DoubleZero launches 3 million SOL staking pool and launches staking token dzSOL
PANews reported on July 31 that fiber optic network provider DoubleZero announced the establishment of a 3 million SOL staking pool to accelerate the growth and performance improvement of validators in the Solana ecosystem. The staking pool will support early participants in the DoubleZero testnet and lay the foundation for the global decentralization of the mainnet-beta this fall. In the first phase, staking will be allocated to Solana validators active on the DoubleZero testnet. After the mainnet-beta goes online, it is planned to further support the expansion of geographically diverse validators. DoubleZero co-founder Austin Federa said that this move will help expand market access, enhance the fairness and resilience of the blockchain network, and prevent a single region from dominating or interfering with the network. Currently, the DoubleZero testnet has connected 142 nodes, accounting for 3.29% of Solana's total staking. In addition, DoubleZero also launched the token dzSOL, which represents the network's delegated staking.
Related Reading: DoubleZero at a Glance: How to Build a New Internet Using Cables?
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Crypto execs met with US lawmakers to discuss Bitcoin reserve, market structure bills
Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
The co-founder of CoinDCX was arrested by Indian police on suspicion of fraud; the exchange claims it was a fake website impersonating him.
