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Tomasz Stańczak, co-executive director of the Ethereum Foundation, made his first public statement in Hong Kong: Ethereum will become a disruptive technology for the next generation of financial infrastructure.

Odaily Odaily reported that during the "Building the Next Generation of Financial Infrastructure" dialogue held in Hong Kong on November 4th, Tomasz Stańczak, Co-Executive Director of the Ethereum Foundation, and Wang Keyi, CIO of SNZ Holding, engaged in an in-depth discussion. Stańczak emphasized that security is paramount in the future adoption of blockchain in the financial system, and the latest advancements in Ethereum technology are making it a key cornerstone. He elaborated on Ethereum's core roadmap for improving network scalability, security, and sustainability, and how Ethereum customizes implicitly relevant templates and software development kits for institutional needs, pointing out that these breakthroughs in underlying technologies are prerequisites for large-scale innovation in financial applications. Tomasz also emphasized that Ethereum, as a decentralized governance model comprised of hundreds of core developers and researchers, has never experienced any downtime or security issues in its approximately ten years of existence. In recent years, the Ethereum Foundation has built an ecosystem that brings together a large number of security experts and white-hat hackers to ensure the stable operation of the program. Ethereum-based smart contracts and Layer 2 scaling solutions are driving a paradigm shift in institutional applications such as DeFi and asset tokenization. He envisions that the solid foundation provided by Ethereum infrastructure will be a key element in building a more efficient, transparent, and open next-generation global financial network.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-08 20:31

The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.

According to Mars Finance, the legal team of the Bank of Korea has published a research paper titled "Regulatory Scheme for Foreign Remittance Transactions Targeting Stablecoins," proposing regulatory recommendations for large-scale stablecoin transactions. The paper, referencing current South Korean foreign exchange control regulations, proposes constraints on stablecoin transfers exceeding $10,000 between individuals, requiring such transactions to be conducted only between officially certified wallets, along with a pre-reporting mechanism. The institution acknowledges that there are technical obstacles to fully controlling unregistered wallets, but due to anti-money laundering compliance requirements, it is necessary to strengthen restrictions on large-scale cross-border stablecoin fund flows. South Korean regulators have previously repeatedly stated the need to improve the monitoring system for cross-border crypto asset transactions using non-custodial wallets; this paper further refines and implements the regulatory approach.

07-08 20:22

Gate responded to online rumors of user asset theft: An urgent investigation is underway, and preliminary assessments indicate it is an isolated incident.

According to Foresight News , Gate responded to online reports of user assets being stolen, stating that the incident shows the customer made a withdrawal between 3:00 PM and 4:00 PM on July 7th, and reported the loss to online customer service at 5:00 PM on July 8th. Gate has initiated an investigation, and the incident is currently under urgent investigation. Preliminary assessments indicate it is an isolated case, there are no system security vulnerabilities, and the website is operating normally. Preliminary investigations suggest this incident may be related to a leak of user information; the specific details are under investigation. Gate will disclose further details as soon as the investigation concludes.

07-08 20:19

Justin Sun has staked $430 million in Ethereum on Lido, yielding an annualized return of approximately $9.5 million.

According to Odaily Lens monitoring, Justin Sun Sun has been continuously staking ETH through Lido Finance. 23 hours ago, Justin Sun staked another 13,000 ETH, worth approximately $23.08 million, bringing his total staked ETH on Lido to 247,436 stETH, currently valued at approximately $430.2 million. Data shows that since February 2023, this staking position has generated a total of 11,307 stETH staking profits, worth approximately $26.82 million. Based on the current profit level, Justin Sun position has an annualized return of approximately $9.5 million.

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Guangdong: By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced.

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Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.

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