Sonic Labs, previously known as the Fantom Foundation, announced on Wednesday the launch of the Sonic Gateway, a decentralized and trustless bridge between Ethereum and Sonic. This new development aims to eliminate custody risks associated with cross-chain transactions. However, despite such advancements, the broader market sentiment remains cautious. Regulatory scrutiny continues to intensify globally, casting a shadow over the industry's growth prospects. Investors should remain vigilant as the regulatory landscape evolves, potentially impacting the adoption and stability of decentralized solutions.