• RISC Zero launches its zkVM 1.0.

• ZKsync ZK token claim goes live.

• Paradigm releases Alloy v0.1.

• Ternoa launches ZKEVM+ on testnet.

Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.

RISC Zero launched zkVM 1.0, the production-ready iteration of its general-purpose zkVM. The system can generate proofs for any program written in Rust and is compatible with multiple chains, enabling proof verification on any chain. According to RISC Zero, zkVM 1.0 is more cost-efficient than competing proof systems like Plonky3, The launch of zkVM 1.0 features proof composition, onchain verification, and continuations. Leading up to the zkVM release, RISC Zero conducted a Trusted Setup Ceremony, underwent security audits, and published its verifier on several platforms including Ethereum, Base, OP, Arbitrum, World Chain, and Starknet. Developers can now use zkVM to create a ZK-powered dapp on any chain.

ZKSync's ZK token is now live, releasing 17.5% of its total 21 billion supply into circulation. At the time of recording, ZK is trading at approximately 22 cents, giving it a fully diluted valuation (FDV) of just under $5 billion. ZK currently ranks in the top 100 tokens by market cap, but its rank is lower than Starknet, Optimism, and Arbitrum. The token launch marks the start of ZKsync governance, enabling ZK token holders—referred to as the Token Assembly—to delegate, propose, and vote on protocol upgrades. Over 74% of the airdropped ZK token supply was claimed in the first 24 hours. ZKsync Era is an EVM-compatible ZK Rollup.

Paradigm released Alloy v0.1, a suite of developer libraries for interacting with Ethereum. The release includes the Alloy JSON-RPC, Alloy Core, foundational type, and ABI coders. Alloy introduces a new Network trait that defines operations for multiple chains. Alloy also splits RPC behavior modification middleware into three abstractions. Alongside the software, Paradigm released resources, including the Alloy Book, AlloyDocs with detailed Rust documentation for each function in the repository, and practical code examples. With the introduction of Alloy, Paradigm is phasing out support for ethers-rs and is urging developers to migrate to the new framework. Paradigm will release APIs in the forthcoming V1 release.

Ternoa launched ZK-EVM+ on testnet, a ZK-powered L2 solution built on Polygon CDK, incorporating Avail for data availability. The new chain is designed to enhance security and privacy while maintaining full EVM compatibility. zkEVM+ also incorporates a hybrid coprocessor architecture that uses both ZK and TEE proofs. ZK-EVM+ was deployed using Zeeve, a RaaS provider.

• RocketPool completes Houston upgrade

• EtherFi integrates Symbiotic

• Doodles migrates its studio to Base

• Arbitrum launches the Stylus Blitz hackathon

• NodeKit introduces Javelin

• Cyber Dual Staking Pool

• Layer3 leading L2 mints

• Kroma L2 on OP Stack

• Delivery at Dawn wrap-up

• Preconfirmations: On splitting the block

• Devcon VII raffle-auction

• Rep. Michael Collins buys VELO

• Polygon introduces a Governance Hub.

• ETH ETF launch expected July 2nd. 

• Infinex craterun farming campaign.

• Uniswap goes live on ZKsync Era.

Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.

Polygon introduced the Governance Hub, a new governance portal developed in partnership with DAO tooling provider Aragon. The hub integrates two fundamental aspects of Polygon governance: Protocol Governance and System Smart Contract (SSC) Governance. It will also facilitate the submission and management of Polygon Improvement Proposals (PIPs). A new council will manage the governance of System Smart Contracts, with POL tokenholders having the ability to vote on or veto the council's decisions. The governance hub is currently in development and will be rolled out in phases, featuring iterative enhancements. The hub aims to become the central point for all Polygon upgrades.

Bloomberg analyst Eric Balchunas anticipates that trading for Spot ETH ETFs will commence by Tuesday, July 2nd. He stated that today, SEC staff issued minor comments on the S-1 forms submitted by issuers and requested their return within a week. The Form S-1 filings must be approved before trading can commence. On May 23rd, the SEC gave the green light to 19b-4 filings for eight Spot ETH ETFs. While the approval of S1 forms typically takes weeks to months, Balchunas suggests the agency might expedite approvals before the upcoming holiday weekend. Following the news, ETH's price increased by $100, moving from $3,410 to just over $3,500.

Infinex, a CEX-focused interface for trading Synthetix Perps, launched Craterun, the final phase of its governance farming initiative. This campaign aims to distribute governance power via Patron NFTs to foster community-driven participation. Users holding funds on Infinex will earn crates, which function as raffle tickets, offering a chance to win a portion of $5 million in prizes. Participants from the previous phase will receive a 25% bonus if their assets remain deposited in the new campaign. Infinex is also adding support for ETH and SOL deposits. Founded by Synthetix founder Kain Warwick, Infinex aims to compete with CEXs by prioritizing UX and using smart accounts to minimize friction.

Uniswap is now live on ZKsync Era, marking it as the 10th supported EVM-compatible chain on the DEX. Users can swap and provide liquidity on ZKsync directly through the Uniswap interface. Uniswap is also hosting a quest campaign on Layer3. ZKsync Era, a ZK Rollup, launched on mainnet in March 2023 and currently has a total value locked (TVL) of $728 million. ZKsync is set to launch its native ZK token on Monday, June 17th.

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• Curve founder gets CRV liquidated.

• Zapper introduces Zapper Protocol.

• Beaconcha.in V2 beta dashboard.

• UwU suffers a second exploit.

Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.

Curve Founder Michael Egorov faced the liquidation of his CRV-backed loans across several lending protocols. Arkham data reveals that his $140 million in CRV tokens were liquidated across five protocols, resulting in millions in bad debt. Egorov committed to pay back the bad debt in full. CRV's price is down over 20% in the past 24 hours, reaching a low of about $0.24 during the liquidation. Uniswap founder Hayden Adams commented on the event, noting that the liquidation was inevitable and that Egorov “is smart enough to know that.” In July 2023, Egorov sold a substantial amount of CRV in OTC transactions to top up his collateral and prevent a liquidation event at the time. Aave previously adjusted parameters for CRV collateral to prevent the risk of bad debt.

Zapper, a DeFi portfolio aggregator, introduced the Zapper Protocol, a new layer designed to facilitate the interpretation and contextualization of onchain data. The protocol aims to make blockchain data human-readable and accessible. Zapper built indexing templates that standardize the indexing process, allowing anyone to interpret data without requiring coding skills. Zapper released two initial components: Event Interpreters, which convert complex blockchain transactions into readable formats, and Position Interpreters, which add missing positions or balances to addresses. Zapper also introduced $ZAP, its native utility token that will incentivize data interpretations and facilitate payments for data access, set to launch in Q4 2024.

The Beaconcha.in block explorer launched its V2 beta dashboard for tracking validator performance on the Holesky testnet. The new dashboard supports tracking for up to 100,000 validators and provides real-time data, custom validator groups, and validator efficiency metrics that evaluate performance based on attestation, block proposal, and sync committee histories. The dashboard also features a slot visualizer and provides a detailed rewards breakdown per epoch. Operators can also generate shareable links for their dashboards.

UwU Lend, a DeFi lending protocol on Ethereum mainnet, has been hit by a second attack, resulting in an additional loss of $3.7 million. UwU suffered an exploit earlier this week that drained $20 million from the protocol. Unlike the first, today’s attack did not stem from an oracle issue. UwU reportedly addressed previous vulnerabilities before unpausing operations. The protocol is now offering a public bounty of $5 million to anyone who can find and identify the exploiter.

• Vitalik: One-bit-per-attester

• Based preconfs go live on devnet

• Lens SDK 2.3.0 release

• Ethresear.ch: mev-boost compatible preconf

• ETH ETF by the end of summer

• zkSync adds ZK token FAQs

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