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Daily news roundup with the 🦙
1/2 News📰
> Fault proofs live on Base mainnet
> Solayer RWA backed stablecoin
> Eclipse launches ETH unified restaking token
> Paxos introduces new stablecoin USDG
> NEBRA zkp launches aggregation tool on World Chain
> Multiplier testnet live on Abstract
> Karak Data Availability Marketplace live on Testnet
> OpenBlock update on Linea's LXP-L Campaign
> Argot Collective spinning out of Ethereum Foundation
> Timedotfun migrating from Base to Solana
> Justin Drake and Dankrad Feist both resign from their Eigenlayer advisorship>
> Franklin Templeton launches tokenized money fund on Base
> Tether Attestation for Q3/2024
> Kraken lays off staff, announcing new co-CEO
> dYdX cutting 35% of their team
> Partner at DWF, Eugene Ng, allegedly spiking a potential hire's drink
> Zircuit Fairdrop to EIGEN holders
Layer 1 & 2⛓
> Solana with Micro Validators
> OP Succinct with Celestia Underneath
> PowdrVM 0.1 release, zkVM with multi-prover support
> Unichain introducing a new validation network
Middleware 🪢
> Jito restaking deposits are live
DeFi 🏦
> GMX bringing their perp dex to Solana
> Krav perp dex rebrands to Rave and intends to launch on Initia's interwoven stack
> Ethereum Staking Penalty Simulator
Reads 📚
> Possiable futures of the Ethereum protocol, part 6 The Splurge
> Story of Sabliers discontinued project called Sablier Mainnet
> Starknet: Ethereum's Dreadnought is Back
> Electric Capital Global Crypto Developer Data
> Dependency funding round dynamics
> FUTARCHY AS TRUSTLESS JOINT OWNERSHIP
> Polylogarithmic Proofs for Multilinears over Binary Towers
> Sam Kazemian new system for valuing digital commodities vs gov tokens
> How to Hedge IL in Uni V2 & V3 Using GammaSwap's Straddle
Raises💰
> Glow Fiybdatuib rauses $30m funding
> Ellipsis Labs $21m fundraise
> Citrea $14m series A funding
> Gelato Series A+ $11m funding
> Sapien AI $10.5m seed funding
> Phylax $4.5m pre-seed funding
> Hana Network $4m builders round
> CAP Labs $1.9m pre seed funding
> KRNL Labs $1.7m pre seed funding
> Bridge acquires Web3 Wallet Platform Triangle
Security 🛡
> Venn decentralized firewall testnet live
> M2 exchange $13.7m cybersecurity incident
> Radiant Capital's Ethereum markets are now unpaused
> Malicious token contract cointains hidden code that bypasses token allowance
Development⚙️
[Syndica Cloud V2 RPC implementation](https://x.com/Syndica_io/status/1852026712877322265(forward from ****)) France to ban users’ access to Polymarket: report> 1
> 1: https://www.dlnews.com/articles/regulation/france-to-ban-users-access-to-polymarket-website-report/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Here are the people who could replace crypto foe Gary Gensler> 1
> 1: https://www.dlnews.com/articles/regulation/crypto-allies-poised-to-run-sec-after-chair-gensler/?utm_source=telegram&utm_medium=organic_social&utm_campaign=Llama news round-up: smol edition this week as Intern is in Bangkok for devcon🇹🇭
News 📰
> Wintermute's prediction market: OutcomeMarket
> Story’s final testnet, Odyssey, is now live
> Degen chain migrating away from conduit
> Biconomy acquires Klaster building modular execution enviroment
> L2BEAT's dashboard for data availability
Layer 1 & ## 2 ⛓
> Magic Labs Unveils Chain Unification Network 'Newton'
DeFi 🏦
> Euler Prime - a bespoke lending market to provide the most capital efficient lending experience
> Governance proposal submitted to enable fee switch for ENA
> USDxl: yield backed stablecoin by Last
> Vote to allow for MORPHO transferability passed
> BounceX, perpetual exchangepowered by AUCTION token
MEV ⚡️
> Rollup-Boost availble on Conduit rollups
Reads 📚
> pm-AMM: A Uniform AMM for Prediction Markets
> From prediction markets to info finance
> The Practical Guide to Ethereum Rollups
> Aerodrome: The Onchain Liquidity Engine
> Tethered to Dominance: Tether's Future in a Trump Presidency
**## Raises 💰 ** > vlayer $10m pre-seed funding
> Rekt Brands $1.5m seed fundung
> Binance Labs investing in BIO Protocol
Security 🛡
> DeltaPrime exploited fore $4.75m
Development⚙️
> Solar: implementation of Solidity compliler in rust
> ColliderScript: Covenants in Bitcoin via 160-bit hash collisions
> Ox, standard library for Ethereum
[Velos: lightweight Solana client](https://x.com/leafar_dev/status/1854271700709319110(forward from ****)) ‘Desperate’ trader offers $2.5m reward to recover stuck funds> 1
> 1: https://www.dlnews.com/articles/defi/desperate-crypto-trader-offers-reward-to-recover-stuck-funds/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Ethereum researcher Justin Drake unveils new plan to supercharge the network> 1
> 1: https://www.dlnews.com/articles/defi/ethereum-researcher-unveils-beacon-chain-redesign-at-devcon/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Bitpanda’s new ‘global ambassador’ is tennis star who settled ex-girlfriend’s abuse case> 1
> 1: https://www.dlnews.com/articles/people-culture/bitpanda-taps-controversial-tennis-star-as-global-ambassador/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Crypto dealmaking poised to soar as Trump loosens rules and replaces regulators> 1
> 1: https://www.dlnews.com/articles/markets/crypto-dealmaking-to-soar-as-trump-loosens-finance-rules/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Manifold token craters 98% as founder ghosts frustrated supporters> 1
Llama news round-## up 🍗
News 📰
> BlackRock expands BUIDL to Aptos, Arbitrum and Optimism
> Ethereum researcher Justin Drake unveils redesign of the Ethereum Consensus layer - Beam Chain
> Infura's decentralized infrastructure network launched
> Layerzero introduces new data primitive: lzRead
> Agora introducing multichain voting
> Burner: an easy to use, low cost hardware wallet designed for gifting stablecoins
> Coinbase introduces Offramp — enable crypto-to-fiat conversions in your app
> Hadron by Tether Platform Brings Simplified Asset Tokenization to the Mass Market
> Caldera Foundation introduced
> Ethereum team lead Péter Szilágyi going on sabbatical
Layer 1 & ## 2 ⛓
> Risc Zero Kailua: Giving OP chains 1-hour finality without the higher cost of constant ZK proving
> Zerion's 'fee-free' Ethereum Layer 2 ZERO Network goes live
> Ethereum Layer 2 Lisk launches mainnet
> Multi Proofs live on Taiko mainnet
> Caldera introducing Vulcan, Sovereignty-as-a-Service for Ethereum Rollups
> Ethereum's ENS Identity System Set to Launch Own Layer-2
DeFi 🏦
> Pendle introduces Boros: Yield Trading with Margin
> Ethena risk committee approved Wintermute's ENA fee switch proposal
> Split Capital submitted governance proposal for Blur to enable fee switch
> Huma Protocol expands to Solana
> First AI optimized Morpho vault aggregator live
> A Product Line Approach to Grow Lido’s Staking Ecosystem
Reads 📚
> A useful framework for understanding stablecoins
> Measuring Solana’s Decentralization: Facts and Figures
> Hyperliquid - an L1 designed for DeFi at scale
> Arthur Hayes — Black or White?
> The World Network Opportunity: A Greenfield for Builders Raises💰
> Alluvial $4.3m strategic funding
> Folks Finance $3.2m strategic funding
> Pulse $1.8m pre-seed funding ** > Utopia Labs acquired by Coinbase
> Fintek Securities Pte Ltd acquired by Crypto(.)com
> Attestant acquired by Bitwise
> Anycoin Direct acquired by Finst
Security 🛡
> Thala $25.5m exploit recovers $25m following successful hacker negotiation
> How kaden found a critical vulnerbaility in Zora's ERC20Z contract
[Radiant RIZ market update](https://x.com/RDNTCapital/status/1857442174222455261https://x.com/ConvexFinance/status/1858511932656861649?t(forward from ****)) What’s next for Polymarket — and prediction markets — after the FBI raid?> 1
> 1: https://www.dlnews.com/articles/regulation/what-now-after-polymarket-ceo-raid/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) ‘Razzlekhan’ sentenced to 18 months for Bitfinex heist of 120,000 Bitcoin> 1