Frax Finance’s Layer 2 Fraxtal to Debut in February: Founder
Kazemian expects Fraxtal to debut with a bang, attracting at least several hundred million dollars worth of crypto assets in the first month.
Technology
The Protocol: MetaMask’s Secret Weapon and Ethereum’s Dencun Debacle
In this issue of CoinDesk’s weekly newsletter on blockchain technology, we bring you Sam Kessler’s scoop on MetaMask’s in-development “intents” feature that could revolutionize how users interact with blockchains. Also: a post-mortem on Ethereum’s unexpectedly ugly Dencun testnet upgrade – and a glimpse of one of the new data blobs.
MetaMask’s Secret Project Could Shake Up How Ethereum Works
MetaMask is quietly testing new tech that uses third parties to route user transactions. It will eventually be made available outside of MetaMask and will be closely scrutinized for how it manages to avoid centralization concerns.
Chainlink Teams Up With Circle to Allow Cross-Chain Stablecoin Transfers
The integration allows developers to build cross-chain use cases via Chainlink’s CCIP that involve multichain transfers of Circle’s USDC stablecoin.
In Failed Bitfinex Exploit Attempt, Billions in XRP Moved
The failed token transfers spooked some market watchers as they amounted to nearly half of XRP’s $30 billion market capitalization.
Taproot Wizards, Bitcoin Ordinals Project That Raised $7.5M, to Sell ‘Quantum Cats’ Collection
The “NFTs on Bitcoin” project has capitalized on the popularity of the controversial Ordinals protocol, which has generated a flurry of interest in the original blockchain but added to congestion and higher fees.
Telcoin Restores User Balances After Exploit, Records 400% Increase in Deposits
The issue apparently resulted from a fault in the interaction between Telcoin’s digital wallet and a proxy contract that incorrectly performed certain storage functions.
Steward of Bitcoin Software Explains Why She Nixed an Acrimonious Code Debate
“All it was doing was generating noise,” the Bitcoin Core maintainer Ava Chow says of Luke Dashjr’s pull request, which would have severely curtailed the use of Ordinals.
We Tried Fox’s Blockchain-Based Tool for Deepfake Detection. Here’s How It Went
Fox’s new blockchain tool might not help consumers suss out deep fakes, but it could be a boon to publishers struggling to navigate the AI age. We kicked the tires on the new technology.
Making Sense of Web3’s Burgeoning AI Ecosystem
Although the intersection of Web3 and AI has great potential, there is a lot of confusion about this emerging technology in the market today. Mapping out the GPU supply chain, layers of the tech stack, and various competitive landscapes can help investors better understand the ecosystem and make more informed investment decisions, says David Attermann, at M31 Capital.