Symbiotic has raised $5.8M in a Seed funding round co-led by Paradigm and Cyber Fund
Symbiotic has secured $5.8M in a seed funding round co-led by Paradigm and Cyber Fund. Symbiotic is a shared security protocol that provides a flexible, permissionless coordination layer, allowing network builders to control and adapt their restaking and staking implementations.
Symbiotic's components include collateral management, staking vaults, operators, resolvers, and network integrations, creating a comprehensive framework for decentralized economic security. Symbiotic differentiates itself from EigenLayer by allowing the use of various ERC-20 tokens, not limited to ETH and specific derivatives.
🔗 blog.symbiotic.fi/symbiotic-intro
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Top Blast Protocols by Total Value Locked
The total value of assets locked in Blast is around $2.1B, according to DefiLlama.com (and over $2.6B according to Blast site). Let’s compare the top protocols on Blast by current TVL in USD, including Thruster, Juice Finance, Hyperlock Finance, Ring Protocol, Renzo, Particle, Orbit Protocol, Wasabi, Pac Finance and SynFutures.
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Marlin's ZK-proof marketplace Kalypso will be collaborating with Symbiotic
Kalypso, a ZK-proof marketplace powered by Marlin $POND, will be collaborating with Symbiotic in a partnership to secure decentralized prover networks with restaked $ETH. Symbiotic’s flexible architecture will allow $POND to be restaked across functions in Oyster and Kalypso, and help to onboard geographically distributed provers backed by stETH.
Kalypso is a mechanism-agnostic ZK proof marketplace that connects users, apps and protocols requiring proofs with hardware providers who can generate them. Symbiotic simplifies coordination between operators, restakers & protocols strengthening the liveness & censorship properties of the network.
Biconomy [BICO] has introduced Delegated Authorisation Network for AI agents
Biconomy $BICO, a multi-chain transaction infrastructure, is launching the Biconomy Delegated Authorisation Network (DAN) for AI agents. DAN is an off-chain authorization network designed to enhance the security, customizability and speed of managing authorization keys for smart accounts. By combining Silent Lab’s cutting edge MPC network with Ethereum’s economic security via EigenLayer, Biconomy DAN offers a secure and non-custodial solution for performing off-chain authorizations.
Previously, Biconomy has closed a strategic funding round backed by Consensys, Jump Capital, Borderless Capital, Taisu Ventures, Manifold, Side Door Ventures, Blockchain Founders Fund and others. Current $BICO price is $0.54. $BICO FDV is $540M.
🔗 biconomy.io/post/introducing-dan-the-programmable-authorisation-network-for-ai-agents
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Aethir [ATH] will conduct listing on multiple exchanges including OKX, Bybit and KuCoin on June 12th
Aethir $ATH will be listed on OKX, Bybit, KuCoin, Bitget, Gate, BingX, Bitrue and MEXC on June 12th, at 10:00 AM UTC. Previously, Aethir has announced 2.52B $ATH token airdrop (6% of total supply) to over 860K eligible wallet addresses. Airdrop will be divided into three seasons, with 630M tokens allocated to Season 1 rewards.
15% of total ATH supply is allocated for Aethir Checker Node rewards and 35% for Aethir cloud computing Container operators.
Binance Labs has announced the investment in Zircuit
Binance Labs has invested in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level security. Zircuit is a new L2 network backed by Pantera Capital, Dragonfly, and Maelstorm that introduces a novel approach to on-chain security. The network safeguards users with sequencer-level security and built-in, automated AI mechanisms that guard against smart contract exploits and malicious actors.
Previously, Zircuit has launched LRT, LST and ETH staking for receiving Eigenlayer and Zircuit points, and reached over $3.31B in TVL. Binance Labs' investment in Zircuit comes ahead of the network's mainnet launch this summer.
🔗 binance.com/en/blog/ecosystem/binance-labs-invests-in-zircuit-to-advance-l2-with-aienabled-sequencer-level-security-1403715297509312064
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Top 10 Protocols on zkSync Era by Total Value Locked
Let’s compare the top 10 DeFi-protocols on zkSync Era L2 by current TVL in USD, according to DefiLlama.com, in order to evaluate networks adoption scale. With over $54M in TVL, SyncSwap is the leader by locked liquidity, followed by zkSwap, Koi Finance and others.
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Squads has raised $10M in a Series A funding round led by Electric Capital
Squads has secured $10M in a Series A funding round led by Electric Capital. Other investors in the round include Coinbase Ventures, Placeholder VC, RockawayX and L1 Digital. Moreover, Squads launched Fuse, its Solana-based retail-oriented iOS wallet app, on public TestFlight.
Squads is a multisig protocol that helps crypto firms secure and manage their digital assets on-chain. Previously, it has raised $12.5M in three funding rounds backed by Delphi Digital, Collab+Currency and others.
🔗 theblock.co/post/299287/solana-multisig-protocol-squads-funding-fuse
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Top 7 Biggest Token Unlocks in the Next 7 Days
Monitoring of vested tokens and future unlock events is an important step to make more cautious and, in the end, better trading decisions. Let’s take a look at this and some other biggest unlocks coming in the next 7 days, including $APT, $ARB, $UNI, $STRK, $SEI, $IMX and $NGL according to CryptoRank.io.
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ZKsync will announce token allocation details this week
ZKsync has unveiled the governance community of its protocol - ZK Nation. The protocol will launch its native token and empower token holders to delegate, propose protocol upgrades, deliberate, and vote through ZK Nation's onchain governance framework. More details will be unveiled this week about the ZKsync protocol delegation process, ZKsync’s protocol token allocation, and how users can actively contribute to the evolution of ZKsync.
ZKsync is a trustless Layer 2 protocol for scalable low-cost payments on Ethereum, powered by zkRollup technology. Its main network, zkSync Era, has around $822M in assets deposited. Matter Labs, the developer of ZKsync, has raised $458M in funding rounds backed by Consensys, DragonFly, a16z, Blockchain Capital, Placeholder, Lightspeed Venture and others.
🔗 blog.zknation.io/introducing-zk-nation
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Aark Digital [AARK] has conducted initial listing on Bybit, Bitget, and Gate
Aark Digital $AARK has been initially listed on Bybit, Bitget, and Gate on June 10th, at 8:00 AM UTC. Aark Digital builds a 'Leverage Everything' perpetual DEX for professional traders and LPs. It has raised over $6M in two funding rounds backed by HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, Delphi Digital, OKX Ventures, IVC, Metavest and others.
Previously, Aark Digital conducted IDO on Ape Terminal. IDO price is $0.035. IDO hardcap is $350K. Current $AARK price is $0.093 (x3). Current market cap is $6.45M. Current FDV is $93M.
🔗 x.com/Bybit_Official/status/1799018469368988009
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Top 7 Crypto Fundraising Rounds of the Week
Let’s take a look at the top 7 biggest private crypto fundraising rounds completed in the previous week, backed by crypto venture investors including Dragonfly, Founders Fund, Bain Capital, Animoca Brands, Hack VC, Hashkey Capital and others.
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Aark Digital [AARK] will conduct listing on Bybit, Bitget, and Gate on June 10th
Aark Digital $AARK will be listed on Bybit, Bitget, and Gate on June 10th, at 8:00 AM UTC. Previously, Aark Digital conducted IDO on Ape Terminal. IDO price is $0.035. IDO hardcap is $350K. Initial market cap is $2.43M.
Aark Digital builds a 'Leverage Everything' perpetual DEX for professional traders and LPs. It has raised over $6M in two funding rounds backed by HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, Delphi Digital, OKX Ventures, IVC, Metavest and others.
🔗 x.com/Bybit_Official/status/1799018469368988009
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Top 10 Centralized Futures Exchanges by Volume in last 30 days
While users are gravitating towards derivatives DEXes lately, futures’ trading volume on centralized exchanges is still massive. Let’s compare the top 10 centralized futures exchanges by trading volume in the last 30 days, according to CryptoRank.
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Mountain Protocol has raised $8M in a Series A funding round led by Multicoin Capital
Mountain Protocol has secured $8M in a Series A funding round led by Multicoin Capital. Other investors in the round include Castle Island Ventures, Coinbase Ventures, BanklessVC, Wormhole Ecosystem Fund, The Department of XYZ, and Aptos. Mountain Protocol is the issuer of USDM, the first regulated permissionless yield-bearing stablecoin, backed by US Treasuries.
In 2023, Mountain Protocol raised $4M in a seed funding round backed by Coinbase Ventures, Daedalus, Castle Island Ventures and others. With the new funding, Mountain plans to expand to other EVM chains, such as Avalanche, Polygon zkEVM, Gnosis, Scroll, Linea, and Celo, as well as other non-EVM chains, including Solana, Aptos, Cosmos, and Near.
🔗 x.com/MountainUSDM/status/1798740504911442339
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Top 7 Listings Anticipating in Coming Weeks
Some notable crypto projects have announced initial listings of their tokens in the coming weeks. Let’s take a look on some anticipated listing, including Aethir $ATH, ZKsync $ZK, Mystiko Network $XZK, NATIX Network $NTXT, Blast $BLAST, LayerZero $ZRO and zkLink $ZKL.
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XION integrates with Picasso to bring Chain Abstraction solution to Solana ecosystem
XION and Picasso are integrating to bring Chain Abstraction solution to the Solana ecosystem by combining XION's chain abstraction capabilities with Picasso's cross-chain capabilities. Through this integration, native assets from both ecosystems will be able to flow freely, vastly enhancing access and liquidity.
In addition, users will be able to interact seamlessly across ecosystems and applications using a single account, regardless of the underlying infrastructure powering those applications.
Ponder [PNDR] has announced a partnership with Native
Ponder $PNDR teams up with Native, a liquidity solution that delivers efficient capital mobility and comprehensive DeFi services across various chains. Through this partnership, Native has integrated into the Ponder engine. Moreover, Ponder launched the Ambassador program with $PNDR and $USDT as rewards.
Ponder builds a solution providing a fully integrated comparison tool for crypto-based operations. Previously, it announced IDOs on Ape Terminal and WePad.
🔗 x.com/Ponder_One/status/1800201474179543414
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Zesh [ZESH] has integrated Arbitrum into Zesh Portal
Zesh $ZESH has integrated Arbitrum $ARB into Zesh Portal, a zkML AI-driven SocialFi solution that combines worthwhile engagement and trust among participants. Through this integration, projects can run campaigns, issue rewards in $ETH on the Arbitrum network, and engage in on-chain tasks. Previously, Zesh announced that its initial market offering features an integrated reward campaign and payment system with gamification.
🔗 x.com/ZeshApps/status/1800485162414706738
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Top Exchanges by Liquidations in last 7 days
The vast majority of the casualties were long positions last days, with more than $946M liquidated in total. Let’s take a look at the top exchanges by liquidations of longs and shorts within last week, according to Coinglass.com.
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ZKsync will airdrop over 3.6B ZK tokens to 696K eligible wallets
ZKsync has announced 3.675B $ZK token airdrop (17.5% of total supply) to 695,232 eligible wallet addresses. Eligibility and allocations for the airdrop were based on a snapshot of activity on ZKsync Era and ZKsync Lite taken on March 24th. The community airdrop is based on a points system. Wallets received points for actions, such as interacting with 10 smart contracts on ZKsync Era, depositing liquidity into DeFi protocols and trading more than 10 ERC-20 tokens, among others.
Users can check Airdrop eligibility here 👉 claim.zknation.io
Zyfi has announced the closure of a $2M private funding round
Zyfi has secured $2M in a private funding round. Investors in the round include Tenzor Capital, Everstake Capital, v3ntures, Majinx Labs, ZBS Capital, Alpha Praetorian Capital, NxGen, Criterion VC and several angel investors.
Zyfi is a paymaster-as-a-service that focuses on flexibility and ease of integration and is built on top of ZKsync’s native account abstraction. Zyfi is integrated by many dApps in the ZKsync ecosystem such as ZeroLend, Gravita, Increment Fi and zkMarkets.
🔗 mirror.xyz/0x9FFC14AB8754E4De3b0C763F58564D60f935Ad6F/4lcnYdArgMRcJ6pDzwzVkrcKGT7a6kOyGQZu3CFiKLI
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UwU Lend [UWU] is hacked for over $20M in ongoing exploit
UwU Lend $UWU protocol is hacked for nearly $20M. The attack is still ongoing, $WBTC and $DAI were drained from the pools and converted to $ETH. The $14M exploit was first discovered by on-chain security firm Cyvers.
UWU lending contract was exploited by an attacker who executed 3 transactions in 6 minutes. The attacker was funded from Tornado Cash 2 days ago.
Nexus has raised $25M in a Series A funding round co-led by Lightspeed Venture and Pantera Capital
Nexus Laboratories has secured $25M in a Series A funding round co-led by Lightspeed Venture and Pantera Capital to expand zero-knowledge privacy tools. Other investors in the round include Faction Ventures, Dragonfly, and Blockchain Builders Fund.
Nexus is a modular, extensible, open-source, highly parallelised, prover-optimized, contributor-friendly, zkVM written in Rust, focused on performance and security. Previously, it raised $2.2M in a funding round backed by Dragonfly, Alliance, SV Angel and Blockchain Builders Fund.
🔗 fortune.com/crypto/2024/06/10/nexus-laboratories-raises-25-million-from-pantera-and-lightsped-to-expand-zero-knowledge-privacy-tools
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Arbitrum will distribute $215M worth of ARB to Gaming Ecosystem Fund
Arbitrum DAO approved a proposal to allocate 225M $ARB (worth around $215M) over three years to a newly-created Gaming Catalyst Program, with aim to support gaming projects on the network. The proposal is designed to expand awareness and encourage builders and players in the gaming community to adopt Arbitrum/Orbit/Stylus.
Within the initial time frame of the program (3 years), the goal is to establish Arbitrum as a de facto leader for on-chain gaming, with 400-600 applications and 100-200 net funded games.
Top Upcoming Events of the Next Week
We compiled a list of top important upcoming events of the next week (June 10th - June 16th) among blockchain projects, including Aark Digital $AARK, Polyhedra $ZKJ, zkLink Nova $ZKL, bitSmiley $BIT, іo.net $IO, Aethir $ATH, Arweave $AR, zkSync $ZK, and NATIX $NATIX. Stay tuned!
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Aethir [ATH] will conduct initial listing on OKX and Bybit on June 12th
Aethir $ATH will be listed on OKX and Bybit on June 12th, at 10:00 AM UTC. Previously, Aethir has announced 2.52B $ATH token airdrop (6% of total supply) to over 860K eligible wallet addresses. Airdrop will be divided into three seasons, with 630M tokens allocated to Season 1 rewards.
15% of total ATH supply is allocated for Aethir Checker Node rewards and 35% for Aethir cloud computing Container operators.
Param Labs [PARAM] has announced a partnership with GAIMIN [GMRX]
Param Labs $PARAM, a game studio specializing in AI and blockchain technologies, has teamed up with GAIMIN $GMRX, a Web3 gaming platform and game launcher powering AI tech. Through this partnership, GAIMIN’s IP will come to life in Param's first game, Kiraverse Game, as a playable avatar.
Param Labs raised $7M in a funding round backed by Animoca Brands, Delphi Ventures, Cypher Capital, P2 Ventures, Mechanism Capital, Merit Circle and others. Current $PARAM price is $0.06. $PARAM FDV is $120M. Current $GMRX price is $0.0036. $GMRX FDV is $357M.
🔗 x.com/ParamLaboratory/status/1798820582618014207
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Top Blockchains by Number of Transactions in last 7 days
Let’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to Artemis.xyz, in order to evaluate their current adoption and performance.
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Top Ethereum Protocols by Total Value Locked
The total value of assets locked in Ethereum $ETH is around $67B, according to DefiLlama.com. Let’s compare the top DeFi-protocols on Ethereum chain by current TVL in USD, in order to evaluate their adoption scale. Particularly, EigenLayer's total value locked has just surpassed $20B for the first time.
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