Mind The Block: Your Weekly Dose of Web3 News and Insights
Mind The Block Headlines This Week
Table of Contents
- EigenDA adds security measures
- Bybit Web3 launches IDO 2.0
- Hong Kong forms Web3 subcommittee
- Particle Network raises $ 15 million
- Vatican Library adopts blockchain
- Earn Alliance partners with Sky Mavis
- Solana revenue drops to $626.9K
- How to convert ETH to USD safely
News
- EigenLayer’s EigenDA has introduced new security measures to combat Sybil and DDoS attacks.
- AI Depin project Grass is integrating Solana wallets into its rewards distribution process.
- Ordinal Hive and Merlin Chain have partnered to create the first Ordinal trading protocol specifically designed for professional traders.
- Aave DAO has unanimously approved the deployment of Aave on ZKsync, a high-level support for the Ethereum Layer 2 chain.
- HashKey Group plans to airdrop its native token, HSK, in Q3 2024 to enhance user engagement and community involvement.
- BLOCX. TECH has launched a suite of Web3 solutions, including B. Desktop, B.TXT, B. Marketplace, and B. Guard.
- Light Protocol and Helius Labs have introduced “ZK Compression” to scale Solana apps further using state compression.
- The nChain Web3 app for ComplexCon Hong Kong was used by 30,000 attendees, showcasing the power of blockchain.
- Infer.so has launched the world’s first multimodal AI voice bot, aiming to revolutionize industries like e-commerce and fintech.
- Metaplanet, a Japanese investment firm, has acquired Bitcoin worth $6.3 million from a recent bond sale.
- WSPN and DigiFT have announced a strategic partnership in Web3 digital payments and investment.
- Chainlink has unlocked 21 million LINK tokens, transferring 18.25 million to Binance, boosting liquidity and market activity.
Extras By Mind The Block
- Tezos (XTZ) has introduced a revamped staking experience with the Paris protocol upgrade.
- IQ GPT Chatbot, an AI assistant for crypto and blockchain, has been integrated into BladeSwap, a growing veDEX built on Blast_L2.
- FBI has indicted four members of the FIN9 group for orchestrating over $71 million in crypto-related hacking attacks on US companies.
- Useful Proof of Work (uPoW) is a blockchain consensus mechanism that combines security and distributed computing for blockchain-driven AI.
- ZettaBlock and Stellar have partnered to enhance Web3 development with advanced data and analytics tools.
- AnyTopic has partnered with ElevenLabs to offer personalized audiobooks, transforming online learning with AI voice generation.
- A user lost $11 million in a phishing attack after signing fraudulent Permit signatures.
- EasyA, the world’s leading Web3 education app, has surpassed one million developers and is launching its Polkadot education campaign.
- Nubank has partnered with blockchain company Lightspark to integrate Bitcoin Lightning Network transactions into its operations.
- Cega has launched Shark Fin vaults to address the market gap for conservative investors and DeFi lenders.
- Xend Finance has launched its Layer 1 Real-World Asset Blockchain, Asset Chain.
Major Companies Making Moves
- Bybit Web3 is launching IDO 2.0, a new system designed to empower loyal users and democratize access to Initial DEX Offerings (IDOs).
- Cardano has released a significant update, “docker-cardano-cli v8.24.0.0-1,” to improve stake pool management.
- BitoGroup has partnered with Far Eastern International Bank to launch the world’s first dedicated crypto-friendly bank account.
- Aptos Labs has announced a multi-year strategic development agreement with NBCUniversal.
- OKX Wallet has integrated with ChainGPT and AITECH, providing users with AI features like chatbots, NFT generators, and smart contract tools.

Government, SEC & Regulation
- The US government will report seized crypto assets as “nonmonetary property,” while CBDCs will be treated as monetary instruments.
- Cryptocurrency is a significant topic in the 2024 US presidential election.
- Iceland’s crypto industry is making strides but faces energy challenges.
- Hong Kong’s Legislative Council has established a Subcommittee on Web3 and Virtual Asset Development.
- Nigeria’s SEC has given Virtual Asset Service Providers (VASPs) a 30-day ultimatum to comply with new rules regarding digital asset issuance.
- South African tax authorities are scrutinizing crypto traders amid compliance uncertainty.
- Japanese lawmakers Seiji Kihara and Masaaki Taira have urged the country to “redefine” crypto and its regulation.
- Thailand is pursuing a bid to join the BRICS group, aiming for strategic space without compromising US ties.
- South Korea’s Institute of Finance warns that introducing spot crypto ETFs may weaken the local economy.
- Montenegro Prime Minister Milojko Spajic invested in fugitive Do Kwon’s Terraform Labs crypto project years before its collapse.
- Nigeria’s government rejects US lawmakers’ allegations of Binance CEO Tigran Gambaryan’s brutal treatment in jail.
Raises & Major Investments rounds
- Web3 data and development platform Particle Network raised $15M in a Series A funding round led by The Spartan Group.
- Rollup-native cloud platform Conduit raised $37M in a Series A funding round led by Paradigm and HAUN Ventures.

- Pantera Capital is raising funds for a new TON token investment, following its previous significant investment in the cryptocurrency.
- Verida has raised $5 million in a seed funding round to develop secure data storage solutions to protect against unauthorized AI training.
- PlayDoge, a hybrid meme coin Play-to-Earn cryptocurrency, has raised $5 million in its initial weeks.
Trends & Narrative
- The Vatican Library is partnering with NTT DATA Italia to use blockchain technology to preserve its vast collection of manuscripts.
- Chris Li predicts a gradual shift in blockchain development focus towards vertical scaling in the next five years.
- Blockchain technology is enhancing cybersecurity by providing robust solutions to protect sensitive data and maintain digital transaction integrity.
- Desiree Dickerson believes games can onboard people to Bitcoin and streamline payment infrastructure.
NFTs, Gaming, Metaverse
- Earn Alliance has partnered with Sky Mavis to integrate Ronin-based games into its web3 gaming discovery platform.
- Wondra Protocol aims to create the world’s first AI agent-driven metaverse 2.0 ecosystem.
- Paris Match is auctioning 75 iconic archival photos as Ethereum NFTs to commemorate its 75th anniversary.
- UK-based Saltwater Games has received funding from Animoca Brands to integrate its L3 with Mocaverse.
- Gemz offers players a daily combo feature that allows them to claim 5 million free tokens by purchasing or leveling up three mining upgrades.
- Konami is partnering with Ava Labs to create Resella, an NFT network on Avalanche.
- MEET48, a social metaverse platform, has launched the Web5 (Web2 + Web3) product matrix, combining AI and Web 3.0 technologies.
- Shardbound launching open beta via Epic Games Store on 27th June.
Onchain Data
- Solana’s revenue dropped to $626,900 on June 23rd, despite low network congestion.
- Dogecoin, the leading meme-coin, has experienced massive liquidation in the last seven days, causing a decline of 8.61%.
- Optimism (OP) price is potentially ending its 40% drop after a month-long drawdown.

- Avalanche (AVAX) has hit a six-month low with a 15% correction over the past week, with a technical chart suggesting a 50% correction.
- Litecoin price has retraced its annual lows and is on a short-term declining trend.
Educational Guides and Tips from Mind the Block
- How do you put the right valuation on digital assets?
- How to Convert ETH to USD Safely and Efficiently.
- Earning Passive Income By Staking SCALE Tokens On DeDust.io.
- What is Toncoin (TON), and how can you buy it?
- Roles of TradFi and DeFi In The Economy, Details On Their Integration.
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