Zero-knowledge rollup ZKM has been unveiled out of incubation from the MetisDAO Foundation, saying it plans to make Ethereum the “universal settlement layer for all blockchain and non-blockchain applications.” With funding from the foundation that oversees development of Metis, a layer-2 Ethereum protocol, ZKM is developing a hybrid approach that combines Optmistic and Zero-Knowledge rollups into one, according to an emailed announcement on Thursday. Rollups are a way of bundling transactions to improve throughput and lower transaction costs. The system plans to start operating on the Et ..read more

Avail, a project spun out of Polygon earlier this year to handle data storage and verification for blockchains, launched its “data attestation bridge” on Friday, a new offering designed to reduce costs for layer 2 and layer 3 chains in the Ethereum ecosystem. The data attestation bridge helps secure data off-chain. It’s connected to Ethereum, and can be used by both zero-knowledge and optimistic rollups that use Ethereum as a base layer. Storing data on Ethereum can be expensive, so Avail aims to be a solution for layer 2s and 3s to publish data off-chain, to reduce the high transaction ..read more

Vitalik Buterin, a co-founder of Ethereum, the second largest cryptocurrency project by market cap, took a stance on the recent actions that the U.S. Securities and Exchange Commission (SEC) has taken in the field of enforcement against crypto. Buterin mentioned how projects like Solana were included in these legal actions and stated that the real competition was the “centralized world.” Vitalik Buterin Opens up on SEC Crypto Enforcement Actions Vitalik Buterin, a co-founder of Ethereum, has opened up on his thoughts about the recent crypto enforcement actions the U.S. Securities and Exchange ..read more

Sys Labs, the developer behind the Syscoin blockchain, which aims to combine Ethereum-style programmability with Bitcoin’s security, has launched a “layer 2” network called Rollux for cheaper and faster transactions. Like the main Syscoin blockchain, the Rollux network is compatible with the Ethereum Virtual Machine or EVM, the software that executes smart contracts on Ethereum. The project gets its security from Bitcoin miners via a process known as merged mining that originally was presented by Bitcoin inventor Satoshi Nakamoto in 2010. Just as layer 2 networks or “rollups” atop the E ..read more

Casa has added Ethereum support to its self-custody storage solutions, providing multisignature security for BTC and ETH. Cryptocurrency self-custody platform Casa has rolled out support for Ether (ETH) storage, touting its support for multisignature Bitcoin (BTC) and ETH self-storage as a first in the industry. Since its inception in 2016, Casa has promoted multisignature self-custody in the crypto industry. Its flagship Bitcoin vault allows users to store the cryptocurrency using up to five keys for more distributed security. Casa’s service originally catered to Bitcoin “whales” willin ..read more

Nikolaos Panigirtzoglou, a managing director at JPMorgan, believes the release of the Hinman docs in the Ripple vs. SEC case will influence crypto regulation. Panigirtzoglou stated this document release is likely to start a race for other cryptocurrency projects to become more decentralized and look “more like ethereum” to avoid being labeled as securities. JPMorgan Managing Director Nikolaos Panigirtzoglou: Hinman Docs Might Spark Decentralization Race Nikolaos Panigirtzoglou, managing director at JPMorgan, has recently examined the effect that the release of the Hinman docs, a series of int ..read more

P2P.org has brought its Ethereum staking service to Safe, the decentralized custody protocol that stores more than $38 billion in total assets, in a move that should make it easier for people to stake ETH without the requite physical infrastructure. Via P2P’s application, users on Safe can now stake their ETH directly “with just a few clicks whilst maintaining total ownership over their staked ETH,” said P2P CEO Alex Esin in the announcement Wednesday. Users who decide to stake 32 ETH – the minimum amount needed to stake on Ethereum – through the application will also have slashing protec ..read more

Chorus One, a provider of staking services for more than 40 blockchains and protocols including Ethereum, Solana, Cosmos and Polkadot, is joining a growing field of hosting service providers on the Urbit peer-to-peer network. The new hosting platform, called Red Horizon, marks the first foray onto the Urbit network by a major blockchain or technology player that was not originally building within the close-knit ecosystem, according to Chorus One’s Gary Lieberman. Urbit is a peer-to-peer network that works largely by giving each user a “personal server” to store their own data; when user ..read more

Embattled crypto lender Celsius Network is shaking up its ether (ETH) staking strategy, congesting the already month-long queue to activate new validators on the Ethereum network. Over the course of two days, the firm has been diligently moving ETH into staking contracts after redeeming some $813 million of staked ETH from liquid staking leader Lido Finance. Since June 1, Celsius has deposited some $745 million of ETH, data by Arkham Intelligence shows. The transfers have stretched the already long queue to establish new validators on the Ethereum network to 44 days, with Celsius potent ..read more

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