Search results for "LAYER"

Mango Network will airdrop 5% of the total MGO supply, and eligibility check is now open.

According to Gate News bot, as reported by Cryptonews, the Layer 1 Blockchain project Mango Network announced on Friday that it will conduct a community Airdrop ahead of its Token Generation Event (TGE). The team will distribute 5% of its total supply of the native Token MGO to early users, Testnet participants, and community contributors. The Airdrop eligibility checker is now live, allowing users to connect their Wallets and complete three steps to confirm and ultimately claim their rewards.
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Santiment: The rise of Ethereum wallets indicates an increase in network strength.

Gate News bot reported by CoinGape indicates that the increase in the number of Wallets signifies more participants joining the ecosystem. They could be individual investors, institutional investors, or developers testing applications. In any case, this reflects a busy and continuously evolving network. Ethereum remains the most widely used smart contracts platform, and this position is expected to remain strong in 2025.
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Pavel Durov of Telegram has been allowed to leave France for the second time since being detained in August 2024.

Gate News bot reported that according to The Block, French authorities have allowed Telegram founder and CEO Pavel Durov to leave France for the second time since his detention in August 2024, as he is under investigation for alleged illegal activities on the messaging platform.
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Paradigm-supported Succinct completes the World Chain verification pilot, paving the way to become a ZK rollup.

Gate News bot announcement, Succinct, which has received investment from Paradigm, has completed a seven-day validation pilot for the World Chain Mainnet. This pilot project used encryption proofs to validate each transaction and Block without the need to rerun the entire Blockchain. This indicates that even large networks like World Chain, based on the OP Stack, can eventually become ZK rollups. "World Chain challenged us to prove that ZK can operate at their scale," said Uma Roy, co-founder of Succinct, in a statement. "By completing this pilot project, we have demonstrated that this technology is ready for production, paving the way for World Chain to become a ZK rollup when the time is right."
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The Bank of Japan has released the second progress report on the digital yen pilot program, which may consider deploying CBDC on a public chain.

Odaily News Japan's Central Bank has released the second progress report of its Digital Yen pilot program, which reveals that a working group is studying how Central Bank Digital Currency (CBDC) can be integrated with emerging technologies such as Distributed Ledger Technology (DLT). As part of the exploration, researchers are considering deploying CBDC on-chain, although this solution is not feasible at this stage, the potential future direction may involve adopting Layer 2 blockchain solutions with stronger control. It is worth mentioning that shortly after the release of this report, Central Bank Executive Committee Member Kazushige Kamiyama stated that there are currently no plans for the issuance of a Central Bank Digital Currency. (LedgerInsights)
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This week, encryption startups received $3 million in VC investment, with a total financing amount exceeding $7.7 billion this year.

Gate News bot message: According to data from DefiLlama, this week has been relatively calm, with venture capitalists and other investors investing $3 million in crypto asset startups, bringing the total funding to over $7.7 billion in 2025 so far. As in previous weeks, investors are focusing on infrastructure projects aimed at expanding Ethereum, quantitative trading, and enhancing Bitcoin functionality.
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Solayer launches development network InfiniSVM Devnet

Solana re-staking platform Solayer has launched InfiniSVM Devnet, supporting over 1 million TPS and millisecond-level transaction confirmations. InfiniSVM is compatible with the Solana Virtual Machine (SVM), allowing developers to migrate applications and use Solana tools for development and testing.
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Alchemy acquires NFT Launchpad HeyMint to expand wallet services

Gate News bot message, Web3 infrastructure company Alchemy has acquired the NFT Launchpad HeyMint to strengthen its "smart Wallet" department. The acquisition was completed on April 30, and the specific terms of the deal have not been disclosed.
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Consensys CEO: Ethereum Layer 1 will become the global main ledger.

Ethereum co-founder Joseph Lubin pointed out that Ethereum Layer 1 will become the global main ledger, possessing trusted neutrality, censorship resistance, and tamper-proof characteristics, continuously promoting decentralization, and having a highly vigilant community to address potential disruptions.
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A Whale spent $4 million on HYPE 6 hours ago, betting on potential pump opportunities?

According to monitoring by Lookonchain, Whale 0x89AB deposited 4 million USDC into Hyperliquid 6 hours ago to purchase HYPE. On June 19, Cointelegraph reported that Nasdaq-listed company Lion Group Holding secured $600 million in financing to launch the HYPE treasury strategy. The company plans to use HYPE as a primary reserve asset and establish a next-generation Layer-1 treasury asset portfolio with SOL and SUI.
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Nasdaq-listed company Lion Group Holding has secured $600 million in financing to launch its HYPE treasury strategy.

BlockBeats News: On June 19, Cointelegraph reported that Nasdaq-listed Lion Group Holding received $600 million in funding to launch its HYPE treasury strategy. The company plans to accumulate HYPE as a primary reserve asset and build a next-generation Layer-1 treasury asset portfolio with SOL and SUI.
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The price of SOL is about to pump to $200, but it must first meet 3 key catalysts.

According to CoinTelegraph, Solana's native cryptocurrency, SOL, encountered strong resistance at the $158 level on Monday. Subsequently, it fell to $143 by Wednesday, a cumulative decline of 14% in seven days. Traders are now concerned that the likelihood of a return to the $200 level has diminished due to the recent price weakness and the surge in demand for leveraged SOL positions.
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Solayer: Mega Validator has been selected as a Marinade Select validator.

ChainCatcher news, the hardware-accelerated SVM project Solayer announced on social media that its Mega Validator has been selected as a Marinade Select validator for the Solana liquid staking protocol Marinade.
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Solayer: Mega Validator has been selected as a Marinade Select validator.

ChainCatcher news, the hardware-accelerated SVM project Solayer announced on social media that its Mega Validator has been selected as a Marinade Select validator for the Solana liquid staking protocol Marinade.
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Galaxy and Fireblocks will run nodes on the Bitcoin Layer 2 network Botanix.

PANews reported on June 5 that, according to Coindesk, 16 institutions, including Galaxy, a digital asset financial services company under Mike Novogratz, and Fireblocks, a crypto custodian, will become node operators of Botanix, a Bitcoin Layer2 network. These carriers are ready for onboarding and will be operational when the Botanix mainnet goes live later in the quarter. Botanix Labs aims to ensure the decentralized nature of the network from the very beginning by forming a consortium of nodes made up of multiple entities. In the future, the network plans to transition to a dynamic federation model, which will eventually enable any user in the world to run a Botanix node. Other institutions joining the alliance include blockchain development platform Alchemy, Bitcoin mining pool Antpool, and hedge fund UTXO
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The L2 chain Katana incubated by Polygon and GSR has launched its private Mainnet.

Katana, a new DeFi-focused blockchain incubated by industry giants Polygon and GSR, announced on Wednesday that its private mainnet has gone live. The team said the new Layer 2 blockchain will "unify all liquidity into a single protocol and generate yield from all potential sources," with the goal of "driving a self-sustaining DeFi engine for long-term growth." At this time, Katana is only available to a limited number of users. It contains a pre-deposit phase where users can deposit their ETH, USDC, USDT, and WBTC into Katana for a chance to win KAT tokens, the network's new governance and utility tokens. While currently in the private phase with limited activity, early deposits will be incentivized through an open-case-like reward system. Katana's public mainnet is expected to go live by the end of June.
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R3 has reached a strategic partnership with the Solana Foundation to promote the integration of public chains and permissioned chains.

Gate News bot message, the UK financial blockchain technology company R3 announced a strategic partnership with the Solana Foundation. According to the cooperation details, R3 plans to bring regulated financial institutions and their tokenized real assets onto the Solana public chain. In addition, both parties will launch the first enterprise-grade permissioned consensus service deployed on Layer 1 on the Solana public chain. Source: Wu Says.
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BNSOL Super Stake Launch LAYER

According to BlockBeats news on May 15, as per the official announcement, BNSOL Super Stake has launched Solayer (LAYER): holding BNSOL and DeFi BNSOL assets will allow you to receive LAYER APR Airdrop rewards.
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OP Labs Product Lead: It is expected that in the next 5 years, various cryptocurrency exchanges and fintech companies will all operate on a self-running Blockchain.

Gate News bot reports that the Optimism development team OP Labs stated that it is only a matter of time before all crypto asset exchanges and fintech companies run their own blockchains. Sam McIngvale, the product lead at OP Labs, indicated that the logic is simple and clear, and pointed out that Base has achieved great success since its debut in 2023. McIngvale said: "I expect that within the next five years, every crypto asset exchange and every fintech company will be able to run their own blockchain. If you have Bitcoin at an exchange, you just need to press a button, and they will transfer these Bitcoins to the corresponding on-chain, and then you can use these Bitcoins to borrow USDC, and then you can do anything you want with that USDC."
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Flashbots Warning: MEV Bots spam activities are hindering mainstream chain expansion.

Gate News bot reports that Flashbots, a research organization focused on MEV (Maximum Extractable Value), recently issued a warning that spam from MEV Bots is rapidly becoming a major obstacle to blockchain scalability. In a paper published this week, Flashbots stated, "MEV has become the primary limiting factor for blockchain scalability," pointing out that the efficiency of Ethereum rollups and Solana is increasingly declining, and current scalability efforts of mainstream blockchains are being offset by the rising prevalence of MEV-driven activities. As Layer 1 and Layer 2 networks compete to increase throughput, the report found that on-chain activities of MEV Bots are wasting more and more available capacity. On Solana, MEV Bots currently occupy 40% of all block space. On Ethereum's OP-Stack Rollup (such as Base and OP Mainnet), spam Bots account for over half of the Gas usage, while the fees paid only represent a small portion of the network fees.
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Wall Street veterans say the "GENIUS Act" positions ETH at the center of tokenization finance.

According to the Gate News bot, as reported by CoinDesk, while the U.S. Senate is busy passing the GENIUS Act, Vivek Raman, the founder of the Ethereum advocacy company Etherealize, is even busier, traversing Wall Street to explain why Ethereum (ETH) has suddenly become the center of institutional financing.
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VivoPower, a publicly listed company, will deploy $100 million XRP on Flare and use RLUSD as reserves.

Gate News bot reported that VivoPower International (VVPW), a NASDAQ-listed company, will adopt a digital asset financial strategy and plans to invest $100 million in XRP. The company announced on Wednesday that it has partnered with Layer 1 blockchain Flare to deploy $100 million worth of XRP to generate yield on its treasury holdings. The initiative marks the first large-scale adoption of the Flare FAssets system, which enables non-smart contract tokens such as XRP to interact with DeFi protocols. VivoPower plans to generate yield through Flare-native protocols such as Firelight and reinvest the proceeds to expand its XRP holdings. The company said it will also adopt payments firm Ripple's RLUSD stablecoin as its cash equivalent reserves.
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The encryption accomplice company Copper has added support for sBTC, enhancing access to the Bitcoin Decentralized Finance ecosystem.

Gate News bot News, Copper, a company focused on digital asset custody and collateral management, announced the expansion of support for Stacks (STX) and sBTC. sBTC is a Bitcoin-based asset that sits on Stacks Layer 2 and is pegged 1:1 to BTC, enabling Bitcoin holders to access smart contracts, DeFi, and other programmable financial use cases while maintaining a direct connection to Bitcoin's value, with the aim of bringing Bitcoin liquidity to DeFi applications, creating new opportunities for yield, lending, and cross-chain interoperability. The integration enables Copper's global customers to "securely store, transfer, and manage sBTC and their existing digital asset portfolios, further enhancing access to the Bitcoin DeFi ecosystem."
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The XRP Ledger compatible EVM sidechains will be launched in Q2.

Gate News bot news, Ripple's Product Management Director Jaazi Cooper and Chief Technology Officer David Schwartz stated at the APEX 2025 conference held in Singapore that a decentralized Layer 1 blockchain XRP Ledger (XRPL) compatible with the Ethereum Virtual Machine (EVM) will launch in the second quarter. It was introduced that this EVM sidechain will allow users to earn through DeFi applications (such as liquidity pools and smart contracts interaction).
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Aave expands to the Ethereum Layer 2 network Soneium supported by Sony

PANews reported on June 11 that the DeFi protocol Aave has officially been deployed to the Ethereum Layer 2 network Soneium developed by Sony Blockchain Lab. This deployment was approved through a community governance proposal, marking Aave's first entry into a blockchain network aimed at consumer-grade applications. According to the announcement, this integration supports USDT0, USDC.e, and WETH, with each asset configured with risk parameters to ensure capital efficiency and protocol security.
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Consensys is in discussions with a sovereign fund and major banks in a certain country to build the Ethereum ecological infrastructure.

Gate News bot news, Ethereum co-founder and Consensys CEO Joseph Lubin believes that due to the utility of ETH and its important role in building trust-based financial infrastructure, ETH may ultimately be more valuable than BTC. He also revealed that Consensys is in talks with a sovereign wealth fund and major banks of a large country, focusing on building institutional infrastructure within the Ethereum ecosystem, including Layer 1 and customized Layer 2 solutions.
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Ajna Capital announces investment in Layer-2 solution SuperSol

According to ChainCatcher news, Ajna Capital has incorporated SuperSol into its continuously growing next-generation Blockchain investment portfolio. It is reported that SuperSol is a native Layer-2 solution built specifically for the Solana Blockchain and is one of several strategic projects supported by Ajna Capital, aimed at promoting the scalable on-chain rise of Solana.
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Ajna Capital announces investment in Solana Layer-2 solution SuperSol

Ajna Capital recently incorporated SuperSol into its Blockchain investment portfolio, supporting Solana's Layer-2 solutions. This reflects confidence in Solana as the next-generation internet infrastructure and a commitment to supporting projects that enhance Solana's speed, scalability, and resilience.
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Bernstein: The three main factors driving the rise of ETH are the stablecoin and tokenization boom, Layer 2 institutionalization, and the closing of ETH short positions.

The price of Ethereum has risen by 65% in the past 30 days, nearly 100% since the low in April. Analysts believe the reasons for the rise include the boom in stablecoins and tokenization, Layer 2 institutionalization, and the closing of short positions in ETH. Ethereum accounts for 51% of the stablecoin supply, with financial institutions driving the development of the real asset tokenization market, valued at over $22 billion, with Ethereum once again taking the lead. ETH's role in institutional encryption infrastructure is becoming increasingly important. The market narrative has shifted to view ETH as a tactical investment choice, showing good performance.
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Namada(NAM) will be listed for trading on Gate. Staking GT or USDT can share 1.42 million NAM Airdrop rewards.

Gate News bot news, according to the platform announcement on June 17, 2025: Gate will launch the Namada( spot trading on June 19, 2025, at 18:00 (UTC+8), opening the NAM/USDT trading pair. At the same time, the platform will hold a Launchpool event lasting over 20 days, where users can participate by staking GT, USDT, and NAM to share a total reward of 1,428,572 NAM tokens. The event will be conducted in two phases: the first phase is from June 17, 2025, 21:00 to June 19, 21:00, with a prize pool of 230,000 NAM; the second phase is from June 19, 21:00 to July 9, 21:00, with a prize pool of 1,198,572 NAM. The system will distribute rewards hourly based on the proportion of users' staked assets. Namada is a Layer-1 blockchain project based on Proof of Stake (PoS), dedicated to building a multi-chain composable privacy layer. The project is developed in Rust and implements cross-chain communication through the CometBFT consensus mechanism and IBC, aiming to provide data protection services for existing chains, DApps, tokens, and NFTs. The total supply of the project token NAM is 1 billion.
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The L1 Blockchain project Defx has completed a $2.5 million seed funding round, with participation from Pantera Capital and others.

Defx has completed a $2.5 million seed round financing, focusing on a privacy-centric L1 Blockchain project aimed at providing a high-performance DEX, utilizing zk-SNARKs technology to protect order information and ensure on-chain verifiability.
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XION launched its flagship mobile development trap "Dave", opening up Web3 access to 18 million developers.

BlockBeats News, on June 3, XION, the first walletless Layer 1 blockchain dedicated to promoting the mainstreaming of Web3, today officially released its flagship mobile development kit - Dave, which will open Web3 channels to more than 18 million mobile developers and 5.8 billion mobile users worldwide. Dave supports native iOS and Android, and developers can achieve on-chain authentication and interaction through a process similar to Google OAuth without the need to connect to a wallet or jump link, truly integrating the blockchain into mainstream apps "invisibly". This revolution dramatically lowers the barrier to entry for Web3 applications, truly making Web3 as easy to use as Web2." XION founder Burnt
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2025 Mainstream EVM Public Chain Ecosystem Assessment and Investment Opportunities Analysis

Introduction With the rapid development of blockchain technology, the competition among EVM-compatible public chains is becoming increasingly intense. From market share to technological innovation, from developer ecosystems to investment opportunities, major public chains are showcasing unique advantages across different dimensions. This article will provide an in-depth analysis of the strength comparison among mainstream EVM public chains, offering comprehensive market insights for developers and investors. Mainstream EVM Public Chain Ecosystem Strength Ranking and Market Share Analysis In the blockchain market of 2025, the competition among EVM-compatible public chains is becoming increasingly fierce. According to the latest data, Ethereum still maintains its dominant position with a market share of 42%. Following closely is BNB Chain with an 18% share. Avalanche and Polygon rank third and fourth with 12% and 10% shares, respectively. Notably, the emerging public chains Arbitrum and Optimism have rapidly risen over the past year, capturing market share.
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15% Ethereum validators support raising the Gas limit again

Gate News bot news, based on data from Ethereum researcher Toni Wahrstätter's dashboard gaslimit.pics, over 150,000 Ethereum validators (about 15% of the total network) have expressed support for significantly increasing the gas limit of the blockchain. This move could further enhance the transaction throughput of Ethereum Layer 1. The new proposal aims to raise Ethereum's gas limit to 60 million units, nearly double the current 36 million units.
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UFC star McGregor is interested in major alts such as XRP and SOL.

Gate News bot news, five-time UFC champion Conor McGregor recently revealed his interest in XRP in a post on X, stating that he is exploring various decentralization claims of Blockchain, such as Cardano and XRP. McGregor pointed out that he was initially told that only Bitcoin and Ether were the "truly decentralized" networks. However, the U.S. government decided to establish a digital money reserve that includes XRP, Solana (SOL), and Cardano (ADA), which piqued his curiosity and prompted him to seek opinions from the crypto assets community about these networks.
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Bitlayer collaborates with Antpool, F2Pool, and SpiderPool to enhance Bitcoin DeFi

Gate News bot message, the Bitcoin Layer 2 project Bitlayer has partnered with three major Bitcoin mining pools: Antpool, F2Pool, and SpiderPool, to accelerate the practical application of BitVM. These three pools account for over 36% of the total Bitcoin computing power (hashrate), and they have agreed to support Non-Standard Transactions (NST), which is a key part of BitVM's challenge-response mechanism. Their support eliminates a critical bottleneck in the deployment of BitVM, thus promoting the widespread application of the system.
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Former Aptos co-founder and CEO: Holds a considerable SUI Position, still holding about 98% of APT.

Mo Shaikh, the former co-founder and CEO of Aptos, stated on May 13 that he still holds about 98% of his APT tokens and has a SUI position. After announcing his resignation last year, he continues to serve as a strategic advisor, committed to making Aptos the most mature Layer 1 in the financial sector.
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The HYPE futures contract had an open interest of $2.06 billion, ranking fifth

Gate News bot, Coinglass data shows that as of the time of writing, the value of active or open interest in global HYPE futures (perpetual and standard contracts) has reached $2.06 billion, ranking fifth among cryptocurrencies. HYPE is ahead of Dogecoin and many other cryptocurrencies with higher market caps in the futures market, which may indicate the growing popularity of dedicated blockchain products. Hyperliquid is a decentralized exchange focused on providing an on-chain perpetual contract futures market, built on its own Layer 1 blockchain. According to the data source@uwusanauwu Dune-based tracker, Hyperliquid accounted for 60% of the total $94.3 billion in on-chain perpetual contract trading volume last week.
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RISE Chain completes $4 million financing, with participation from Galaxy Ventures.

Odaily News focuses on low latency Layer 2 blockchain RISE Chain announcing the completion of a new round of financing of $4 million, with Galaxy Digital's venture capital arm Galaxy Ventures participating. The total amount of financing for the project has reached $8 million, and the new funds will be used to promote its mainnet launch to build a high-throughput, low-latency blockchain. (CoinDesk)
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Nasdaq-listed company Oblong raises $7.5 million and launches digital asset strategy

Oblong, Inc. announced the signing of a securities purchase agreement with investors to privately issue 1,989,392 shares of common stock at $3.77 per share, raising approximately $7.5 million, which will be used for a Bittensor-based artificial intelligence and digital asset strategy.
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Cyvers Alerts: Nervos Network was hacked for 3 million dollars in Crypto Assets.

Cyvers Alerts reported suspicious transactions in Nervos Network's Bitcoin Layer 2 solution, resulting in approximately 3 million dollars worth of Crypto Assets being stolen. The stolen assets were converted to Ether and transferred to TornadoCash. Nervos Network has suspended the protocol and taken measures.
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Cyvers Alerts: Nervos Network was hacked for 3 million dollars in Crypto Assets.

Cyvers Alerts reported suspicious transactions in the Bitcoin Layer 2 solution of Nervos Network, resulting in approximately 3 million USD in Crypto Assets being stolen. The stolen assets were exchanged for Ether and transferred to TornadoCash. Nervos Network has suspended the protocol and taken measures.
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Solana Labs' spin-off company Anza proposed the Alpenglow plan, referred to as the "largest transformation of the Solana core protocol."

Solana Labs' development studio Anza announced a new underlying architecture called Alpenglow, marking a significant transformation of the Solana core protocol. This upgrade will replace Solana's existing TowerBFT attestation consensus mechanism and Proof of History Timestamp system with Votor and Rotor components, which is considered a turning point for Solana.
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Sei Labs releases the Sei Giga White Paper, aiming to become an EVM L1 Blockchain that supports multiple proposers.

Sei Labs released the Sei Giga White Paper, introducing its Layer 1 EVM-based blockchain solution. Technical features include 5 Ggas throughput, 200,000 TPS processing capability, 400 milliseconds confirmation time, and a new EVM execution client. Through asynchronous submission and Autobahn consensus, the solution boosts throughput by 50 times while maintaining compatibility with Ether. The project aims to meet the demand for high-performance underlying infrastructure in Web3 applications and has completed the core development phase.
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Vitalik published an article discussing a new type of Node model to promote individual users running local Nodes.

BlockBeats news, on May 19, Vitalik published an article on the ethresear forum discussing how to reduce the difficulty of running local nodes (especially nodes run by individual users) while expanding the Ethereum mainchain (Layer 1, L1) to maintain decentralization and user privacy. The article proposes a multi-tiered strategy aimed at lowering the resource requirements for running Ethereum local nodes through short-term (EIP-4444, distributed storage, gas pricing adjustments), medium-term (stateless validation), and long-term (partially stateless nodes) measures. This not only helps with L1 expansion but also maintains the decentralization and user privacy of Ethereum, avoiding over-reliance on centralized RPC providers or costly encryption solutions. The article also introduces a new node model: partially stateless nodes (Partially
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The Ethereum Fusaka upgrade is set to introduce PeerDAS aimed at dropping costs between L2 and validators.

Ethereum core developers are turning their attention to the next major upgrade "Fusaka," scheduled to launch by the end of 2025. The new upgrade plan incorporates the PeerDAS proposal, aimed at dropping the operational costs of Layer 2 scaling solutions and validators. PeerDAS is a data availability sampling mechanism that is expected to optimize Ethereum's scaling capabilities, enhancing the network's scalability and decentralization features.
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The RWA protocol Spout will launch on the Pharos Testnet.

ChainCatcher news, the RWA protocol Spout announced that it will launch on the Testnet of the EVM Layer 1 Blockchain Pharos Network, aiming to bring real-world yields on-chain, issuing tokenized corporate bonds with built-in privacy protection.
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Stacks resumes block production and advises miners and signers to upgrade to v3.1.0.0.11.

According to Jinse Finance, after fixing a long-standing bug in the stacks-node memory pool synchronization logic, the Bitcoin Layer 2 project Stacks has resumed block production and suggests that miners and signers upgrade to v3.1.0.0.11. However, Stacks warns that performance may occasionally decline before all miners complete the upgrade, and urges the adoption of this solution as soon as possible to stabilize block production, with more fixes to follow. It is reported that this vulnerability can be traced back to 2020, but developers revealed that the issue only surfaced due to increased data load.
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Synthetix plans to shut down its Base network L2 deployment and refocus on the Ethereum Mainnet.

ChainCatcher news, the decentralized finance platform Synthetix announced that it will gradually suspend all Layer-2 deployments on the Base network on July 7, 2025, refocusing on the Ethereum Mainnet, and will disable Base trading and close the LP vault. The plan will be implemented in phases. Synthetix stated that the decision to gradually phase out its L2 deployment stems from ongoing infrastructure instability and liquidity fragmentation.
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Synthetix plans to shut down its Base network L2 deployment and refocus on the Ethereum Mainnet.

ChainCatcher news, the Decentralized Finance platform Synthetix announced that it will gradually discontinue all Layer-2 deployments on the Base network on July 7, 2025, refocusing on the Ethereum Mainnet, and will deactivate Base trading and close the LP vault. The plan will be implemented in phases. Synthetix stated that the decision to gradually phase out its L2 deployment stems from ongoing infrastructure instability and liquidity fragmentation.
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