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Tron (#TRX ) memecoin maker Sun Pump Meme has generated over $1.1 million in revenue just 11 days after launch.
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Binance Labs Invests in Corn to Simplify Bitcoin’s Use in DeFi Binance Labs, the investment arm of cryptocurrency exchange Binance, announced that it has invested in a project called Corn to facilitate the use of Bitcoin in the decentralized finance (DeFi) space. Corn aims to ensure a more effective integration of Bitcoin into the DeFi ecosystem. This investment has the potential to encourage the growth of Bitcoin-based DeFi projects and provide access to a wider audience in the cryptocurrency world. Corn’s development team plans to make the project stand out with user-friendly interfaces and reliable infrastructure. In this way, users will be able to use their Bitcoin investments more securely and easily in DeFi protocols. This strategic partnership is considered to be an indication of Binance Labs’ importance to the cryptocurrency ecosystem and innovative projects. This collaboration with Corn will contribute to Bitcoin’s wider adoption in the DeFi world.
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Breaking News: Binance Announces Investment in the Bitcoin Ecosystem. Binance, which announced that it has invested in Corn, a yield network focused on Bitcoin, is doing this to facilitate Bitcoin's growth in the DeFi space. Corn is an Ethereum Layer 2 network focused on establishing a decentralized finance (DeFi) center for Bitcoin. Binance Co-Founder Yi He wrote the following for this initiative that combines #Bitcoin and decentralized finance; “#BinanceLabs is committed to supporting early-stage innovation that delivers meaningful and sustainable impact. We are happy to support Corn as it develops a utility-focused ecosystem that centers on #Bitcoin and enables it to be used more effectively and efficiently in DeFi.” Corn's first investment round was an important move as Binance support continued as mainnet work continued. In the future, the project may launch an investment round for more capital.
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Ethereum-Based Status Forms Critical Partnership with Linea for Layer 2 Rollup. Status, the increasingly popular decentralized messaging app launched on Ethereum, has formed a strategic alliance with Linea, a zkEVM Layer 2 blockchain backed by ConsenSys. The partnership aims to leverage Linea’s advanced zkEVM technology to create a scalable Layer 2 rollup solution that aims to overcome Ethereum’s long-standing challenges of high fees and low transaction throughput. Through this collaboration, Status contributors will gain access to Linea’s open source code and actively participate in managing a parallel version of the codebase. The goal is to diversify client and validator support and increase interoperability between the Status Network and Linea. According to Nicolas Liochon, Global Leader at Linea, this partnership is a natural fit due to Status’ contributions to core Ethereum operations and its consumer-focused application Status Messenger. The foundation of this initiative is the zero-knowledge Ethereum Virtual Machine (zkEVM) technology. This technology is critical to Linea’s mission to scale Ethereum. By using zkEVM Layer 2 rollup solutions, Linea aims to overcome significant hurdles such as high fees and limited transaction capacity, thus providing a more efficient and user-friendly experience on the Ethereum blockchain. The partnership aims to decentralize the sorting and validation processes for Linea, making them more resilient and efficient. In addition, pioneering initiatives will be launched in areas such as public finance, social applications, GameFi, and governance experiments, thus enriching the #Ethereum ecosystem. Durum’s Nimbus consensus client will also be adapted to work as the Linea client, further increasing the synergy between the two platforms. The alliance between Durum and Linea will make significant progress in the #Ethereum space. By focusing on zkEVM technology and Layer 2 rollup solutions, the partnership promises to deliver a more decentralized and efficient blockchain ecosystem.
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