Important changes are being made to how block.timestamp, block.number, and blockhash behave on the zkSync Era, Matter Labs developer relations engineer Antonio said on Github. Currently block.timestamp, block.number and blockhash return the timestamp, number and hash value of the L1 batch respectively. After this update is completed, the timestamp, number and hash value of the L2 block will be returned respectively.

Antonio said that many applications require higher temporal fidelity, which can be achieved by referencing L1 batches. With these changes, contracts will be able to be timed at the L2 block level (roughly every few seconds), this information is already available on the API, but with the new changes, developers will be able to access it directly within the smart contract. We are currently developing this change and will be testing the update process internally before moving to testnet and eventual mainnet.

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The total number of crypto users could reach 1 billion by 2030?

It took about 10 years for the number of crypto users to reach 100 million, and then the next 100 million users were added in just 3 years!

As of 2023, there are an estimated 420 million crypto users around the world. That's just 8.5% of the total number of people who use the internet, but it's a significant number nonetheless.

There are a number of factors that are driving the growth of crypto adoption, including the increasing popularity of DeFi, the growing acceptance of crypto projects by businesses and merchants, and the increasing awareness of the potential benefits of crypto, such as its security and its potential to reduce transaction fees.

It's still early days for the industry, but I'm very optimistic about the future. The growth rate of crypto adoption is very encouraging, and I believe that cryptocurrency has the potential to become a mainstream asset in the years to come.

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BNB Chain released the v1.2.9 version of the main network, which introduced the Plato and Hertz hard forks, which have been fully tested on the test network and are ready to be deployed on the main network. Plato is expected to deploy on August 10, and Hertz is expected to deploy on August 30.

BNB Chain stated that all validator nodes and full node operators of the mainnet must switch their software version to v1.2.9 by August 10, 2023.

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Blockchain-based credit marketplace Maple Finance said Wednesday it has opened up its cash management pool backed by tokenized Treasury bills (T-bills) to U.S. investors.

Maple is exempt from Section 506(c) of Regulation D (RegD) of the U.S. Securities and Exchange Commission (SEC). Prior to this, only non-US entities could access the Maple pool.

Cash management pools on Maple allow accredited investors, corporations, DAOs to park their idle USDC and USDT stablecoins in one-month U.S. Treasury bills and earn 4-5% annualized yield . The fund has attracted $22 million in deposits since it launched in April.

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UK-based fintech firm Revolut has announced the suspension of its cryptocurrency services in the US. The decision, which is affected by the changing regulatory environment and uncertainties in the U.S. cryptocurrency market, will take effect on September 2, 2023, after which time U.S. customers will no longer be able to purchase cryptocurrencies on the Revolut platform. Revolut will implement more comprehensive restrictions starting October 3, 2023, when U.S. customers will be completely prohibited from accessing cryptocurrencies through Revolut.

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South Korean digital lender and neobank Toss Bank completed a $153 million funding round in March 2023 and is about to raise another $154 million (200 billion won) at a $2.1 billion (2.7 trillion won) valuation, people familiar with the matter said. ) equity. In addition, the company has plans to raise another US$150 million by the end of the year. Toss Bank has raised more than $1.2 billion since its inception in 2021.

The new $154 million financing is expected to close by the end of the third quarter of this year, around September, according to the sources. The bank benefits from a partnership with Viva Republica, which has around 26 million users and 15 million monthly active users. Viva Republica offers a range of financial services such as banking, money transfers, mobile-based stock trading, credit scoring, P2P lending, and more.

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Tether's dollar-pegged cryptocurrency USDT has been the most popular and widely used stablecoin since its inception. As the stablecoin with the highest market capitalization ($83.1 billion) and trading volume ($82 billion in the last 24 hours), USDT is available on most digital asset exchanges and has a large share of decentralized finance protocols. It is also the number one stablecoin in the world.

Tether was established in 2014, formerly known as "Realcoin", whose name comes from the project that issued USDT stable currency.

Tether is a fiat-backed stablecoin that has enjoyed good price stability since its launch, with a few exceptions that have fallen short of expectations. Each USDT is already backed "one-to-one" by USD in the project's reserves. Therefore, 1 USDT is theoretically equivalent to 1 USD in Tether’s reserves, and its exchange rate value is equal to USD.

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