The zkEVM, which is capable of performing smart contract transactions within a zero-proof environment, has firmly established itself in blockchain infrastructure. Now institutional investors can tap into a proven ecosystem of Ethereum-based blockchains, with its robust security guarantees, decentralization, and transactional transparency, at a far lower cost, rapid settlement times, and with potentially unlimited scaling capacity. Source
Category: ICO
Former Fidelity Digital Assets Head Joins Advisory Board of Ethereum L2 Layer N
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Nvidia's Hotly Anticipated Earnings May 'Trigger' Bitcoin and Crypto Correction, Analyst Says
‘The most important stock on Earth’ could disappoint on a weak PC market and AI saturation, with Wall Street wanting more from the GPU giant, pulling down crypto and equities, the report said. Source
Tangible’s USDR Stablecoin Charts Path to Recovery
The path from failure to redemption sheds a light on the wonky tokenomics that underpin mixed-asset stablecoins, which attempt to hold their dollar peg through collateral that isn’t always, well, a dollar. These constructions can have upside in good times but can go south in a hurry during a liquidity crunch. Source
STRK Tokens Claimed Hit 420M in a Day as On-Chain Metrics Soar
More than 490,000 individual wallets claimed 420 million starknet (STRK) tokens in the 24 hours after the highly anticipated airdrop went live, with the token’s market cap remaining above $1.2 billion. Source
Is the DOE Crypto Mining Data Request an Opportunity for Energy Innovation or for Political Opportunists?
As someone who’s served at the Department of Energy (DOE), I believe the orders offer some key opportunities. While most of the mining community agrees the requests are politically motivated by certain members of Congress, the EIA statute directs agencies to pursue information gathering functions in support of requests from Congress, the DOE and others. Some of the questions are standard for the data gathering process and could help promote adoption of a much-needed uniform, consistent reporting framework for our burgeoning industry. Source
As Crypto 'Points' Farming Grows, So Does Risk of Vague Promises
Liquid restaking protocols based on EigenLayer are offering “point” incentives attached to the vague prospect of future airdrops, but the trend carries risks. Source
Hong Kong Financial Services Dept. Doubles Down on Stablecoin and OTC Rules Promise
“Subject to the consultation outcomes and progress of the preparatory work, the Government will submit bills on the above licensing regimes to the Legislative Council as soon as practicable,” Secretary for Financial Services and the Treasury Christopher Hui said in a written reply to a question about regulating crypto trading. Source
Turkey’s Upcoming Crypto Rules Will Protect Users While Fostering Innovation, Lawmaker Says
Ömer İleri, who oversees Information and Communication Technologies for Turkey’s ruling party, met with representatives of the crypto sector to discuss upcoming regulations. Source
Restaking Protocol KelpDAO Brings Liquidity to EigenLayer Points
EigenLayer, launched last year, allows ether stakers to restake their coins. Staking is a method to secure a blockchain by locking coins on the network in return for rewards. For instance, when ether holders deposit their ETH on the network, they boost the network’s security and earn rewards. Source