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ETH $2,121.57 +0.29%
BNB $655.25 +0.90%
XRP $1.36 -0.67%
SOL $86.96 +1.18%
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DOGE $0.1056 +1.21%
ADA $0.2511 +1.83%
BCH $379.36 +1.49%
LINK $9.82 +2.75%
HYPE $59.38 +1.91%
AAVE $88.14 +0.22%
SUI $1.10 +0.83%
XLM $0.1472 +2.57%
ZEC $638.53 -3.37%
BTC $77,250.13 +0.01%
ETH $2,121.57 +0.29%
BNB $655.25 +0.90%
XRP $1.36 -0.67%
SOL $86.96 +1.18%
TRX $0.3647 +1.03%
DOGE $0.1056 +1.21%
ADA $0.2511 +1.83%
BCH $379.36 +1.49%
LINK $9.82 +2.75%
HYPE $59.38 +1.91%
AAVE $88.14 +0.22%
SUI $1.10 +0.83%
XLM $0.1472 +2.57%
ZEC $638.53 -3.37%

voting

THORChain has released a recovery plan for the attack incident, and voting for node operators has begun

THORChain has released its fourth update regarding the attack incident on May 15, and the proposal ADR028 has been announced, with voting for node operators now open.According to the recovery plan, the protocol will first absorb losses through its own liquidity, with the remaining portion to be shared by synthetic asset holders; the specific distribution ratio of the two is still under evaluation. The protocol's own liquidity will be reduced to zero, and will be gradually replenished through system revenue. This plan will not issue or sell RUNE, nor will it dilute any holders.On the technical side, GG20 will be temporarily retained and has completed patch upgrades. Trading will resume after the vulnerabilities are fixed and node rotation is successfully conducted, with a future release pace that is slower and more security-conscious. Innocent nodes located in the same vault as the attacker will be protected, while the attacker nodes will be fully confiscated. The recovered RUNE will be paired with the recovered assets, and any excess will be destroyed.The protocol also offers a white hat bounty to the attacker to recover funds; if some are returned, the recovery plan will be adjusted proportionally. THORChain remains neutral and permissionless, and there will be no review of the attacker's Swap transactions after trading resumes. Node operators are currently voting on the proposal direction, and the numbers in the ADR are only indicative, with adjustments to be made through Mimir later.

The "CLARITY Act" has entered the full voting stage in the Senate and still requires the support of at least 7 Democratic senators

The CLARITY Act has been reviewed by the U.S. Senate Banking Committee today and will next enter the full Senate voting stage.According to Mars Finance, the market is optimistic about the completion of the legislation this year, with the success probability predicted by the market Polymarket exceeding 70%. However, the bill must first pass the critical procedural threshold of the "motion to end debate," which requires at least 60 votes in favor from the 100 senators; otherwise, it may face indefinite delays.Reports indicate that two Democratic senators have explicitly crossed party lines to support the bill, and all 51 Republican senators are expected to vote in favor. Therefore, at least 7 Democratic senators' support is still needed to advance the bill to the final voting stage.In addition, the CLARITY Act will need to be integrated with the version from the Senate Agriculture Committee. The Banking Committee version mainly involves the SEC regulatory framework, securities classification, trading platform registration, and DeFi protection; the Agriculture Committee version focuses on CFTC regulation, digital commodity spot and derivatives markets, among other areas. The final unified text will be submitted for Trump’s signature after being voted on by both houses.Previous news: The U.S. Senate Banking Committee passed the CLARITY Act with a vote result of 15:9.

The vote to "reduce JUP net release to zero" has passed, and the Jupuary airdrop will be indefinitely postponed

The voting on Jupiter's proposal to "reduce the net release of future tokens to zero" officially ended today at 19:00, with the community passing the proposal with a 75% support rate.Previously, Jupiter initiated a new proposal to reduce the net release of JUP to zero in the foreseeable future. The proposal mainly targets the three major sources of JUP releases at present ------ Jupuary airdrop, team share unlock, and Mercurial quota unlock. The specifics are as follows:First, the Jupuary airdrop will be indefinitely postponed, and all 700 million JUP will be returned to the community multi-signature cold wallet for future use. The usage amount and staking snapshot at the current time will be retained. When the market environment, token status, and market sentiment are more suitable, this matter will be re-discussed with the DAO.Second, the release of tokens to team members will be indefinitely suspended. As an alternative, team members will receive JUP in the form of Jupiter's balance sheet debt. If any member wishes to sell their allocated tokens, they will be directly purchased by Jupiter's balance sheet. This move will further strengthen JUP reserves while demonstrating the team's commitment to the future of the JUP token.Third, the selling pressure from Mercurial stakeholders will be fully hedged, which will accelerate the unlocking process, and an equivalent amount of tokens will be purchased through Jupiter's own balance sheet to absorb any impact from potential token sales.
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