Today, a freelance developer focused on Bitcoin and the Lightning Network, Super Testnet, unveiled his latest invention, Hedgehog, a protocol for asynchronous layer two bitcoin payments. “This is a protocol similar to the Lightning Network,” Super Testnet stated. “And that it is a layer 2 for Bitcoin payments, only in this one, unlike the Lightning…
Commerceblock has released a new atomic swap protocol for use with statechains on their Mercury Layer protocol. The HSM server has introduced functionality to support atomically swapping two statechains, as well as enforcing an atomic exchange of a statechain for a Lightning payment. This is the first example of concretely defined and built interactions between…
The creator of BRC-20 (Bitcoin Request for Comment 20), Domo, has announced his non-profit foundation is now dedicated to the governance of the BRC-20 protocol. This organization, known as the Layer 1 Foundation (L1F), will collaborate with Ordinals companies such as Unisat and Best In Slot to oversee the protocol’s maintenance, according to a press…
Thetanuts Finance, a prominent option vault protocol, started with Basic Vaults, focusing on selling European cash-settled options to accredited market makers. Thetanuts Finance, a decentralized on-chain option protocol renowned for its extensive coverage of altcoin options, unveils its v3 Incentivized Alpha. The upgraded version empowers users to take both long and short positions on on-chain…
The ACS token from Access Protocol, distributed in the recent airdrop, functions as a means of payment that holders can utilize to gain access to a wide variety of crypto-themed content. In a surprising turn of events, Saga phone owners are receiving an unexpected windfall, with crypto publishing platform Access Protocol distributing ACS tokens worth…
Blast’s growth in TVL is indicative of most institutional investors’ bullish stance for Ethereum and the DeFi market. In a breakthrough moment for Layer 2 (L2) scaling solution, Blast Network, a new record has been set, surpassing a Total Value Locked (TVL) of over $900 million. Data from DefiLlama, a leading authority in monitoring and…
Tap Protocol seeks to continue building new Bitcoin applications, ranging from fractionalization of Ordinals art and token functions for gaming applications. Trac Systems, a German-based company and the parent entity of Tap Protocol, recently announced the completion of a funding round where it pulled the sum of $4.2 million from investors. The funding round was…
Seamless Protocol, a prominent project within Coinbase’s Base ecosystem, has launched its governance tokens for trading on the crypto exchange under the ticker SEAM starting at 18:00 UTC on Monday, December 11. As a leading lending and borrowing protocol on the layer-2 blockchain, Seamless boasts a substantial total value locked (TVL) exceeding $10 million. SEAM,…
Mantle, Ethereum’s Layer 2 platform, launched Mantle LSP, a liquid staking protocol. It positions itself among top providers, competing fiercely for the third spot in liquid staking volume, challenging rivals Lido and Rocket Pool. This Monday, Ethereum’s Layer 2 platform Mantle announced the launch of Mantle LSP “a permissionless, non-custodial ETH liquid staking protocol”. This…
Boosted by the news of the fundraising, the platform’s native token POKT experienced a notable increase over the past 24 hours. In a significant move towards bolstering its decentralized finance (DeFi) operations, Grove, formerly known as Pocket Network Inc, has raised $7.9 million from prominent institutional investors, CoinDesk informed on Thursday. According to the report,…
The investment round was accompanied by the launch of Wormhole Labs, an independent technology company “emerging from stealth to become a core contributor to Wormhole.” Wormhole, a blockchain protocol designed to address the interoperability challenges of pioneer blockchain networks such as Bitcoin and Ethereum, has secured $225 million in funding, propelling the company’s total valuation…
The L2 protocol anticipates its Mainnet to go live on February 24 next year, enabling withdrawals, with users able to redeem their Blast Points starting May 24. Blast, an Ethereum layer 2 protocol with yield-bearing assets, announced the completion of its $20 million funding round led by Paradigm, a research-driven technology investment company with a…
Aside from the integration of ICP into the SingularityNET protocol, the two companies plan to synergize their grant programs by merging the Deep Funding and DFINITY Developer Grant Programs. The Dfinity Foundation, a not-for-profit research and development organization, has partnered with SingularityNET, an AI-focused blockchain firm, to propel decentralized artificial intelligence (DeAI) on the Internet…
Atomically purchasing digital files with digital currency is an idea that has a long history in this space. Digital goods, digital money, the two seem like a perfect pairing together. Digital goods, i.e. information, are also massive markets. Think about all the video, audio, text, games, and other forms of digital content that people purchase…
As part of the deal, Pulsar Finance’s flagship product Portfolio, will undergo integration into Terraform’s Station, a cross-chain wallet. Terra blockchain’s leading developer Terraform Labs announced the acquisition of the cross-chain portfolio management and analytics startup Pulsar Finance. This development arises as Terraform grapples with ongoing legal challenges arising from the demise of the algorithmic…
With this integration of Smart Pools, users can now earn higher yields without the hassle of manually rebalancing their liquidity. Decentralized finance (DeFi) network Steer Protocol has teamed up with Sushi to integrate its innovative Smart Pools into the ecosystem. According to the announcement, the collaboration aims to revolutionize liquidity management and provide a seamless…
To boost network performance, The Graph will invest in improved Indexer tooling and operational capabilities. These upgrades aim to increase scalability, reduce costs, and enhance network reliability. In a recent development, The Graph (GRT), a pioneering project in the Web3 ecosystem, announced an ambitious new roadmap, sending ripples through the crypto and blockchain communities. This…
ApeX is celebrating the launch of the Telegram bot by introducing a referral campaign. ApeX Protocol, a multichain decentralized derivatives protocol has introduced a Telegram bot dubbed ApeX Bot. According to a Press Release shared with Coinspeaker, ApeX Bot is designed to facilitate seamless derivatives trading transactions. Notably, this is the first-ever layer-2 Decentralized Exchange…
Casey Rodamor, the creator of the Ordinals protocol and reference implementation, recently dropped a proposal for a replacement to the BRC-20 fungible token protocol: Runes. It took roughly seven hours before basic implementations were live and people were minting tokens. They didn’t draw from a specification, or a concrete design, just a rough blog post…
1inch network announced that its limit order protocol has been deployed on a Coinbase-backed Base with direct access to several DeFi projects like Uniswap V3, and Balancer V2, among others. Leading DeFi liquidity aggregator network, 1inch protocol, announced its integration with Coinbase Global Inc (NASDAQ: COIN)-backed Ethereum (ETH) layer two solution Base. According to the…
This revolutionary platform allows people to buy and sell “shares” of their connections, allowing the buyer to send private messages to the share’s owner. In a remarkable turn of events, Social app Friend.tech has captured attention by generating protocol fees of $1.42 million within a span of just 24 hours. According to DeFiLlama data, Friend.tech’s…
Cypher Protocol announced this groundbreaking achievement via a post on its official X account on Thursday. In a recent development, Solana-based decentralized futures exchange, Cypher Protocol has successfully frozen about $600,000 worth of crypto that were stolen during a security exploit recorded on August 7th. According to the post, over 50% of the funds stolen…
Zunami may be the latest victim of a flash loan attack, a scheme that has gradually become the bane of existence for many DeFi protocols. Decentralized finance protocol Zunami Protocol has confirmed to its clients that there has been an attack on its “zStables” pools on Curve Finance. Sharing the news on Twitter, Zunami assured…
Since launching nearly a week ago, Worldcoin has been subject to increased scrutiny and criticism. Since launching out of beta mode, Worldcoin has recorded a massive surge in its weekly global World ID verifications. According to a recent blog post, the protocol saw an increase of over 100% in such verifications that took place within…
The Ordinals team, led by creator Casey Rodarmor, has introduced the “Open Ordinals Institute,” a non-profit organization aimed at advancing the Bitcoin Ordinals protocol and its reference implementation, Ord. The Open Ordinals Institute will financially support Ordinals core developers, including the newly appointed lead maintainer, Raph, fostering an open-source contributor environment for sustained growth and…