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This article is translated from the PPT presented by Gavin Wood during his speech at Polkadot Decoded Asia in Singapore on September 16, 2024.

I didn't expect that anyone still remembers last year's essay, what were people talking about 2049 before it skyrocketed 10 times?

Circle and Sony Block Solutions Labs are partnering to make USDC the primary transaction token on the new Soneium blockchain. This collaboration aims to enhance digital transactions and create innovative opportunities in the Web3 space, with Soneium set to launch its mainnet in 2025.

Circle, the issuer of the world’s second-largest stablecoin, USDC, is making a strategic move by relocating its global headquarters to New York City.

Someone planned an assasination on Donald Trump a second time, coincidentally a few hours before the launch of Trump's DeFi platform, World Liberty Financial.

China's new regulations require digital platforms to clearly label all AI-generated content, including text, images, videos, and audio files. The rules mandate visible logos and metadata, voice prompts for audio, and user identification for AI-generated posts to enhance transparency and prevent misinformation.

Meta has resumed AI training in the U.K., using public content from Facebook and Instagram after resolving privacy concerns with regulators. The company assures users that private messages and data from those under 18 are excluded, though some still worry about privacy and AI's growing role.

There are many similarities between Sun Yat-sen’s revolution and Web3’s digital reforms.

As the 2024 Token2049 conference draws closer, the global blockchain and cryptocurrency community is once again focusing on Singapore.

According to Foresight News, OKLink's analysis of security incidents in February 2024 reveals that the total losses across the network amounted to approximately $103 million. Among these, phishing scams accounted for 11.76% of the losses, while REKT and RugPull events contributed to 7.33% and 5.34% of the losses, respectively. The remaining 75.57% of losses were attributed to other causes.

Outlier Ventures' accelerator program "Futureverse Base Camp Accelerator" announced the first seven selected companies. These companies were selected from 500 applications from around the world, including Intraverse, Lifelike Digital, MintPass, Nucanon, Plurality, REKT Interactive and Spark. It is reported that the accelerator program Covering business construction in product roadmap, community strategy, token design and economics, fundraising, etc. All selected projects aim to accelerate the development of the open Metaverse by building the Root Network, a decentralized blockchain optimized for the Metaverse. Selected teams will receive mentorship from industry leaders across multiple sectors including gaming, entertainment and artificial intelligence. (Nftgators)

According to CryptoPotato, Scam Sniffer reported that scammers stole $55 million worth of cryptocurrency in January and set up more than 11,000 phishing websites. Most of these thefts occurred on the Ethereum mainnet, with Arbitrum, BNB, Optimism, and Polygon closely behind. The surge in phishing attacks coincided with heightened activity within crypto communities following a series of airdrops in the previous month. These scams, often occurring alongside airdrops and other project activities, impacted around 40,000 individuals. Fraudsters created phishing websites in January, impersonating various projects such as Manta Network, Frame, SatoshiVM, AltLayer, Dymension, zkSync, Pyth, OpenSea, Optimism, Blast, and others. The top seven victims lost $17 million in total due to phishing signatures such as ERC20 Permit, Create2, increaseAllowance, and Swap. Hackers commonly exploited the ERC-20 Permit function, tricking users into unknowingly transferring funds from their non-custodial wallets under the guise of legitimate operations. Throughout 2023, scammers and hackers executed numerous cyberattacks and rug pulls, resulting in the theft of $1.9 billion worth of cryptocurrency. De.Fi’s REKT database documented at least 455 incidents in 2023, with the largest hack amounting to $231 million, attributed to Multichain. Cybersecurity experts and white hat hackers recovered approximately $200 million from the overall sum. Ethereum led in the frequency of hacks, contributing to over 70% of the stolen funds in five out of twelve months in 2023. The most detrimental vulnerability was Access Control, accounting for half of all stolen funds, whereby hackers’ or insiders’ unauthorized access to hot wallets led to significant losses, averaging $31 million per incident.

Ethereum has been identified as the blockchain most affected by cryptocurrency scams over the past year. The analysis, which leveraged data from the REKT database, highlighted the vulnerability of various blockchains to scams, with Ethereum experiencing significant losses. Despite efforts to recover stolen funds, Ethereum’s total adjusted losses have soared, amounting to £576.6 million, even... source: https://www.cryptopolitan.com/ethereum-blockchains-impacted-crypto-scams/

2023 was a critical year in the always changing world of cryptocurrency, as hackers pulled off heists worth about $2 billion. According to De.FI, a Web3 security company that manages the REKT database, this amount is still significant, but it represents a substantial drop from the record $3.8 billion reported the year before. Crypto Heists […] source: https://bitcoinist.com/crypto-2-b-pilfered-in-massive-heist-in-2023/

Amidst the ongoing speculation surrounding the surging prices of major cryptocurrencies and altcoins, Ran Nuener, a prominent venture capitalist, urges his large online audience to adopt a more measured approach. He suggests to view the situation as a marathon rather than a sprint. “The winners are those that win at the end. Those that run too fast at the start will get REKT!” Neuner... source: https://beincrypto.com/crypto-bull-run-marathon-ran-neuner/