Linera Launches Babbage Testnet

May 24 — In response to a New York Times report alleging that “Trump has exempted Israel from any obligations under the Iran deal,” Iran’s Fars News Agency is pushing back, calling the claim entirely unfounded. According to the explicit terms of the finalized agreement, once it takes effect, the U.S. and its allies will commit to never attacking Iran or its partners. In return, Iran has pledged that it and its allies will not carry out preemptive military strikes against the U.S. or its allies. The media’s assertion that Israel has been exempted from any obligations toward Iran directly contradicts the clear language of the final agreement and is inaccurate.

May 24 — Renowned journalist Nick Sortor reports that the individual involved in the gun incident near the White House has been identified as 21-year-old Nasire Best. Authorities confirm Best had a history of multiple attempts to breach the White House, including an arrest in July 2025. Following that arrest, he was ordered to complete mandatory mental health treatment, publicly claimed to be Jesus Christ, and was subject to a pre-existing restraining order.

May 24: Bankr developer @0xDeployer announced plans to launch the Bankr Fund, which will allocate real capital to top-tier projects within the Bankr ecosystem. The fund’s first investment is expected to take place in the coming weeks. Recently, several high-quality AI projects in the Base ecosystem have released tokens via the Bankr platform. Projects such as LFI and GITLAWB have quickly gained market recognition, with each boasting a market capitalization exceeding $20 million.

On May 24, stablecoin issuer StablR suffered a sustained attack that caused its euro-pegged EURR and dollar-pegged USDR to lose their pegs. Blockchain security firm Blockaid reports the attacker allegedly seized control by compromising one private key for the minting multisig account, replacing other admins via the protocol’s 1-of-3 signature setup, then minted an extra 8.35 million USDR and 4.5 million EURR. The attacker subsequently swapped roughly $10.4 million worth of the ill-gotten tokens on a decentralized exchange (DEX) for approximately 1,115 ETH, pocketing an estimated $2.8 million in profit. In the wake of the breach, EURR slumped to around $0.88, while USDR fell to roughly $0.70. Blockaid clarified the incident wasn’t due to a smart contract vulnerability – instead, it resulted from failures in key management and governance processes.

May 24 — Evmos, a Cosmos ecosystem chain, successfully halted block production and validator operations around May 18 at block height 37318000 via the "Evmos Shutdown" proposal. Currently, the Evmos block explorer, official website, and other related services are inaccessible.

Early this morning Beijing time, heavy gunfire was reported near the White House in Washington, D.C. The White House was placed on lockdown shortly after the incident. At the time, President Trump was inside the White House. The gunman has since been confirmed dead.