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On May 31, 2024, Animoca Brands Japan, a key subsidiary of Animoca Brands, unveiled the name of its NFT launchpad, SORAH by Animoca Brands Japan, slated for a summer 2024 release.

Over the past week, Cardano (ADA) investors faced challenges with declining prices. Nevertheless, there was a noticeable increase in interest within the DeFi sector.

A recent uptick in the number of Ethereum addresses holding 10,000 ETH or more indicates a significant shift from asset distribution to accumulation. This trend reflects growing confidence among large investors in Ethereum's long-term viability.

According to a report by Immunefi, cryptocurrency losses due to hacks and rug pulls amounted to over $473 million across 108 incidents in 2024. In May alone, $52 million was stolen, with Gala Games and SonneFinance being the hardest hit, losing $21 million and $20 million respectively.

Avalanche (AVAX) is set to reduce the barriers to entry for launching a new subnet, aiming to attract more game development teams. Previously, creating a subnet required teams to also become validators for the main Avalanche layer, necessitating a stake of 2,000 AVAX.

Alex Labs, a developer in the Bitcoin layer-2 space, has outlined plans to regain community trust and restart its operations following a recent breach.

Day 2 of Consensus 2024 promises to be just as electrifying as the first, with a lineup of panels that tackle some of the most talked-about issues in the crypto and blockchain space. Whether you're attending in person or virtually, here are the top sessions you won't want to miss:

Davido, the Afro-pop star, has faced backlash from the Nigerian crypto community regarding his management of his recently launched meme token, DAVIDO. There are concerns within the community that he may be planning to dump the token.

Robinhood, the stock trading app, has introduced its cryptocurrency trading application programming interface (API) for users in the United States. This move, announced on May 30, aims to attract experienced crypto traders by offering an API for automated trading strategies.

Veda, a new DeFi abstraction layer, has partnered with EtherFi, a prominent liquid restaking protocol. This collaboration, announced on May 30, integrates Veda's technology into EtherFi Liquid, enhancing automated yield generation strategies. Veda's infrastructure simplifies complex smart contract interactions, removing technical barriers typically associated with accessing intricate DeFi strategies.

During ETHBerlin, Vitalik Buterin, co-founder and lead architect of Ethereum, expressed regret for not implementing a simpler version of Proof of Stake (PoS) sooner

Blocksquare, a protocol for tokenizing real estate, has revealed the tokenization of properties worth $100 million across different sectors.