As the crypto and DeFi space continues to expand, Chainspot keeps you updated on the latest developments. From blockchain innovations to digital currency adoptions, industry players are paving the way for a more secure, efficient, and accessible financial future.
Chainspot team
🗞 Cardano Founder Reveals Rollup Implementation Progress
Charles Hoskinson, the founder of Cardano, responded to a Twitter user’s inquiry about rollups, hinting at the release of ZK-rollups on the network. He mentioned sidechain projects requiring rollups and revealed a very aggressive schedule for implementation, with Midnight being the first user. Cardano has been making strides in Layer-2 solutions, including sidechains and off-chain solutions like ZK-rollups, enhancing its ecosystem. Midnight, a privacy blockchain operating as a sidechain, will utilize zero-knowledge cryptography for secure and compliant data handling, catering to various use cases.
⚡️ Chainspot Gas Charger is Live
Chainspot celebrates the launch of Gas Charger, enabling users to refill gas token balances across multiple chains in a single transaction, irrespective of their wallet balance. The platform utilizes Asterizm‘s interoperability for a smooth, secure, and fast experience. Try it now and enjoy hassle-free gas token management across various networks.
🇨🇳 China’s First Commodity Spot Clearing Digital RMB Settlement Service
Industrial Bank has made a significant stride in digital yuan adoption by introducing China’s inaugural central bank digital currency settlement service for bulk commodity spot clearing. Collaborating with Shanghai Clearing House, the bank pioneers the application of digital RMB in commodity trading scenarios. Seven other banks are following suit, while the Central People’s Bank of China welcomes regional banks into its pilot program, highlighting the nation’s commitment to a secure and efficient digital financial future. The move reflects Chinese banks’ increasing embrace of the digital yuan in diverse financial operations.
🥞 PancakeSwap v3 Embraces zkSync Era, Enhancing DeFi Trading Experience
Decentralized Exchange PancakeSwap has launched its v3 version on zkSync Era. The upgrade promises users improved scalability and cost-effectiveness for trading. Features include quick and low-cost token swaps, liquidity provision opportunities, and the ability to earn loyalty points and exclusive NFTs. The integration with zkSync Era will increase PancakeSwap’s transaction capacity, reduce congestion on Ethereum, and pave the way for wider DeFi adoption.
💸 Era Lend on zkSync Suffers $2.7 Million Exploit
Era Lend, a decentralized lending protocol on zkSync, suffered a $2.76 million exploit through a read-only re-entrancy attack. While the attack has been contained, all projects using Syncswap’s code are at risk. Authorities are actively investigating the incident, and Era Lend is working with security professionals to analyze potential attack vectors. The team is committed to identifying the attacker and recovering the affected funds. Refunds are being issued, and users are advised to revoke app approvals for safety.
🇷🇺 The Bank of Russia to commence tests of the CBDC starting August
Russian President has signed a bill allowing the launch of a digital version of the national currency, the digital ruble. The Bank of Russia will manage the digital ruble accounts and oversee the infrastructure. Citizens can choose whether to use the CBDC, which will function alongside cash and non-cash rubles. The move comes amid Western sanctions, pushing for a swift implementation of the CBDC. Russia joins 21 other nations in piloting CBDCs, while 11 countries have fully launched their CBDCs, including China, The Bahamas, and Nigeria.
Stay informed with our curated news, highlighting the advancements in the world of cryptocurrency and decentralized finance. Discover new opportunities today – together with our smart liquidity aggregator.
Chainspot team
