Author: Puskar Pande
To extend restaking outside Ethereum, Wormhole, EigenLayer, and NEAR-focused Nuffle Labs collaborate
Wormhole is collaborating with Nuffle Labs, creators of restaking protocols, to find a way to extend EigenLayer’s restaking capabilities outside of the Ethereum ecosystem. The action marks a significant advancement…
Coinbase addresses the complaint filed by BiT Global, which is tied to Justin Sun, regarding the delisting of wBTC
BiT Global, which is linked with Justin Sun, filed a lawsuit seeking an emergency injunction to retain wBTC, the first and largest tokenized bitcoin product, on the biggest cryptocurrency exchange…
On Solana, Pudgy Penguins introduces the PENGU token, with claims that are available for 88 days before being burnt
Pudgy Penguins, a well-known non-fungible token project, has introduced its PENGU coin. Eligible participants have 88 days to claim their tokens before they are burned and essentially taken out of…
Saga Collaborates with Uniswap to Launch Mainnet 2.0
Blockchain protocol at layer one Saga announced a new partnership with Uniswap, a significant decentralized exchange (DEX), and the launch of its Mainnet 2.0. According to a press statement shared…
The ‘Core’ mainnet is launched by Omni Network to integrate Ethereum’s disjointed rollup ecosystem
Scaling solution for Ethereum According to a statement, Omni Network launched its Omni Core mainnet on Tuesday. The Omni Orderflow Engine, which aims to integrate the disjointed Ethereum Layer 2…
To encourage the use of stablecoins in Europe, Tether invests in StablR
In an effort to promote the use of regulated digital assets in the European market, Tether has announced an investment in StablR, a stablecoin provider based in Europe. As regulatory…
Japan’s Animoca Brands supports Oasys, a blockchain gaming platform
On December 17, the gaming-focused blockchain said that Animoca Brands’ Japan division had invested directly in Oasys and will be joining as a new validator. Oasys will increase its footprint…
The Monad Foundation was established to encourage the use of Layer 1, which is compatible with Ethereum
The establishment of the Monad Foundation, a separate entity dedicated to advancing and developing the Monad blockchain, was announced by Monad Labs on Monday. As Monad approaches a possible mainnet…
Since the token introduction, Hyperliquid has had net inflows of nearly $1 billion USDC
According to blockchain analytics company Spot On Chain, since the introduction of its native token, Hype, Hyperliquid, the decentralized perpetual trading platform and Layer 1 blockchain, has seen over $1…
NFT CyberKongz reports that the SEC has sent it a Wells Notice
After been questioned over the years regarding gaming and smart contracts, NFT collection CyberKongz claims the U.S. Securities and Exchange Commission intends to file charges against it. CyberKongz reported on…
Launching Avalanche subnets is made simpler and less expensive with the anticipated Avalanche9000 upgrade
According to a statement, Avalanche, the Layer 1 blockchain that is application-friendly, released its much awaited Avalanche9000 update on Monday. Among the many new features included in the update are…
The much awaited USDtb stablecoin from Ethena, supported by BlackRock’s BUIDL token, launches
On Monday, the synthetic dollar blockchain project Ethena announced the creation of a new stablecoin. The token, known as USDtb, will be supported by BlackRock’s BUIDL fund, which is managed…
Ripple will introduce RLUSD today
December 17 is the launch date of Ripple’s eagerly awaited U.S. dollar-pegged stablecoin. Tomorrow, RLUSD will be accessible on international exchanges. U.S. dollar deposits, U.S. government bonds, and cash equivalents…
Riot Platforms increases its bitcoin holdings to 17,429 BTC through additional purchases
Riot Platforms has increased its holdings of bitcoin using the money raised from a recent sale of convertible senior notes. By using the extra money from Riot’s $594 million, 0.75%…
Funding Roundup: COSIMO Digital raises $25 million
The digital asset firm COSIMO Ventures rebranded itself as COSIMO digital earlier this week and announced a $12 million strategic financing round. Des Mac Intyre, a former Bridgewater executive, is…
Sun-connected Justin Coinbase is being sued by BiT Global for delisting wBTC and introducing a rival
The cryptocurrency exchange giant Coinbase, which last month chose to delist the asset and introduce a rival offering, is being sued by Justin Sun’s BiT Global, a company that recently…
MagicBlock’s “ephemeral rollup” technology is open source and supported by A16Z
MagicBlock, a Solana gaming infrastructure firm, has revealed Lightspeed that it is releasing its ephemeral validator, which generates transient Solana rollups that accelerate up transaction processing, open source. MagicBlock thought…
In 2024, Solana had the largest percentage of new developers: Electric Money
Understanding developer activity is important if developer mindshare is any measure of innovation. For this reason, when Electric Capital publishes its annual developer report, the industry takes notice. About 23,613…
The Polygon community considers the idea of using its bridge to generate yield by deploying more than $1 billion in stablecoin
A plan to produce a return from more than $1 billion held on the PoS Chain bridge, the canonical bridge that connects the network to Ethereum, is being discussed by…
Drake’s X account appears to have been compromised and was used to advertise Solana memecoin
On Saturday night, it appears that a Solana memecoin based on Canadian superstar Drake’s cartoon “alter ego” was promoted through his X account. A post by a since-deleted X account…