The ENS governance crisis has escalated, and the community plans to propose delegating 5 million ENS tokens to reform the allocation of voting rights.
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US senators have proposed banning elected officials and the president from issuing or sponsoring personal tokens.
PANews reported on July 4th, citing Cointelegraph, that US Senator Kirsten Gillibrand has proposed banning elected officials and the president from issuing or sponsoring their own tokens. In a statement, Gillibrand said Congress should support measures prohibiting elected officials and their spouses from “issuing or sponsoring their own digital assets.” The New York senator stated that the proposed restrictions would cover all US presidents and their spouses, but did not explicitly mention whether the provision would be extended to the vice president or their family members. Gillibrand was one of the senators behind the negotiations for the Senate's CLARITY Act, which has been repeatedly delayed due to concerns about ethics, tokenization, and stablecoin rewards.
Uniswap has proposed extending the UNIFication burn program to v4 liquidity pools.
PANews reported on July 8th that, according to Cryptopolitan, Uniswap Labs has proposed extending the UNIfication burn program to Uniswap v4 liquidity pools, requesting UNI holders' approval to charge protocol fees on some v4 pools and use a portion of the revenue to buy back and burn UNI tokens. A snapshot vote will be held from July 7th to 12th, lasting five days. The UNIfication program currently runs on 11 chains, increasing token value by distributing protocol revenue to stakers and burning tokens. If the v4 extension proposal passes, it will further strengthen the deflationary mechanism of the UNI token and may attract more liquidity to the v4 version. The community response has been generally positive, but some smaller liquidity providers are concerned that increased protocol fees may affect their yields.
Nakamoto Chairman: "BIP-110 failure" is extremely positive for Bitcoin, further validating its governance structure.
PANews reported on July 4th that David Bailey, Chairman of Nakamoto, a Bitcoin financial institution, and Chairman of Bitcoin Magazine, stated that the failure of the long-standing controversy surrounding "BIP-110" is "extremely beneficial" to Bitcoin in terms of outcome, further validating the network's resistance to attacks and splits. Bailey described the event as a "governance conflict attempt" that lasted for several years, involving multiple game-like struggles including mining pool competition, client fork proposals, UASF (User Activated Soft Fork) mobilization, node consensus manipulation controversies, and a large-scale information war surrounding social media and the developer community. Even under such highly complex coordination and dissemination conditions, the relevant camps did not gain significant computing power support, accounting for "less than 1%", indicating that miners and economic participants have not deviated from mainstream social consensus.
Harmony proposes shutting down layer 1, migrating ONE to Ethereum
Harmony proposed sunsetting its layer-1 blockchain and migrating ONE to Ethereum, weeks after an exploit led to plans to discard 109,000 transactions.
SEC proposes new crypto rules in absence of CLARITY Act
The proposed rules from the US securities regulator would provide companies with a safe harbor from tokens being treated as“investment contracts” and certain exemptions for token issuance.
SEC Proposes Crypto Fundraising Exemptions in Abrupt About-Face
The proposed rules would let crypto projects raise capital through token sales without full securities registration and create a path for tokens to separate from investment contracts.