LayerZero Labs and Initia Labs are developing a new interoperability standard for Cosmos. This will connect Cosmos SDK chains with LayerZero-enabled chains, boosting omnichain interoperability. LayerZero has already handled over 135 million cross-chain messages. #BlockchainTech #Update
Golem (@GolemProject) transferred 4,600 ETH ($14.1M) to Binance and Bitfinex amid a price recovery. Over five days, 29,000 ETH ($88.9M) moved, sparking concerns about selling pressure on $ETH. Golem focuses on network growth and solo staking their ETH holdings. #Ethereum
Tether (@Tether_to) stops issuing $USDT on Algorand and EOS to focus on Ethereum, Tron, and Solana. Current holders can redeem tokens for the next 12 months. This move aims to enhance security and efficiency. #Blockchain #CryptoNews
Singapore court rules Multichain owes $2.18M to @FantomFDN for 2023 hack losses. The decision allows Fantom to recover assets lost in a July exploit. The case highlights the need for secure, decentralized control in crypto projects. #CryptoSecurity
EOS Network launches a $127M staking rewards program with 85,600 $EOS tokens distributed daily and an initial 60% APY. Lock-up periods increased from 4 to 21 days. EOS supply capped at 2.1B tokens to boost stability. #Update #CryptoNews
Justin Sun announces @TRONfoundation’s fee-free stablecoin transfers launching Q4 2024. Initially on TRON, expanding to Ethereum. With $58B in stablecoin capitalization, this move could boost adoption. TRON leads P2P payments with nearly double Ethereum’s transactions. #CryptoNews
Tron’s @justinsuntron to launch gas-free stablecoin transfer solution on Tron in Q4 2024, expanding to Ethereum and other blockchains. This could cut transaction costs and boost stablecoin adoption. #CryptoNews #Stablecoins #Update
Shiba Inu’s lead dev, Shytoshi Kusama, to visit Mumbai after a successful IVS Conference in Kyoto! Kusama’s public debut in Japan, masked and in a samurai outfit, thrilled the SHIB Army. Mumbai event to feature interactive sessions on future projects, marking a major milestone for $SHIB. #Update
Hackers are exploiting vulnerabilities in older Rejetto HFS versions to install Monero mining malware. AhnLab highlights attacks using XMRig, XenoRAT, and Gh0stRAT. Rejetto warns against using versions 2.3m-2.4. #CyberSecurity #Update
Orbs launches its Liquidity Hub on Fenix Finance, enhancing liquidity and capital efficiency for Blast users. This integration promises reduced slippage, gas-free transactions, and MEV protection. Fenix Finance has seen $150M in volume since its Open Beta. #Update #DeFi
Dogecoin whale accumulates 90M DOGE from Binance amid market crash, boosting holdings to 1.42B DOGE worth $157.3M. Despite a 7.08% pullback to $0.11, this move hints at bullish sentiment. Derivatives volume surged 64.80%, showing investor uncertainty. #CryptoNews
BitMEX launches MEMEMEXTUSDT, a Basket Index perpetual swap, giving traders exposure to top 10 meme coins by market cap, including $DOGE, $SHIB, and $PEPE. Margined in USDT with up to 25x leverage, it simplifies meme coin market access. #CryptoNews
Helium ($HNT) surged 7% to $3.74 amid a crypto downturn, boosted by the Helium Foundation’s HIP-128 proposal for an ENERGY subnetwork rewarding solar energy production. Trading volume soared 34% to $12.2M. #Update #CryptoNews
Gala Games and @AnimocaBrands have partnered to enhance the $GALA token experience. Animoca will facilitate orderly trading and become a GalaChain validator. GALA price rebounded to $0.02623, with trading volume up 38% in 24 hours. Total futures open interest rose to 2.35 billion. #CryptoNews
