GraFun, a memecoin launchpad and trading platform on the BNB Chain, has joined Season 8 of Binance Labs’ MVB (Most Valuable Builder) Program. The platform introduces a Fair Curve feature, designed to promote fair launches and foster long-term investments in memecoins.
Chainlink successfully launched data streams on the Solana blockchain. This advancement enables Solana users to access high-frequency, sub-second market data supported by Chainlink’s reliable, decentralized infrastructure, enhancing data accessibility within the ecosystem.
FTX is in a legal battle with KuCoin as its subsidiary, Alameda Research, is suing KuCoin to recover $50 million in locked funds. Alameda claims KuCoin refused to release assets that were initially valued at $28 million but have since appreciated.
pSTAKE Finance has expanded its offerings by launching the $PSTAKE token on the Sui Layer 2 blockchain. This expansion is made possible via the cross-chain bridging protocol, Wormhole $W. The new $PSTAKE/SUI liquidity pool is now live on the Cetus platform, broadening the reach and functionality of pSTAKE’s DeFi service.
Optimism has made a significant commitment to the Kraken exchange by agreeing to provide $42.5 million worth of OP tokens. This Layer-2 deal not only involves token distribution but also paves the way for Kraken to adopt Optimism’s OP Stack, signaling a collaborative effort towards scaling and enhancing Ethereum’s capabilities.
MANTRA has formed a new partnership with Google Cloud, aimed at integrating USDT on the Aptos blockchain. This integration is expected to deliver low gas fees, described as “costing only a fraction of a penny.” Additionally, Tether recently showcased a preview of its Local AI development kit, emphasizing its reliance on peer-to-peer technology.
Consensys has decided to reduce its workforce by 20%, as announced by CEO Joe Lubin. The decision is attributed to the challenging macroeconomic environment and the company’s prolonged regulatory disputes, both of which have created financial headwinds for the blockchain technology firm.
These updates reflect the ongoing evolution and adaptation within the blockchain and crypto industries as companies navigate technological advancements, legal battles, partnerships, and economic pressures.
