Movement Labs has announced the launch of M2, “Ethereum’s first Move virtual machine L2, scaled with Celestia as modular Data Availability (DA),” the team said: “M2 will enable developers to roll out smart contracts as easily as Secure, high-performance and high-throughput Move VM rollup. M2 integrates Celestia for DA, Snowman for shared ordering, and Move VM for execution, which is capable of processing over 145,000 transactions per second with localization fee market to mitigate gas price fluctuations.”

Movement Labs launches Ethereum L2 M2 based on Move, which modularizes the data availability layer for expansion and accelerates the creation of high-performance consumer DApps. Where Move VM is optimized for high throughput, with a native fee market and embedded support for formal verification, M2 also extends via Blobstream to transfer Celestia’s high-throughput modular DA to Ethereum for integration by L2 . According to previous news, Movement Labs announced the completion of a US$3.4 million Pre-Seed round of financing, led by Varys Capital, dao5, Blizzard The Avalanche Fund, Borderless Capital and its cross-chain fund focusing on the Wormhole ecosystem, Colony, Interop Ventures, Elixir Capital, BENQI Participate in investment.

According to Foresight News, Neo founder Da Hongfei announced at the Neo Asia-Pacific Hackathon Hong Kong finals that Neo is developing a sidechain capable of resisting miner extractable value (MEV) attacks and compatible with the Ethereum Virtual Machine (EVM). The new sidechain will inherit the Neo N3 economic model and dBFT consensus mechanism while possessing anti-malicious MEV attack features. The sidechain is currently under development and is expected to be released by the end of 2023.

Odaily Planet Daily News Movement Labs announced the completion of a US$3.4 million Pre-Seed round of financing, led by Varys Capital, dao5, Blizzard The Avalanche Fund, Borderless Capital and its cross-chain fund focusing on the Wormhole ecology, Colony, Interop Ventures, Elixir Capital , BENQI participated in the investment. Movement Labs introduces Movement SDK, a modular framework that combines horizontal interoperability with high-throughput modular Move virtual machines for building and deploying Move-based infrastructure, applications and zones in any distributed environment. Blockchain.

Odaily Planet Daily News Xinhuo Technology Holdings (01611) announced that the board of directors proposed to change the company's English name "New Huo Technology Holdings Limited" to "Sinohope Technology Holdings Limited", and the company's Chinese name remains unchanged. (Zhitong Finance)

Cow Swap, the anti-MEV decentralized trading protocol launched by Gnosis, announced that it has now introduced the limit order function of CoW Protocol, allowing users to access it through the CoW Swap UI. Features of this limit order include unlimited order management (you can set and cancel limit orders at will without paying gas), allowing multiple orders to be placed at once with the same cryptocurrency balance, etc. CoW Protocol takes fees from the surplus it generates (only when orders are executed) and passes the rest on to users.

Xinhuo Technology Holdings Co., Ltd. (1611.HK) announced that after the company passed a special resolution on changing the company name at the recent extraordinary general meeting, it has recently obtained a certificate of change of name issued by the Registrar of Corporate Affairs in the British Virgin Islands. The company will officially Renamed to New Huo Technology Holdings Limited. At the same time, the wholly-owned subsidiaries and related businesses of Xinhuo Technology will be renamed simultaneously.

Payment giant Visa and Crypto.com launched the World Cup-themed "Visa Masters of Movement" series of NFTs, aiming to provide fans with NFTs and immersive experiences before the FIFA World Cup in Qatar in 2022. Visa Masters of Movement Inspired by Iconic Goal Moments of 5 Players - Jared Borgetti, Tim Cahill, Carli Lloyd, Michael Owen and Maxi Rodriguez - Will Be Auctioned on Crypto.com with Proceeds Going to UK Charity Street Child United.