Odaily News According to official news, Taiko announced the details of the TAIKO token lock-up and vesting plan: 1. Token distribution arrangement: Investors: 11.62% of the total token supply Taiko Labs core team (first execution): 9.81695% of the total token supply 2. Vesting and unlocking schedule: Vesting period: 4 years Initial lock-up: 12 months from TGE TGE date: June 5, 2024 After the initial lock-up period: 25% of the vested tokens can be unlocked The remaining 75% are unlocked linearly over the next 3 years The purpose of this structure is to: -Encourage long-term commitment; -Mitigate potential market fluctuations; -Align stakeholder returns with the long-term success of the project. As shown in the figure, the green part of the tokens has been released; The yellow part of the tokens is expected to be released in 2-4 years; The orange part of the fiat currency follows a strict release schedule: the tokens will become available one year after the launch, and then gradually released over the next three years until all tokens are fully liquid 4 years after the TGE; The pink part of the tokens is reserved for protocol development, DAO governance and prover network, and is expected to be fully distributed in more than 5 years.

Odaily News Social media platform X is under scrutiny by the Irish Data Protection Commission (DPC) following widespread reports that a change in default settings allowed users’ X data to be fed into the training of the artificial intelligence chatbot Grok. The DPC recently told TechCrunch: “The DPC has been in contact with X on this matter for several months, with the most recent interaction occurring yesterday. We are therefore surprised by the current developments. We have followed up with X today, are awaiting a response, and expect to engage further with it early next week.” (Cointelegraph)

Odaily News OKX market data shows that SOL briefly broke through 185 USDT and is now trading at 184.79 USDT, with a 24-hour increase of 4%.

Odaily News Vitalik Buterin replied to netizens on X: We dont need a single actor to broadcast all blobs. The blobs are already in the mempool, and there are many distributed broadcast options. There is still a long way to go to achieve a full DAS with a 16 MB target. There is no plan to achieve this goal until a satisfactory solution is found.

Odaily News Scroll ecological lending platform Rho Markets announced on X that it has completed the analysis of recent security incidents and implemented a protection plan to prevent similar incidents in the future. In addition, Rho Markets has introduced the RXP Compensation Boost compensation plan for the community, providing suppliers with a three-day bonus of 3 times the interest rate and borrowers with a three-day bonus of 4 times the interest rate based on the users asset supply and borrowing activities on Rho Markets during the incident. According to previous news, Rho Markets published a statement on X that in the future the team will introduce more third-party partners to strengthen security measures, including on-chain data monitoring and smart contract audits. In addition, the official will strengthen internal security measures, such as multiple internal reviews and strict simulation environment testing before the mainnet is launched.

Odaily News Mountain Protocol, an issuer of yield-based stablecoins, announced in a post on X that its license has been upgraded to a full license by the Bermuda Monetary Authority (Category F). This is the highest license available to digital asset businesses in Bermuda, and only a few companies have obtained it, including Coinbase, Circle, Hashkey, and Zero Hash.

Odaily News Tan Yueheng, a member of the National Committee of the Chinese Peoples Political Consultative Conference and a member of the Legislative Council, pointed out in an article that in terms of digital finance, the SAR government must continue to develop digital finance and qualified virtual products, conduct beneficial explorations into new financial formats, and promote the development of new quality productivity in the financial industry itself. Hong Kong must encourage financial technology companies to participate in the stablecoin sandbox mechanism, accelerate the issuance and trading of stablecoins that match the characteristics of the linked exchange rate system; expand the testing scope and landing scenarios of the digital RMB as a cross-border payment tool; focus on the development of products that link virtual assets with underlying real assets, and convert artworks, real estate, equity, and carbon emissions into digital tokens through blockchain technology. (Wenhui.com)

Odaily News LSDFi protocol Hydro Protocol posted on X that the synthetic dollar protocol Injera has airdropped 2 million ERA to the Hydro community, and details will be announced next week.

Odaily News Vitalik Buterin refuted the statement of Péter Szilágyi, head of the Ethereum team, that the research team fully accepts the idea of centralizing everything as long as it can be verified: I just attended the EF research workshop last week, and I can confirm that this is wrong. We had various discussions on minimizing centralization. This includes: * In-depth analysis of multiple proposers to see if the builder role can be completely eliminated; * Maximizing the power of inclusion lists (FOCIL); * Ideas on fork selection depending on the inclusiveness of transactions; * Analysis of Orbit SSF and ideas on accelerating the deployment of the Orbit mechanism, which may reduce the minimum deposit size by more than 10 times before we do SSF; * Distributed block construction for PeerDAS; * Network analysis and bandwidth optimization of PeerDAS and fullDAS; * Methods to make recovery from 51% attacks more partially automated and reduce dependence on the social layer; * Ensure that inclusion lists are fully applicable to (i) blobs and (ii) native account abstractions (such as EIP-7560) transactions. Earlier today, the head of the Ethereum team (Team Lead Péter Szilágyi has expressed concerns on social media about the direction of Ethereum’s development, regarding the Ethereum PeerDAS proposal, which proposes to increase the Ethereum blob size to 32MB. Szilágyi believes that the PeerDAS upgrade will hinder home stakers (usually those with simpler hashrate setups) from participating in the Ethereum network, which goes against the spirit of decentralization. Szilágyi wrote on X: Ethereum researchers are ‘murdering’ home stakers in front of everyone. This is not what I expected when I joined Ethereum. Now I’m happy to prove that this is not the case, but I feel that Ethereum is losing its thread. The research team seems to have fully accepted the idea of centralizing everything as long as it can be verified. It’s a joke: decentralized verification but centralized control.

Odaily News Metabit Network recently announced the successful completion of a new round of strategic financing of US$10 million. The investor has not yet been disclosed. Officials said that the company will use this funding to promote Metabit Networks innovation and development in the field of blockchain technology. Metabit is a blockchain platform based on the hybrid consensus mechanism PoAS, which allows different nodes to play different roles, providing physical operation networks, verification, packaging settlement, storage and bandwidth. On top of this architecture, Metabit v2.0 stage transitions to an AI-based multi-dimensional intelligent architecture, connecting with todays rapidly developing AI ecosystem. Provide high-performance infrastructure for large-scale commercial applications and change the Web3 ecosystem. The Metabit Network team said: This strategic financing provides strong support for our continued innovation, enabling us to achieve technological breakthroughs and market expansion faster. We will continue to be committed to providing users with excellent blockchain services and promoting progress in the entire industry.