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.
The global crypto market cap pushed another 2% to $3.22T as majors continue to grind up; BTC +1% at $93,780; ETH +2% at $3,240, SOL +3% at $139; XRP led up 12% to $2.37 RENDER (+18%), SUI (+18%) and LIT (+15%) led top movers. Bank of America formally launched its crypto recommendations for wealth clients with up to 4% portfolio allocation. Morgan Stanley filed for a Solana Trust with the SEC. Goldman Sachs upgraded Coinbase to a ‘Buy’ rating today while simultaneously downgrading eToro. Japan’s finance minister endorsed deeper crypto integration, including lower taxes and exchange-level reforms. Vitalik Buterin claimed Ethereum has effectively solved the “Blockchain Trilemma” by balancing decentralization and scalability through its Layer-2 roadmap. Kraken is investigating reports that customer data is allegedly for sale on the dark web following a potential security exploit. Ledger users are on high alert as the hardware wallet provider faces a data breach involving its e-commerce partner, Global-E, exposing customer contact details.
The global crypto market cap pushed another 2% to $3.22T as majors continue to grind up; BTC +1% at $93,780; ETH +2% at $3,240, SOL +3% at $139; XRP led up 12% to $2.37 RENDER (+18%), SUI (+18%) and LIT (+15%) led top movers. Bank of America formally launched its crypto recommendations for wealth clients with up to 4% portfolio allocation. Morgan Stanley filed for a Solana Trust with the SEC. Goldman Sachs upgraded Coinbase to a ‘Buy’ rating today while simultaneously downgrading eToro. Japan’s finance minister endorsed deeper crypto integration, including lower taxes and exchange-level reforms. Vitalik Buterin claimed Ethereum has effectively solved the “Blockchain Trilemma” by balancing decentralization and scalability through its Layer-2 roadmap. Kraken is investigating reports that customer data is allegedly for sale on the dark web following a potential security exploit. Ledger users are on high alert as the hardware wallet provider faces a data breach involving its e-commerce partner, Global-E, exposing customer contact details.
