SNARKtor Launch on Mainnet

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Recently, the total lock-up position of the Ethereum liquid staking derivative frxETH has decreased, mainly due to the influx of funds attracted by the re-staking boom driven by Eigenlayer. At the same time, Frax Finance has launched new mechanisms and frxETH v2 features in an attempt to address market competition and user demand. These changes may affect the landscape of the ETH staking market.

The Fed maintained interest rates at the May FOMC meeting, emphasizing the increased uncertainty in the economic outlook and adopting an observation strategy. Follow future economic data to determine the timing of interest rate cuts. Capital flows and the Bitcoin market show turbulent recovery, advising investors to approach with caution and focus on strong zones.

The launch of Polkadot Coretime opens up a new landscape for the utilization of Blockchain resources by segmenting on-chain resources into standardized computing units, lowering the entry barriers for developers and facilitating the flexible scheduling and fair distribution of resources. Coretime also helps developers alleviate cost burdens, leading the ecosystem towards a healthy positive cycle and providing innovative opportunities to promote the advancement of Web3 technology.