ChainCatcher news, according to Snapshot, Arbitrum has initiated a proposal to launch the Infinite Launchpad, which will support project builders through a series of modules including community building, market research, entrepreneur residency programs, and venture capital, with a total requested funding of 10 million USD.Data shows that currently, the opposition accounts for 54%, support accounts for 28%, and abstentions account for 18%.

ChainCatcher news, according to VentureBeat, the AI-driven social sports platform Infinite Reality has acquired the Web3 gaming project Stakes for $8 million in stock. This all-stock deal values Infinite Reality at $3 billion and Stakes at $8 million.Infinite Reality CEO John Acunto stated that the acquisition of Stakes will help Infinite Reality implement its innovative digital experiences and immersive sports products, as well as integrate with blockchain and Web3.

ChainCatcher news, according to The Block, NFT financial protocol Insrt Finance developer Insrt Labs has completed a $2.2 million Pre-Seed funding round, led by Hashkey Capital and Infinite Capital, with participation from Sky9 Capital, Caballeros Capital, and Hamzah Khan, the DeFi head of Polygon.Lauris Zvirbulis, co-founder and CEO of Insrt Labs, stated that the funding was achieved through a Simple Agreement for Future Tokens (SAFT). Insrt Finance is currently built on Ethereum and plans to support other blockchains in the future. Insrt plans to launch omnichain ShardVaults in the next two months and hopes to collaborate with Polygon. The Insrt token is expected to launch in the third quarter of this year. (The Block)

ChainCatcher news, according to Bloomberg, anonymous sources revealed that the metaverse company Infinite Reality plans to go public through a merger with Newbury Street Acquisition Corp. via a SPAC. Currently, the negotiations between the two parties have entered the final stages, and an announcement could be made as early as next week. Representatives from Infinite Reality and Newbury have declined to comment on the matter.ChainCatcher previously reported that Infinite Reality acquired the esports and entertainment group ReKTGlobal in April this year for $470 million in an all-stock deal, at that time disclosing plans to merge with Universal Security Instruments for a public listing, but it seems that the situation may have changed. (Bloomberg)

ChainCatcher news, according to PeckShield analysis, the Ankr aBNBc token contract has an infinite minting vulnerability. Although the mint() function is protected by the onlyMinter modifier, there is another function (with the 0x3b3a5522 func.signature) that can completely bypass caller verification to achieve infinite minting.In addition, the Ankr attacker created a token called Fuck BNB and provided 15 ETH to establish a liquidity pool for it on Uniswap V2. (source link)

ChainCatcher news, hardware wallet startup Cypherock announced the completion of a $1 million funding round, with participation from Consensys Mesh, Infinite Capital, Gnosis, OrangeDAO, and angel investors including Stefan George (Gnosis), Sandeep Nailwal (Polygon), Mahin Gupta (Zebpay & Liminal), Prasanna Sankar (Rippling), and Furqan Rydhan (Thirdweb & F Inc).It is reported that Cypherock was founded in 2019 and is currently developing a mnemonic-free hardware wallet "X1", aiming to create the world's first MPC-based hardware wallet, hoping to enable users to achieve wallet sovereignty management and control cryptocurrency and personal data as securely as saving in a bank. (source link)

ChainCatcher message, PeckShield monitoring shows that the minting contract of Dataverse's BGEO token seems to have a fundamental flaw, allowing for unlimited minting.Earlier reports indicated that Dataverse tweeted that the GEO token contract was attacked, and advised against purchasing GEO on the BNB Chain. (source link)