​​FriendTech will build the Friendchain network in partnership with Conduit

Web3 social network FriendTech unveils its plans to develop its own Friendchain blockchain in partnership with blockchain infrastructure provider Conduit. FriendTech's social app will migrate to its network and will use its native token as a fully transferable gas token. Earlier in May, the project launched its $FRIEND token and conducted the community airdrop. FriendTech is a web3 social application on the Coinbase-incubated Layer 2 chain Base, which provides a platform for trading shares in Twitter accounts.

👉🏻 theblock.co/post/299173/friendtech-to-move-to-new-friendchain-blockchain-in-move-away-from-base

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​​TOP NFT Projects by Social Activity

Posts. Posts measures 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.

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​​Arbitrum DAO approves the launch of a ~$215M gaming ecosystem fund

Arbitrum's governance DAO has approved a proposal to allocate 225M (currently worth about $215M) over three years to a newly-created Gaming Catalyst Program. The funds will be earmarked for publishers & developers, and infrastructure-related bounties and operational expenses. Arbitrum has previously partnered with Azuki to launch an anime-based web3 network.

👉🏻 theblock.co/post/299167/arbitrum-dao-votes-to-approve-215-million-gaming-ecosystem-fund-proposed-by-arbitrum-foundation

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​​Top 10 dApps on Blast by Volume (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 #Blast by volume in the last 30 days, according to the data from DappRadar.

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​​zkSync will announce the details of the $ZKS token distribution this week

zkSync has introduced ZK Nation, a governance community of the ZKsync protocol. The protocol will launch its native token and empower token holders to delegate, propose protocol upgrades, deliberate, and vote through ZK Nation's onchain governance framework. During this week, more details will be unveiled about the ZKsync protocol delegation process and ZKsync’s protocol token allocation.

zkSync is a ZK-rollup-powered trustless Layer 2 protocol for scalable low-cost payments on Ethereum. Previously, the project has raised $458M from a16z, Coinbase Ventures, Ethereum Foundation, Hashed, Coinfund, Dragonfly, and others.

👉🏻 blog.zknation.io/introducing-zk-nation

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​​Upcoming Token Unlocks

Let's take a look at the compilation of major upcoming token unlocks, diving into details such as dates, amounts, and projects related to tokens that are currently locked up, but will soon be released to the market. During this week, $APT, $ARB, $UNI, $STRK, and $SEI will have the biggest unlocks.

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​​AARK (AARK) has been initially listed on multiple exchanges

Trading for the $AARK token is now live on Bybit, Bitget, Gate, and Camelot. Aark has previously conducted its IDO on Ape Terminal and launched the Early Bird Staking program. Aark Digital is the Leverage Everything Perpetual DEX for professional traders/LPs on Arbitrum, backed by Morningstar Ventures, Hashkey, OKX Ventures, Arrington Capital, Big Brain Holdings, and others.

🔸IDO Price: $0.035
🔸Fully Diluted Market Cap: $74,280,000

👉🏻 x.com/Aark_Digital/status/1800077342225904046

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​​Coin of the Day by Market Sentiment - HyperGPT (HGPT)

HyperGPT is a Web3 marketplace for various AI solutions and seamless SDK solutions.

HGPT price movements on Oriole Insights
👉🏻 app.orioleinsights.io/projects/hypergpt

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Nexus Laboratories has announced the closure of its $25M Series A funding

Nexus Laboratories, a virtual machine software that emulates a physical computer, raises $25M in its Series A round co-led by Lightspeed Venture Partners and Pantera Capital. Additional round investors included Faction Ventures, Dragonfly Capital, and Blockchain Builders Fund. With fresh funds in hand, Nexus will expand its product offerings, support early users, and maintain its engagement with the scientific community.

👉🏻 fortune.com/crypto/2024/06/10/nexus-laboratories-raises-25-million-from-pantera-and-lightsped-to-expand-zero-knowledge-privacy-tools

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​​Top DePIN Projects by Revenue (30d)

DePIN is an acronym, short for Decentralized Physical Infrastructure Networks. Networks that use crypto-incentives to efficiently coordinate the buildout & operation of critical infrastructure.

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​​E Money Network has announced its integration into the Gala Games ecosystem

E Money Network teams up with Gala, a pioneering Web3 ecosystem encompassing games, music, and films. Through this partnership, the projects aim to accelerate interoperability in blockchain gaming and foster new economic opportunities for game developers and gamers. Moreover, E Money wallet will be integrated into the Gala Games ecosystem, allowing users to store their Gala tokens, in-game NFTs, and other digital assets. Backed by Animoca Brands, GBV Capital, Morningstar Ventures, KuCoin, and other, E Money Network is a pioneering modular RWA Chain with compliance blocks.

👉🏻 blog.emoney.io/partnerships/e-money-network-collaborates-with-gala-a-pioneering-web3-ecosystem

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​​Squads Labs raises $10M in a Series A funding round led by Electric Capital

Squads Labs, the main developer of the Solana-based multisig protocol Squads, has closed its $10M in a Series A funding round led by Electric Capital. Among other investors are Coinbase Ventures, Placeholder VC, RockawayX, and L1 Digital. This investment brings Squads' total funding to $22.5M, having previously raised $12.5M via three funding rounds. Squads plans to enhance its protocol and help more businesses run their on-chain workflows.

👉🏻 theblock.co/post/299287/solana-multisig-protocol-squads-funding-fuse

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​​UwU Lend protocol has been hacked and drained of $19.3M in assets

Lending and liquidity protocol UwU Lend has suffered an exploit worth $19.3M. The attacker managed to siphon various tokens including $wETH, $wBTC, and stablecoins before trading the majority of it out on Uniswap. The protocol is still investigating the cause and will offer refunds to compensate impacted users.

👉🏻 coindesk.com/business/2024/06/10/defi-protocol-uwu-lend-suffers-193m-expolit-arkham

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​​Nakamoto Games and UpOnly will integrate Xswap’s Xpay solution

Nakamoto Games and UpOnly team up with XSwap, a pioneering cross-chain DEX powered by Chainlink's CCIP. Under this partnership, $NAKA and $UPO will be integrated with XPay, an upcoming DeFi service developed by XSwap. XSwap leverages Chainlink's Cross-Chain Interoperability Protocol to provide cross-chain messages and token transfers, offering defense-in-depth security and a unified developer interface for seamless and scalable execution across blockchains.

👉🏻 x.com/NakamotoGames/status/1800166850791403676

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​​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.

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​​zkSync will airdrop 3.6B $ZK tokens to 695,232 eligible wallets next week

ZKsync has announced an airdrop of 3.6B $ZK tokens (17.5% of the ZK token's total supply) that will be available for claim starting next week. Eligible users and their respective airdrop allocations were based on a snapshot of activity on ZKsync Era and ZKsync Lite taken on March 24th. A further 49.1% of the token supply will be distributed through ecosystem initiatives, with 17.2% allocated to investors and 16.1% to the Matter Labs team.

zkSync is a ZK-rollup-powered trustless Layer 2 protocol for scalable low-cost payments on Ethereum. Previously, the project has raised $458M from a16z, Coinbase Ventures, Ethereum Foundation, Hashed, Coinfund, Dragonfly, and others.

👉🏻 blog.zknation.io/zk-token

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Aethir (ATH) and io.nеt (IO) are coming to the Bitget exchange

Trading for $IO and $ATH tokens will go live on Bitget today, on June 11th, at 10:00 AM UTC, and on June 12th, at 12:00 UTC respectively. Deposits for both tokens are now live while the withdrawals will open on June 13th for $ATH and on June 12th for $IO. Backed by HashKey Capital, Merit Circle, Animoca Brands, and others, Aethir builds scalable decentralized cloud infrastructure for Gaming & AI. io.nеt is a Solana-based DePIN project focused on sourcing GPU computing power.

👉🏻 bitget.com/support/articles/12560603810985

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​​Binance Labs has announced its investment in the Zircuit protocol

Binance Labs, the venture capital and incubation arm of Binance, has invested an undisclosed sum in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level security. The firm plans to use fresh funds to accelerate the growth and development of its network further. Zircuit is set to launch its mainnet this summer while the network has already accumulated $3.5B in staked assets.

👉🏻 binance.com/en/blog/ecosystem/binance-labs-invests-in-zircuit-to-advance-l2-with-aienabled-sequencer-level-security-1403715297509312064

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​​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.

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​​TOP DeFi Projects by Social Activity

Posts. Posts measures 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.

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