In a huge step forward, Uniswap Labs—the firm behind the decentralized cryptocurrency exchange Uniswap—has introduced ERC-7683 for cross-chain purposes. A new proposal was brought to light today, in partnership with the Across Protocol, with the purpose of establishing a unified framework for intents-based systems for defining cross-chain actions. By working
May 20, 2024 1 min read
A $2 billion settlement has been reached between the New York State Attorney General’s office and Genesis Global Holdco. Prolonged discussions stemming from allegations of misrepresenting Genesis-related financial activities led to this conclusion. Genesis is now in the bankruptcy process, therefore the deal must be accepted by a bankruptcy court.
May 20, 2024 2 mins read
The purpose of Decentralized Funding protocol Polimec’s introduction is to usher in a new phase of community-funded Polkadot initiatives. Teams may issue tokens and raise funds transparently using the protocol while still adhering to regulatory requirements. The infrastructure solution for web3 developers, Apillon, is the first project to be featured on Polimec. Investors now
May 20, 2024 2 mins read
The financial markets were elated by the announcement of the U.S. Consumer Price Index (CPI) statistics this week. It seemed like inflationary pressures could be receding. The report prompted a strong reaction from BlackRock’s Chief Investment Officer (CIO) of Global Fixed Income and Head of Global Asset Allocation, Rick Rieder.
May 18, 2024 2 mins read
Crypto exchange Kraken, has officially denied plans to delist Tether (USDT) in Europe. The news comes as concerns about the reliability and compliance with regulations of popular stablecoins like Tether (USDT) are growing in the cryptocurrency world. Investor mood and market dynamics are affected by Kraken’s position on the topic,
May 18, 2024 2 mins read
The decentralization process of the Ethereum Layer-2 network zkSync is now complete, and the release of the final protocol upgrade, v24, is imminent. This upgrade not only foreshadows the forthcoming token launch, but it also moves closer to delegating network management to the people. After endorsing EIP-4844 in March, zkSync
May 18, 2024 2 mins read
Ethereum co-founder Vitalik Buterin has spoken out about his plans to further decentralize and make the Ethereum network permissionless. While writing from an Ethereum developer interop in Kenya, Buterin discussed the continuous technical advances and community challenges, highlighting the need of improving user and node operator experiences. Several Advancements Discussed
May 17, 2024 1 min read
Velar, a leading Bitcoin DeFi inventor, has announced a partnership with Bitlayer to launch Velar Artha, the world’s first Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2. Expanding the potential of decentralized finance operating on Bitcoin rails, the creation of a PerpDex hosted on Bitcoin infrastructure will open up new trading
May 17, 2024 2 mins read
Subsquid, a Web3 data access layer, has announced that many tier-one cryptocurrency exchanges are about to list its SQD token. On May 17, 2024, the native Subsquid token will be concurrently listed on Gate.io, Bybit, KuCoin, CoinList, and MEXC Global. SQD trading markets are scheduled to begin at 8:00 UTC, with
May 16, 2024 1 min read
The Pyth Data Association has launched the Pyth Ecosystem Grants Program, making 50 million PYTH grants accessible to eligible community members. Through instructional and research projects, the program hopes to inspire community members to share their thoughts and understanding of the Pyth Network with the larger Web3 community and contribute to
May 16, 2024 6 mins read
