WuBlockchain Weekly：$OP、Ropsten Merge、CPI and Top10 News
1、As a result of Wintermute's mistake, $20 million OP was stolen. Although the hacker said he would return it link
The theft of 20 million $OPs due to a Wintermute error has caused much sorrow in the community, not so much for the theft itself, but for the fact that Optimism did not make the incident public in the first place, an action that upset the community and caused the price of $OP to drop to some extent. The hacker has now said he will return the remaining $OP.
In addition, $OP has opened a governance vote that will airdrop $35 million $OP tokens to 23 eco-projects, hoping to make vitalik's much-praised governance that may allow optimism eco to pull back.
2、PayPal Lets Users Transfer Bitcoin and Ethereum to External Wallets link
PayPal announced on Tuesday that crypto users can now move funds off its platform, a long-awaited feature that will make the company's offering more like other popular cryptocurrency services.
The ability to conduct external transfers on PayPal's crypto platform, an image of which can be seen below, will start rolling out to users today and be available to everyone in the U.S. in the next week or two.
3、Ropsten testnet merge successful, some testnet will shutdown link
Ropsten testnet merge successful on June 9th, although do have some missing block proposals, which was a known issue before. Client teams will dig into the specifics across each combo expect a proper update by AllCoreDevs this Friday.
With Ropsten now on PoS, friendly reminder that many testnets will be shut down by EOY:
Kiln: shut down soon after mainnet merge ❌
Rinkeby: won't be merged, shut down by EOY ❌
Ropsten: merged today, shut down by EOY ❌
Goerli & Sepolia will be maintained post-merge
4、DeFi Firm Terra Must Face SEC Subpoenas, 2nd Circ. Affirms link
5、stETH depeg rumor link
As investors fear a run on their money due to a hacking incident on Celsius, even institutions are withdrawing from Curve pool, causing the current stETH/ETH pool asset ratio to tilt.
However, Lido officially stated that stETH and ETH are 1:1 anchored, and the exchange ratio does not reflect the underlying support of ETH pledged by users, but the fluctuation of the price in the secondary market.
6、US annual CPI inflation rises to 8.6% in May
The annual pace of inflation in the US rose to 8.6% in May according to the latest Consumer Price Index data released by the US Bureau of Labour Statistics on Friday. That was above the expected reading of 8.3%. MoM, the headline inflation rate was 1.0%, well above the expected rise to 0.7% from 0.3% back in April.
Bitcoin falls below $30,000 as US CPI comes out higher than expected.
7、Market Cap BTC Dominance hit 47.52% on June 6, the highest since July last year
Market Cap BTC Dominance hit 47.52% on June 6, the highest since July last year. Market Cap ETH Dominance hit 17.74% on June 6, its lowest level since October.
8、A bill related to the US cryptocurrency regulatory framework has been suspected of being leaked link
9、Reuters reported Binance served as a conduit for the laundering of at least $2.35 billion in illicit funds, Binance refuted link
For five years, the world’s largest cryptocurrency exchange Binance served as a conduit for the laundering of at least $2.35 billion in illicit funds, a Reuters investigation has found.
Binance said that report is rife with falsehoods, massive leaps to conclusions, and relies on poor data.
10、Alibaba Cloud launches NFT solution, then quickly memory holes it link
The cloud business unit of Chinese marketplace giant Alibaba Group Holdings launched a new nonfungible token (NFT) solution and then promptly deleted all mention of it online.
Fundraising
Binance Labs Makes Strategic Investment in PancakeSwap link
Cronos Launches $100M-backed Cronos Accelerator Program to Support Ongoing Ecosystem Building link
BlockFi is raising a down round at $1 billion valuation link
Solana launches $100M investment and grant fund for South Korean web3 startups link
Felix Capital Raises $600 Million to Boost Web3 Exposure link
Algorithmic Stock Adviser Delphia Raises $60M Ahead of Rewards Token Launch link
Ledger and VC firm Cathay Innovation launch $110 million crypto fund link
Learn more, check out DoveMetrics.
Insights
Smart Contract Security: A Simple Checklist for Web3 Development link
Smart Contract Red Flags and Staying Safu link
Is it a Ponzi? link
Do We Need a Recession? link
WINTERMUTE - REKT link
The Layer 2 Token Endgame link
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