• Safe raises $100 million funding round.

• Celsius files for Chapter 11 bankruptcy.

• Disney selects Polygon for its program.

• MetaMask Mobile integrates popular RPCs.

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Safe has spun out from GnosisDAO after raising $100 million in a funding round led by 1kx. The round included participation from A&T Capital, Blockchain Capital, Digital Currency Group, ParaFi, and Lightspeed Ventures among others. Now rebranded as Safe, the multisig wallet solution has secured more than $40 billion in assets for users, including 13% of all Cryptopunks currently stored using Safe.

Disney has selected Polygon as a participant in Disney’s 2022 Accelerator program, a business and development program looking to develop new technologies within AR, NFTs, and AI. During the course of the program, each participating company will receive guidance from Disney’s senior leadership team, as well as a dedicated executive mentor. Polygon was the only Web3 company selected for the accelerator program. The other participants include Flickplay, Inworld, Obsess, Red6,  and Lockerverse. The selected participants mark a potential play into the metaverse landscape for Disney.

MetaMask Mobile released v5.3 of its application with support for adding popular networks with a few clicks. Users can now click on “add network” and select from a pre-filled list of networks to add. The update includes integrated support for Avalanche, Arbitrum, Binance Chain, Fantom, Harmony, Optimism, Polygon, and Palm. The feature will be added to MetaMask’s Chrome extension in the next update.

ETH leaderboard developer Greg Skrill released ENS Fairy, a dapp for gifting ENS domains. The tool removes three transactions from the typical process of buying and gifting a domain. The dapp also has an ENS Fairy Vault, a multisig wallet managed by validator.eth and nick.eth to keep the names of brands and public figures safe until they're ready to be gifted.

Crypto lending platform Celsius has filed for Chapter 11 Bankruptcy nearly a month after freezing customer accounts on June 12th. Under Chapter 11 Bankruptcy, a company remains in possession of assets and has the authority to operate a business while undergoing a restructuring process. In its filing, Celsius requested continued payment of employee salaries and benefits without disruption. The company did not request authority to allow customer withdrawals. Celsius holds $167 million in cash which will in part be used to support operations. A new court filing revealed the company has a $1.3 billion hole in its balance sheet.

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• Starkware confirms Starknet token launch.

• GameStop NFT hits $1 million in 24-hour volume.

• Pods Finance releases Pods Yields vault.

• Animoca Brands raises $75 million.

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Starkware has confirmed the launch of its native Starknet token. The news comes after 3AC founder Zhu Su revealed details about Starkware token warrants in a letter to liquidators. The Starknet token will have a total supply of 10 billion with an ERC-20 version coming to Ethereum. The token distribution includes 17% for StarkWare investors, 32.9% for Starknet software developer partners, and 50.1% for a newly created Foundation. The foundation’s allocation is further broken down into 9% for StarkEx L2 users, 9% for community rebates, 12% for Starknet grants, 10% for ecosystem activities, 2% for donations, and 8.1% unallocated. The token is part of Starkware’s road to decentralization and will be used for governance, transaction fee payments on the network, and staking. Starkware plans to launch the token in September of this year. Next year, the company will release token allocations to the community based on verifiable work.

GameStop’s launched a public beta release of its NFT marketplace this week, generating more than $1 million in 24-hour volume. The non-custodial marketplace is built on Loopring’s Ethereum-based L2 network, enabling low-fee transactions. The marketplace has already surpassed Coinbase NFT’s all-time volume of 1,704 ETH. Users can connect to the marketplace with a browser-based wallet, including GameStop’s own wallet browser extension. GameStop earns a 2.25% fee for each sale as part of the marketplace fee. In February, GameStop partnered with L2 network Immutable X which included a fund of up to $100 million in IMX by Immutable.

Pods Finance, a decentralized options protocol, has launched its first Pods Yields vaut. Coined stETHvv, the vault focuses on ETH accumulation using a weekly stETH strangle to capitalize on volatility. A strangle is an options strategy in which both a call and a put option are held with different strike prices. Pods is opening the vault gradually with an initial cap of 500 stETH. The code is not yet fully audited. Pods finance supports vaults on Arbitrum, Ethereum and Polygon. Pods Finance is a Brazil-based DeFi protocol seed funded by Boost VC and The LAO.

Game publisher Animoca Brands has raised $75 million in fresh capital at a $5.9 billion valuation. The funding was the second part of a previous round in January, which raised close to $360 million at a $5.5 billion valuation. The company’s valuation has more than doubled from a $2.2 billion valuation in October 2021. Animoca Brands said it will use the fund for acquisitions, investments, and product development. The company also plans to secure licenses for IP rights in popular projects. Animoca Brands’s investments include more than 150 NFT-related projects including The Sandbox, OpenSea, and NBA Top Shot.

Aztec Network, a privacy-focused ZK-rollup, updated its website after the launch of Aztec Connect. The Aztec team is the inventor of Plonk, an industry-standard universal zk-SNARK. More than 6k users have made deposits into its zk.money privacy dapp. In total, users have deposited more than 1500 ETH into the rollup.

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• Hackers steal 7,500 ETH in a Uniswap V3 phishing attack.

• Celsius pays back $113 million in DeFi loans.

• Lenstube launches on Polygon mainnet.

• Optimism distributes Phase 0 governance tokens.

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Argent has integrated with Layerswap to enable CEX deposits onto the Argent X wallet. Argent X is a browser wallet for the StarkNet L2 network. Users can now use Layerswap to bridge funds from centralized exchanges such as Coinbase, FTX, FTX US, Binance, Huobi, OKEx, Kucoin, Bitfinex, and Kraken. Layerswap is a solution that allows users to deposit funds from a CEX into L2 networks

Optimism began distributing 36.6 million $OP tokens to Phase 0 projects that successfully requested tokens from the governance fund. In total, the governance fund consists of 5.4% of the total $OP supply. Slingshot, Clipper Exchange, Perpetual Protocol, and Gelato are among the projects that have already received the funds. The governance fund is broken down into two phases, with Phase 0 distributing 0.8% of the total $OP supply and Phase 1 distributing 4.6% of the total $OP supply. 12.3 million $OP remains in the OP wallet for Phase 0 distributions. The grants were designed to reward existing projects that have driven the growth of the Optimism ecosystem.

Uniswap LPs fell victim to a phishing scam resulting in a hacker stealing more than 7,500 ETH in V3 positions. An attacker airdropped malicious tokens to Uniswap LPs and manipulated data so that block explorers index the "From" field as the legitimate "Uniswap V3: Positions NFT" contract. The name of the token directed users to a malicious website that claimed the users could swap the tokens for UNI. The website directed users to sign a “set Approval For All” transaction, giving the attacker the ability to redeem the user’s Uniswap v3 LP tokens. The attacker then laundered the funds through Tornado Cash in batches of 100 ETH. Binance CEO CZ had mistakenly announced the attack as an exploit on UniswapV3. Uniswap creator Hayden Adams later addressed the issue as a phishing scam unrelated to the protocol itself.

Celsius Network has paid back $113.1 million towards its DeFi loans on Aave and Compound. The company’s debt in DeFi protocols is down to $123 million, compared to $236 million last week. The loan repayments have allowed the company to withdraw 400k stETH from its collateral, which is currently worth about $428 million. Last week Celsius paid off a $41.2 million DAI loan on MakerDAO to unlock $440 million worth of WBTC. It remains unclear if Celsius plans to trade stETH for ETH, which would result in further losses to do a slight de-peg. User accounts on Celsius have been frozen since June 12th.

Lenstube, an open-source video-sharing platform built on top of Lens Protocol, is now live on Polygon mainnet. Tape uses Arweave’s Bundlr Network to store videos permanently on IPFS. Anyone with a lens handle is now able to use Tape to watch or upload videos. Similar to Lenster, users can collect video content as an NFT. The platform allows creators to monetize by setting membership fees for their channel and being able to receive tips. Creators can also customize who can collect videos and associated fees. The social media platform features a YouTube-like user interface with the ability to subscribe to channels and like and comment on videos.

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