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$ZKJ Launches New Staking Campaign With Promising Returns

$ZKJ is set to launch a new staking campaign, following the success of its previous round which saw a remarkable 144% APR in the first week. https://twitter.com/SamuelXeus/status/1810744888238977451?t=P_2zLV15oClJgm3p03wtUg&s=19 This initiative allows ZK provers to stake their $ZKJ tokens to participate in the zero-knowledge proof network, earning rewards for the proofs they provide. This staking mechanism underscores the importance of governance tokens within the @PolyhedraZK ecosystem. https://twitter.com/Paimon_xX/status/1811338406833594850?t=wT8bV9MgmcHnCdYhh013Iw&s=19 With the $ZKJ (formerly known as $ZK) staking program ending today, iCrypto.ai has observed significant deposits of $ZKJ back onto centralized exchanges (CEX), particularly OKX. Participants in the staking program over the past month will be rewarded with $ETHFI, $CYBER, and $ID tokens. $ZKJ Price Action To Monitor  In the last month, $ZKJ has increased by 8%, showing resilience against the broader decline in $BTC. The token continues to trend upwards, forming a triangle pattern […]

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Layer 2 Report | Q2 2024: Address Growth, Transactions, and Money Flow

I. Addresses 1. Total Unique Addresses by Chain Optimism leads the pack in Q2 2024 with 149.6 million unique addresses. Following behind are Base with 84.7 million and Arbitrum with 33.2 million addresses. 2. Daily New Unique Addresses Created by Chain Base, Optimism, and Arbitrum were the top three chains for the constant creation of new unique addresses throughout Q2 2024. Notably, Base experienced a spike on June 1, with 1 million new addresses created in just one day. Growth of New Unique Addresses in Q2 2024: - Highest growth rate: Blast (+175%) and Mantle (+160%) - Chain with the highest number of new addresses: Base (+16M) II. Transactions 1. Daily Transactions opBNB, Base, and Arbitrum led the way in daily transactions throughout Q2 2024, with the following daily averages: - opBNB: 4.7 million transactions - Base: 2.6 million transactions […]

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SSV Network Reaches New Milestone With Over 1,000,000 ETH Staked

SSV Network, a decentralized staking infrastructure, is redefining the resilience and robustness of Ethereum validators through its distributed validator technology (DVT). Achieving a significant milestone, over 1,000,000 ETH is now staked on the SSV network, underscoring its growing influence in the blockchain space. Launched on the mainnet approximately a year ago, SSV Network underwent extensive testing, auditing, and phased launches to ensure a secure and robust protocol. Today, SSV operates as a fully permissionless network, boasting over 700 operators spread across five continents. These operators utilize all available execution and consensus clients, showcasing the network's versatility and global reach. SSV Network is more than just a staking infrastructure; it offers a comprehensive suite of tools designed to support a diverse ecosystem of builders, protocols, and tooling. This suite provides developers with the necessary resources to integrate seamlessly with the network, […]

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Crypto-Draining Group Pink Drainer Falls Victim To Address Poisoning Scam

Pink Drainer, a well-known group in the realm of crypto-draining, recently encountered a setback when it lost 10 ETH, valued at approximately $30,000, to an address poisoning scam. This type of scam involves perpetrators sending small amounts of cryptocurrency from a deceptive address that closely resembles the legitimate one, tricking the victim into sending funds to the wrong destination. https://twitter.com/Odyssey_web3/status/1810281888327565616?t=yZhsUH_hrW8637XzVILrhg&s=19 Despite Pink Drainer's recent announcement of retiring after reportedly siphoning off more than $85 million in crypto assets, other similar services such as Angel Drainer, Pussy Drainer, and Venom Drainer continue their operations unhindered. https://twitter.com/_TOBTC/status/1810204861566476784?t=4qL3HzrUaJJpCQzBbtnbRQ&s=19 Scammers Create Lookalike Wallet Addresses To Deceive Their Targets The fraudulent transaction was flagged by MistTrack, a monitoring service specializing in tracking suspicious activities in the blockchain. MistTrack explained that scammers create wallet addresses that mimic those of their targets, exploiting visual similarities to deceive […]

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Solana’s Q2 2024 Report: Explosive Growth In Revenue and Ecosystem Expansion

Solana's Q2 2024 financial report showcases a period of remarkable growth and expansion for the blockchain platform. In this quarter, Solana's fees and revenue soared, generating over $26 million, a staggering increase of more than 42 times compared to the same period last year. This impressive growth highlights the platform's rising adoption and the increasing value users find in its services. The total trading volume of SOL also saw a significant surge, reaching $292 billion. This is nearly seven times higher than the trading volume in Q2 2023, underscoring the growing confidence and participation in the Solana ecosystem. The network and ecosystem metrics for Q2 2024 reveal further insights into Solana's expanding influence. The platform processed over 15.3 billion transactions, both vote and non-vote, indicating robust activity and engagement. Total Value Locked (TVL) on Solana's network hit $3.4 billion, a […]

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Crypto Hacks and Exploits In Q2 2024: Over $675M In Losses

Q2 2024 witnessed some of the most significant crypto hacks and exploits, resulting in over $675 million in losses. A total of 15 major incidents were recorded, highlighting the persistent vulnerabilities within the crypto space. Among the targets were four crypto exchanges, one individual whale investor, and nine projects. The staggering total loss of $710 million underscores the scale and impact of these breaches. Breaking down the losses by classification, crypto exchanges (CEXs) suffered the most, with a combined loss of $432 million. Various projects were also heavily targeted, resulting in $206 million in losses. Individual entities faced $70 million in losses, while companies experienced relatively minor losses, totaling $2 million. https://twitter.com/Coin98Analytics/status/1808458615319392762?t=M-q_mmOtLIQytR4cAQVUKA&s=19 Watch These Top Five Attack Methods Used By Hackers The top five attack methods employed by hackers in Q2 2024 included contract vulnerabilities, rug pulls, unknown methods, Twitter […]

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Smart Trader 0x8d73 Buys $500K In ENS Despite Bearish Market Trends

In a surprising move, smart trader 0x8d73 has purchased approximately $500K worth of ENS tokens, even as both $BTC and $ENS prices are declining. According to data from icrypto.ai, this trader has acquired 18.39K ENS tokens in the past 16 hours. Shortly after the acquisition, 15.49K ENS tokens, valued at around $414K, were transferred to a storage wallet, 0x021ce. This wallet now holds a total of 18K ENS tokens, worth roughly $452K. https://twitter.com/iCryptoAI/status/1808677907600142716?t=17LSLLxQ7jobq07OIAYDRQ&s=19 Trader 0x8d73, known for a win rate of 42% and involvement in some meme coins, has primarily focused his current portfolio on holding ENS. This strategic move comes amid a broader bearish sentiment in the market, particularly affecting LDO, a token representative of the staking sector. With the EthereumETF expected to begin trading soon, questions arise about the future sentiment of ENS. Given the current market trends, […]

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Lending Protocols See $5B Surge In Active Loans, Led By Aave

Lending protocols have experienced a significant boost in active loans, adding approximately $5 billion year to date. Aave, the leading lending protocol by total value locked (TVL), accounts for $4.5 billion of this increase. Unlike the previous all-time high in 2021, new entrants Spark and Morpho have now secured positions in the top three, with $1.7 billion and $1.1 billion in active loans, respectively. Aave remains the dominant player, commanding a 62% market share with $7.9 billion in active loans. https://twitter.com/tokenterminal/status/1808228481551000012?t=VIC19NRSgRP7Qx4hapY-Ew&s=19 Last week, the value of borrowed WETH on Aave, with a health factor between 1 and 1.025, surged to $1.2 billion. This spike followed Aave's introduction of Leverage Restaking Tokens (LRTs) for 14x leverage strategies. However, such high leverage can lead to increased risks of liquidation if loans are not carefully managed. https://twitter.com/intotheblock/status/1808054336737456537?t=mLU1fmPazDg_aXO1kkZfzA&s=19 Over the weekend, the total value […]

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$BAKED Token Launch On DegenFund Sparks Insider Activity and Massive Profits For Sniper

The $BAKED token was recently launched on DegenFund, with the developer wallet spending 11.82 $SOL to acquire 300.72 million $BAKED during the minting process. Additionally, 206.9 million $BAKED was added to liquidity. Within a second, 492.37 million $BAKED was snapped up by 19 wallets. Interestingly, the team and insiders hold a substantial portion of the token supply, controlling 763.8 million $BAKED, or 76.38% of the total supply. It has been observed that three of the 19 wallets were created simultaneously with the developer wallet and were funded by Bitget, suggesting these wallets likely belong to the developers. https://twitter.com/lookonchain/status/1807660668000276719?t=1H__XAcSLPbLDILmgbqZlQ&s=19 Whales Spends 82 SOL To Buy Up To 78% Of $BAKED Token Supply  Furthermore, 15 of the 19 wallets withdrew $SOL from Bitget three days prior, indicating they are also likely controlled by insiders. These developer and insider wallets collectively spent 82.74 […]

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Layer 2 Solutions Propel Mass Adoption With Significant Growth

Layer 2 solutions continue to experience robust growth, playing a crucial role in driving mass adoption. On-chain metrics reveal increasing user traction, underscoring the potential of L2 networks. The number of transactions on leading Layer 2 networks—Arbitrum, Base, and Optimism—has quadrupled this year. This growth saw a significant boost in Q2, following the implementation of EIP-4844 in March, which slashed transaction fees by over 90%. https://twitter.com/intotheblock/status/1807066747385598052?t=hKY-GO53NqYnlVyeM8kiew&s=19 Base Has Now Surpassed Arbitrum, Its Long-time Leader A recent report highlights that BASE has officially become the most used Ethereum L2, surpassing the long-time leader, Arbitrum. The Coinbase Chain has emerged as the top Ethereum Layer 2 network, reflecting a shift in user preference and network efficiency. Current transaction data provides a clear picture of this trend: - Base: 3.5 million daily transactions, marking a 60% increase in the last 30 days. - […]

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