DeFi
⚠️Security researchers criticize CertiK audits
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Security experts are speaking out against CertiK after the auditor’s controversial “investigation” of a vulnerability in centralized exchange Kraken. Kraken accused CertiK of holding $3 million that it siphoned off the exchange “hostage” to negotiate a bug bounty, undermining the auditor’s trust.
The Arbitrum DAO is preparing to diversify 35 million ARBs into on-chain real-world assets (RWA). Arbitrum’s STEP committee said it plans for the DAO to invest 1% of its treasury in RWAs each year.
Plus, Mark Cuban offloads his NFT collection, the Solana Foundation releases developer tools targeting mainstream adoption, and markets pull back as Mt. Gox announces plans to repay billions in Bitcoin next month.
✍️ In today’s newsletter:
- Security experts throw shade at CertiK
- Arbitrum DAO aims to diversify RWAs
- Mark Cuban puts $100,000 worth of NFTs up for sale
- The Solana Foundation publishes Actions and Blinks
- Crypto Markets Prepare for Mount Gox Refunds
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📈 Markets of the last 24 hours:
Bitcoin$64,027 -1.26%
Ethereum$3,499.33 -0.58%
BNB$583.3 -2.21%
Solana$132.19 -1.22%
XRP$0.486 -1.81% Cryptocurrency prices at 03:24 on 06/21/2024. Complete list here.
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Check out our podcast with Suji YanTHE founder of Mask Network, to get his point of view on decentralized social media. More, watch OUR drop guide on The Open Network (TON)!
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👀Former Certik customers question security firm’s stronghold in protocol audits
Security researchers speak out against Certified after the controversy surrounding the embezzlement of funds by its employees $3 million from Kraken and allegedly ransomed the exchange for a bug bounty. Experts note that many projects audited by CertiK later suffered exploitscalling into question the professionalism of the company.
💰Arbitrum DAO plans to invest $29M of ARB in on-chain RWAs
The committee behind ArbitrationThe Treasury’s stable endowment program has finalized its plans for invest 35 million ARB ($29 million) in real-world assets on-chain. The STEP committee hopes that the Aribtrum DAO invest 1% of his cash assets in RWA every year.
SPONSORED ARTICLE
ZkCheck is a dedicated zero-knowledge proof verification network designed for settlement optimization, built by Horizen Labs.
zkVerify is uniquely designed as the first modular solution for the settlement layer that reduces security costs by decoupling proof verification from settlement on L1s.
Horizen Labs estimates that $47 million was spent on proof verification in 2023 for zkrollups on Ethereum alone, and industry studies predict that zk proof generation will become a $10 billion market by 2030. zkVerify removes the cost and complexity of verifying computationally intensive proofs for developers building with zkrollups. Initially, zkVerify can be used to verify evidence on Ethereum and Bitcoin with a cost reduction of over 90%, and will quickly expand to support multiple blockchain architectures.
🗑️Mark Cuban wants to get rid of $100,000 in NFTs
Marc Cubanthe famous investor and billionaire, is back on web3 for unload of his NFT collection. Cuban ended two years of inactivity for sell 14 NFTs for $38,500in addition to listing two Pudgy Penguins tokens and Hashtag for $66,000 combined.
🔧The Solana Foundation launches a new development tool to promote mainstream adoption
THE Solana Foundation has launched two new tools for developers with the aim of encouraging the general public to adopt them. “Actions” allow developers to integrate blockchain transactions In websites, social networks and QR codeswhile blockchain links (Blinks) allow actions to be formatted as shareable links.
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📉Crypto Markets Crash Amid Mount Gox Redemption Fears
Digital assets suffered significant withdrawals in response to Mount Gox announcing plans for repay creditors next month. The distribution will result 142,000 BTC ($8.72 billion) entering the markets.
🌍 SOMEWHERE ELSE
- Hut 8 Receives $150M Investment as Energy Hunger Drives AI Firms to Bitcoin Miners (CoinDesk)
- German government sends another $24 million in Bitcoin to Coinbase and Kraken: Arkham (The block)
- Hong Kong ETF Investors Buy Bitcoin as US Bitcoin ETFs Spot Record Outflow (Piece of moneyYawn)
- Airdrop hunters don’t give up as they focus on Scroll and Linea Post-ZKsync (unleashed)