EthLabs released its "Week2" update report, highlighting progress on Ethereum interoperability, PropAMMs, and funding.
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SecondFi has released an update on the latest theft incident: "Isolation Mode" will be launched this week, and a secure wallet export function is planned for release next week.
PANews reported on July 8th that SecondFi, the Cardano wallet service provider, released an update on the latest theft incident, stating that an "isolation mode" will be launched this week, allowing users to check if their wallet address is involved in the incident and submit a support ticket. Next week, they plan to launch a secure wallet export function, providing a safer wallet migration path for users of different skill levels. SecondFi reiterated that it will provide potential asset recovery solutions for wallets confirmed to be affected through its process, expected to be through zero-knowledge proof-based recovery tools with defined eligibility and terms. The official statement also emphasized that they will not request private keys or seed phrase, and users should only operate through the official website support and designated checking tools.
EthLabs: Advancing hiring, fundraising, and asynchronous cross-chain interoperability based on ZooKeeper technology.
PANews reported on July 6th that EthLabs, an Ethereum ecosystem research organization, announced that it has entered its second week of operation and is actively recruiting and raising funds. The team plans to expand to approximately 10 people soon and 20 people in the medium term, and has already received over 300 applications. Regarding funding, it has secured initial support from Bitmine, Sharplink, and Joseph Lubin, and is seeking one or two additional anchor funders. Technically, EthLabs is accelerating the development of asynchronous cross-chain interoperability based on ZooKeeper technology, believing that more secure cross-chain bridges will provide issuers with confidence in the widespread distribution of assets across the network, while also focusing on the Fast Confirmation Rule's improvement of L1 to L2 link latency.
Michael Saylor has released another Bitcoin Tracker update, and his accumulating activities may be disclosed next week.
PANews reported on July 5th that Strategy founder Michael Saylor once again released information related to Bitcoin Tracker. Based on past patterns, Strategy typically discloses information about increasing its Bitcoin holdings the day after such an announcement.
Ethereum, Base wallet standards talks fail, Ethlabs researcher says
Ethereum and Base are pursuing different account abstraction designs after talks failed, according to Ethlabs researcher Derek Chiang.
Bitcoin, Ethereum ETFs Grew $23 Billion Last Week—Only $2.6 Billion Was New Money
Bitcoin and Ethereum ETFs booked their strongest inflow week since October, but most of the gain came from coins investors already owned getting more valuable.
Crypto Market Preview This Week: Fed Meeting Minutes to be Released, SpaceX to be Included in Nasdaq 100 Index
According to BlockBeats, on July 6th, the crypto market will focus on the Federal Reserve meeting minutes, US economic data, and several crypto industry events this week. The macro environment and on-chain dynamics may jointly influence the price movements of digital assets. On the macro front, the Federal Reserve will release the minutes of its June FOMC meeting in the early hours of July 9th (Beijing time), with the market hoping to use this information to determine the future path of interest rates. In addition, the US ISM Services PMI, consumer inflation expectations, initial jobless claims, and China's June CPI data will also be released successively. On the industry front, SpaceX will be officially included in the Nasdaq 100 index on July 7th, becoming the fourth index component stock to hold Bitcoin, following Tesla, Strategy, and Mercado Libre. Data shows that SpaceX currently holds approximately 18,712 BTC, and its inclusion in the index is expected to benefit from the passive allocation demand of index funds. In addition, American Bitcoin (ABTC), a US mining company, will resume trading after completing a 1:15 reverse stock split to avoid delisting from Nasdaq; Berachain will complete its PoL Next upgrade on July 7. Regarding on-chain governance, ENS DAO, Frax DAO, Nexus Mutual DAO, and Arbitrum DAO will all conclude voting on multiple governance proposals this week. Regarding token unlocking, Hyperliquid (HYPE) will unlock 0.2% of its circulating supply on July 6, worth approximately $30.39 million; RAIN will unlock approximately 7.64% of its circulating supply on July 11, worth approximately $787 million; and PUMP will unlock approximately 29.12% of its circulating supply on July 12, worth approximately $130 million. Besides macroeconomic data, developments in the Russia-Ukraine situation and the continued weakening of the yen are also worth noting. Recently, Bitcoin has shown a strong negative correlation with the USD/JPY exchange rate, with the depreciation of the yen often accompanied by a rise in Bitcoin prices.