Gala Games Claims to Have Contained a $200M Exploit. What Happened?
TL;DR Gala Games, a major Web3 gaming project, suffered an exploit that resulted in the unauthorized creation and sale of GALA tokens worth over $200 million.
Web3 (Latest Publications)
Yuga Labs Halts CryptoPunks Development Amid Community Outcry
TL;DR Development Halt: Yuga Labs will stop developing the CryptoPunks collection after community backlash against the new “Super Punk World” edition. Community Backlash: The new edition by artist Nina Chanel
DeFi Platform OKTO To Launch Big Airdrop and New Blockchain
TL;DR OKTO Expansion: OKTO is set to launch its own blockchain and native token, transitioning from a wallet app to a full-fledged Web3 ecosystem, aiming to
Ripple, Hedera, and Algorand Launch the DeRec Alliance for Web3 Asset Recovery. What is This?
TL;DR Expansion and Goals: The DeRec Alliance has expanded with new members Ripple and XRPL Labs, joining forces with Algorand Foundation and Swirlds Labs to address
Binance Integrates Bitcoin ARC-20 Assets for Zero-Fee Trading
TL;DR Binance integrates Bitcoin ARC-20 tokens into its platform and offers commission-free trading for one month. The exchange has added support for Taproot, improving privacy and
Stripe Partners with Avalanche for Direct AVAX Purchases
TL;DR Stripe will add support for the Avalanche C-Chain, allowing users to buy AVAX directly. Avalanche’s native wallet, Core, now integrates this functionality, facilitating wallet funding
Web3 Funding Shows Signs of Revival: Q1 Sees Uptick After Year of Decline
TL;DR Funding in the Web3 sector shows a slight uptick in the first quarter of 2024, according to recent reports. Startups raised nearly $1.9 billion in
Huge News for Airdrops Hunters: Binance Launches Megadrop, A Token Launch Platform
TL;DR Binance’s New Initiative: Binance, the world’s largest cryptocurrency exchange, has launched “Megadrop”, a unique token launch platform designed to provide transparent rewards and foster deeper engagement
Emurgo and Huawei Cloud Join Forces to Drive Web3 Solutions on Cardano
TL;DR EMURGO and Huawei Cloud Partnership: EMURGO, a key entity behind the Cardano blockchain, has announced a strategic alliance with Huawei Cloud. The collaboration aims to
SUI Launches Revolutionary Blockchain Gaming Handheld: SuiPlay0x1
TL;DR Mysten Labs and Playtron present SuiPlay0x1, a device that merges blockchain and traditional PC games. It will be equipped with the Playtron OS operating system
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