Subject: 🚀🦎 More Shaky Bridges 🌉

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Harmony’s Horizon Bridge was exploited for $100 million in altcoins. According to Harmony’s team, they are now working with national authorities and forensic specialists to determine the hacker’s identity in hopes to recover the stolen funds.


Prior to this, there were concerns from the community over the security issues regarding Horizon Bridge’s multisig wallet on Ethereum which only required two out of the four signees to withdraw its funds.


This incident is far from the first bridge exploit to have occurred. Before this, Meter’s token bridge, Axie Infinity’s Ronin Bridge, and the Wormhole Bridge were also exploited for nearly $1 billion in total.


In today's news, Voyager Digital reduces withdrawal limit, Cristiano Ronaldo signs NFT partnership, and Solana Labs dabbles with smartphones.


Read on!

24h Hot Searches Worldwide 


  • Harmony                    (-11.1%)

  • Polygon                      (+18.0%)

  • Evmos                          (+0.1%)

  • Solana                          (+6.9%)

  • Cosmos Hub               (+7.5%)

  • Terra                             (-3.5%)

  • Celcius Network         (+3.7%)


The blue-chips are back, with this week’s leaderboard dominated once again by the Yuga Labs collections - CryptoPunks, BAYC, MAYC, Otherdeeds. Meanwhile, no-utility, no-roadmap, free-to-mint NFTs like goblintown.wtf and ShitBeast have been slipping, slowly fading into oblivion like so many past collections that dominated with their 15 minutes of fame. All is well and “right” in the world of JPEGs again, as some might put it.


Catch up with the latest NFT developments in our latest article here!


You can also read our other articles for the week:

🎙️Chatting with Ramon Recuero, founder of Babylon Finance on:

• Investment DAOs
• Asset management strategies
• Robo-advisory for investments
• Future of DeFi
• and more!


Watch the interview 📺
Listen to the podcast 🎧

Here's a preview of our latest Gecko Ramblings! 🦎



The Odyssey Begins


The Arbitrum Odyssey has officially begun! For the next 8 weeks, users can perform tasks within the Arbitrum ecosystem to earn exclusive NFTs.


For Week 1, users will have to bridge ETH into Arbitrum using one or some of the selected bridges here to qualify for the NFT. If you happen to use the bridge that gets the highest volume at the end of the week, you will get a bonus NFT!
  
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Disclaimer: The information presented is not financial advice from CoinGecko. The information shown here may carry risks of smart contract failure and impermanent loss. Always DYOR and only invest what you are willing to lose.

Voyager Sailing On Rough Seas


Trading platform Voyager Digital reduced withdrawal limits to $10k from its previous $25k. It appears the platform may still risk being insolvent despite already receiving a bailout of $200 million and 15k BTC from Alameda Research.


Voyager Digital is one of the firms that has exposure to Three Arrows Capital (3AC), a crypto hedge fund that is now struggling to repay huge loans due to liquidity issues.


Decrypt

SIUUUUUUUU! 


Cristiano Ronaldo has just signed a multi-year NFT partnership with Binance. The collaboration has goals to introduce football fans to Web3 via global NFT campaigns.


The partnership will involve creating a series of NFT collections with Ronaldo which will be sold on the Binance NFT platform exclusively. The first collection will be released later this year.


The football superstar commented that he is eager to provide his fans “unprecedented experiences and access” through the NFT platform.


CoinTelegraph

Planning For A New Phone? 


Solana Labs is building an Android phone named “Saga”. The device will be a modified OSOM OV1 with exclusive crypto wallet functions and the “Solana Mobile Stack (SMS)” software development kit for Web3 applications. 


The phone will come with a Web3 dapp store, integrated with “Solana Pay” for QR code-based payments using Solana, a mobile wallet adapter and a “seed vault” that will securely store private keys within the phone. It will cost about $1000 and be made available in early 2023.


This will be Solana’s biggest bet yet on mobile-focused growth. FTX CEO and key Solana backer Sam Bankman-Fried has noted the clunky experience of Web3 on mobile devices and the much needed upgrade for the mobile user experience.


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Arweave


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