The new technology from Union Labs comes after the blockchain interoperability project raised $4 million in November.
OG Bitcoin L2 Stacks Is Getting a Major Overhaul
The Nakamoto update will decouple block production from Bitcoin itself, solving the problem of network congestion Stacks has had since it launched its mainnet in 2021.
Chainlink Aims to Make Transfers Across Blockchains Safer with New Bridge App ‘Transporter’
The bridge leverages Chainlink’s CCIP tech, and allows users to transfer crypto assets across multiple blockchains, starting with Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX.
Socket, Bungee Restart Operations After Apparent $3.3M Exploit
The platform experienced a security incident late Tuesday that affected wallets with infinite approvals to Socket contracts, developers said.
Orbit Chain Loses $81M in Cross-Chain Bridge Exploit
Orbit Chain, a platform that interacts and transacts with various blockchains, has lost $81 million after hackers exploited the platform’s cross-chain bridge.
The Death of Compromise, and a Way Forward for Crypto
Kim Greenberg of CoinDesk Indices finds a lesson for crypto in LEGO.
Bitcoin needs Ethereum VM to reach its full potential — Web3 exec
Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.
Canto, Astar blockchains plan migration to Ethereum ecoystem as layer 2s
By inheriting Ethereum’s security, Canto will be more decentralized and will enable trustless guarantees when bridging assets over, Polygon Labs said.
Coinbase, Framework Venture Funds Invest $5M in Socket Protocol, in Bet on Blockchain Interoperability
The fundraise comes as interoperability protocols have attracted investors, despite the bear market.
DeFi Protocol Synapse Responds to Selling Pressure With 17% Bounce
The native token of Synapse, a decentralized finance (DeFi) protocol designed to transfer data to cross-chain bridges, has bounced by more than 17% from a low of $0.30 after a liquidity provider sold its SYN tokens on Monday.
Connext Airdrop Marred by $38K Sybil Bot Attack
Connext Network, a protocol that interacts with native blockchain bridges to optimize security, is the subject of intense scrutiny after one wallet appears to have exploited its NEXT token airdrop.
USDC will launch natively on Base network ‘next week’ — Jeremy Allaire
Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version.
Multichain victims search for answers in $1.5B exploit as new evidence emerges
Chinese police may have busted Multichain in a money laundering investigation, but many questions remain, including its CEO’s alleged fake ID.
LiFi launches multi-bridge governance solution after Uniswap debate
The new bridge aggregator allows cross-chain DAOs to only accept votes confirmed by more than one bridge.
Crypto Lender Exactly Hit by $12M Bridge Exploit
Exactly Protocol, a decentralized credit market on the Optimism (OP) blockchain, has been targeted by a bridge exploit worth as much as $12 million.
Base launches mainnet bridge UI for end-users, sets Aug. 9 for official launch
Coinbase’s Base network began onboarding end-users through a bridge UI, and the team announced Aug. 9 as the platform’s official launch date.
Coinbase Sets Public Launch of ‘Base’ Layer 2 Blockchain for Next Week
Users will be able to bridge their ETH starting Thursday, with the official launch of the main network for Aug. 9
Shibarium Blockchain’s Ethereum Bridge Goes Live for Testing as SHIB Tries to Shed Meme Coin Tag
The Shiba Inu-based layer 2 blockchain is expected to start operations next month.
Bridge Protocol LayerZero Passes 50M Cross-Chain Messages
The milestone highlights the demand for crypto users to transfer liquidity between chains and conduct cross-chain token swaps.
Wormhole Launches New Bridge Connecting to any Cosmos Appchain
The Wormhole Gateway is designed to make it easier for developers and users to on-ramp liquidity into the Cosmos ecosystem.