So.. are we back?

The crypto markets were lit today, with major coins pumping hard. Bitcoin (BTC), Solana (SOL), and NEAR Protocol (NEAR) led the charge, raking in the biggest gains. This rally is mostly thanks to the news that US inflation eased up compared to last month.

So...are we back?

BTC $66,213 (+3.86%), ETH $2,991(+1.55%), SOL $162.16 (+9.15%)

Project Updates 

• AlexLab BTC exploited for $4.3M, reveals CertiK

• Cypher Protocol rugger @hoakbuilds releases statement on current situation 

• Sonne Finance releases postmortem following $20 million exploit 

• DegenChain is back online 

• Lens Protocol introduces the Lens Network leveraging zkSync 

• MakerDAO announces the launch of its first shuDAO called Spark

• Lido Finance co-founders and Paradigm secretly funded Symbiotic, a competitor to EigenLayer 

• @Mirrorlyxyz integrates Hyperliquid vault copy trading 

• @Isekaimoney shutting down 

• Zeta blockchain unveils zetachain 2.0

• Amulet Finance to open new markets on testnet 

• Asymmetry Finance $afCVX goes live 

• Optimism introduces Deployment Rebate 

• Cyber mainnet layer2 launch 

• Chain of Alliance introduces Alliance Games 

• GameFi studios are booming again as crypto prices recover

• Oasys expands crypto gaming presence in Japan with SBI’s NFT market 

Threads 

• Ignas DeFi research thread on the state of the market 

• A thread by Ouroboros Research on RLB and CHZ leading into Euro 2024 

• Thread by DeWhales Capital explaining Layer N  

• The crypto x AI series by @accelxr 

• The boring state of the market and what's next 

• A very simple explanation of @initiaFDN

• A thread on the interoperability landscape 

• Paul O’Leary on how Polygon’s zkEVM will enhance Ethereum scalability 

• Are CBDCs the ultimate weapon against money laundering 

• Reentrancy attacks in smart contracts explained 

Crypto News 

• Binance launches funding rate arbitrage bot 

• Deutsche Bank joins Project Guardian to explore asset tokenization applications 

• US inflation falls to 3.4%: RadarHits

• Department of Justice indicts MEV bot operators for wire fraud and money laundering

• Robinhood announces the launch of Solana staking in Europe 

• Web3 social network Lens is migrating to zkSync and planning to scale 

• Re raises $7 million in funding led by Electric Capital 

• US brothers arrested for stealing $25m in crypto in just 12 seconds 

• ETH-BTC ratio slides to lowest levels since April 2021 

• India’s SEBI open to oversight of crypto trading, unlike the Reserve Bank 

• Industry experts foresee massive growth for the crypto market 

• Wallet recovery firms abuzz as locked out crypto investors panic amid Bitcoin boom 

• Canada’s “crypto king” and associate arrested, charged with fraud in alleged $30 million Ponzi scheme 

• Ethereum struggling to keep pace with crypto market rally 

• FTX repayments could cause crypto buying pressure 

That's a wrap for today!

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