#chain

He lists his demands: “All documents and information related to company / protocol formation, structure, operation, revenues, profits, expenses, assets, liabilities, investors, salaries, etc.” “Temporary full authority and ownership over the governance mechanism (KyberDAO).” “Surrender of all Kyber (the company) assets. This is both On-chain and Off-chain assets.”

Antonio Juliano, the creator of the decentralized exchange protocol dYdX, recently shed light on an insurance fund incident. He specified that it occurred on the v3 chain, not the dYdX Chain, resulting in a loss of $9 million for the platform.

The MetaMask team has released an update to its cross-chain bridge, significantly widening the scope of tokens the wallet supports for swapping.

The Chiliz fan token project has introduced the Chiliz Chain ecosystem to further the SportFi trend. This move is aimed at assisting developers in creating sports-centric applications.

The crypto company LayerZero has forged a partnership with Conflux to roll out a blockchain-based SIM card (BSIM), co-developed by China Telecom. This partnership aims to simplify cross-chain fund transfers, leveraging LayerZero's innovative exchange mechanisms. While it's uncertain whether they can attract China Telecom's 390 million users, the LayerZero CEO remains optimistic.

Polygon Labs has launched its Chain Development Kit (CDK), a software tool designed to help developers create Ethereum Layer 2 chains powered by zero-knowledge proofs. The toolkit will support an "Interop Layer," a new protocol that aggregates zero-knowledge proofs from multiple Polygon chains and secures them on the Ethereum mainnet. This move aligns with Polygon's shift towards creating more interconnected chains, similar to ecosystems like Cosmos and Polkadot.

Coinbase and Circle, five years after jointly launching USDC, are evolving their partnership. Coinbase is acquiring an equity stake in Circle, emphasizing their shared vision for the financial future. To further its reach, USDC will launch on six new blockchains between September and October, expanding its multi-chain presence to 15. With clearer global stablecoin regulations, Circle will assume all governance, including smart contract management. The Centre Consortium, initially governing USDC, will dissolve.

This initiative aimed at countering anti-crypto legislation by mobilizing the community. Coinbase’s long-term plan is focused on cultivating a grassroots movement and building an engaged community that advocates for positive legal changes and crypto-friendly regulations. This initiative marks the nation’s first ever independent on-chain advocacy organization, driven by and for crypto enthusiasts. As of now, the initiative boasts 54 161 supporters on its webpage.

Wormhole, a protocol for cross-chain transfers, secured a whopping $225 million investment at a $2.5 billion valuation, marking the highest fundraising in the crypto sector for the year 2023.

dYdX Chain, a standalone Layer 1 platform based on Cosmos, has officially entered the beta-testing phase of its mainnet. This milestone follows a decisive governance vote, where over 99% supported the transition from post-trading to active trading.

Addresses linked to FTX and Alameda Research continue transferring tokens to centralized exchanges. In the last 24 hours, they've moved crypto assets valued at over $13 million, as per Spot On Chain data.

Circle, the issuer of the USDC stablecoin, is expanding its footprint in Taiwan through a partnership with crypto exchange BitoGroup and convenience store chain FamilyMart.

The Merge stands as a pivotal moment in the crypto world. It signifies the integration of the Ethereum mainnet with a distinct PoS blockchain known as the Beacon Chain.

London's Herodotus, in collaboration with StarkWare, has launched an "on-chain accumulator" tool that lets users read and verify any part of Ethereum's history. This tackles Ethereum's current limitation of validating only the last 256 blockhashes. The tool uses "storage proofs," a cryptographic method, to confirm the validity of data. This could be a game-changer for creating permissionless account recovery systems and insurance protocols that rely on historical on-chain data.

Social app friend.tech has recorded protocol fees amounting to more than $1.42 million within the past 24 hours, positioning it among the top three crypto projects in terms of user-paid fees. It now stands as the third-highest project for user-paid fees, following Ethereum and Lido Finance, according to data from DeFiLlama. Built on Coinbase’s Base Layer 2 chain, friend.tech is a social app that integrates with X (Twitter). It allows users to trade tokenized shares linked to each other’s profiles. Shareholders enjoy exclusive content access and private chat rooms in X.

DeBank has introduced a new Layer-2 solution based on OP Stack for user experimentation. It's now live for testing, and the mainnet is slated for 2024. According to an official briefing, developers have accomplished cost reductions ranging from 100 to 400 times for specific transactions, all the while targeting gas expenditure. Besides, to fortify user defense and trim L1 data leaks, transactions will be signed with a specially devised second-tier private key.