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Publications

Vitalik Buterin published an article addressing issues related to Maximum Extractable Value (MEV) and strategies for balancing its minimization and quarantine. He underscores the importance of robust solo staking and the reduction of hardware requirements for nodes using technologies like Verkle trees and EIP-4444.
LayerZero announced that the sybil self-reporting phase has concluded, with 803,093 addresses identified as potential sybils, down from over 2 million. In the next two weeks, a community bounty hunt will commence. Report at least 20 sybil addresses and receive 10% of the expected sybil token distribution as a reward.
The Fantom Foundation has unveiled details about its new Layer 1 blockchain, Sonic Network. This new blockchain will feature a native cross-chain bridge to Ethereum. Current FTM token holders will have their tokens migrated to Sonic's token, denoted as S, at a 1:1 ratio, effectively marking it as Fantom 2.0.
The success of Notcoin proves how effective the Telegram and TON ecosystems are for application developers.
TOP-25 fastest blockchains.
zkSync announced that its decentralization process is complete, suggesting an imminent token launch. The upcoming release of v24 is the final planned protocol upgrade before transferring network governance to the community. The remaining components are expected to be finalized by the end of June.
Kraken, the second largest cryptocurrency exchange in the United States, might discontinue support for USDT in the EU region to comply with the EU's MiCA regulations. This follows OKX's decision in March to delist most USDT trading pairs in the EU.
Sybil-hunters have self-reported over 338,000 addresses belonging to them.
The current breakeven cost of Bitcoin mining is approximately $ 45,000. The temporary interest in the Runes protocol allowed miners to earn well immediately after the Bitcoin halving... hence, the hash rate did not decrease right away – a temporary phenomenon.
Pumpfun released an analysis of the recent attack, concluding that the contract itself is secure. The attack was attributed to a former employee who stole approximately 12,300 SOL (around $ 1.9 million). The team has redeployed the contract and announced that trading will resume within the next 7 days.
CZ has not yet been jailed. He is awaiting notice from the Probation or Pretrial Services Office. The Bureau of Prisons needs to determine a specific cell in a particular prison is suitable for him. They have been conducting statutory reviews to assess the appropriateness of Seatac for Zhao's individual circumstances.
Binance has developed a unique method to identify poisoned addresses and alert users before they send money to criminals. https://cointelegraph.com/news/binance-antidote-address-poisoning-scams-algorithm
Blast announced the airdrop date - June 26! The project regrets having to delay the distribution by a month, but promises to reward users even more.
The issuer of the stablecoin Circle has filed court documents indicating its plan to relocate its legal headquarters from Ireland to the United States. This move is in preparation for Circle's upcoming initial public offering (IPO).
BlockTower Capital’s main hedge fund has been hacked, resulting in a partial theft by fraudsters, as reported by Bloomberg. The firm has not yet seen the hackers arrested. Founded in 2017, BlockTower Capital has invested in notable companies like Dapper Labs, Sky Mavis, and Terraform.
ConsenSys has announced the launch of Smart Transactions, an optional feature for MetaMask users worldwide. This new feature allows users to keep their transactions private until they are confirmed on the blockchain, preventing bots from preempting transactions.
Scroll has released a checker for "Scroll Marks" (points).
Users are invited to become "bounty hunters" – for identifying wallets belonging to multi-account holders, they can claim 10% of their airdrop, while the multi-account holders will receive nothing. (The report must contain at least 20 addresses.) The campaign period is from May 18 to June 1.
The co-founders of Lido and Paradigm are reportedly backing a new company named Symbiotic, which aims to compete with EigenLayer in the restaking sector. Symbiotic will allow users to deposit any ERC-20-based asset. The rivalry stems from EigenLayer choosing to partner with a16z over Paradigm, prompting Paradigm to invest in EigenLayer's competitor.
Hoak, a developer of the Solana DEX Cypher, confessed to stealing approximately $ 315,000 from Cypher funds and losing them through gambling. He also admitted to similar misconduct on other occasions. In August 2023, Cypher experienced a security breach resulting in losses of nearly $ 1 million.
MtGox’s Kraken BTC and BCH payment API interface indicates that payments are "in preparation," with the update date listed as May 13. It is anticipated that Mt. Gox will distribute its holdings, including 142,000 BTC, 143,000 BCH, and 69 billion yen to creditors before October 31, 2024.
Chinese local police have apprehended six suspects involved in using cryptocurrency to facilitate currency exchange transactions between Korean trading companies and China, amounting to approximately US$ 300 million.
The L3 blockchain Degen Chain has ceased block production for over 11 hours, with the cause remaining unknown. Degen Chain, developed by Syndicate and previously backed by a16z, utilizes Arbitrum Orbit. Its Gas token DEGEN is the primary coin of Farcaster.
According to SCMP, the recent Bitcoin Asia conference in Hong Kong drew approximately 5,500 attendees, with roughly half coming from mainland China. Executives from Hong Kong ETF issuers also affirmed their efforts to promote mortgage financial products based on ETFs.
The Runes protocol generated $ 135 million in fees during its initial week following the Bitcoin halving. However, activity has significantly declined since then, with May 10 marking the lowest day for activity. Over the past twelve days, there have been only two instances where fees exceeded $ 1 million.
Top 7 Crypto Fundraising Rounds of the Week.
Apple is close to reaching an agreement with OpenAI to implement AI technologies on the iPhone (ChatGPT in the upcoming iOS 18).
Linea: Due to the disclosure of Sybil activity, the distribution of #LXP will be suspended.
The LayerZero CEO noted that approximately 5 million addresses have only sent 1 or 1-5 transactions each, while around 4.24 million addresses had a total cost of less than $ 10. He previously estimated that only 400k to 600k out of 6 million users are genuine accounts. Only 30k addresses currently identified as Sybil.
Binance and KuCoin have completed registration with India’s Financial Intelligence Unit. KuCoin has settled a $ 41,000 penalty and resumed its activities. Binance's financial penalties are pending determination following a hearing, and it is anticipated to resume operations once the fine is paid.
The phishing group responsible for the theft of 1155 WBTC has successfully returned all 22,960 ETH, valued at $ 66.88 million, from numerous addresses to the victim's address today. All assets that were unlawfully obtained from the victim have now been restored.
The address identified as Justin Sun 4 (0x176...a132) received 2.08 million EIGEN at 16:42 on May 11. This address was ranked second in terms of the deposited amount in EigenLayer. It had directly deposited 104,000 ETH to EigenLayer and 58,000 ETH through Puffer before March.
Pantera Capital founder Dan Morehead stated that TON is the largest investment Pantera has ever made, although he did not disclose the specific amount invested or the discounted price for purchasing TON tokens. Previously, Pantera had announced plans to raise up to $ 250 million to acquire discounted SOL from FTX.
Binance has announced the addition of the 54th project on Binance Launchpool - Notcoin (NOT), a community token designed to onboard users into web3 through a tap-to-earn mining mechanic. Users will have the opportunity to stake their BNB and FDUSD into separate pools to participate in farming.
Mande Network has announced an airdrop. The snapshot was taken on April 30th, and everyone who staked more than 15 DYM is eligible for the drop.
Binance CEO Richard Teng accused Nigerian officials of demanding a $ 150 million cryptocurrency payment to resolve a criminal investigation facing the company. However, the Nigerian government has denied Binance’s accusations, refuting claims that its officials solicited bribes.
Vitalik Buterin and his co-authors proposed EIP-7702 as an alternative to EIP-3074, aiming to enhance Ethereum's account abstraction. This proposal enables normal EOAs to temporarily operate as smart contract wallets during a transaction, with their original state restored afterward.
LayerZero CEO Bryan Pellegrino expressed his belief that, given nearly half of the addresses have only made one transaction, he estimates that only 400,000 to 800,000 addresses out of the total 6 million addresses are legitimate. This suggests that only 6.67% to 13.33% of addresses are eligible for the airdrop.
DeBank has refuted rumors and speculations within the community regarding a fake list of eligible wallets for the drop from their project.
Botanix Labs, the creator of the BTC Layer 2 solution Spiderchain, has revealed the successful closure of an $ 11.5 million financing round. The funding round saw participation from notable investors including Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, and others. The Spiderchain network offers functionality equivalent to EVM and strives to amalgamate the user-friendly nature of EVM with the security features of Bitcoin.
Starknet Foundation is launching a $ 5 million grant program.
USDe will be integrated into Bybit, the third-largest offshore exchange. This integration will include USDe as a collateral asset for trading perpetual futures of BTC and ETH. Additionally, there will be USDe zero-fee spot pairs available. Furthermore, USDe will be launched within Bybit's "Earn" platform.
The Nigerian authorities, following the arrest of two Binance executives, have announced plans to prohibit the use of the fiat currency Naira for P2P cryptocurrency transactions. Additionally, they intend to implement new regulations in the coming days to oversee cryptocurrency trading platforms, digital asset custodians, and other related entities. These measures aim to prevent manipulation of the Naira exchange rate within the cryptocurrency market.
Bancolombia Group, Colombia's largest bank, has introduced Wenia, a cryptocurrency exchange. Wenia has also unveiled COPW, a Colombian fiat peso stablecoin. Additionally, the exchange supports Bitcoin, Ethereum, USDC, and MATIC.
Today marks 10 years since Charlie Munger famously referred to Bitcoin as "rat poison". At that time, the price of BTC was $ 425. Today, Bitcoin is valued at $ 63,700, and Charlie Munger has passed away.
Vitalik mentioned that due to the growing interest in fully homomorphic encryption (FHE) among many individuals, he has decided to share the article published in 2020 once again. He highlighted that we are rapidly approaching a stage where numerous applications of FHE in privacy-preserving computation are becoming increasingly feasible over the next decade.
Some of the recent private fundraising events among blockchain startups you should know about. May 2024
Cardano founder Charles Hoskinson has suggested inviting the public to vote on Twitter regarding the integration of Bitcoin Cash into a Cardano Partnerchain. This proposed integration would incorporate Useful Proof of Work Leios, NiPoPoWs, and Ergo technology. Presently, over 10,000 votes have been cast, with 65% in favor of the proposal.
Blast has launched 3 new multipliers. 📖 What do you need to do? 1. Go to Blast and start spinning the Jackpot (NFT). 2. To complete SocialFi, you need to go to Spacebar and register for this game/nft. That's it, you've successfully received a 6x multiplier to your points.
LayerZero has announced two options for Sybil users: 1. Proactively report your Sybil address before May 17th to receive 15% of the expected distribution. 2. If an address is flagged by LayerZero's internal reporting or a bounty hunter, no tokens will be received.