Everest Ventures Group, a top Web3 group in Asia, created OpenSocial Protocol. This tool offers open-source, multichain social app infrastructure, letting users and communities build social decentralized applications (dApps) without needing coding skills.
LayerZero Admits Mistake in $292 Million Kelp DAO Exploit
LayerZero issued a public apology on Friday for the $292 million Kelp DAO exploit, admitting its single-verifier setup should never have secured high-value cross-chain transactions. The reversal follows three weeks of blame-shifting and comes as Kelp migrates rsETH to Chainlink's CCIP.
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Markets
Strategy Buys $200 Million in Bitcoin, Raises STRC Dividend to 11.5%
The company funded the purchase partially through the issuance of STRC, its variable-rate preferred stock, though the majority of capital came from selling common shares.
Press Release
Web3 Gaming
93% of Web3 Games Are Dead After $15 Billion Boom, Gamers Never Showed Up
93% of GameFi projects are dead, token values have collapsed 95% from 2022 peaks, and studio funding fell 93% by 2025 — Caladan's report confirms Web3 gaming burned $15 billion chasing speculators while gamers never arrived.
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Artificial Intelligence
Anthropic Finds 'Emotion Vectors' Inside Claude, And They're Driving Dangerous Behavior
New interpretability research shows internal emotion-like signals causally push the model toward blackmail, reward hacking, and sycophancy — sometimes without any visible trace.
In partnership with Brinc, a global leader in venture acceleration and corporate innovation, the Boba Liftoff Accelerator helps founders move their projects to the Boba Network.
The capital raised will enhance Redpill’s technological infrastructure and expand its global presence, keeping the platform at the forefront of decentralized technology.
Abstract is a new Layer 2 blockchain being built using Matter Labs' ZK Stack and EigenLayer's data availability layer EigenDA to help make the process of developing decentralized apps easier, cheaper, and safer.
The Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget speech on July 23 made no mention of cryptocurrencies. It has left the crypto industry in India in a state of uncertainty.
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