Rhythm Evening News｜A list of important information on May 21

Cross-chain interoperability protocol deBridge launches its governance token DBR

According to The Block, the cross-chain interoperability protocol deBridge announced the launch of its governance token DBR with a total supply of 10 billion. deBridge's token distribution plan allocates 20% of the supply to Launch and its community, and the circulating supply of DBR at the time of issuance is 1.8 billion.

Of the remaining supply, 26% is allocated to ecosystem support, 20% to core contributors, 17% to strategic partners, 15% to the deBridge Foundation, and 2% to validators. deBridge token holders will be able to stake their DBR tokens to participate in governance voting on DAO protocol parameters, including the election of active validators, setting minimum consensus thresholds, and the deployment and upgradeability of smart contracts.

In addition, the third round of voting for Jupiter LFG will begin at 1 a.m. Beijing time on May 23. The Jupiter LFG launchpad vote asks the Jupiter community to decide whether deBridge will use the platform as a crowdfunding venue for DBR through a Jupiter-based liquidity pool. If deBridge wins the vote, it will have three months to launch on LFG.

Lido discloses security incident of Ethereum node operator Numic, no user funds affected

Lido released a disclosure about the security incident of Ethereum node operator Numic. On May 14, Lido DAO contributors learned of a security vulnerability that affected active node operators using Lido on the Ethereum protocol (Numic).

The security breach occurred a few days ago and affected a developer machine that had access to a backup of the mainnet validator’s encrypted key material. It is unclear whether the encrypted key material was accessed, copied, or otherwise manipulated, or whether decryption material for that data was discovered, or whether the encryption was broken.

In response to the recognition that the encrypted backups may have been accessed, and for security reasons, the node operators have decided to: set the depositable keys associated with the Lido protocol to zero to prevent them from receiving any further deposits; and perform a voluntary retirement of all potentially affected keys in a staggered manner over the next few days.

As of a few hours ago, all operators' validators have exited (and fully withdrawn). The incident did not affect the operation of the validators, nor did it affect user funds.

Fidelity submits an updated version of its spot Ethereum ETF S-1 application

According to market news, Fidelity submitted an updated version of its spot Ethereum ETF S-1 application. It stated that the trust fund's Ethereum "will not be pledged."

Kryptanium Capital co-founder: If the Ethereum ETF is approved, the best trading strategy is "buy SOL/ETH"

Kryptanium Capital co-founder Daniel Yan posted on social media, "If the Ethereum ETF is approved within two days, the mainstream trading strategy is "buy ETH". There is really no way to refute this, but please note that ETH has risen almost 20% in the past 24 hours. In addition, Bitcoin fell 15% in the weeks after its ETF was approved on January 10. I think the best trading strategy is "buy SOL/ETH." "The reasons are as follows:

· SOL will likely be the next token after the ETH ETF is approved.

· ETH/BTC rose 12% in the week after BTC was approved, as expected from an ETH ETF.

· The strategy has low market participation and is not a popular trade.

Bitget Appoints Gracy Chen as CEO

Bitget has appointed Gracy Chen as Chief Executive Officer (CEO), effective in May this year, and former CEO Sandra Lou will leave the company to focus on her personal career. Gracy has more than 10 years of management, marketing and investment experience and joined Bitget as Managing Director in 2022. During her tenure, she and the management team led Bitget to advance its globalization strategy, sign celebrities such as Messi, build an international alliance network, increase Bitget's user base by 4 times, and rank among the top five in the world in terms of total trading volume and comprehensive strength.

Aethir will issue airdrops for Mad Lads holders

Aethir tweeted that it will issue airdrops for Mad Lads holders.

Users can visit the Aethir cloud investment platform and connect to the SOL wallet for inquiries. If you hold Mad Lads NFT, you can receive the badge.

Vitalik: Personally, I think all rollups will be ZK in 10 years

Ethereum co-founder Vitalik Buterin said on social media that he personally believes that all rollups will be ZK in 10 years, and each slot will submit blocks with final state roots to L1. A lot of infrastructure and prover optimization is needed to achieve this goal, but this is obviously the ultimate goal.

DeBank launches Credit feature to measure the authenticity, activity and value of Web3 users

According to official news, DeBank launched a new feature called "Credit" to measure the authenticity, activity and value of Web3 users.

It is reported that Credit is scored through five dimensions: identity authentication, asset proof, DeBank behavior, user relationship, and negative behavior. The higher the total score, the better the user's credit record, and the higher the authenticity, value, and activity.

Ethereum's market value exceeds Mastercard and LVMH, and its global asset market value ranking rises to 26th

According to Infinite Market Cap data, Ethereum's current market value is 443 billion US dollars, surpassing the market value of companies such as Mastercard and LVMH, and ranks 26th in the global asset market value ranking.

Another Ethereum Foundation researcher announced that he will serve as an advisor to EigenLayer, focusing on risk and decentralization

Dankrad Feist, a researcher at the Ethereum Foundation, tweeted that he recently decided to become an advisor to EigenLayer with Justin Drake, with the same conditions, and joined in a personal capacity, not representing the Ethereum Foundation, focusing on risk and decentralization. He said that he did receive a large number of tokens from EigenLayer, but did not think that this would change or affect his position on the way the core protocol is developed.

He believes that if Eigenlayer is developed by someone with a high degree of integrity, it will bring huge benefits to Ethereum. He believes that the current leaders intend to do so and intend to hold them accountable for it. If he thinks that this is no longer the case, he will not hesitate to speak out and/or resign.

Previously, Justin Drake, a core researcher at the Ethereum Foundation, tweeted that he recently became an advisor to the Eigen Foundation. However, if the development direction of EigenLayer is contrary to the interests of Ethereum, he will be ready to terminate his advisory position at any time and promise to reinvest all advisory income into valuable projects within the Ethereum ecosystem, whether it is investment or donation.

Galaxy Research Director: SEC may recognize that ETH itself is not a security, but pledged ETH is a security

Alex Thorn, head of research at Galaxy Digital, said on the X platform that if the speculation about the SEC's 180-degree turn on the Ethereum ETF is true, they may try to find a balance between the following two: "ETH" itself is not a security, while "pledged ETH" (or more far-fetchedly, "pledged ETH as a service") is a security.

This is roughly consistent with their various lawsuits and reports on the investigation, and may allow the SEC to approve the Ethereum ETF while maintaining the views they have previously stated and argued. “In this case, the SEC may prohibit ETFs from pledging their ETH holdings.”

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