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The Protocol
In this week's abbreviated issue of The Protocol, we're chronicling the apparent doxing of 'Pharma Bro' Martin Shkreli as the driver behind the recently-but-no-longer mooning $DJT token, plus the SEC's apparent retreat on probing the Ethereum developer Consensys.

Protocol Village: Arcana Announces 'Chain Abstraction Protocol' to Remove 'Complexities of Bridging'
The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 13-19.

Marathon's Layer-2 Chain, Anduro, Plugs In 'Portal to Bitcoin' for Atomic Swaps
The publicly-traded bitcoin miner Marathon began incubating Anduro in February as a "platform built on the Bitcoin network that allows for the creation of multiple sidechains."

Sonic, Gaming-Focused Layer-2 Chain on Solana, Raises $12M
The Sonic project's Series A round was led by Bitkraft and joined by investors including Galaxy Interactive and Big Brain Holdings.

Renzo Capitalizes on Restaking Frenzy to Raise $17M From Galaxy, Brevan Howard
Funds will be used towards expanding the project's restaking services, including adding support for ERC-20 tokens.

ZKsync Airdrop of 'ZK' Token Puts Initial Market Cap Near $800M
The layer-2 blockchain ZKsync, has kicked off its highly anticipated airdrop of its ZK token, with 45% of the tokens already claimed.

Drake on Brink of $1M Bitcoin Loss as NHL and NBA Bets Sour
A series of unfortunate sports losses have left Drake very close to losing $1 million worth of bitcoin bets.

Protocol Village: Aethir, for Sourcing GPUs, Launches Decentralized Cloud on Ethereum
The latest in blockchain tech upgrades, funding announcements and deals. For June 10 - June 12.

The Protocol: How Optimism Filled in Its Missing Tooth
In this week's newsletter, we delve into the Ethereum layer-2 network Optimism's delivery of "fault proofs," a piece of functionality that was glaringly missing even though it was at the heart of the project's security setup.
