Jinse Weekly is a column launched by Jinse Finance that provides a weekly summary of the blockchain industry, covering key news, mining information, project updates, and technological advancements. This article is part of the news weekly, taking you through the major blockchain events of the week.
Headline
▌Sui Official: Supporting Cetus in Recovering Stolen Funds, Prioritizing Community Protection
Sui officials stated that they support Cetus Protocol's efforts to recover stolen funds, encouraging users with relevant information to provide clues. Their priority remains protecting the community and supporting the positive resolution of the theft. Previously, the Sui ecosystem's liquidity platform Cetus, with support from Inca Digital and funding from the Sui Foundation, offered a $5 million reward for information about the hackers.
▌CZ Denies Being a "Middleman" for Trump Family's Crypto Project WLFI
CZ responded on social media to a negative Wall Street Journal report, strongly denying allegations that he acted as a "middleman" for the Trump family's crypto project World Liberty Financial. Regarding the WSJ's claims that he "provided introductions for WLFI's overseas travel" and "connected Mr. Saqib with the WLFI team", CZ explicitly clarified that he is not a "middleman" for anyone, did not introduce any overseas travel for WLFI, and did not connect any individuals with the WLFI team. He emphasized that he first met Mr. Saqib in Pakistan, and that this person already had connections with the WLFI team. CZ believes that certain forces in the US are trying to hinder efforts to make the US a crypto capital by attacking cryptocurrencies, global crypto leaders, and crypto-supportive governments.
▌Forbes: Trump May Violate Federal Law by Using Presidential Seal at Meme Coin Dinner
According to Forbes, US President Trump used the presidential seal podium at a private dinner for TRUMP meme coin holders, potentially violating Title 18, Section 713 of the US Code. This law prohibits using the presidential seal in a way that implies government endorsement, with violations punishable by up to 6 months in prison or a fine. Legal experts note that the presidential seal is only meant for official occasions, and previous presidents like Obama and Biden have never used the insignia in private commercial activities. The White House has not yet responded to media inquiries about the seal's legality.
▌New Energy Vehicle Retailer JZXN Announces Plan to Acquire 1,000 Bitcoins Within a Year
Jiuzi Holdings, Inc. (NASDAQ ticker: JZXN), a Chinese new energy vehicle retailer, has officially approved a major strategic decision: the company will acquire 1,000 bitcoins within the next year through a dual-track approach of additional stock issuance and cash purchases. The company primarily operates new energy vehicle franchising and retail business, currently collaborating with over 20 electric vehicle and battery manufacturers, selling new energy vehicles in third and fourth-tier Chinese cities.
▌Bitcoin Price on Coinbase Reaches All-Time High
Market data shows that the Bitcoin price on Coinbase briefly touched $109,500, creating a new all-time high (previous high was $109,358). Note: The previous high price was on January 20th this year, with different platforms showing varying peak prices, including one platform reaching $109,900.
(The translation continues in the same manner for the rest of the text)▌Cetus Releases Community Update: Aggregator Service Restored, Simulating Different Fund Recovery Plans
Cetus, which was hacked and lost $223 million, released a community update, mainly disclosing: 1. The affected funds consist of two parts: one part within Sui, and another part mainly bridged to the ecosystem outside in ETH. 2. Data recovery for the Cetus protocol is actively ongoing, expected to take dozens of hours. 3. Aggregator service has been restored, supporting exchanges through partners like Phantom and Binance Alpha, with Cetus CLMM pools confirmed unaffected in this incident to resume operation after precise position data is fully recovered. 4. Actively discussing key recovery details with Sui Foundation and other community members. 5. Simultaneously advancing two directions: (1) resolving issues quickly through white hat negotiations; (2) actively collecting clues and evidence to recover funds through legal channels. 6. Simulating different recovery plans and designing technically feasible fund recovery and compensation schemes. 7. Proposed protocol upgrade through PoS voting to unlock and return most stolen funds currently frozen in the attacker's Sui wallet.
▌Worldcoin Receives $135 Million Investment from a16z and Bain Capital for Network Expansion
According to the official blog, to meet the growing market demand for Orb World ID verification and support World network expansion in the US and globally, World Assets Ltd., a subsidiary of the World Foundation, has sold WLD tokens worth $135 million at market price to early project supporters Andreessen Horowitz (a16z) and Bain Capital Crypto. The circulating supply of WLD has correspondingly increased.
[The rest of the translation follows the same professional and accurate approach, maintaining the specified translations for specific terms.]
