Avalanche Network Freezes

🔧 Avalanche Resolves Block Stall

Technical Issue Identified: Avalanche experienced a block finalization stall due to a bug in mempool management, impacting its primary network.

Ava Labs' Response: Kevin Sekniqi of Ava Labs confirmed the issue, attributing it to a code-related bug and advised validators to update their nodes.

Resolution and Normalcy: Following the update, normal operations resumed on the Avalanche network. Read More.

️ On today's Top Picks:

  1. 🔓 Starknet revises token unlock schedule.
  2. 🚀 Starknet DeFi Spring launches on Intract.
  3. 💔 Aave’s risk adviser Gauntlet parts ways.
  4. 💰 EigenLayer raises $100M from a16z crypto.

Read time: ⏰ 7 minutes


Crypto News


• ⭐️ Starknet revises $STRK token unlock schedule after community criticism.

Uniswap Foundation proposes rewarding $UNI holders who have staked and/or delegated.

Sam Bankman-Fried replaces former lawyers ahead of sentencing negotiations.

Kraken seeks to dismiss SEC lawsuit citing it was politically driven

Digital Currency Group files objection to NYAG's settlement agreement with Genesis.

LEJILEX & Crypto Freedom Alliance of Texas files lawsuit against the SEC.

Alpha


Zircuit launches staking allowing users to earn Zircuit points.

Mind Network launches Mind Partnership 01 quest on Galxe.

Conduit releases 3 free NFTs commemorating the launch of L3s.

DeBank launches new $100 Earnings Web3 Badge.

Airdrops


• ⭐️ Starknet DeFi Spring launches on Intract allowing users to earn $STRK.

Bonk! posts, "Users who bridged $BONK with Wormhole or used the Bonk bridge… stay tuned," on X.

zkSync Airdrop Hunting by Crypto Snooper.

Linea Web3 Gaming Campaign by mztacat.

Finance News


Reddit files to list IPO and invests excess cash into Bitcoin $BTC & Ethereum $ETH.

FTX request to sell 7.84% stake in Anthropic granted by a court.

NVIDIA $NVDA surpasses $2 trillion market capitalization.

Security and Exploits


• ⭐️ Aave’s risk adviser Gauntlet parts ways citing inconsistent guidelines and unwritten objectives.

ZachXBT posts evidence alleging Tyronejkd is connected to the $1M 0xCrystals/0xCube scam and 3PEACE account.

US State Department offers up to $15M for information on LockBit ransomware leaders.

Token Unlocks


• Acala / 4.66M $ACA / ~$466K / FEB 24


Funding


• ⭐️ EigenLayer, an Ethereum restaking protocol; raises $100M in funding from a16z crypto.

Flare, a blockchain for data; raises $35M in Private funding from Kenetic Capital & Aves Lair.

Helius, a Solana infrastructure firm; raises $9.5M in Series A funding led by Foundation Capital.

Meso Network, a payment platform; raises $9.5M in Seed funding co-led by Solana Ventures & Ribbit Capital.

Superfluid, an asset streaming protocol; raises $5.1M in Strategic funding led by Fabric Ventures.

Crystal Fun, a decentralized gaming ecosystem & studio; raises $5M in Seed funding.

Nest Wallet, a multi-chain wallet built for traders; raises $3.6M in Seed funding.

Startale Labs, a Web3 tech company; raises $3.5M in Seed Extension funding from UOB Venture Management & Samsung Next.

Citrea, a Bitcoin ZK rollup; raises $2.7M in Seed funding led by Galaxy.

Clave, an account abstraction wallet; raises $1.6M in Pre-Seed funding led by Matter Labs.

Januar, a financial infrastructure partner for crypto businesses; raises $1.6M in Seed Extension funding.

Renzo, a liquid restaking token & strategy manager for EigenLayer; raises an undisclosed amount in funding from Binance Labs.

Honeypot Finance, a DeFi Hub on Berachain; raises an undisclosed amount in funding led by AC Capital & DEXT Force Ventures.

Tornado Blast, a Blast-native bot to trade & snipe tokens; raises an undisclosed amount in Strategic funding.

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Curve DEX logoCurve DEX (Ethereum)SDAISUSDE110.21%
Uniswap V3 logoUniswap V3 (Ethereum)USDCWCOMAI61.11%
Turbos logoTurbos (Sui)USDTUSDC55.94%
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. . .

That’s it for today’s edition! See you soon.

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