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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…
Aztec Labs acquires ZKPassport, pledges to keep privacy protocol and iOS mobile app open-source
The Obsidion team, including co-founders Michael Elliot and Theo Madzou, will join Aztec Labs to continue developing …
SoFi rolls out SoFiUSD stablecoin to banking app users
SoFi rolls out bank-issued SoFiUSD stablecoin to 14.7 million members inside its app on Ethereum and Solana.
SoFi brings bank-issued stablecoin to 15 million users in crypto push
The fintech platform says its dollar-backed stablecoin will let members trade, transfer and eventually earn yield thr…
Ripple, North Island Ventures back $6 million round for cross-chain platform Squid
Squid is preparing to launch a new consumer product aimed at making it easier to access and manage crypto assets, Fig…
Ethereum Layer 2 Zero Network to wind down, joining string of protocols shuttering operations
Resources will be redirected to focus on growing Zerion's API and wallet service, the team said in a Thursday statement.
CLEAR token tanks 48% as Everclear winds down protocol, foundation and labs unit
Everclear achieved $500 million in monthly volume, but "never developed the commercial depth," the team said on Thurs…
Syndicate Labs to wind down operations after five years, citing rollup market slump
Syndicate Labs said that the $330,000 exploit last month is unrelated to the decision to wind down operations.
Chainlink CCIP gains over $2.5 billion in TVL from protocols migrating from LayerZero, with Kraken Bitcoin the latest to join
Kraken Bitcoin is at least the fourth product to deprecate its LayerZero cross-chain tech following the Kelp DAO attack.
From hack to OP Stack: Ronin to migrate from gaming sidechain to Ethereum Layer 2 four years after Lazarus attack
Ronin migrates from an Ethereum sidechain to an OP Stack Layer 2 on May 12, four years after Lazarus hackers stole ov…
SoFi’s crypto relaunch brought in $121.6 million in Q1. Almost all of it went to costs
The company launched the SoFiUSD stablecoin for enterprise payments in December and partnered with Mastercard for set…
Kelp DAO ditches LayerZero for Chainlink’s cross-chain infrastructure following $292 million exploit
Many onlookers blame LayerZero's default infrastructure setup because the cross-chain bridge that was attacked used a…
SoFi to launch its stablecoin on Solana, citing speed and cost
SoFiUSD is a fully reserved U.S. dollar stablecoin issued by SoFi Bank, a nationally chartered bank.
Wormhole bridges ‘canonical’ version of Bittensor’s TAO token to Solana
The activation is powered by Wormhole Labs’ Sunrise platform, which acts as a "day-one asset gateway" for bridging …
South Korea’s largest crypto exchange Upbit launches Ethereum blockchain with Optimism Foundation support
Upbit is the Optimism Foundation's first client on its "self-managed" enterprise tier, giving it control over its cor…
Coinbase-incubated Base network adopts Succinct’s zero-knowledge tech
Base, launched as an optimistic rollup, is hybridizing its tech stack with Succinct's SP1 zero-knowledge virtual mach…
Bitcoin scaling layer Citrea rolls out CTR token and dual treasury model
Only xCTR used for voting will earn additional liquidity emissions, while staked CTR that is inactive will only earn …
99.2% of omni-chain Tether-backed stablecoin holders have less than $1,000 USDT0
USDT0 is now the third-largest holder of Tether's USDT stablecoin, which it uses to back its multi-chain asset 1:1.
MegaETH hits first KPI with 10 apps live, starts seven-day MEGA token countdown
MegaETH tied 53.3% of its total token supply to performance-based KPIs rather than fixed time-based vesting schedules.
Input Output proposes scaled-back Cardano treasury plan ahead of Leios mainnet push
The Leios mainnet launch is at the center of the roadmap, but IO’s tracker shows the upgrade still mid-development.
SoFi adds XRP deposits but users criticize lack of external wallet transfers
According to SoFi's support page, the crypto platform does not permit XR transfers to outside wallets.
Circle rolls out USDC Bridge for native cross-chain stablecoin transfers
USDC Bridge is Circle’s official, native cross-chain bridging solution powered by its Cross-Chain Transfer Protocol.
StarkWare cuts staff, reorganizes into two units as it targets revenue
StarkWare is cutting staff and restructuring under two units as CEO Eli Ben-Sasson says the firm is "simply too big" …
SoFi announces 24/7 banking hub that blends traditional cash with crypto
The new service lets companies hold dollars, convert to stablecoins and move money instantly within a regulated bank.
SoFi launches ‘Big Business Banking’ combining fiat and crypto on a single regulated platform
SoFi has launched a new enterprise banking platform with 24/7 payment support, combining fiat and crypto services.
The Funding: Is a token-to-equity shift emerging in crypto?
Across Protocol’s recent temp check proposal raises a bigger question about the future of DAOs and tokens in crypto.
Paradigm-backed Across Protocol explores letting ACX holders exchange tokens for equity
Across Protocol posted a temp check proposal exploring a shift to a private company, where ACX tokenholders could exc…
Ethereum researchers demo ‘native rollups’ prototype that could simplify Layer 2 verification
The proof-of-concept demonstrates Layer 2 transactions settling through re-execution on Ethereum’s base layer.
A16z Crypto updates Jolt zkVM, challenges loose use of ‘ZK’ label
A16z added the NovaBlindFold folding scheme to the open-source Jolt zkVM, “rendering it suitable for privacy applic…
The Daily: Jack Dorsey’s Block cuts 40% of staff amid AI strategy, Barclays explores blockchain settlement, Senate Democrats urge Binance probe, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.