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Uncovering the Token Dump Scandal: Hidden Agreements and Suspicious Dealings
The Movement cryptocurrency project, endorsed by Donald Trump's World Liberty Financial, has been embroiled in a token-dumping scandal. A financial deal intended to launch the MOVE crypto token backfired, leading to a steep price drop and allegations of insider dealing. An investigation by CoinDesk has uncovered secret contracts, shadow advisers, and hidden middlemen, including a company called R…
April 30, 2025, 11 a.m.
Tech
Relaxing Bitcoin's Data Limits Sparks Debate Over Blockchain's Purpose
The Bitcoin community is once again embroiled in a heated discussion over the role of data storage on the blockchain, with a proposed change to remove the 80-byte limit on OP_RETURN data sparking intense debate. This feature allows users to attach small amounts of extra data to transactions, often used for notes, timestamps, or digital records. The proposed change, put forward by developer Peter …
April 30, 2025, 8:44 a.m.
Tech
Coinbase's Base Network Reaches Significant Decentralization Milestone
Coinbase's Base, a prominent layer-2 network, has achieved 'stage 1' status, marking a crucial step towards full decentralization. This transition brings Base in line with other layer-2 networks that have reached this milestone, resulting in reduced reliance on centralized entities. A newly established security council, comprising ten independent entities from around the globe, will be responsibl…
April 29, 2025, 4 p.m.
Tech
Ethereum Transaction Speed May Surge to 2,000 TPS with Ambitious Proposal
On Sunday, Ethereum Foundation researcher Dankrad Feist submitted a proposal known as Ethereum Improvement Proposal 9698. The plan involves allowing the blockchain's gas limit to increase automatically over the course of four years. Feist, known for his work on scaling the Ethereum network, including the 'danksharding' component of the Dencun update, has introduced a deterministic exponential sch…
April 28, 2025, 12:43 p.m.
Tech
North Korean Cyber Operatives Infiltrate US Crypto Sector via Shell Companies
A subgroup of the notorious Lazarus Group, backed by North Korea, has been discreetly establishing shell companies in the US, specifically in New York and New Mexico, as a means to infiltrate and compromise cryptocurrency developers, according to a report by Silent Push, a cybersecurity firm. The hackers, posing as US tech entrepreneurs, created two fictitious businesses, Blocknovas and Softglide…
April 25, 2025, 7:15 a.m.
Tech
Polygon Introduces Aggregator Program, Offering Up to 15% Token Airdrops to POL Stakers for Successful Projects
Polygon has unveiled the Agglayer Breakout Program, a comprehensive initiative designed to support projects developed on the Agglayer and Polygon proof-of-stake ecosystems, thereby benefiting POL token stakers. This program combines incubation, community-driven funding, and hands-on support from Polygon Labs to facilitate the launch and growth of projects. Successful projects will airdrop between…
April 24, 2025, 1 p.m.
Tech
The Future of Ethereum: Could RISC-V Replace the EVM?
Get the latest insights on cryptocurrency tech development in The Protocol, CoinDesk's weekly newsletter. This issue explores Ethereum co-founder Vitalik Buterin's proposal to replace the Ethereum Virtual Machine with RISC-V, a move that could improve efficiency and simplicity. Also, Matter Labs is sued for alleged intellectual property theft, Scroll launches its Euclid upgrade, and EigenLayer in…
April 23, 2025, 8:49 p.m.
Tech
Citrea Introduces Bitcoin Rollup Bridge to Address DeFi Collateral Limitations
A pioneering project focused on enhancing Bitcoin's capabilities is addressing the collateral constraints associated with bridging the blockchain to programmable layer 2 solutions. Citrea's deployment of the Clementine Bridge on the Bitcoin testnet leverages the BitVM2 programming language to facilitate decentralized finance (DeFi) on Bitcoin, enabling verification of fully programmable layer 2s …
April 23, 2025, 4:25 p.m.
Tech
Symbiotic Secures $29M in Funding Led by Pantera to Expand Its Staking Capabilities
Symbiotic, a restaking protocol designed to rival EigenLayer, has announced the successful completion of a $29 million Series A funding round. The funding, led by Pantera Capital and participated in by Coinbase Ventures and over 100 angel investors, will be utilized to expand the current team and contribute to the development of the protocol's Universal Staking framework. This expansion will enab…
April 23, 2025, 1 p.m.
Tech
Scroll's Layer 2 Network Achieves Major Milestone with Euclid Upgrade Amid Record Low TVL
Scroll, an Ethereum layer-2 network, has announced the launch of its Euclid upgrade, which marks a significant transformation in the protocol's history. According to Scroll Labs, this upgrade transitions Scroll from a "stage 0" to a "stage 1" rollup, allowing the network to retire some centrally-controlled safety features and become more decentralized. The Scroll team described Euclid as the "big…
April 23, 2025, 1 p.m.