News Highlights

• Loaded Lions, Crypto.com's flagship NFT collection and Web3 entertainment brand, opened pre-registration for Mane City Mobile on iOS and Android. Previously a desktop-only title, the strategy game will now bring territory building, real-time PvP, and marketplace trading to mobile users in over 100 countries.
• Pudgy Penguins rolled out its Vibes Series 3 trading cards at Target stores across the U.S underscoring a growing trend of Web3 brands leveraging digital intellectual property (IP) to capture mainstream retail markets. Meanwhile, Pudgy Penguins is winding down its mobile game, Pudgy Party, less than ten months after launch.
• Yuga Labs completed a white-hat operation on June 8 to recover 68 blue-chip NFTs from an active exploit on Ethereum-based NFT liquidity platform Flooring Protocol. 
• • The exploit stemmed from a critical flaw in Flooring Protocol's smart contract, specifically in its packed storage and token-indexing logic. This allowed attackers to deposit a small amount of Wrapped Ether (WETH) to generate an near-infinite balance of fractionalized tokens (fpTokens), enabling them to drain liquidity pools and claim underlying NFTs through a state mismatch.
  • Yuga Labs’ GrailsOTC trading desk deployed capital and assets to front the rescue, effectively acting as a "white-hat aggressor" to secure the assets before malicious actors could fully exploit the protocol.
  • The recovered NFTs are currently held by Yuga Labs pending a verified fix from Flooring Protocol developers, after which they will be returned to their rightful owners.
• ENS DAO is facing internal conflict over a governance proposal to transfer control of its operational wallet, token holdings, and a $100 million liquid treasury to a five-seat ENS Foundation board. Prominent delegates escalated their opposition and labeled the initiative a "governance attack" after ENS Labs founder Nick Johnson self-delegated roughly 50% of the active voting supply to override community objections. While a Security Council veto is underway, the incident highlights a growing systemic implication: whether token-based DAOs can preserve genuine decentralized governance when founding teams accumulate dominant voting blocks.

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