Bitcoin's 'Euphoric Phase' 🤩
In today’s edition:🚀 Solana's transaction speed boost, 🪐 Metaplanet follows in MicroStrategy's footsteps, 🌐 Bitcoin liquid staking in Cosmos, and more!
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Union is the first sovereign interoperability layer pioneering trustless bridging between appchains, L1s, and L2s without depending on trusted third parties, oracles, multi-signatures, or MPC. Looking to future-proof blockchain bridging, it is the only protocol that fully addresses the sovereign bridging trilemma, unlocking a horizontally-scaled future.
Polygon Labs CEO Marc Boiron and co-founder Brendan Farmer discussed everything about the AggLayer, a decentralized protocol built by Polygon that enables fast, secure cross-chain interactions and allows different chains to use the same native bridge. This allows users to seamlessly move assets across chains in the AggLayer ecosystem.
The AggLayer aims to unify blockspace so that it feels like a single chain, improving user experience. Boiron and Farmer also discussed the potential for Layer 2 solutions to scale Ethereum, the benefits of zero-knowledge technology, and the future of Polygon’s proof-of-stake chain.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
What’s Poppin’?
by Michael Bodley, Sam Sriram and Sage Young
Bitcoin Market Transitions to ‘Euphoric Phase’: Glassnode
The magnitude of spot trade volume is equivalent to the levels seen during the 2020 to 2021 bull market, said analysts at Glassnode.
Solana Community Pass ‘Timely Vote Credits’ Proposal to Speed Up Transactions
A new incentive structure that rewards validators with more credits for processing transactions quicker could speed up block confirmations on Solana.
How Japan’s Metaplanet Successfully Ripped a Page Out of MicroStrategy’s BTC Playbook
Tokyo-based Metaplanet said it planned to make bitcoin the single biggest holding on its corporate balance sheet, and its stock soared 90% as a result.
Bitcoin Liquid Staking Token Coming to Cosmos as LST Interest Surges
Nomic, a Bitcoin sidechain, is set to launch a bitcoin liquid staking token within the Cosmos ecosystem through a collaboration with Babylon, a bitcoin staking protocol.
Daily Bits…✍️✍️✍️
💡 EigenLayer and EigenDA debut on Ethereum's mainnet after securing $12 billion in deposits, offering restaking and data availability services to enhance the blockchain's security and efficiency.
🛡️ In court, Avraham Eisenberg's defense claimed his Mango Markets “winning” trading strategy was lawful, despite accusations of fraud and market manipulation by the prosecution.
📊 Zeta Markets, a DeFi app on Solana, unveiled the governance token Z, aiming to bolster the community and reward participation with a 10% initial airdrop to members.
👨⚖️ Early Ethereum adviser Steven Nerayoff filed a $9.6 billion lawsuit against the US government, claiming charges against him were unjustly fabricated during a four-year legal ordeal.
🦊 MetaMask integrated with onchain project Daylight, enabling users to easily check for airdrop eligibility and NFT claims across various blockchains within their wallet interface.
🇹🇼 ACE Exchange founder David Pan and six others were indicted in Taiwan on fraud and money laundering charges, involving a scheme that defrauded investors of over $10.7 million through the "Alfred Wallet" service.
The $$$ Corner…
💰 Monad Labs secured $225M led by Paradigm to develop an Ethereum-compatible blockchain with faster processing capabilities, promising significant transaction speed improvements.
💼 Bitcoin's new layer 2 network Mezo emerged with a $21 million backing led by Pantera Capital, aiming to expand Bitcoin's utility with smart contract infrastructure and yield-earning opportunities for token holders.
What Do You Meme?
Recommended Reads
Unchained: What Are Externally Owned Accounts (EOAs) in Ethereum?
DL News: Tether’s $500m Bitcoin mining push is just about ready as halving looms, CEO Paolo Ardoino says
The Defiant: Sushi Team Under Fire For Proposed Treasury Takeover
📈 Your Market Update 📉
BTC is down 2.4%, trading at $68,832
ETH is down 3.2%, trading at $3,507
BTC dominance: 50.05%
Crypto market cap: $2.71T
*All data as of today, 06:32 am ET. Source: CoinGecko
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