🏟️ Vitalik Says Bring on The Masses!

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Vitalik Buterin issued a call-to-action to Ethereum developers, urging them to begin building applications aspiring to support “millions” of users. Buterin said that the massive fee savings that Dencun unlocked on Layer 2 scaling networks, means mainstream dApps targeting non-financial use cases are now possible.

Tokenized U.S. Treasuries continue to gain momentum, with Ondo Finance announcing it will shift the majority of funds from its OUSD fund into BlackRock’s BUIDL fund. Anemoy, the Centrifuge-native asset manager offering exposure to tokenized treasuries, also announced its expansion onto Celo.

Plus, Prisma Finance suffered a $12 million exploit, memecoin DEGEN launched its own chain, and Sam Bankman-Fried, the disgraced founder of FTX and Alameda Research, was sentenced to 25 years in prison.

✍️ In today’s newsletter:

  • Vitalik says L2 can support millions of users
  • Ondo moves assets into BlackRock’s BUIDL fund
  • Centrifuge’s Anemoy expands onto Celo
  • Prisma hacked for $12M
  • DEGEN launches L3
  • SBF cops 25-year sentence


📈 Markets in the last 24 hrs:

Bitcoin$70,8171.99 %
Ethereum$3,569 1.81 %
Gold 1st Future$2,217 1.22 %
S&P 5005254.35 0.11 %
Arch Web33.00 1.14 %
Learn more about Arch Indices ,[object Object]%


Check out our interview with Alex Masmej, the founder of Drakula, a video content platform on Base leveraging the bubbling DEGEN memecoin as its currency. Also, watch our podcast with Tomer Weller, the VP of product at Stellar, exploring the network’s new Soroban smart contract system.




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Invest in the intersection of crypto and AI with the Arch Artificial Intelligence Token ($ACAI). Offering exposure to disruptive protocols in decentralized AI, $ACAI includes computing infrastructure, ML marketplaces, NLP chatbots, all in a single token.


Join Consensus, the world’s largest and most established global hub for all things crypto, blockchain and Web3, happening May 29-31 in Austin. Save 15% on registration with code DEFIANT.

👥 Vitalik Urges Ethereum Developers To Target ‘Millions’ Of Users Post-Dencun


Vitalik Buterin, Ethereum’s chief scientist and co-founder, urged developers to take advantage of the post-Dencun fee savings by building new applications aiming for mass adoption. With Layer 2 fees now sitting below six cents per transaction on many leading networks, Vitalik said L2s can now support non-financial applications supporting millions of active users.

💵 Ondo Finance To Deploy OUSG Assets In Blackrock’s BUIDL Fund

Ondo Finance is moving collateral assets underpinning its Ondo Short-Term US Government Bond Fund (OUSG) into BUIDL, the freshly launched tokenized treasury fund from BlackRock. Ondo is also launching instant settlement for OUSG subscriptions and redemptions.

🎻 Centrifuge’s Anemoy Attracts Investment From Celo As Tokenized Treasury Assets Bubble

Anemoy, a Centrifuge-native asset manager offering exposure to tokenized U.S. treasuries, has expanded onto the Celo network. The news comes as the capitalization of tokenized treasuries is at a record high above $1 billion.



DeFi Saver is switching from using DSProxies as smart wallets that hold users' positions in supported protocols, to using Safes, which are currently the most popular smart wallet and multi-sig wallet in the Ethereum ecosystem. With this change, users will enjoy the option to manage their positions created through DeFi Saver in most other frontends, such as the protocol default frontends through the Safe app. On top of this, the update reduces gas costs both during initial setup and with any later transactions and users can expect to see more interesting UX improvements rolled out in the future.

READ MORE: DeFi Saver integrates Safe to bring account abstraction to DeFi

🧕🏿 Prisma Finance Suffers $12 Million Exploit

Prisma Finance, a provider of liquid staking and restaking tokens, was hacked for 3,258 Ether worth almost $12 million. The price of its PRISMA token is down 25% since the incident transpired.

⛓️ DEGEN Launches Arbitrum Orbit-Based Layer 3 Chain

DEGEN, the project behind the surging memecoin, announced the launch of a Layer 3 network. The chain was built on the Arbitrum Orbit tech stack and leverages Base for settlement.

👮 Sam Bankman-Fried Was Sentenced to 25 Years in Prison

Sam Bankman-Fried, the disgraced felon behind FTX and Alameda Research received a 25-year sentence for his crimes, down from the 40 years requested by federal prosecutors. Bankman-Fried oversaw the misappropriation of $8 billion in customer assets and was convicted on seven counts.


  • US and UK Probe $20 Billion of Crypto Transfers to Russian Exchange (Bloomberg)
  • Bitcoin wallets drained as infostealer malware targets Call of Duty players (CryptoBriefing)
  • Craig Wright Assets Frozen by UK Judge to Prevent Him Evading Court Costs (CoinDesk)


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