“Together, these core components ensure that ZK chains can interact and transact with each other efficiently, inheriting the security of Ethereum, and forming a network that can scale horizontally without compromising the core properties that make public blockchains so powerful,” Matter Labs wrote. Source
Category: ICO
Bitcoin (BTC) Price Hold Steady at $61K After a Brief Nosedive to Below $60K
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Julian Assange Reaches Plea Deal With U.S. DoJ
As CoinDesk reported at the time, Assange said that Wikileaks initially refrained from accepting bitcoin to avoid drawing government scrutiny that could hinder the cryptocurrency’s growth after a personal request from bitcoin founder Satoshi Nakamoto. Later, when facing a financial blockade, it adopted bitcoin for donations, providing vital funding for Wikileaks and simultaneously enhancing BTC’s legitimacy and utility. Source
Biden Likely to Win Popular Vote, but Not Presidency, Prediction Market Signals
With the review pending, Polymarket traders are giving the claim a 19% of being true as of U.S. morning hours on Monday, down from a peak of 60% when the market was created on June 21. It has clocked over $693,000 in volumes, making it Polymarket’s second-largest market on a crypto-related question. Source
The Internet of Things Is Still Broken (But DePIN Can Fix it)
Manufacturers have struggled to make services for smart devices profitable, leading to problems for consumers. But these machines could be corralled to create blockchain-linked decentralized cloud infrastructure, says E&Y’s Paul Brody. Source
Jump’s Kariya, Who Went From Intern to Crypto Leader, Is Leaving Trading Giant
He was just 25 when he got the president job at Jump Crypto. Now, in his late 20s, “I plan to stay engaged with the portfolio companies I’ve been most involved with and hopefully take some time to process the unbelievably eventful few years we’ve had,” he said on X Monday. Source
Tether to Stop Minting Stablecoin USDT on Algorand and EOS
The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply. Source
Kraken MTF, the Exchanges’ Derivatives Arm, Joins Copper’s ClearLoop Crypto Settlement Network
After many traders’ funds were marooned on the collapsed crypto exchange FTX, there’s been a push toward alternative structures, such as in-custody settlement networks and the like. Copper’s off-exchange network provides hundreds of institutional customers with connectivity to OKX, Bybit, Deribit, BIT, Gate.io, Bitfinex, Bitget and PowerTrade, with Bitstamp and Bitmart soon to go live, according to a press release. Source
Bitcoin (BTC) Miners Are Attracting Growing Investor Interest Following Core Scientific (CORZ)’s AI Deal: JPMorgan
Overweight-rated Iris Energy (IREN) is best positioned to take advantage of the opportunity, the report said, noting that the company has excess power capacity and is not wedded to bitcoin mining. Iris Energy was early to embrace the HPC trend and is already running graphics processing units (GPUs) at its facilities, the bank noted. The firm has a track record of building and delivering high-quality data centers on time and has access to a decent amount of power. Source
Don't Tell Anyone, but Private Blockchains Handle Over $1.5T of Securities Financing a Month
Permission-based repo ledgers are among the most successful applications of blockchain technology. Source