Author: Canghai Yixiao; Source: Bitcoin

According to OKX, eOS rose by more than 22%, with the highest price once as high as US$0.6613, and the current price is quotation of US$0,6532. EOS was once the popularity of cryptocurrency industry second only to Bitcoin. Ethereum was highly sought after. Back then, Li Xiaolai and others even stood on the platform. Founder BM was a base celebrity in the cryptocurrency industry, and the financing scale was as high as 3.3 billion US dollars.

But things went against expectations, EOS's development was not going smoothly, the foundation took away most of the funds and misappropriated them, and did not use technology development. The soul character BM also chose to leave, and the node even locked the project party's coins through voting. Facing lawsuits in the United States. The community has completely lost confidence, and EOS has gone down without any turmoil. It can be said that EOS is also a complete scam. He cheated the money and handed over the project to the community, making a fortune of 3.3 billion US dollars, and the current income is as high as tens of billions of US dollars.

The project party saw the recovery of the cryptocurrency industry and probably wanted to take the opportunity to make a profit and then start to take action. EOS is not an isolated case. Xiao Feng, a big shot, also created a cloud map LAT, which disappeared after getting the money, plummeting 1,000 times.

EOS Network announced that the EOS network, known for its scalable blockchain infrastructure, has announced the rename of Vaulta, marking its strategic transformation to the Web3 banking field. The transformation includes a token replacement program tentatively scheduled for the end of May 2025.

At the same time, Vaulta will establish the Banking Advisory Council, a group composed of experts in the finance and blockchain industry to bridge the gap between traditional banks and decentralized systems. According to a press release obtained by CoinDesk, the committee members include executives from Systemic Trust, Tetra and ATB Financial.

Alexander Nelson, senior director of digital finance at ATB Financial, said: "Vaulta's strategic adjustment to Web3 banks is of great significance to the industry. This move not only opens channels for traditional funds to enter the DeFi field through Bitcoin, but also paves the way for institutions to accept crypto assets on a large scale." Vaulta will retain the technical infrastructure of the original EOS network, including smart contract architecture, decentralized databases and cross-chain interoperability. As Web3 SilverAs part of the bank plan, the platform will integrate exSat, a digital banking solution focused on Bitcoin.

This brand reshaping coincides with the gradual improvement of the digital asset regulatory framework (such as the EU MiCA crypto asset regulations). La Rose believes that regulatory clarity makes it the "best time to align brands with Web3 banking strategies."