News linked to both this project and an event.
LG Electronics has selected the Ethereum Layer 2 network Arbitrum to develop a new blockchain to support advertising and media-related scenarios. Following the news, Arbitrum's native token ARB rose more than 5% in a single day.The network will be used for the placement, purchase, sale, and management of digital advertisements, as well as recording user interactions with ad content. Developed by Offchain Labs, Arbitrum utilizes Optimistic Rollup technology, aiming to provide a faster and lower-cost transaction experience on Ethereum.This is not LG's first foray into blockchain. Previously, LG launched the enterprise-grade blockchain Monachain through its IT service subsidiary LG CNS and developed the crypto wallet Wallypto. It also launched the Art Lab NFT marketplace, although the platform was shut down last year.
NFTfi, an NFT抵押借贷平台, officially announced on X that due to the shrinking NFT market resulting in potential revenue being insufficient to cover operational costs, it has decided to gradually shut down the project over the coming months.Starting today, the platform will no longer support initiating new loans. Existing loans can be refinanced until July 31. Borrowers can repay loans at any time before August 31, and all existing loans will be executed according to their original terms. NFTfi will cease operations and take down its frontend website on August 31, 2026. The smart contracts will continue to operate autonomously on-chain, and users can directly repay loans and claim collateral through the contracts thereafter. Before the shutdown, the official team will release detailed instructions for directly interacting with the smart contracts. The Discord channel will remain open during this period to provide support.
According to the official TON announcement, the TON Vote community referendum concluded on June 8. A total of 81.22% of voters supported renaming TON’s native token “Toncoin” to “Gram,” changing its ticker from “TON” to “GRAM,” and updating the logo accordingly. The rebranding will officially take effect on June 15, 2026, at 12:00 UTC. The blockchain network name—“The Open Network”—remains unchanged. User balances, addresses, smart contracts, NFTs, and DeFi positions are unaffected; no migration or action is required. Exchanges and ecosystem projects are expected to display the asset as “Gram (prev. Toncoin)” during the transition period and complete full updates by June 22. The official notice warns that any claims requiring users to “migrate” or “exchange” TON for GRAM are fraudulent.
a report released by Messari shows a clear divergence in the TON ecosystem during the first quarter of 2026. Its cross-chain NFT market share grew by 130.4% quarter-on-quarter, reaching 35.5%; relying on Fragment settlement, revenue from Telegram-related products reached $88.5 million. However, multiple ecosystem metrics declined. TON's total value locked (TVL) in USD fell by 34.9% quarter-on-quarter, daily active addresses decreased by 8.8%, and the average daily USDT transfer volume dropped to $77 million, down 32.5% quarter-on-quarter. Additionally, after the end of the first quarter, TON has implemented 4 out of the 7 initiatives outlined in the MTONGA upgrade plan.
Binance has announced an upgrade of its NFT services to Binance Wallet. Starting June 3, 2026, users holding transferable NFTs will have a one-month window to withdraw their NFTs to Binance Wallet or another compatible wallet. After the upgrade is complete, Binance’s centralized exchange platform will discontinue support for its existing NFT services on July 3, 2026; any transferable NFTs not withdrawn by then will become inaccessible. Non-transferable NFTs—by design—cannot be withdrawn and will likewise become inaccessible after July 3. To support this migration, Binance is also launching a fee reimbursement campaign for withdrawals of both non-CR7 NFTs and CR7 NFTs.
According to The Block, Ethereum Layer 2 project Zero Network has announced its imminent official shutdown—just about 1.5 years after launch. Launched by the Zerion team in November 2024, Zero Network positioned itself as the first EVM-compatible rollup offering fully gas-free transactions, aiming to lower barriers to entry and drive mainstream adoption. The team stated it will now focus its resources on Zerion’s API and wallet business. Users must bridge their NFTs, ETH, and other tokens out of the Zero Network by the end of July; the bridge’s deposit functionality is currently suspended.
the Solana validator client Firedancer, developed by Jump Crypto, is now officially running on the Solana mainnet and has started producing blocks.Firedancer Lead Engineer Ritchie Patel stated that over the past few months, the client has processed tens of millions of transactions. However, the team is currently adopting a gradual deployment strategy and has no plans for a large-scale public rollout. Patel noted that until all security audits are complete, upgrading more than half of the network's validators simultaneously would pose significant risks.Firedancer is an independent validator client developed by Jump Crypto for Solana, aimed at enhancing network performance and reducing the risks associated with reliance on a single client. Patel indicated that the project's architecture draws from traditional high-frequency trading systems, with the goal of bringing blockchain performance closer to that of conventional financial market infrastructure.Additionally, the team has recently concluded a public security audit competition with a total prize pool of $1 million. According to Patel, with Firedancer's gradual deployment, the Solana network's stability during high-concurrency scenarios such as meme coin and NFT trading has already seen a notable improvement. (CoinDesk)
Adam Hollander, Chief Marketing Officer of OpenSea, stated that the next cycle of NFTs could look very different from the speculative frenzy of 2022, which saw over $1.6 billion in trading volume. Speaking to The Block at Consensus Miami, Hollander noted that it "makes perfect sense" to put assets like collectible cards, luxury watches, and digital tickets on-chain for trading, and that these could be the core drivers of a new wave of NFTs.Adam Hollander emphasized that although avatar-based NFTs like Bored Apes and CryptoPunks have experienced a value crash, NFT technology still has potential to prove ownership of both digital and physical assets. He believes the previous NFT boom relied too heavily on speculation, with buyers treating NFTs more like a digital casino rather than focusing on their technology and real-world value. The future application of NFTs will be driven by actual demand for collectibles, in-game items, AI tools, and more. The development of artificial intelligence will also lower the barrier to creating digital art, animations, and games, thereby accelerating NFT adoption.Regarding platform development, OpenSea is working to build an ecosystem that allows users to manage all their crypto assets and NFTs across different wallets and chains, while optimizing the user experience. This includes simplifying the onboarding process, supporting Apple Pay-like fiat payments, and displaying NFT prices in US dollars. When asked about the delay in launching the much-anticipated SEA token, Hollander stated that the decision lies with the OpenSea Foundation, and he personally has no further information on the timeline. He emphasized that if the token were merely an "airdrop meme coin," it would not create value for users. (The Block)
Caixin reported that a private banking client was sentenced to six months’ immediate imprisonment and fined HK$500,000 for deliberately providing false information in a CRS declaration—the first criminal conviction in Hong Kong for violating CRS rules. CRS 2.0 refers collectively to the revised OECD Common Reporting Standard (CRS) and the Crypto-Asset Reporting Framework (CARF); its framework entered into force on 1 January 2026. On 27 March 2026, the Hong Kong government published the Inland Revenue (Amendment) (Automatic Exchange of Financial Account Information) Bill 2026 in the Gazette; the bill underwent its first reading in the Legislative Council on 1 April 2026 and is expected to take effect on 1 January 2027—marking Hong Kong’s accelerated domestic legislative implementation of CRS 2.0. CRS 2.0 explicitly brings cryptocurrencies within the mandatory reporting scope, including stablecoins, crypto derivatives, certain NFTs, central bank digital currencies (CBDCs), and specific electronic money products. Cryptocurrency exchanges, custodians, and related funds must fulfill KYC obligations and report information to tax authorities—systematically closing off avenues for concealing wealth using crypto assets.
According to a research report released by cybersecurity firm Expel, the company is tracking an advanced persistent threat (APT) group dubbed “HexagonalRodent,” which is highly assessed to be a North Korean (DPRK) state-sponsored actor. This group primarily targets Web3 developers and specializes in stealing high-value digital assets—including cryptocurrencies and NFTs. In the first quarter of 2026 alone, the group compromised 2,726 developer devices and stole access credentials for 26,584 cryptocurrency wallets, with the total value of stolen assets reaching as high as $12 million. The group primarily carries out its attacks via fake job postings—publishing lucrative positions on LinkedIn and Web3 recruitment platforms to lure job seekers into completing “skills assessments” embedded with malicious code. These assessments exploit VSCode’s tasks.json functionality to automatically execute malware when victims open the project folder. The malware used includes BeaverTail, OtterCookie, and InvisibleFerret, all of which possess capabilities such as password theft, remote control, and reverse shell execution. Notably, the group extensively leverages generative AI tools—including ChatGPT and Cursor—to develop malware, build counterfeit corporate websites, and generate AI-forged executive teams. It even registered a shell company in Mexico to enhance the credibility of its operations. Additionally, the group recently carried out its first-ever supply-chain attack, successfully infiltrating a VSCode extension.
According to an official announcement, the AINFT platform today announced its official integration with Trust Wallet. Through the Trust Wallet browser extension, users can now log in and connect to cutting-edge AI models with one click on both the TRON and EVM networks; mobile users can also access these services anytime via the in-app browser on EVM networks. This integration further enhances the flexibility of Web3 identity interactions with AI services, making decentralized intelligent creation truly accessible. New users receive a welcome bonus of 10,000 points upon login.
According to The Defiant, the NFT marketplace Foundation has permanently shut down following the failed sale to digital art display company BlackDove. Its platform infrastructure has been taken offline, and there are currently no plans to relaunch it. Foundation’s founder, Kayvon Tehranian, stated that the company had originally hoped to extend its operations through the sale, but the deal fell through—and the team concluded there was no need to continue seeking a buyer. Foundation previously facilitated approximately $230 million in primary sales. The report notes that BlackDove, after conducting comprehensive due diligence following operational handover, decided instead to build its own proprietary marketplace. Foundation also announced it will continue providing a fixed one-year service for media and metadata hosted on IPFS; users must manually cancel their listings and withdraw their NFT assets.
According to official data, the AINFT platform has officially surpassed 700,000 users. The continuously growing user base—combined with the ongoing iteration and enhancement of its AI model capabilities—is accelerating AINFT’s emergence as one of the leading AI platforms in the Web3 space. Currently, AINFT has opened access to production-ready AI models for users and fully supports the execution of on-chain automated workflows, enabling an ultra-fast closed loop from creative conception to on-chain implementation. Leveraging its rapidly expanding community and open technical architecture, AINFT will continue lowering the barriers to Web3 AI adoption, empowering more innovative applications to deploy efficiently.
According to an official X (Twitter) announcement, starting today, the original AINFT official account will transition to B.AI. The B.AI brand focuses on advancing Agent Finance—enabling AI Agents to autonomously perform tasks such as fund management, trade execution, and yield optimization—thereby granting AI genuine financial autonomy while accelerating the technical realization of Artificial General Intelligence (AGI). To ensure a smooth community transition, the rebranding will be implemented in phased upgrades, avoiding disruptions from an abrupt, all-at-once switch. During this process, AINFT will continue operating as a core sub-brand within the B.AI ecosystem. All AINFT-related content, technological updates, and community activities will migrate to the new channel @AINFTcom (https://t.me/AINFTcom).