Leroy Marshall

This Week's Security News: Metawin Casino’s $4M Exploit, ScamSniffer Reports $20.2M Stolen by Phishing Scam

Metawin Casino’s $4M Exploit Sparks Security Concerns Over "Frictionless Withdrawal" Method by The Block Metawin casino recently suffered a $4 million exploit when hackers breached its "frictionless withdrawal system," draining tokens from hot wallets on Ethereum and Solana. This system, intended to provide seamless user

This Week's Grants and Hackathons: Somnia $10M Developer Grants, Arbitrum 5M $ARB Stylus Sprint, Shape’s $250K Shapecraft Hackathon

Grants & Accelerators * Somnia offers $10M in grants for developers building in gaming, social platforms, GambleFi, or virtual worlds on its high-speed blockchain. Apply here * Arbitrum launches the Stylus Sprint with 5M $ARB for Stylus builders to create high-performance apps and tooling on its EVM-interoperable altVM with Applications open November

This Week's Web3 Reads: Strategic Liquidity Provision on L2s, pm-AMM as a Better AMM for Prediction Markets

Web3 Reads is our weekly round up of the top educational, research, and mechanism insights from the industry, along with quick easy to digest summaries. Mechanism ⚙️ Strategic Liquidity Provision on L2 by Alex Nezlobin (@0x94305) Just-in-time (JIT) liquidity on the mainnet is well known, but Layer 2 (L2) networks present

This Week's Infra News: Base surpasses Arbitrum, Helius Webhooks Enables Real-Time Solana Event Monitoring

Monthly DeFi Ecosystem Update by Today in DeFi Among Large Caps, Solana showed  growth across most metrics in October, though recent declines in token prices have dampened some of its momentum.  Layer 2s saw a shift as Base surpassed Arbitrum in both TVL and trading activity, now leading among all

This Week's Security News: M2 Exchange’s $13.7M Breach, $720,000 Stolen at 1inch in Supply Chain Attack

Lottie Player Supply Chain Attack Caused $720,000 Stolen A supply chain attack on the popular animation library Lottie Player compromised the security of several Web3 projects, including the 1inch and Movement dApps. The malicious code, embedded in version 2.0.5 of lottiefiles/lottie-player, prompted unauthorized wallet connection and

This Week's Grants and Hackathons: Talent Protocol Offers Free Devcon Tickets, ETH Global Bangkok $775K Hackathon, Rise In Hackathon offers $250K

Grants & Accelerators * Talent Protocol offers a new Builder Perk. Builders with an on-chain Builder Score above 90 can claim a free Devcon ticket and a $200 travel grant. * Circle launches the second cohort of the USDC Grant Program. Developers can apply for the grant program here. Want to Reach

This Week's Web3 Reads: Vitalik Shares Ethereum Roadmap, AI Agents Being Launched With Pump.fun Model

Ethereum’s Future: The Splurge by Vitalik Buterin Ethereum's 2024 roadmap includes "The Splurge," a series of enhancements that don’t fit into existing categories but are crucial to Ethereum's long-term performance, security, and scalability. Here’s what’s in focus: EVM Enhancements EOF

This Week's Infra News: Arbitrum's Orbit Chains Enables Fast Withdrawal, Sui $USDC Deposits and Withdrawals Live on Coinbase

Ethereum All Core Developers Execution (ACDE) Call #199 Pectra Upgrade Developers reaffirmed the inclusion of EIP 7742 as a prerequisite for increasing blob capacity in the Pectra upgrade. Pectra Devnet 4 was launched on October 18 but encountered issues with specific clients, including Erigon, EthereumJS, and Grandine. Plans for Pectra

This Week's Security News: Tapioca DAO Suffers $4.7M Theft, Eigenlayer Twitter hacked

Security 👾 * Dedaub launches "Security Suite", providing Ethereum-compatible decompilation, monitoring, verification, and transaction simulation for contract analysis and secure testing. * Web3Builder news is supported in part by Dedaub Tapioca DAO Suffers $4.7M Theft Tapioca DAO suffered a $4.4 million loss on Arbitrum due to a private key

This Week's Grants, Hackathons and Events: Abstract Launches Accelerator Program, Alliance $500k MVP Hackathon

Grants & Accelerators * Optimism allocates 8M OP through Retro Funding 5, rewarding developers who contributed to the OP Stack and Ethereum’s success, ensuring the security and vibrancy of the protocol. * Abstract launches the Builder-in-Residence program, offering dedicated resources to support crypto builders by handling the challenging aspects of app

This Week's Web3 Reads: a16z 2024 Crypto Outlook, Ethena Crypto Dollar War

a16z Crypto's 2024 Outlook: Key Trends and Insights The 2024 State of Crypto Report highlights significant shifts in the industry over the past year. Crypto activity reached all-time highs with 220 million active addresses, driven by networks like Solana, Base, and NEAR. Stablecoins emerged as a key application,

This Week's Ethereum and Solana Infra News: PeerDAS & Blob Scaling, SIMD-0180 Leader Schedule Migration

Ethereum All Core Developers Consensus (ACDC) call #144 Pectra Devnet 3 & 4 Barnabas Busa plans to shut down Pectra Devnet 3 soon but will first troubleshoot a block proposal issue with the Grandine client. Pectra Devnet 4, Busa wants one more execution layer client to pass tests before launch,

This Week's Security News: Radiant Capital $50M Exploit, Ambient Finance Website Compromised

Security 👾 * Dedaub launches "Security Suite", providing Ethereum-compatible decompilation, monitoring, verification, and transaction simulation for contract analysis and secure testing. * Web3Builder news is supported in part by Dedaub Radiant Capital $50 million exploit Suffered a sophisticated attack resulting in a $50 million loss due to a malware injection targeting

This Week's Grants, Hackathons and Events: Avalanche $40M Retroactive Grants, Ethereum Interop Forum Bangkok

Grants & Accelerators * Moonveil allocates $1 million from Polygon Labs to its Builder Grant Program, boosting AggLayer-connected projects and Web3 game development. * Avalanche9000 announces Retro9000, offering up to $40M in retroactive grants for builders launching their own Avalanche L1. * Deanslist opens Metaplex DAO Grants, offering $100,000 in USDC and

This Week's Web3 Education: Uniswap Explains ERC-7683, Four Pillars Discusses SUI's Vision

Education/Mechanism 🧑‍🏫 * Uniswap explains ERC-7683, developed with Across Protocol, allowing unified cross-chain intents and solving liquidity fragmentation with a shared filler network. * Four Pillars discusses Sui's vision, using DeepBook to enable seamless smart contract interactions, focusing on composability and productivity over liquidity concerns. * 2077 Research introduces The Hitchhiker&

This Week's Tooling & Infra News: Uniswap Introduces Unichain, Solana Launched Stripe Payments With USDC

Tooling 🛠 Ethereum * Solidity introduces version v0.8.28, allowing full support for transient storage state variables, faster compilation via IR, lower RAM usage, and bug fixes. * Teku introduces v24.10.1, addressing a startup issue with the --validators-proposer-config option from the previous version. Solana * jac0xb.sol introduces Lighthouse V2, the

This Week's Security and Bounties: EigenLayer Loses $6 Million, ZKsync $500k Audit Competition

Security 👾 * Dedaub launches "Security Suite", providing Ethereum-compatible decompilation, monitoring, verification, and transaction simulation for contract analysis and secure testing. * Web3Builder news is supported in part by Dedaub * Rekt News explores the $6 million incident involving EigenLayer, questioning whether it was a case of social engineering or mishandling of

This Week's Grants and Events: EigenLayer $80,000+ Hackathon, Coinbase Offers $25,000 in Grants

Grants & Accelerators * Base announces its 19th wave of 2024 Builder Grants for projects in Nigeria, the Onchain Summit, and on-chain initiatives. * Avalanche announces the infraBUIDL() Program, providing support and funding for innovative projects within the Avalanche ecosystem. * Coinbase announces round 2 of the CDP Builder Grant program with $25,

This Week's Research and Education: EIP-7781 Proposed Reducing Ethereum's Slot Time, How EigenDA achieves hyperscale throughput

Research 🧑‍🔬 * Ben Adams proposes EIP-7781, aiming to reduce Ethereum's slot time from 12 to 9 seconds, increasing transaction throughput by 33%. * Giulio Rebuffo proposes EIP-7779, aiming to gradually increase Ethereum's block gas limit from 30 million to 60 million over two years. * Nero.eth highlights that

This Week's Tooling & Infra News: LayerZero Introduces CryptoEconomic DVNs, Coinbase Announced SOL Staking API Support

Tooling 🛠 Ethereum * OpenZeppelin Contracts 5.1 Release Candidate is now in public testing, with new features and a 50% bug bounty increase. * Reth v1.0.8 released with bug fixes; v1.1 next week will feature a new default engine, with future focus on engine_newPayload. * Geth v1.14.11

This Week's Security and Bounties: Potential Extension Hack For Ethereum in VSCode, Code4rena announces $170,000 competitive audit

Security 👾 * Dedaub launches "Security Suite", providing Ethereum-compatible decompilation, monitoring, verification, and transaction simulation for contract analysis and secure testing. * Web3Builder news is supported in part by Dedaub * Sagey warns of a potential extension hack or honeypot for Ethereum in Microsoft VSCode. * Arbitrum concludes the Nominee Selection phase for

This Week's Grants and Events: Solana Incubator Closing Soon, ETHGlobal $400,000 Hackathon Oct 18-20

Grants & Accelerators * Solana announced the Solana Incubator for crypto startups to build alongside Solana Labs in NYC, with applications due October 4th. * Cyfrin Audits announces $2.5M in applications for Arbitrum teams to subsidize security services. * Base has announced the eighteenth wave of 2024 Builder Grants, supporting a range

This Week's Research and Education: How Solana DePIN Networks Boost Efficiency, Reduce Latency with Parallel State Root Computation Fix

Research 🧑‍🔬 * Charlie Noyes and Max Resnick proposed to delay the state root computation by one block to enable parallel processing and reduce latency. * Kairos Research published a report analyzing Aave, Maker, Lido, and ether.fi, focusing on financial insights and future earnings potential. * Dev Bear proposes a "BURN"

This Week's Tooling & Infra News: Conduct Mass Airdrop With Helius Airship, LayerZero Live on Bitlayer

Tooling 🛠 Ethereum * Nimbus introduced nrpc, allowing offline syncing with era1/era file support and continuous sync without p2p connectivity when connected to a CL. * Nimbus released v24.9.0, featuring beacon API improvements and stability fixes in a low-urgency release. Solana * Helius introduced AirShip, enabling fast, open-source mass airdrops that

This Week's Security and Bounties: Commit-Boost Moves Toward Audit and Production, Sherlock Audits Now Offer Up to $250K

Security 👾 * Commit-Boost, an open-source public good, moves towards audit and production, made possible by collaboration across the Ethereum Community. * SlowMist launched an "Incident Response Service" for Web3 projects, offering on-chain and off-chain analysis and asset tracking to enhance security. * Arbitrum announced 39 candidates have registered for the Security

This Week's Grants and Events: Wormhole $1M Builder Competition, Colosseum $250k Global Hackathon, Chainlink Tokenized RWA Bootcamp

Grants & Accelerators * Worldcoin announced grants for Axiom, for accomplishing significant reduced costs and improve scalability for World ID users. * Wormhole Sigma Sprint, a competition and accelerator program with a total prize and funding pool of over $1,000,000 on October 14-November 13. Want to Reach Developers? Web3 Builder

This Week's Research and Education: Polygon Explains Parallelization in PoS, Offchain Labs Invites Researchers to review Timeboost

Research 🧑‍🔬 * Offchain Labs invites researchers and developers to review their first iteration of Timeboost with a decentralized sequencer and autonomous auctioneer. * 0xjonah shares arXivv paper on blockchain security, covering the methods to approach cyberattack detection in blockchain networks * Snjax published "Using FRI for DA with Optimistic Correctable Commitments in

This Week's Tooling & Infra News: Celestia Lemongrass, ZK Compression, Everclear Beta

Tooling 🛠 Ethereum * Coinbase released SDK v0.6.0, it includes a tokenization API allowing developers to deploy ERC-20 with one line of code. * Coinbase released a one-stop resource to all the demo apps built with the CDP SDK and other CDP tools. * Go Ethereum introduces Geth v1.14.9, a

This Week's Security and Bounties: Prism Announced, Penpie Hacker Hunt, Babylon $1M Bug Bounty

Security 👾 * Prism was announced as a verifiable authentication standard for private messaging being powered by Celestia. * SlowMist published an analysis of the FBI 2023 Cryptocurrency Fraud Report that was released on September 9. * Enclave was introduced as an FHE-based protocol for Encrypted Execution Environments (E3) for better security and privacy-preserving

This Week's Grants and Events: LayerZero lzCatalyst, Solana Boston, SUI Builder House

Grants & Accelerators * LayerZero introduces lzCatalyst, a program dedicated to connect builders with the best venture capital firm in crypto, with funding up to $300M. * Avail introduces Avail Builder Cohort, a 6-week program to help founders accelerate their project's development. Subscribe to Web3 Builder News We publish weekly