• Notifications Markets & Prices
      View more
    • Language & Exchange Rate Switch
    • Preference Settings
      Rise/fall colour
      Time of the change range (from - to)
    Gate.io Blog

    Your Gateway to crypto news and insights

    • Gate Blog
    • Latest Posts
    • Guide
    • Profession Information
    Gate.io Blog 0606 Daily Flash | BAYC exists the risk of unlimited additional issuance;Vitalik Buterin opposes prohibition of PoW
    Hotspot

    0606 Daily Flash | BAYC exists the risk of unlimited additional issuance;Vitalik Buterin opposes prohibition of PoW

    06 June 11:41



    Today's Topic - Foobar, the crypto developer: Bored Ape has the risk of unlimited additional issuance


    According to Foobar, a crypto developer, on his social networking site, there is a single private key that can mint unlimited new BAYCs at any time. If the token contract owner (personal wallet rather than multiple signatures) is attacked by hackers or phishing, thousands of new BAYCs may be minted and dumped on the market.

    If BAYC can be issued indefinitely, will it be the bursting of the NFT market foam?



    Chart of the Day - The number of addresses holding more than 0.1 BTC exceeded 3.5 million, representing a record high



    On June 6, according to Glassnode data, the number of addresses holding more than 0.1 BTC exceeded 3.5 million, up to 3,534,317, representing a record high.

    Will the bull market return soon?



    Influencer of the Day - Vitalik Buterin opposes prohibition of PoW, and propose to implement carbon pricing


    On June 5, Vitalik Buterin, founder of Ethereum, issued a statement on social media to oppose the prohibition of PoW, and pointed out that it was a bad idea for officials to choose which specific applications could use electricity.

    A better way is to directly implement carbon pricing and use part of the revenue to compensate low-income users.

    Do you support carbon pricing?



    Buzzes of Yesterday - #The UST crash may be the end result of most algorithmic stablecoins; #Web3 rises like the early Internet



    Co-founder of Tether: the UST collapse may be the end of most algorithmic stablecoins



    Deputy Prime Minister of Singapore: retail investors should not invest in cryptocurrency



    Netscape founder says Web3 is like the rise of the early Internet



    Goldman Sachs report: approximately 20 insurance companies around the world have invested or are considering investing in cryptocurrencies



    Bitcoin miners are selling their BTC holdings in response to market headwinds




    Author: Gate.io Researcher Byron B. Translator: Joy Z.
    * This article represents only the views of the researcher and does not constitute any investment advice.*Gate.io reserves all rights to this article. Reposting the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.
    ETH + 1.52%
    BTC + 0.03%
    APE + 0.47%
    GT + 1.03%
    Share with:
    Claim 20 Point now
    Exclusively for Newcomers: complete 2 steps to claim Point immediately!

    🔑 Register an account with Gate.io

    👨‍💼 Complete KYC within 24 hours

    🎁 Claim Point Rewards

    Claim now
    gate.io APP

    gate.io APP 2.0

    gate.io APP 2.0
    Download
    language and region
    exchange rate

    Select language and region

    • 简体中文
    • English
    • Tiếng Việt
    • 繁體中文
    • Español
    • Русский язык
    • Français
    • Deutsch
    • Português (Portugal)
    • ภาษาไทย
    • Indonesia
    • Türkçe
    • 日本語
    • عربي
    • Українська
    • Português (Brasil)
    • Nederlands