MATIC Coin and these 5 Altcoins have interesting news, including investments!

Polygonal laboratories (MATIC Coin) the main developers have announced that they will use SP1. Baby Doge has launched a critical offering. Market maker DWF Labs has invested in API3. And more…

News from ETH, MATIC Coin and these 4 altcoins!

Polygon Labs (MATIC Coin) to use SP1 for AggLayer

Polygonal Laboratories (MATIC Coin) the main developers have announced that they will use SP1. Therefore, the blockchain aggregator layer will form an important component of AggLayer called “pessimistic proof”, a zero-knowledge proof (ZKP) method to protect AggLayer. SP1, developed by Succinct Labs, makes it easy to connect blockchains to AggLayer. Additionally, Plonky3 provides performance and robustness in the bottom layer. Polygon Labs (MATIC Coin) shared the development on its official X account with the following statements:

Yesterday we introduced Pessimistic Proof, a new ZKP that will provide security for AggLayer-connected blockchains. The pessimistic proof will be generated by SuccinctLabs SP1, a general purpose ZKVM created with Polygon Plonky3.

The Phantom: Opera update to Sonic officially begins

Ghost announced that the update of the current Opera Blockchain has reached the required consensus level of 80%. It also officially announced its official launch. The release date is consistent with the expectations set by the project at the start of Sonic’s test-net phase last October. Furthermore, the project is progressing smoothly, without delays.

Avalon Finance’s TVL exceeds $200 million

Avalon Finance, the largest lending protocol in the Bitcoin ecosystem, participated in the Bitlayer First Mining Festival. In the process, the protocol’s TVL surpassed $200 million in three days. It now has a total TVL of $450 million and more than 40,000 users.

Baby Doge launches a critical offering

Baby Doge announced that it has launched a proposal to cede ownership of token contracts on Ethereum and BNBChain. This proposal aims to provide greater decentralization, increase trust and transparency within the community and reduce the risk of administrative abuse or centralized control. The proposal is open to voting and the deadline for voting is June 5. The current approval rate is 100%.

Market maker DWF Labs invests in API3

As you followed Cryptokoin.com, renowned market maker DWF Labs is often in the spotlight for its investments. In a recent move, DWF Labs led the latest funding round for Binance-listed API3. In this context, the market maker announced an investment in API3:

We are proud to have led API3DAO’s strategic funding round! Congratulations to our team for this achievement. This financing round will be accelerated API3 mission to revolutionize the oracle environment and advance the global on-chain financial system. We look forward to their continued innovation and further integration of dApps and Blockchain networks by launching the OEV Network mainnet.

Hashdex withdraws Ethereum spot ETF application from SEC

Recently, the United States SEC gave the green light to 8 companies that applied for a spot ETF on Ethereum. However, some candidates were waiting. SEC filings show that asset management firm Hashdex has withdrawn its application for Ethereum spot ETFs. Hashdex is a potential issuer and is not among the eight issuers that have received approval.

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