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Not all Ethereum layer 2s are dying, but many general-purpose chains no longer have a reason to exist
In this week's edition of The Protocol Newsletter, we're looking at the state of the Ethereum layer-2 ecosystem.
Immunefi says DeFi is ‘getting safer’ as exploit losses fall 74% from 2022 peak amid AI-driven security arms race
DeFi exploit losses fell 74% from the 2022 peak to $680 million in 2025, according to Immunefi, amid structural secur…
Cosmos Labs acquires block explorer Mintscan, forms Korea subsidiary to expand ecosystem
Cosmos Labs has acquired Cosmos block explorer Mintscan and formed a new Korea-based subsidiary, Cosmos Labs Korea.
Goldman Sachs teams with Apex, Archax for tokenized real estate fund
The fund combines blockchain native issuance with established fund structures.
Walrus Memory Enables AI Agents to ‘Actually Learn About Us’: Mysten Labs Co-Founder
With its new portable memory layer, Walrus Memory lets AI agents carry context across apps, sessions and providers—…
Solayer rolls out Solana-native onchain perps trading platform Margin Trade mainnet
Margin Trade enables trading of crypto, commodities, and equities via a single margin account on Solana, tapping the …
Kraken parent Payward plans to offer tokenized IPO access as investors await blockbuster debuts
Payward aims to give retail investors access to IPO shares at the offering price through tokenized equities.
Kraken to offer tokenized US IPO access for global retail investors via xStocks
Expected in the coming weeks, customers of Kraken and select xStocks partners can register interest in U.S.-listed IP…
Apparent Zcash outage was a block explorer problem, infrastructure providers say
One expert said the issue was mainly with block explorers tracking the onchain activity.
Trezor says your crypto is safe after Ledger audit exposes a hardware flaw
The flaw affects only one of the wallet's multiple security layers and would require physical access, specialized equ…
Bitcoin’s compute power dwarfs top 100 supercomputers by 600k times, says Bittensor co-founder
Ala Shaabana explains how using Bitcoin network’s coordinate-and-reward playbook can bust open corporate monopolies…
Ethena taps Anchorage for secure offchain collateral in institutional lending push
Ethena began pivoting toward overcollateralized institutional lending in April as part of a major overhaul of USDe re…
Here's how one decentralized cloud provider says private citizens can make money from AI
Titan Network says its crowdsourced computing network has signed tech giants like Tencent and Alibaba as clients, sav…
Ethereum Signals Strength As Citigroup Eyes $5.5 Trillion Tokenized Asset Boom
Ethereum’s funding rate climbed to its highest level since August 23, 2025 on May 31, even as the token slipped bel…
Why a $150M Polymarket bet could pay the side that appeared to lose
A nearly $150 million prediction market has devolved into chaos after the platform Polymarket moved to deny payouts t…
Franklin Templeton brings BENJI tokenized fund to MoonPay
The partnership will serve as "the foundation for a broader strategic relationship between Franklin Templeton and Moo…
Backpack launches securities platform blending traditional and tokenized stock trading
Backpack Securities combines a U.S.-regulated brokerage for traditional equities ownership with a tokenization platform.
Following token-dumping scandal, Movement seeks new life as a Layer 1
Move Industries has partnered with several firms, including Circle, as it relaunches Movement as a Layer 1 and refocu…
Movement pivots to stablecoin payments as the layer-2 boom loses momentum
The team behind Movement said it plans to leverage licensed payment partners alongside blockchain settlement rails to…
Stellar CEO says Clarity Act would help, but tokenization isn't dependent on it
DTCC’s decision to connect its tokenized securities platform to Stellar marks a new phase of institutional adoption…
Symbiotic aims to make tokenized assets easier to cash out with new liquidity network
Liquid Lane aims to solve a key bottleneck that is holding back growth of tokenized funds and credit: long redemption…
Kelp DAO Hackers Launder Nearly All Recoverable Funds
Hackers linked to North Korean cyber group TraderTraitor have laundered nearly all of the roughly $220 million in un…
Tesla’s FSD Supervised completes coast-to-coast drives without human input
Tesla's FSD advancements could reshape the autonomous vehicle market, challenging competitors and prompting regulator…
Ethereum's Vitalik Buterin is rethinking how DeFi handles market crashes
In a research post published Monday, Buterin proposed creating index-tracking assets using options contracts rather t…
Vertiv introduces converged physical infrastructure digital twin for Nvidia’s Omniverse DSX platform
Vertiv's digital twin integration into Nvidia's platform could significantly accelerate AI infrastructure development…
Nvidia enters the personal computer market with a new AI chip, challenging Intel and AMD
Nvidia's entry into the PC market with a powerful AI chip could redefine local AI processing, challenging existing te…
Sui Blames Last Week's Trio of Network Outages on Gas and Validator Bugs
The Sui blockchain suffered three separate failures in 48 hours due to gas calculation bugs and validator synchroniza…
Nvidia enters personal computer market with new AI chip that can run 120 billion parameter models locally
Nvidia's entry into the PC market with a powerful AI chip could redefine local AI processing, challenging existing te…
Marvell launches 102.4 Tbps switch designed to power AI data centers
Marvell's new switch could accelerate AI data center efficiency, but faces stiff competition from Broadcom, impacting…
CoreWeave validates Nvidia Vera Rubin NVL72 for production use
CoreWeave's validation of Nvidia's AI rack enhances its market position, reduces deployment risks, and boosts investo…