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Optimism Partners with Flashbots to Enhance OP Stack Transaction Processing
In a bid to revolutionize transaction processing across its OP Stack ecosystem, Optimism has joined forces with Flashbots, aiming to significantly enhance the speed and customizability of some of Ethereum's most prominent layer-2 networks. The partnership zeroes in on sequencing, a behind-the-scenes mechanism that dictates how quickly transactions are confirmed, which trades receive priority, and…
Aug. 21, 2025, 1 p.m.
Tech
SoFi Technologies Partners with Lightspark to Introduce Bitcoin Lightning Network for Remittances
Welcome to CoinDesk's weekly cryptocurrency tech development update, presented by Margaux Nijkerk and Jamie Crawley. This issue features key network news, including SoFi Technologies' partnership with Lightspark to utilize the Bitcoin Lightning Network for real-time international money transfers. SoFi's remittance service, expected to launch later this year, will enable users to send U.S. dollars…
Aug. 20, 2025, 4:49 p.m.
Tech
Hyperbeat Receives $5.2M Investment from ether.Fi and Electric Capital
Hyperbeat, the driving force behind yield infrastructure on the Hyperliquid decentralized exchange, has successfully completed a $5.2 million seed funding round, co-led by prominent investors ether.fi Ventures and Electric Capital. This investment will be channeled into developing yield infrastructure for traders, protocols, and institutions operating within the Hyperliquid ecosystem. The funding…
Aug. 15, 2025, 1 p.m.
Tech
Ethereum Sees Surge in Transaction Volume Amid Rising Prices and Lower DeFi Costs
Ethereum's daily transaction count has been on a consistent upward trend, nearing its all-time high of 1.9 million transactions per day achieved in January 2024. This surge has garnered attention from both individual traders and institutional observers, reflecting a blend of technical advancements, positive market sentiment, and renewed interest in on-chain activities. Data from Etherscan indicat…
Aug. 11, 2025, 6:41 p.m.
Tech
Crypto Scammers Utilize AI-Generated YouTube Videos to Steal $1 Million
A recent report by SentinelLABS has uncovered a scam that has drained over $1 million from crypto users through malicious smart contracts disguised as MEV trading bots. The scammers used AI-generated YouTube videos, aged accounts, and complex Solidity code to evade detection and gain access to cryptocurrency wallets. These videos featured AI-generated avatars and voices, allowing the scammers to …
Aug. 7, 2025, 8:30 a.m.
Tech
Babylon Launches Decentralized Bitcoin Storage Solution for Staking Protocol
The Babylon project has made significant strides in providing a decentralized finance experience on its $5 billion staking protocol, akin to those found in other cryptocurrency ecosystems. A key development in this endeavor is the introduction of trustless vaults, designed to facilitate the secure storage and management of digital assets without reliance on a central authority. These vaults utili…
Aug. 6, 2025, 6 p.m.
Tech
Solana's Mobile Device for Crypto Enthusiasts Starts Shipping
Welcome to our weekly cryptocurrency tech development roundup. This issue features network news, including the launch of Solana's Seeker phone, designed specifically for active Solana users. The device boasts improved user experience, mobile-first crypto usability, and a $500 price point, with 150,000 pre-orders from over 50 countries. In other news, Coinbase's Base network experienced a 33-minut…
Aug. 6, 2025, 5:34 p.m.
Tech
Solana's Seeker Phone Revolutionizes Crypto Experience with Enhanced Usability
The Solana Seeker phone is a game-changer in the world of crypto, offering a unique blend of usability and security. Unlike its predecessor, the Saga, the Seeker has been reimagined to provide a seamless user experience, with a focus on streamlining transactions and making crypto more accessible on-the-go. Weighing in at a lower price point of $500, the Seeker is poised to bring the Solana ecosys…
Aug. 6, 2025, 1 p.m.
Tech
Base Network Experiences 33-Minute Block Production Halt Due to Sequencer Failure
According to a post-mortem report, the Base network, developed by Coinbase, experienced a 33-minute block production halt on August 5 due to a sequencer failover that did not recover as expected. The issue began when the active sequencer fell behind schedule due to congestion from on-chain activity at 06:07 UTC. Although the Conductor module, a core component of the OP Stack designed to maintain …
Aug. 6, 2025, 7:35 a.m.
Tech
Coinbase Expands Development Platform with Embedded Wallets for Seamless Web3 Integration
Coinbase has launched a new tool within its Coinbase Developer Platform, allowing developers to seamlessly integrate self-custodial wallets into their applications. The Embedded Wallets software development kit (SDK) offers a range of built-in features, including cryptocurrency onramps, token swaps, and an annual return of 4.1% on USDC balances, effectively eliminating the trade-off between user …
Aug. 5, 2025, 4 p.m.