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…
Morpho becomes first L2 protocol to launch on Base
Morpho is the first Layer 2 protocol to launch on Coinbase’s Base. Morpho has introduced MetaMorpho Vaults and Morpho Markets on Base, boosting yield and borrowing options. Morpho’s CEO, Paul…
Uniswap delays protocol upgrade vote; UNI price falls 9%
The Uniswap Foundation announced a delay to an upgrade vote on the protocol’s fee mechanism. UNI price reacted lower, declining 9% to hit lows of $10.17. The Uniswap Foundation has…
Grayscale launches investments trusts for Stacks and Near Protocol
Grayscale announced trusts for Near Protocol and Stacks. Crypto market is upbeat ahead of a potentially huge announcement from the SEC on spot Ethereum ETF. Grayscale Investments has announced two…
Solana memecoin protocol pump.fun exploit mastermind arrested in London
Jarett Dunn, aka @STACCoverflow, arrested in London for Solana memecoin exploit. Dunn used flash loans to manipulate pump.fun, stealing $2 million in liquidity. Released on bail, Dunn confessed online, citing…
Humanity Protocol raises $30M for palm-based digital identity
Humanity Protocol has secured $30M for its palm scan identity verification project. Palm scan tech offers secure, decentralized identity verification, disrupting traditional methods. Competition intensifies in the digital identity space…
Tim Draper leads $3.5 million raise for Bitcoin liquidity protocol Zest
Tim Draper’s VC firm Draper Associates led the $3.5 million seed round for Zest Protocol. Binance Labs, Trust Machines and Bitcoin Frontier Fund among key participants. Billionaire Tim Draper has…
Animoca Brands “comes to Bitcoin” with OPAL Protocol
Animoca Brands says Bitcoin is ready for Web3. The blockchain gaming giant will collaborate with Darewise and OPAL Protocol to launch a new era for gaming, DeFi and Web3 on…
Hedgey Protocol loses $44.7M in dual cyber attacks
Hedgey Protocol suffers $44.7M loss in dual cyber attacks. The protocol was targeted on both Arbitrum and Ethereum chains. Hedgey advises users to cancel active claims, revoking approvals amid the…
What Are Bitcoin Runes? A New Fungible Token Protocol on Bitcoin
What Are Runes on Bitcoin? Runes is a new token standard on Bitcoin that makes it easier and more efficient for users to create fungible tokens on the blockchain. Key…