: 20 years at the Chinese Central bank and A Believer in Bitcoin

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This podcast episode Features Hong Shuning, who has worked for a long time at the Nanjing branch of the People’s Bank of China. He graduated from the Computer Science Department of Tsinghua University in 1992. In 2011, when Bitcoin broke the $1 mark, he wrote a paper advocating for the use of national computing power for mining, the establishment of Bitcoin banks, and countering the hegemony of the US dollar. Nowadays, Mr. Hong mainly supports the RGB direction and is involved in entrepreneurship in this area. However, he also lost some of the Bitcoin he bought early on due to contracts and investing in ICOs. The audio-to-text conversion used GPT, so there may be errors. Listen to the full podcast: YouTube Spotify Risk warning: The content of this episode does not constitute any financial advice. Personal investment actions are not related to the position of WuBlockchain Media. Please strictly comply with the laws and regulations of your location. When Bitcoin broke $1, I first encou...

ZK-EVM Upgrade Narrative to zkVM: Why Are These Five Core Projects Worth Attention?

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By 0XNATALIE, Researcher at @ChainFeedsxyz Source: ChainFeeds Research zkEVM 升级叙事 zkVM,这五个核心项目为何值得关注? 在寻找区块链的可扩展性和计算效率的解决方案中,零知识证明(ZKP)技术尤为重要。zkVM(Zero-Knowledge Virtual Machine)是这一技术的具体应用之一。zkVM 作为一种基于 ZKP 的通用计算平台,能够在不泄露执行细节的前提下验证计算的正确性。并支持在链外处理计算量大的任务,仅将验证结果提交到区块链,极大地提升了区块链的扩展性。目前,市场上如 a16z、Taiko、ZKM 等多个项目正在开发 zkVM 解决方案。 zkVM 简介 zkVM 是一种基于零知识证明的通用计算平台… Read more 20 hours ago · 2 likes · 0xNatalie In the search for solutions to blockchain scalability and computational efficiency, zero-knowledge proof (ZKP) technology is particularly significant. The Zero-Knowledge Virtual Machine (zkVM) is one of the specific applications of this technology. As a general-purpose computing platform based on ZKP, zkVM can verify the correctness of computations without revealing execution details. It supports processing computationally intensive tasks off-chain, only submitting verification results to the blockchain, significantly enhancing blockchain scalability. Currently, several projects such as a16z...

Weekly Project Updates: Ordinals Reach New Heights in Popularity, Solana On-Chain Transaction Volume Surpasses Ethereum, Worldcoin Launches World ID 2.0, etc

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1. Bitcoin Ordinals Achieves Historic Highs in Market Trading Volume and Independent Transaction Addresses link According to @domodata data panel, on December 14th, the trading volume on the Bitcoin Ordinals market exceeded $46 million, with 18,300 independent trading addresses, both setting new historical highs. Currently, OKX holds over 80% of the on-chain market share in terms of trading volume, transaction count, and independent address count on Ordinals. 2. Arbitrum One Sequencer Temporarily Interrupted Due to Surge in Engraving Activities link Due to the surge in network traffic caused by the Minting activity, the Arbitrum One sequencer experienced an interruption between 10:29–11:57 (Eastern Time) on the 15th. Currently, Arbitrum One Gas prices have stabilized, and network operations have returned to normal. According to Arbiscan data, on December 15th, the number of on-chain transactions on Arbitrum surged to 4.39 million, setting a new all-time high. Simultaneously, according ...

Bitrace: Beware as Trading Platforms Launch Web3 Wallets, Intensifying Cryptocurrency Fraud Risks

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Author: Bitrace Source: https://mp.weixin.qq.com/s/gXWYpevDJQrkb26cx96XUg As the gateway to the onchain ecosystem, wallets serve not only as storage for digital assets but also as the primary space for users to interact with various decentralized financial products (DeFi). Traditional Web3 wallets, such as MetaMask, imToken, and TokenPocket, often operate independently of centralized trading platforms. However, with mainstream trading platforms introducing built-in Web3 wallets to seize future user traffic, the boundaries between centralized exchanges and decentralized Web3 are gradually becoming blurred. The launch of Web3 wallets by platforms like OKX and Binance signifies the integration of Centralized Finance (CeFi) and DeFi as an industry trend. However, while breaking down the barriers between on-chain and real-world assets, it also shortens the path for cryptocurrency criminal groups, reduces the cost of trust-building, and exacerbates fraud risks. This article aims to reveal th...