Coinbase's Base network, led by creator Jesse Pollak, is "imminently" launching 1:1-backed tokenized equities, inspired by Robinhood Chain's success in an EVM environment. This move accelerates Base's strategic pivot towards financial applications, shifting from its earlier focus on social products.
Robinhood has launched its Ethereum layer-2 blockchain, Robinhood Chain, built with Arbitrum technology. The network supports tokenized real-world assets like stocks and ETFs, and integrates with DeFi applications, aiming to expand financial ownership globally.
Part 3 of a Bitcoin covenant series explains SIGHASH_ANYPREVOUT (BIP 118), a soft-fork upgrade allowing signatures to authorize spending any compatible UTXO, not just a specific one. It removes the outpoint commitment, enabling signature reuse for Layer-2 protocols and covenant-like applications, but introduces replay risks.
Part 3 of a Bitcoin covenant series details SIGHASH_ANYPREVOUT (BIP 118), a proposed soft-fork upgrade. It allows signatures to authorize spending compatible UTXOs without committing to a specific outpoint, enhancing Layer-2 protocols but introducing replay risks.
Robinhood launched its "AI-native" Ethereum Layer-2, Robinhood Chain, enabling tokenized stocks for DeFi. Venice AI secured $65M at a $1B valuation, becoming a unicorn. Crypto majors saw significant gains, with SOL up 10%.
Ethereum layer-2 blockchain Taiko has fully restored operations and reopened its bridge after an exploit on June 21 drained up to $1.7 million in crypto assets. The project announced on Thursday that users can now move funds, having completed a four-step recovery plan including security fixes and bridge backing.
Le Crédit Agricole, via sa filiale CACEIS, a lancé l'EURXT, un stablecoin adossé à l'euro, et l'a utilisé pour régler une souscription dans un fonds monétaire tokenisé d'Amundi. Ce jeton ERC-20, conforme à MiCA, vise les clients institutionnels pour des règlements on-chain.
Robinhood has launched the public mainnet of Robinhood Chain, an "AI-native" Ethereum layer-2 network. The Arbitrum-powered network aims to bridge traditional finance and DeFi, starting with Stock Tokens and supporting AI agent trading. Shares rose over 8% on the news.
Coinbase's Base layer-2 network suffered two outages due to a sequencer bug, halting block production for 116 and 20 minutes, respectively. A post-mortem revealed a bug in block-building logic causing 'stale journal state' after transaction validation failures.
Base, Coinbase's Ethereum layer-2 network, experienced an outage lasting over two hours on Thursday due to a block production issue. The network is now back online and proceeding with a planned upgrade, following a partial outage affecting withdrawals last month.
LG Electronics is developing a new digital advertising platform using its own layer-2 blockchain network in collaboration with Arbitrum. The platform aims to streamline ad placement, buying, and selling by removing intermediaries. LG completed a pilot and is considering a market launch later this year.
Botanix is winding down its Bitcoin-based layer-2 network, citing a lack of product-market fit and low fees. Users have until July 9 to withdraw funds. The project raised $8.5 million in 2024.
Botanix Labs announced it will shut down its Bitcoin Layer-2 network in about four years, citing a lack of demand for decentralized finance (DeFi) on Bitcoin. Despite no hacks and millions in assets, the economic model failed to sustain itself.
The International Holding Company (IHC) completed a 110 million dirham ($30 million) transaction using the DDSC stablecoin on ADI Chain, marking one of the largest disclosed stablecoin transfers in the UAE. This follows regulatory approval for the dirham-backed stablecoin ecosystem.
Ethereum layer-2 network MegaETH will unlock its native MEGA token over time, and reward it to users, as key benchmarks are met.
The hard fork will introduce a new, competing layer-1 blockchain and seven layer-2 scaling networks, according to Sztorc's announcement.
The Shariah-compliant stablecoin backed by Gulf currencies expands to a new Layer-2 network aimed at institutional settlement in the Middle East.
The Ronin gaming network will slash RON token inflation from over 20% to less than 1% while introducing automated developer rewards.
OP Labs launched Privacy Boost, a privacy solution for OP Mainnet that enables private transfers and DeFi interactions while supporting KYC compliance. The technology uses zero-knowledge proofs and Trusted Execution Environments to provide self-custody with auditable environments. OP Labs aims to create a privacy layer any protocol can plug into, competing with networks like Canton that limit transaction visibility. The company recently cut 20 employees and the OP token has dropped 83% in the past year.
