Japanese porn star’s coin red flags, Alibaba-linked L2 runs at 100K TPS: Asia Express

Not Welcome everyone to buy Jav Porn Star's controversial memecoin

Japanese porn star and pop singer Yua Mikami launched a new Memecoin project in Solana, Increase More than $ 2.9 million (more than 19,000 SOL) in its presale at the time of writing, despite the mounted of its management concerns.

The presale is announced In Mikami's X account, boasting 8.2 million followers. He did not promote the project on his other major social platforms, Tiktok and Instagram, followed by 4.5 million and 3.7 million accounts, respectively.

Blockchain analyst Embercn has raised a lot Red flags. Presale does not have a fixed exchange rate or funding cap, meaning investors receive a portion of a 20% token allocation based on how much has been raised. Embercn also noted that some participants sent Sol directly from centralized exchanges, despite explicit warnings not to do so. Because the project also lacks a refund mechanism, users can lose their funding.

While the decline of the project states that Japanese investors are not allowed to participate, no technical restrictions have been implemented to prevent them from doing so. Researcher ab kuai.dong claimed That rights to the Mikami's Memecoin Project have been acquired by Chinese creatures, and the project is specifically sold to Chinese investors.

It is in the midst of growing doubt around popular popular memecoins, especially in Solana, which has been struck by scams in recent months. In March, an X account now accused an unnamed Shenzhen Celebrity Memecoin factory in China of operation of coordinated pump-and-dump schemes. Some users have haka -haka (without confirmation) that Mikami's token can be attributed to the same network.

However, some crypto entrepreneurs accepted the project, along with one Calling it It is a sign that the “Otaku culture” has officially arrived in crypto. Despite the enthusiasm, it was not Mikami's first blockchain rodeo. He and Other stars in Japanese adult film Previously launched Non -generated token projects During the 2021 NFT BOOM.

Ant Digital launched Jovay Layer-2 to join Ethereum's real-world assets party

Ant Digital Technologies, a subsidiary of Alibaba's Fintech Arm Ant Group, opened a new Ethereum Layer-2 network called Jovay on April 30 to compete with the growing race to taste real-world assets (RWW).

Ant Digital said the new Layer-2 network is capable of facilitating 100,000 transactions per second with a 100-million response time. It forms part of the wider “dual chain and a bridge” approach, along with the antchain asset layer and crosschain bridge infrastructure.

“Jovay is currently running as a layer-2 solution to Ethereum, which emphasizes performance and security as the main pillars of our platform,” Cobe Zhang, head of Jovay, told the magazine.

“Looking at the future, we're excited about expanding our horizons through integration with different layer-1 networks to raise our scalability.”

Zhang said the Jovay team aims to release Mainnet in the third quarter of 2025.

The Ann Digital-2 announcement came in the middle of a strategic expansion. It has recently set up a global chief in Hong Kong and uses Dubai as the base of the Middle East. Both regions quickly become hubs for digital asset regulation.

Just a week before the Layer-2 project unvensation, the company also introduced Its new smart contract infrastructure, its AI-powered deterministic virtual machine (DTVM) stack, which uses large language models to automatically and accelerate development.

Currently, Ethereum leads the adoption of the RWA space, providing most of the US tokenized treasurys and institutional flow.

Expect more pressure sale from South Korea in June

South Korea's Financial Services Commission (FSC) has Reported A new set of guidelines that will allow nonprofit corporations and registered cryptocurrency exchanges to sell digital assets starting June.

The move is part of a broader effort to gradually open the country's digital asset market to institutional investors, previously forced by local regulations.

Under new guidelines, nonprofit corporations with over five years of operational history and subject to external auditings are allowed to accept and sell cryptocurrency donations. These organizations should establish internal donation review committees to assess the legitimacy of incoming funds and evaluate in advance of destroying plans. Only crypto properties listed in at least three of the five Fiat-to-Crypto licensed exchanges are eligible for donation.

Crypto exchanges are also allowed to sell digital assets, but under strict conditions aimed at preventing market disruption and conflicts of interest. Only exchanges registered as Virtual Asset Service Provider (Vasps) under Local regulations would be worthy. Sales can only be done to cover operating costs and should be limited to the top 20 cryptocurrencies through market capitalization. Additional restrictions include a sunny sale cover and a prohibition on the sale of tokens directly through its own exchange platform.

The FSC also introduced new listing criteria to address the intense volatility of the price often seen when tokens debut on domestic exchanges. The so -called “list of bombs” draws a regulation review due to rapid price surges caused by limited initial circulation supply. In response, token readers are required to secure a minimum circulating -moving supply before trading begins, and market orders may be limited to the early stages of trading.

Sky Mavis's divorce is messy with Ragnarok Monster World

A public rift appeared between Singapore-based startup Sky Mavis-the Developers behind Ronin Blockchain-and Ragnarok Monster World, after Sky Mavis accused web3 game creators who secretly cut off a deal with a rival blockchain.

In an April 27 X post, Sky Mavis co-founder Aleksander Larsen Says The team behind RMW, known as 0x &, ignored the advice and “lost favor in the community.” As a result, the company has announced that it will terminate its professional relationships, remove the property of the game from Sky Mavis products within 48 hours, and will feature RMW NFT from the Ronin Market. The company also stayed away from the upcoming launch of the game's Zeny Token, stating that having it in Ronin should not be interpreted as endorsement or affiliate.

In a follow-up post, Larsen Says That instead of removing the NFTs in full, Sky Mavis will recover the game's verification badge in the Ronin market, which marks its incredible status.

The move led to an immediate rebuttal from the Ragnarok Monster World. This declined The contact with the secret agreements and said that all discussions with other blockchain networks were shared with Sky Mavis. The developers further said that they honored all contractual obligations and focused on running the game with Ronin.

The public spat has highlights a major irony in web3 games. One of the promises of space establishment is that blockchain games are meant to be immune to restrictions and shutdowns. Ronin is moving towards a vision with an unauthorized architecture that gives anyone to deploy wise contracts or launch games without approved by Sky Mavis. However, the ecosystem is still rotating around the power of the Sky Mavis platform. Projects may not be permission, but there is no market verification or ecosystem support, the risk of losing exposure to the Ronin community. RMW still exists in Onchain, but is stripped of the network stamp approval.

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Yohan yun

Yohan Yun has been a multimedia journalist who has occupied the blockchain since 2017. He has contributed to the Crypto Media Outlet Forkast as an editor and covers Asian tech stories as an assistant reporter for Bloomberg BNA and Forbes. She spends her free time cooking, and experimenting with new recipes.