Emerging Community Proposes Merger to Secure WBTC Amid Growing Concerns
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The Threshold community proposes to merge tBTC with WBTC. This proposal is driven by concerns about WBTC's stability due to Justin's stake in Sun. According to the proposal, BitGo will receive T-tokens, thus becoming a major stakeholder in the Threshold network. In a strategic move to protect the future of Wrapped...
ZKsync developer Matter Labs lays off 16 percent of its workforce
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Matter Labs laid off 24 employees, representing over 16% of its workforce, due to market changes. The company is shifting its focus from general scaling to niche applications. Despite the layoffs, Matter Labs continues to hire for key engineering and business roles. Matter Labs, the company behind the Ethereum scaling network ZKsync, has...
Avalanche announces Avalanche9000, the biggest upgrade since the mainnet launch
0 Comments Avalanche announces Avalanche9000, the biggest upgrade since the mainnet launch
Avalanche9000 upgrade will improve the deployment of subnets on Avalanche and make L1 launches more realistic. The upgrade will also introduce customizable chains to accelerate project development and market entry. The announcement had no impact on AVAX's price, which is down 2.22% as part of an overall market decline....
WazirX Hacker Transfers $6.5 Million ETH to Tornado Cash During Ongoing INR Withdrawals
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WazirX hacker transfers $6.5 million in Ether to Tornado Cash as the second phase of INR withdrawals begins. The hack on July 18 resulted in a theft of $230 million, resulting in a trading halt and frozen withdrawals. WazirX is struggling with legal problems and ongoing investigations. In a recent twist...