[ad_1] This is a segment from the Lightspeed newsletter. To read full editions, subscribe. As Solana continues to cement itself as the most performant layer-1 blockchain by speed and cost, some crypto developers have gained an interest in using the technology underpinning Solana to launch new blockchains of their own. To wit, there are around two dozen of these Solana Virtual Machine chains — counting layer-1s, layer-2s built on various other blockchains, and application-specific chains. But for simplicity’s sake, here are the layer-1s trying to out-Solana Solana: Fogo Fogo is a forthcoming layer-1 that says it wants to push the…
Author: NBTC
[ad_1] Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The recent crypto market pullback may have caught many off guard, but it also did something useful—it forced the DeFi community to talk about an important topic we usually ignore in a bull market hype: risk management. You might also like: DeFi needs more interoperability, not apps or infra | Opinion In March 2025, Hyperliquid—one of the most respected DeFi platforms—was rocked by two market manipulation events. One was a massive long position on Ethereum (ETH),…
[ad_1] The New York State Attorney General asked the U.S. Securities and Exchange Commission to openly declare Ethereum’s ether (ETH) was a security, not a commodity, during the state’s prosecution of KuCoin in 2023, according to a document revealed by Coinbase Inc. in a trove of agency communications released on Wednesday. Shamiso Maswoswe, chief of the Investor Protection Bureau for the New York AG, hoped the federal watchdog would weigh in during the court dispute by filing a brief on its ETH view, according to a document produced through a Freedom of Information Act request Coinbase filed with the SEC.…
[ad_1] The team behind the official TRUMP meme coin sparks rug pull concerns among traders after removing $4.6 million from its liquidity pool ahead of a $320 million token unlock. In a recent post, on-chat data analysis from LookOnChain revealed that developers of the presidential meme coin previously extracted a large chunk of USD Coins (USDC) from its liquidity pool, worth $4.6 million. The USDC pile is later bridged to Ethereum (ETH) before they were deposited into Coinbase Prime. Coinbase Prime is a brokerage platform that is mainly used for institutional investors. It offers institutional traders a variety of on-chain…
[ad_1] According to the latest data from CryptoRank, RWA protocols have recorded another significant milestone, with an aggregate TVL now stands at $22 billion across decentralized platforms, an increase of $11 billion from last month’s $11 billion TVL. This rise in TVL indicates the rising acceptance of tokenized traditional financial products within the Web3 world. The TVL is spread across 85 decentralized platforms, with the top major ones highlighted below. Securitize сrosses $3.5B in RWA valueWhile total RWA value has reached $22B, @Securitize holds a 31% share among RWA protocols, driven by @BlackRock $BUILD, which increased its supply by 46%…
[ad_1] One of the Uniswap DAO’s top contributors walked away in frustration on Monday amid concerns that other stakeholders wield too much power over the decentralised protocol. Pepo, a pseudonymous delegate whom other token holders entrusted to vote on their behalf, had participated in Uniswap’s governance since 2023. He wielded 455,000 UNI tokens, making him one of the top 20 largest delegates. The reason for the departure? Other organisations involved in the running of Uniswap — primarily the nonprofit Uniswap Foundation — have pushed aside the opinions of DAO members and have been unreceptive to feedback, Pepo said in an…
[ad_1] Circle CEO Jeremy Allaire has broken the silence on the Ethereum Pectra upgrade and its impact in the digital space. In a recent update shared on X, Allaire describes it as a pivotal improvement for on-chain usability. Ethereum Pectra as SSL/TLS moment for Web3 Notably, Allaire explained that the upgrade is crucial for stablecoins like his company’s USDC, which pegs its value to the U.S. dollar for stability. He compared the milestone achievement to the early days of internet development, when SSL/TLS encryption was added to the first web browsers. For clarity, SSL/TLS encryption protocols made online commerce and…
[ad_1] Digital currencies traded in the red on Wednesday as Bitcoin failed to hold above the key region of $85,000. Amidst the uncertainty, layer1 blockchain Sui Network attained a crucial milestone in its DeFi journey. Sui announced that the market cap of stablecoin USDC on its blockchain surpassed $545 million, reflecting increasing user trust and ecosystem maturity. More than half a billion USDC on Sui! USDC on Sui just crossed ~$545M in total market cap. 12:30 AM · Apr 16, 2025 The rapid USDC growth on the platform represents a vital indicator as it confirms soaring transaction volumes, rising liquidity,…
[ad_1] Blockchain landscape is going through a stunning growth, with several blockchain ecosystems showing notable rise. As per the data provided by CryptoRank.io, the prominent blockchain networks in terms of TVL growth include Unichain, Movement, EDU Chain, Hyperliquid, Proton, Fantom, Soneium, and Hemi. This remarkable growth highlights the surging confidence in the blockchain sector. Top Chains by TVL Growth in April@unichain +5,278%@movementlabsxyz +4,158%@educhain_xyz +2,717%@HyperliquidX +162%Proton +74.8%@FantomFDN +66.3%@soneium +65.6%@hemi_xyz +56.6% pic.twitter.com/1KK92oeCb7 — CryptoRank.io (@CryptoRank_io) May 6, 2025 Unichain Dominates Top Blockchain Networks in Terms of TVL Surge in April According to CryptoRank.io’s data, Unichain is atop the blockchain networks when it…
[ad_1] Liquid staking is coming to IOTA’s DeFi ecosystem, potentially boosting its liquidity and capital efficiency. Liquid staking is coming to IOTA. On Wednesday, May 7, liquid staking solution Swirl launched on the IOTA (IOTA) mainnet. According to the protocol, it is the first liquid staking solution on the IOTA layer 1 network. 5.5.2025 → A new IOTA begins.Built on nearly a decade of research.Inspired by the best of Web3. Committed to open-source values🔗 https://t.co/CR2O6rocM4Smart contracts, decentralization, real-world adoption – just 2 weeks to launch🧵⤵️ 1/4 pic.twitter.com/Q7UzJk6zac — IOTA (@iota) April 22, 2025 With Swirl, users can earn IOTA staking…