Light Protocol and Helius Labs launch ZK Compression on Solana to reduce storage costs
The ZK Compression uses zero-knowledge proofs for data compression. The ZK Compression slashes Solana on-chain storage costs by 99%. The ZK Compression operates as an integrated L1 solution, avoiding typical…
USDR liquidity crisis costs a trader 131,350 stablecoins
USDR suffered a liquidity crisis, revealing its illiquid assets. A trader lost everything swapping USDR for USDC during the crisis. An MEV bot profited $107,002 from the arbitrage opportunity. The…
Coinbase plans to cut costs and is engaged with regulators, says the CEO
Coinbase has been negatively affected by the ongoing bear market, and the exchange plans… The post Coinbase plans to cut costs and is engaged with regulators, says the CEO appeared…