June 27: Immunefi, an on-chain crowd-sourced safety platform, launched its “Crypto Losses in Q2 2024 report,” exhibiting a lack of $572 million to hacks and rug pulls in Q2 2024, a 112% improve in comparison with the identical interval in 2023. In line with the group: “This brings the total losses to over $920 million year-to-date, with May 2024 witnessing the highest monthly losses at $358 million. CeFi was the main target of successful exploits at 70%, compared to DeFi at 30% of the total losses in Q2.”
Tezos, Sensible-Contract Blockchain of ICO Fame, Reveals ‘X’ Roadmap That includes ‘Canonical Rollup’
June 27: Developer groups behind the Tezos blockchain unveiled “Tezos X,” a set of technological upgrades they are saying may carry a “huge boost in performance, composability and interoperability.” The roadmap, setting out a improvement plan for the subsequent two years, requires splitting off transaction execution right into a separate “canonical rollup” that will help “atomic transactions across smart contracts written in different programming languages.” The primary Tezos blockchain would function a base layer for consensus and settlement. (XTZ)
REDACTED, Constructing Web3 ‘Leisure Datasphere,’ Raises $10M
June 27: REDACTED, constructing an ecosystem of merchandise to type an “entertainment datasphere,” has raised $10 million in funding, co-led by Spartan Group with Saison Capital, Animoca Manufacturers, Polygon Ventures Web3 founders, VCs, angel traders and whales like Dingaling and Grail, in line with the group: “REDACTED’s data protocol enhances entertainment and gamification products, offering better, more targeted experiences.”
SCrypt, Web3 Improvement Platform, Launches Instrument Equipment for UTXO Blockchains
June 27: SCrypt, a full-stack Web3/blockchain improvement platform, has introduced the launch of a developer instrument package designed for Unspent Transaction Output (UTXO) blockchains. In line with the group: “UTXO is the method the Bitcoin protocol uses to track balances as they move between digital wallets. The UTXO model is essential for maintaining the security and integrity of blockchain networks and solves the double-spend problem…. Xiaohui Liu, founder and CEO at sCrypt, said, ‘Historically, Web3 applications have been largely built on account-based blockchains like Ethereum and Solana. Ordinals have brought renewed development interest back to Bitcoin and UTXO blockchains.’ The sCrypt platform provides comprehensive toolkits such as Software Development Kits (SDK) and Application Programming Interfaces (APIs) that allow developers to seamlessly integrate UTXO blockchains into their applications. The platform will also integrate a vast ecosystem of JavaScript/TypeScript developers, estimated at 13 million globally.”
Rebar Labs Raises $2.9M to Construct “MEV-Aware Infrastructure” for Bitcoin
June 27: Rebar Labs, constructing “MEV-aware infrastructure, products and research” for Bitcoin, has raised $2.9 million in seed funding, in line with the group: “Led by 6th Man Ventures, with participation from ParaFi Capital, Arca, Moonrock Capital and UTXO Management, the company aims to address MEV challenges in Bitcoin’s expanding ecosystem. As new protocols like BRC-20s, Runes, L2s and rollups emerge, MEV strategies similar to early Ethereum DeFi are appearing on Bitcoin. Rebar Labs is developing solutions to ensure fair value distribution, enable efficient markets and improve user and miner experiences in the Bitcoin ecosystem.”
BVNK Launches ‘Layer1,’ Self-Custody Infrastructure for Stablecoin Funds
June 27: BVNK has launched Layer1, a self-custody infrastructure for stablecoin funds, “enabling fintechs to enter the market swiftly while ensuring data privacy,” in line with the group: “Layer1 simplifies blockchain payment infrastructure by handling wallet and asset management, reconciliation and third-party integrations. The self-custody infrastructure allows businesses to integrate digital asset payments with under 200 lines of code in weeks.”
Chainlink Knowledge Streams Launches on Avalanche, Utilized by Decentralized Perps Alternate GMX
June 27: Chainlink Knowledge Streams has formally launched on Avalanche, with GMX as a launch accomplice utilizing Knowledge Streams to assist energy its decentralized perpetual alternate, in line with the group: “By supplying high-frequency market data using robust, decentralized infrastructure, Data Streams enables high-throughput DeFi products to create a seamless user experience comparable to CEXs while providing unprecedented on-chain execution speed and battle-tested security infrastructure.” (LINK)
Validator Infrastructure Supplier SSV Extends Incentivized Mainnet Program By means of December
June 27: Validator infrastructure supplier SSV Community has revised its incentivized mainnet program (IMP) after a profitable decentralized governance vote, in line with the group: “Key updates include extending the program to December 2024, restructuring reward tiers and excluding SAFE multisig wallets from eligibility. The new tiered rewards system offers significant APR boosts to early validators, enhancing incentives for participation. The revisions aim to maximize rewards, encourage validator engagement, and address previous program limitations.”
Cobo Launches ‘Portal’ for Companies, That includes ‘All-in-One Pockets Platform’
June 27: Cobo, a crypto custody and pockets infrastructure supplier, launched “Cobo Portal, a one-stop platform that streamlines the process for businesses to build on a highly scalable wallet infrastructure and manage their digital assets seamlessly,” in line with the group. Options embody: “1. All-in-One Wallet platform with Custodial Wallets, MPC Wallets, Smart Contract Wallets, Exchange Wallets. 2. Advanced Risk control–customizable user roles, on-chain and off-chain transaction policies, governance rules, approval workflows. 3. Seamless Development Environment- documentation & support across all popular programming languages, blockchain developers can quickly integrate Cobo’s WaaS (APIs & SDKs).”
Dfinity Basis Launches ‘UTOPIA’ for ‘Delicate Sectors’ Like Protection With ‘On-Chain Serverless Clouds’
June 27: DFINITY Basis, a serious contributor to the Web Pc Protocol (ICP) whereas additionally engaged on decentralized AI, has introduced the launch of “UTOPIA, aimed at tackling the $10 trillion global cybersecurity problem, through on-chain serverless clouds that offer unprecedented operational resilience and security,” in line with the group: “This tech is crucial for high-risk, sensitive sectors such as defense, utilities and financial services, ensuring unbreakable security and 100% digital sovereignty.”
Interoperability Venture Wanchain Launches Token Bridge to Polkadot Relay Chain
June 27: Wanchain, a layer-1 proof-of-stake blockchain targeted on interoperability, has launched a token bridge between the Polkadot Relay Chain and the Cardano blockchain community, in line with the group: “Despite clamor over the need for a bridge circulating in both communities, Wanchain is the first to successfully connect Polkadot and Cardano, accessible from the Wanchain Bridge Web Portal. Temujin Louie, CEO of Wanchain, said: ‘Wanchain believes in the need for interoperability between all networks, not just EVMs. We anticipate that this initial implementation will lead to further developments, such as cross-chain function calls between two non-EVM networks.'” (ADA) (DOT)
Theta Community Expands EdgeCloud Computing Platform
June 27: Theta Community is increasing its EdgeCloud computing platform, in line with the group: “The new Elite Booster feature empowers users to earn TFUEL and partner TNT-20 tokens for performing GPU AI tasks, according to the team: “Theta EdgeCloud is the primary hybrid computing platform for AI, video and rendering functions. It’s powered by Theta Edge Community’s 30,000+ distributed edge nodes and cloud companions, together with Google Cloud and Amazon Internet Providers. The decentralized mesh community presents over 80 PetaFLOPS of at all times obtainable distributed GPU compute energy.”
Worldcoin to Partner With Alchemy on Infrastructure for New World Chain
June 27: Worldcoin has announced that it is partnering with Alchemy to provide reliable infrastructure for World Chain, a new blockchain designed for humans, according to the team: “By partnering with Alchemy, World Chain builders may have rapid entry to a whole and complete Web3 developer platform together with each core and knowledge APIs, indexing options and a set of different instruments wanted by builders to energy their apps. Alchemy may also combine World ID into its instrument set and advertise as a basic piece of Web3 infrastructure, giving seamless World ID entry to tens of millions of builders worldwide.”
Rarimo’s Worldcoin Alternative RariMe Goes Live
June 27: Rarimo has unveiled RariMe, a competitor to Worldcoin, and an app that allows users to generate passport zero-knowledge proofs (ZKs) verifying their uniqueness without revealing their identity, the company announced on Thursday. Unlike Worldcoin which uses orbs to scan eyeballs, Rarimo uses smartphones to scan passports and verify its users. Identify frameworks usually have a third party approve credentials but ZKs ensure no personal data is shared while verifying identities.
Superchain Network, Anyone Protocol Form Partnership for Privacy Management
June 27: Superchain Network and Anyone Protocol have joined forces to revolutionize privacy management in decentralized environments, according to the team: “Leveraging Anybody Protocol’s DePIN Community ‘Anon’ and Superchain Community’s useable knowledge, this partnership ensures unparalleled safety, privateness, velocity and knowledge sovereignty. It addresses crucial privateness points within the crypto house, the place present knowledge suppliers expose shoppers to metadata logging and inference makes an attempt, posing main privateness dangers and compromising enterprise confidentiality.”
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