Golden Morning Post | Ethereum certification service EAS is launched on the Base blockchain

Headline

▌Ethereum certification service EAS is launched on the Base blockchain

The Ethereum Attestation Service (EAS) announced on social media that it has been officially launched on the Base blockchain. Developers on the Base chain can now explore decentralized identity functions, build certification services in dApps, and use EAS to obtain more convenient Third-party information trust and verification.

Quotes

As of press time, according to coinmarketcap data:

The latest transaction price of BTC is 26471.3 US dollars, with an intraday increase or decrease of **+**0.93%;

The latest transaction price of ETH is 1805.52 US dollars, with an intraday increase and decrease of +****0.79%;

The latest transaction price of BNB is 304.86 US dollars, with an intraday increase or decrease of **+**0.24%;

LINK's recent transaction price was US$6.27, with an intraday change of +0**.50%**;

The latest transaction price of DOGE is US$0.0709, with an intraday increase and decrease of +1**.30%**;

The latest transaction price of ADA is US$0.3580, with an intraday increase or decrease of +0.51%;

The latest transaction price of MATIC is US$0.8899, with an intraday change of +0**.91%**.

policy

▌Norges Bank: Norway should consider developing a national cryptocurrency regulatory strategy

Norway should consider developing a national cryptocurrency regulatory strategy, Norway’s central bank said in a report on Thursday. Norges Bank Deputy Governor Pål Longva said Norwegian authorities should assess whether to act sooner rather than wait for an international regulatory solution. Norges Bank can contribute to such assessments and regulation that promotes responsible innovation.

Furthermore, Norges Bank stated that the MiCA applies to a range of service providers in the crypto market and covers market abuse, consumer protection, market integrity and financial stability, but it does not cover “the development of decentralized finance, as the main focus of regulation are centralized market participants, lawmakers should leverage existing regulations to address systemic risks and enforcement actions.

▌The Central Bank of Brazil announced 14 CBDC pilot institutions, including Banco do Brasil, Visa and Microsoft

The Central Bank of Brazil has selected 14 institutions to participate in the country's CBDC pilot. The list includes Bradesco, Nubank and Itaú Unibanco, as well as Banco do Brasil and the local stock exchange B3. Multinational companies such as Visa and Microsoft are also participating. The central bank will begin onboarding participants to the Real Digital Pilot platform in mid-June 2023.

▌European Systemic Risk Committee issues warning on cryptocurrencies and DeFi

The European Systemic Risk Board (ESRB) released a report saying that although cryptocurrencies have experienced a turbulent year, its impact on the traditional financial system has been minimal. Even so, the committee cautioned for further oversight. Given the impressive growth trajectory and unpredictable future of the crypto market, potential systemic risks cannot be ignored, the report said.

While European lawmakers finally passed the Market in Cryptoassets (MiCA) regulation in April, more work is needed, the ESRB said. The report recommends that policymakers implement a number of reforms to quell existing regulatory concerns, including regular reporting requirements for financial institutions with crypto exposure. Systemic risk could emerge, for example, if interconnections with the traditional financial system increase over time, the report wrote.

▌South Korea passed a bill requiring lawmakers and other government officials to declare their holdings of digital assets

South Korea’s National Assembly has unanimously passed a bill that will empower lawmakers and other senior government officials to declare their digital asset holdings. The 268 members of the unicameral body unanimously passed the Kim Nam-guk Prevention Act, named after South Korean representative Kim Nam-guk. The bill successfully passed a key committee on Monday and was passed with recent amendments. The amendment requires current members of parliament to disclose all digital assets acquired between the start of their term and May 31 by the end of June.

Rep. Chun Jae-soo said that traditional assets such as cash, stocks and real estate types of assets need to be declared only when they exceed 10 million won. With cryptocurrencies, every coin needs to be reported due to unpredictable value fluctuations.

****▌New French rules will allow social media influencers to promote cryptocurrencies

Lawmakers in a key French legislative council have unanimously agreed on new rules limiting social media influencers from promoting cryptocurrencies, according to a statement from the French Senate on Thursday.

According to a statement from Arthur Delaporte and Stéphane Vojetta, who led the negotiations in the National Assembly, the agreement allows for the promotion of the products of any cryptocurrency company registered with the Financial Markets Authority, a softer line than they had previously taken.

The new law could be the first in Europe to regulate social media people engaged in paid marketing, including in areas such as cosmetics and gambling.

Blockchain Application

▌Lionel Lim: The collapse of Luna and FTX is not a failure of blockchain technology

Lionel Lim, CEO of DBS Bank Digital Exchange, said that the collapse of Terra-Luna and FTX has seriously shaken people's confidence in cryptocurrencies and can be said to have triggered the most dire existential crisis in the 15-year history of the industry. While the asset class has recovered somewhat this year, with bitcoin up nearly 65% year-to-date, the milestones are still the perfect time to reflect on last year's setback and how the industry can rebuild better.

We should admit that these incidents are not a failure of blockchain technology, but the result of poor risk management and corporate governance, and some of the failed companies were fraudulent. The market continues to recognize the integrity and innovative potential of blockchain, as evidenced by the flood of capital flowing into decentralized exchanges following the FTX crash, as well as the positive reaction to Ethereum’s proof-of-stake (PoS) transition and Shapella upgrade. The events of 2022 demonstrate that for the industry to move forward, investor protection, transparency, robust governance structures and delivering value to customers must come back to the forefront of how exchanges are built and operated. CEXs that embrace these values will find themselves with a competitive advantage as investors increasingly rely on trusted, centralized platforms to manage their digital asset portfolios.

▌Ethereum Interoperability Protocol Omni Network Launches Origins Testnet Priority Access Program

Ethereum interoperability protocol Omni Network launches Origins testnet priority access program. Community members can get priority to enter the testnet by completing tasks.

Cryptocurrency

▌DCG will close the institutional trading platform TradeBlock on May 31

Digital Currency Group (DCG) will close its institutional trading platform TradeBlock, which provides trade execution, pricing and prime brokerage services to institutional investors, on May 31. DCG acquired TradeBlock in 2020, financial details of the transaction were not disclosed. A DCG spokesperson said in a statement that due to macroeconomic conditions and the prolonged crypto winter, as well as the challenging U.S. digital asset regulatory environment, we have decided to close our institutional trading platform business. TradeBlock is led by Breanne Madigan, who previously spent 15 years at Goldman Sachs and also served as Ripple's vice president of global institutional markets.

▌Ron DeSantis: People should be able to use Bitcoin

Florida Governor Ron DeSantis officially launched his campaign for the White House in 2024. Ron DeSantis said in a Twitter Space with Elon Musk and venture capitalist David Sacks that it is clear that the current regime does not support Bitcoin. If it goes on for another four years, they might end up killing it. The only reason these people in Washington don't like bitcoin is because they can't control it, they are central planners and they want to control society, so bitcoin is a threat to them.

DeSantis added that there is no need to control everything that people might do in the digital asset space. I think people should be able to use bitcoin and as president we will protect that ability like bitcoin. DeSantis reiterated his opposition to the creation of a CBDC.

▌Paolo Ardoino: High profitability enables Tether to develop new business areas

Tether Chief Technology Officer Paolo Ardoino said that high profitability enables Tether to develop new business areas. The appeal of our future plans is that we can start to diversify ourselves beyond stablecoin offerings and become an end-to-end technology provider, which will require some additional expertise in the relevant technology field. Therefore, energy, data exchange, financial infrastructure will become the key in the next 6-12 months and possibly 48 months.

Jinse Finance previously reported that in the first quarter of 2023, the net income of the USDT issuing company was US$1.48 billion, double that of the previous quarter.

▌Ripple President: The acquisition of Bitstamp will help the company expand its global influence and go beyond the payment field

Ripple President Monica Long said the company's recent stake acquisition in European cryptocurrency exchange Bitstamp will help further expand the company's international reach and diversify beyond payments. Ripple has a strong balance sheet, and we are actively looking for opportunities to continue expanding our business outside of the U.S. and beyond payments as we further build on our global leadership.

Jinse Finance previously reported that Ripple acquired a minority stake in Bitstamp from Pantera Capital in the first quarter.

▌Cryptocurrency venture capital firm Paradigm expands focus to AI field

Cryptocurrency venture capital firm Paradigm is emphasizing that its focus on cutting-edge technologies, including artificial intelligence, is moving beyond blockchain, two people familiar with the matter said. The firm now calls itself a research-driven technology investment firm, rather than investing exclusively in disruptive cryptocurrency/Web3 companies. The revision appears to have gone live around May 3, according to the Wayback Machine run by the Internet Archive.

"We believe cryptocurrencies will define the decades to come" was also removed from the homepage, and there is now no mention of web3 or blockchain. People familiar with the strategy said the company has not changed its mission and continues to focus on cryptocurrencies and web3. The updated website copy is designed to emphasize its technology research and point out that Paradigm has supported companies exploring new technologies in its core strategy. , such as AI Arena.

▌Report: 90% of home office customers want to incorporate cryptocurrencies into their investment strategies

According to a report by Ocorian, a global provider of services to high-net-worth individuals, 99% of respondents said increasing exposure to alternative asset classes is a long-term trend. The list of alternative asset classes includes traditional alternative asset classes such as capital financing, business development, private equity, commodities and hedge funds, as well as encrypted digital assets. Eighty percent of family offices report that they are struggling to find support for regulatory and reporting obligations, and inconsistencies between global tax regimes are also an issue. Because of these hurdles, 80% of family offices and HNWIs also said they were struggling to outsource to third parties willing to support them in meeting their regulatory and reporting obligations for investing in digital assets.

Important economic developments

▌Source: A streamlined version of the U.S. debt ceiling agreement has initially taken shape

U.S. President Joe Biden and House Speaker McCarthy are close to reaching an agreement on the U.S. debt ceiling, with a difference of just $70 billion in discretionary spending, according to people familiar with the matter. The source and another with knowledge of the talks said what could end up not being a bill that runs into hundreds of pages and could take days for lawmakers to write, read and vote, but a A stripped-down protocol with a few key figures. Negotiators are expected to hammer out a ceiling on discretionary spending, including military spending, but leave it to lawmakers to hammer out details on categories such as housing and education through the normal appropriations process in the coming months, another source said. According to U.S. federal data, discretionary spending in the U.S. will reach $1.7 trillion in 2022, accounting for 27% of total spending of $6.27 trillion. About half of that goes to defense, an area some lawmakers say should not be cut.

▌U.S. stocks close, the three major stock indexes are mixed

At the close of U.S. stocks, the three major stock indexes were mixed. The Dow Jones Index closed down 35.20 points, or 0.11%, at 32,764.72 points on May 25 (Thursday); the S&P 500 Index closed up 36.03 points on May 25 (Thursday). , an increase of 0.88%, at 4151.27 points; the Nasdaq Composite Index closed up 213.93 points, or 1.71%, at 12698.09 points on May 25 (Thursday).

Golden Encyclopedia

**▌****What are the bitcoin wallet address formats? **

There are four main types of Bitcoin addresses:

1. Legacy/payment public key hash (P2PKH) address; 2. Payment script hash Pay-to--Hash (P2SH) address; 3. Segregated witness address (SegWit) Bech32 address; 4. Taproot (Taproot )address.