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🧙‍♂️ Web3 digital identity network #Galxe (GAL) announced its Layer 1 blockchain Gravity. 🧙‍♂️ On May 29, spot #Bitcoin ETFs recorded net inflows of $28 billion. 🧙‍♂️ Grayscale experienced a $31 million outflow. 🧙‍♂️ BlackRock's spot #Bitcoin ETF saw inflows of $24 million. 🧙‍♂️ Fidelity ETF (#FBTC ) inflow was 17 million dollars. $BTC $GAL

🧙‍♂️ Web3 digital identity network #Galxe (GAL) announced its Layer 1 blockchain Gravity.

🧙‍♂️ On May 29, spot #Bitcoin ETFs recorded net inflows of $28 billion.

🧙‍♂️ Grayscale experienced a $31 million outflow.

🧙‍♂️ BlackRock's spot #Bitcoin ETF saw inflows of $24 million.

🧙‍♂️ Fidelity ETF (#FBTC ) inflow was 17 million dollars.

$BTC $GAL

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Binance Labs Announces Latest Altcoin Investment! Worker Chose This Project for Ethereum Scaling! Binance Labs, the $10 billion venture capital arm of giant cryptocurrency exchange Binance, announced an undisclosed investment in Ethereum Layer 2 network developer Zircuit. Zircuit is known for its innovative zero-knowledge (ZK) collection technology and offers “AI-enabled sequencer-level security.” This investment aims to support the growth of Zircuit and the further development of its network as it prepares for its mainnet launch this summer. Zircuit is an Ethereum Virtual Machine (EVM) compatible ZK rollup and sits alongside projects like ZKsync, Scroll and Linea. What sets Zircuit apart is its focus on sequencer-level security, a feature highlighted by Martin Derka, the project's co-founder and a former executive at Quantstamp. In traditional Blockchain systems, block proposers prioritize transactions based on availability. In contrast, Zircuit's sequencer uses artificial intelligence to examine transactions before they are included in blocks, identifying and isolating potential attacks. The primary purpose of this sequencer-level security is to prevent hacks and other attacks, thus providing a safer environment for developers and users. Derka explained that transactions identified as hacks are quarantined and not included in blocks, thus ensuring a safe transaction process within the Zircuit ecosystem. Founded in mid-2022, Zircuit is currently in the test network phase. The testnet was launched at the DevConnect 2023 event held in Istanbul last November, and the mainnet is expected to go live in the coming months. Although still in the testnet phase, Zircuit has already attracted a lot of attention with claims of over $3.5 billion in staked assets. The “Build to Earn” program received more than 1,100 applications, and the project has established partnerships with many notable organizations, including #Ethena , #Renzo , Ether.fi, #KelpDAO , #Elixir , #Ambient , Pendle and LayerZero. $BTC $ETH
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Lykke Hack: 22 Million Dollars of Bitcoin and Altcoins Stolen, Transactions Suspended. UK-based cryptocurrency exchange Lykke stopped its operations after detecting a security vulnerability. The attack, discovered by cyber security analyst SomaXBT, caused a loss of 22 million dollars as a result of unauthorized access. Blockchain analysis revealed that the stolen assets included large amounts of Bitcoin, #Ether , #Litecoin , #Bitcoin Cash and other altcoins. In an advanced laundering maneuver, the stolen Ether was converted into a stablecoin called DAI through various accounts. Regulators and community members responded quickly to Lykke's announcement. Although the exchange assured customer funds were safe, it noted that there were discrepancies in some account balances. #CEO Richard Olsen acknowledged the security vulnerability in his statement to users and emphasized that this incident would be thoroughly investigated. “Lykke is an institution with well-capitalized and diversified operations. Your funds are safe,” Olsen assured. This incident in Lykke once again revealed the ongoing security vulnerabilities in the cryptocurrency industry. Just a few weeks ago, another exchange, DMM Bitcoin, reported losing $320 million in a hack. Similarly, #DeFi platform UwU Lend Protocol recently suffered a $19.3 million security breach. Such incidents urgently highlight the need for increased security mechanisms across digital platforms. Experts say stricter security protocols and increased regulatory oversight are essential to protect investor assets. The Lykke hack incident once again demonstrated the critical importance of robust security measures in the cryptocurrency industry. Investors and stakeholders should demand higher security standards from exchanges, and regulators should examine these platforms more carefully. As the industry grows, ensuring the security and reliability of crypto exchanges will continue to be of utmost importance. $BTC $LTC $ETH
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🧙‍♂️ The most profitable cryptocurrencies of the day. 🧙‍♂️ Crypto projects with the highest staking rate. $SUI $APT $ICP
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Introducing Randy Charach, our New Head of Film Development "I love how Mogul is a crypto based crowdfunding platform for film; among other things. It combines elements of show and business that greatly appeal to me." Read Randy's full Q&A: https://mogulproductions.com/post/randy-charach-mogul-head-of-film-development-qa/ Also set your reminders for Mogul Live tonight with @randycharach and @James_Pratt7 👇 https://x.com/i/spaces/1BdxYrydzrvKX
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