📰Breaking: Velocore Suspected Hacked, $10M in User LPs Stolen:

DEX Velocore on zkSync and Linea is suspected to have been hacked, with $10 million in users’ LPs stolen. Linea temporarily stopped producing blocks but has since resumed. Hackers have transferred part of the stolen ETH to the Ethereum mainnet.

#veloprotocol #zkSyncDevelopment #zksynchack

zkPancakeSwap Opens Claim For 2.4M ZK Tokens As zkSync Denies Insider Minting 📣🚨

ancakeSwap, a major decentralized exchange, has unveiled plans to distribute over 2.4 million zkSync (ZK) tokens to its community. This significant airdrop comes at a sensitive time for the zkSync ecosystem, coinciding with recent allegations against Matter Labs, zkSync’s developer. The airdrop aims to reward PancakeSwap’s users and increase platform engagement, but its timing has drawn attention due to the ongoing controversy surrounding zkSync.

At the time of publication, the airdrop is available to veCAKE holders and past contributors. Eligible users can claim their ZK tokens by connecting their wallet to the PancakeSwap platform homepage and following the provided instructions. Any unclaimed tokens will be redirected to support future PancakeSwap ecosystem development and community initiatives.
Market Impact and ZK Token Performance
The ZK token has faced significant price pressure in recent weeks. Last month, it experienced a 5% drop following a $113 million token airdrop. Since its listing on major exchanges, numerous sell-offs have occurred, negatively impacting the token’s value.
As of the latest report, ZK is trading at $0.1495, with a 24-hour trading volume of $346,751,351. This represents a 7.43% price decline in the last 24 hours and a 7.55% decline over the past week. With a circulating supply of 3.7 billion ZK, the token’s market capitalization stands at $546.9 million.

The crypto community is now speculating on how PancakeSwap’s recent airdrop might affect ZK’s price, given its recent volatile performance and the ongoing controversy surrounding zkSync.

#zkSyncDevelopment #zkairdrop

Unlock the Future of Ethereum: Why $ZK is the Next Big Investment Opportunity!

What is $zkSync
$zk is a Layer 2 scaling solution for Ethereum that leverages Zero-Knowledge Proofs (zk-Rollups) to enhance transaction speed, security, and efficiency. The goal of $zk is to reduce costs and increase transaction speed without compromising on security.

Potential Uses
Decentralized Applications (dApps): $zk can be used to speed up and lower the costs of operations within dApps.Payments: Provides fast and low-cost payments across the Ethereum network.Decentralized Exchanges (DEXs): Improves user experience in DEXs by reducing execution times and transaction costs.

Partnerships and Support
Community Support: $zk is backed by a large community of developers and users.Funding: $zkSync has received funding from well-known investment firms in the cryptocurrency space.

Should You Invest in $zkSync?
Before deciding to invest in $zkSync or any other cryptocurrency, it's essential to conduct thorough research and understand the technology and associated risks. Consider the following:
Technical Developments: Keep up with the latest developments and updates in $zkSync technology.Partnerships and Adoption: Monitor new partnerships and the level of adoption by users and developers.Regulatory Environment: Pay attention to any regulatory changes that may impact cryptocurrencies and scaling technologies.

Conclusion
$zk is a promising technology aimed at improving the scalability, speed, and security of transactions on the $Ethereum network. With its unique features, $zk has the potential to be a significant player in the future of cryptocurrencies and decentralized applications. As with any cryptocurrency investment, thorough research and understanding of the risks are essential before investing.

$zk $ETH $BTC #zkSyncDevelopment #zkSync2024 #AirdropGuide #BinanceTournament #altcoins

🚀 The zkSync development team, creators of a zero-knowledge (zk)-based Ethereum (ETH) layer 2 network, has introduced the zkSync Era remix plugin. This tool aims to streamline and simplify the development process for developers, offering an intuitive experience. 🌐🛠️ #zkSyncDevelopment #EthereumLayer2 📢🪙

The zkSync Developers are investigating an issue with the zkSync Sepolia testnet, causing it to be unavailable for withdrawals. The investigation is ongoing and may affect the upcoming mainnet v24 release scheduled for next Monday. The team will provide updates on the progress, with the next update expected tomorrow.

#ZkSync #sepolia #zkSyncDevelopment #buythedip

Matter Labs, the team behind ZkSync, gave up on trying to trademark "ZK" after facing criticism from the crypto community.

The company had previously filed to trademark the term "zero-knowledge" (ZK) in nine countries, which sparked a dispute with Polyhedra Network over the use of ZK as a ticker symbol.

#ZkSync #zkSyncDevelopment #MatterLabs #ZK #StartInvestingInCrypto

zkSync Era's v24 upgrade was successfully deployed on mainnet, enhancing security and functionality with new features. The upgrade was rolled out smoothly on June 7, after a thorough audit to ensure bug-free features.

The zkSync Bridgehub also aims to facilitate integration with ZK Stack chains.

#ZkSync #zkSyncEra #TopCoinsJune2024 #zkSyncDevelopment

ZkSync is planning to hold a token generation event (TGE) this week, with a total token supply of 21 billion tokens. The token airdrop is expected to take place around June 13.

#zkSyncDevelopment #zkSyncAirdrop2024 #ZkSync #buythedip

ZKSync is distributing 17.5% of its ZK token supply through an airdrop, allowing token holders to participate in protocol upgrades and pay for network fees.

The ZK token enables governance-driven protocol upgrades, which will enable the introduction of new features such as staking and other functions.

#zkSyncDevelopment #ZkSync #zkSyncEra #TopCoinsJune2024 #Binance200M

ZkSync teases v24 upgrade, fueling airdrop rumors

Zksync said Friday in an X post that it would soon roll out its v24 upgrade, as it aims to further decentralize its protocol this summer. 

The announcement fueled rumors that an airdrop from the Layer 2 solution could come as early as June. 

#Airdrop #zkSyncDevelopment #BTC☀️