TON Accelerator announced the launch of its $5 million Synergy program, designed to foster cross-chain product development between The Open Network (TON) and Mantle, an Ethereum Virtual Machine (EVM) partner, aiming to connect founders and developers to TON’s user base and access to $90 billion in cross-chain liquidity. Applications for the program’s second cohort are currently open and will remain so until March 5th.

The accelerator is targeting projects in the Seed, Pre-Seed, and minimum viab

The Monetary Authority of Singapore (MAS) revealed its strategy to enhance tokenization within the financial services sector by forming commercial networks to increase the liquidity of tokenized assets and developing an ecosystem of market infrastructures. Additionally, MAS plans to support the creation of industry frameworks for implementing tokenized assets and facilitate access to a shared settlement facility for these assets. 

Under its Project Guardian initiative, the MAS has brought toget

Singapore-based cryptocurrency trading firm QCP Capital released a new market analysis indicating that Kamala Harris and Donald Trump are in a close contest, as the odds on Polymarket have aligned more closely with current poll estimates. While Polymarket odds still favor Trump at 55%, this figure has dropped from 66% just a week earlier.

Additionally, the market’s cautious sentiment is reflected in the sideways price movement over the weekend and the reduction in leveraged perpetual contract p

Modular compute layer and Rollup-as-a-Service (RaaS) platform, Lumoz announced plans to launch a large-scale airdrop event on November 5th. This airdrop will represent approximately 10% of the total supply, valued at around $30 million, with specific rules to be disclosed tomorrow.

As a leading modular hashing power layer and zero-knowledge (ZK) RaaS platform, Lumoz provides computational capabilities for Rollups, ZK-ML, and zero-knowledge proof (ZKP) verification through Proof-of-Work (PoW) mi

Multinational technology company Alibaba Group announced a downsizing of its metaverse department, resulting in the layoff of several employees at Yuanjing. This restructuring aims to enhance organizational efficiency and streamline operations.

The workforce reductions impacted Yuanjing’s offices in both Shanghai and Hangzhou, the capital of Zhejiang province. Established by Alibaba in 2021 during a surge of interest in the metaverse, Yuanjing was positioned to explore this emerging technology.

On October 30-31, Binance Blockchain Week 2024 got underway at Dubai’s Coca-Cola Arena with an energetic start and innovative conversations. The event, which attracted a record number of people, included a range of viewpoints from innovators and industry experts on topics such as the future of Web3, blockchain legislation, the role of AI in decentralization, and the Middle East’s potential as a worldwide center for technology.

Yi He’s Goal of Making Crypto Accessible

A fireside conversation wi

The proof-of-stake public network Hedera announced it has launched its liquidity layer, Bonzo Finance, which is aimed at providing both retail and institutional users with access to advanced decentralized borrowing and lending features unique to the Web3 landscape.

Bonzo Finance takes full advantage of Hedera’s Ethereum virtual machine (EVM) equivalence, tooling, and mirror node infrastructure, creating a symbiotic relationship that ensures high efficiency, low costs, and a user-friendly experi

Giovanni Cunti, the CEO of Gate.MT, a licensed cryptocurrency exchange regulated by the Malta Financial Services Authority and affiliated with the Gate Group, recently delivered a keynote address at Crypto Hub Malta. The event presented a networking opportunity for blockchain professionals, facilitating engaging discussions on industry trends and future projections.

In his presentation, Giovanni Cunti highlighted the evolution of blockchain technology and provided insights into upcoming develop

Originally based on innovative Layer 1 (L1) blockchains like Bitcoin and Ethereum, the blockchain industry has grown into a vast ecosystem with other L1 projects that all promise innovation, scalability, and decentralization. However, in a market that is becoming more and more cluttered, the growth of new L1 chains has brought up concerns over the true worth of these initiatives.

The dynamics of the area are also being altered by the emergence of Layer 2 (L2) solutions, which emphasize the poss

This week’s news in blockchain and finance is packed with big shifts and bold moves, showing just how fast the lines between digital and traditional assets are blurring. Major players are investing heavily in tokenized funds, solar-powered DeFi projects, and platforms that bridge traditional finance with digital assets, signaling a future where everything from T-bills to clean energy investments can be accessed with a click.

There’s also growing excitement around the potential of cross-chain pa

Community behind the decentralized finance (DeFi) lending protocol, Aave introduced a proposal to add wrapped staked ETH (wstETH) to Aave V3 on the BNB Chain. This addition aims to expand Aave’s accessibility across alternative blockchains and increase options for users on the BNB Chain. The voting is set to conclude on November 4th. 

wstETH is an ERC-20 token that serves as a value-accruing wrapper for staked ETH (stETH). While the balance of wstETH remains static with each oracle update, its

Bitcoin restaking platform, BounceBit released detailed information on its upcoming migration to CeDeFi V2.

According to the announcement, the V1 contract and front-end interface will be deactivated at 7 AM UTC on November 4th. After this time, users will no longer be able to stake or unstake funds, although the claim function will remain available for any unredeemed tokens following unstaking. BounceBit’s collaboration with Ethena will continue within the V1 contract, with BB rewards merged in

Decentralized portfolio management protocol SingularityDAO announced the completion of a community vote regarding its proposed merger with Cogito Finance and SelfKey. SDAO holders voted decisively in favor of the merger, allowing SingularityDAO to move forward with its plans to establish Singularity Finance, an Ethereum Virtual Machine (EVM) Layer 2 solution designed for tokenizing the AI economy.

“We’re grateful to all SDAO holders for participating in this pivotal governance vote and having t

Organization responsible for promoting projects on The Open Network (TON) blockchain, TON Foundation introduced the Society DAO, a new governance model.

This governance framework is designed to enhance decentralization, transparency, inclusion, competition, autonomy, participation, and resilience by democratizing access to financial, socio-political, and human capital.

Society DAO will serve as the organizing body for essential ecosystem functions and will include founding members such as TON

The explosive growth of prediction markets, particularly in gaming, has created unique opportunities for innovative streaming platforms. In this interview, Casey Grooms, co-founder of Soulbound, discusses how his platform is revolutionizing game streaming by integrating prediction markets with traditional content creation. Casey shares insights on Soulbound’s strategy to enhance viewer engagement, create new revenue streams for streamers, and bridge the gap between Web2 and Web3 gaming communiti

Ethereum Layer 2 network Optimism announced its support for ERC-7683, a cross-chain intent messaging standard designed to unify liquidity across Ethereum Layer 2 networks.

Developed by Across and Uniswap Labs, ERC-7683 facilitates the development of a unified application programming interface (API) for systems that perform cross-chain trades. It includes a general cross-chain order structure and establishes a standardized smart contract interface for settlement.

By adopting ERC-7683, cross-cha

Layer 1 blockchain, ZetaChain announced that it has resumed activity and is now successfully generating blocks, with transactions on the network processing as expected following a six-hour outage.

Currently, the team keeps actively monitoring any residual issues and reviewing pending cross-chain transactions. The explorer and indexer tools are anticipated to be back online shortly, and new ZetaChain transactions are expected to process as usual.

Meanwhile, cross-chain transactions are experien

Skale Labs and DFZ Labs, the developers of the well-known Deadfellaz NFT series, have partnered to release a brand-new trading card game called Death Touch. This mobile-first game, which will be created on Skale’s gas-free blockchain and is anticipated to launch in the first quarter of 2025, is intended to appeal to both web3 fans and conventional gamers.

When co-founders Psych and Betty introduced the Deadfellaz collection on Ethereum in 2021, they immediately gained a passionate audience know

Ethereum Layer 2 network Scroll announced the release of its Scroll SDK and Gadgets, advancing its goal of making blockchain accessible to a wider audience.

The Scroll SDK provides a production-ready toolkit for deploying independent blockchain networks, secured by zkEVM technology developed by Scroll and designed to meet varied application requirements without compromising security or efficiency. With Scroll SDK, users can launch their own Layer 2 networks by setting chain parameters through t