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Sei Unveils Giga Upgrade Roadmap, Aiming to Achieve 200,000 TPS and 400ms Finality

4 days ago

### Sei Unveils Giga Upgrade Roadmap on May 29 Sei released its Giga next-generation protocol upgrade roadmap on May 29, designed to significantly boost transaction performance by overhauling the execution client, state management, and consensus mechanism. Per the roadmap, core upgrades include: 1. **Ares Execution Client Upgrade**: Delivers major performance gains through optimized pipelined execution, asynchronous processing, and other technical optimizations. 2. **Eidos State Management Upgrade**: Replaces Merkle trees with flat key-value storage, separating active (hot) state from archived (cold) state for better efficiency. 3. **Autobahn Consensus**: Targets 200,000 TPS and 400ms transaction finality; the protocol has already achieved 5 Gigagas of processing throughput in its internal distributed testnet. 4. **Sedna Private Memory Pool**: Rolls out an encrypted transaction propagation system to enhance privacy. 5. **Gradual EVM-Only Transition**: Via SIP-3, Sei will phase out support for Cosmos SDK and CosmWasm over time.
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Trump: All Hostilities Between Israel and Hezbollah Will Cease Immediately

On June 2, U.S. President Trump stated in a social media post that he had a very productive conversation with Israeli Prime Minister Netanyahu. He added that no troops will be sent to Beirut, and any troops already en route to the Lebanese capital have been turned back. Similarly, Trump said he held a very good call with Hezbollah through a senior representative, noting that the group has agreed to cease all firing: Israel will not attack Hezbollah, and Hezbollah will not attack Israel.

37 minutes ago

Iranian Foreign Ministry: US Directly Responsible for Israeli Violation of Lebanon-Israel Ceasefire Agreement

June 2 — According to CCTV reports, a statement issued by Iran’s Ministry of Foreign Affairs on June 1 local time addressed ongoing ceasefire violations by the United States and Israel. The statement clarified that the U.S. bears direct responsibility for breaching the Iran-U.S. ceasefire agreement, while Israel is accountable for violating the Lebanon-Israel ceasefire accord. It also stated that the U.S. must take full responsibility for all consequences of this situation, and Iran will defend its interests whenever it deems necessary.

37 minutes ago

Trump: Negotiations with Iran Are Ongoing and Moving Quickly

June 2 – U.S. President Trump says talks with Iran are ongoing and advancing rapidly.

37 minutes ago

Trump: Doesn't Care If Negotiations With Iran End, Oil Prices Will Soon Drop

Local time Monday, June 2. During an interview with CNBC, U.S. President Donald Trump said, "To be honest with you, I don’t care if these negotiations fall apart." When asked about reports that Iranian negotiators had cut off communications with the U.S. over an Israeli military operation in Lebanon, Trump replied, "I really don’t care." Trump told CNBC he would follow up on the situation in Lebanon with Israeli Prime Minister Benjamin Netanyahu. He also noted he’s not worried about oil prices. Earlier, an Iranian state media report triggered a sharp spike in oil prices, claiming Tehran would not only halt talks but also vowed to "totally shut down" the Strait of Hormuz. Trump added, "I believe oil prices will drop like a rock very soon."

37 minutes ago

Foreign Ministry: Iranian Side Calls for Continued Mediation to Ease Current Situation and Support Ceasefire

June 2 — Pakistan’s Ministry of Foreign Affairs announced that Iran has requested to continue its mediation efforts to ease the current situation and support a ceasefire, as reported by Saudi Arabia’s Al Arabiya TV.

37 minutes ago

SpaceX IPO Filing Adds Risk Warning: Future Equity Offering at Scale

June 2 — SpaceX has added a risk disclosure to its latest updated IPO filing stating the company may issue significant equity in future transactions, stoking market concerns over its upcoming acquisition plans and potential merger with Tesla. The new language, included in the IPO’s risk factors section, reads: “The company may issue significant equity in future transactions.” Analysts view this wording as both leaving flexibility for future acquisition deals and serving as an advance warning to investors about a major equity dilution event. In recent years, SpaceX has been actively pursuing mergers and acquisitions. The firm previously acquired xAI, an AI startup owned by Elon Musk, and reached an agreement with AI programming company Cursor, which holds an option to sell its shares to SpaceX at a post-listing valuation of $60 billion. Market speculation about a possible merger between SpaceX and Tesla has long circulated. SpaceX’s upcoming IPO has intensified these talks, though an

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