1. CZ of Binance sentenced to 4 months in prison
-- Prosecutors were seeking a 3 year prison sentence
2. DOJ claiming that Tornado Cash developer Roman Storm did more than just write code
-- Roman allegedly involved in promoting and maintaining Tornado Cash for illicit activities
3. Jack Dorsey's Block faces scrutiny from the feds
-- Investigating Block's crypto unit for allegedly processing transactions linked to sanctioned countries and terrorist organizations
-- Former employees claim 1000s of questionable transactions went unreported, despite Block's assertion of conducting regular sanctions screening
4. US Fed crackdown on Wasabi Wallet scares away other privacy-focused wallet devs
-- Phoenix Wallet ceases service for American users
5. Crypto forensics firm Elliptic using AI to detect bitcoin money laundering (source)
-- Focused on training ML models to identify 'subgraphs', chains of transactions that represent bitcoin being laundered
6. Chainalysis will help Tether monitor secondary market for illicit activity
7. Co-founder of BTC-e pleads guilty to money laundering charges
-- Investigations revealed the exchange processed over $9B in transactions from illegal activities and was linked to the Mt. Gox hack
1. Vitalik Buterin introduces Binius, a proving system for zk proofs
-- Achieves enhanced performance over traditional systems like zk-SNARKs
-- Uses binary finite fields and bit hypercubes for improved arithmetic operations
2. EigenLayer faces backlash over airdrop restrictions
-- Criticisms include aggressive geo-restrictions (Americans cannot claim the airdrop), zero tolerance towards sybil activity, non-transferable token structure, and short snapshot period
-- Offering a 15% allocation return to sybil users who self-report within 14 days
-- Sparked withdrawal of $457M from the protocol (current TVL is $15.6B)
3. SBI Group partners with Ripple to introduce XRPL-based enterprise solutions for supply chain finance in Japan
4. Chainlink collaborates with Rapid Addition to develop a FIX-native adapter for institutional digital asset trading
-- Partnership will ease onboarding of financial institutions by addressing the need for interoperability between FIX and smart contract-based messaging protocols
5. Polyhedra Network introduces a new open-source zk-proof system (source)
-- Combines classical interactive proofs with advanced polynomial commitment schemes to achieve enhanced security and efficiency
6. Eclipse enters strategic alliance with Neon EVM to achieve EVM-SVM compatibility
7. Bitcoin L2 BOB launches mainnet
1. Hong Kong officially debuts Asia's 1st spot Bitcoin, Ether ETFs
-- Generated a trading volume of around $12M on their 1st day
-- For context: spot Bitcoin ETFs debuted with $4.6B in trading volume in the US on the 1st day
2. BlackRock now has skin in the game re: the tokenization of financial assets
-- Led Securitize's $47M strategic funding round
3. VanEck: 15% of the total Bitcoin supply is now held by ETFs, countries, and public/private companies
4. Moonpay's Chief Legal Officer Lindsey Haswell joins BlackRock's Bitcoin ETF board
5. Aave Labs debuts V4 roadmap (source)
6. BlackRock's BUIDL becomes largest on-chain treasury fund ($375M AUM), surpassing Franklin Templeton
1. Moonbirds NFT collection shifts to enforce commercial rights
-- Transitioning away from a Creative Commons license, which is a tool for relinquishing copyright and releasing material into the public domain
2. MicroStrategy to launch bitcoin-based decentralized identity protocol
-- Focused on combating the growing rate of identity theft in the US
3. Fantom bets on ‘safer memecoins’ with launch of $6.5M dev fund
-- Proposed plan: memecoin projects issue tokens with the Fantom Foundation as one of the signers controlling the token's liquidity pools
-- Goal is to prevent rug pulls
4. Vodafone plans to integrate crypto wallets with SIM cards by 2030
1. An individual lost $71.1M in wrapped bitcoin (WBTC) in an address poisoning attack
-- A hacker tricked the victim into sending funds to a fake address resembling their own
2. Martin Shkreli's decentralized GPU network io(.net) attacked
-- Faced a cybersecurity breach where attackers exploited user ID tokens to execute a SQL injection attack, leading to unauthorized changes in GPU metadata
-- Responded with security upgrades but the incident caused a drop in active GPU connections
3. Dutch authorities arrest ZKasino founder for executing a rug pull
4. Hacker FSOCIETY claims it has successfully breached Bitfinex and Binance
-- Neither company has acknowledged the breach
5. Pike Finance exploited for $1.6M in 2nd incident in 3 days
1. A blockchain-based audit mechanism for IoT-Fog environments (source)
-- Background: due to on-device computational constraints and the latency associated with cloud computing, IoT devices may rely on fog computing; the fog layer is composed of geographically distributed ‘micro data-centers’
-- Research focus: use of blockchain technology to establish a secure line of communication between IoT devices and fog nodes
2. Marrying zero-trust principles with AWS (source)
3. Liquidity verification of smart contracts (source)
-- Use of symbolic modeling to verify the liquidity properties of smart contracts (e.g. frozen funds)
4. Use of contrastive learning to identify vulnerabilities in smart contracts (source)
-- Comparing and contrasting contracts to capture fine-grained correlation information and identify vulnerabilities
5. Why Ethereum's builder market is centralized (source)
-- Key insights: private order flow creates significant barriers to entry; 88% of MEV-Boost auctions are competitive, while 79% are efficient; proposers’ losses due to uncompetitive auctions are 0.98% of their total gain
6. MEV extraction on L2s (source)
-- Key insights: MEV costs and profits are lower compared to Ethereum; sandwich attacks not detected on popular rollups; identified potential for cross-layer sandwich attacks
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