Defi
Optimism in collaboration with Succintlabs is building OP Succinct— an upgradeable path to convert ETH Rollups from optimistic verification to zkp verification.
Nightshade 2.0 goes live on NEAR Mainnet, introducing Stateless Validation to incoporate Sharding in its core design for Greater Scalability
Sony is launching its own L2— Soneium, powered by OP Stack
Appchain protocol, Tanssi is expanding from Polkadot to Ethereum with its Symbiotic restaking protocol, enabling rapid deployment of decentralized networks (AVSs) in minutes, utilizing Ethereum's security.
Polygon announce Matic to POL token migration to happen on September 4
Templeton launches tokenized MMF (Money Market Fund) on Avax
Aave V3 will go live on zksync Era
Intuition, focused on tracking trust and reputation online, has announced the beta launch of its universal information protocol which offers tools for recording, tracking, and analyzing insights
Solv deposits 250 BTC to Babylon to fill Babylon Cap-1.
USDT to go live on Aptos
Drift protocol launch prediction market— BET
OpenZeppelin and Axelar announce collaboration to to create open-source developer resources for cross-chain communication.
Arbitrum Nova integrates Graph Subgraph. Arbitrum Nova mainnet is now available in Subgraph Studio
Galxe launch Gravity Alpha mainnet, an L1 omnichain smart-contract platform designed to solve Web3 fragmentation
Sonic labs introduce Sonic Boom to incentivize projects to develop dApps and attract users to the chain.
Status partners with Linea to launch their l2– Status Network. Linea and Status will operate in parallel, they’ll join Linea as the first contributor to its open-source code
Clearpool unveiled Ozean, the first RWA yield chain built on and supported by Optimism
MakerDAO securer Chronicle is launching its RWA oracle through integration with the M^0, stablecoin minting protocol
Justin Sun's USDD stablecoin no longer backed by Bitcoin, following 12k BTC removal from its collateral address
Zellic, a blockchain security audit provider, has acquired Paradigm-backed bug bounty platform Code4rena, which boasts the largest collection of security researchers in the industry.
Optimism introduce SUNNYs— an award ceremony eligible for projects in the Superchain with 540k OP in prizes
Magic Eden to launch token ME
StoryProtocol raise $80M in series B round led by a16z bringing total funding to $140M
Satlayer, BTC staking solution through Babylon , raises $8M preseed led by HackVC
Data oracle, Stork raise $4M seed led by Faction VC
Corn raise $6.7M seed round led by Polychain, backed by Binance etc, they use hybrid tokenized Bitcoin (BTCN) as gas to Super Yield network participants
BTC L2 network, Ark Labs raise $2.5M in preseed led by Draper Associates
State of the Market
Brazilian Securities and Exchange Commission approved second Solana ETF, it’ll be offered by Hashdex Brazil, asset manager with $962M AUM.
Tether to launch UAE Dirham pegged stablecoin
Russia to establish two crypto exchanges
Pavel Durov, founder of Telegram, arrested in France
Free speech!
Ze end 🐍