An international bank has launched cryptocurrency asset trading services, integrating multiple resources to meet the needs of institutional clients, and introducing token products settled in Ethereum. Analysts point out that this move indicates that digital money is gradually being recognized by the mainstream, but market risks still need to be followed, suggesting that financial institutions and ordinary investors remain cautious.

Thoughts and Challenges on the Security of Cross-Chain Protocols
Cross-chain protocols play a key role in the Web3 ecosystem, but their security issues have been a major concern. In recent years, losses caused by cross-chain protocols have ranked first among various security incidents, and their importance even surpasses Ethereum's scaling solutions. Cross-chain interoperability is an inherent demand for the development of the Web3 ecosystem, but the public's awareness of the security levels of these protocols remains insufficient.
Some cross-chain solutions adopt a simplified architectural design, replacing the traditional multi-node verification with a single verification mechanism. While this enhances user experience, it significantly reduces security. This design relies on the independence assumption of relayers and oracles, which is difficult to maintain in the long term. As an "ultra-light" cross-chain solution, it is only responsible for message transmission and cannot guarantee application security.
Increasing the number of relayers does not fundamentally solve the security problem. Relayers are essentially still trusted third parties, and increasing their number does not change this.

The cryptocurrency project supported by Facebook has been renamed "Diem" to highlight its independence and obtain regulatory approval. The renaming plan is led by the Diem Association, headquartered in Geneva, and the association's CEO, Stuart Levy, stated that this move aims to emphasize the simplification and improvement of the project's structure.
"Diem" means "day" in Latin, reflecting the new direction of the project. Currently, the main goal of the project is to launch a digital currency supported solely by the US dollar. Although there is great interest from the outside world regarding the specific launch date of the project, Stewart remains cautious and has not disclosed a specific date.
Some media reports indicate that the project may be launched as early as January next year. However, this timeline still depends on the approval of Swiss market regulators. The project team is actively communicating with regulatory authorities to ensure compliance and feasibility.
This renaming reflects the project's strategy in facing regulatory challenges and public skepticism.

According to the data, the Ethereum 2.0 staking contract is nearing completion of its initial goal. As of now, the amount of ETH deposited in the contract has reached 498,048, which accounts for 96% of the minimum 524,288 ETH required to launch the Ethereum 2.0 Genesis Block.
This progress marks the steady advancement of the Ethereum 2.0 deployment. According to previously disclosed information, the expected release date for Ethereum 2.0 is December 1, 2020. This timeline has been confirmed in the project's Github code files.
As the staking contract approaches its goal, the community is paying close attention to the upcoming major upgrade of the Ethereum network. This upgrade is expected to bring significant performance improvements and new features to Ethereum, further promoting its development in the field of blockchain technology.

SEC approves Ethereum ETF application, crypto market sees a major breakthrough
In the context of the market generally expecting a delay or rejection, the U.S. Securities and Exchange Commission (SEC) officially approved the application for the Ethereum ETF at 5 AM Beijing time on May 24. This decision marks a key step in the listing process of the Ethereum spot ETF, representing a milestone moment for ETH, the second largest encryption currency, and also signifies an important juncture for the integration of the crypto market into traditional finance.
Specifically, the SEC approved the 19 b-4 forms for Ethereum spot ETFs, which include several well-known institutions. However, ETF issuers must wait for their S-1 registration statements to become effective before they can officially begin trading. The SEC has just started discussions with issuers regarding the S-1 forms, and this process may require multiple revisions, with the exact duration still unclear. Some analysts speculate that it may take several weeks. It is worth noting that

Hyperliquid partners with Phantom to enter the Solana ecosystem, starting a new round of competition among trading platforms.
Hyperliquid officially enters the Solana ecosystem, providing liquidity support through collaboration with the Phantom wallet. This move is not just a simple multi-chain deployment, but more like building an on-chain version of Binance, becoming the ultimate source and destination of liquidity for various protocols and applications, establishing itself as a true on-chain infrastructure with ultra-high liquidity.
To fully understand Hyperliquid, it is necessary to compare it with spot DEXs, contract DEXs, and centralized exchanges:
- Compared to spot DEX, Hyperliquid focuses on contract trading, and its main challenge is attracting concentrated liquidity.
- Compared to contract DEXs like dYdX and GMX, Hyperliquid adopts a more refined operational model.

[Coin World] According to reports, a certain trading platform has expanded the scale of its IPO, with a current target valuation of up to 4.82 billion USD.