March 2nd: Babylon, a provider of protocols for Bitcoin blockchain timestamping and Bitcoin staking, is collaborating with Web3 infrastructure company Ankr to provide security and liquidity to its Proof-of-Stake (PoS chain), according to the team. Tokens for Bitcoin (LST) staked through Babylon LST is issued on a PoS chain secured by the BTC staking protocol. For stakers, BTC is locked on the Bitcoin blockchain and new LSTs are created on the PoS chain. They decided to provide security. Ankr will also run validators on Babylon’s testnet and build advanced security infrastructure to support Babylon’s nodes and end providers.” CoinDesk 20 Assets: (BTC)
Worldcoin Developer Tools for Humanity acquires cryptocurrency wallet Ottr
March 2nd: Otre, a cryptocurrency wallet operated by Solana, has joined Tools For Humanity (TFH), a key contributor to the Worldcoin project, to lead the development of the World App, TFH’s user-friendly mobile wallet used by over 3 million people monthly. announced that the team has joined. According to the team, “Since launching the Ottr wallet 18 months ago, the Ottr team has developed a self-managed wallet with seamless integration with US bank accounts, gas-free transfers and transactions, password-less cloud backup and a comprehensive dApp store. “They will bring their expertise to TFH to make the digital economy accessible to more people.”
Wormhole reveals that ‘native token transfers’ are ‘simpler’ than wrapped assets.
March 2nd: worm-hole, a protocol for inter-blockchain communication, has unveiled “Wormhole Native Token Transfers,” a new framework to make any token multichain secure and efficient. According to the team, “NTT introduces an open, flexible and composable framework for native token transfers. NTT is simpler and more decentralized compared to assets wrapped across blockchains while preserving their essential properties, making it a critical platform for interoperability.” Projects built on NTT maintain control over token behavior on each chain, including customizability, metadata, and ownership/upgradeability.” According to the blog post, NTT provides “native multichain token support for industry-leading projects such as Lido, ether.fi, Puffer Finance, PIKE, and Wormhole.”
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Bitcoin layer-2 project BOB announces ‘ETH settlement rollup’, plans to launch around halving
March 2nd: shota Bitcoin layer-2 blockchain project, announced an innovative hybrid solution between Bitcoin and Ethereum at the “Bitcoin Renaissance” event, a side event of ETHDenver, attended by 1,500 people. According to the team: “This solution leverages advanced merge mining techniques to introduce ETH settlement rollups that inherit Bitcoin’s PoW security. In the future, BOB plans to support settlements on both Bitcoin via BitVM and Ethereum. Additionally, this The project stated that its mainnet launch is timed to coincide with the upcoming Bitcoin halving.” CoinDesk 20 Asset: (BTC)
Taiko, ‘ZK rollup equivalent to Ethereum’, raises $15 million
March 2: Taiko, a provider of Layer 2 scaling solutions for the Ethereum blockchain, raises $15 million in a Series A funding round, increasing the venture capital firm’s allocation of investments in cryptocurrency projects. According to a press release, the fundraising was led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital. Other investors in this round include Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR, and WW Ventures. The latest round brings the total funds Taiko has raised across three rounds to $37 million.
Clone Market, Clone Liquidity Mainnet launched on March 1
March 2nd: clone, an open source protocol for trading non-native tokens on the Solana blockchain, announced the public mainnet launch of Clone Markets and Clone Liquidity, launched on March 1st. Native assets via Clone’s innovative “clone assets” (clAssets) provide a more seamless, efficient and accessible trading experience for Solana users. “Network tokens from Arbitrum, Optimism and Sui will be tradable with high liquidity on Solana for the first time.”
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Renzo, a Liquid Restake protocol, expands to Arbitrum by trading with Connext
March 1 (Protocol Village Exclusive): renzoAccording to the team, Connext, a Liquid Restake protocol, has partnered with Connext to provide cross-chain re-staking for Arbitrum. “Cross-chain re-staking is now possible for multiple L2 networks, including the BNB chain, Linea, Base and the Arbitrum network. Due to the lower fees Rollup offers, L2 users partnering with Renzo can now re-stake at a much lower cost. while allowing users to re-stake ETH on a supporting network of their choice. Renzo and Connext achieve this with ezETH by leveraging EigenLayer. Connext’s bridging and message passing protocol transports ERC-20 without slippage. “
Layer 2 network Metis integrates Chainlink CCIP as a formal token bridge.
February 29: metisWe plan to integrate the Ethereum layer-2 network. chain link According to the team, the interoperability solution, Chainlink CCIP, is “a standard token bridge infrastructure that enables the Metis ecosystem to expand its cross-chain footprint, improve user and developer experiences, and accelerate adoption.” “As part of this integration, the Metis bridge interface will be upgraded to run a standard Metis token bridge leveraging Chainlink CCIP as the official cross-chain infrastructure, initially connecting major stablecoins from the Ethereum mainnet to the Metis network. “CoinDesk 20 Assets: {{LINK}}
Alchemy launches ‘embedded accounts’ to onboard users to Web3
February 29 (Protocol Village Exclusive): Alchemy launches Embedded Accounts, “the easiest way to onboard users to Web3.” “This is a simple, all-in-one solution that allows you to:
1. User onboarding via Web2 login (email, passkey and soon social authentication)
2. Transact without friction. One-click payment through gas sponsorship and TX batch processing
3. Build custom smart accounts with account recovery, multi-signature, session keys, etc.
Alchemy’s mission is to enroll the world into self-sovereign Web3 accounts. To achieve this mission, wallets must become invisible by abstracting the technology so that users cannot even tell that they are using a wallet.”
Max Howell’s Tea Protocol aims to solve the challenges of OSS development.
February 29: tea protocolFounded by Max Howell, founder of Homebrew’s open source software package management, “Our latest project represents an important step toward a more sustainable and equitable ecosystem for software creators by leveraging blockchain technology to address long-standing challenges in OSS development. .” he said. According to the team, Tea is “at the forefront of supporting OSS development through Web3 technology. This innovative approach ensures transparent and fair compensation for developers and strengthens collaboration and innovation within the open source community.”
Quicknode launches real-time blockchain data solution ‘Stream’
February 29: quicknode, Web3, the Web3 development platform, launches “Streams,” a real-time blockchain data streaming solution. The solution aims to revolutionize blockchain infrastructure by providing instant access to historical and real-time data from Ethereum, Polygon, and Binance Smart Chain. “Streams provides developers with a widely used programming language to bridge the gap between blockchain data and existing tools, reduce operational costs, and accelerate time to market for decentralized applications (dApps).”
Cryptocurrency losses due to hacking, Rug, increased 15% YTD, says Immunefi.
February 29: immune, a bug bounty and security services platform for Web3 that protects over $60 billion in assets, released the “Cryptocurrency Losses in February 2024” report, which shows that $205 million has been lost due to hacks and lug pulls so far in 2024. It appears that this has occurred. This is 15.4%. It has increased compared to the same period in 2023. In February alone, hacks and lug pulls resulted in approximately $67.1 million in losses, with Ethereum being the most targeted chain. Hacking was the leading cause of losses compared to fraud, amounting to $65.4 million.
Bitcoin Miner Marathon Plans Multi-Chain Layer-2 ‘Anduro’
February 29: Marathon Digital Holdings, a publicly traded Bitcoin mining company, said it is incubating Anduro, a new programmable multi-chain layer 2 network on top of the Bitcoin blockchain. According to the press release, it is “a platform built on the Bitcoin network that allows for the creation of multiple sidechains.” “Marathon is already developing the first two sidechains, Anduro, Coordinate and Alys, which can be further developed by open source contributors. These chains demonstrate the flexible programmability of Anduro. Coordinate will provide the Ordinals community with a cost-effective UTXO stack. Alys, on the other hand, is an Ethereum-compatible chain for institutional asset tokenization. Anduro’s sidechain utilizes a process called merge mining, where participating miners like Marathon continue to mine Bitcoin from the base, while generating accrued income from Anduro’s sidechain. You can earn Bitcoin-denominated profits on trades that do – layer after layer.”
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ZkHub, based on ZkLink, claims to be Ethereum’s first multi-rollup DEX offering a central limit order book
February 29: Team Zk link, a multi-chain ZK Rollup and Layer 3 protocol, announced that zkHub has built a multi-rollup order book DEX (Decentralized Exchange) based on ZK technology to address the difficulties encountered when navigating between Layer 2 Rollups, such as high transaction costs. I did. Security issues and operational complexities. According to the blog post, “ZkHub is Ethereum’s first multi-rollup DEX that provides users with a high-performance central limit order book (CLOB) with multi-chain native asset support, low transaction fees, and Ethereum-grade security.”
Coinbase Adds ‘Smart Wallet’ Feature, Eliminating Long Seed Phrases
February 29: coinbase, a publicly traded American cryptocurrency exchange, is set to launch two new wallet solutions that will make it easier to onboard new users to cryptocurrencies. Known as smart wallets and embedded wallets, these features aim to overcome the common hurdle of clunky user experience when creating a cryptocurrency wallet.
Shiba Inu has adopted technology to provide SHIB token holders with more privacy.
February 29: shiba inu In a Wednesday announcement shared with CoinDesk, representatives plan to introduce a new privacy-focused network on top of the Shibarium blockchain in a move that will increase the value proposition of the SHIB token. Shiba Inu is working with open source crypto company Zama on a yet-to-be-named network. The network uses Fully Homomorphic Encryption (FHE), a privacy tool that allows developers to use data from untrusted domains without the need for decryption. (SHIB)
NFT infrastructure provider Rarible launches ‘Rarible API’
February 29: Larible, a provider of real-time infrastructure for NFT wallets, games, and marketplaces, has launched its “Rarible API” “designed to simplify the complex nature of deployments in the NFT space.” According to the team, “The Rarible API provides a comprehensive set of features to meet the needs of the ever-evolving Web3 ecosystem, including a real-time NFT indexer, aggregate order book, multi-chain support, and a transaction SDK. Built with developers and creators in mind. The Rarible API provides a powerful infrastructure to inspire the invention of future NFT experiences.