zkSync, a zero-knowledge (ZK) layer 2 scaler on Ethereum, has introduced its own token, zkSync (ZK), and is preparing to airdrop nearly 3.68 billion tokens in the upcoming week. The project announced on June 11 that 17.5% of the total supply of 21 billion tokens will be distributed to 695,232 eligible wallets, with the rest allocated for various purposes. The token's value reached $0.71 on exchanges like Aevo and PancakeSwap, estimating a market capitalization of approximately $14.91 billion. The airdrop will mainly benefit network users, with specific criteria to be met for eligibility. Additionally, a small percentage of tokens will be distributed to players of Crypto: The Game and holders of specific NFT collections. The remaining supply will be split between investors and the zkSync development team. The tokens will unlock gradually over three years, fostering community involvement and governance participation. Read more AI-generated news on: https://app.chaingpt.org/news

AI has been utilized to create a disturbing new image for a persistent problem with Amazon's Prime Video service. A recent screenshot revealed various options for streaming the 1957 version of 12 Angry Men on Prime Video, showcasing an AI-generated thumbnail for the free-to-watch version. The image depicted 19 distorted faces of angry men, sparking criticism on social media. Despite the unsettling artwork, the thumbnail leads to the original film, raising questions about the presence of multiple versions on the platform. Speculations suggest that content creators exploiting Amazon's Video Direct feature may be behind such discrepancies. This issue highlights the challenges faced by streaming platforms in maintaining content quality and authenticity. The incident underscores the importance of ensuring transparency and integrity in the digital content ecosystem, even in the realm of cryptocurrency and blockchain technology. Read more AI-generated news on: https://app.chaingpt.org/news

The Arbitrum Foundation, creators of the Ethereum rollup-based layer-2 network Arbitrum, have dedicated 225 million ARB tokens, worth around $215 million, to boost the gaming sector in their ecosystem. The Gaming Catalyst Program (GCP) aims to promote the adoption of Arbitrum, Orbit, and Stylus among game developers and players. Initially proposed in March and approved in June with over 75% of votes, the program received support from L2Beat, Wintermute, and Treasure DAO. Despite some opposition, the proposal was endorsed by Treasure DAO, emphasizing Arbitrum's potential in gaming. The program offers grants of up to 500,000 ARB for new developers and investment opportunities for established ones. A council of experts will oversee the program's operations and ensure funds are used efficiently. The GCP also enforces financial limits and prioritizes innovation and accountability in gaming development. Read more AI-generated news on: https://app.chaingpt.org/news

Wintermute CEO Evgeny Gaevoy believes Ethereum leaders must make a choice between supporting either a capitalist or socialist economic system, as attempting to do both is not feasible. Gaevoy argues that the Ethereum community, including Vitalik Buterin and Uniswap founder Hayden Adams, faces a contradiction by aiming to create products for positive societal change while also focusing on Maximum Extractable Value (MEV) and capitalist incentives. While Buterin emphasizes the importance of projects bringing value to society, Adams has no qualms about celebrity meme coins but criticizes rapper Iggy Azalea for her remarks towards Buterin. Despite the debate, Azalea's meme coin MOTHER has seen success in the market. The crypto world is witnessing a clash between ideologies as Ethereum ecosystem continues to grow, attracting both supporters and critics. Read more AI-generated news on: https://app.chaingpt.org/news

Cryptocurrency has emerged as a disruptive force in the financial world, challenging traditional banking systems. Its decentralized nature and blockchain technology have revolutionized transactions, offering security and transparency. The increasing popularity of cryptocurrencies like Bitcoin and Ethereum has led to a surge in investments and trading activities. This digital revolution has also sparked debates on regulation and the future of finance. As more people embrace digital currencies, the landscape of finance is evolving rapidly. The potential for growth and innovation in the crypto space is immense, attracting both investors and tech enthusiasts. With the rise of decentralized finance (DeFi) platforms and non-fungible tokens (NFTs), the crypto industry continues to push boundaries and redefine the way we perceive money and assets. Read more AI-generated news on: https://app.chaingpt.org/news

Cryptocurrency has emerged as a prominent player in the financial world, revolutionizing traditional banking systems. Its decentralized nature and blockchain technology have attracted investors seeking transparency and security. The surge in popularity of digital currencies like Bitcoin and Ethereum has led to a shift in how people perceive and use money. This shift has also prompted governments and financial institutions to adapt to the changing landscape. As more businesses and individuals embrace cryptocurrencies, the need for regulations and guidelines becomes increasingly important. The potential for growth and innovation in the crypto space is vast, with new projects and developments constantly emerging. The future of finance is being shaped by the rise of cryptocurrency, offering new opportunities and challenges for the global economy. Read more AI-generated news on: https://app.chaingpt.org/news

Cryptocurrency has become a prominent player in the financial world, revolutionizing traditional banking systems. The digital currency market has experienced significant growth, attracting both investors and consumers alike. With the emergence of blockchain technology, transactions are now more secure and transparent. This shift towards decentralized finance has led to increased interest in alternative investment options. Cryptocurrencies like Bitcoin and Ethereum have gained mainstream acceptance, with more businesses accepting them as a form of payment. The future of finance seems to be intertwined with the world of cryptocurrency, as it continues to disrupt and innovate the way we handle money. As the market evolves, it is essential for individuals to stay informed and educated about this new financial landscape. Read more AI-generated news on: https://app.chaingpt.org/news

Cryptocurrency has emerged as a disruptive force in the financial world, challenging traditional banking systems. Its decentralized nature and blockchain technology have revolutionized transactions, offering security and transparency. The increasing popularity of cryptocurrencies like Bitcoin and Ethereum has led to a surge in investments and trading activities. This digital revolution has also sparked debates on regulation and the future of finance. As more businesses and individuals adopt cryptocurrencies, the landscape of finance is rapidly evolving. The potential for growth and innovation in this sector is immense, with new opportunities and challenges emerging. Cryptocurrency's impact on the global economy is undeniable, shaping the way we perceive and engage with money. The future of finance is being reshaped by the rise of cryptocurrency, paving the way for a more inclusive and efficient financial system. Read more AI-generated news on: https://app.chaingpt.org/news

Cryptocurrency has emerged as a disruptive force in the financial world, challenging traditional banking systems. Its decentralized nature and blockchain technology have revolutionized transactions, offering security and transparency. The increasing popularity of cryptocurrencies like Bitcoin and Ethereum has led to a surge in investments and trading activities. This digital revolution has also sparked debates on regulation and the future of finance. As more people embrace digital currencies, the landscape of finance is evolving rapidly. Cryptocurrency's potential to democratize finance and provide financial inclusion to the unbanked is a driving force behind its growth. However, concerns about volatility and security remain prevalent. Despite these challenges, the adoption of cryptocurrency continues to grow, reshaping the way we perceive and interact with money. Read more AI-generated news on: https://app.chaingpt.org/news

Cryptocurrency has emerged as a prominent player in the financial world, revolutionizing traditional banking systems. The decentralized nature of digital currencies like Bitcoin has sparked a global interest in blockchain technology. This innovative approach to transactions offers increased security and transparency, challenging the status quo of centralized financial institutions. As more businesses and individuals adopt cryptocurrencies, the landscape of finance continues to evolve. The potential for growth and innovation in this sector is vast, with new opportunities for investment and technological advancements. The rise of cryptocurrency signifies a shift towards a more decentralized and inclusive financial ecosystem, empowering individuals to take control of their assets. As the market matures, it is essential for investors to stay informed and adapt to the changing dynamics of the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

Cryptocurrency has emerged as a disruptive force in the financial world, challenging traditional banking systems. The decentralized nature of cryptocurrencies like Bitcoin and Ethereum offers users greater control over their assets. This shift towards digital currencies has sparked debates among regulators and financial institutions. Despite concerns about volatility and security, many investors are drawn to the potential for high returns in the crypto market. The growing acceptance of cryptocurrencies for transactions and investments indicates a shift towards a more digital economy. As blockchain technology continues to evolve, the future of finance may be increasingly intertwined with cryptocurrencies. It is essential for individuals and businesses to stay informed about this rapidly changing landscape to make informed decisions regarding their financial strategies. Read more AI-generated news on: https://app.chaingpt.org/news

On-chain prediction markets are transforming how people forecast outcomes, spanning from sports to finance. Azuro, an on-chain predictions market protocol, simplifies building and engaging in prediction markets by offering advanced tools, oracle solutions, and a unique liquidity model. Dan Kaizer, Azuro's chief technology officer, discusses the current state of on-chain prediction markets, Azuro's distinctive protocol features, and the future potential of this evolving sector. Azuro's peer-to-pool liquidity model efficiently allocates liquidity across markets without overexposing providers. The recent $11 million funding round will further accelerate ecosystem development. Partnering with Chiliz aims to boost on-chain sports prediction market adoption. With over 25 apps on Azuro, attracting developers involved clear processes and high-quality documentation. The upcoming AZUR token generation event will decentralize protocol governance. The future of on-chain prediction markets looks promising, with Azuro exploring new business verticals and a native Ethereum layer 2 for optimized applications. Read more AI-generated news on: https://app.chaingpt.org/news

Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, has successfully retrieved $5.7 million with the help of Norwegian authorities following the Ronin Bridge incident of 2022. Norway's Økokrim froze and returned the funds on June 7, with collaboration from law enforcement, lawyers, accountants, and blockchain forensic teams like Chainalysis. The recovered funds will go back to the Axie Infinity treasury, with a portion allocated for recovery expenses. Additionally, $40 million in digital assets have been frozen for future retrieval. Despite the costly security breach, Sky Mavis raised $150 million to compensate affected users and enhance Ronin blockchain security. The incident, involving a $612 million theft, highlights the importance of cybersecurity in the crypto space. Axie Infinity's resilience and collaboration with validators like Google Cloud have reinforced its position as a leading blockchain for NFTs. Read more AI-generated news on: https://app.chaingpt.org/news

Unstoppable Domains and Blockchain.com have collaborated to introduce and commercialize a Web3 domain system with the domain name extension '.blockchain'. The partnership involves registering the .blockchain Web3 domain with ICANN, the global authority on IP addresses and domain names. By the second quarter of 2026, ICANN will introduce new generic top-level domains (gTLDs), giving Unstoppable Domains and Blockchain.com a year to prepare for the application process. Blockchain.com has amassed 40 million verified users, generated over 90 million crypto wallets, and facilitated $1.2 trillion in crypto transactions. The partnership aims to boost Web3 adoption, with plans to offer specialized domain names for users, brands, and companies. Additionally, the ApeCoin community recently approved the registration of '.APE' as a new top-level domain with ICANN, led by D3 to make DNS domains interoperable across Web1, Web2, and Web3 applications. Read more AI-generated news on: https://app.chaingpt.org/news

Juan Tacuri, a key figure in the Forcount cryptocurrency Ponzi scheme, has admitted to a conspiracy to commit wire fraud in New York. The scheme, which amassed $8.4 million from Spanish-speaking investors globally, promised high returns from cryptocurrency trading and mining. Tacuri, a top promoter, profited significantly from the fraud. He is set to be sentenced in 2024 and faces up to 20 years in prison. Tacuri, along with two others, was charged for their involvement in the scheme. He used victim funds for personal luxuries and real estate. Many investors were lured in by lavish expos and false promises of financial freedom. Victims struggled to withdraw their investments, facing delays and hidden fees. The scheme even introduced a new cryptocurrency, 'Mindexcoin,' to attract more funds. Authorities vow to continue pursuing Ponzi schemers like Tacuri to protect vulnerable investors. Read more AI-generated news on: https://app.chaingpt.org/news

Robinhood, a stock trading app, is strengthening its position in the cryptocurrency market through the acquisition of Bitstamp exchange for $200 million. This move will allow Robinhood to cater to institutional clients in the US, pending regulatory approval, with the deal expected to be finalized by the first half of 2025. The decision to acquire Bitstamp was driven by the increasing demand for cryptocurrency products among customers. Since 2018, Robinhood has been enhancing its crypto offerings, starting with Bitcoin and Ether trading. The acquisition will grant Robinhood access to Bitstamp's institutional-grade services like lending, staking, and white-label solutions. Despite the acquisition, Bitstamp will retain its branding and regulatory licenses. This development signifies a significant step in Robinhood's crypto expansion strategy, as stated by Johann Kerbrat, the general manager of Robinhood Crypto. Read more AI-generated news on: https://app.chaingpt.org/news

Hats Finance, a platform focused on community-driven on-chain audit competitions and bug bounties, has joined the Cointelegraph Accelerator program. Smart contracts are crucial for DeFi, making regular audits essential to prevent attacks. However, only 44% of Web3 projects underwent audits in Q1 2024, posing security risks. Traditional audits are costly and time-consuming, often overlooking vulnerabilities. Hats Finance offers decentralized audit competitions, reducing time to patch vulnerabilities. It operates on a pay-for-results model, incentivizing auditors and ensuring quality assurance. The platform also provides bug bounty programs, rewarding submissions with project tokens. With $4 million in seed funding, Hats Finance plans to expand its competitions and engage more security researchers. By involving the community and streamlining the audit process, Hats Finance aims to enhance security for Web3 projects. Read more AI-generated news on: https://app.chaingpt.org/news

This week's newsletter highlights Galaxy Digital's use of a nonfungible token (NFT) of a historic violin as loan collateral, alongside a drop in NFT sales volume in May. The United States Treasury Department's concerns about NFTs and Bitcoin NFT milestones are also covered. Dapper Labs CEO Roham Gharegozlou's statement on NFTs not being securities after a lawsuit settlement is discussed. The newsletter also mentions the tokenization of a 300-year-old violin by Galaxy Digital and Animoca Brands co-founder Yat Siu for a loan. NFT sales saw a significant decline in May, with Bitcoin-based NFTs experiencing a 68% drop. The Treasury Department's risk assessment on NFTs, including security risks like terrorist financing, is outlined. Bitcoin-based NFTs reached an all-time sales volume of $4 billion, surpassing Ethereum-based collectibles. Dapper Labs settled a lawsuit by agreeing to pay $4 million and ensuring decentralization of the Flow blockchain. Stay tuned for more updates on the NFT space next week. Read more AI-generated news on: https://app.chaingpt.org/news

Cryptocurrency exchange Coinbase is set to introduce a smart wallet, providing enhanced convenience to users. The new Coinbase Wallet eliminates gas fees and the need for recovery phrases, streamlining the onboarding process. Users can create a new wallet and join a blockchain without downloading additional apps or receiving new recovery phrases. The smart wallet integrates with major apps, utilizing Face ID, Google Chrome profiles, fingerprint ID, or Yubikey for onboarding via a passkey stored on users' devices. Offering self-custody, the wallet allows payments from the user's Coinbase Wallet or account. Developers can opt to cover gas fees by sponsoring transactions. A web app serves as the primary platform, facilitating asset management, transactions, and more. Initially supporting various networks, the smart wallet will be free for users and developers. Coinbase plans to roll out the new wallet to current users in the near future. Read more AI-generated news on: https://app.chaingpt.org/news

The cryptocurrency community is urged to be vigilant against a potential surge in crypto airdrop scam emails following a data breach involving a popular email list management provider. Tether's CEO, Paolo Ardoino, raised the alarm to his followers, advising them to exercise caution. While the breached company's identity remains undisclosed, Ardoino assured that more information would be shared post-investigation. To combat phishing attempts, users are advised to verify email authenticity and enable two-factor authentication on crypto platforms. The breach was later confirmed by CoinGecko, impacting a crypto email newsletter vendor. Bobby Ong of CoinGecko cautioned users against clicking on any suspicious links related to a fake CoinGecko token. This incident underscores the ongoing threat of crypto scams and hacks, with over $574 million lost in May 2024 alone, marking a significant increase from the previous month. Read more AI-generated news on: https://app.chaingpt.org/news