Australia's Reserve Bank interest rate decision until July 8

Grayscale’s Strategic Ethereum Trust Retraction Filing Raises Questions Per a filing with the U.S. Securities and Exchange Commission (SEC), Grayscale has withdrawn its 19b-4 filing for listing and trading its ether trust, known as ETHE. This development unfolds at a juncture when the general consensus among the community is that the prospects of the SEC greenlighting an ETH-based ETF are fairly low. Analysts and prediction markets have assigned a minimal probability to the SEC’s approval, with some even suggesting the likelihood is nil. After the withdrawal, James Seyffart, an ETF analyst at Bloomberg, addressed the retraction in a post on the social media platform X. “This is interesting,” Seyffart said. “Grayscale just withdrew their 19b-4 filing for an ethereum futures ETF. This was essentially a trojan horse filing in my view, in order to create the same circumstances that allowed Grayscale to win the GBTC lawsuit (approve futures deny spot)” [I don’t know] why they’d do this honestly. In my mind might as well make the SEC write up an approval or denial for an ETH futures ETF and go from there? Maybe the SEC spoke with Grayscale about this… And whatever was said convinced Grayscale to withdraw? (This is a complete guess). While the reasons behind the decision remain unclear, speculation persists and the likelihood of approval has diminished further. As the crypto community ponders the implications, this withdrawal could mark a complete recalibration of expectations regarding ethereum-based, physically-settled ETFs.#BTC##HotTopicDiscussion##GateioBountyCreator#

About the performance of the Ethereum Virtual Machine (EVM) Every operation on the Ethereum mainnet costs a certain amount of Gas. If we put all the calculations required to run the basic application on the chain, either the app will crash or the user will go bankrupt. This gave birth to L2: OPRU introduces a collator to bundle a bunch of transactions before committing to mainnet. This not only helps the app to undertake the security of Ethereum, but also gives users a better experience. Users can submit transactions faster, and fees are cheaper. While operations have become cheaper, it still uses the native EVM as the execution layer. Similar to ZK Rollups, Scroll, Polygon zkEVM uses or will use EVM-based zk circuits, and zk Proof will generate...

Privacy technology faces challenges in the Web3 era, Privacy Coins are facing delisting, and project development capabilities are insufficient. Proton builds an ecosystem with privacy as a feature, providing suitable alternative options. Many emerging projects are keen on tokenization, neglecting product development and facing competitive pressure. In the future, the value of privacy products still needs to be proven through practical applications.

Research on the Liquidity Fragmentation Issue in the Era of Layer 2 Introduction With Ethereum shifting towards Layer 2-centric scaling solutions and the rise of related tools, a large number of public chains are rapidly developing. Many entities hope to build their own chains to represent different interests and seek higher valuations. However, the emergence of numerous public chains has made it difficult for the ecosystem's development to keep pace with the public chains, leading to many projects facing difficulties early on. Nowadays, the funding and technical barriers to building a chain have been significantly lowered, with the cost of operating a chain based on certain tech stacks being around $10,000 per month. The future will certainly be an era of multi-chain coexistence. Although these Layer 2 chains may choose EVM compatibility for interoperability, due to the large number of downstream applications behind them, it is difficult for them to build applications and reach consensus on the same chain. The current multi-chain ecosystem brings

The article discusses the development and challenges of blockchain and privacy technology in the Web3 era, pointing out the dilemmas of privacy products in the market and their inadequate practical applications. Taking Proton as an example, it showcases successful practices based on privacy technology, while projects like Skiff and Nillion face unclear market fit in their tokenization attempts. Finally, it emphasizes that the prospects of Web3 privacy economics remain uncertain.