ZKasino Funds Return, FTX Payouts, and New Ethereum Improvement Proposal (EIP-7702)

M6 Labs Alpha Bytesūüö®: 9th May

GM anon ‚ėēūüźļ

In today‚Äôs Alpha BytesūüĎá

$20 Million ETH Returns to ZKasino: Over $20 million in Ether has been returned to ZKasino's wallet, sparking hope for refunds three weeks after an alleged exit scam. The return of two-thirds of the stolen funds raises hopes about potential compensation for victims.

FTX Creditors to Receive Payments: An impressive 98% of FTX creditors are on track to receive at least 118% of their approved claims in cash, with disbursements expected within the next 60 days.

Vitalik Buterin's New Proposal: Vitalik Buterin and his collaborators have introduced EIP-7702 as an alternative to EIP-3074, aiming to enhance Ethereum's account abstraction. This proposal allows externally owned accounts (EOAs) to temporarily function as smart contract wallets for the duration of a transaction before reverting to their original state.

BTC $61,342 (-1.5%), ETH $2,981(-1.3%), SOL $144 (-2.70%)

Crypto News¬†ūüďį¬†

  • $20 million bridged ETH returns to ZKasino multisig, raising hopes of a refund¬†

  • 98% of FTX creditors to receive at least 118% of allowed claims in cash within 60 days¬†

  • Ethereum co-founder Vitalik Buterin proposes EIP-7702 to refine account abstraction

  • Starknet to bring on AI agents that can carry out on-chain activities

  • LD Capital, Antalpha Ventures, and Highblock announce launch of Hong Kong‚Äôs first $1 billion HKD ETF liquidity fund¬†

  • SEC pushes back against Terraform Labs‚Äô claims that fraud happened outside the United States¬†

  • VanEck‚Äôs Market Vector launches $MEMECOIN index¬†

  • Concerning negative reports of Neel Somani, Founder of Eclipse¬†

  • Wintermute to provide liquidity for Hong Kong Bitcoin and Ether ETFs¬†

  • Introducing Octane: An open-source, high-performance EVM framework¬†

  • USDh: The first Bitcoin-backed yield-bearing synthetic dollar¬†

  • Arcium: the first parallelized confidential computing network¬†

  • NEAR Fast Finality Layer is live on Holesky¬†

  • Inception and Genesis merge into InceptionLRT v2¬†

  • Aragon co-founder announces self-custodial wallet Tuyo

  • Binance denies reports of DWF Labs market manipulation¬†

  • EU seeking stakeholder opinion on adding crypto to $12 trillion euro investment market¬†

  • Harvest partnership to bring HK-listed crypto ETFs to Singapore¬†

  • Hong Kong Authorities Expose Crypto Scam Featuring Deepfake Elon Musk¬†

  • Crypto lending platform Nexo allocates $12 million for ecosystem initiatives¬†¬†

  • Near Protocol‚Äôs ‚Äúdarkness and sovereignty‚ÄĚ posts raise suspicion of a hack¬†

  • Crypto degens hungry for next big SocialFi breakthrough¬†

  • Celsius (CEL) surges 360% following massive token burn¬†

  • Trader loses over $1 million due to OL Network hard fork¬†

  • Tether announces expansion into Eastern Europe¬†

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Project Updates¬†ūüĎ∑‚Äć‚ôāÔłŹ

Interesting ThreadsūüßĶ



  • Hemera Protocol (blockchain infrastructure) raises $2.6 million in a round led by Nomad Capital and Ling Feng Capital

  • Electron Labs raises $1 million¬†


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