1. A long look at the long road to killing each other Ripple and the SEC have been entangled for several years

U.S. Federal Judge Analisa Torres ruled last night that Ripple Labs Inc.'s sale of XRP tokens on public exchanges and through algorithms did not violate federal securities laws. As soon as the news came out, XRP rose surprisingly, and even the entire encryption market was on the rise. However, Ripple did not win the final victory as the judge also ruled in favor of the Securities and Exchange Commission (SEC). Analisa Torres believes that Ripple’s sale of $728.9 million in XRP directly to institutional investors amounted to an unregistered securities sale that violated federal securities laws. The SEC also made its point: satisfied with some of the rulings, but still weighing the court’s final decision. The Ripple lawsuit is still unresolved after several years. Jinse Finance sorts out the process of the Ripple lawsuit and takes you back to the twists and turns of the Ripple lawsuit over the past few years. click to read

2.Multichain announcement: Multichain assets were transferred away by a Kunming IP and CEO sister

Since July 7, assets on the cross-chain protocol Multichain have been transferred out twice, totaling as much as $265 million. After the accident, the community generally suspected that it was the behavior of insiders. On July 14, the Multichain team issued an event announcement. On July 7, the user’s assets locked on the MPC address were abnormally transferred to an unknown address. EOA address. But at present, Zhaojun’s sister was taken away by the police and lost contact, and the team was forced to stop operating Multichain. click to read

3. 10 basic facts of the US SEC v. Ripple case and how the judge decided

Nearly three years after the U.S. SEC sued Ripple’s token XRP, the securities case finally has some results. However, judging from the judgment of the judge, Whether the Ripple token XRP is a security is still in a “Schrödinger” state.

On July 13, 2023, Judge Analisa Torres of the U.S. District Court for the Southern District of New York made a summary judgment on the SEC v. Ripple case. In the judge’s judgment, part of the Ripple token XRP was identified as a security, and part was determined not to be a security . click to read

4. Encryption geek seminar and Web3 winter guide sharing

We are very honored to invite many heavyweight guests to this seminar—senior technical experts and founders who are committed to solving the immediate needs of the industry, and had a face-to-face communication with us. The guests discussed how to ensure the safety of funds and prevent hacker attacks; where can developers obtain cloud-based API services; how to find efficient and reliable RPC services that meet their own needs; and scalable cross-chain interaction based on MPC, ZKP and TEE A series of issues such as what is the operating agreement were shared. click to read

5. Cancun upgrade: another milestone after Shanghai

Cancun-Deneb (Dencun, hereinafter referred to as Cancun upgrade) is an important upgrade of the Ethereum blockchain, which will improve the scalability, security and availability of the Ethereum network.

Cancun is an additional upgrade of the Ethereum execution layer based on the Shanghai upgrade. The first step has been completed in the Shanghai upgrade on April 12 this year, while Deneb represents the upgrade of the Ethereum consensus layer. The upgrade includes the highly anticipated EIP-4844, also known as Proto-DankSharding, which will lay an important foundation for the implementation of comprehensive DankSharding. click to read