The Genesis Block

Deutsche Bank has announced its collaboration with the Monetary Authority of Singapore’s Project Guardian, a multi-year initiative aimed at exploring the potential of asset tokenization in regulated financial markets. The banking giant will test an open architecture and interoperable blockchain platform for servicing tokenized and digital funds. This move signifies Deutsche Bank’s commitment to leading https://news.bitcoin.com/deutsche-bank-explores-blockchain-based-asset-tokenization/

Lens Protocol has inroduced Lens Network, an EVM-compatible chain on zkSync’s Stack. https://twitter.com/LensProtocol/status/1790458242855751950

In a landmark move, Wisconsin has become the first U.S. state to invest in bitcoin, underscoring the growing institutional interest in cryptocurrencies. The State of Wisconsin Investment Board, which manages over $156 billion in assets, purchased 94,562 shares of Blackrock’s Ishares Bitcoin Trust, worth nearly $100 million, and also acquired shares of Grayscale’s Bitcoin Trust https://news.bitcoin.com/wisconsin-pioneers-state-level-bitcoin-investment-in-the-u-s/

Andrei Grachev stated that DWF Labs is preparing lawsuits against the disseminators of false information. https://twitter.com/agdwf/status/1790290327179260141

CoinList is not in control of the delivery of TRIBL tokens and is considering possible legal actions to address this issue. https://twitter.com/coinlist/status/1790503094595326205

The co-founders of Lido are secretly funding a competitor to EigenLayer. According to several people with knowledge of the matter, the project is called Symbiotic and has drawn backing from not only the Lido co-founders, Konstantin Lomashuk and Vasiliy Shapovalov, through their venture firm Cyber Fund, but also Paradigm. Symbiotic allows users to "restake" using Lido's staked ether stETH token and other popular assets that are not natively compatible with EigenLayer. https://www.coindesk.com/tech/2024/05/14/lido-co-founders-paradigm-secretly-back-eigenlayer-competitor-as-defi-battle-lines-form/

Salim Ramji, a former executive at Blackrock renowned for his leadership in Ishares and Index Investments, and for overseeing the filing for Blackrock’s Ishares Bitcoin Trust, has been appointed the new CEO of Vanguard, signaling a potential shift in the asset management firm’s stance on cryptocurrencies. Ramji, set to replace Tim Buckley on July 8, https://news.bitcoin.com/vanguard-appoints-crypto-friendly-salim-ramji-as-ceo-sparks-speculation-on-bitcoin-etfs/

LayerZero announces that Sybil bounty hunting begins on May 18th, 02:00 UTC. Bounty reports will be due on May 31st, 23:59 UTC and must contain at least 20 addresses with a clear methodology. A successful report will result in a bounty hunter receiving 10% of a sybil’s intended token allocation and the sybil receiving nothing. Self-reporting is open until May 17th, 23:59 UTC. Addresses that self-report as sybil receive 15% of their intended allocation, no questions asked. Addresses that do not self-report and are identified as sybil by its internal report, co-authored with Chaos and Nansen, or found during the bounty process will receive nothing. https://x.com/layerzerolabs/status/1790470417532018882

Chain of Alliance has introduced Alliance Games. Alliance Games offers decentralized hosting, AI-driven game creation, and a blockchain-agnostic platform. https://twitter.com/chainofalliance/status/1790366487619989582

Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne Finance suspended its Optimism Market and assured that https://news.bitcoin.com/defi-protocol-sonne-finance-reports-major-security-breach-20-million-lost-to-hackers/