PA Daily | The Biden administration has rehired its former cryptocurrency advisor, Carole House; the German government wallet has transferred 900 BTC today.

Today’s headlines:

The Biden administration rehires its former cryptocurrency advisor Carole House

Trump is in talks to speak at the Bitcoin conference in July 01928374656574839201

Jump Crypto President Kanav Kariya announced his resignation

Telegram Founder: TapSwap Mini App Currently Has 56 Million Users

Today, the German government wallet address transferred a total of 900 BTC

WikiLeaks founder Assange has been released and has left the UK, AssangeDAO governance token JUSTICE has experienced a big pump

**People’s Daily Overseas Edition published an article “Shu Tu: Tsinghua ‘Yao Class’ team builds world-class public chain”

BTC Spot ETF saw a total net outflow of 174 million US dollars yesterday, marking the 7th consecutive day of net outflow

Regulatory News

Louisiana, United States passed new encryption legislation to protect node operators and ban CBDC

According to Cointelegraph, the state of Louisiana in the United States has passed a new encryption law to protect node operators and prohibit the use of central bank digital currencies (CBDC). The law will take effect in August 2024, explicitly prohibiting the state from participating in CBDC testing or accepting CBDC payments. In addition, the law imposes strict restrictions on foreign-controlled digital asset mining enterprises, requiring them to completely divest their interests in the state within one year. The law also defines node operators, emphasizing their importance in maintaining blockchain consensus and integrity.

Trump is in talks to speak at the Bitcoin conference in July.

According to two sources cited by Axios, Trump is in talks to give a speech at the Bitcoin conference in July.

Other political figures will also give speeches at this conference, including presidential candidate Robert Kennedy, former presidential candidate Vivek Ramaswamy, and Republican Senators Bill Hagerty and Marsha Blackburn. In addition, Trump and Biden will debate later this week, and may discuss cryptocurrencies.

The Biden administration has rehired its former cryptocurrency advisor Carole House

According to DL News, the Biden administration announced that Carole House, a senior official who had previously provided advice and co-authored executive orders on cryptocurrency and digital assets for President Biden in 2022, has returned to the government. House will serve as a special advisor to the White House National Security Council, focusing on “critical infrastructure policy” and cybersecurity. She said, “I am honored to once again serve in shaping the future of a secure and trustworthy digital economy.”

The South Korean State Council passed the enforcement order of the ‘Virtual Asset User Protection Act’, which will take effect on July 19th.

According to the Economic Times, the South Korean State Council today approved the enforcement decree of the ‘Virtual Asset User Protection Law’, which will take effect on July 19. The decree stipulates that Virtual Asset Service Providers (VASPs) must use banks to safeguard user deposits. In addition, VASPs have the right to stop users’ cash deposits and deposits and withdrawals of virtual assets based on reasonable reasons stipulated by the law. Earlier reports said that the Financial Services Commission plans to establish a virtual asset committee to provide advice on policies and regulations in the cryptocurrency market.

AI&NFT&Metaverse

OpenAI CTO: GPT-5 is expected to be released at the end of 2025 or early 2026

OpenAI’s Chief Technology Officer Mira Murati recently revealed that the company’s next-generation artificial intelligence model, GPT-5, is expected to be launched at the end of 2025 or the beginning of 2026, reaching a doctoral level of intelligence in specific tasks, signaling another major leap forward in artificial intelligence technology.

It is reported that GPT-5, with the internal codenames ‘Gobi’ and ‘Arrakis’, is a multimodal model with 5.2 trillion parameters, while the previous generation GPT-4 had around 2 trillion parameters. Murati compared the progress from GPT-4 to GPT-5 to a leap from high school level to college level, indicating a significant improvement in complexity and capability for the new model.

Project Updates

Tim Beiko: Email list provider used by Ethereum Foundation suspected of being hacked.

Tim Beiko, a core developer of Ethereum, stated on X platform that the email list provider used by the Ethereum Foundation, ‘[email protected]’, is suspected to have been hacked. SendPulse is currently being contacted to resolve the issue. Please do not click on any links in this email.

DEX Screener launches token issuance trading platform ‘Moonshot’

According to DEGEN NEWS, DEX Screener has launched the token issuance trading platform “Moonshot”, which will compete with pump.fun. DEX Screener tweeted that Moonshot does not have X account, and users should beware of fraud.

Blast Foundation was established, and Blast’s vision will be publicly announced on June 26.

Blast, an Ethereum L2 network, announced the establishment of the Blast Foundation on the X platform to support the community in realizing the Blast vision, which will be unveiled on June 26th. So far, Blast’s accounts and website have been managed by Blast Development Company called Arcade Research. As part of the transition to a decentralized governance structure, the governance of this X account, website, and Blast protocol is transitioning to foundation control. More information will be shared soon.

Jump Crypto President Kanav Kariya announced his resignation

Jump Crypto President Kanav Kariya announced his resignation from X platform, ending his six-year career at Jump Trading. Kanav Kariya stated that he will continue to stay in touch with the investment portfolio companies he has been involved in, and plans to use this time to address some events that have occurred in the past few years. Earlier on June 20th, sources familiar with the matter said that the U.S. CFTC is investigating Jump Crypto.

ZK Nation: The second round of token application for ZK token has started, accounting for 1.91% of the total airdrop supply.

ZKSync community ZK Nation stated on X platform that the second round of token claiming activity for ZK Token has been launched. Members of Protocol Guild, contributors to external projects, or users nominated by projects in the ZKsync native ecosystem can now check if they are eligible for claiming. This claiming activity accounts for 1.91% of the total airdrop supply and will end on January 3, 2025.

Orderly will increase the airdrop amount from 10% of the total supply to 13.3%

The whole-chain derivative liquidity layer Orderly Network announced an increase in airdrop distribution, with the token distribution of the points program “Merits” increased by 50%, from 59 million to 92 million; and the total airdrop amount increased from 10% of the total supply to 13.3%. In addition, the Orderly points activity “The Road to The Order” has been extended for another eight weeks, and may end early.

Tether will stop minting USDT on EOS and Algorand

According to the official blog, Tether, the stablecoin issuer, announced that it will stop minting USDT on EOS and Algorand starting today (June 24, 2024). Tether will continue to redeem USDT on EOS and Algorand for the next 12 months. Further changes may be evaluated and announced at that time.

People’s Daily Overseas Edition published an article titled ‘Shu Tu: World-class public chain built by the ‘Yao class’ team of Tsinghua University’.

The overseas edition of People’s Daily recently published an article titled ‘ShuTu: The world-class public chain created by the ‘Yao class’ team of Tsinghua University’, stating that the ‘Yao class’ team of Tsinghua University has created the world-class public chain ShuTu (Conflux). ShuTu was developed by the team led by Yao Qizhi in 2017 and has received widespread attention. In 2020, the ShuTu blockchain mainnet was officially launched, achieving high-performance consensus throughput in a real network environment. ShuTu has become a globalized blockchain network, serving tens of millions of users and billions of transactions, and is cooperating with China Telecom to launch blockchain account management functionality for SIM cards in order to reduce the technical usage threshold.

Jupiter announces the launch of Jupiter Swap V3

Solana ecosystem trading aggregator Jupiter announces the launch of Jupiter Swap V3, which utilizes the new Metropolis liquidity backend to achieve instant routing, dynamic slippage, smart token filtering, and ecosystem token listing. The new system addresses user issues such as token discovery, slippage settings, and token verification, and supports instant routing of new tokens from Raydium, Meteora, and Orca. The dynamic slippage feature allows for setting the maximum slippage, and the smart token search feature considers real-time information, while the improved alert system enhances the user experience.

ZKsync introduces the “elastic chain” architecture in its 3.0 roadmap

According to The Block, ZKsync has introduced the “elastic chain” architecture as part of its 3.0 roadmap, transitioning from a single ZK Rollup chain to a network of interoperable ZK chains, and reconfiguring the native bridge as a token vault. The project plans to operate over 20 chains on the mainnet by the end of 2024, using the ZK Stack software package to simplify users’ experience with multiple chains. The elastic chain architecture aims to achieve seamless operation, with transactions requiring only one wallet confirmation, without the need for network switching or manual asset bridging.

Aevo: The second phase airdrop project Azuro protocol’s AZUR airdrop is now available for claim

Decentralized derivatives trading platform Aevo announced that the second phase of its Airdrop project, Azuro Protocol (Azuro Protocol), is now open for claiming. The Airdrop will distribute 666,666 $AZUR tokens to eligible users. Users can claim the $AZUR Airdrop through this link. Eligible wallets must hold ETH on the Ethereum mainnet. More Aevo Airdrop projects will be available in the coming weeks, specifically for Aevo stakers and pre-launch traders.

Important Data

Bitcoin Spot ETF yesterday’s total net outflow of 174 million US dollars, continued net outflow for 7 days

According to SoSoValue data, the total net outflow of Bitcoin spot ETF was $174 million on June 24th (US Eastern Time). The Grayscale ETF GBTC had a net outflow of $90.4295 million on the same day, and the historical net outflow of GBTC is $18.45 billion. As of the time of writing, the net asset value of the Bitcoin spot ETF is $51.53 billion, and the ETF net asset ratio (the proportion of market value to total market value of Bitcoin) is 4.39%. The historical cumulative net inflow has reached $14.387 billion.

An address spent about 2.35 billion dollars to buy about 4000 bitcoins yesterday

According to a tweet from HODL15Capital, an investor bought Bitcoin multiple times on June 24, totaling about 4,000 coins at a cost of about 230 million US dollars. These transactions increased their balance from 10548.73 BTC to 14407.96 BTC, with purchase prices ranging from $59,462 to $61,215.

AssangeDAO governance token JUSTICE rose 105% in 24 hours

According to Coingecko, JUSTICE, the governance token of AssangeDAO, which aims to rescue the founder of WikiLeaks, has risen by 105% in the past 24 hours, now trading at $0.0004889. Earlier today, it was reported that the founder of WikiLeaks, Julian Assange, has reached a plea agreement with the US Department of Justice and has left the UK, eventually returning to Australia.

Since the launch of the ZK token, the valuation of ZKsync has dropped by 40%

According to The Block, since the launch of ZKToken by ZKsync, its fully diluted valuation is $3.4 billion, a 40% decrease from the token’s launch. Analysts say this may be due to continuous selling pressure from airdrop recipients and overall poor market conditions. Currently, the market capitalization of ZKToken is about $600 million, compared to $1 billion at the time of launch. Data shows that the number of active addresses on ZKSync Era reached a historical high of nearly 675,000 on the day of ZKToken launch, but just three days after the token’s release, the number of active addresses halved. This indicates that the initial surge in quantity may have been due to dormant addresses suddenly becoming active to claim airdropped tokens.

Telegram founder: TapSwap mini app currently has 56 million users

Telegram founder Pavel Durov stated on his personal Telegram channel that the TapSwap mini-app has quickly become popular on Telegram, currently boasting 56 million users. This crazy level of popularity has been achieved in a few months without any marketing. The TapSwap team wisely distributed it through Telegram and utilized TON for the upcoming issuance of tokens. This success story is inspiring for all developers building applications on Telegram and TON.

The wallet address marked as ‘German government’ transferred a total of 400 BTC to CEX today, and transferred 500 BTC to an unknown address.

According to Arkham data, at 15:38 Beijing time today, the wallet address labeled “German Government” transferred 200 BTC each to Coin base and Kraken. Subsequently, the wallet transferred 500 BTC to an unknown address starting with 139PoP.

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