1. Indian Layer 1 blockchain White Shark completes $16 million financing
According to Cryptonewsbtc, the artificial intelligence-based Indian Layer 1 public blockchain White Shark announced the successful completion of a $16 million round of financing. The investors were not disclosed. The investment will be used to further develop and deploy its groundbreaking blockchain technology, which aims to revolutionize the industry with its speed, intelligence and versatility. According to the official website, the Beta version of the White Shark testnet will be launched on July 31, 2023. White Shark provides a variety of services (BaaS) and platforms (PaaS), all of which are built on blockchain technology and are easy to integrate across platforms. The 3 A and S principles followed by White Shark are accessibility, adaptability, affordability, security, sustainability and speed.
2. Worldcoin’s World App becomes the largest deployer of Polygon Network Safe Wallet
Worldcoin tweeted that every World App user will have an Ethereum smart contract wallet deployed on the chain, which will use account abstraction to improve security, and its underlying layer uses Safe's account abstraction stack. To date, World App has become the largest Safe wallet deployer on Polygon. Dune data shows that the number of Safe wallets deployed by World App users on the Polygon chain has reached 1,286,439.
3.SignalPlus: US indices close strong
The major US indices closed out the week strongly, with the SPX up 1.3% and the Nasdaq up more than 2%. The deadly combination of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla has risen more than 40% year to date, leaving the rest of the SPX 493 up just 1%. The performance gap between the market-cap-weighted S&P 500 and the equal-weighted S&P 500 has widened this year to its largest level since 1999, when Web 1.0 was about to change the world.
4. Memeland launches user-participation games where users can claim Memecoin tokens
NFT project Memeland announced on Twitter that it has launched a game that can claim Memecoin tokens. Users can collect and claim Memecoin tokens by participating. Previously, Chen Zhancheng, CEO of 9GAG, the Meme community behind Memeland, tweeted that the MEM token will be launched soon (possibly), and said that 9GAG's goal is to make Memeland a top Web3 company and Memecoin a top token.
5. ETHShanghai 2023 Developer Summit is now open for pre-registration, and the hackathon will be held next month
ETHShanghai 2023, hosted by Mask Network, will be held from June 25 to June 30. The event will be divided into two parts: a five-day offline hackathon (25-29) and a two-day offline main venue (29-30). ETHShanghai 2023 is now open for pre-registration, and developers can register by visiting the official website. This developer summit will focus on the Ethereum open source technology ecosystem, focusing on the underlying infrastructure of blockchain technology, decentralized storage, on-chain data processing, Layer 2, zero-knowledge proof technology, DID, developer tools, and the combination of Web3 and AI. It will conduct in-depth discussions on multiple topics such as Web3 digital economy, the future of decentralized social networking, and Asian Web3 developers. It is reported that the preparation of ETHShanghai 2023 is led by Mask Network, a core member of the community, and its members include THUBA Tsinghua Blockchain Association, ChainIDE, and Moonshot Common Moon Landing Workshop.
6. Data: Ordinals has minted nearly 9.9 million inscriptions, with a total fee income of approximately US$44.15 million
Dune data shows that the total number of inscriptions minted by the Bitcoin NFT protocol Ordinals has reached 9,896,774. The cumulative fee income has reached 1,570.4278 BTC, worth $44,153,522.
7. Aavegotchi developer revenue increased 200% to $11.3 million in fiscal 2022
According to Tech in Asia, in the fiscal year ending July 31, 2022, the revenue of PixelCraft Studios, the developer of the metaverse game Aavegotchi, increased by 200% to US$11.3 million. Although revenue increased, administrative and other expenses increased to US$10.8 million, a surge of 609% from the previous year, indicating that it invested in business expansion and activities to support the company's growth. After deducting income tax expenses, PixelCraft Studios' profit for the fiscal year was US$574,000, a year-on-year decrease of 82%.
8. Do Kwon entrusts Dacheng Law Firm to handle the prosecution and investigation by the US prosecutors
According to Digital Asset, Terraform Labs co-founder Do Kwon has hired the world-renowned law firm "DENTONS" to help him deal with the prosecution and investigation by the US federal prosecutor. It is reported that Dacheng ranks sixth in the 2023 global law firm rankings. It has 12,000 lawyers, making it the law firm with the largest number of lawyers.
9. Researcher: An asset bridging vulnerability in Polygon zkEVM has been fixed, and no funds are at risk
Scroll blockchain security researcher iczc tweeted that a vulnerability was found in Polygon zkEVM and received a L2 vulnerability bounty from the Web3 bug bounty platform Immunefi. The vulnerability prevents assets bridged from L1 to Polygon zkEVM (L2) from being correctly claimed in L2, thus hindering asset migration from L1 to L2. iczc found in the code logic that processes the pre-execution results of claim transactions (claim tx) that malicious attackers can bypass the "isReverted" pre-execution check of claim transactions by setting the gas fee to non-zero, allowing them to DoS sequencers and validators by sending a large number of low-cost claims, thereby increasing computational overhead. In addition, transactions are not deleted from the pool immediately after execution. The status is updated from "pending" to "selected" and continues to exist in the PostgreSQL database. Currently, only one trusted sequencer is able to obtain transactions from the transaction pool and execute them. Therefore, another vulnerability is to maliciously mark any deposit number by sending a failed transaction. This will cause the claim transaction that correctly uses the deposit number to be rejected because the deposit number has already been used. This made it impossible for new users to use the L2 network. The Polygon zkEVM team fixed this vulnerability by removing the specific gas logic for claiming transactions, and no funds were at risk.
10. Gaming KOL: "Grand Theft Auto 6 will introduce the Play-to-Earn mechanism" is a rumor
Regarding the recent rumors that Grand Theft Auto 6 will introduce a Play-to-Earn mechanism that allows players to earn cryptocurrencies, Web3 game KOL and anchor Brycent said that this is a rumor that has already appeared in 2022. Brycent said that the element of cryptocurrency will appear in Grand Theft Auto 6, but it will not have real-world value, but will be similar to the stock market that appeared in Grand Theft Auto 5.
11. The Stargate community is voting on the proposal to “upgrade the EqReward design”
The Snapshot voting page shows that the cross-chain bridge Stargate community is voting on the "Upgrade Stargate EqReward Design" proposal, which currently has a support rate of 92.6%. The voting will end on May 31. The proposal proposes to cancel the discount given to rebalancing transfers so that they pay less protocol fees (keep the protocol fees for all transfers at 6-10 basis points); update the feelbrary so that the maximum eqReward allocated is the maximum protocol fee for that path (6-10 basis points), which means that rebalancing protocol users will receive 0 fees, but will not receive additional rewards for doing so. The above updates will not have a substantial impact on the Stargate core protocol. By modifying the feelbrary, only returning fees instead of providing rewards, users will not be able to obtain additional eqRewards, allowing the protocol to retain more eqRewards and incentivize the continuous balance of Stargate. Earlier on May 25, a Twitter user claimed that there was a suspected bug in Stargate, and a whale repeatedly added and removed liquidity for arbitrage. The smart contract developer 0xlittledevil responded that this whale arbitrage was not a bug, and LayerZero would deploy a new Fee library to optimize the distribution efficiency of eqRewards.
12. Web3 browser Opera plans to launch a blockchain-based points system
Web3 browser Opera announced on its official website that it has launched a rewards program called "Opera Points", which will be launched first in Spain, Brazil and Mexico. Users can earn "Opera Points" when shopping and store them in their native wallet Opera Wallet. The points reward program currently supports currency exchange such as US dollars and euros, and will soon support other products in the Opera ecosystem. In addition, Opera plans to launch a blockchain-based points system in the next step, providing users with a Web3-based online shopping method and the ability to exchange "Opera Points" for encrypted assets.
13. The Injective community is voting on the Avalon mainnet upgrade proposal
According to the official Twitter and governance website, the community of Injective, the Cosmos ecosystem smart contract platform, is voting on the Avalon mainnet upgrade proposal, which will bring L1 scalability optimization, sub-second block time, and PoS delegation transformation. If passed, the upgrade is expected to take place later this week. The proposal currently has a support rate of 99.61%, and the quorum has been reached. The voting will end on June 1.
14.Open Campus will launch Golden Backpacks and Silver Notebooks series NFT free minting
According to the official Twitter, Web3 education protocol Open Campus will soon launch Genesis NFT free casting for campus on BNB Chain, which will be divided into two categories: Golden Backpacks and Silver Notebooks, with a total issuance of 1,333 and 5,333 respectively. Unclaimed and unallocated NFTs will be kept in the vault for future partnerships/gifts. The casting will be carried out on its official website, and more details will be announced later. The casting list will be frozen after June 3, and you can check whether you are eligible for casting on the official website.
15. Biden announced that he had reached a final debt ceiling agreement with House Speaker McCarthy and would submit it to Congress for a vote
According to CCTV News, US President Biden said in a speech that he had reached a final agreement with House Speaker McCarthy on raising the debt ceiling and urged Congress to pass the agreement as soon as possible. Biden said that the debt ceiling agreement was a very important step forward. The agreement prevented the worst crisis and eliminated the threat of catastrophic default. He strongly urged the House of Representatives and the Senate to pass the agreement. According to CNN, citing sources, members of the House of Representatives will return to Washington on the evening of the 30th and are expected to vote on the 31st.
16.BitDAO: Currently there is no airdrop or staking reward for BIT
BitDAO tweeted that there are currently no airdrops or staking rewards for BIT. The official team reminded users to remain vigilant and avoid being scammed.
