News

CME Group plans to launch Bitcoin volatility futures on June 1, and is currently awaiting regulatory approval. This will provide investors with a way to bet on the magnitude of price fluctuations.

An Ethereum OG, after 3 years of inactivity, transferred 52,200 ETH (worth $121 million) to a new wallet 4 hours ago. This address withdrew 42,600 ETH from an exchange 6 years ago, which was worth approximately $10.5 million at that time, with each ETH priced at $246. (Lookonchain)

Jinse Finance reported that on May 9, following the Kelp security incident, Tether's asset interoperability protocol USDT0 disclosed details of its protocol security architecture. It stated that the current system uses a proprietary DVN (Decentralized Verification Network) with the power to veto messages. Additionally, it requires three independent validators based on different codebases to reach a 3/3 unanimous consensus before cross-chain messages can be settled. The current validator nodes include USDT0's proprietary DVN, LayerZero, and Canary. There are future plans to expand to a 4/4 and 5/5 validation mechanism. USDT0 also indicated that all multi-signature transactions must undergo multiple reviews by internal teams, external security teams, and auditing institutions before the signing is submitted. The relevant contracts have been audited by institutions such as Guardian and OpenZeppelin, with a $6 million bug bounty program launched on Immunefi.