Bridge


Tech

Cosmos DAO Osmosis to Adopt Fee-Free Bitcoin Bridge

Osmosis is achieving this through a revenue-share proposal with Bitcoin bridge Nomic.

Ethan Buchman (left), co-founder of Cosmos, speaks about Bitcoin with Osmosis Labs co-founder Sunny Aggarwal, at Consensus 2024 in Austin, Texas. (CoinDesk)

Tech

Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain

Alongside the new entities, Fantom raised $10 million in a funding round that will go towards Sonic’s ecosystem development.

Fantom Foundation CEO Michael Kong (Fantom)

Tech

Union Labs Plans Polygon-to-Cosmos Bridge with New AggLayer Integration

The new technology from Union Labs comes after the blockchain interoperability project raised $4 million in November.

Union Labs team (Union Labs)

Tech

OG Bitcoin L2 Stacks Is Getting a Major Overhaul

The Nakamoto update will decouple block production from Bitcoin itself, solving the problem of network congestion Stacks has had since it launched its mainnet in 2021.

(CoinDesk TV)

Tech

Chainlink Aims to Make Transfers Across Blockchains Safer with New Bridge App 'Transporter'

"Having a secure way to move both value and data across chains is something the blockchain industry has needed for years," Chainlink co-founder Sergey Nazarov said.

Chainlink co-founder Sergey Nazarov speaks at the project's SmartCon conference in Barcelona. (Chainlink)

Tech

Socket, Bungee Restart Operations After Apparent $3.3M Exploit

The platform experienced a security incident late Tuesday that affected wallets with infinite approvals to Socket contracts, developers said.

Computer Hacking Hackers (Shutterstock)

Finance

Orbit Chain Loses $81M in Cross-Chain Bridge Exploit

The hacked funds remain "unmoved" according to Orbit Chain.

Bridge (Charlie Green/Unsplash)

Markets

The Death of Compromise, and a Way Forward for Crypto

Lessons for TradFi and DeFi from some toppled LEGO.

(Amélie Mourichon/Unsplash)

Tech

Coinbase, Framework Venture Funds Invest $5M in Socket Protocol, in Bet on Blockchain Interoperability

The fundraise comes as "cross-chain" protocols from the companies including LayerZero and Chainlink have attracted investors, despite the bear market – assuming a future where blockchains are seamlessly interconnected.

Socket co-founders, Rishabh Khurana and Vaibhav Chellani (Socket)

Finance

DeFi Protocol Synapse Responds to Selling Pressure With 17% Bounce

Synapse's SYN token recovered its losses after 9 million were sold by a liquidity provider identified as Nima Capital by the protocol.

SYNUSD price chart (TradingView)

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