The Protocol: DJT DOX! Martin \'Pharma Bro\' Shkreli said on Tuesday that he was behind the controversial DJT token

In this week's abbreviated issue of The Protocol, we're chronicling the apparent doxing of 'Pharma Bro' Martin Shkreli as the driver behind the recently-but-no-longer mooning $DJT token, plus the SEC's apparent retreat on probing the Ethereum developer Consensys.

CoinDesk staff is off for the federal holiday but we have compiled an abbreviated issue of The Protocol with the latest news headlines on blockchain tech, along with our top picks from the past week's Protocol Village column.

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DJT DOX! As covered by CoinDesk's Shaurya Malwa, Martin “Pharma Bro” Shkreli said on Tuesday that he was behind the controversial DJT token in an X space tuned in by thousands of people, days after denying any involvement.

GRAY HAT? Crypto exchange Kraken said Wednesday in a tweet thread and blog post that it has contacted law enforcement after "security researchers" allegedly exploited a bug to withdraw nearly $3 million from artificially inflated account balances, and then refused to return the sums in accordance with the company's Bug Bounty program.

IN THE CLEAR: Consensys disclosed receiving letters from the U.S. Securities and Exchange Commission (SEC) notifying that the regulator had ended its investigation into the technology incubator company and was not going to recommend an enforcement action against it.

TROUBLE WITH THE CURVE Representatives for DeFi lending giant Curve told CoinDesk over Telegram that the exploit of UwU Lend on Monday put in motion a series of events that led to Thursday’s multimillion liquidations on Curve.

JUST NOT IN THE U.S… Big crypto exchange Coinbase launched support for "pre-launch markets" on Coinbase International Exchange and Coinbase Advanced – for users in eligible jurisdictions of the U.S., UK and Canada.

Tether, the company behind the $110 billion stablecoin (USDT), debuted Monday a new token minting platform called Alloy on the Ethereum network that lets users create tokens collateralized by Tether's tokenized gold.

Protocol Village

Top picks of the past week from our Protocol Village column, highlighting key blockchain tech upgrades and news.

Mysten Labs, the primary developer behind the Sui blockchain, unveiled a developer preview of "Walrus," a new decentralized data-storage and data-availability (DA) platform. Screenshot from the Sui documentation for Walrus.

1. Mysten Labs, the primary developer behind the Sui blockchain, unveiled a developer preview of "Walrus," a new decentralized data-storage and data-availability (DA) platform. According the project documentation, Walrus provides two key benefits: cost-effective blob storage as well as high availability and robustness. "Data recovery is still possible even if two-thirds of the storage nodes crash or come under adversarial control. Further, availability may be certified efficiently without downloading the full blob," the documentation reads.

2. Ronin, a gaming-focused blockchain developed by Sky Mavis, creator of the Axie Infinity play-to-earn game, announced the upcoming launch of a new zkEVM, which is an Ethereum-compatible zero-knowledge rollup network. It will be built with a Sky Mavis-modified version of the open-sourced Polygon Chain Development Kit (CDK), according to a press release: "By building a dedicated ZK blockchain, the Ronin network will be able to serve infinitely more users, supporting the rapid growth of its thriving game studio partners and further enhancing the permissionless environment to onboard more gaming experiences. Additional plans include enshrining a Polygon ZK prover directly into Ronin to provide a turnkey solution for game studios to easily build their own zkEVM blockchains on Ronin without needing to establish their own security and consensus."

3. Polkadot's decentralized governance approved the Join-Accumulate Machine (JAM) protocol as the network's future architecture, according to the team: "JAM, a minimalist blockchain concept, will support secure rollup domain-specific chains and offer synchronous composability across services. To encourage development, Web3 Foundation launched the JAM Implementer’s Prize, a 10 million DOT fund (~$64.7M USD), for creating diverse JAM implementations. This initiative aims to enhance scalability and flexibility in blockchain applications, integrating elements from Polkadot and Ethereum for a versatile, secure environment." The JAM "gray paper" by Polkadot founder Gavin Wood is here.

4. Arcana Network, which is building a modular layer-1 blockchain aiming to help developers improve the Web3 user experience, announced the launch of its "Chain Abstraction protocol," according to the team: "The new protocol will help streamline the management of crypto assets across multiple blockchains, enabling users to effortlessly execute transactions on any chain by removing the complexities of bridging, promising a seamless and highly user-friendly multichain experience. The Chain Abstraction protocol will significantly impact blockchain technology's evolution and mainstream acceptance."

5. Minima, describing itself as the only blockchain lightweight enough to run entirely on mobile and device chips, says it's working with Influx Technology to integrate a data tracker into a McLaren GT4 – a capability that could improve racing performance as well as prevent cheating. According to a press release: "Data points on over 20 parameters including vehicle ignition timing, braking, oil pressure, engine temperature,

News source：https://www.kdj.com/cryptocurrencies-news/articles/protocol-djt-dox-martin-pharma-bro-shkreli-tuesday-controversial-djt-token.html

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