The Norwegian government has returned $5.7m from the $600m Ronin hack.

15% of the recovery will be used for expenses, with the rest going to the Axie Infinity treasury.

The Ronin hack, tied to North Korea’s Lazarus Group, remains the largest DeFi exploit in history, resulting in the loss of over $600m in crypto assets.

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🐯 Learning With Neko Week 39.
Hola, Necats, happy weekend today we'll talk about Rocket Pool

What Is Rocket Pool?
Rocket Pool is one of the leading liquid staking platforms for Ethereum. Basically, Rocket Pool allows its users to stake ETH without losing their liquidity.

Liquid staking platforms accomplish this through the use of Liquid Staking Tokens (LSTs), also called Liquid Staking Derivatives. These tokens are pegged to the value of the initial asset that users stake and, crucially, can be used on DeFi platforms and other decentralized apps, just like any other token. To that end, Rocket Pool gives its users the liquid staking token, rETH.


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What Is rETH?
Besides RPL, the Rocket Pool network utilizes another type of token: rETH. It is a liquid staking token that users receive in return for the ETH that they stake. To explain, after depositing ETH into the protocol, you immediately receive rETH. Then, as validators accumulate rewards, you receive rewards proportional to your stake.

As previously mentioned, rETH can be used like any other blockchain token on decentralized apps. For example, you can use it as collateral for a loan on decentralized lending platforms, or to provide liquidity to a DEX.

Oracle DAO
Oracle DAO is a special group of Rocket Pool node operators that perform important administrative duties that smart contracts can not.

These responsibilities include managing the creation of unique validator public keys for minipools and transferring data from Ethereum’s Beacon Chain to its execution layer. The Oracle DAO also proposes, votes on, and implements changes to Rocket Pool. In return, the protocol compensates Oracle DAO members by allocating them a 15% share of the total RPL inflation produced in each reward period.

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Okay, so according to the voting results, the majority choose Blur, in the next post I will explain about Blur.

​​🔓 Top 7 Token Unlocks of the Upcoming Week

The following tokens with the largest unlock amount will be unlocked next week:

Aptos - $92.88M
Arbitrum - $90.01M
Uniswap - $83.29M
StarkNet - $72.40M
Sei - $62.63M
Immutable - $51.28M
Internet Computer - $35.65M

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Io.net CEO Ahmad Shadid steps down from CEO role days before token launch

Solana-based decentralized infrastructure provider (DePIN) Io.Net, which allows users to contribute spare graphics processing power to a shared pool in exchange for token-based payment, has replaced its CEO just two days before its native token launches on Binance Launchpad.

Co-founder Ahmad Shadid announced his departure from the CEO role on Sunday with a post on X, naming fellow co-founder and former COO Tory Green as his replacement.

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Singapore alerts businesses to Bitcoin ransomware risk

Akira, the ransomware that stole $42 million from over 250 organizations across North America, Europe and Australia within a year, is now actively targeting businesses in Singapore.

Singaporean authorities issued a joint advisory alerting local businesses about the rising threat of an Akira ransomware variant.The alert comes after agencies, including the Cyber Security Agency of Singapore, the Singapore Police Force and the Personal Data Protection Commission, recently received several complaints from victims of the cyberattack.

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Number of New Tokens on DEXs by Chain

For several years, BNB Chain was the dominant blockchain for launching new tokens. However, Solana and Base have now taken the lead by a significant margin, driven by the frenzy surrounding meme coins.

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