On May 2, the Ethereum Foundation released a summary of the Soldøgn Interop Recap event. At the end of April 2026, over 100 Ethereum core developers participated in the Soldøgn interoperability event, focusing on the upcoming Glamsterdam network upgrade. The event achieved three core objectives: establishing the gas limit lower bound at 200M after the upgrade, ensuring ePBS operates stably across multiple clients (supporting external builders), and setting the gas repricing parameters for EIP-8037. Progress was also made in optimizing block access lists, making decisions on multiple Glamsterdam EIPs, and laying the groundwork for future features such as FOCIL for Hegotá and native account abstraction. Through intensive coding, stress testing, and breakout discussions, the team successfully built a stable devnet, resolved numerous cross-client edge issues, and optimized state growth control and execution efficiency, providing reliable data support for enhancing throughput security.
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EF: Gas Limit Lower Bound Set at 200M After Glamsterdam Upgrade
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a16zcrypto Policy Chief Criticizes Illinois Cryptocurrency Tax Law: Tax Logic is Absurd and Violates Multiple Federal Laws
On June 17, Miles Jennings, the policy chief of a16zcrypto, stated that the digital asset tax law signed by the Governor of Illinois is one of the most restrictive regulations on cryptocurrency in the United States. The law imposes taxes on the exchange, transfer, and custody of digital assets: buying Bitcoin incurs a tax; storing Bitcoin on Coinbase also incurs a tax, and so on. Across the United States, there are virtually no similar financial transaction taxes on stocks, bonds, or derivatives. This means that cryptocurrencies are being treated differently, which violates multiple federal laws. Furthermore, the logic behind this taxation is nonsensical: transactions involving paper certificates of stocks, bonds, and derivatives are not taxed, yet transactions recorded on a blockchain are taxed simply because of their format? This is akin to taxing emails. Illinois could have embraced blockchain innovation and enjoyed the cost advantages it brings to the general public; however, the state is instead preparing to penalize local entrepreneurs and ordinary residents who use cryptocurrency. It is truly regrettable. Just recently, Illinois introduced a reasonably scoped Digital Assets and Consumer Protection Act, demonstrating a positive and inclusive attitude towards blockchain technology. Yet, with this new tax policy, the attitude has taken a complete 180-degree turn. If states implement such discriminatory taxes that target only a single asset class, industry developers and ordinary users will migrate to other regions, ultimately resulting in losses for everyone. -
BTC Falls Below $66,000
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ETH Falls Below $1800
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CLARITY Act Proposes $150 Million Funding to Combat Digital Asset Crimes
On June 16, U.S. Senator Cynthia Lummis posted on the X platform, stating that the CLARITY Act will allocate $150 million to support law enforcement in tracking down fraudsters and other criminals in the digital asset space, enhancing efforts to combat cryptocurrency-related criminal activities. -
Trump: Strait of Hormuz Will Fully Resume Navigation by Friday
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SK Hynix Responds to Rumors of 100 Trillion Won Shareholder Return Plan
On June 16, SK Hynix addressed market rumors regarding a proposed 100 trillion won shareholder return policy, stating that the reported figure is inaccurate. The company indicated that it is exploring various options to enhance shareholder value, but has never discussed the specific scale of shareholder returns mentioned in the reports. -
Xiaohongshu's Valuation Reached $50 Billion in Private Secondary Market Trading
On June 16, media reports cited informed sources revealing that Xiaohongshu's valuation in private secondary market trading once reached as high as $50 billion. -
DeepSeek's First Round of Financing May Be Finalized with Liang Wenfeng Investing Approximately 20 Billion Yuan
On June 16, it was reported from multiple investment institutions that DeepSeek's first round of financing may have been finalized. Founder Liang Wenfeng is the largest single investor in this round, contributing approximately 20 billion yuan. Tencent has invested about 10 billion yuan; the CATL system has contributed around 5 billion yuan, including investments from CATL and Puquan Capital; NetEase, JD.com, Monolith Lisi Capital, and IDG Capital have each invested about 3 billion yuan; Zhengxin Valley Investment and Shixiang Technology have each contributed approximately 1.5 billion yuan. (Ke Chuang Ban Daily) -
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European Parliament Votes to Approve EU-US Trade Agreement Legislation
On June 16, the European Parliament held a final vote in Strasbourg, France, approving legislation related to the EU-US trade agreement. Following the procedure, the legislative text will be submitted to the EU Council for approval. On May 20, representatives from the European Parliament and the EU Council reached an agreement on the legislative proposal concerning the EU-US trade agreement, agreeing to implement tariff concessions on products imported from the US while strengthening related safeguards to protect the interests of the EU and its member states. Previously, US President Trump threatened to significantly increase tariffs on EU products imported into the US if the EU did not fulfill the agreement by July 4.
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