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Binance Labs has invested in Zircuit
The amount of the investment was not disclosed.
The mainnet is coming in July.
https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-zircuit-to-advance-l2-with-aienabled-sequencer-level-security-1403715297509312064
zkSync introduced its tokenomics and airdrop checker
These ZK tokens are locked for the first year and then unlock over the course of 3 years, between June 2025 to June 2028.
Checker: https://claim.zknation.io/
Docs: https://blog.zknation.io/zk-token/
https://x.com/thezknation/status/1800424206129357194
Perhaps affected by recent rumors of security incidents, OKX has seen significant outflows.
Defillama shows that OKX has seen an outflow of $204m in the past 24h and $630m in the past 7d, exceeding the total outflows of other exchanges.
Binance has seen a net inflow of $1.364 billion in the past 7d.
https://x.com/wublockchain/status/1800368569076838799
Ethereum layer-2 Optimism has implemented fault proofs into its smart contracts, according to its development team, OP Labs.
At least four other OP Stack networks will implement the fault proofs “soon,” including Base, Metal, Mode, and Zora.
https://cointelegraph.com/news/optimism-reaches-stage-1-decentralization-implementing-fault-proofs
UwU Lend, a decentralized finance (DeFi) protocol, has been exploited for over $20M. The attack is ongoing, affecting multiple assets.
https://cointelegraph.com/news/uwu-lend-hack-20-million
Yesterday evening Bitcoin reached $70k.
BTC is now trading at $68.3k.
https://dropstab.com/coins/bitcoin
ZKsync has introduced ZK Nation
ZK Nation is a community driven by a shared purpose to govern, defend, and grow the ZKsync protocol.
https://blog.zknation.io/introducing-zk-nation/
South Korea’s Financial Services Commission published a new set of guidelines for regulating NFTs, according to Yonhap news agency.
The new guidelines reportedly stated that the Financial Services Commission (FSC) will regulate certain NFTs as regular cryptocurrencies if they are deemed to no longer possess the unique qualities that distinguish them from cryptocurrencies.
https://www.theblock.co/post/299196/south-korea-new-nft-guideline
The ALEX Lab Foundation has restored liquidity and all ALEX pools are now open
https://x.com/ALEXLabBTC/status/1799755503129530556
Bryan Pellegrino stated that the final Sybil list will be released by the end of the month.
https://x.com/PrimordialAA/status/1799952829723123846
The crypto market is neutral
BTC Dominance - 53.40%
Market Cap - $2.57T
BTC - $69,586.01 (+0.47%)
ETH - $3,682 (+0.23%)
BNB - $668.8 (-0.86%)
STRK - $1.14 (+1.38%)
W - $0.638 (-0.51%)
SMH - $1.77 (-1.66$%)
ORDI - $57.62 (-4.64%)
https://dropstab.com
Loopring hacked for $5 million
The attack succeeded by compromising Loopring's 2FA service, allowing the hacker to impersonate the wallet owner and gain approval for the Recovery from the Official Guardian.
https://x.com/loopringorg/status/1799791898296451515
Arbitrum to distribute $215M in ARB tokens for gaming innovation
https://cointelegraph.com/news/arbitrum-gaming-catalyst-program-215m-investment
zkSync mainnet deployment of v24 is complete
And the Gemholic project was able to withdraw 921 ETH ($3.4 million).
https://era.zksync.network/address/0xe1e5d4ff2aa2550f2bdf7ff17bb01ff7621049ae#internaltx
https://x.com/zksync/status/1799089096180060522
The number of Binance users has surpassed 200 million.
https://x.com/binancezh/status/1799472799507153315
Correction continues: BTC 67,600, ETH 3,530
https://dropstab.com/
US spot bitcoin ETFs see $65 million in net outflows, ending 19-day inflow streak
https://www.theblock.co/post/299429/us-spot-bitcoin-etfs-65-million-net-outflows
https://sosovalue.xyz/assets/etf/us-btc-spot
Uniswap Labs has acquired Crypto: The Game
https://decrypt.co/234608/uniswap-labs-acquires-crypto-game-next-season
Bryan Pellegrino: “Ok since it's coming up a ton today, here is how we're currently thinking about eligibility from a wide lens.
The focus is clearly on real users and the fairest and broadest distribution of highly aligned, most durable users.
A lot of this is informed by results of the Sybil process and any real final definition will come directly from LayerZero vs my ramblings
6M initial wallets
3M have sent < 5 tx lifetime, so let's say 3M wallets to really consider.
All transactions < $1.00 deweighted -80% but still count just at 1/5th the rate of a normal tx
All 'valueless NFT' tx deweighted -80% but still count, just at 1/5th the rate of normal tx (In this case valueless is defined as having a listed marketplace value of < 0.00001 ETH or minimal lifetime volume)
These 2 alone deal with most of the inorganic network spam that has largely disappeared post-snapshot.
Things like gas-drop count as valid tx
from there normalize tx based on protocol fees specifically (not the fee to the underlying blockchain the tx was processed on)
min value on this is eligibility criteria, max value/upper bound as well
multipliers based on things like early usage (had played with the idea of block reward/halving style distribution being replayed over tx history but discarded for complexity)
cliffs: Remove sybil, remove spam, semi-linear with upper bound cap, reward early users, reward durable users, RFP to reward all non-standard protocol interaction like LP/etc., focus on fairest and most optimal distribution for protocol”
https://x.com/PrimordialAA/status/1800329243802443889
Lykke cryptocurrency exchange has halted withdrawals after suffering the $22 million exploit on June 4.
The exchange claimed that users’ funds “are safe and will be recovered.”
https://cointelegraph.com/news/lykke-crypto-exchange-acknowledges-hack-halting-withdrawals
https://x.com/lykke/status/1800186135299408013
The crypto market is down
BTC Dominance - 53.58%
Market Cap - $2.51T
BTC - $68,415.29 (-1.67%)
ETH - $3,602.07 (-2.15%)
BNB - $624.8 (-6.28%)
ARB - $0.9478 (-1.52%)
STRK - $1.09 (-4.09%)
W - $0.551 (-13.54%)
SMH - $1.9 (+4.49%)
https://dropstab.com
Polyhedra Network Staking Program is now live
https://x.com/polyhedrazk/status/1800025891319542155
⚡️ Top Node Sales by Funds Raised
💧 DropsTab
zkSync has announced an event for tomorrow
https://x.com/zksync/status/1799911289894076655
Andrei Grachev: “ Google search is decreasing since March 2024.
Stable BTC = confidence, But BTC can't go 50x, at least now, but alts can. If BTC stable, I'd expect a bull run within a few months.”
https://x.com/ag_dwf/status/1799894673978196348
The io.net founder is stepping down as CEO and donating 1 million IO tokens to support ecosystem development
https://x.com/shadid_io/status/1799766711291490522
Wintermute CEO Evgeny Gaevoy: “If ETH fails in the future it wont be because "Solana is faster", it will be because the eth "elite" is still stuck in a massive contradiction
Blockchain tech is impressively super well conductive to create purely capitalist incentive based systems
At the same time vitalik, hayden and many many others are trying to "solve capitalism" by saying that what we build can only be respected "if the end is worthy (healthcare, open source software, art, etc)" or that "the best builders in the space are motivated by positive social change". Throw on top of that neverending attempts to "solve" MEV while we are at it
You are either building capitalism or planned socialism. I'm sorry, you really cant have both
I choose capitalism in all its (often ugly!) glory. And if you are not here for glory, then one simple argument is - unlike socialism, capitalism actually works.”
https://x.com/EvgenyGaevoy/status/1798628027758268701
The gas price on the Ethereum network was down to 5 gwei this morning.
https://etherscan.io/gastracker
The crypto market is neutral
BTC Dominance - 53.39%
Market Cap - $2.56T
BTC - $69,283.4 (-0.21%)
ETH - $3,674.3 (-0.4%)
BNB - $675.4 (-0.94%)
ARB - $0.9633 (-3.77%)
STRK - $1.12 (-6.24%)
W - $0.639 (-10.43%)
TAIKO - $2.13 (-20.33%)
https://dropstab.com
Mysten Labs (SUI) has introduced Truncator
Truncator is a mining-based technique designed to reduce the size of various cryptographic outputs frequently encountered in blockchain systems.
https://blog.sui.io/truncator-gas-friendly-post-quantum/