Web3 Foundation has announced a new grant awarded to PolkaPort East, aimed at furthering decentralization and bolstering community engagement within the Polkadot (DOT) ecosystem, as per the latest info shared with Finbold on June 4. This Decentralized Futures grant is the first such grant to an organization in Asia.

Ethereums layer-2 solution Linea is promising greater decentralization after the projects team manually halted block production in a bid to censor a hackers address. Linea, Ethereums zkEVM solution designed to improve scalability with over $1 billion in locked value, has found itself in hot water over its what appears to be ambiguous decision to stop the whole network in a bid to censor one address associated with a hacker, who attacked Linea-based decentralized exchange Velocore for $7 million

Key Takeaways Ethereum (ETH) exchange-traded funds (ETFs) are expected to begin trading as early as July this year, but they could pose a threat to the network itself. Looking at over 1 million Bitcoin tokens now in the possession of exchange-traded products (ETPs) around the world, what happens when ETH ETFs accumulate massive portions of the ETH supply that they wont be allowed to stake?

Linea, a Layer 2 blockchain based on Ethereum, has recently reaffirmed its commitment to the complete decentralization of the network after deliberately suspending block production in response to a security exploit involving Velocore, a decentralized exchange operating on the platform. The incident, which occurred on June 2, led to an unauthorized withdrawal of over 7 million dollars in ether, highlighting critical vulnerabilities and prompting Linea to take decisive measures to protect its community and digital assets. On June 2nd, Velocore experienced a significant cyber attack that resulted in the theft of over 7 million dollars in ether.