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

M6 Labs Alpha Bytes🚨: 9th May

GM anon ☕🐺

In today’s Alpha Bytes👇

$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 📰 

  • $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’s first $1 billion HKD ETF liquidity fund 

  • SEC pushes back against Terraform Labs’ claims that fraud happened outside the United States 

  • VanEck’s 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’s “darkness and sovereignty” 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 👷‍♂️

Interesting Threads🧵

Launches 🚀

Fundraise🤑

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

  • Electron Labs raises $1 million 

Airdrops🍀

That's all for today. We hope our crypto news helps you make informed decisions.

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