Presenting the most interesting and important crypto market events that recently took place.
1. Polygon (MATIC)
• Event: Rolled out upgrade migrating MATIC to POL
• Details: The upgrade establishes POL as the native gas and staking token. In the future, POL will secure other chains within Polygon’s broader “aggregated” network, including the AggLayer.
2. Arbitrum (ARB)
• Event: Introduced Arbitrum Stylus on mainnet
• Details: Stylus, a backward-compatible virtual machine, allows developers to build on Arbitrum using WebAssembly compatible languages such as Rust, WASM, and LLVM.
3. Ronin (RON)
• Event: Conducted 2 bridge audits following a hack
• Details: Ronin Bridge is an app for bridging ERC20 tokens and NFTs between Ethereum and the Ronin chain. Ronin Bridge serves as a multi-signature bridge.
4. Ethena (ENA)
• Event: Partnered with EigenLayer and Ether.fi
• Details: Ethena has partnered with EigenLayer and Ether.fi to introduce USDe as the first dollar-denominated token that can be used as security within its generalized shared security platform.
5. Binance (BNB)
• Event: Plans to unveil a BNSOL tool by the end of September
• Details: BNSOL tool will enable users to stake SOL tokens to earn a portion of fees paid out by the network and mint a liquid staking token.
6. Penpie (PNP)
• Event: Exploited for $27M worth of various crypto assets
• Details: The attacker drained $27M worth of various types of staked $ETH, Ethena’s sUSDR, and wrapped $USDC. Following the exploit, Penpie’s token $PNP declined 40% in total during the day.
7. Matter Labs
• Event: Cuts workforce by 16% amid ZKsync Era slump
• Details: ZKsync has had the highest seven-day moving average of transactions out of all ZK-powered Layer 2 Ethereum networks for much of this year but has fallen off over the past few months.
8. Mt. Gox
• Event: Former CEO plans to launch new exchange
• Details: Mark Karpeles, the former CEO of Mt. Gox, announced that his new crypto exchange will launch in Europe this month, with a focus on transparency and user-friendliness.
#CryptoMarketMoves #BNB #NOT🔥🔥🔥 #PowellAtJacksonHole
