Ethereum releases emergency update, Sepolia testnet gas limit raised to 200 million

Polymarket has filed a lawsuit with The Hague Court, requesting the revocation of the ban imposed by the Dutch Gaming Authority and the restoration of market access. The Dutch Gaming Authority identified Polymarket as an unlicensed gambling platform in February and ordered it to cease its services, with a fine of 420000 euros imposed for exceeding the deadline. Polymarket has argued to the court that its event contracts are close to financial products such as futures and should be regulated by the Financial Market Authority. (Source: Financial Daily)

Better Markets stated that the CFTC is not the appropriate institution to regulate retail cryptocurrency trading, and the investor protection under its proposed cryptocurrency regulatory framework is weaker than the SEC regulatory model. The CFTC proposes to solicit public opinions on the regulatory framework for some retail cryptocurrency trading, involving margin, leverage, or financing based cryptocurrency asset trading, and considers including eligible cryptocurrency trading platforms within the scope of CFTC regulation. (Source: Reuters)

Better Markets states that, Commodity Futures Trading Commission（CFTC） Lack of investor protection responsibilities makes it unsuitable as the primary regulatory agency for retail cryptocurrency trading. Benjamin Schiffrin pointed out that the CFTC's statutory authority is used to address fraud in leveraged precious metal trading, and the proposed framework may allow for the formation of market participant associations that have contributed to the collapse of FTX. The CFTC has solicited public opinions on the framework for margin, leverage, or financing retail cryptocurrency trading.

A trader has been continuously buying MEME tokens for the past month, investing approximately $1.22 million to purchase 30.65 million MEMEs. Currently, the position has a floating loss of approximately $708000. The trader continued to buy MEMEs 10 hours ago.

A certain address spent $1.22 million in the past month to buy 30.65 million MEMEs, becoming the largest holder of MEMEs. Currently, the address is losing $708000, a loss of 58%, and was still buying 10 hours ago.