NoMoreRugs

ME News Report, May 16 (UTC+8), on July 3, 2025, Ethereum co-founder Vitalik Buterin stated in a speech at EthCC that many Layer 2 projects claiming to be built on-chain have backdoors that can be triggered at any time or lack decentralization. He believes that the architecture of these projects is not much different from traditional centralized servers. He pointed out that if developers cannot ensure complete decentralization of the project, directly using centralized servers might be more practical. (Source: MLion)

Trump stated in BlockBeats news: Iran must permanently abandon nuclear weapons, the Strait of Hormuz should be immediately open, tolls canceled, two-way traffic allowed, mine clearance completed, and remaining mines removed or detonated by Iran. Ships stranded due to the U.S. "maritime blockade" can now return. The enriched nuclear materials buried after the airstrike 11 months ago will be excavated and destroyed collaboratively by the U.S., Iran, and the IAEA. Funds will not be paid for now, and other issues have reached a consensus; a final decision will be made in the war room.

CryptoWorld News: The French Foreign Minister said that the Russian ambassador was summoned on Friday to discuss the Russian drone incident in Romania.

Mars Finance News: American real estate investment firm Cardone Capital CEO and billionaire Grant Cardone posted on X platform 10 hours ago, stating: "Cardone Capital increased its holdings by 130 Bitcoin during the pullback."

The Senate Banking Committee passed the CLARITY Act by a vote of 15 to 9, which will be merged with the House Agriculture Committee version and then sent to the full chamber for a vote. Final approval still requires negotiations on ethical provisions to prevent cryptocurrencies and DeFi from being used for financial crimes and to address government officials' involvement in the crypto industry. The Digital Chamber of Commerce expects to reach an agreement on the ethical provisions before submitting it for a full vote. The bill needs to be passed by August to avoid delays caused by summer recess and midterm elections.

CryptoWorld News reports that Wu has learned that Ethereum core developer dankrad feist tweeted that the way to save Ethereum is for the community to create an organization that is consistent with Ethereum's economy and responsible for it. He stated that the Ethereum Foundation (EF) currently holds less than 0.1% of the total ETH, and there are no Ethereum staking or fee income streams. If Ethereum is to regain its advantage, a trustable funding source organization with an initial capital of at least 1 billion US dollars should be created, capable and willing leaders should be appointed to compete, and a board of directors and accountability charter composed of people hoping for ETH to rise should be established. Additionally, permanent funding support should be provided through substantial staking income, and a governance mechanism with adjustable fund allocation should be built. He said this is currently hard to imagine, but he believes it is the only way, and it may eventually happen, but reaching consensus or it may take a long time.

Crypto news, OnchainLens reports that whales are accumulating Bitcoin, with two newly created wallets (bc1qn and bc1q0) each receiving 500 BTC (approximately $38.84 million) and 809 BTC (approximately $62.74 million), respectively. Currently, these two wallets hold a total of 1,583.6 BTC, worth about $124.42 million.

According to CNN, Iran has resumed some drone production after a six-week ceasefire in early April, with reconstruction progressing faster than initial estimates, and has restored missile positions, launch devices, and other key capabilities. If Trump restarts bombing, Iran will still threaten regional allies and question the long-term effectiveness of U.S.-Israel strikes. A U.S. official said that the reconstruction times for various components vary, with full drone attack capabilities potentially restored within six months, surpassing the intelligence community's original timetable.

According to Lookonchain monitoring, on May 21, the BTC OG insider whale deposited the final 30 million USDC into Hyperliquid.
The whale's current buying actions include: placing limit orders to buy HYPE, planning to purchase a total of $11.5 million worth of HYPE within the $49.725–$52.36 range (currently holding $24.8 million in spot); going long on BTC, currently holding 504.4 units of 5x BTC long positions, valued at $38.95 million, with an unrealized loss of $85k.

CryptoWorld News: A Pakistani senator stated in an interview with the media that negotiations between Iran and Pakistan, as well as between Pakistan and the United States, are still ongoing. Pakistan is making every effort to bring all parties back to the negotiating table, reduce disagreements, reach an agreement, and end the war. He also said that US-Iran negotiations are moving in the right direction, progress has been made in talks between Iran and the US, and he is optimistic about this.

ME News Report, May 23 (UTC+8), according to CoinMarketCap market data, BNB dropped below $650, currently priced at $649.9, with a 24-hour decline of 1.3%. (Source: CoinMarketCap)

CryptoWorld News reports that, according to Whale Alert data, an unknown wallet has just transferred in 200,000,089 USDT, which is approximately $199.81 million based on the current price.