Crypto hacks continue to erode mainstream trust as stolen funds surpass $1.4 billion in 2024, with centralized exchanges becoming the main target. Meanwhile, promising infrastructure developments from industry-leading Web3 firms, including MetaMask, Polygon, and StarkNet, could bolster mainstream adoption. StarkNet plans to introduce staking by the end of 2024, and MetaMask has unveiled a toolkit to ease Web3 onboarding. In partnership news, SingularityNET and Filecoin have announced a collaborative partnership, and TON Application Chain and Polygon are set to bring EVM functionality to the TON ecosystem. Despite these developments, investor sentiment remains pressured with Bitcoin trading under the $60,000 mark.
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