# Top stories on Kiwi News, week 24 2024

Mon 10 to Sun 16 June 2024
Page: https://news.kiwistand.com/weekly/2024-W24

The 20 top stories on Kiwi News from Mon 10 to Sun 16 June 2024, ranked by upvotes, comments and clicks, with 24 comments in total. Most-shared sources: dune.com, blog.zknation.io.

Summaries are AI summaries of the linked article.

## 1. Introducing the ZK Token

- Kiwi News: https://news.kiwistand.com/stories/Introducing-the-ZK-Token?index=0x66680c75aabc96b8ddd143f51333d314a77753f616a8ba911dbb6f27d57c34a08737a3d1
- Source: https://blog.zknation.io/zk-token
- Submitted by tim, 10 upvotes, 2 comments

ZKsync announced its ZK token, a protocol token that lets holders propose and vote on protocol upgrades and pay network fees using ZKsync's native account abstraction. About 67% of the supply goes to the community, including a one-time airdrop of 17.5% to 695,232 wallets, which the article says is the largest distribution to users among major rollups. Usage-based airdrop allocations are capped at 100,000 ZK per address, and contributors receive 11% of the airdrop. Investors and the Matter Labs team receive the remaining supply, locked for the first year and then unlocking over three years between June 2025 and June 2028.

## 2. Endorse.fun

- Kiwi News: https://news.kiwistand.com/stories/Endorsefun?index=0x666c31bd4cf1c8761ad599c743f8305ab44f882c2711ca2c804d03b4746e7b3c5e527831
- Source: https://endorse.fun
- Submitted by macbudkowski.eth, 9 upvotes, 3 comments

## 3. Making the digital euro truly private

- Kiwi News: https://news.kiwistand.com/stories/Making-the-digital-euro-truly-private?index=0x666bf8d30a8f638edf9e1c92f43220e732ec6fff679e53bd51c012a2ccd27b68c7f98c53
- Source: https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog240613~47c255bdd4.en.html
- Submitted by zinkk.eth, 5 upvotes, 8 comments

The ECB Blog post by Maarten G.A. Daman argues that the digital euro is being designed to be the most private electronic payment option, though not quite as private as cash. The offline digital euro would let two people pay each other on their phones with transaction details visible only to them, and the Eurosystem would hold only very limited data, with user identities pseudonymised by banks. The post says a planned independent group of data protection officers would assess the safeguards, and that the project is public, so payment data could not be sold or used for marketing.

## 4. We rewarded Kiwi contributors in the 4th RPGF round

- Kiwi News: https://news.kiwistand.com/stories/We-rewarded-Kiwi-contributors-in-the-4th-RPGF-round?index=0x666b190e5e23566983733339d82dcdec7f7cb7b4f1a291a130359c2953c9aad82382ff25
- Source: https://paragraph.xyz/@kiwi-updates/kiwi-rpgf4
- Submitted by macbudkowski.eth, 20 upvotes, 2 comments

Kiwi, a bootstrapped link aggregator, rewarded four community contributors in the fourth round of its retroactive public goods funding, distributing 0.34 ETH in this round on top of earlier rewards of 1.7 ETH and 2831 OP. Misha (mishaderidder.eth) received 0.1 ETH for being the most active user, with a karma score 8x that of the fourth-place user. Lea (leafilipo.eth) received 0.1 ETH for branding work, Rainer (rvolz.eth) received 0.08 ETH for maintaining the Dune dashboard, and Noctis (noctisatrae.eth) received 0.06 ETH for six commits to the main repository.

## 5. The Secret World of Telegram Bots

- Kiwi News: https://news.kiwistand.com/stories/The-Secret-World-of-Telegram-Bots?index=0x66685944d56ce5b95e06c79666a1c8165c422147f7c8719798d1e412e2992d1f36f56596
- Source: https://research.auditless.com/p/al-62-the-secret-world-of-telegram
- Submitted by auditless.eth, 7 upvotes, 0 comments

Telegram bots have become a substantial niche in crypto, serving memecoin traders with features that justify fees far above those of typical trading front-ends. The article says the bots collectively earned as much as $3M in daily trading fees in June, and that it is common for most of them to charge 1% per trade. It cites Trojan, described as a top 5 Telegram bot by volume, which offers limit orders, dollar cost averaging, copy trading, and per-trade position logs. The author notes that these bots lack strong network effects beyond their user bases, which the article says number over 100k for some.

## 6. Warpcast Power Badge Annalyze

- Kiwi News: https://news.kiwistand.com/stories/Warpcast-Power-Badge-Annalyze?index=0x666819a9df8bcd758902afa73242e45852c3f33fbfd39a8397dd855fca530fc07290b8bc
- Source: https://dune.com/saxophones/warpcast-power-badge
- Submitted by @garesbil9, 5 upvotes, 1 comment

## 7. Trust-based Moderation Systems

- Kiwi News: https://news.kiwistand.com/stories/Trust-based-Moderation-Systems?index=0x666ea0427e34d9b9989ee8d1245c3e7f2735a5d7d7e4d6c7b9d4c03a9a6b4a80f7982194
- Source: https://cblgh.org/trustnet
- Submitted by @garesbil9, 6 upvotes, 0 comments

This article proposes TrustNet, a trust-based moderation system for distributed chat in which participants choose whom they trust to moderate on their behalf, and that trust can be revoked if it proves misplaced. Trust is assigned on a 0.0 to 1.0 scale within a trust area, and the network is traversed transitively to a path length of 3 to 6 steps. TrustNet ranks peers using Appleseed, a metric proposed in the mid-2000s by Cai-Nicolas Ziegler and Georg Lausen of the University of Freiburg, then clusters the ranking with k-means into three groups and keeps the top two. Directly trusted peers are always included, and a threshold strategy returns an empty list if the source has no medium or high trust assignments.

## 8. Farcaster caught falling after huge spike in daily activity

- Kiwi News: https://news.kiwistand.com/stories/Farcaster-caught-falling-after-huge-spike-in-daily-activity?index=0x6667780564acc9f7ea0c6e8fb0548be0aaf1f9ae25b4036fbca37765541ddab150f8803c
- Source: https://www.theblock.co/post/299376/farcaster-caught-falling-after-huge-spike-in-daily-activity
- Submitted by misha, 4 upvotes, 0 comments

## 9. Explanation of permit2

- Kiwi News: https://news.kiwistand.com/stories/Explanation-of-permit2?index=0x66695f52debef67bce5654324921fec9c079c7fee011fdae0ddc25f6dabbea970c7ffbf9
- Source: https://github.com/dragonfly-xyz/useful-solidity-patterns/tree/main/patterns/permit2
- Submitted by tim, 5 upvotes, 1 comment

Permit2 is a canonical Uniswap contract that lets protocols move ERC20 tokens with the signature-based UX and expiring allowances of EIP-2612, even for existing tokens that do not support permit. Users make one infinite approve() to the Permit2 contract, then sign an off-chain permit2 message that names the spender, token, amount, nonce and deadline. The protocol then calls permitTransferFrom() on Permit2, which validates the signature and performs the transferFrom() on the token, so the same approval can be reused by other integrating protocols. The guide's example is a multi-user vault that uses this flow for single and batch deposits.

## 10. Emotional investing and how to avoid it

- Kiwi News: https://news.kiwistand.com/stories/Emotional-investing-and-how-to-avoid-it?index=0x666ba3dd7baf8f62dec86b1a85e09492d4e0ae87cdfe39978c6a5dabddd82378f7e6aeb2
- Source: https://blog.teji.io/emotional-investing
- Submitted by teji.eth, 6 upvotes, 1 comment

## 11. Uniswap Labs acquires Crypto: The Game – "24/7 crypto reality show"

- Kiwi News: https://news.kiwistand.com/stories/Uniswap-Labs-acquires-Crypto-The-Game-247-crypto-reality-show?index=0x6667ee52aae3b70cc4183da1fe02519053a317d8c514dce47a250a0124aa1d24d9743c2d
- Source: https://fortune.com/crypto/2024/06/10/uniswap-labs-acquires-crypto-the-game-its-ballooned-into-this-24-7-crypto-reality-show
- Submitted by zinkk.eth, 5 upvotes, 1 comment

Uniswap Labs has acquired Crypto: The Game (CTG), a survival-style game built on the Base blockchain, with the purchase price undisclosed and paid in a mix of cash, tokens and equity. Under the deal, founders Dylan Abruscato, Tyler Cagle and Bryan Lee will join Uniswap, and the companies are working on season three while exploring new interactive consumer crypto experiences. Season two sold out its 800 spots in 13 minutes, and Abruscato said the site had 50,000 unique visitors over a 10-day period last season. Uniswap Labs' chief operating officer Mary-Catherine Lader said the game gave the company a behind-the-scenes look at bringing new users into crypto.

## 12. Ethereum Devs Shut Down Linea—Can Layer-2 Networks Be Trusted?

- Kiwi News: https://news.kiwistand.com/stories/Ethereum-Devs-Shut-Down-LineaCan-Layer-2-Networks-Be-Trusted?index=0x666d5852dfd5c35a67d6e36ce57150650c44067147c178ec1e896060d584cc738472e123
- Source: https://decrypt.co/234040/ethereum-devs-shut-down-linea-layer-2-networks-trusted
- Submitted by misha, 3 upvotes, 1 comment

Linea, an Ethereum layer-2 network owned by Consensys, froze all network transactions after attackers drained $2.3 million in ETH from Velocore, a decentralized exchange on Linea, and the team could not reach Velocore. Critics argued that the freeze violated decentralization, with Tom Lehman saying the network's centralized control is a problem when every layer-2 is centrally controlled. Steven Goldfeder of Offchain Labs said Arbitrum's centralization risk is smaller than on other networks, while Joseph Schiarizzi said the Linea team made the right move.

## 13. Introducing ZK Nation

- Kiwi News: https://news.kiwistand.com/stories/Introducing-ZK-Nation?index=0x6666d185703986444fdf72bec77ad99535e58f274e1b5e27db7660a8e6577acd3d4ebf9e
- Source: https://blog.zknation.io/introducing-zk-nation
- Submitted by pedrovilela.eth, 4 upvotes, 0 comments

ZK Nation is introduced as a community to govern, defend, and grow the ZKsync protocol, with ZKsync's protocol token designed to let holders delegate, propose upgrades, deliberate, and vote through its onchain governance framework. The governance system has three onchain bodies: the Token Assembly, which token holders join directly or through delegates; Guardians, who can veto or approve emergency actions, with a minimum of five at inception; and a Security Council of 12 technical experts that can freeze the protocol in response to imminent or active security threats. The article states that since ZKsync Era launched on mainnet in March 2023, users have created more than 6 million wallet addresses and the protocol has validated more than 350 million transactions.

## 14. Decentralized social update: Everything is still on fire

- Kiwi News: https://news.kiwistand.com/stories/Decentralized-social-update-Everything-is-still-on-fire?index=0x6669bfe5affb8e1533c34f76c1fbf72e2854ace0fab7a3d084767dc51b91e51d0e79b5b2
- Source: https://makemake.site/post/blockchain-bad-2
- Submitted by macbudkowski.eth, 4 upvotes, 1 comment

The author argues that Farcaster, a blockchain-based social protocol, is not as decentralized as it claims and faces monetization and moderation problems that will likely lead to enshittification. Farcaster requires a registered Farcaster ID on chain tied to an Ethereum account, and storage is paid rent, with $7 said to store 5000 casts. The author notes that Warpcast, the main client run by Merkle Manufactory, which has raised $30 million in seed capital, took over the /interns channel, and that paying 130 Warps to post in a paid channel and $5 to use the platform add friction.

## 15. Memecoin financial scores

- Kiwi News: https://news.kiwistand.com/stories/Memecoin-financial-scores?index=0x6667267938b7f0c9aa0b4c73ae8a86073d253e681da74eca5d547aab3b66a5678ee3e983
- Source: https://dune.com/kodi2227/memecoin-financial-scores
- Submitted by macbudkowski.eth, 4 upvotes, 0 comments

## 16. Leaked Lies at Google

- Kiwi News: https://news.kiwistand.com/stories/Leaked-Lies-at-Google?index=0x6668f1dd1fb702570a0bd8078c6604062ceddb88e4fef9e218a2f8b9bd5aeaa3d7475a04
- Source: https://simplifiedprivacy.com/leaked-google-lies/index.html
- Submitted by simplifiedprivacy.eth, 3 upvotes, 0 comments

Google accidentally leaked its search API on GitHub, and the article claims the leaked data shows the company lied about several search practices. According to the article, Google lied that it tracks user clicks as a ranking factor and that it uses Chrome browser data for search, contradicting its sworn testimony to the Department of Justice in an antitrust case. The article also claims Google lied about a ranking "sandbox" for new sites and placed smaller personal sites in a lower-ranked category to favor larger brands. Google later removed the data, but it had already been published under an Apache open source license.

## 17. How we hacked companies in 30 minutes using a fake VSCode extension

- Kiwi News: https://news.kiwistand.com/stories/How-we-hacked-companies-in-30-minutes-using-a-fake-VSCode-extension?index=0x666bfa4d364cddda6216f9fc5113cb4a3d16acdd0366ba49fa6552741ed5c3beeb3020e1
- Source: https://medium.com/@amitassaraf/the-story-of-extensiontotal-how-we-hacked-the-vscode-marketplace-5c6e66a0e9d7
- Submitted by macbudkowski.eth, 5 upvotes, 0 comments

The authors report that in 30 minutes they built and published a fake Visual Studio Code extension, "Darcula Official," that imitated the popular Dracula theme and sent a copy of the source code of each opened document, plus host machine details, to a remote server they controlled. They say the extension reached trending status on the VSCode Marketplace, gained a verified publisher badge after verifying a domain (darculatheme.com), and got its first victim shortly after publishing. Within a day it had over 100 victims, and they say they confirmed installs inside tens of multi-billion dollar companies, including one with a $483 billion market cap. The authors say they began responsible disclosure with over 10 companies and released a free tool called ExtensionTotal.

## 18. zkSync Era: Overview

- Kiwi News: https://news.kiwistand.com/stories/zkSync-Era-Overview?index=0x6666e74d3d5644de1628c8ec1592a8b3252786804f21799845940788abc1618174436956
- Source: https://dune.com/matter_labs/zksync-era-overview
- Submitted by macbudkowski.eth, 4 upvotes, 2 comments

## 19. NFTs wash trading

- Kiwi News: https://news.kiwistand.com/stories/NFTs-wash-trading?index=0x66686772d2c467d0fc882e8eb34e96da543b65424ae71c78ee6273bfeaf65a6c4b59afc0
- Source: https://dune.com/hildobby/nfts-wash-trading
- Submitted by macbudkowski.eth, 4 upvotes, 0 comments

## 20. Introducing One-Click Auth: Fewer clicks, better connections

- Kiwi News: https://news.kiwistand.com/stories/Introducing-One-Click-Auth-Fewer-clicks-better-connections?index=0x6669bd135a21d2e41b48fbefb91a96832a836d0a25d680d1cdf9f8d9ec84ea9896599026
- Source: https://walletconnect.com/blog/walletkit-one-click-auth
- Submitted by pedrovilela.eth, 3 upvotes, 1 comment