Tokenized Real World Assets (RWA) platform Ondo Finance is expanding from the Ethereum mainnet to the Polygon network. The platform has issued OUSG tokens, a tokenized version of BlackRock’s short-term U.S. government bond exchange-traded fund, natively on Polygon as part of a “strategic alliance.” The firm also plans to bring its upcoming tokenized money market fund OMMF, as well as Flux Finance, a decentralized lending marketplace developed by Ondo (pending governance approval), to Polygon.

The bankruptcy claim exchange OPNX tweeted that it will replace all FLEX with OX at a conversion rate of 1:100 on July 18. In addition, if the user chooses to exchange for OX pledged for 3 months, he can get a preferential conversion rate of 1:125.

The total stored value (TVB) of zkSync cross-chain bridge has exceeded 1 million ETH, and currently stands at 1,001,896 ETH. The total number of cross-chain bridge addresses is 1,780,975. In addition, the current Arbitrum TVB is 2,654,917 ETH, Optimism TVB is 558,882 ETH, and Starknet TVB is 113,434 ETH.

Crypto exchange Binance has laid off more than 1,000 jobs globally in recent weeks due to legal probes by the U.S. Securities and Exchange Commission (SEC) and other regulatory challenges, the Wall Street Journal reported, citing a source. More than a third of Binance's employees, totaling around 8,000 before layoffs, could end up being affected by the layoffs, the sources said. A spokesperson for Binance confirmed the layoffs to The Wall Street Journal, but did not disclose the number. "As we prepare for the next major bull market cycle, it's clear we need to focus on talent density across the organization to ensure we remain agile and dynamic," the spokesperson said.

Former SEC Internet Enforcement Officer John Reed Stark tweeted: “There are a number of indications that DOJ will file or has filed under seal criminal indictments related to Binance. Money laundering involves disguising financial assets, in order to use these assets without uncovering the illicit activity that generated them. To me, the CFTC and SEC charges look more like criminal indictments, replete with allegations of fraud, deception, obstruction of justice, and money laundering.”

Cybersecurity firm Unciphered claims it was able to hack into hardware-encrypted wallets powered by Trezor T models. In a YouTube demo, Unciphered showed exploiting the wallet exploit to extract the mnemonic private key from the wallet, saying the attack is only feasible if the attacker has physical access to the hardware wallet. Unciphered believes that fixing this bug in the Trezor Model T would require a recall of all of their products.

According to China Shipping Weekly, in a maritime freight forwarding contract dispute case, the collegial panel referred to the "Guidelines for the Examination of Blockchain Evidence of the Shanghai Maritime Court" ("Guidelines" for short), and when the whereabouts of the defendant was unknown, the collegial panel made a decision on the evidence stored in the third-party area. The key electronic evidence of the block chain evidence storage platform shall be reviewed and confirmed, the facts of the case shall be promoted, and the dispute shall be settled as soon as possible. The "Guidelines" includes third-party evidence storage platforms and judicial blockchain platforms in the scope of attention, focusing on electronic evidence generated by application platforms such as blockchain bills of lading, port management, and cross-border settlement, and providing guidelines for judges on key points of review.

Hong Kong-based virtual asset rating agency HKVAC today launched the HKVAC Global Large-Cap Cryptocurrency Index. The index aims to reflect the performance of a wide range of investable virtual assets in the market. At the same time, HKVAC also announced the quarterly adjustment results of the HKVAC Large Cryptocurrency Index (excluding Bitcoin, Ethereum and stablecoins) until July 14, 2023. This regulatory change will take effect on Friday, July 21, 2023 at 4.30pm. The above-mentioned new index and index quarterly adjustment results will be released on the HKVAC official website today.

The "Shanhaiwu" event jointly initiated by Beidahu Ski Resort, Wanxiang Blockchain Lab, HashKey, DRK Lab, Social Layer, Sihai and other communities will be held in Beidahu Ski Resort in August. This event will focus on Web3, artificial intelligence, creator economy, sustainability, etc., and invite frontier thinkers and builders in various fields to jointly carry out a one-month co-living, co-creation and co-learning activity. PANews is supported by the media, click the link of the original text to sign up to participate in the co-construction.