Odaily Odaily News On May 17, Ethereum's second-layer network Linea announced the first points plan Linea Surge, which encourages users to hold assets in Linea and deploy them to the DeFi protocol to obtain LXP-L tokens. The first phase of the plan supports a total of 34 assets, of which 6 are listed as mainstream assets: ETH, WETH, WBTC, nextwETH, M-BTC and SolvBTC. Among them, M-BTC is the second-layer mapping token of Bitcoin's second-layer network Merlin Chain. The current total circulation is 19,000, about US$1.2 billion. SolvBTC is a multi-chain interest-bearing token of the DeFi protocol Solv Protocol. It has exceeded US$1 billion in TVL, 80% of which is in Merlin Chain. It is reported that M-BTC has been launched on multiple public chains including Merlin Chain, Linea, B^2, Mode, Manta, zkLink, and Nova, and will continue to expand in the future to provide a wider range of liquidity.

On May 17, the on-chain confidential computing project Arcium released a roadmap consisting of four phases. The first phase will launch an incentivized private testnet (a group of early builders will lay the foundation for the Arcium network); the second phase will launch the public testnet Arc 1 (bringing the first wave of users to the Arcium ecosystem, launching the first validator set and introducing the first application); the third phase will launch the public testnet Arc 2 (focusing on the network's staking mechanism, allowing users to delegate staking, and releasing the first round of pilot applications for traditional industries such as healthcare, scientific research and finance); the fourth phase will launch the public testnet Arc 3 (the last stage before the mainnet launch, integrating all stages).

According to Foresight News , ZK blockchain gaming ecosystem Tevaera released its LayerZero token share distribution plan, of which 45% will be distributed to the top 5,000 Rep score ranking members (Top 100 to 5,000 are divided into 3 tiers, with 15% allocated to each tier); 30% (weighted) will be airdropped to Guardian ONFTs Bridge users; 15% (weighted) will be airdropped to Magical Phoenix NFT holders; and 10% will be airdropped to Tevaera developers.

According to ChainCatcher, according to Coinglass data, the entire network has been liquidated for $121 million in the past 24 hours, of which long orders have been liquidated for $82.92 million and short orders have been liquidated for $38.32 million. Bitcoin liquidated about $34.97 million and Ethereum liquidated about $20.35 million.

Odaily Odaily News: Digital art platform Art Blocks announced the launch of the Ark Blocks Studio project on the X platform. It is reported that the project has been in preparation for more than a year and aims to provide artists with a platform to publish NFTs or projects on their own, while allowing collectors to explore, connect with artists, purchase and display algorithmic art. Art Blocks said that the platform will undergo many changes in the next few days and months, and it is expected to exhibit the content of the first batch of artists who released Ark Blocks Studio.

According to ChainCatcher, according to RootData data, the price of Drift Protocol token (DRIFT) is now $0.31, with a 24-hour increase of more than 219%. Earlier on May 16, Drift Protocol had launched DRIFT tokens and opened airdrop applications. In addition, according to Web3 asset data platform RootData, Drift Protocol is a decentralized perpetual contract exchange based on Solana.

Odaily Odaily reported that CoinW announced that it will launch WIF at 18:00 Beijing time on May 17, open the WIF/USDT trading pair, and provide a reward of 5,000 USDT to users participating in the bounty program.

According to ChainCatcher, RWA Protocol stated on its social platform that the TVL of its income products has exceeded US$420 million, making it the largest provider of tokenized U.S. Treasury bonds.

Odaily Odaily News: In response to the announcement by Ethereum's second-layer network Blast that its airdrop activity will be launched on June 26, NFT trading platform Blur said on the X platform that since it has been confirmed that Blur Season 3 is supported by Blast, and the current airdrop schedule has been updated to June 26, Blur Season 3 will also end on that day. In addition, Blur founder Pacman also said that he has noticed that the community has some confusion about whether the airdrop allocation will increase and whether Gold will be increased, and the actual scale of the airdrop is increasing at a rate that adapts to the delay.

According to ChainCatcher, Synthetix announced the migration plan for V3. The migration will be divided into two phases, of which SNX holders of the Ethereum mainnet will migrate in June, and SNX holders of Optimism will migrate later. Synthetix also stated that in order to expand the scale of sUSD, sUSD incentives will be launched next week, including providing at least 10,000 OP incentives per week for the sUSD/USDC liquidity pool on Optimism's VelodromeFi, and at least 20,000 SNX incentives per week for the sUSD liquidity pool on Ethereum Curve.

Odaily Odaily News DefiLlama data shows that Pump.fun 24H revenue reached 807,000 US dollars, surpassing Solana to rank third, second only to Ethereum and Tron. The 24H revenue is the second highest in the history of Pump.fun, with the highest single day being 1.23 million US dollars on May 14.

Odaily Odaily News: The second round of AEZ quadratic funding for the Cosmos ecosystem has been launched on the global geek sports platform DoraHacks.io. This round of funding is a quadratic funding round that was launched immediately after the CosmosHub major public goods governance proposal Prop #917. Currently, there are 12 public goods BUIDLs and application chain open source infrastructure receiving funding in the round, and new BUIDL submissions are open continuously. The deadline for this round of quadratic funding is June 20, and the community can donate to AEZ's BUIDL at any time before the deadline to complete the quadratic vote. Donations after the deadline will be counted in the third round of quadratic funding.

According to Foresight News , the on-chain proxy machine intelligence network Spectral released an updated roadmap for 2024. Spectral Labs plans to launch more AI agents and tools in the second quarter, and work with other Web3 companies to develop agents for specific use cases; in the third quarter, it will release an updated version of its flagship product SYNTAX v2, where users can create their own agents through a conversational interface and deposit assets into agent wallets; in the fourth quarter, it will launch Inferchain, a chain dedicated to agent registration and verification.

According to ChainCatcher, Binance announced that recently, Binance Financial Crime Compliance Department (FCC) and the Investigation Bureau of the Ministry of Justice of Taiwan, China, cracked a major criminal case involving virtual asset money laundering, involving nearly NT$200 million. Binance provided support to Taiwanese crime fighters throughout the case, providing key intelligence and assistance, and played a key role in advancing the investigation. In addition to business assistance, Binance has also launched a series of law enforcement training programs in Taiwan, working with more than a dozen different units and involving more than a thousand law enforcement officers. These efforts have received very positive feedback.

PANews reported on May 17 that according to the official Twitter account of the dYdX Ecosystem Development Program, the total amount of the latest round of funding is US$2.6 million, including the following items: - Integrate Skip Protocol’s Slinky sidecar: Supports new price oracle mechanisms and dYdX’s permissionless market listing system. - Xenophon Labs tests and analyzes the LP Vault feature: Coming soon on dYdX, allowing users to provide liquidity using delta-neutral market making strategies in long-tail markets. - Managing Solana RPC nodes: RHINO, kingnodes, Polkachu, and Lavender will manage Solana RPC nodes, enabling dYdX to access Solana’s price data feeds. - Funding Viktor Mirovic to manage four Solana RPC nodes: adding redundancy and decentralized price discovery capabilities.

According to ChainCatcher, Deepcoin recently announced that it has officially connected with FOBL, a member of the Korean CODE Alliance and a compliant exchange. Korean users can now legally transfer deposits and withdrawals between Deepcoin and FOBL. Currently, FOBL, a local compliant exchange in South Korea, supports deposit and withdrawal transfer services with many global cryptocurrency exchanges such as Binance, OKX, and Deepcoin. FOBL CEO Ahn Hyun-jun said: "FOBL is pleased to see the official connection with Deepcoin, and is committed to continuously improving market trust and investor protection. The cooperation with global exchanges that comply with the Travel Rule standards supervised by FATF and other regulators is expanding." In January this year, Deepcoin announced that it became the first overseas cryptocurrency exchange this year and the seventh in the world to access the CODE compliance solution to comply with the Korean cryptocurrency Travel Rule regulations. The official connection with the Korean exchange FOBL also marks another milestone for Deepcoin in security compliance and expanding its international footprint.

PANews reported on May 17 that Solana ecosystem DEX Jupiter announced that it has made two optimizations to the governance mechanism based on user feedback. First, users can now partially unstake JUP tokens while retaining a portion of the stake for voting. It should be noted that partially unstaken tokens do not have voting rights during the cancellation process. Second, in order to give users more time to understand the content of the proposal, a timer has been added to the voting page, and users need to wait a few minutes before voting after opening the proposal.

According to Foresight News , according to SoSoValue data, Bitcoin spot ETFs had a total net inflow of $257 million on May 16. Yesterday, Grayscale's GBTC had a single-day net inflow of $4.6382 million, and the current historical net outflow of GBTC is $17.652 billion. The Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock's IBIT, with a single-day net inflow of $93.7004 million, and the current total net inflow of IBIT is $15.596 billion. The second is Fidelity's FBTC, with a single-day net inflow of $67.0829 million, and the current total net inflow of FBTC is $8.387 billion. As of press time, the total net asset value of the Bitcoin spot ETF was US$54.628 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) was 4.25%, and the historical cumulative net inflow has reached US$12.404 billion.

According to Foresight News , the anime game metaverse Sekuya completed a US$1.6 million financing on May 14, led by SingularityDAO, with participation from OIG Capital, GAINS Associates, NewTribe Capital, SEED THRIFT VENTURES, Bigger Than Race VC, as well as angel investors such as Casiraghi Mario A., SingularityNET, R1n, and W3GG.

Odaily Odaily News: Taiko, the second-layer Ethereum network based on zkRollup, announced the launch of multi-prover Raiko on X. Raiko is an integrated environment that can build, run and benchmark ZK-VM targets. It currently supports SP1, Risc0 and SGX, and is working on integrating Jolt and Powdr.