Immunefi, a platform safeguarding over $60 billion in Web3 assets, has released its Q1 2024 Crypto Losses report, revealing a $336 million loss to hacks and rug pulls this year. This marks a 23% decrease from the same period in 2023. DeFi was the main target, with hacks causing $321 million in losses, primarily on Ethereum and BNB Chain, while CeFi remained incident-free.

Tezos validators are set to vote on proposals for protocol upgrades aiming to reduce latency and finalize blocks in 10 seconds. The proposals, Paris A and B, differ in their approach to PoS fundamentals and token issuance adjustments, offering varying activation mechanisms for these features.

Edgeless Foundation has introduced the Edgeless Network, powered by Arbitrum Nitro, as a fee-less crypto ecosystem. By leveraging Arbitrum Nitro, Edgeless can customize its L2 infrastructure to maintain low gas fees, sharing sequencer fees with developers. Additionally, they utilize ezETH and a stablecoin to reward developers in their ecosystem.

Yolo Investments has invested $8 million in the TON Network ecosystem, supporting various TON-based startups and the growth of learncrypto.com. Stellar Development Foundation is launching the Soroban Security Audit Bank to distribute $1 million in security audit credits to projects building on Soroban, their smart contracts platform.

Helika is launching a $50 million accelerator program to support Web3 gaming studios, focusing on sustainable user and revenue growth. Zircuit has initiated a Build to Earn program to incentivize contributions to their ecosystem, offering rewards for approved contributions.

Layer N and Modulus have unveiled AI Functions, allowing developers to integrate AI inference into applications. Flock.io has raised $6 million for its Web3 training and AI fine-tuning platform. VeChain has introduced Marketplace-as-a-Service, starting with Gresini Racing, while Neopin has introduced the "build aggregated" feature for DeFi protocols.

BloXroute has launched the Validator

Gatewayto enhance Ethereum validators' performance, and The Graph Network now supports Bitcoin, enabling developers to access Bitcoin data through subgraphs and Substreams for innovative applications.