Energy use is down, and staking is up, but technical concerns still mark the road ahead for the second-largest cryptocurrency by market cap.
Decentral Block Post
Crypto market outflows reached $55B in August as liquidity dwindled — Bitfinex
Crypto's liquidity crunch could allow event-based volatility to have a greater impact on prices, according to a recent analysis from Bitfinex.
Matter Labs steps back as zkSync launches ecosystem portal managed by DappRadar
The launch brings Matter Labs one step closer to its goal of complete decentralization for the zkSync protocol.
SSV.network hits mainnet to increase decentralization of Ethereum staking pools
SSV.network launches distributed validator technology network with more than 10 partner staking DApps to help decentralize Ethereum staking.
Web3 Gamer: PUBG devs’ Web3 project, Animoca’s $20M raise, Shardbound review
The company behind PUBG announces a new Web3 platform, monetization in Web3 and more.
Polygon 2.0 — MATIC conversion to POL outlined in preliminary improvement proposals
The Ethereum layer-2 developer has introduced the first improvement proposals to begin the transition to its Polygon 2.0 ecosystem.
Ethereum’s active addresses second-highest in history: Analysts
Analysts at market intelligence platform Santiment suggest that the Ether market may experience increased volatility, potentially leading to a recovery.
Web3 ecosystem made ‘good strides’ in changing climate narrative, exec says
Celo CEO Marek Olszewski said that blockchains can provide transparency and real-time verification on the state of carbon credits.
Web3 game Gods Unchained releases 'Sealed Mode' to mimic paper card games
Immutable’s Gods Unchained game launched a new tournament mode that allows players to build a deck with random cards.
Are DAOs overhyped and unworkable? Lessons from the front lines
Many contend that DAOs have failed to deliver on their promises, but developers are coming up with novel solutions.
BNB Chain Optimism-powered layer-2 opBNB hits mainnet
Binance’s Ethereum layer 2 scaling platform opBNB is now publicly available, following extensive testing of the OP Stack-based platform.
Polygon co-founder - $1B bet on ZK-rollups paying off
Polygon has allocated an estimated $1 billion on zero-knowledge technology underpinning its Ethereum scaling layer 2 solutions.
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states.
Nasdaq's Hashdex mixed Ether ETF filing joins crypto ETF race
Known as the Hashdex Nasdaq Ethereum ETF, this investment fund is the first filing for futures and spot Ether holdings under the ‘33 Act and is overseen and supervised by Toroso Investments.
CoinEx exchange suspected of being hacked as $27M worth of crypto moved
A CoinEx hot wallet transferred $27.8 million of various tokens to a wallet with no previous history, leading experts to suspect a cyberattack.
Bitcoin ETF optimist and Worldcoin skeptic Gracy Chen: Hall of Flame
Gracy Chen is managing director of crypto exchange Bitget and judge of Web3 reality show Killer Whales.
Manta Network’s L2 hits mainnet to drive ZK-enabled DApp development
Manta Network has launched its zero-knowledge proof layer-2 scaling network, which promises lower fees and higher throughput for developers looking to deploy decentralized applications.
NFT collection Milady exploited by developer stealing $1M in fees
Milady NFT creator Charlotte Fang said that Remilia “easily identified” the individuals involved in the exploit and will start legal action.
XRP bucks trend as crypto assets experience fourth straight week of outflows
Solana slid into the outflow column this week as Bitcoin’s outflows streak continued.
6 Questions for Kei Oda: From Goldman Sachs to cryptocurrency
Kei Oda spent 16 years trading bonds for Goldman Sachs — a life that eventually bored him. That was when he turned to cryptocurrency.