Author: Puskar Pande
Nym releases a VPN app that protects privacy in beta
The same-named mixnet’s privacy-preserving business, Nym Technologies, has announced a virtual private network, or VPN, that will help protect users’ identities online. The team noted in a news release that…
It appears that McDonald’s Instagram account was hacked to advertise the Solana token “Grimace”
It appears that a Solana memecoin has been promoted through the hacking of McDonald’s Instagram account. The McDonald’s account on the social media network seems to be promoting the Solana-based…
An annual high for Aptos user transactions was reached, prompting concerns about the viability of the rapidly increasing blockchain volumes
On August 15, there was a huge spike in activity on the Aptos blockchain, with 69 million transactions per day. Compared to the network’s usual daily average of about one…
In October, Starknet will introduce STRK Staking!
A major development in the ecosystem was announced by the Ethereum Layer 2 network Starknet: STRK holders would vote to allow STRK staking on the mainnet for the first time….
In its debut, Solana’s Polymarket Rival Drift Attracts More Than $3 Million in Liquidity
Following the debut of BET on Monday, the Solana-based decentralized exchange Drift Protocol, the growing interest in blockchain-based prediction platforms among cryptocurrency enthusiasts, surged. Abbreviated as BEA (Bearish on Everything),…
Brazil Approves Another Solana ETF
This week, the Brazilian securities authority authorized the second Solana exchange-traded fund (ETF), the second such action in August. Although the cryptocurrency-based investment vehicle is becoming more popular in Brazil,…
Volume of on-chain derivatives trades falls for the third consecutive week
Based on DefiLlama data, weekly trading volumes for on-chain derivatives have decreased for the third week in a row, possibly indicating a lack of risk appetite among traders. Macroeconomic uncertainties…
$150K Fine Imposed on Crypto Fund Ikigai for Mishandling Bitcoin Loans
According to a panel judgment on August 20, the US National Futures Association (NFA) fined cryptocurrency firm Ikigai Strategic Partners $150,000 for issuing a Bitcoin loan. The penalty is a…
As Justin Sun Eats Into Solana’s Dominance, Tron Meme Coin SUNDOG Soars 100X
The Tron blockchain has given rise to a meme coin called Sundog (SUNDOG), which has surprised the cryptocurrency industry. A few days ago, its market capitalization was $2 million; today,…
Babylon Introduces a Mainnet-Based Trustless Bitcoin Staking Protocol
Bitcoin Staking Protocol Launches by Babylon With the goal of improving PoS network security, Babylon’s mainnet launch incorporates a staking protocol that lets bitcoin (BTC) holders lock their holdings via…
Ethereum dapp Status and Linea work together on the Layer 2 network
A Layer 2 rollup solution is being introduced by Status, a decentralized messaging network powered by Ethereum, in collaboration with Linea, backed by Consensys. In order to fund its native…
Clearpool creates an Optimism ecosystem Layer 2 chain driven by Caldera
Clearpool, a marketplace for undercollateralized loans, is developing on Ozean, a Layer 2 blockchain that will be integrated into the Optimism ecosystem. Based on the OP Stack, Ozean will donate…
Galxe debuts its Layer 1 Gravity chain’s alpha mainnet
The alpha mainnet of the Layer 1 blockchain Gravity has been made available by the Web3 credentials and rewards platform Galxe. All of Galxe’s products, including Quest, Compass, Passport, and…
Developer incentives and a bounty scheme are announced by Sonic Labs
The Sonic Boom and Sonic Gems bounty program aims to support the first wave of applications on the Sonic platform, according to a press release. The project aims to target…
German crypto ATM heist results in $28 million being taken
German crypto and the summer have had a lot going on. After selling Bitcoin that had been seized, German officials came under fire for their unfavorable views of cryptocurrencies. August…
To address Ethereum’s MEV issue, Sorella Labs has raised $7.5 million in a seed round led by Paradigm
In a seed fundraising round, Sorella Labs, a cryptocurrency firm creating tools to address Ethereum’s maximal extractable value (MEV) problem, raised $7.5 million. According to Sorella Labs on Tuesday, Paradigm…
YieldNest, a restaking firm, creates a unique liquid token using EigenLayer
In an effort to capitalize on the expanding market for liquid staking derivatives, restaking firm YieldNest is introducing a new coin. The technology, known as ynLSDe, aims to provide extra…
To develop its ZK network, decentralized identification company zkME closed a $4 million seed investment
The team behind zkMe Technology Limited, a zero-knowledge technology firm based in Hong Kong, said in a statement on Tuesday that it has successfully completed a $4 million seed round…
Tron Wins Round One in Securities Suit As Judge Turns Down SEC’s Request
The US Securities and Exchange Commission (SEC) has filed a move to expedite its continuing securities fraud prosecution against Justin Sun, the founder of Tron Foundation, but a federal judge…
Micro3.io and Kroma Form Groundbreaking Collaboration in Web3 Evolution
Kroma, a positive rollup on the Superchain that makes use of zkEVM technology, has announced a fascinating new collaboration with Micro3.io. This partnership represents a significant advancement in the development…