Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain
Alongside the new entities, Fantom raised $10 million in a funding round that will go towards Sonic’s ecosystem development.
Technology
Plume, Layer-2 Blockchain for Real-World Assets, Pulls $10M in Seed Funding from Haun, Galaxy
Plume plans to make it possible for people to easily – and compliantly – bring real-world assets (RWAs) like real estate and collectibles onto blockchains.
The Protocol: EIGEN Riches Tempt Ethereum Devs, Even as ETF Approval Nears
There’s been tension among members of the Ethereum developer community – even though the ETH price is mooning due to growing anticipation that U.S. regulators might give the green light to spot ether ETFs.
Protocol Village: Oobit Collaboration With TON Lets Users Spend Tether Sent Over Telegram
The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 16-22.
Internet Computer-Based ‘Bitfinity EVM’ Launches as Bitcoin L2, Supports Runes
The Bitfinity EVM is designed to allow developers to Bitcoin-based Solidity smart contracts, allowing them to transfer BTC, Ordinals and Runes.
How MIT Brothers Allegedly Cheated a Noxious-But-Accepted Ethereum Practice for $25M
First there was “The Bait.” Then there was “Unblinding the block,” followed by “The Search,” and ultimately “The Propagation.” U.S. prosecutors detailed an incredibly complicated Ethereum exploit in an indictment.
The Protocol: Lido Backers vs EigenLayer
In this week’s issue, we’ve got the scoop on a new possible rival to restaking pioneer EigenLayer. PLUS Are meme coins an investable asset class? With the latest Runes data and $70M of project fundraisings.
Sonne Finance Token Drops 60% After $20M Exploit on Optimism
Attackers stole ether, velo and stablecoins before developers mitigated the hack and paused operations. Sonne’s markets on the Base blockchain were not affected.
Vitalik Buterin’s Ethereum Wallet Proposal, Scribbled in 22 Minutes, Gets Positive Reviews
After a technical proposal to improve Ethereum wallets met with some opposition, a familiar figure swooped in last week to devise an alternative.
DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper
Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion’s share of protocol revenues back to liquidity providers.