Wu said daily selected encryption news - Uniswap proposal initiates protocol fees and UNI Burn Mechanism, the foundation's functions will be incorporated into Labs.

1. Uniswap proposal launches protocol fees and UNI Burn Mechanism, the foundation's functions will be merged into Labs.

The Uniswap Foundation, in collaboration with Uniswap Labs, has proposed a governance proposal to initiate a protocol fee mechanism, reduce the total supply of UNI, and trigger the UNI Burn Mechanism through protocol usage to restructure the ecological incentive model. The proposal also includes the establishment of a Uniswap Growth Budget to fund protocol and ecological development under the service provision protocol framework, while merging most of the Foundation's functions and team into Uniswap Labs. The Foundation will continue to fulfill existing grant commitments and will cease operations after completing the remaining grant budget of approximately 100 million dollars.

2. The U.S. Treasury and the IRS have issued new regulations to provide a compliance path for crypto ETP staking.

U.S. Treasury Secretary Scott Bessent stated that the Treasury and the IRS have issued new regulations to provide a clear regulatory path for exchange-traded products (ETPs) related to cryptocurrencies, allowing them to stake digital assets and distribute staking rewards to retail investors under certain conditions. Bill Hughes, senior legal counsel at Consensys, interpreted that this safe harbor mechanism applies to specific trust structures, requiring the trust to hold only a single type of digital asset and cash, with qualified custodians responsible for key management and executing staking, establishing SEC-approved liquidity policies to ensure redemption arrangements, while maintaining transaction isolation with independent staking service providers, and the trust's activities must be limited to asset holding, staking, and redemption, without engaging in self-trading.

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3. The Ethereum Foundation promotes the dAI 2026 roadmap, with ERC-8004 and x402 as key focus areas.

The head of the EF dAI Team stated that they are working with the management of the Ethereum Foundation (EF) to develop the dAI Team 2026 roadmap, which aims to establish Ethereum as a global decentralized settlement and collaboration platform for AI, allowing autonomous intelligent agents to interact with identities, assets, and data under publicly auditable rules. They expressed gratitude to the expanding community surrounding the ERC-8004 and x402 protocols, stating that these two standards are becoming the neutral norms for “agentic commerce,” and are seeking feedback from teams building related applications on which directions should be prioritized for support.

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4. Vitalik: ZK itself does not have coercion resistance and needs to be used in conjunction with FHE/MPC/TEE.

Vitalik stated in response to community discussions that ZK (Zero-Knowledge Proof) itself cannot provide coercion resistance, and in scenarios such as voting, it still needs to be combined with trusted parties, MPC, FHE, or TEE to achieve this feature. He added that the system's security can be enhanced through a layered architecture of ZK + FHE; even if FHE is compromised, all privacy attributes except for coercion resistance can be preserved. Vitalik emphasized that this design approach of “layering with ZK” is applicable to almost all cryptographic applications, allowing more data and functionalities to attain ZK-level security guarantees.

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5. The London sentencing hearing revealed details of the overseas money laundering of the mastermind behind the “60,000 Bitcoin money laundering case”.

The highly publicized money laundering case involving 60,000 bitcoins has seen its main perpetrator, Qian Zhimin, attend a sentencing hearing at the Southwark Crown Court in London, UK. During the hearing, the UK's Crown Prosecution Service further revealed key details of Qian Zhimin's money laundering path from Tianjin, China to the UK: Qian Zhimin purchased a total of 194,951 bitcoins, and took over 70,000 bitcoins with him on a laptop when he fled China. His escape route was meticulously planned, with the assistance of multiple people; during his second escape in the UK, he even hired four servants and bodyguards.

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6. The U.S. Senate Agriculture Committee has released a draft of the cryptocurrency market structure bill, which aims to delineate the authority of the CFTC and SEC.

The U.S. Senate Agriculture Committee has released a draft legislation on the structure of the cryptocurrency market. The core of the draft includes: first, defining concepts such as “blockchain” under the framework of the Commodity Exchange Act, clarifying the CFTC's regulatory boundaries over spot markets and certain intermediaries, and requiring the CFTC to work with the SEC on joint rulemaking; second, leaving room for coordination on composite margin and regulation of crypto intermediaries. This draft is still a preliminary version and needs to be merged with the Banking Committee's version before it can enter the formal marking and voting process. The industry expects it will take at least several months before a vote in the full Senate.

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