Fidelity has written in a revised submission to the US Securities and Exchange Commission (SEC) that it wants to offer its potential Ethereum fund traders the ability to pledge a portion of their assets. The asset management company applied to launch an Ethereum exchange-traded fund (ETF) in November last year. Other potential issuers include BlackRock, Ark Invest, and Grayscale.
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Fidelity looks to add staking to Ethereum ETF application
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Jack Dorsey's Blockchain plans to raise $1.5 billion through senior notes issuance
Jack Dorsey's financial technology company, Block (formerly known as Square), announced on May 6th that it plans to issue $1.5 billion in preferred notes to qualified institutional investors through private placement. -
LayerZero: Working with Nansen and others to write a Sybil Detection Report
LayerZero Labs announced that it has been working with Chaos Labs and Nansen to compile a witch detection report. They will consider the total weighted transactions of each user in all LayerZero applications to ensure consistency between TGE, developers, and long-term users. The report will be released after the deadline for self-reporting witches. -
German state-owned development bank KfW plans to issue blockchain digital bonds with a minimum size of 100 million euros
Germany's state-owned development bank Kredittanstalt fuer Wiederaufbau (KfW) plans to issue a blockchain digital bond with a minimum size of 100 million euros. Insiders revealed that the bond is expected to mature on December 31, 2025. KfW is reportedly in discussions with European institutional investors during the preparation phase over the next few weeks to allow investors time to become familiar with the transaction. The transaction is expected to be completed in the summer. -
LayerZero co-founder: "Self-reporting of witch activities" is not aimed at individuals, but at industrial witch studios
Bryan Pellegrino, co-founder and CEO of LayerZero, stated on social media that the "Self-Report Sybil Activity" is not targeting individual users, but rather large industrial witch farms (studios).Earlier, LayerZero Labs launched the "Self-Report Sybil Activity" plan, which allows witch addresses to self-report related addresses on a designated page and receive an expected allocation of 15%, without answering any questions. The deadline is May 17th, 19:59:59. -
Suspected MakerDAO multi-signature wallet deposited 750 MKR to Binance 2 hours ago
According to Spot On Chain monitoring, MakerDAO has been depositing MKR into CEX. Two hours ago, the multi-signature wallet 0xbba (possibly MakerDAO) deposited 750 MKR (approximately $2.19 million) at an average price of $2920 to Binance. -
ZeroLend will open ZERO airdrop claims on Linea at 15:30 on May 6th, and will take a snapshot closer to TGE
On May 6th, ZeroLend, a decentralized lending protocol, announced that ZERO airdrop claiming will be opened on Linea at 15:30 on May 6th, and ZERO trading will be opened at 16:00. The Zero Gravity points and earlyZERO (1 earlyZERO = 1 ZERO) accumulated by users will be automatically converted to ZERO and displayed on the reward page. In terms of airdrop distribution, ZeroLend will distribute 18% of the token supply to the community, of which 5% will be allocated to Zero Gravity participants and 13% will be allocated to earlyZERO holders. ZeroLend stated that a snapshot will be taken near TGE. ZERO stakers will receive voting rights, staking rewards, and potential future airdrops based on their voting power. If staked for more than 1 year, a staking bonus of 5%-20% can be obtained. -
Starknet Ecosystem DEX Paradex Releases Q2 Roadmap: Plans to Implement Cross-Chain Bridging and Wallet Support
Decentralized perpetual contract trading platform Paradex on the X platform released its Q2 roadmap, with the following highlights: -
The Bitcoin-native stablecoin bitSmiley Alphanet V1 Surpasses $24M TVL in 24 Hours!
In a remarkable achievement, bitSmiley's Alphanet V1 skyrocketed to over $24 million in TVL within just 24 hours of its launch with over 6 million bitUSD stablecoins minted through over-collateralization. bitSmiley stands as a pioneering initiative, introducing stablecoins by over-collateralizing Bitcoin. -
Vitalik: PoW is also quite centralized. PoW is just a temporary phase before moving to PoS
Vitalik Buterin, co-founder of Ethereum, stated on social media that PoW is also quite centralized. It just hasn't been discussed too much because everyone knows it's just a temporary stage before transitioning to PoS. This doesn't even involve how to potentially avoid ASICs, simply because the upcoming PoS transition means there's no incentive to build them. -
Another person involved in the OneCoin scheme was arrested and the US prosecutors have filed a lawsuit against him
According to court documents submitted by the Southern District of New York, William Morro, a person involved in OneCoin, has been arrested. Prosecutors said Morro lied to banks about the source of funds to conceal the source of funds related to OneCoin. He was involved in transferring $35 million related to OneCoin to an account in Hong Kong and about $6 million to an account in the United States.
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