Alpha V52
Defi
COTI V2, privacy-centric L2 has unveiled its devnet, featuring Garbled Circuits, according to team it’ll will offer 1,000x faster privacy and 250x more efficiency
Fluent introduce Blend. Multiple vms (Evm, wasm, svm..) in one execution environment. Helps liquidity fragmentation as Dapps from different vms (Solana, eth eco, etc) can easily port into Fluent
Usual money announce $USD0 it’s stable coin address Tether monopoly and rev share to gov holders
Kakarot zkEVM built on Cario stack is now on Public Whitelist Testnet phase: Kakarot Sepolia
Farcaster raises $150M led by Paradigm
Uniswap and Across Protocol introduce ERC-7683. A new $ETH standard that aims to create a universal filler network for cross-chain intents, reducing costs and fragmentation while benefiting both dapps & users
Cronos zkEVM mainnet draws closer with testnet upgrad after major release of Tethys. Built in collaboration with Matter labs, Tethys will enhance scalability, reduce fees and improve dev tools.
Manta launch Manta CeDeFi, that’ll blend CeFi and DeFi for higher yields and security. They’ll work w/ Ceffu, formerly Binance Custody. Users will earn parallel rewards from stable CeFi arbitrage and on-chain DeFi activities.
Hyperliquid L1 Evming
Zero1 labs partner with Oasis to build towards a privacy centric ecosystem by enabling new privacy features for dapps, and enhancing the security of AI projects incubated under Zero1.
Gnosis introduced Metri, a self-custodial wallet built for Gnosis chain. With Metri, users will get open financial access, self-custody, and easy asset management. Powered by Safe smart contracts, it provides access to platforms like Gnosis Pay and Circles.
Thanefield Capital proposes $30M $GNO buyback
Moonbeam Network, launch Moonrise initiative
The initiative includes a brand redesign and new product roadmap with core protocol enhancements: increased tps, ETH Dencun integration, gov optimization, revitalized Moonriver canary network with Axelar bridging, & zkAuth program
Polimec, decentralized funding protocol goes live to help Polkadot raise and issue tokens. Investors can appraise and fund projects after obtaining a Deloitte KYC Credential
Common, a multi-chain DeFi suite built on Aleph Zero, launches Common AMM.
Hex Trust Group issues USDX, it’ll be the first native stablecoin on Flare chain. Clearpool will launch a yield vault for it
Starkware alongside Cartidge release a new scaling solution, ZKThreads to improve scalability of Starknet dapps via execution sharding with zkps.
Morpho is coming to Base
SEI proposed an upgrade targeting transition to V2. This upgrade introduces a high-performance, parallelized EVM
JLP Gud
Livepeer, video infrastructure network for live and on-demand streaming, announced its AI subnet launch, it’s a fork of the main Livepeer protocol that enables hardware providers to earn fees for processing AI inference and AI compute jobs
Yuga Labs says they’ll no longer be working on CryptoPunks. After community blacklash from its new Super Punk World project.
Param getting listen on Bybit 29, May
TruFinProtocol launches institutional-grade liquid staking solution, TruStake, on the Aptos
Plume, RWA L2 raises $10M seed round led by Haun Ventures
Fantom FDN to create Sonic Labs and FDN. FTM will be an L1 for Defi whilst Sonic will be an L1 with an L2 bridge connecting to ETH. Fantom closed a strategic funding round of $10M led by Hashed to support the Sonic
Rumors of possible BTC support from MetǎMa$k
Developed from deep BFT consensus research, Mysticeti is live on testnet. It’s a new consensus protocol that reduces consensus time on Sui by 80% to 390 ms, making it the fastest consensus layer in the industry
Humanity Protocol has partnered with LayerZero. They’ll combine L0 tech and their PoH for fair governance and airdrop distribution
zksync plan token distribution this week, with airdrop in June; according to multiple sources.
Phantom bought a16z Web3 browser extension wallet, Bitski. Their collab will bring embedded wallets to Solana
Debridge announce token distribution with 20% for community, 20% for core contributors, 17% for strategic partners, 26% ecosystem, 15% Debridge FDN and 2% validators
Soul labs, multi chain lending via L0 unveils
Stargate announce date for V2, 28.05.24.
Horizen labs launch zkVerify, it optimizes settlement for zkRollups and zkApps by reducing proof verification costs up to 91%. Integrates with SNARK schemes, supports ETH and BTC L2s, and plans expansion to other architectures. Currently Live on testnet.
Celo announce Bloom, a program to help founders through their TGE journey and launch successful protocols on Celo
Elixir Games announce a strategic partnership with Avalanche. They’ll use Avalanche infrastructure for gameplay and digital assets
Dfinity Foundation launches new API for Internet Computer smart contracts to interact with any EVM
Viction join forces with Polygon CDK and Lumoz to leverage their technologies to accelerate appchain growth in Asia
State of the Market
Grayscale CEO Michael Sonnenshein resigns,m and is replaced by Goldman Sachs' Peter Mintzberg
Trump becomes first major party candidate to accept crypto donations for presidential campaign
Coinbase forms coalition with Ripple, Kraken, Gemini, Meta, GASO and Match Group to launch Tech Against Scams initiative which aims to combat online fraud and financial schemes by sharing knowledge across various industries.
Trump will support right to self custody for US citizens
Spot ETH ETF approved
Starting Thursday Robinhood will enable gasless swaps on Arbitrum
RIP Kabosu
