Protocol Village: Movement Labs Says ‘Move Virtual Machine’ to Use Celestia, Snowman
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 23-29, with live updates throughout.
Technology
Ethereum Layer 2 Blast Has Crypto Users Split on Its Impact
Blast, a layer-2 blockchain that will go live in March, has garnered more than $225 million in staked assets since Monday, but many crypto investors remain skeptical.
KyberSwap DEX Hacked for $48 Million, Attacker Teases Negotiations
Decentralized Exchange had over $80 million in total value locked before the incident.
Bitcoin’s Anti-Censorship Ethos Surfaces After Mining Pool F2Pool Acknowledges ‘Filter’
After a blockchain sleuth reported that the Bitcoin mining pool may have censored a transaction from an address blacklisted by U.S. authorities, critics responded, and so did the project’s co-founder.
The Protocol: CZ’s out, Altman’s in, and Kraken’s Sued
In this week’s edition of The Protocol newsletter, we share a few trends stand out to close 2023: the proliferation of Ethereum layer-2 networks, the ascendancy of zero-knowledge cryptography and the appearance of tokens, smart contracts and now file hosting on the Bitcoin blockchain.
Justin Sun Confirms HTX, Heco Chain Exploited After $100M in Suspicious Transfers
HTX withdrawals and deposits have been temporarily suspended, and all losses will be covered by the exchange, Sun said.
Sam Altman to Return as OpenAI CEO Following In-Principle Agreement
“I’m looking forward to returning to openai, and building on our strong partnership with msft (Microsoft),” Altman said in a post early Wednesday.
New Ethereum Layer 2 Blast Attracts $30M Hours After Bridge Goes Live
Blast boasts prominent investors Paradigm and eGirl Capital among others, but there’s no way to withdraw funds until February.
The PYTH Airdrop Is Finally Here. But What Is Pyth Network?
Pyth Network’s speed-focused oracle service aims to challenge Chainlink as the go-to data source for blockchain finance.
Bitcoin Ordinals Token Ecosystem Emerges as Latest Crypto Play, Led by ORDI Hype
Overall capitalization of such tokens has risen over 21% in the past 24 hours, outperforming most other token sectors.