Tomorrow, November 15, 2024, Starknet will unlock 64 million STRK tokens, which is about 3.95% of its total circulating supply. This unlock is important because it allows early contributors and investors to access funds that were previously locked away.

PayPal's stablecoin, PayPal USD (PYUSD), has now integrated with LayerZero, a cross-blockchain bridging protocol, allowing seamless transfers between Ethereum and Solana.

TL;DR ZKsync has launched the recently approved Ignite program to promote DeFi liquidity on its network by distributing 325 million ZK tokens. Ignite aims to increase the total value locked (TVL) in the ZKsync ecosystem and reduce slippage in transactions to benefit both traders and liquidity providers.

The ZKsync initiative could revitalize DeFi activity, potentially reversing declining user engagement and transaction volumes across its network. The post ZKsync approves proposal to distribute 325 million ZK tokens to boost liquidity across chains appeared first on Crypto Briefing.

The PayPal USD (PYUSD) stablecoin now uses LayerZero's Omnichain Fungible Token (OFT) Standard to enable transfers between the blockchain networks Ethereum and Solana. This integration enables fast, secure and cost-effective transactions for both users and businesses, the companies said in a Tuesday (Nov. 12) press release.

PayPal's stablecoin can now be transferred seamlessly between Ethereum and Solana networks, thanks to its integration with LayerZero's cross-chain protocol. The post PayPal Stablecoin Can Now be Transferred to Ethereum and Solana via LayerZero appeared first on Cryptonews.

TL;DR PayPal has integrated its stablecoin, PayPal USD (PYUSD), with the cross-blockchain bridging protocol LayerZero, enabling seamless transfers between Ethereum and Solana. This integration aims to enhance transaction efficiency, reduce liquidity fragmentation, and provide users with faster, more secure, and cost-effective options.

PayPal has integrated LayerZero with its USD stablecoin (PYUSD) for faster transfers between Ethereum and Solana.

PayPal's stablecoin PYUSD has integrated LayerZero to facilitate smoother transfers between Ethereum and Solana.

PayPal's US Dollar-pegged stablecoin has integrated cross-chain bridge LayerZero to allow native transfers of PYUSD between the two networks.

PayPal stablecoin PYUSD can now transfer seamlessly between Ethereum and Solana via LayerZero.

PYUSD on Ethereum's market cap has remained relatively unchanged in recent months while the supply on Solana has plummeted from its high.

StarkWare, the main developer firm behind Starknet, had shared in July that it would introduce a proposal for staking on the blockchain, but had not previously fixed the date of the rollout.

Ethereum's co-founder Vitalik Buterin deposits 2.09 million STRK tokens on Binance.

TL;DR Vitalik Buterin deposited 2.09 million STRK tokens on Binance, resulting in a loss of approximately $714,000. This deposit follows its investment in StarkNet's seed funding round in 2018. The STRK transfer was made when the tokens were worth $799,000, while five months ago they were worth $1.51 million.

As Starknet (STRK) cryptocurrency is getting closer to losing its place in the top 100, Vitalik Buterin sent a massive 2.09 million STRK deposit to Binance (BNB). The asset almost touched a new all-time low before today's crypto surge.

Starknet roadmap is focusing on reducing network fees with upgrades planned through 2025.

Key Points:

In early August this year, the Starknet Foundation appointed James Strudwick as Executive Director following Diego Oliva's departure. Since joining the foundation in January, Strudwick has brought a renewed vision centered on Starknet's technological advancement, accessibility for developers, and global outreach.

TL;DR Starknet hit a new record of 857 TPS on its mainnet during a stress test. The test averaged 127.5 TPS over a 24-hour period, showing its potential for high-demand applications. StarkWare CEO Eli Ben-Sasson says Starknet's scalability is real and further developments are expected by 2025.

Starknet, the Ethereum layer-2 network, has hit a new transaction per second (TPS) milestone that outstrips that of other L2s. On Oct. 29, the project announced on X that its network reached a peak of 857 TPS on the Starknet Mainnet, surpassing its previous high of 503 TPS.

Starknet's new TPS record hints at scaling potential for Ethereum but raises key questions about real-world scalability.

Learn about Layerzero, a genuine solution for blockchain interoperability, promising to tackle key issues of security and liquidity fragmentation. This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space.

Tokenization is poised to revolutionize industries such as finance, commodities, intellectual property, and real estate by converting asset rights into digital tokens on blockchain platforms. This transformation is expected to create a market worth up to $16 trillion by 2030.

Binance has successfully integrated USDC on the zkSync Era network, allowing users to deposit and withdraw the stablecoin, according to Binance's recent announcement.

The City of Buenos Aires has announced a new collaboration with ZKSync, allowing 3.6 million citizens to use blockchain technology for their digital identity. Over 60 documents are accessible through this platform.

Bryan Pellegrino flagged a function in the Across token contract and claimed it allowed the owner to mint and burn ACX at will.

LayerZero (ZRO) is currently experiencing a tumultuous phase as its recent recovery attempts falter amid mounting bearish pressure. After initially showcasing potential, the altcoin's upward momentum has stalled, leading to a possible downturn.

The cryptocurrency universe prepares for another bearish market wave for certain altcoins, raising investor concerns globally. Recent data from the Token Unlocks app indicated that nearly $300M worth of tokens are set to be released into the market over the coming week.

LayerZero and Uniswap have inked a partnership toward the testing of the Unichain L2.

Starknet (STRK) faces huge losses as it follows the market-wide correction phase that shook investor portfolios. The unexpected movement caused the token to fall by nearly 16% causing a whopping $87k wipeout of STRK long positions in the past 24 hours.

Binance Labs has invested an undisclosed sum in ZKsync 'elastic chain' Sophon ahead of its mainnet launch and token deployment next month.

The two firms have co-developed the Cryptoeconomic DVN Framework, bringing more security to decentralized networks through economic incentives.

TL;DR LayerZero and EigenLayer have launched the CryptoEconomic Decentralized Verifier Networks (DVNs) framework, establishing a new standard for communication between chains. Users can secure omnichain messaging by staking assets such as ZRO, EIGEN, and ETH, promoting integrity in data transmission.

Starknet's STRK token has lost nearly 10% of its value just a week after the ZK-Rollup platform initiated its first phase of staking. Currently trading at $0.38, STRK's price has dropped 16% in the past 24 hours, making it the third-largest loser behind Beam (BEAM) and Arweave (AR).

Key Points:

Eigen Labs and LayerZero Labs introduce a CryptoEconomic DVN Framework, enhancing security and interoperability across blockchains.

Blockchain bridges ensure the bridge of assets across chains, but their nature also happens to be a weakness owing to possible security breaches.

LayerZero Labs CEO Bryan Pellegrino discusses the complexities and security issues of blockchain bridges in a podcast with a16z crypto.

Starknet (STRK) has made headlines recently with a remarkable 29.74% gain over the past three days. However, as the price approaches critical resistance levels, the question on many investors' minds is: what's next for Starknet?

The rapidly evolving realm of blockchain technology, scalability and privacy stand as pivotal elements for the success of any network. As decentralized applications continue to rise in popularity, effective solutions that improve transaction efficiency are essential.

October has historically been a bullish month for altcoins and cryptocurrencies in general. With great momentum building, fueled by increasing demand and favorable market conditions, several altcoins are also inching closer to breaking their previous all-time highs.

Major crypto exchange Coinbase has once again expanded its offerings by welcoming new listings this week. The latest listings reflect Coinbase's commitment to providing its users with access to a broader range of digital assets and to supporting the growth of the cryptocurrency ecosystem.

The long/short accounts ratio fell dramatically in the past two days to show profit-taking activity.

Starknet (STRK) recently launched the first phase of its staking program, triggering a 10% price surge in just one day. This sudden price movement has attracted the attention of traders, as the token approaches key resistance levels.

Chain-agnostic stablecoin protocol defi.money has integrated LayerZero to bring omnichain liquidity to its network. LayerZero (ZRO) is an interoperability solution that offers a foundational layer for omnichain applications and blockchains.

TL;DR LayerZero has experienced a 433% increase in its activity, reaching 98,000 daily messages following the announcement of a second airdrop. The new strategy focuses on rewarding active users and excludes those who do not participate, aiming to foster genuine commitment to the protocol. The price of the ZRO token has risen by 16.

The price of LayerZero (ZRO) has increased by 13.65% in the last 24 hours. It comes days after the LayerZero Foundation announced the end of ZRO airdrop claims and disclosed that it would reallocate unclaimed tokens to its active users.