​​Crypto News Digest: Key Updates You Need to Know

This digest provides a quick overview of the most significant cryptocurrency news, that's worth your attention.

CryptoDep | Community Chat | Twitter | Telegram

​​DeFi Protocol Penpie has been exploited for $27M worth of various crypto assets

DeFi protocol Penpie, built on top of tokenized yield platform Pendle, has suffered a major exploit. The attacker drained $27M worth of various types of staked $ETH, Ethena’s sUSDR, and wrapped $USDC. Following the exploit, Penpie's token $PNP declined 40% in total during the day.

👉🏻 coindesk.com/tech/2024/09/03/defi-protocol-penpie-exploited-for-27m-of-crypto-assets-pnp-token-craters-40

CryptoDep | Community Chat | Twitter | Telegram

KIP Protocol (KIP) joins forces with the EasyNode Nodes-as-a-Service platform

KIP Protocol has teamed up with EasyNode, the decentralized Nodes-as-a-Service platform. Through this partnership, starting from September 5th, users will be able to buy KIP Checker Nodes directly via EasyNode platform. KIP Protocol is an open-source Web3 framework designed to facilitate the creation, management, and monetization of decentralized Knowledge Assets for AI applications, to kickstart KnowledgeFi.

👉🏻 x.com/KIPprotocol/status/1831253697374146660

CryptoDep | Community Chat | Twitter | Telegram

​​Gaming & Metaverse Projects by Social Activity

Posts. Posts measure the number of social posts across all social channels.

Interactions include socially-driven engagements and actions such as likes, comments, retweets, and upvotes.

Social Dominance. Social dominance calculates the "share of voice" across all social media data.

CryptoDep | Community Chat | Twitter | Telegram

​​Top 10 dApps on Polygon by Users Activity (30d)

A decentralized application (dApp) is a program built on blockchain that combines a smart contract and a front-end user interface. We present the top dApps on #Polygon by volume in the last 30 days, according to the data from DappRadar.

CryptoDep | Community Chat | Twitter | Telegram

​​Arbitrum has announced the launch of its Stylus virtual machine on mainnet

Arbitrum rolls out the Stylus, a co-equal virtual machine that is completely interoperable with the EVM. This innovation launches Stylus on both Arbitrum One and Nova mainnets. Moreover, Stylus will allow devels to build on Arbitrum using the WebAssembly compatible languages such as Rust, WASM, and LLVM. Arbitrum is an Ethereum L2 scaling solution.

👉🏻 blog.arbitrum.io/arbitrum-stylus-mainnet

CryptoDep | Community Chat | Twitter | Telegram

​​Coin of the Day by Market Sentiment - Sweat Economy (SWEAT)

Sweat Economy is a step counter and activity tracker that converts your steps into currency that you can spend on gadgets, sports and fitness kits, services and entertainment.

Predict SWEAT price movements on Oriole Insights
👉🏻 app.orioleinsights.io/projects/sweat-economy

CryptoDep | Community Chat | Twitter | Telegram

​​Polygon begins the migration of its native $MATIC token to $POL

Polygon launches the $MATIC to $POL technical upgrade, aiming to enhance utility and align with the vision of Polygon as an aggregated network of blockchains. The new token will replace $MATIC to be the primary token for gas fees and staking within the network. Token holders on the Polygon PoS network will automatically receive an updated token, while $MATIC holders on other chains will need to follow specific migration procedures.

👉🏻 polygontechnology.notion.site/MATIC-POL-Migration-3367ffa954d743b88200cb25cd9f504c

CryptoDep | Community Chat | Twitter | Telegram

​​Top 10 Crypto Protocols Exploits this Summer

During Summer 2024, the crypto industry saw a loss of ~$378M across the web3 ecosystem. Let's analyze the largest losses of the summer!

CryptoDep | Community Chat | Twitter | Telegram

​​Mirada AI (MIRX) has announced its IDO that will take place on September 13th

Mirada AI will kick off its token sale on Ape Terminal, Poolz, Carbon Launchpad, eesee, and HyperX Pad on September 13th. The project has also recently joined the IBM for Startups program. Mirada AI is a decentralized AI tool, powered by AI via $MIRX, that offers image generation, face-swap, animation, LLM chat, image upscaling, and more.

👉🏻 x.com/miradaai/status/1831328657106776405

CryptoDep | Community Chat | Twitter | Telegram

​​Crypto News Digest: Key Updates You Need to Know

This digest provides a quick overview of the most significant cryptocurrency news, that's worth your attention.

CryptoDep | Community Chat | Twitter | Telegram

​​Aleo has unveiled token airdrop for the incentive programs participants

Aleo introduces the details of its upcoming airdrop and token distribution process. Users will be eligible to claim Aleo incentive tokens if they participated and earned rewards in any of the following programs: Ambassador program, Setup Ceremony, Aleo's Testnets, ZPrize 2022/2023, zkML Initiative, and Enigma. To claim their rewards, eligible users will be obliged to complete the KYC process and claim their tokens with a lockup.

Aleo uses zero-knowledge proofs at the core blockchain level to support transactions and smart contract interactions that are private by default. The project was backed by a16z, Coinbase Ventures, SoftBank, SamsungNext, Polychain Capital, and Variant Fund among others, with a $298M total raise.

👉🏻 aleo.org/post/incentives-program-distribution

CryptoDep | Community Chat | Twitter | Telegram

​​TOP MEME Tokens by Social Activity

Posts. Posts measure the number of unique social posts across all collected social channels over a rolling 24-hour timeframe.

Interactions include socially-driven engagements and actions such as likes, comments, retweets, and upvotes.

Social Dominance. Social dominance calculates the "share of voice" across all social media data.

CryptoDep | Community Chat | Twitter | Telegram

​​Puffpaw has raised $6M in seed investment round led by Lemniscap

Puffpaw, a DePIN project on the Berachain network, announces the closure of its $6M seed funding led by Lemniscap. Among other investors are Volt Capital, Spartan, Seed Club VC, Folius Ventures, Karatage, Hypersphere, Social Graph Ventures, Everest Venture Group, Panga Capital, nonce Classic, as well as, multiple angel investors. The project has also introduced the Puffpaw Smart Vape (PSV) – a healthier alternative with nicotine free organic tea extract flavorings.

👉🏻 x.com/puffpaw_xyz/status/1831514068521455679

CryptoDep | Community Chat | Twitter | Telegram

​​TOP 10 Social-Fi dApps by Volume (30d)

Let's take a look at the top 10 social-fi dApps, based on the total amount of incoming value to dapp's smart contracts over the past 30 days. Social-Fi brings together the principles of social media and decentralized finance by offering a Web3 approach to creating, managing, and owning social media platforms and the content generated by its participants.

CryptoDep | Community Chat | Twitter | Telegram

​​Top DAOs by Treasury Size

According to the data from DeepDao, as of July 10th, approximately 50,900 DAOs have $19.9B owned assets. We have composed the list of top DAOs, ranked by the total assets that the DAO may use at its discretion.

CryptoDep | Community Chat | Twitter | Telegram

​​EigenLayer will distribute 86M $EIGEN tokens through its Season 2 Stakedrop

EigenLayer unveils the second season of its stakedrop with 86M EIGEN tokens allocated to various stakeholders. Starting from September 17th, stakers, node operators, ecosystem partners, and community members will be able to claim their tokens. The distribution targets participants active between March 15th and August 15th.

Earlier in April, EigenLayer kicked off the Season 1 Stakedrop with 5% of the total token supply in rewards. The protocol has accumulated over $11B in TVL and raised $164.5M in three funding rounds backed by a16z, Coinbase Ventures, Polychain Capital and others. EigenLayer is a major restaking protocol on Ethereum.

👉🏻 theblock.co/post/314832/eigenlayer-plans-to-distribute-86-million-tokens-to-stakeholders-in-season-2-stakedrop

CryptoDep | Community Chat | Twitter | Telegram

​​Coin of the Day by Market Sentiment - Near Protocol (NEAR)

NEAR Protocol $NEAR is a blockchain network designed to facilitate the launch and operation of decentralized applications (DApps).

Predict NEAR price movements on Oriole Insights
👉🏻 app.orioleinsights.io/projects/near-protocol

CryptoDep | Community Chat | Twitter | Telegram

​​Halo Capital raises $25M for a new fund that will focus on the digital-asset sector

Halo Capital come out of stealth with $25M in funding to invest in crypto projects. Unlike many venture investors in crypto, the fund is chain agnostic, investing in all categories from Bitcoin to the decentralized artificial-intelligence sector. The fund was launched by Daniel Howard, the son of Alan Howard, the British hedge-fund billionaire, and his colleague, both worked at private equity firm 10T Holdings.

👉🏻 bloomberg.com/news/articles/2024-09-05/alan-howard-s-son-starts-a-crypto-venture-fund-with-colleague

CryptoDep | Community Chat | Twitter | Telegram

​​Top Blockchains by NFT Volume (30d)

Let's explore the list of the most popular Layer 1 and Layer 2 blockchain projects by NFT volume, measuring the total NFT collections.

CryptoDep | Community Chat | Twitter | Telegram

​​Balance, developed by E-PAL, raises $30M in funding led by a16z and Galaxy Interactive

E-PAL, a gaming and social companion platform, has introduced Balance, its AI-powered blockchain experience platform, following $30M fundraising led by a16z and Galaxy Interactive. Additional round participants included Animoca Brands, K5, CLF Partners, MBK Capital, New Heights Fund, AMBER, MarbleX, Sky Mantra, Tuna, Aptos Labs, IOBC, Leland, Halcyon Capital, Uphonest, Taisu Ventures, Gate Labs, DWF Ventures, BING, and WAGMI. By integrating AI and blockchain technologies, Balance offers an unparalleled experience for gamers, developers, and publishers across Web2 and Web3 ecosystems.

👉🏻 chainwire.org/2024/09/05/e-pal-launches-web3-experience-infrastructure-balance-raising-30-million-from-a16z-galaxy-and-others

CryptoDep | Community Chat | Twitter | Telegram