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Avalanche Network Freezes
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/21f012a1-8f61-40f3-adf3-54360f91a79e/Wat-is-Avalanche-crypto-AVAX.jpg?t=1708715349)
🔧 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:
- 🔓 Starknet revises token unlock schedule.
- 🚀 Starknet DeFi Spring launches on Intract.
- 💔 Aave’s risk adviser Gauntlet parts ways.
- 💰 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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That’s it for today’s edition! See you soon.
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