Movement to Transition From Sidechain to Independent Layer 1 Network
TL;DR Movement, the blockchain project formerly operating as a sidechain, will transition into a standalone Layer 1 network to boost scalability and enable native staking. The
blockchain (Latest Publications)
Major Swiss Banks Successfully Test Payments on Ethereum
TL;DR Three Swiss banks conducted a legally binding payment using tokenized deposits on Ethereum, demonstrating both legal and technical feasibility. Deposit tokens enable instant settlements linked
Velora Replaces Its PSP Token with VLR, Shifting to Revenue-Linked Rewards
TL;DR Velora replaces its PSP token with VLR, unifying its model into a single asset and aligning incentives for users and developers. The migration from PSP
Hyperliquid Integrates Circle’s USDC and CCTP V2 as Preferred Stablecoin Infrastructure
TL;DR Hyperliquid integrated native USDC and CCTP V2 into HyperEVM, enabling direct deposits to HyperCore and immediate use in financial applications. The USDC is issued by
Alchemy Pay Launches Fiat-to-RWA Platform With xStocks Integration
TL;DR Alchemy Pay launched a fiat-to-RWA platform in partnership with Backed’s xStocks, allowing users to purchase over 60 tokenized stocks and ETFs with local payment methods.
Ethereum Foundation Launches $2M Bug Bounty Competition to Secure Fusaka Upgrade
TL;DR Security Incentive: Ethereum Foundation launches a $2M bug bounty to audit Fusaka’s codebase, offering tiered rewards to encourage early and thorough vulnerability discovery. Technical Rollout:
Ethena Meets Fee Switch Parameters, Awaits Governance Approval
TL;DR Fee Switch Milestone: Ethena has officially met the technical parameters required to activate its ENA fee switch, setting the stage for a governance vote that
American Express Introduces NFT ‘Travel Stamps’ to Commemorate Travel Experiences
TL;DR American Express launched a travel app that centralizes bookings, planning, and management, with direct access to premium programs. The app includes Amex Passport, which generates
MetaMask’s Native Stablecoin, mUSD, Is Now Live
TL;DR MetaMask launched mUSD, its first native stablecoin, issued by Stripe’s Bridge and regulated under the Genius Act, to compete with USDT and USDC. The stablecoin
This Could Be Huge! Base Creator Confirms Early-Stage Discussions About a Native Token
TL;DR Base, Ethereum’s layer 2 network backed by Coinbase, is exploring the launch of a native token, aiming to involve the community from the early stages.
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