Manta Network, the layer-2 modular network for zero-knowledge applications, has established a $50 million ecosystem fund through its parent, Manta Foundation, to accelerate project development on its blockchain. “The $50 million allocation will last for one year starting from June 15th,” Manta wrote. “All applicants who successfully receive our grant or direct investment will fall under…

Galaxy Digital CEO Michael Novogratz has reiterated his support for memecoins, calling it a “cornerstone” of the cryptocurrency industry in a post on X. Not everyone agrees, though, with many still labeling them as just “silly casino chips.” “So people are making fortunes and there are two ways to make fortunes in memecoin investing,” Novogratz…

Blockchain tokenization platform Holograph’s native token fell as much as 79.4% after a malicious actor hacked the protocol’s operator contract and minted 1 billion HLG tokens worth $14.4 million. Holograph’s X account confirmed the hack on June 14. It revealed that it has since patched up the initial exploit and is working with cryptocurrency exchange partners to…