News

Aethir has announced the official launch of its ATH pre-staking activity on EigenLayer. Users can now stake ATH in EigenLayer's ATH vault and receive the liquid staking token EigenATH (eATH).

This vault has integrated EigenLayer's AVS model, allowing computing power providers in the Aethir network to borrow ATH to operate a decentralized computing power network. The service fees generated will be proportionally distributed to eATH holders. All staked ATH will be locked for one year to ensure network stability.

According to the official blog of staking service provider Figment, Hester Peirce, head of the U.S. Securities and Exchange Commission (SEC) crypto working group, clearly stated in a speech on May 19 that the technical activities directly involved in Proof of Stake (PoS) and Delegated Proof of Stake (DPoS) systems do not fall under the jurisdiction of securities laws. This is the first time a senior SEC official has made such a statement regarding staking activities.

Peirce pointed out that the SEC will issue further guidance to clarify which activities are not subject to securities laws, including technical services that assist in participating in consensus mechanisms. She acknowledged that the SEC's past enforcement and regulatory approach has failed to effectively prevent fraud and instead caused confusion for compliant operators. This statement is seen as a positive signal for U.S. institutions to participate in staking activities. Figment stated that this will promote the broader adoption of staking services by U.S. institutions.

According to Whale Alert monitoring, at 22:06 today in the Eastern Eight District, the USDC Treasury minted an additional 100 million USDC on the Ethereum blockchain.

According to Jinshi reports, U.S. Treasury Secretary Besent stated that the 90-day suspension proposed on April 2 was based on sincere negotiations. Trump believes the quality of the EU's proposal is not high and hopes this will motivate the EU to take action.

JD Coin Chain Technology CEO Liu Peng stated in an interview that JD Stablecoin is a stablecoin based on a public blockchain and pegged 1:1 to fiat currencies such as the Hong Kong Dollar (HKD) or the US Dollar (USD). It has currently entered the second phase of sandbox testing and will offer mobile and PC applications for retail and institutional users. The main testing scenarios include cross-border payments, investment transactions, and retail payments.

JD Coin Chain Technology is collaborating with leading compliant exchanges; in the retail payment scenario, it is connecting and testing with acquiring scenarios such as JD Hong Kong and Macau sites.

According to The Block, crypto lending platform Ledn announced it will terminate Ethereum support and interest-bearing services, fully transitioning to a Bitcoin-collateralized lending model.

Starting July 1, the platform will only offer "custodial Bitcoin lending" services, with clients' collateral assets fully managed by Ledn or its partner institutions. Ledn introduced Ethereum-collateralized lending services in February 2024, and this adjustment means the closure of "growth accounts" for both BTC and ETH.

According to Coinglass data, the total liquidation across the network in the past 24 hours was $544 million, with long positions liquidated at $403 million and short positions at $141 million. Among them, Bitcoin long positions were liquidated at $112 million, Bitcoin short positions at $25.85 million, Ethereum long positions at $101 million, and Ethereum short positions at $36.93 million.

Additionally, in the last 24 hours, a total of 163,008 people were liquidated globally.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $6.69 billion, with long positions at $3.325 billion, accounting for 49.70% of the holdings, and short positions at $3.365 billion, accounting for 50.3%. The profit and loss for long positions is $157 million, while for short positions it is -$134 million.

Among them, the whale address 0x5078..b6 is long on BTC at a price of $108,997.5 with 40x leverage, currently with an unrealized loss of $3.7991 million.

According to Betakit, Canadian stablecoin issuer Stablecorp has completed a $1.8 million financing round, with the funds to be used for expanding the infrastructure of the Canadian dollar stablecoin QCAD, including establishing on-chain foreign exchange liquidity and payment channel integration.

The company announced that it will simultaneously carry out structural reforms for QCAD, including setting up an independent trust, the QCAD Digital Currency Trust, to manage reserve assets, implementing daily market value reports, monthly reserve attestations, and annual audits. QCAD is currently operated as a joint venture by crypto asset management company 3iQ and blockchain developer Mavennet Systems, and received a CAD 1.9 million investment from institutions such as Circle Ventures in 2022.

According to market data, the three major U.S. stock indices opened lower, with the Dow Jones down 1.1%, the S&P 500 down 1.2%, and the Nasdaq down 1.5%. U.S. cryptocurrency stocks generally fell at the opening, including:

• COIN down 1.75%;
• MicroStrategy (MSTR) down 2.8%;
• MARA Holdings (MARA) down 5.2%;
• Riot Platforms (RIOT) down 3.7%;
• Hut 8 Corp. (HUT) down 3.9%.