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$20M exploit cripples Sonne Finance, hacker in no mood for negotiation
15.5.2024
Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC. Efforts to recover the funds are ongoing
Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers
15.5.2024
Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne...
Celo Community Ratifies Plan to Use Optimism's OP Stack for New Layer-2 Chain
10.5.2024
The vote passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure
Optimism Stack Update: OP to Support Layer Three With Funding, Features, and Revenue Sharing
9.5.2024
Ethereum scaling solution provider Optimism announced plans to enhance blockchain throughput by integrating Layer three applications on top of its OP Stack, aiming to foster a Superchain network where Layer threes can build and share revenue with the Optimism Collective. The OP Stack, an open...
Optimism to roll out new Superchain features for layer-3 devs
9.5.2024
The layer-2 Ethereum scaling provider wants to onboard developers to build layer-3 DApps on its Superchain
Vested crypto tokens worth over $3B to be unlocked in May
3.5.2024
Sui, Pyth Network, Avalanche, Arbitrum and Aptos are set to release vested crypto tokens in May, according to data tracker Token Unlocks
Pike Finance clarifies ‘USDC vulnerability’ statement on $1.6M exploit
2.5.2024
Pike highlighted that the exploit occurred due to their team’s inadequate integration of third-party technologies such as the CCTP or Gelato Network’s automation services
Is Optimism Going to Zero? OP Price Drops 4%, While Experts Are Stocking Up On This New GambleFi Token
30.4.2024
The native token for Ethereum Layer 2 scaling solution Optimism (OP) has fallen 4% in the last 24 hours amidst a market-wide pullback that has hit Layer 2 tokens the hardest. Optimism currently trades at a price of $2.39. This is down about 1% in the last hour. It also represents a 3.7% dip both...
Avail Data Availability Integrated by Arbitrum, Optimism, Polygon, StarkWare, ZkSync
25.4.2024
The chains' users will be able to opt in or out to use Avail for data availability, to stash the reams of data produced for all their transactions taking place
The Protocol: Analyzing Runes Impact as Bitcoin Fee Bonanza Fades
24.4.2024
OP, YGG Feeling Sell-Side Pressure as Unlocks Loom
23.4.2024
DYDX also has a large unlock scheduled but is not experiencing the same pricing pressure
Celo Chooses Optimism, Concluding Bake-Off Among Layer 2s
22.4.2024
CLabs officially proposed using Optimism’s OP Stack for the transition. The proposal will be discussed on a couple of community calls and then go to a vote among holders of the project's CELO tokens, under the chain's governance rules
Worldcoin Foundation Announces ‘World Chain’ for Enhanced Human-Centric Apps
18.4.2024
Worldcoin is set to introduce a new blockchain called “World Chain,” which is designed to give precedence to human users over bots, purportedly enhancing both utility and accessibility. The Worldcoin Foundation stated that this platform will be deeply integrated with the Worldcoin...
Worldcoin, Sam Altman's Crypto Project, Is Building a Layer-2 Chain
17.4.2024
The human-focused blockchain network will be based on the OP Stack, a framework for building Ethereum-based layer-2 chains
Arbitrum Outpaces Ethereum in Daily Transactions Amidst L2 Networks’ Surge
20.3.2024
Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network’s daily transactions even exceeded those on the Ethereum platform. Additionally, following Ethereum’s Dencun upgrade, other L2 networks...
Optimism Finally Starts Testing 'Fault Proofs' at Heart of Design – and of Criticism
19.3.2024
A version of the new proof system, which will help secure withdrawals from Optimism and other networks based on its tech, will be deployed to Ethereum's Sepolia test network on Tuesday
Layer 2 Blockchains Become Cheaper After Ethereum's Dencun Upgrade
14.3.2024
The upgrade allows layer 2 solutions to store data in "blobs" instead of the expensive call data
Debating Dencun: Will Ethereum's Big Update Help or Harm the Network?
13.3.2024
While Ethereum's rollup-centric roadmap could help the ecosystem reach new levels of scale, some developers think relying on third parties to improve access to Ethereum could backfire
Ethereum Activates 'Dencun' Upgrade, in Landmark Move to Reduce Data Fees
13.3.2024
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as "proto-danksharding," which gives room for a dedicated space that is separate from regular transactions, and at a lower cost
Optimism Foundation Executes $89 Million OP Private Token Transaction
8.3.2024
The Optimism Foundation recently sold approximately 19.5 million OP tokens, valued at nearly $90 million, to an unnamed buyer, with these tokens being sourced from the unallocated segment of their OP Token treasury initially set aside as working capital. This sale is part of the foundation’s...