The Fantom Foundation has launched a new Layer 1 network, Sonic, which provides almost instant transactions, extremely low fees, and enhanced security, ushering in a new era of scalability and user experience for decentralized applications.
JinseFinanceSonic, a gaming-focused layer 2 blockchains atop Solana, has raised $12M in a Series A funding round. The Series A round was spearheaded by BITKRAFT, with other noteworthy investors being Galaxy Interactive and Big Brain Holdings.
XingChiL2 is currently the most effective way to expand Solana and generate network effects, so Solana also has to be L2-ized.
JinseFinanceUniswap Labs acquires ‘Crypto: The Game’, aiming to enhance on-chain experiences. The game’s second season saw rapid success, selling out in 13 minutes.
Cheng YuanBlockchain security firm TRM Labs said ISIS group have raised more than $2 million with cryptocurrencies.
BeincryptoThe Solana-based decentralized exchange (DEX) Mango Labs sued Avraham Eisenberg for its “profitable trading strategy.”
BitcoinistBinance said it plans to increase the fund to $2 billion as it expects participation to increase.
CoindeskThere have been many calls on social media for legal action against Do Kwon, and there has also been speculation that the potential departure of his legal team may be motivated by money concerns.
CointelegraphMany on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money.
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