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.
According to MetaMask’s official blog, MetaMask has officially launched its first self-custodial wallet designed specifically for AI agents—MetaMask Agent Wallet—and will begin its Early Access Program on June 8, 2026. The wallet connects to AI agent frameworks via a command-line interface (CLI) and supports the full suite of DeFi functionalities—including token swaps, perpetual contracts, prediction markets, and liquidity provision—across all EVM-compatible chains (Ethereum, Arbitrum, Base, Avalanche, Optimism, Polygon, BSC, Linea, Sei) as well as Hyperliquid. On security, the wallet offers two operational modes: - Default “Guard Mode” allows users to set daily spending limits and protocol allowlists; transactions exceeding these rules require manual two-factor authentication (2FA) approval before execution. - “Beast Mode” grants advanced users greater autonomy, but malicious transaction detection and mandatory 2FA verification remain enforced. All transactions undergo transaction simulation, Blockaid threat scanning, and MEV protection. Secure transactions are backed by up to $10,000 per month in transaction protection. Users retain full control of their private keys and can export their seed phrase at any time. The full public release is expected this summer.
Mastercard is expanding its settlement network to support regulated stablecoins, planning to introduce stablecoin settlement, intraday settlement, as well as weekend and holiday settlement services to meet the demand for real-time fund movement.According to the introduction, the new settlement framework will operate in parallel with the existing fiat settlement system, providing financial institutions with more flexible liquidity management solutions. The first supported stablecoins include Circle-issued USDC, Paxos-issued PYUSD, USDG and USDP, Ripple-issued RLUSD, and SoFiUSD.The related services will cover blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. (CoinDesk)
the decentralized contract trading platform Pingu Exchange has announced its permanent closure, with the platform set to go offline on July 31, 2026. Launched on Arbitrum in January 2024, Pingu started with approximately $270,000 in seed capital, achieving a cumulative trading volume of around $2.4 billion and distributing about $650,000 in ETH and USDC to stakers. The team subsequently migrated to the Monad mainnet, but over the roughly six months following the migration, the platform's trading volume reached only about $80 million. The team has not taken salaries since February to avoid depleting the treasury.
According to The Block, the DeFi lending protocol Radiant Capital has announced it will officially cease operations. The protocol suffered a hack in October 2024, losing approximately $51 million; the attacker gained unauthorized access by deploying backdoor contracts on Arbitrum and BNB Chain. Earlier in 2024, the protocol had also been hit by a flash loan attack, resulting in a loss of roughly 1,900 ETH (approximately $4.5 million). After 18 months of recovery efforts, Radiant Capital stated that it has neither recovered a significant portion of the stolen funds nor secured new financing, declaring that “the DAO has no viable path forward.” The protocol will now enter a “maintenance mode”: its frontend and smart contracts remain accessible, allowing users to withdraw funds, repay loans, and manage positions. Any funds recovered in the future will be returned to affected users.
Aave has published a post-mortem of the April 18 rsETH incident, stating that the rsETH LayerZero V2 cross-chain bridge of liquid staking protocol Kelp accepted a forged message during a cross-chain transfer from Unichain to Ethereum. This caused the adapter on the Ethereum side to release 116,500 rsETH without a corresponding burn on the Unichain side. Aave stated that the attack occurred on a third-party cross-chain bridge infrastructure. However, the attacker deposited the stolen rsETH into 8 Aave V3 positions, borrowing 82,650 WETH and 821 wstETH, which impacted the Aave market.Aave stated that the attacker's rsETH on Arbitrum has now been burned. The LayerZero OFT adapter has replenished 116,131.72 rsETH in 5 batches, and the asset backing for rsETH has been fully restored. The affected WETH and rsETH markets have returned to normal.
Cash App, the payment application from Block, now allows users to send and receive Circle-issued USDC stablecoins on Ethereum, Solana, Polygon, and Arbitrum. These transfers are currently fee-free. USDC stablecoins received via Cash App are automatically converted into U.S. dollar balances. This feature is not yet available to customers in New York State. Users must complete identity verification and are subject to transaction limits. Block has previously focused primarily on Bitcoin, including the development of mining hardware and the self-custody wallet BitKey. Earlier this year, Jack Dorsey described stablecoins as “moving from one gatekeeper to another,” while acknowledging the growing customer demand.
Block's Cash App is gradually rolling out stablecoin payment functionality to its nearly 60 million users. According to sources familiar with the matter, the feature currently covers approximately 25% of users and is expected to reach full 100% availability within this week.The core functionality supports users in depositing and withdrawing via USDC, allowing free transfers of funds between external wallets and Cash App balances, and using stablecoins as a settlement tool for payments rather than as investment products. It currently supports transactions across four blockchain networks, including Solana, Ethereum, Polygon, and Arbitrum. Due to the irreversible nature of on-chain transactions, incorrect addresses or unsupported network transfers may result in permanent loss of funds.Block CEO Jack Dorsey previously stated that despite his longstanding preference for Bitcoin, user demand for stablecoins has prompted the company to adjust its strategy. (CoinDesk)
according to an official announcement, Binance Wallet has launched a new DeFi experience, integrating three core functions: DeFi Earn, DeFi Lending, and Liquidity Pools. It supports over 40 protocols and more than 1,000 pools across BNBChain, Ethereum, Base, and Arbitrum. Users can view their staking, liquidity pool, and lending positions on a single interface, and directly perform operations such as adding/removing liquidity, claiming fees, and lending via protocols like Venus. To celebrate the launch, Binance Wallet will kick off the DeFiSeason campaign with a total prize pool of $2 million starting May 28, 2026, covering three major themes: Staking, Lending, and Liquidity Pools.
StakeDAO deployer's private key leaked on Arbitrum, attacker mints approximately 5.45 trillion vsdCRV and exchanges for ETH.
according to official news, Gate Alpha officially launched the stock token trading competition on May 26th at 14:00 (UTC+8). Users can participate by trading designated hot coins to share in the total $50,000 airdrop reward. This event features a dual reward mechanism with a 100% winning rate. For users who did not register via an invitation code, every 200 USDT traded grants 1 chance to draw a regular blind box, with a total prize pool of approximately $20,000. Each single draw guarantees a minimum of 0.16 GT and a maximum of 7.14 GT. For users who registered via an invitation code, every 500 USDT traded grants 1 chance to draw a premium blind box, with a total prize pool of approximately $30,000. Each single draw guarantees a minimum of 0.36 GT and a maximum of 14.29 GT. Each user has a limit of up to 20 draw chances per day, and a total limit of 80 draws throughout the entire event. All rewards are distributed in real-time, first come, first served.Gate Alpha now supports popular public chains such as SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain. Through the contract address search function, users can achieve seamless trading of tokens across all chains, bridging cross-chain trading pathways and enabling one-click access to on-chain tokens.
B.AI, a cutting-edge financial infrastructure platform for the AI era, has officially launched deposit functionality for $HTX and $WBTC. Following this upgrade, users can now perform seamless operations via TRON, Ethereum (supporting WBTC and HTX), and BNB Chain (supporting HTX). B.AI’s ecosystem now fully covers eight major public blockchains—TRON, BNB Chain, Ethereum, Base, Arbitrum, Optimism, Polygon, and Solana—and supports up to 15 core crypto assets. B.AI remains committed to breaking down cross-chain asset barriers, enabling users—regardless of their preferred network or asset—to enjoy lightning-fast, secure, and frictionless account and payment experiences.
According to CoinDesk, decentralized exchange Ostium has announced it is the first on-chain trading platform to offer perpetual contracts on individual U.S. equities powered by Nasdaq data, enabling users to gain exposure to U.S. stocks via blockchain infrastructure. Built on Arbitrum, Ostium focuses on perpetual futures pegged to real-world assets, supporting trading in equities, stock indices, foreign exchange, and commodities. Official data shows that since its launch in 2024, the platform has recorded over $50 billion in cumulative trading volume and attracted more than 26,000 traders. This partnership reflects the growing adoption of equity perpetual contracts in on-chain markets and highlights Nasdaq’s accelerated efforts to build tokenized stock trading infrastructure.
DeFi lending protocol Alchemix has completed an update to its cross-chain infrastructure, with its old alUSD/alETH cross-chain bridges on Optimism and Arbitrum officially taken offline and replaced with a new cross-chain bridge compatible with v3 Alchemist. Alchemix disclosed that the DVN (Cross-Chain Transaction Verification) configuration has been updated synchronously, maintaining a 2/3 multi-signature confirmation mechanism for cross-chain transactions. Additionally, it has introduced Deutsche Telekom as a verification service provider to enhance the reliability of the cross-chain verification infrastructure.
B.AI has officially integrated into the Solana ecosystem, comprehensively upgrading its cross-chain login and payment capabilities. Users can now log in with one click via MetaMask and Phantom wallets and top up or subscribe using SOL, USDT, USDC, or WBTC on the Solana network. B.AI now supports eight major public blockchains—TRON, BNB Chain, Ethereum, Base, Arbitrum, Optimism, Polygon, and Solana—building a more open and decentralized multi-chain AI economy. New users enjoy an exclusive limited-time welcome offer: 500,000 points upon first login, a 1:1 bonus on top-ups, and up to an additional $100 worth of points per user. Going forward, B.AI will lower entry barriers and expand asset options to help you seamlessly enter the new era of intelligent economics.
Stani Kulechov, founder of Aave, stated that the next phase of the rsETH technical recovery plan has been completed, and Aave has restored the WETH loan-to-value (LTV) ratio on affected networks to pre-incident levels. Users can now once again use WETH for borrowing, collateralization, debt swapping, and other operations on Aave. According to Aave’s announcement, this restoration applies to the following Aave V3 deployments: Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea.
Aave updated its statement regarding the Arbitrum DAO proposal, noting that the court modified the restraining notice on May 8 to permit Arbitrum DAO to conduct on-chain voting and to transfer the ETH frozen due to the rsETH incident to Aave LLC; upon transfer, the restraining notice will attach to Aave LLC. The revised constitutional AIP retains Arbitrum DAO’s previously approved intent to recover funds, and the relevant ETH will still be used for rsETH recovery. Aave also stated that the plaintiff judgment creditor had served the restraining notice on Arbitrum DAO on May 1 in an unrelated case, after which Aave LLC filed an emergency motion to vacate.
Renegade announced that one of its legacy V1 deployments on Arbitrum was exploited this morning, involving approximately $209,000. As of now, white-hat hackers have returned around $190,000, and all affected users will receive full compensation. Renegade confirmed that the issue is isolated to the V1 Arbitrum deployment; all other deployments—including V1 Base, V2 Arbitrum, and V2 Base—remain unaffected. The team stated that infrastructure supporting V1 Arbitrum transactions has been paused, and integrators need not take any action, as there is no further risk to funds.
According to The Block, the Arbitrum DAO voted to release 30,765.6 ETH (approximately $70 million), previously frozen, to support the DeFi United initiative—aimed at offsetting Kelp DAO’s $292 million exploit loss last month. The vote passed with 90.96% support (182.2 million votes). The attack was allegedly carried out by the North Korean Lazarus hacking group, which exploited a vulnerability in LayerZero’s OFT cross-chain bridge—a single-validator configuration—which allowed attackers to steal 116,500 rsETH and pledge most of the stolen assets as collateral on Aave, resulting in roughly $190 million in bad debt. DeFi United has secured contributions from multiple parties, including 30,000 ETH from Consensys and Joseph Lubin, a 30,000-ETH loan from Mantle, and 5,000 ETH from LayerZero.
According to Cointelegraph, U.S. law firm Gerstein Harrow LLP has filed an application with the U.S. District Court for the Southern District of New York seeking a temporary restraining order and three writs of execution to prevent the Arbitrum DAO from transferring 30,766 ETH (valued at approximately $73 million) frozen following the Kelp vulnerability. The firm argues that its clients obtained default judgments against North Korea in U.S. courts in 2010, 2015, and 2016, entitling them to roughly $877 million in compensation—and contends that the stolen ETH constitutes North Korean-linked assets that should be used to satisfy those judgments. Kelp DAO suffered a $292 million hack on April 18; the attacker was identified as TraderTraitor, a subgroup of the North Korean state-sponsored hacking group Lazarus Group. Aave Labs previously proposed unfreezing the seized funds and transferring them into the “DeFi United” fund to compensate rsETH holders—but this legal action by Gerstein Harrow may significantly delay compensation for victims. Members of the Arbitrum DAO community have criticized the move, arguing it shifts the burden of North Korea’s debts onto another set of victims, thereby exacerbating the original harm. Gerstein Harrow had previously pursued litigation related to the 2023 Heco Bridge hack involving Teth