This is a segment from The Drop newsletter. To read full editions, subscribe. Arbitrum’s gaming investment group is offering Ronin up to 750,000 ARB spread across three consecutive years to join them as an “Orbit” chain. Currently, that’s worth about $367,500, which doesn’t seem like a whole lot. But in this down-and-out gaming market, maybe
The projects with the most active users on a weekly basis in the cryptocurrency market have been announced. On-chain data reveals activity in the user base of decentralized exchanges (DEXs), particularly layer-1 and layer-2 blockchains. BNB Chain took first place on the list. Here are the altcoin networks with the most weekly active users, their
The Base blockchain overtook Tron to become the fifth-largest blockchain in TVL, clocking in at over $6.6B. A spokesperson representing the Morpho DeFi protocol said the Layer 2 blockchain did great at promoting borrowing and lending protocols. The spokesperson added that the Morpho-Coinbase integration allowed users to borrow stablecoins against their BTC holdings. The DeFi
Solana dApps can now embed one-click transfers with Across’ new integration. The launch removes UX barriers that once pushed 13% of users to abandon bridging attempts, according to the protocol. Summary Across has expanded its intents-based bridging infrastructure to Solana, enabling one-click transfers between Ethereum and Solana. The integration removes multi-step claims and leverages a
Bit Mining Limited announced plans to rebrand as SOLAI Limited, reflecting a strategic shift from cryptocurrency mining toward building onchain intelligent financial infrastructure within the Solana landscape. Bit Mining Unveils Plan to Rebrand as SOLAI The company, currently traded on the NYSE as BTCM, will seek shareholder approval to change its name and adopt the
Federal Reserve Vice Chair for Supervision Michelle Bowman has called for banks to embrace blockchain technology or risk losing relevance. At the Wyoming Blockchain Symposium on Aug. 19, Bowman emphasized that regulators and banks must adopt a more proactive approach to the crypto industry. She pointed out that integrating these new innovative technologies would be
Saudi Arabian bank, Saudi Awwal Bank (SAB), a Riyadh-based Saudi joint stock company in which global banking group HSBC owns a minority stake, has announced the world’s first Islamic Repo on blockchain in partnership with Oumla, a secure, scalable blockchain infrastructure provider for businesses, enterprises, and governments. The blockchain-enabled Islamic Repo allowed SAB to lend
CreataChain, a next-gen blockchain platform, has collaborated with DeChat, a secure and open Web3 communication platform. The partnership focuses on advancing the Web3 communication with enhanced interoperability and security. The platform revealed in its official social media announcement that the move endeavors to integrate the Lunar Link technology of CreataChain into DeChat’s secure and open
The crypto-focused investment arm of venture capital firm Andreessen Horowitz argues that modern cryptographic techniques, such as zero-knowledge proofs, can protect user privacy but still allow law enforcement to crack down on bad actors. In a report on Tuesday, a16z Crypto policy partner Aiden Slaven and regulatory counsel David Sverdlov said that ZK-proofs, which verify
Skeptics of Ethereum’s rollup-centric roadmap have speculated that layer-2 networks might eventually peel away from the ecosystem. The concern was that rollup teams would grow tired of paying Ethereum’s data availability fees and break off into sovereign layer-1 chains with their own validators. But so far, that hasn’t happened. Instead, the gravitational pull has flowed