Similar to EigenLayer, Symbiotic will offer a way for decentralized applications, called actively validated services, or “AVSs,” to collectively secure one another. Users will be able to restake assets that they’ve deposited with other crypto protocols to help secure these AVSs – be they rollups, interoperability infrastructure, or oracles – in exchange for rewards. Source
Block trades are privately negotiated futures, options, or combination trades exceeding certain volume thresholds. Participants typically use communication technologies like Paradigm to request quotes bilaterally and agree on the price, following which the trade is submitted to an exchange, in this case, Deribit, for execution and clearing. Source
During his 2 1/2 years at Paradigm, Seira helped create the firm’s Policy Lab to advance crypto innovation and lawmaking in the U.S. Paradigm’s Policy Lab aimed to bring together academics, policy experts, lawyers and technologists to do research on policy issues facing crypto, according to a blog post by the firm. Source
As the Bitcoin (BTC) Halving event concluded for the fourth time, the cryptocurrency market witnessed notable changes in key metrics. These developments have led Charles Edwards, a market expert and founder of Capriole Invest, to issue bold predictions that hint at a paradigm shift in the BTC market. Bitcoin Trading At ‘Deep Discount’ One of the key metrics highlighted by Edwards is the staggering electrical cost associated with mining a single Bitcoin. Edwards reveals that this cost has now reached an astonishing $77,4000. This figure represents the raw electricity expenses…
Venture Capital (VC) firm Paradigm is leading a substantial $225 million funding round for a new Layer 1 (L1) network, that aims to compete with the Ethereum (ETH) blockchain. Other notable participants include VC firms Electric Capital and Greenoaks. According to a recent Fortune Magazine report, Monad Labs, the company behind the blockchain project, aims to compete with established players such as Solana (SOL) and Ethereum and the Layer 1 blockchain protocol Sui (SUI). Monad’s Rebuilt Ethereum Blockchain Per the report, Monad’s initiative is to rebuild the Ethereum blockchain from…
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The VC is looking to raise between $750 million and $850 million, Bloomberg reported citing source familiar. Source
In a friend-of-the-court brief filed Thursday, Paradigm, which is not an investor in Kalshi, argued that such contracts could help businesses, including cryptocurrency startups, hedge their risks while producing positive spillover effects for the general public. Source
New markets take time to mature and crypto is no different. The next stage will see more attention given to fundamental metrics and better data will drive the change, says Michael Nadeau, founder of The DeFi Report. Source
“At the end of the day, a zero-knowledge proof is basically a computer that can provide a receipt for what it did,” said Alok Vasudev, the co-founder of Standard Crypto, in an interview with CoinDesk. “In Axiom’s case, I think now we’re starting to really uncover new areas and think about new markets that can be opened up by this same core technology.” Source