#blockchain

Monad's blockchain has entered the Devnet phase, promising an unparalleled 10,000 TPS (transactions per second) per block—quintupling Tron's performance metrics. Its full compatibility with Ethereum, according to the developers, is achieved through an innovative Ethereum Virtual Machine (EVM) designed for parallel processing.

Financial powerhouses including Goldman Sachs, BNY Mellon, Paxos, and others have concluded their testing phase of the blockchain Canton Network, engineered by Bluechip Digital Asset. The initiative brought together 15 asset management companies, 13 banks, four depositary institutions, and three exchanges in its pilot phase.

As a stablecoin that exists independently of the specific blockchains it utilizes for transactions, USDT's adaptability on over 15 blockchains has prompted Tether to offer a fallback for users against potential blockchain failures. The company has unveiled a tool designed for the recovery of USDT tokens across a multitude of blockchains.

Jeff Zirlin, the co-founder of EVM blockchain Ronin and the popular game Axie Infinity, suffered a significant loss of approximately $10.5 million in cryptocurrency following the hacking of two personal wallets.

In an effort spanning the last two years, Binance has managed to recompense $4 billion to its users, addressing losses from platform glitches or user errors. This includes mishaps like incorrect deposits or transactions amid blockchain upgrades, with the team rectifying upwards of 381,616 such instances.

Blockchain researcher ZachXBT recently reported the successful return of most funds obtained from selling a DeGods NFT stolen in May 2023. The NFT was pilfered through a phishing website and promptly sold for 99 ETH (valued at $177,000) on the NFT marketplace Blur.