Abid

Developer · Blockchain · AI ·
@ada_state · @_chaintask

[Coin Bureau @coinbureau]

🚨$15 MILLION DRAINED FROM INFAMOUS ETHEREUM MEV BOT JAREDFROMSUBWAY

Attackers baited the bot with fake wrapped tokens (fWETH, fUSDC, fUSDT) along with fake liquidity pools designed to look profitable.

This tricked the bot into granting approvals to attacker-controlled contracts, ultimately leading to the $15 MILLION drain.

[Abid @_armanabid]

Piece of Pie Hackathon
Week 8 of building ChainTask - a trustless on-chain job marketplace on Cardano.

Done this week:
- Contracts deployed to Cardano Preview testnet
- Admin NFT minted + GlobalConfig UTxO posted in one bootstrap tx
- First end-to-end on-chain flow live: self-attested profiles
- Frontend reads back its own writes from chain

Next week: finishing the remaining frontend work and deploying the app to a production server.

Bootstrap tx (admin NFT + GlobalConfig):
https://t.co/SHOEcMwxzz

First profile update from the UI:
https://t.co/ymsKUl5q7R

https://t.co/s9NWwLvra4
https://t.co/u6wD4GlJI5

@gimbalabs #gimbalabs #pieceofpie #hackathon

[Abid @_armanabid]

Piece of Pie Hackathon
Week 7 of building ChainTask - a trustless on-chain job marketplace on Cardano.

Done this week:
- Frontend - marketplace, role-aware job detail, profile screens (own + public), post-job form, all mobile-responsive
- TanStack Query caching the chain reads
- Lucid Evolution wired in . every Aiken datum and redeemer has a matching browser-side Data schema, byte-for-byte
- Real CBOR decoders
- Off-chain tx builders for the happy path: postJob, select, submit, release, updateProfile
- First on-chain flow wired profile updates

Next: deploy contracts to Preview and wire the remaining flows.

https://t.co/s9NWwLvra4
https://t.co/u6wD4GlJI5

@gimbalabs #gimbalabs #pieceofpie #hackathon

[ESCO 🪏 @ESCOweb3]

$440K USD from @builder__dao in 12 months in addition to their platform revenue and all that went PUFF into thin air.

My point isn't to highlight their "failure / inability to continue", My intent is to put into perspective that you never know what's actually going internally in any of these projects while granting them financial support.

That said, keep an eye out on the 50 Million ADA treasury withdrawal granted for ecosystem liquidity provision.
Providing liquidity to unsustainably operating companies, might as well be providing exit liquidity to their token holders & team...

The sad part is that the ecosystem is likely to bail them out or maybe Charles... which would be another example of sunk cost fallacy!

[Michael Saylor @saylor]

Still adding dots.

[Abid @_armanabid]

Piece of Pie Hackathon
Week 7 of building ChainTask - a trustless on-chain job marketplace on Cardano.

Done this week:
- Frontend - marketplace, role-aware job detail, profile screens (own + public), post-job form, all mobile-responsive
- TanStack Query caching the chain reads
- Lucid Evolution wired in . every Aiken datum and redeemer has a matching browser-side Data schema, byte-for-byte
- Real CBOR decoders
- Off-chain tx builders for the happy path: postJob, select, submit, release, updateProfile
- First on-chain flow wired profile updates

Next: deploy contracts to Preview and wire the remaining flows.

https://t.co/s9NWwLvra4
https://t.co/u6wD4GlJI5

@gimbalabs #gimbalabs #pieceofpie #hackathon

[Abid @_armanabid]

Piece of Pie Hackathon
Week 6 of building ChainTask - a trustless on-chain job marketplace on Cardano.

Done this week:
- New AmendSubmission redeemer so builders can revise their work without breaking on-chain provenance
- New profile validator for self-attested display names
- Submission CIDs now live on-chain (frozen after Submit, advancing on Amend)
- 97 unit tests passing across 3 validators, 0 errors

https://t.co/s9NWwLvra4
https://t.co/u6wD4GlJI5

@gimbalabs #gimbalabs #pieceofpie #hackathon

[Damion | TDSP @DamionDutch]

And that’s why we need to start spending more. When you zoom out it ain’t that bad. Let’s not be a ghost chain with a big treasury. Thx @ada_state for updating there chart. Is there any one that can create a treasury proposal to increase the NCL. And if there is a community contract where multiple people can send Ada to cover the 100k and get there Ada back after the voting I’ll send some Ada.

[RudisX @rudisxAI]

The arena is almost set. 🏛️

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: Elon Musk's SpaceX officially becomes 8th largest public Bitcoin holder with 18,712 BTC 🚀

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: $14 trillion BlackRock files 8-A form for its Bitcoin Premium Income ETF, which "typically means launch in one week", according to Bloomberg's Eric Balchunas 👀

[AdaState @ada_state]

AdaState is live.

A home for Cardano governance - follow proposals, see how every DRep votes and discuss any proposal on-chain before the window closes. Your delegation, your DRep and what they're voting on next, all in one place.

This is an early version - built for the community to test and shape. Your feedback will guide it.

https://t.co/piW0zeITex

[Cointelegraph @Cointelegraph]

🇯🇵 BULLISH: Japan plans to bring crypto under stock-style rules to support market growth.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇯🇵 Japan advances bill to reclassify cryptocurrencies as financial products and cut taxes from 55% to 20%.

[Cardano Foundation @Cardano_CF]

$ADA is now included in the new @Nasdaq and @CMEGroup crypto index futures, alongside Bitcoin, Ethereum, and other market leaders.

The Cardano ecosystem keeps maturing, and Wall Street is noticing.

[Coin Bureau @coinbureau]

🚨JAPAN JUST OFFICIALLY ACCEPTED CRYPTO AS A MAINSTREAM FINANCIAL ASSET

The world’s 4th largest economy will treat crypto like stocks, with taxes on assets like BTC and ETH to fall from 55% to 20% by 2028.

[Coinspect Security @coinspect]

🚨 Attackers are exploiting a flaw in wallet generation to drain addresses created as far back as 2018, even if completely dormant.
Unexplained missing funds? Treat your recovery phrase as compromised.
Move remaining assets to a new wallet and recovery phrase.
Check all chains!

[Coin Bureau @coinbureau]

🚨 JUST IN: ANTHROPIC LAUNCHES CLAUDE FABLE 5 & MYTHOS 5

Anthropic has released Claude Mythos 5 to trusted organizations and Claude Fable 5 to the public, a safety-restricted version of Mythos that the company says cannot be used for cyberattacks.

[Coin Bureau @coinbureau]

🚨 JUST IN: Anthropic is reportedly set to release the PUBLIC version of its Claude 5 AI model, Mythos, under the name “Claude Fable” on June 9.

Sources’ Alex Heath says the model will be far better at handling long, complex, multi-turn tasks.

However, it will come with heavier guardrails and weaker cyber capabilities than what Project Glasswing partners can access.

That partner-only release was reportedly limited to ~200 vetted organizations due to safety concerns.

Anthropic has yet to confirm the news.

[BSCN @BSCNews]

UN Launches Blockchain Advisory Group With Sui, Avalanche, Cardano

The United Nations Development Programme has launched a Blockchain Advisory Group featuring Ethereum, Cardano (@Cardano), Stellar (@StellarOrg), Sui (@SuiNetwork), Avalanche (@avax) and other industry leaders.

The initiative will explore blockchain's role in financial inclusion and digital public infrastructure.

The first discussions focused on payments, digital identity and interoperability challenges.

[Abid @_armanabid]

Piece of Pie Hackathon
Week 6 of building ChainTask - a trustless on-chain job marketplace on Cardano.

Done this week:
- New AmendSubmission redeemer so builders can revise their work without breaking on-chain provenance
- New profile validator for self-attested display names
- Submission CIDs now live on-chain (frozen after Submit, advancing on Amend)
- 97 unit tests passing across 3 validators, 0 errors

https://t.co/s9NWwLvra4
https://t.co/u6wD4GlJI5

@gimbalabs #gimbalabs #pieceofpie #hackathon

[Abid @_armanabid]

Piece of Pie Hackathon
Week 5 of building ChainTask - a trustless on-chain job marketplace on Cardano.

Done this week:
- Replaced the dummy frontend
- CIP-30 wallet connect
- onchain types mirror the Aiken datums 1:1
- Blockfrost client + Pinata IPFS wired up
- Landing page polished
- AppShell + read-only dashboard with role-aware nav (client / builder / arbitrator)

https://t.co/s9NWwLvra4
https://t.co/u6wD4GlJI5

@gimbalabs #gimbalabs #pieceofpie

[Cardano Foundation @Cardano_CF]

The Constitutional Committee decides whether Cardano's governance actions comply with the Constitution.

This year, cardano:native holders elect new committee members through their DReps.

If you have the expertise to serve, candidate registration closes 7 June.

https://t.co/qJIAHJiR3F