Evening News | Tesla sold 75% of its Bitcoin holdings in the second quarter; KuCoin received a $10 million strategic investment from SIG
zkSync releases public roadmap, zkSync 2.0 will launch mainnet in 100 days.Organizer: Nianqing, Chain Catcher
"What important events have occurred in the past 24 hours?"
1. Polygon zkEVM code has been open-sourced and will launch a public testnet
The code for Polygon zkEVM has been open-sourced, and it is set to launch a public testnet soon, with more documentation to be released to detail the specifics. It is reported that Polygon zkEVM can provide EVM-equivalent solutions for developers and users, achieving high throughput, low latency, and low fees. (Source link)
2. zkSync releases public roadmap, zkSync 2.0 will launch mainnet in 100 days
Ethereum Layer 2 scaling solution zkSync has released a public roadmap, stating that zkSync 2.0 will launch its mainnet in 100 days. This fall, ZK proofs for EVM smart contracts will be introduced in a real-time production environment, and project registration will open in October. (Source link)
3. Tesla sold 75% of its Bitcoin holdings in Q2, cashing out $936 million
Tesla CEO Elon Musk stated during the earnings call that Tesla sold 75% of its Bitcoin holdings in Q2, cashing out $936 million at an average selling price of $29,000, which helped Tesla turn its free cash flow from negative to positive in Q2.
Musk mentioned that Tesla is open to increasing its Bitcoin holdings in the future, and the sale "should not be seen as a judgment on Bitcoin." Additionally, Tesla has not sold its holdings of Dogecoin (DOGE). (CoinDesk)
4. Minecraft: Prohibits integration of blockchain technology in client and server applications
Microsoft's popular multiplayer sandbox game Minecraft announced that to ensure a safe and inclusive experience for Minecraft players, blockchain technology must not be integrated into Minecraft client and server applications, nor used to create NFTs related to any game content, including worlds, skins, character items, or other mods.
Minecraft stated that the use of NFTs and other blockchain technologies creates digital ownership based on scarcity and exclusivity, which contradicts Minecraft's values of creative inclusivity and collaborative play. "NFTs do not encompass all of our community but create a scenario that distinguishes the rich from the poor. The speculative pricing and investment mentality surrounding NFTs diverts attention from playing the game and encourages profiteering, which we believe contradicts our values of helping players achieve long-term happiness." (Source link)
5. NIO refutes rumors: No plans to issue any digital currency, has initiated legal proceedings
NIO Vice President and Global General Counsel Gao Gang released a statement on the NIO App, stating that today (July 21), false information about issuing digital currency under the name of NIO has appeared online. NIO stated that there are no plans to issue any digital currency and has not authorized any third party to issue digital currency.
NIO indicated that it has initiated legal proceedings against the behavior of misusing NIO's name to release false information and will hold the relevant parties legally accountable. Earlier today, an announcement titled "NIO Coin Global First Issuance and Subscription Guide" circulated online, signed by the "NIO Business Development Department." (Sanyan Finance)
6. KuCoin announces $10 million strategic investment from SIG
Cryptocurrency exchange KuCoin announced a $10 million strategic investment from SIG (Susquehanna International Group). Additionally, KuCoin and SIG will collaborate on blockchain startup incubation and the KCC ecosystem development.
Previously, KuCoin announced it completed a $150 million financing at a valuation of $10 billion, led by Jump Crypto, with participation from Circle Ventures, IDG Capital, and Matrix Partners. (Source link)
7. Sushi launches cross-chain AMM SushiXSwap based on Stargate
Sushi announced the launch of the cross-chain AMM SushiXSwap based on Stargate, connecting all major public chains and Rollups through an easy-to-use dApp interface. Utilizing LayerZero's groundbreaking full-chain messaging protocol, it allows users to perform one-click, chain-agnostic transactions. SushiXSwap itself further expands functionality, enabling users to use their liquidity pools on each chain to obtain the desired assets on the target chain. (Source link)
"What excellent articles are worth reading in the past 24 hours?"
1. "Research Report on Learning Channels for Chinese Crypto Practitioners"
From June 1 to June 30, 2022, Winkrypto conducted a market survey on "reading/interacting habits" primarily targeting the core group of the Chinese crypto industry, receiving positive feedback from industry professionals and collecting 1,035 valid questionnaires. The survey included both qualitative and quantitative parts, with limited and open questions, covering language, platform channels, media attention ranking, community participation, institutional attention, KOL attention, and other related options, aiming to objectively depict the learning pathways and methods of the Chinese crypto community, clarifying the changes and current status of the industry landscape and user behavior after the tightening of market self-regulation.
2. "How Decentralization Reshapes Technology and Governance?"
Decentralization is a concept historically used to describe local governance structures, indicating that the responsibility for planning and decision-making is not held by a central authority but distributed among its members. Although the terms "centralization" and "decentralization" were created during significant political upheavals in Europe in the 19th century, these concepts have existed since the dawn of society.
The term "decentralization" itself has become synonymous with certain characteristics of blockchain technology. The purpose of this article is to help clarify why people in the broader crypto community organize around the concept of decentralization. While a unified comprehensive definition would undoubtedly be clearer than the current contextual definitions, decentralization within blockchain is an evolving concept that must currently be reviewed based on circumstances to determine how foundational processes adapt to its current applications.
Recently, Yuga Labs' metaverse project Otherside completed its "First Trip" internal test, attracting numerous players, with a peak of over 4,000 online simultaneously.
During this test, Voyagers could participate in various activities, navigating through game environments designed specifically for testing, experiencing actions such as walking, running, jumping, and dancing, or showcasing their owned NFTs. Although the current functionalities are not yet fully developed, the overall response from players to this internal test of Otherside, which officially launched in May and is developed by Improbable, has been positive. So, what kind of company is Improbable?
