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14:38
The first Chinese-American executive director of the Ethereum Foundation stepped down after just one year, with Vitalik praising her contributions.
BlockBeats News, June 18th, Hsiao-Wei Wang, the first Chinese-American Executive Director of the Ethereum Foundation, announced her resignation today. In her statement, she mentioned that she decided to prioritize her personal life and future directions. She said, "Now is the right time to step back and I am still contemplating the next steps." In response, Vitalik Buterin praised Hsiao-Wei Wang's contributions, stating that she has been "a steadfast contributor to the Ethereum ecosystem for the past decade" and expressing his anticipation for her future adventures. On March 10, 2025, the Ethereum Foundation (EF) announced the promotion of Hsiao-Wei Wang (Chinese name: Wang Xiaowei) to the board of directors, making her the first Chinese leader to rise from a technical background to the board in the seven years since the establishment of the EF.
14:24
Intensive Negotiations in U.S. Senate on CLARITY Act: Aiming to Clarify Non-Custodial Software Developers' Legal Liability
With just over two weeks remaining before the U.S. Congress recesses on July 4, senators are intensifying behind-the-scenes negotiations to push the CLARITY Act into the Senate's full voting process as soon as the recess ends. Sources indicate that bipartisan senators will meet this week to discuss contentious provisions, notably including a clarification that non-custodial software developers 'should not be held legally liable for third-party use of their code if they were not knowingly involved in illegal activities.' Previously, law enforcement agencies expressed concerns that this provision could weaken accountability for on-chain illegal activities. Industry insiders point out that as the legislative window narrows, the CLARITY Act is entering a critical phase; if progress cannot be made before August, the related process may be further delayed due to the upcoming election cycle.
14:24
SanDisk Stock Price Rises 10%, Up Over 800% Year-to-Date
On June 18, SanDisk's stock price increased by 10%, reaching $2,147 per share, with a total market capitalization of $317.9 billion. Year-to-date, the stock has surged over 800%. Other storage stocks also saw significant gains, with an exchange rising 6.6%, an exchange up 10%, and an exchange increasing by over 4%.
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