The protocol is currently focused on bridging the liquidity gaps between different Ethereum layer solutions.
Zhiyuan Sun
Zhiyuan Sun is a former writer at Cointelegraph. He covered technology-related news, with a focus on developments at the intersection of technology and finance. He has prior experience writing for financial media outlets including The Motley Fool, Nasdaq.com, and Seeking Alpha.
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Ethereum LSD solution Puffer Finance moves to based rollups after raising $18M - News
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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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Zero-knowledge Manta Network launches $50M ecosystem fund Early-stage projects building on Manta Network can receive up to $50,000 in grants.
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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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Base memecoin project Normie fires intern over offensive video The video, which had the caption, “Something is cooking in the Normie Labs,” was deemed distasteful.
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Centralized crypto exchange trading volume falls to $5.2T in May Trading volumes on CEXs have somewhat subsided after topping $9 trillion in March.
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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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Meet the women behind the world’s largest crypto exchanges Both former television hosts, Binance’s Yi He and Bitget’s Gracy Chen currently lead the world’s largest crypto exchanges by volume.
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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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Crypto insiders anxious and divided as spot Ether ETF decision looms Currently, betting markets indicate a 61% chance of U.S. spot Ether ETF approval, up from less than 11% just a few days ago.
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Crypto VCs are back in action amid market rally Series funding rounds have sprung back, albeit still remaining well below their all-time highs of $4.5 billion in monthly deals during the previous crypto market cycle.
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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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Unofficial GameStop memecoin surpasses $100M in market cap The Solana memecoin has soared more than 2,000% in the past week following the surge in GameStop’s stock.
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OKX surpasses 50% of Bitcoin Runes market share The protocol is now an integral part of the Bitcoin ecosystem alongside Ordinals and BRC-20 tokens.
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Binance co-founder and DWF Labs speak out against market manipulation allegations Both firms deny any involvement in the allegations brought forth by The Wall Street Journal.
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Blockchain education initiatives take off amid crypto bull market Despite strong demand for crypto-savvy workers, there exists a shortage of highly-experienced employees.
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Ethereum L2 EigenLayer is last of ‘life-changing airdrops,’ experts say Issues such as community discontent, farm accounts and restrictive criteria have plagued recent airdrops.
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Hong Kong spot Bitcoin and Ether ETFs struggle to gain traction The exchange-traded funds only managed to attract around $22.5 million in inflows during their first week of launch.
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Binance Wallet announces support for Bitcoin Atomical ARC-20 assets The Atomicals protocol provides a transparent, secure record of ownership and history for Bitcoin NFTs.