Babylon is launching phase 2 of their Bitcoin staking testnet, Testnet-4, on June 5th.
This testnet is open to various participants in the crypto space, including Bitcoin holders, validators, and wallet providers. This builds on their earlier announcement about the initial launch of Testnet-4.
TrueFi, a blockchain-based project, has officially launched on the X platform, marking a collaboration with Cicada, a chain credit risk management project. This partnership enables TrueFi to extend its chain credit capabilities to Arbitrum, expanding its reach and services.
FLOKI has announced that DWF Labs has committed to buying $12 million worth of FLOKI tokens to support the FLOKI ecosystem. The purchase will be made up of tokens bought from the market and tokens drawn from the Floki treasury.
Ethena Labs' USDe stablecoin has swiftly reached a $3 billion supply, making it the fastest USD asset to hit this mark within four months of its February launch.
Term Structure, a new DeFi project on Ethereum, is now live! It allows borrowing and lending crypto at fixed rates, similar to traditional bond markets.
The launch aims to revolutionize the way liquidity is provided between lenders and borrowers in DeFi.
Dapper Labs settles lawsuit over NBA Top Shot NFTs being securities. Dapper Labs will pay the plaintiffs $4 million, which includes compensation for the plaintiffs' claims and legal costs.
As part of the settlement, Dapper Labs has agreed to make certain business changes, including:
• Transferring all its FLOW tokens to the Flow Foundation • Allowing third-party markets other than Dapper to trade NBA Top Shot NFTs • Processing withdrawals more promptly
Connext, a blockchain connection platform, is revamping itself as Everclear. As part of this transformation, Everclear is developing a new "clearing layer" to address challenges related to intent rebalancing and settlement in cross-chain bridges.
Everclear will serve as the foundation of a modular stack, utilizing:
• An open intent resolver network • Everclear chain, an optimistic Rollup
Matter Labs, the team behind ZkSync, gave up on trying to trademark "ZK" after facing criticism from the crypto community.
The company had previously filed to trademark the term "zero-knowledge" (ZK) in nine countries, which sparked a dispute with Polyhedra Network over the use of ZK as a ticker symbol.
UXUY and Moonchain are launching a new project, Blueberry Ring, inspired by Lord of the Rings. It's a wearable mining ring that tracks your health and rewards you with $HEALTH tokens.
⚡️ Subscription: 2024/06/03 10:00 to 06/09 10:00 (UTC) ⚡️ Price: Whitelist Users: $119 --- Public Sale Users: $169 ⚡️ Whitelist: Hold at least 12,000 INDS grants a 100% guaranteed allocation.
Render Network, a 3D rendering platform, is offering grants! Their foundation will give funding, tech support, and community resources to projects that benefit the network. This includes development, educational materials, community events, and more.
NexGami announced the completion of a $2.5 million seed round of financing, led by Metalpha, with participation from KuCoin Ventures, HTX Ventures, Gate Labs, Ledger Capital, Tide Group, OIG, XT.com, Lbank, Kekkai, IBC Group and several well-known investors.
AMD is bringing new AI accelerators every year! They just revealed the MI325X with top-of-the-line memory, coming in Q4 2024. This is part of their plan to be the leader in AI processing power.