[Link to FM] Optomism confirmed stolen, Ethereum Ropsten test network has been merged

【Data Intelligence】

The number of Bitcoin Lightning Network nodes is 17,652

According to data from the 1ML website, the number of Bitcoin Lightning Network nodes is 17,652, a year-on-year increase of 1.35%; the number of channels is 85,454, a year-on-year increase of 1.4%; the network capacity is 3,986.39 BTC, a year-on-year increase of 6%.

Bitcoin mining difficulty increased by 1.29% to 30.28T

On June 8th, according to BTC.com data, the difficulty of Bitcoin mining has risen from 29.90T to 30.28T, an increase of 1.29%. There are currently 1,186 unconfirmed transactions in Bitcoin. The computing power of the entire network is 219 EH/s, and the 24-hour transaction speed is 3.10 transactions/s.

【 Regulatory News 】

South Korea to issue draft guidelines for cryptocurrency trading

According to a new report, top South Korean officials have asked cryptocurrency exchanges to develop guidelines on the listing and delisting of digital tokens to protect investors from another catastrophe. Yoon Chang-hyun, head of the ruling party's virtual asset committee, called for a second meetingnext week with domestic cryptocurrency exchanges Upbit, Bithumb, Coinone, Korbit and Gopax. Yoon Chang-hyun revealed in an interview that the main purpose of the meeting was to agree on a draft of non-binding guidelines that South Korean policymakers are seeking to implement a self-regulatory system similar to Japan. Yoon also said that the cryptocurrency industry has been neglected for too long without order and discipline, while highlighting its "disadvantages" compared to traditional finance. Further details of the draft guidelines have not been disclosed, but most of the effort is likely to focus on adopting stricter reporting requirements to improve transparency rather than tightening trading procedures, according to Bloomberg sources. Representatives of four of the five South Korean cryptocurrency exchanges have so far confirmed the second meeting but said they were unaware of its agenda. The FSC was also unable to comment on the conference program, but claimed that if any guidelines were developed, the crypto platform would make an official announcement.

New York Crypto Regulator Publishes Formal Stablecoin Guidelines

The New York State Department of Financial Services (NYDFS), which oversees regulated crypto firms in the state, released its first guidance for stablecoins on Wednesday, laying out a series of requirements that any issuer operating in the state must comply with. Stablecoins traded in the U.S. state of New York should be adequately backed by certain assets that are segregated from the issuer’s operating funds and regularly attested by auditors, according to the guidelines.

【Industry Trends】

Optimism stealing hackers have sent 1 million OP to V God's address

According to news on June 9, the data on the Optimism chain shows that the hacker address of the 20 million OP theft event officially announced by Optimism has sent 1 million OPs to the V god wallet 0xd8dA6BF26964aF9D7eEd9e03E53415D37aA96045. As of now, V God has not responded to this matter.

Arrington Capital Launches $100M Growth Fund for Moonbeam Ecosystem

Crypto investment firm Arrington Capital, which manages more than $1.6 billion, has partnered with the Moonbeam Foundation to launch a new $100 million ecosystem fund for Polkadot’s EVM-compatible Moonbeam parachain. The Arrington Moonbeam Growth Fund will fund new companies and protocols on the Moonbeam network, targeting a wide range of verticals including DeFi marketplaces, NFTs and gaming. The fund has already deployed capital for two undisclosed projects. Launched in January, Moonbeam currently has 100 projects running or about to launch. In the first five months, Moonbeam users completed more than 6.5 million transactions and developers deployed more than 5,000 smart contracts, according to the network. Last month, the firm cleared from its website a new $100 million fund tied to Terra yield-generating protocol Anchor, which suffered heavy losses from the crisis-hit U.S. dollar stablecoin. Arrington said the removal was due to reduced demand.

Decentralized hosting solution Entropy completes $25 million in financing led by a16z

On June 9th, Entropy, a decentralized custody solution, completed a $25 million financing led by a16z, with participation from Coinbase Ventures, Robot Ventures, Dragonfly Capital, Ethereal Ventures, Variant, and Inflection. It is reported that Entropy aims to disrupt the way digital assets are held through its decentralized self-custody solution.

The Ethereum Ropsten testnet has been merged

According to the news on June 9, the Ethereum Ropsten test network has been merged. As of now, the transition date for the proof-of-stake (POS) of the Ethereum mainnet has not yet been determined, and it is currently only a merger experiment based on the testnet. After completing the Ropsten transition, two other testnets (Goerli and Sepolia) will also transition to proof-of-stake before shifting focus to mainnet.

Frax Co-Founder Proposes $20M Buyback of FXS

On June 8, Frax Finance co-founders Sam Kazemian and Travis Moore released a new governance proposal to repurchase the protocol's Frax Shares (FXS) Token for $20 million. It is reported that the repurchase plan aims to increase the value of FXS Token after the decline in the past six months. If passed, the agreement would buy back and burn $20 million worth of FXS. The buyback and burn process will remove these tokens from circulation, resulting in a reduction in circulating supply. Proposal sponsors stated that buybacks are necessary to reverse the downward trend in FXS prices. FXS is down more than 85% from its all-time high of $42.80 earlier this year.

【Elite Viewpoint】

Binance US CEO: Our goal is to become a regulated entity

On June 9th, Binance US CEO: The bipartisan legislation on cryptocurrency in the United States is a good step. Our goal is to become a regulated entity and hope to make cryptocurrency rights more accessible.

Chengdu Lianan: The ApolloX project party was attacked due to a flaw in the signature system, and lost about 1.6 million US dollars

According to the security public opinion monitoring data of Chengdu Lianan’s “Chain Bing-Blockchain Security Situational Awareness Platform”, the ApolloX project was attacked. According to the analysis of Chengdu Lianan’s technical team, it was found that the ApolloX signature system was flawed, and the attackers used the signature system flaws to generate 255 signatures were obtained, and a total of 53,946,802 $APX was withdrawn from the contract, worth about 1.6 million US dollars. The stolen amount has been entered into the Ethereum address 0x9e532b19abd155ae5ced76ca2a206a732c68f261 through cross-chain. Previously, the ApolloX token APX dropped rapidly from $0.054 to $0.019 at around 19:00 today, a flash drop of about 60%.

【What to watch today】

Optomism confirmed stolen, 20 million OPs have been controlled by hackers

On June 9, Optimism announced on social media that due to communication and technical errors in the cooperation with the cryptocurrency market maker Wintermute, 20 million OPs have been controlled by hackers. At first, the Optimism Foundation sent 20 million OPs to Wintermute for market making, and then Wintermute found that the receiving address it provided was a Layer1 address. Before Wintermute transferred it to Layer2, the attacker had already deployed it with different initialization parameters . So far, hackers have sold about 1 million stolen OP.

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