Understanding Sui, the next major L1 🪙, Magic Eden's venture fund 🖼️, inside a coin pump and dump 📈

Ref is bringing voting escrow tokens to Ref 2.0 to make sure the voice of the Refinians comes first. veLPT is a non-transferable token that represents voting power corresponding to locked LP positions, and the LOVE token (Liquidity Of VEToken) is a transferable token that allows access to boosted farms. Discover how to maximize your REF and gain more control over your liquidity on Ref, while participating on governance votes.

Gnosis Safe has rebranded to Safe and announced a strategic funding round of $100 million. Safe is a programmable ownership platform that enables the secure management of digital assets, data, and identity across DAOs, retail, and institutional users. Its smart contract accounts can be individually configured to suit the needs of different user groups. The funding will help Safe grow an ecosystem of applications and tools on top of its protocol.

Magic Ventures is a new venture capital fund from Magic Eden that will focus on investments in web3 games. The company is also expanding its internal gaming division, Eden Games. Magic Eden will help developers with its launchpad for NFT minting, wallet solutions, game marketplace solutions, and future cross-chain solutions. The company is not disclosing how big the fund is and it is not aiming for a high rate of return.

Arbitrum has launched a new chain built on AnyTrust technology called Arbitrum Nova. Nova is intended for social applications and gaming while Arbitrum One will continue to be visible for NFT and DeFi projects. AnyTrust is a technology aimed at lowering fees, speeding up transactions, and alleviating security concerns. Developers can now apply for access to the Nova platform. The chain will be open to the broader user base in two weeks.

Brave browser has added support for Solana-based decentralized apps in its newest version for the desktop. Support for the mobile version will be enabled in the near future. Brave's over 50 million active users will benefit from much lower fees because of the Solana integration.

Measuring large-scale distributed systems is crucial for recognizing potential issues. This article outlines a method for evaluating blockchain networks inspired by measurements in data center systems. It involves measuring latency and throughput.

Sue is an extremely high-performing blockchain that is an extension of years of research at Meta. The key to its performance is transaction parallelization. Sui is targeted at gaming, DeFi, commerce, and social applications. This Twitter thread gives an overview of Sui's technology, tokenomics, and team.

Centralized social networks restrict what users and developers can do. Decentralized social networks can guarantee that users own a direct relationship with their audience and that developers can always build apps on the network. Cryptography and blockchain provide workable solutions to achieve sufficient decentralization. Companies can still make money by offering services, but they will not be able to be monopolistic and ignore users.

This Twitter thread tells the story of how one small whale pumped a random low-volume coin on Binance. The whale's plan involved buying a shill video, billboards, and ads across the world. The thread includes screenshots and photos of the ads, as well as a link to the shill video. The whole project cost the whale less than $200,000.

There was no exploit and the protocol remains secure.

Judge Martin Glenn of the Southern District of New York has granted an emergency motion to freeze the remaining assets of crypto hedge fund Three Arrows Capital.

This article tells the story of how Daniela Brozzoni became a Bitcoin developer for Blockstream and the Bitcoin Development Kit within just a few years of leaving high school.

The Treasury Department is now inviting the public to submit comments on what they think a comprehensive system to oversee digital assets should look like.

It plans to invest anywhere between $500,000 to $25 million in early-stage projects and up to $100 million in later-stage companies.

A look at blockchains and Decentralized Oracle Networks, their similarities and differences, and their use cases.