Block CEO Jack Dorsey has changed his Twitter bio to “Bitcoin.”

Dorsey, who has been a major supporter and evangelist of Bitcoin, previously reported that he did not pay attention to Bitcoin’s price rise or fall, as he was sure BTC would gain adoption and value over the long term.

In early April, Dorsey-owned company Block (formerly Square) teamed up with Blockstream to mine bitcoin in Texas using equipment provided by Tesla.

According to the announcement of IOHK, the parent company of Cardano, Project Catalyst Fund 9 is expected to be launched on June 1. This year’s Project Catalyst Fund 9 will submit more than 1,000 proposals, and IOHK will spend about $16 million worth of ADA for ecosystem rewards. are encouraging the development of the Cardano network.

According to the network growth data released by IOHK, there are 943 projects under construction on Cardano so far, a total of 85 projects have been launched on Cardano recently, and the number of NFT projects has risen to 5,656.

Additionally, the Vasil hard fork is scheduled for June 29 and is expected to bring major improvements to Cardano and its smart contract platform Plutus.

Electric Coin, the Zcash development team, announced on social media that the team has initiated research on the initial stages of the proof-of-stake PoS transition.

Including wallet user experience and security, cross-chain interoperability, proof-of-stake security, maintaining ZEC supply caps, on-chain governance, reducing protocol complexity, etc., aims to determine whether ZCash can transition to a proof-of-stake network, thereby transforming ZCash ( ZEC) at the forefront of Web3.

STEPN officially stated to the community that by locking part of the GMT on the Solana chain, the GMT on the BNB Chain (BEP20-GMT) will be increased by the same amount, and it will not lead to GMT inflation.

Binance Bridge has been notified to provide Solana on-chain GMT lock addresses for public scrutiny.

South Korea’s Financial Services Commission (FSC) has asked exchanges to strengthen inspections of stablecoins to prevent the Luna incident from happening again.

Currently listed on the four exchanges of Upbit, Bithumb, Coinone, and Korbit, TRON, which is related to the algorithmic stable currency, has just launched USDD that imitates UST.

According to the data on the Dune chain, MovetoEarn used STEPN to create 9,249 pairs of shoes in the past 24 hours and 63,952 pairs of shoes in the past 7 days.

The number of active users in the past 24 hours was 22,545, and the number of active users in the past 7 days was 139,652.

Azuki officially posted on social media that Azuki will airdrop a special NFT for each Azuki NFT holder, which can be used to redeem the limited-edition Azuki Twin Tigers physical jacket.

Zhu Xiaohu, managing partner of Jinsha River Ventures, bought the BSC running shoes of the Move To Earn game StepN. He wrote, “The user experience of Web3 is still too bad. After a busy day, I finally bought the BSC shoes, and I will try running to make money tomorrow.”

Ethereum miner revenue just hit a 10-month low of $1,089,918.81, according to Glassnode data.

The previous 10-month low was observed on July 21, 2021, at $1,093,230.25.

Venture capitalist Tim Draper said in an interview that Bitcoin’s importance in the downside that cryptocurrencies and traditional markets are experiencing has to do with its inflation-hedging properties.

“I’m still bullish on bitcoin because it’s a good hedge against inflation, and it’s going to diverge from tech stocks as speculators leave,” he said. “I believe tech stocks will continue to fall as long as interest rates continue to rise.”

Draper sees Bitcoin as a hedge against inflation, a property that only appreciates in the long term. In addition, he said, Bitcoin offers a safe haven against poor governance and excessive regulation.