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Polygon has announced the launch of the public testnet for zkEVM, a solution described by the company as the “next major advancement for the Ethereum ecosystem.” With the advancement of Zero-Knowledge (ZK) technology, Polygon aims to become the primary scaling solution for Ethereum, the largest blockchain ecosystem in the market
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On October 6, Polygon announced a partnership with the Ocean Conservation Education and Exploration Foundation (OCEEF) to boost user awareness. Users can now explore the RV Odyssey, one of the most advanced ocean research vessels globally, through innovative metaverse initiatives and new forms of entertainment. A new wave in ocean
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The Ethereum staking protocol Lido Finance has officially expanded to the prominent layer-2 solutions Arbitrum and Optimism. Lido Finance, the leading ETH 2.0 staking platform, has established cross-chain bridges to layer-2 solutions Arbitrum and Optimism. This move aims to eliminate barriers to entry and reduce staking costs for stETH,
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Through its partnership with NEAR Protocol, Google Cloud will provide support for developers building and scaling Web3 projects and dApps. Last night (October 5), NEAR Foundation announced a collaboration between Google Cloud and NEAR Protocol to provide infrastructure for NEAR's Web3 startup platform, Pagoda. The @NEARFoundation has partnered
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The total supply of the stablecoin USD Coin (USDC) has decreased from $55.55 billion to $46.57 billion over the past 90 days. According to DeFiLlama, USDC issuer Circle has burned approximately $9 billion of its stablecoin over the past three months. This represents the largest amount of destruction
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Renowned asset management firm GoldenTree has surprisingly announced its interest in developing the SushiSwap (SUSHI) ecosystem. GoldenTree, which manages nearly $50 billion in assets, announced on October 6 its interest in SushiSwap (SUSHI), a multi-chain decentralized exchange (DEX). In a post on the SushiSwap community forum, a representative from GoldenTree
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Binance, the cryptocurrency exchange, has completed its first week of burning Terra Classic (LUNC) fees, but the impact has been less significant than anticipated. As reported by Coin68, Binance recently reversed its earlier stance by committing to burn all Terra Classic (LUNC) transaction fees rather than keeping them. This move
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Telecom giant Deutsche Telekom, the parent company of T-Mobile, has announced its entry into Ethereum staking by launching a flexible staking service. On September 29, the German company confirmed that its T-Systems Multimedia Solutions (MMS) division is collaborating with Proof-of-Stake (PoS) application and DAO StakeWise to operate a staking pool.
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Despite recent improvements in its operational stability, Solana has once again experienced a network outage, and this time it occurred during a period of relatively low market activity and no significant congestion. At 7 AM on October 1, 2022, the Solana Status Twitter account announced an outage. The statement read:
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Judge Analisa Torres has dismissed the SEC's second attempt to retain documents related to former SEC Director William Hinman, who previously declared that Bitcoin and Ethereum were not securities. On September 29, Ripple Labs secured another legal victory against the U.S. Securities and Exchange Commission (SEC) when
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Circle is set to transform USDC into a cross-chain stablecoin, addressing liquidity fragmentation across blockchain platforms. Circle, the company behind the second-largest stablecoin USDC, has announced plans to extend its reach to five new blockchains. This expansion aims to bolster market share and increase liquidity for users. The new platforms
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At this week’s SmartCon event in New York, Chainlink, the leading oracle platform, announced a new initiative aimed at boosting its blockchain ecosystem, dubbed "SCALE." The SCALE program is designed to lower the barriers to entry and reduce costs associated with oracle services and configurations ahead of
