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Polygon Introduces Prover Type 1 Verification Mechanism

defi

Polygon Introduces Prover Type 1 Verification Mechanism

Polygon has recently introduced the "Prover Type 1" mechanism, a technology that enables EVM chains to easily integrate Zero-Knowledge Proof (ZK Proof) verification. The Prover Type 1 mechanism is scheduled to be deployed this year and will be integrated directly into Polygon's CDK toolkit. Brendan Farmer,

By Web3 Station 11 Feb 2024
Jupiter DEX Announces Potential Projects for LFG Launchpad

Big Cap

Jupiter DEX Announces Potential Projects for LFG Launchpad

The liquid staking platform Sanctum, NFT collateralization app Sharky, and cross-chain bridge deBridge are among the projects Jupiter is considering for its LFG launchpad. Jupiter DEX announces potential projects for LFG launchpad. Image: CoinDesk Japan Jupiter (JUP) has released a list of promising Solana-based projects being considered for its LFG

By Web3 Station 08 Feb 2024
Bitcoin Nears $47,700 Mark

Big Cap

Bitcoin Nears $47,700 Mark

The world's largest cryptocurrency, Bitcoin, continues to show strong recovery momentum, surging by $2,700 within just 24 hours. Bitcoin nears the $47,700 mark On the evening of February 9, Bitcoin (BTC) demonstrated strong upward momentum, reaching close to $47,700 after surpassing the $47,000 mark

By Web3 Station 08 Feb 2024
Bitcoin Approaches $44,800 as ETF Buying Pressure Sustains

Big Cap

Bitcoin Approaches $44,800 as ETF Buying Pressure Sustains

The resurgence of Bitcoin has also lifted other top altcoins like Ethereum. Cryptocurrency market volatility as of 09:45 AM on 08/02/2024. Source: Coin360 In the early morning hours of February 8, the world's largest cryptocurrency, Bitcoin (BTC), staged a recovery from the $42,000-$43,

By Web3 Station 07 Feb 2024
Upgrade Dencun Set to Roll Out on Ethereum by March 13

Big Cap

Upgrade Dencun Set to Roll Out on Ethereum by March 13

Ethereum developers have set a deadline of March 13 to implement the Dencun upgrade on the mainnet. Upgrade Dencun set to roll out on Ethereum by March 13. Image: Decrypt According to an announcement made on the evening of February 8, Ethereum has designated March 13 as the official date

By Web3 Station 07 Feb 2024
Wormhole (W) Announces Airdrop and 4-Year Tokenomics Plan

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Wormhole (W) Announces Airdrop and 4-Year Tokenomics Plan

Following in the footsteps of many recent projects, the cross-chain protocol Wormhole is the latest to announce an airdrop. Wormhole (W) Announces Airdrop and 4-Year Tokenomics Plan According to an announcement late on February 7, the cross-chain solution Wormhole will use the "W" token, with a maximum supply

By Web3 Station 07 Feb 2024
Frax Finance Launches Layer-2 Fraxtal, Prepares FXTL Reward Points

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Frax Finance Launches Layer-2 Fraxtal, Prepares FXTL Reward Points

The renowned DeFi project on Ethereum, Frax Finance, has launched the mainnet of its layer-2 solution, Fraxtal, for select partners and shared details about its FXTL reward points program. Fraxtal is a layer-2 solution developed by Frax Finance on Ethereum since mid-2023, utilizing Optimism's OP Stack and being

By Web3 Station 07 Feb 2024
Heroes of Mavia Game Airdrops to 100,000 Eligible Wallets

NFT & GameFi

Heroes of Mavia Game Airdrops to 100,000 Eligible Wallets

Binance Labs-backed mobile game project "Heroes of Mavia" has released its MAVIA token along with a substantial airdrop for players. Heroes of Mavia Game Airdrops to 100,000 Eligible Wallets Skrice Studios, the development company behind Heroes of Mavia, has announced an airdrop for 100,000 eligible players

By Web3 Station 07 Feb 2024
MicroStrategy Purchases $37.2 Million Worth of Bitcoin in January 2024

Big Cap

MicroStrategy Purchases $37.2 Million Worth of Bitcoin in January 2024

MicroStrategy's Bitcoin investment portfolio now holds a total of 190,000 Bitcoins, valued at up to $8.17 billion. MicroStrategy has purchased $37.2 million worth of Bitcoin in January 2024. Image: Decrypt As confirmed by Chairman Michael Saylor, MicroStrategy allocated $37.2 million to acquire an additional

By Web3 Station 06 Feb 2024
SEC Delays Decision on Invesco's Ethereum Spot ETF Proposal

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SEC Delays Decision on Invesco's Ethereum Spot ETF Proposal

Not just Invesco, the U.S. Securities and Exchange Commission (SEC) has postponed the decision on Ethereum Spot ETF proposals from other Wall Street giants since last December. SEC Delays Decision on Invesco's Ethereum Spot ETF Proposal. Image: Blockworks In an announcement early on February 7, the U.

By Web3 Station 06 Feb 2024
AI Protocol Bittensor (TAO) Surges Over 90% in Past 2 Weeks

Big Cap

AI Protocol Bittensor (TAO) Surges Over 90% in Past 2 Weeks

Bittensor's machine learning protocol is demonstrating exceptional growth as its token TAO has surged more than 90%, reaching a market capitalization of $3 billion USD over the past two weeks. AI Protocol Bittensor (TAO) Surges Over 90% in Past 2 Weeks. Image: Bittensor According to price data from

By Web3 Station 06 Feb 2024
Pyth Network Announces Phase 2 Airdrop for DApps

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Pyth Network Announces Phase 2 Airdrop for DApps

Pyth Network has recently announced token rewards for 167 decentralized applications (DApps) utilizing its Oracle services. Specifically, 100 million PYTH tokens will be allocated to eligible projects, based on criteria such as transaction volume and the total value of assets attracted. The Pyth Retrospective Airdrop was not just for DeFi

By Web3 Station 06 Feb 2024
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