Author: NBTC

Offchain Labs, the company behind Arbitrum, has acquired smart account infrastructure provider ZeroDev in a move that signals its ambitions beyond scaling infrastructure. The deal, which brings ZeroDev’s five-person team fully into Offchain Labs, represents what CEO Steven Goldfeder calls “a very logical next iteration” of the company’s mission. Founded in 2018, Offchain Labs initially focused on scaling Ethereum with optimistic rollups. But Goldfeder says the broader goal has always been “to solve the hardest problems that are standing in the way of bringing blockchain technology to mass adoption.” In that light, the acquisition isn’t a pivot, Goldfeder told Blockworks.…

MetaMask has unlocked on-chain incentives for Card users. Individuals can earn 2.4% fixed APR on Aave USDC borrowing and lending through Linea. AAVE price has extended daily gains following the news. Crypto wallet MetaMask has partnered with Brevis and Linea to launch a unique reward program for users of its digital Card. The initiative allows individuals to earn passive income, starting with a 2.4% fixed annual percentage (APR) on USDC borrowing and lending through Aave on the Linea platform. 🦊 @MetaMask Card just got a ZK Turbocharge — powered by Brevis. Boost your USDC lending or borrowing on @Aave @LineaBuild…

Crypto traders betting against a price increase for Ethereum (ETH), the second-largest cryptocurrency by market cap, just took a hit. In the last 24 hours alone, Ethereum short liquidations rose to $111.27 million, significantly outpacing Bitcoin’s $34.71 million. This marks a staggering 370% higher, indicating that ETH bears were caught flat-footed. Ethereum rose sharply to a high of $3843 in the early Thursday session, with bulls building on an earlier rebound in the Wednesday session from a low of $3,563. The intraday surge from $3,647 to $3,843 caught bearish traders off guard, resulting in significant liquidations. CoinGlass highlighted the wipeout…

Spheron Network is excited to announce its support for HeLa Labs to transform the future of blockchain performance. HeLa Labs aims to establish a modular Layer 1 architecture that brings flexibility, long-term evolution, and performance. Through this collaboration, Hela Network is set to build a modular layer-1 for artificial intelligence (AI), gaming, and finance with decentralized GPU power. Imagine building a next-gen blockchain, one that adapts to new tech, runs AI workloads, and scales across real-world sectors like gaming, DePIN, and finance.That’s what @Hela_Network is doing with their modular Layer-1 network. Their architecture is built for flexibility and… pic.twitter.com/ijNbZhqSOG —…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Lightspeed has exclusively learned that Maple — one of Solana’s largest onchain asset managers — is bringing its yield-bearing syrupUSDC stablecoin into perpetual futures markets operated by Drift, Solana’s flagship perps DEX. Drift, known for its deep onchain liquidity and capital-efficient margins, will accept syrupUSDC as margin collateral, allowing traders to earn a 7-8% APY on their margin while trading. This will be the first time the exchange has allowed a collateral asset to serve dual purposes, earning yield while backing positions — sweetened by $100,000 in…

Key Takeaways SharpLink Gaming secured $200 million to expand its Ether holdings. The company’s ETH treasury is expected to exceed $2 billion after the funding deployment. SharpLink Gaming secured $200 million in funding from four global institutional investors through a registered direct offering, the company announced today. “SharpLink is proud to be joined by globally-recognized institutional investors, augmenting our strong existing investor base and further validating our mission to be the world’s leading ETH treasury,” said Joseph Chalom, SharpLink’s Co-Chief Executive Officer, in a statement. A.G.P./Alliance Global Partners is serving as the lead placement agent, with Société Générale as a…

Coinbase is teaming up with Squads to bolster the adoption of the USDC stablecoin on the Solana blockchain. Summary Coinbase and Squads have joined forces to boost USDC adoption on Solana. The initiative builds on Squads’ securing of over $1 million in USDC across its product suite. Coinbase announced the relaunch of its Stablecoin Bootstrap Fund aimed at bolstering DeFi liquidity with stablecoins. Squads, a decentralized finance layer on Solana (SOL), announced the strategic partnership with Coinbase on Aug. 13, noting the collaboration aims at expanding the adoption of USDC (USDC) on the Solana blockchain. The partnership with Squads comes…

Uniswap’s multi-year fee switch saga may finally be coming to a close, and UNI is rallying as holders are seeing light at the end of the tunnel. UNI is up 25% over the last week, and 6% today, fueled by a recent proposal to establish a nonprofit legal structure for Uniswap Governance that is registered in the state of Wyoming. UNI Chart – CoinGecko The new structure is known as a Decentralized Unincorporated Nonprofit Association, or DUNA, and Uniswap’s will be referred to as DUNI. Analysts and traders are operating under the assumption that DUNI paves the way for Uniswap…

Ethereum price has moved into a strong bull run, a trend that may continue as its top metrics jump to a record high. Summary Ethereum price is on the cusp of a strong bullish breakout. The stablecoin supply in the network has jumped to a record high. Spot ETH ETF inflows are still continuing this week. Ethereum (ETH) jumped over 3% to reach a high of $3,840, its highest level since July 31. The price has climbed 15% from this month’s low and is now up 175% from its April bottom. Top Ethereum metrics have surged to an all-time high…

VitaminAi, a popular AI agent marketplace, has begun a new partnership with Forcefi, a prominent matchmaking company. The collaboration focuses on linking emerging blockchain projects with veteran contributors (or Curators). In line with the official announcement shared by VitaminAi on X, the move endeavors to fill the critical gaps existing in overall project development. In this respect, it provides legal advisory, business expansion, fundraising, and marketing to fortify Web3 innovation. 📢 Announcing our partnership with @Forcefi_io – a powerful matchmaking platform connecting early-stage projects with qualified contributors, known as Curators.By addressing challenges like limited traction, poor networks, and lack of…