Binance has unveiled its "Binance Inscriptions Marketplace," providing users with the ability to buy, sell, and mint inscription tokens.

This new marketplace, integrated into a self-custody crypto wallet within the Binance app, facilitates the trading and inscribing of BRC-20 tokens, EVM tokens, and other inscription tokens.

According to a Binance spokesperson, the platform not only supports inscription token trading but also allows users to mint BRC-20 and EVM tokens, thereby reducing transaction costs. The spokesperson highlighted the recent milestones in the inscription token space, such as ORDI, a BRC-20 token reaching a $1 billion market cap, and the existence of over 200 million inscriptions across various blockchains.

Binance's inscriptions marketplace leverages UniSat's API, an ordinals and inscriptions marketplace, to provide users access to UniSat's liquidity and offerings, including over 60,000 BRC-20 tokens.

This launch follows OKX's recent move to enable Doginals, Atomicals, Stamps, and Runes inscription standards, indicating the growing interest and adoption of inscription tokens in the crypto market.

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$MIM On End Of $6,4m Security Attack ⛔️

Abracadabra Finance reportedly faced a significant security breach, with security analysts estimating losses of over $6.4 million.

According to Blocksec and Peckshield, attackers exploited a smart contract flaw, resulting in a "precision loss" issue that bypassed insolvency checks.

The attack targeted Abracadabra Finance's lending and borrowing tools, allowing the attackers to borrow a substantial amount of Magic Internet Money (MIM) tokens with less collateral. Despite the breach, over $29 million in assets remained in the affected contract.

Following the incident, the MIM stablecoin briefly depegged to below $0.7 before recovering to $0.96. In response, the Abracadabra Finance team issued a statement acknowledging the exploit and stated that their engineering team is investigating the situation. They also announced plans for their DAO treasury to repurchase MIM from the market and burn them to mitigate the impact of the incident and stabilize MIM's value.

Magic Eden Announces Multichain Wallet 🪄

Magic Eden, an NFT marketplace, has unveiled a multi-chain wallet supporting Solana, Bitcoin, Polygon, and Ethereum blockchains, marking a significant advancement in cross-chain interoperability.

Developed in collaboration with Exodus, the self-custodial wallet ensures users have full control over their crypto assets. It offers a user-friendly experience with features like instant cross-chain swaps, NFT portfolio management, and the ability to trade NFTs directly from the wallet.

Recognizing the need for a unified solution to manage NFTs across major chains, Magic Eden aims to provide convenience to users. To incentivize early adoption, the platform is offering limited-time in-wallet mints of NFT projects such as Claynosaurz, Degenerate Ape Academy, and BoDoggos throughout February, along with airdrops and other perks.

Originally focused on the Solana NFT community, Magic Eden expanded to support Polygon NFTs in November 2022, followed by Bitcoin and Ethereum in March 2023. Despite being overtaken by Tensor as the top Solana NFT marketplace last year, Magic Eden remains a significant player in the NFT space. Additionally, it supports BRC-20 tokens, an experimental standard for fungible tokens on the Bitcoin blockchain.

Data Availability For L3s W/ Starknet & Celestia 🤝

Starknet partners with Celestia to enhance data availability for Layer 3 chains within the Starknet ecosystem.

The collaboration involves leveraging Celestia's "Blobstream," a component that serves as a data availability (DA) layer, securely storing large data off-chain while providing verifiable proofs of existence. By integrating Blobstream into Starknet's primary programming language, Cairo, developers aim to support the development of Layer 3 appchains, which are currently in the works.

Celestia, known for its innovative data availability techniques, introduced "data availability sampling," which enhances efficiency and throughput by allowing validators to sample a significant portion of data for verification.

Several Layer 2 projects, including Manta Pacific, Aevo, and ZKFair, have leveraged Celestia's data availability for developing Validiums, while platforms like Polygon and Arbitrum have integrated Celestia into their Layer 2 development kits.

This collaboration marks a strategic move for Starknet, as it explores new avenues for building Layer 3 chains within its ecosystem. While discussions were previously held with Avail, Starknet ultimately opted to partner with Celestia for its data availability needs.

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