The protocol is currently focused on bridging the liquidity gaps between different Ethereum layer solutions.
Zhiyuan Sun
Zhiyuan sun is an editor at Cointelegraph focusing on technology-related news. He has several years of experience writing for major financial media outlets such as The Motley Fool, Nasdaq.com and Seeking Alpha.
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Mirror World CEO on building Solana game engine after $12M raise The firm currently develops Solana’s only SDK designed to onboard GameFi developers to the blockchain.
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Solana gaming studio Mirror World raises $12M in funding The firm’s Sonic protocol, launched in March, is the first gaming rollup on Solana that allows developers to create SVM chains for their GameFi projects.
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Coinbase International announces support for pre-launch market Users will be able to trade futures of soon-to-be-listed tokens and coins on the exchange.
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Curve founder repays 93% of $10M bad debt stemming from liquidation The DeFi protocol’s native token plunged by 28% in a single day due to liquidations stemming from a hack attempt.
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Chinese President Xi Jinping praises blockchain exec in open letter Andrew Chi-Chih Yao, the recipient of the letter, is the chief scientist of the Conflux network and a professor at the country’s prestigious Tsinghua University.
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Japanese blockchain Astar proposes $38M token burn The tokens were initially reserved for a parachain slot on Polkadot but have since fallen out of use.
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Hong Kong crypto exchange license applications cost less than expected All unlicensed crypto exchanges have been kicked out of Hong Kong.
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Binance co-founder denies responsibility for $1M trading loss on hacked account The account was allegedly breached through the Google Chrome extension Aggr, which saves cookie login information.
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U.S. DOJ busts botnet boss for orchestrating $130M cyberscam Chinese national Yunhe Wang has been accused of hijacking over 19 million private IP addresses and reselling them to criminals for nefarious use.
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$2.7B worth of electricity spent on US Bitcoin mining in 2024 — analyst Miners' profitability were slashed after the Bitcoin Halving event in April dropped rewards from 6.25 BTC to 3.125 BTC per block.
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Huobi co-founder’s firm recovers 108% of deposits from FTX collapse The creditors' claims were sold for cash to Delaware-based Ceratosaurus Investors LLC.
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Binance affiliate Gopax sold Genesis creditor claims at steep discount: Report The Gopax exchange reportedly owes 100 billion Korean won in unreturned user staking deposits.
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Victim who lost $7M in Ethereum restaking exploit gets funds back A permit phishing attack appears to have siphoned 1,807 liquid staked Ether from the victim's wallet address.
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2025 to be ’a good year for crypto policy,’ industry experts say Betting markets are currently showing a 72% chance of a spot Ether ETF approval in the United States.
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GameFi studios are booming once again as crypto prices recover New Web3 gaming projects continue to enter the sector as the price of cryptocurrencies surge.
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Bitget Wallet launches $10M ecosystem fund alongside Onchain Layer The ecosystem fund is denominated in Bitget Wallet’s native token, BWB, which is scheduled for debut this quarter.
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