Sonic, Gaming-Focused Layer-2 Chain on Solana, Raises $12M
Chris Zhu, CEO and founder of Sonic (Robin Huang/Mirror World Labs)
Technology
Renzo Capitalizes on Restaking Frenzy to Raise $17M From Galaxy, Brevan Howard
Funds will be used towards expanding the project’s restaking services, including adding support for ERC-20 tokens.
ZKsync Airdrop of ‘ZK’ Token Puts Initial Market Cap Near $800M
The layer-2 blockchain ZKsync, has kicked off its highly anticipated airdrop of its ZK token, with 45% of the tokens already claimed.
Protocol Village: Manta Foundation Launches $50M EcoFund and Ecosystem Grant Program
The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 13-19.
DeFi Heavyweight Curve Focused on Becoming ‘Safest’ Lending Platform, Founder Says
Curve founder Michael Egorov’s $100 million in loans taken from various protocols using Curve’s CRV tokens started to automatically liquidate on Thursday, sending the token down as much as 30% before it briefly recovered.
HLG Down Over 60% as Exploiter Mints 1 Billion New Tokens
The team behind the Holograph (HLG) said they have patched the exploit and is working with centralized exchanges to freeze accounts affiliated with the exploiter
The Protocol: How Optimism Filled in Its Missing Tooth
In this week’s newsletter, we delve into the Ethereum layer-2 network Optimism’s delivery of “fault proofs,” a piece of functionality that was glaringly missing even though it was at the heart of the project’s security setup.
MetaMask Adds ‘Pooled Staking’ for Cheaper Ethereum Validation
The new feature aims to expand the accessibility of staking, which previously required an investment north of $100,000. But the project is still missing features offered by other staking platforms.
Cardano Is on Track for Voltaire Upgrade This Month, Co-Founder Hoskinson Says
The network is ready for its Chang fork and waiting for 70% of operators to install the new node.
ZKsync’s ZK Airdrop Is Coming ‘Next Week,’ Here’s What to Expect
According to the plan released Tuesday, 17.5% of ZK’s 21 billion total token supply will be airdropped to users beginning “next week.”