Degen Chain user loses 90% funds during bridge transfer
A bug on Degen Chain’s service providers leads to significant user fund loss, sparking criticism on the layer 3 ecosystem. Go to Source
Layer2
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Hashing It Out: Layer-2 challenges and enterprise adoption with LightLink CEO
Roy Hui, co-founder and CEO of LightLink, breaks down what it takes to build a layer-2 platform in a very competitive field — from airdrops to developer engagement and adoption. Go to Source
BASE Emerges As A Leader In The Layer 2 Ecosystem
Over the past three months, the BASE blockchain network has demonstrated exceptional growth and innovation, establishing itself as a powerhouse in the Layer 2 (L2) ecosystem. Recent insights from IntoTheBlock highlight a significant surge in transactions on BASE, driven primarily by decentralized applications and a plethora of innovative games developed on the platform. While Arbitrum … Read more
ZkSync says 695K wallets eligible for next week’s ZK token airdrop
The Ethereum scaling blockchain set aside two-thirds of its 21 billion ZK token supply to give to its community, with select users the first to get a share. Go to Source
Eclipse founder Neel Somani replaced as CEO amid sexual misconduct claims
Eclipse’s chief growth officer Vijay Chetty was named CEO “effectively immediately” with the firm announcing that Neel Somani was departing. Go to Source
Summer will offer ‘perfect opportunity’ for investing in crypto — Arthur Hayes
The BitMEX co-founder says the current phase of price consolidation is ideal for accumulating crypto before macroeconomic factors trigger the next leg up in the bull market. Go to Source
Bitcoin L2s set to explode as Runes congest BTC network
High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions. Go to Source
Ethereum L2 Movement Labs raises $38M for Move-EVM adoption
Through Facebook’s Move-based Ethereum virtual machines, Movement Labs aims to enhance smart contract security and transaction throughput within the Ethereum ecosystem. Go to Source
Linux on Bitcoin? Open-source framework BitVMX envisions BTC-powered programs
A new Bitcoin computational framework aims to power various applications and functions using native BTC, including token bridges and aggregator oracles. Go to Source
Web3 protocol Blast reaches $823M TVL despite bugs and controversy
Amid technical challenges and investor scrutiny, Blast’s staking model propels its total value loked to $823 million. Go to Source
