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Sandeep Nailwal Takes the Helm as Polygon Foundation CEO Amidst Strategic Overhaul
Sandeep Nailwal, co-founder of Polygon, has officially taken on the role of CEO of the Polygon Foundation, marking a significant shift in the organization's leadership and a major revamp of its long-term strategy. Nailwal, who launched the project in 2017 under the name Matic Network, will now oversee the consolidation of control and the reorientation of the team towards AggLayer, Polygon's new c…
June 11, 2025, 10 a.m.
Tech
Bitcoin Core 30 Set to Increase OP_RETURN Data Limit Following Developer Discussion
The development team behind Bitcoin Core, the open-source software driving the world's largest cryptocurrency's blockchain, has announced that the default limit for OP_RETURN data transactions will be increased from 80 bytes to nearly 4MB in the October version 30 release. This change, confirmed through a GitHub update, follows a period of debate within the Bitcoin community. Critics have raised …
June 10, 2025, 11:43 a.m.
Tech
RISE Chain Receives $4M Investment from Galaxy to Drive Development of Ultra-High-Speed Layer-2 Solution
RISE Chain, a layer-2 blockchain platform prioritizing exceptional speed and minimal latency, has successfully secured a $4 million investment from Galaxy Ventures, the venture capital arm of Galaxy Digital. This strategic investment brings the total capital raised by RISE to $8 million, following initial support from notable figures in the crypto space, including Ethereum co-founder Vitalik Bute…
June 6, 2025, 6:20 p.m.
Tech
Taiwanese Crypto Exchange BitoPro Confirms $11 Million Cyber Heist, Assures Users' Funds Are Secure
BitoPro, a Taiwan-based cryptocurrency exchange, has acknowledged a cyberattack that took place in May, resulting in the theft of over $11 million from an outdated hot wallet. The company promptly replenished the stolen funds and transferred its assets to new wallets to prevent any further losses. The security incident, which was first identified by ZachXBT, a renowned blockchain sleuth, occurred…
June 6, 2025, 6:29 a.m.
Tech
Ethereum Foundation Introduces Revised Treasury Policy with 15% Operational Expense Limit
The Ethereum Foundation recently published a revised treasury policy, outlining a series of initiatives aimed at ensuring the organization's long-term viability, sustainability, and credibility. As a central player in the Ethereum blockchain ecosystem, the foundation employs researchers, developers, and community liaisons, and has been allocated a significant amount of ether tokens since Ethereum…
June 5, 2025, 3:52 p.m.
Tech
Plume Unveils Genesis Mainnet, Revolutionizing DeFi with Real-World Assets
Plume, a blockchain platform specializing in integrating real-world assets into the DeFi ecosystem, has officially launched its highly anticipated Genesis mainnet. According to the Plume team, this launch signifies a major leap forward in the evolution of DeFi, enabling the tokenization of traditional financial instruments and real-world assets, thereby allowing them to interact seamlessly with b…
June 5, 2025, 3 p.m.
Tech
Galaxy and Fireblocks to Launch Nodes on Botanix, a Bitcoin Layer-2 Network
Botanix Labs has recently partnered with several major players in the crypto industry to operate nodes on its Bitcoin layer-2 network. Among the 16 new node operators are Galaxy, a digital asset financial services firm founded by Mike Novogratz, and Fireblocks, a specialist in crypto custody. These operators are expected to go live once the Botanix mainnet is launched later this quarter. By creat…
June 5, 2025, 2 p.m.
Tech
Berachain Unveils Bectra Upgrade, Embracing Ethereum's Pectra Playbook
Berachain is poised to become the first non-Ethereum Layer-1 blockchain to fully integrate Pectra's execution-layer features with its Bectra hard fork, scheduled to go live on Wednesday. This upgrade will grant over 100 applications on the chain access to enhanced tools, revolutionizing the way users and developers interact with the platform. As an EVM-identical chain leveraging a unique Proof-of…
June 4, 2025, 1 p.m.
Tech
Introducing Relay: Symbiotic's Breakthrough for Secure Cross-Chain Staking
Symbiotic, a pioneering universal staking protocol, has unveiled Relay, a groundbreaking software development kit (SDK) that empowers protocols to stake assets on Ethereum and verify the stake across any blockchain, thereby enhancing the security and efficiency of decentralized applications. This novel solution allows for the creation of verifiable, secure coordination layers, facilitating the de…
June 3, 2025, 2 p.m.
Tech
Ethereum Foundation Restructures R&D Team and Lays Off Staff
In a recent move, the Ethereum Foundation has reorganized its research and development team, resulting in the departure of some staff members. This change is part of a larger effort to reorient the organization's focus towards addressing critical protocol design challenges. The foundation, a Switzerland-based nonprofit, has been under scrutiny for its management and strategic direction, with some…
June 2, 2025, 9:13 p.m.