PA Daily | San Francisco Superior Court takes over Fei Protocol’s Disocrd channel; Ethereum client Erigon updates 2023 roadmap

Today's news tip:

1. Fei Protocol's Disocrd channel has been taken over by the San Francisco Superior Court

2. Azuki will not change Elementals background metadata, voted against 86.9%

3. Data: The market value of XRP in the second quarter decreased by 10.7% from the previous quarter, and the average daily trading volume and the number of active addresses decreased by 11.9% and 17.6% from the previous quarter respectively

4. Report: The number of monthly active developers is 21,300, with the largest number of developers in the Cosmos ecosystem

5. Poly Network attackers have converted TRIBE and FEI into 151.75 ETH and transferred them to other addresses

6. Data: The number of spot trading pairs supported by major crypto exchanges is showing a downward trend

7. The latest ACDE conference in Ethereum: EIP-6466 and 6406 code changes will affect LayerZero, zkBridge and Telepathy, but will not affect upgrades

8. Data: Since June 17, addresses holding 100,000 to 10,000 BTCs have accumulatively increased their holdings of 71,000 BTCs, worth about $2.15 billion

9.2023 World Artificial Intelligence Conference promotes 32 industrial projects with a contracted investment of 28.8 billion yuan

10. The Ethereum client Erigon updates the 2023 roadmap and will introduce the consensus layer Caplin

Regulatory News

Fei Protocol's Disocrd channel has been taken over by the US San Francisco Superior Court

Crypto KOL Julian Traversa tweeted that the Disocrd channel of the DeFi project Fei Protocol has been taken over by the San Francisco Superior Court. According to a filing in San Francisco Superior Court, Fei Labs faces a class action lawsuit alleging that it failed to sell FEI and TRIBE tokens during the "Genesis Event" from March 31, 2021 to April 3, 2021. Comply with the registration requirements of the securities laws. The parties have reached a settlement and a $17.85 million settlement fund has been established to pay individuals or entities that promptly file valid proof of claims.

NFT

! [PA Daily | San Francisco Superior Court takes over Fei Protocol’s Disocrd channel; Ethereum client Erigon updates 2023 roadmap](https://img-cdn.gateio.im/resized-social/moments-69a80767fe-f2ec67afc1 -dd1a6f-7649e1)

Azuki will not change Elementals background metadata, voted 86.9% against

Azuki's vote on updating Elementals background metadata has closed. There were 4,416 valid votes this time, of which 3,838 were negative votes, accounting for 86.9%. Support votes were 578, accounting for 13.1%. So Azuki will not change the Elementals background metadata.

Project News

Poly Network attackers have converted TRIBE and FEI into 151.75 ETH and transferred them to other addresses

According to Certi K monitoring, Poly Network attackers have converted about 488,600 TRIBE and about 147,800 FEI into 151.75 ETH, and these ETH have been transferred to addresses starting with 0x122.

Poly Network attackers have exchanged 43,270 METIS for 349.4 ETH, or will continue to sell

According to Spot On Chain monitoring, Poly Network attackers exchanged 43,270 METIS for 349.4 ETH (worth about $652,000) on Ethereum through 4 intermediate wallets in the past 15 hours, causing the price of METIS to drop by more than 10 %. At present, the attacker still holds 62,818 METIS (valued at $961,000), and may continue to sell them.

The Ethereum client Erigon updates the 2023 roadmap and will introduce the consensus layer Caplin

According to official news, the Ethereum client Erigon has updated its 2023 roadmap, and its execution layer has changed from 2 upgrades to 1 major upgrade, which will be named Erigon 3 (previously Erigon 4). At the same time, the consensus layer Caplin will be introduced, which will be designed to run together with Erigon 3 as a single process, or as a separate process.

The latest ACDE conference on Ethereum: EIP-6466 and 6406 code changes will affect LayerZero, zkBridge and Telepathy, but will not affect upgrades

Christine Kim, vice president of research at Galaxy Digital, published an article summarizing the discussion of the latest Ethereum Executive Layer Core Developer Conference (ACDE), including the impact analysis of EIP 6466 and 6406; the progress of Cancun/Deneb testing; the BuilderOverrideFlag (build or override flag) into the engine API; and the two ring buffers included in the EIP 4788 specification.

The first is the EIP-6466 and 6406 code changes, which update the data encoding in the two block header fields transactions_root and receipts_root from RLP to SSZ. The analysis found that the SSZ update will affect three main projects: LayerZero, zkBridge, and Telepathy. Although the applications were affected, Dedaub director Neville Grech said all three applications could be upgraded to accommodate the code changes implemented through EIP 6466 and 6406.

Secondly, regarding the Cancun/Deneb test, the Cancun/Deneb upgrade has been launched on June 30, and the test network is being successfully completed to discover some problems in the client implementation. Parithosh Jayanthi, a DevOps engineer at the Ethereum Foundation, said that once the client team fixes the outstanding issues, they will try to send blob transactions to the network for a longer period of time to see how the network handles the load of 3 target blobs/blocks (from 2 blob target increase) /block during the last testnet.

Finally regarding the BuilderOverrideFlag, Teku (CL) developer Mikhail Kalinin asked the EL customer team if they would be willing to accept the engine API changes in the Cancun upgrade. The change aims to create a boolean flag in the get_payload API command that will return true if the EL client of an Ethereum validator node detects censorship. Additionally, EIP-4788 introduces a new precompilation, a cost-effective smart contract operation that will expose information about CL on EL to prevent excessive use of storage space through code changes.

Important data

Data: The number of spot trading pairs supported by major crypto exchanges is on the decline

The number of spot pairs on major cryptocurrency exchanges has declined this year, according to The Block. Monthly spot trading pairs on the largest exchange, Binance, fell to 1,380 in July from 1,420 in January. The number of monthly spot pairs on Binance US dropped from 337 in June to 184 in July. Spot trading pairs supported by Coinbase dropped from 557 in March to 524 in July. Kraken’s spot trading pairs also dropped from 668 pairs in February to 651 pairs in July. After the U.S. Securities and Exchange Commission (SEC) sued Coinbase and Binance in early June, the exchange has stopped supporting several trading pairs.

Data: Circle USDC circulation decreased by $400 million in the past week

According to official data, in the past 7 days, Circle issued a total of USD 800 million USDC, redeemed USD 1.3 billion USDC, and the circulation decreased by USD 400 million. As of June 29, the total circulation of USDC was $27.5 billion, and the reserve was $27.6 billion, of which $2.8 billion was cash and $24.8 billion was held by the Circle Reserve Fund.

Data: The market capitalization of XRP in the second quarter decreased by 10.7% quarter-on-quarter, and the average daily trading volume and number of active addresses decreased by 11.9% and 17.6% quarter-on-quarter respectively

Messari released the XRP Ledger Q2 2023 report. The report shows that the market value of XRP in the second quarter fell to US$24.8 billion, a 10.7% quarter-on-quarter decrease; the average daily NFT transaction volume increased by 12.7% quarter-on-quarter, from 13,800 to 15,500. The average daily transaction volume decreased by 11.9% month-on-month, from 1.32 million to 1.16 million; the average daily active address volume decreased by 17.6% month-on-month, from 66,000 to 54,000.

Report: The number of monthly active developers is 21,300, the largest number of developers in the Cosmos ecosystem

Electric Capital’s developer report shows that as of June 1, there were 21,300 monthly active developers, a 22% year-over-year decrease. The number of developers of Osmosis, Sui, Aptos, Ton, Optimism, and Aztec Protocol has increased year-on-year, and the highest growth rates are Aztec protocol (267%), Sui (159%), and TON (102%). Compared with June last year, the blockchains with the most developers are Cosmos (1684), Starknet (407), and Optimism (269).

The 2023 World Artificial Intelligence Conference promotes the signing of 32 industrial projects with an investment of 28.8 billion yuan

The 2023 World Artificial Intelligence Conference with the theme of "Intelligently Connected World Creates the Future" closed in Shanghai on the afternoon of the 8th. Wu Jincheng, director of the Shanghai Economic and Information Commission, said at the closing ceremony that the conference has connected 210 upstream and downstream enterprises and reached 11 billion yuan. Intended purchase amount, promote the signing of 32 major industrial projects, with a total project investment of 28.8 billion yuan. At the closing ceremony, Zhang Ying, deputy director of the Shanghai Economic and Information Commission, introduced the main points of Shanghai's upcoming large-scale model innovation development policy, focusing on creating "three project plan + five major platforms". It is reported that Shanghai has held six consecutive World Artificial Intelligence Conferences.

Data: Since June 17, addresses holding 100,000 to 10,000 BTCs have accumulatively increased their holdings of 71,000 BTCs, worth about $2.15 billion

On-chain analytics firm Santiment tweeted that Bitcoin’s shark and whale addresses aren’t showing any signs of slowing down, even as prices start to get “boring” in the $30,000-$31,000 range. Since June 17, addresses holding 100,000 to 10,000 bitcoins have accumulatively increased their holdings by 71,000 bitcoins, worth about $2.15 billion.

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