Probably Nothing 133: Arbitrum Hackathon & Broken Bones

This week, we got a DevNTell about modular execution layers and an Arbitrum hackathon.

Also, our DAO operator broke his collarbone while cruising the countryside—a rite of passage in the motorcycle community, so let's mark that as a win. Take care, Kemp. We need you!

Other wins? Ah yes!

Congratulations to our DevNTell host @narb_s on starting a new role as a Solution Architect with @Lilypad_Tech. 

Congratulations to @palomasupremacy on her podcast @Buildingonchain's 200th follower. We love celebrating little beginnings, so next up is 1000 followers. Give the podcast a follow.

Our editor @K4y1s placed second in the @Weavers_Org hackathon, aka Raid III, by building Ewigkeit (German for eternity), an @aoTheComputer-based service for deploying DApps to @ArweaveEco. Congratulations!!

In this week's episode of DevNTell, Avail co-founder Prabal Banerjee will talk about Avail. Avail is a Web3 infrastructure layer that allows modular execution layers to scale and interoperate in a trust-minimized way.

Viewers of this DevNTell will learn what Avail is and how its Unification Layer Enhances Scalability, Interoperability, and security.

Register here.

@Arbitrum CollabTech Hackathon is a 30-day online event where developers, designers & entrepreneurs unite to evolve B2B SaaS and the future of work with groundbreaking web3 projects. 

A prize pool of $10,000 is up for grabs, divided into first place—$5000, second place—$3000, and third place—$2000. Additional prizes and bounties will be available for standout projects!

Register here.

Last week, Vitor Py and Jaimin Patel demoed Caddi, an extension that injects a bridge on every website.

This episode taught viewers about Caddi, the challenges of implementing a good UX across multiple chains, and how to get started with Caddi today.

Watch the episode here.

• Support the DEVCON inclusion proposal, SEA Community Hub Proposal: Web3 Security Researchers Hub initiated by D_D member @akhilmanga.

• Kiwi Weekly Newsletter by D_D member @MacBudkowski | Kiwi.

• @Aayush is looking for a new role as a smart contract developer, technical writer, or DevRel. Check out his CV.

• We wish our Director of Operations, @kempsterrrr, a speedy recovery from surgery on his broken collarbone. Get well soon, Kemp!

• @buildingonchain: EP:04: Learn how to build for users and solve problems with @gayatri_gt hosted by @palomasupremacy.

H2 Proposal [Budget] - Grants Labs

Check out Gitcoin's budget proposal for the period July - December. 2024.

A Trump-Themed Token Soars, Then Dives 95% After His Son Dashes Hope the Former President Backed It

A Trump-themed cryptocurrency called Restore the Republic (RTR) skyrocketed to a $155 million market cap before plummeting 95% after Donald Trump's son clarified that it wasn't an official token. The incident highlights the volatility and risks in the memecoin market, where rumors and speculation often lead to significant financial losses.

Russia Legalizes Crypto Mining and Gives Central Bank Crypto-Specific Authority

Russia's State Duma, the lower chamber of the country’s parliament, approved two laws legalizing crypto mining and giving the central bank authority over cross-border cryptocurrency payments. Starting November 1, registered companies can mine crypto, while the Bank of Russia will oversee cross-border crypto transactions and monitor related activities for security risks.

Arbitrum Orbit Integrates USDC As a Custom Gas Token

Arbitrum's Orbit infrastructure now allows developers to use USDC as a custom gas token, enabling transactions with stablecoins and simplifying the user experience. This integration aligns with Arbitrum's efforts to expand Orbit chains, including moving beyond the Ethereum ecosystem and supporting new networks like the gaming-focused Xai and the DeFi-centric Reya Network.

Ronin Bridge Paused, Restarted After $12M Drained in Whitehat Hack

Ronin Bridge was temporarily paused after whitehat hackers drained $12 million in tokens. The platform has secured over $850 million and remains safe with ongoing discussions to return the funds. This incident follows a previous $625 million exploit in 2022, making it another significant event in the history of the Ronin Network.