Aurelia Butler

A major event in Cosmos is the recent passing of Governance Proposal No.917: a request by Dora Factory and DoraHacks for a $1 million grant from the Cosmos Hub community treasury. This grant will support ten rounds of Quadratic Funding within the Cosmos Hub ecosystem over the next two years.As one of the largest treasury funding applications, this proposal sparked extensive discussions within the Cosmos community and received overwhelming support. Over $1 billion worth of ATOM, including major validators and core Cosmos contributors, voted in favor. The approval rate reached 91.9%, making Gov Proposal 917 the motion with the highest approval rating in the Cosmos Hub’s history. Following the approval of this proposal, Dora Factory, in collaboration with DoraHacks, has officially announced the second AEZ (ATOM Economic Zone) quadratic funding program, marking the launch of the first long-term funding initiative. This quadratic funding program will span two years, starting May 15, 2024, and ending May 2026.The passing of Gov Proposal 917 brings native Quadratic Funding to the Cosmos Hub for the first time. What is Public Goods Funding?Public goods funding is a frequently discussed concept within the Web3 industry. Generally, public goods refer to goods or services that are available for everyone to use. In crypto, public goods can include blockchain infrastructure, storage, developer tools, software middleware, and user-facing applications such as block explorers, data dashboards, and wallets.Due to its inherent transparency and verifiability, crypto and blockchain are ideal tools for funding public goods.However, web3 public goods funding also faces numerous challenges.Dora Factory: Infrastructure Born for Public GoodsDora Factory is a leading decentralised governance infrastructure and multi-chain public goods funding protocol stack, incubated and supported by DoraHacks, the industry’s developer and public goods funding platform. Its products include Public Good Staking infrastructure and Dora Vota, an appchain for voting and governance designed to empower the global Hacker Movement, open-source communities, and DAOs. Multi-Chain Quadratic Funding: Aligning Communities and Ecosystem BuildersWhat is Quadratic Funding? Through native-token donations, token-holder communities can support high-quality early-stage projects and public goods within various ecosystems, fostering better collaboration among foundations, communities, and developers. As the first and only team in the industry to develop and advocate for this approach, Dora Factory is a true leader in multi-chain quadratic funding. It has successfully deployed native quadratic funding in numerous mainstream crypto ecosystems, including BNB Chain, Solana, Polygon, Aptos, Cosmos Hub, Injective, and Avalanche.Public Good Staking: Providing Sustainable Funding for Public GoodsIn late 2022, Dora Factory introduced the concept of Public Good Staking. By operating underlying infrastructure such as validators, they earn native block rewards that are continuously used to fund multi-chain developers and public goods ecosystems.Dora Factory has promoted public good staking in over 30 ecosystems’ mainnets and testnets, achieving a TVL (Total Value Locked) of over $400 million, providing up to $10 million in sustainable annual funding.In the future, Dora Factory will explore ways to use cryptocurrency to fund cutting-edge technology fields like space technology, quantum computing, artificial intelligence, and biomedical research. Community Incentive Fund: Making Public Goods Funding More FunDora Factory launched the Community Incentive Fund to make the public goods funding process more engaging and fun. Top meme and NFT projects like Celestia’s Celestine Sloth Collection, Injective Ninja, Aptos Gui Inu, and Aptos Monkeys have become partners of the Community Incentive Fund. Through retroactive airdrops and gamified donations, these projects have brought more fun to public goods funding, receiving contributions and donations from nearly 100,000 unique addresses across different communities.Anonymous Minimum Anti-Collusion Infrastructure (aMACI): Bringing Privacy Technology to On-Chain Public Goods GovernanceMACI is a cryptographic technology designed to maximize the detection and elimination of collusion in voting. In 2022 and 2023, the Dora Factory team collaborated with ETHDenver, 0x, and OpenSea to introduce privacy voting to crypto hackathons. MACI has significantly improved privacy and reduced collusion in on-chain governance and voting. In 2024, Dora Factory launched aMACI, adding voter anonymity to eliminate collusion between the vote initiator and the operator. This further enhances privacy and lowers the usage threshold of MACI voting. This is a significant step towards future large-scale decentralized voting systems. Dora Vota: Open Infrastructure for Public Goods FundingDora Vota is a multi-chain governance and voting infrastructure. Vota and interoperability protocols like IBC will provide modular voting and governance infrastructure, such as plug-and-play quadratic funding modules and grant distribution mechanisms. As the first permissionless appchain focused on scaling on-chain voting, Dora Vota will offer developers a valuable playground, unlocking more possibilities for public goods funding and decentralized community governance.Recently, Dora Factory secured strategic financing from dao5, Whampoa Digital, and angel investors like EigenLayer co-founder Calvin Liu. This is the first strategic round of a new funding series since Dora Factory’s $17.5M raise in 2021.As Dora’s Public Good Staking grows and Vota’s ecosystem matures, the team believes Dora Factory will continue exploring new solutions to traditional funding inefficiencies, accelerating the maturity of governance and public goods funding in the multi-chain ecosystem.ContactCommunity contributorChris LeeDora [email protected] article was originally published on Chainwire More

She explained, for crypto beginners, what an alt season is and revealed the main drivers that cause it to happen. Lucie believes that it is “a fantastic opportunity” for Shibarium, its main coins SHIB, BONE and LEASH, and for the Shib army as well.As it happens, the unique features of Shibarium can attract the attention of a wider cryptocurrency community and its adoption would enhance the ecosystem. A higher trading volume of Shibarium tokens would ensure an increase in liquidity, and trading these tokens would become easier.Lucie assured the community that an alt season is not only about taking profits off the table, but it is also “a chance to showcase #Shibarium’s potential and cement its place in the crypto world.”Once investors holding Bitcoin see it surging to new highs, they begin to sell to lock in profits. Afterwards, having withdrawn money from the paramount crypto, they begin to invest it into altcoins – they are cheaper to get and promise bigger potential profits. They also begin to look for a cryptocurrency with major potential in the near future. Altcoin prices begin to surge, surpassing Bitcoin’s growth.This boosts hype on the market: “The excitement brings in even more investors, pushing altcoin prices higher.”This article was originally published on U.Today More

As of the latest CoinMarketCap data, Bitcoin is trading at $64,222, representing a 3.98% increase in the past 24 hours. This spike in Bitcoin’s price is quite notable as the cryptocurrency has failed to cross the $64,000 mark in recent times.Notably, the surge comes following the release of the U.S. Consumer Price Index (CPI) data, showing a 3.4% drop on a year-on-year basis. This data aligns with expectations from analysts, explaining the reason behind the spike in the price of Bitcoin. Traders on index swaps are now anticipating a faster pace of rate cuts following the most recent CPI data. In addition, the Federal Reserve is expected to decrease borrowing costs in September and December. As previously reported by U.Today, Saylor forecast that U.S. pension funds, which collectively manage more than $27 trillion in assets, will need “some Bitcoin.”During the recent dip in BTC’s price, volume analysis showed increased buying activity. This indicates strong support from buyers at lower price levels. Typically, this accumulation phase often precedes a price rally, as investors take advantage of lower prices to build their positions.As investors await the next price levels for the leading digital assets, it is worthy of note that volatility is inherent to the crypto market.This article was originally published on U.Today More

BOSTON (Reuters) – Two brothers who studied at the Massachusetts Institute of Technology were arrested on Wednesday on U.S. charges that they carried out a cutting-edge scheme to exploit the Ethereum blockchain’s integrity and steal $25 million worth of cryptocurrency.Federal prosecutors in Manhattan called the scheme perpetrated by Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, “novel” and said the case marked the first time that such a fraud had ever been the subject of U.S. criminal charges.Authorities said they executed their elaborate heist in April 2023, stealing $25 million from traders in just 12 seconds by fraudulently gaining access to pending transactions and altering the movement of cryptocurrency.”As we allege, the defendants’ scheme calls the very integrity of the blockchain into question,” U.S. Attorney Damian Williams said.An indictment charged them with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. Anton Peraire-Bueno was arrested in Boston, while James Peraire-Bueno was arrested in New York.Their lawyers did not immediately respond to requests for comment. Both brothers had attended Cambridge, Massachusetts-based MIT, where according to prosecutors they studied computer science and math and developed the skills and education they relied upon to carry out their fraud.The indictment alleged that for months, the Peraire-Bueno brothers plotted to manipulate and tamper with the protocols used to validate transactions for inclusion on the Ethereum blockchain, a public ledger that records each cryptocurrency transaction.Prosecutors said they did so by exploiting a vulnerability in the code of software called MEV-boost that is used by most Ethereum network “validators,” who are responsible for checking that new transactions are valid before they are added to the blockchain.Prosecutors said that after carrying out the heist, the brothers rejected requests to return the funds and instead took steps to launder and hide the stolen cryptocurrency. More

Multipool, a leading innovator in the blockchain and cryptocurrency industry, announces the close of its $650k VC investment round led by NxGen, and the announcement of its Fjord Foundry LBP on May 21st-23rd. In the past month, Multipool has brought together the best of the crypto investment scene and connected them with the next big thing, receiving an overwhelmingly positive response from the community.The Multipool LBP launches with industry professionals including NxGen, a group of private investors and advisers. These stakeholders provide Multipool with all the skillsets and regulatory support needed to reshape the industry offering compliance, flawless technological development and widespread awareness.The Big LaunchWith the close of the VC round, Multipool will launch their LBP on Fjord Foundry May 21st – 23rd, where crypto enthusiasts from all around the world can participate, joining a community of vibrant experts on the cutting edge of crypto tech.To learn more about Multipool and the upcoming LBP, users can visit:Website – www.multipool.financeTelegram – t.me/multipoolfiX – https://twitter.com/multipoolfiAbout MultipoolMultipool is a cutting-edge decentralized exchange (DEX) transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. Multipool is designed for fairness and equality, featuring a fully decentralized on-chain order book, deep liquidity through dynamic bracket pools, and seamless trading of RWAs and cryptocurrencies. Utilizing world-class innovations including industry-first FIX APIs, low latency networks, zero price impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection, Multipool sets a new standard in DeFi trading. Experience unparalleled efficiency and security in your trading journey with Multipool – The DEX with CEX appeal.ContactPublic Relations ManagerAngie [email protected] article was originally published on Chainwire More