USDC Expands via Sui Blockchain
Circle integrates $USDC on the Sui blockchain, boosting liquidity and user engagement. Sui, launched in 2023, is known for simplicity and key partnerships. USDC now supports 15 networks with over $35B in circulation.
Blockchain
Discusses advancements, use cases, and technical aspects of blockchain technology, not limited to financial applications.
Stablecoins: Chainlink, Fireblocks Revolutionize Banking
Chainlink Labs and Fireblocks announce a partnership to streamline stablecoin issuance for banks and institutions, enhancing tokenization, security, and transparency with on-chain proof of reserves, aiming to boost stablecoin utility in digital asset markets.
Ethereum Layer 2 Harberger Tax Proposal
Vitalik Buterin suggests a Harberger tax for $ETH Layer 2 blockchains to optimize fee mechanisms, while proposing a neutral aggregation layer as an alternative. This could reshape L2 fee structures and impact future blockchain policies.
USDT on TON Blockchain Hits $729M
USDT supply on the $TON blockchain hits $729M in just four months. Low fees and strong user adoption boost P2P and DeFi growth, with platforms like Ston.Fi and Dedust leveraging USDT for liquidity and trading activities.
Solana Hackathon: Register for $4M Funding
Solana Radar Hackathon offers $4M in funding opportunities from Sept 2 to Oct 8, 2024, with a $600K prize pool. Top 15 teams can access $250K in startup funding, including special awards. Join now to innovate in blockchain technology.
Osmosis Unveils Polaris: Seamless Cross-Chain Trading
Osmosis unveils Polaris, enabling wallet-agnostic, one-click cross-chain trading. Users can manage and track assets across ecosystems, with automated conversions and gas token acquisition. Polaris integrates with various liquidity venues and bridges, enhancing scalability and flexibility.
Tether Becomes ‘Secret Dollar’ for Sanctions
USDT is being used by Venezuela and Russia to evade sanctions, raising US financial security risks. Its 2023 trading volume surpassed Visa’s, and Tether’s profits exceeded $6.2B. USDT is also facilitating $50M in monthly payments in Georgia.
Ethereum Hard Fork: Pectra’s User Impact
Ethereum’s Pectra hard fork introduces EIP-7702 for gasless payments, EIP-7251 for flexible validator deposits (32-2048 ETH), and EIP-2935 for improved node performance. Enhancements aim to boost performance, security, and user experience. $ETH @Ethereum
Bitcoin TVL on Merlin Chain Surpasses $1.2B
Merlin Chain’s L2 protocol hits over $1.2B TVL, processes 12.7M+ transactions, supports 200+ dApps, and launches 1.9M addresses. Introduces $210M MERL Ecosystem rewards. Advanced security measures enhance scalability and transparency, solidifying its role in Bitcoin’s L2 ecosystem.
Crypto Expert Slams Blockchain Reviewers
Crypto analyst ZachXBT criticizes many Layer 1 block explorers, calling for major improvements in functionality and user experience. Top-tier explorers include Blockchair for Bitcoin and OKLink for EVM chains, while Cosmos and Algorand explorers are deemed low-quality.
Blockchain Gaming Platform Raises $30M
Balance raises $30M to innovate blockchain gaming with AI. Investors @a16z, @galaxyRTK, and @animocabrands back the platform to enhance infrastructure, expand the Web3 ecosystem, and support over 150 games for 4.2M users.
Blockchain Projects Raised $821M in August
Blockchain and AI projects raised $821M in August, with $80M led by Story Protocol and $640M for AI startup Groq, now valued at $2.8B. Binance Labs was the most active investor, backing 11 startups.
Cardano Chang Hard Fork Dwarfs Bitcoin
Cardano ($ADA) completes the first phase of its Chang hard fork, introducing a token-based governance system and an interim constitution. Founder @IOHK_Charles claims the upgrade surpasses Bitcoin in impact, paving the way for a fully decentralized network.
Ethereum Layer 2 Theft Allegation Shocks
Justin Bons raises concerns over $ETH Layer 2, citing centralization and downtime risks. He argues that scalable Layer 1 blockchains could ensure better security and decentralization. This debate may shape future blockchain scalability strategies.