Web3 & Metaverse

Sui Mainnet Briefly Halts Operations Due to Gas Fee Logic Bug, Restores Functionality After Coordinated Validator Upgrade

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The Sui mainnet, a high-throughput Layer 1 blockchain designed to support demanding decentralized finance (DeFi) applications and attract institutional capital, experienced a significant disruption on May 29th, when its network came to a standstill for approximately 5 hours and 55 minutes. The prolonged outage was attributed to a critical bug in the gas charging logic introduced in the blockchain's latest software release, version 1.72....
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Web3 & Metaverse

Bank of England Report Hails Oracle Networks as Foundational to Future of Wholesale Payments, Spotlights Chainlink

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A recent report from the Bank of England, released in conjunction with the BIS Innovation Hub London Centre, has generated significant attention within the financial technology sector, particularly for its emphatic endorsement of oracle networks as a critical component for the future of wholesale payments and settlement. The "DLT Innovation Challenge 2025 Final Report," published on May 12th, not only identifies oracle networks as essential but specifically positions Chainlink as a prominent player in this evolving landscape....
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Web3 & Metaverse

Lighter Integrates with Insilico Terminal to Bolster Systematic Trader Adoption and Enhance Order-Book Depth

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The burgeoning landscape of decentralized finance (DeFi) continues to evolve at a rapid pace, with layer-2 scaling solutions striving to bridge the gap between the efficiency of traditional finance and the inherent benefits of blockchain technology. In a significant development aimed at capturing a more sophisticated segment of the market, Lighter, an Ethereum-based zk-rollup layer-2 specifically engineered for order-book trading, has announced its strategic integration with Insilico Terminal, a professional-grade execution management system (EMS)....
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Web3 & Metaverse

Circle Bets Big on the Agentic Economy with Arc, a Dedicated Layer-1 Blockchain

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Circle, the company renowned for issuing the world's second-largest stablecoin, USD Coin (USDC), is embarking on an ambitious expansion beyond its established role in digital currency. The firm is actively building the foundational financial infrastructure for a future where artificial intelligence (AI) agents autonomously execute transactions, bypassing the need for human oversight and manual approvals....
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Web3 & Metaverse

Circle’s Arc Blockchain Prepares for Quantum Computing Threat with Post-Quantum Security Roadmap

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The rapidly evolving landscape of cryptocurrency and blockchain technology is facing an unprecedented, yet largely unaddressed, existential threat: the advent of powerful quantum computers. These machines, still in their nascent stages of development, possess the theoretical capability to shatter the cryptographic foundations upon which virtually all current blockchains are built....
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Web3 & Metaverse

OKX Revolutionizes Crypto Trading Infrastructure with Exchange OS, Empowering Developers to Launch Custom Markets on X Layer

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OKX has unveiled a groundbreaking initiative, transforming its Layer 2 blockchain, X Layer, into a comprehensive platform for the creation and deployment of bespoke cryptocurrency trading venues. The announcement of Exchange OS on May 26 marks a significant upgrade to the X Layer network, granting developers and institutional players the unprecedented ability to launch their own customized crypto markets without requiring explicit permission from any central authority....
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Web3 & Metaverse

Polymarket’s Prediction Markets Dominated by a Concentrated Group of UMA Token Holders, Raising Governance Concerns

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Prediction markets, conceptualized as sophisticated mechanisms for aggregating collective intelligence into quantifiable probabilities, are facing scrutiny over their governance structures. A recent analysis by The Wall Street Journal has revealed a significant concentration of voting power on Polymarket, the world's largest cryptocurrency-based prediction platform....
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Web3 & Metaverse

DeFi Investor Loses Over $400K Portfolio to Sophisticated Google Ads Phishing Attack Mimicking Uniswap

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A seasoned cryptocurrency trader, known online as @ika_xbt, has fallen victim to a meticulously crafted phishing campaign, resulting in the complete loss of their digital asset portfolio, estimated to be worth over $400,000. The incident, which occurred on May 26, highlights a persistent and evolving threat within the decentralized finance (DeFi) ecosystem: the exploitation of search engine advertising to lure unsuspecting users into fraudulent platforms....
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Web3 & Metaverse

OKX Transforms X Layer into a Decentralized Exchange Factory with Exchange OS Launch

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OKX has fundamentally reshaped its Layer 2 network, X Layer, transitioning it from a conventional blockchain into a sophisticated platform designed to function as a comprehensive exchange factory. The company officially unveiled Exchange OS on May 26, a significant protocol upgrade to its X Layer network....
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Web3 & Metaverse

Starknet Foundation Launches Ambitious Three-Tiered Governance System to Distribute 1.7 Billion STRK Tokens and Empower Community Delegates

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The Starknet Foundation has initiated a significant governance overhaul, announcing a groundbreaking initiative to distribute 1.7 billion STRK tokens, representing substantial voting power, to community delegates. This strategic move, launched on March 4, 2025, is designed to fundamentally decentralize decision-making power, shifting it away from a select group of early contributors and toward active participants within the Starknet ecosystem....
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