
Paraphrased text:
In response to the escalating conflict over the weekend between Israel and Hamas, the web3 sector in Israel is establishing a crypto donations wallet to raise funds for displaced Israeli citizens and those in need of assistance. Crypto Aid Israel is introducing a multisig wallet that requires multiple signatures for transaction execution, and it is accepting various cryptocurrencies such as Bitcoin, Ether, Tether, and USDC. Fireblocks, a prominent web3 firm specializing in crypto custody and settlement, is providing the wallet interface and actively supporting on-ground efforts to provide essential resources like food and shelter. Several other Israeli companies, including Collider Ventures, Market Across, Bits of Gold, and the Israel Blockchain Association, are involved in managing the project and contributing donations. With the support of a leading Israeli bank and multiple government agencies, the distribution of donations is expected to be facilitated. As the conflict intensifies, with significant casualties and Israeli civilians facing hostage situations, the situation remains critical, necessitating urgent aid efforts.