BNB Chain & Layer 2 | WisdomTree & Spot BTC ETF | Tether & Kava | 3AC founder & new fund | NEAR & Alibaba |&more
20.06 - 27.06.
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1 | BNB Chain announces Layer two: unveils opBNB testnet
BNB Chain has recently unveiled a groundbreaking solution to tackle the barriers impeding the widespread adoption of blockchain technology. With the introduction of opBNB, BNB Chain aims to enhance scalability and pave the way for greater utilization of blockchain technology across various industries. opBNB is an Ethereum Virtual Machine (EVM) compatible layer-2 that leverages Optimistic Rollups to enhance BSC scalability while maintaining affordability and security. opBNB, which is based on the Optimism OP Stack, aims to provide a seamless and efficient experience for users, developers, and projects on BSC. The opBNB Testnet, launched today, June 19, 2023, invites validators and dApp builders to explore the Testnet and share their feedback.
https://cryptotvplus.com/2023/06/bnb-chain-announces-layer-two-unveils-opbnb-testnet/
2 | WisdomTree files to start a US spot Bitcoin ETF on the heels of BlackRock’s application
WisdomTree is trying again for permission to start a spot Bitcoin exchange-traded fund in the US, submitting an application to the Securities and Exchange Commission less than a week after BlackRock Inc. The filing Tuesday from the asset manager said the WisdomTree Bitcoin Trust would be listed on the Cboe BZX Exchange under the ticker BTCW. BlackRock’s June 15 application for a spot fund has helped the token to climb about 15%.
3 | Tether Chooses Kava As Gateway for Cosmos USDt
Tether chooses Kava, a layer-1 blockchain designed for scalability and speed, as its gateway to the Cosmos ecosystem. Kava is excited and honored by Tether’s decision to bring the world’s most liquid, secure, and transparent stablecoin USDt to Cosmos appchains and Kava EVM dApps. Tether’s decision to integrate USDt natively on Cosmos, using Kava as a hub, will bring accessibility and financial stability to users and developers within the Cosmos ecosystem. Unlike external bridge solutions; which proliferate dozens of versions of a wrapped asset, siloing liquidity, discouraging participation, and harming user experience; natively issued USDt on Kava simplifies the process, and offers a streamlined, efficient mechanism for stablecoin liquidity provision and transfer between the Cosmos and Ethereum ecosystems.
https://cryptopotato.com/tether-chooses-kava-as-gateway-for-cosmos-usdt/
4 | Three Arrows Capital founders launch new VC fund
On June 21, Open Exchange (OPNX), a platform for trading claims against bankrupt crypto entities, announced a new ecosystem partner dubbed “3AC Ventures." According to developers, “the partnership will invest in projects building in the OPNX ecosystem and working towards a decentralized future." OPNX was founded by Su Zhu and Kyle Davies, who co-founded the now-bankrupt Singaporean hedge fund Three Arrows Capital (3AC). Citing the announcement, Davies commented, “3AC is dead, long live 3AC Ventures." On the firm’s landing page, users are greeted with the text “3AC Ventures is focused on superior risk-adjusted returns without leverage," along with an email contact.
https://cointelegraph.com/news/former-three-arrows-capital-founders-launch-new-vc-fund
5 | NEAR Foundation Partners With Alibaba Cloud to Accelerate Web3 Growth in Asia
The NEAR Foundation, the non-profit behind the ecosystem development of the NEAR protocol, is joining with Alibaba Cloud, the Chinese tech giant’s arm for computing and storage, to accelerate Web3 growth in Asia and the Middle East, the organization said Monday. The partnership grants the NEAR Foundation access to Alibaba Cloud's developer ecosystem across Asia and the Middle East in a bid to attract more developers to build on the NEAR protocol, said the company in conversation with CoinDesk. Developers that want to launch new NEAR validators will be able to do so with Alibaba Cloud’s "plug-and-play" infrastructure as a service. The NEAR Foundation and Alibaba Cloud will offer remote procedure calls (RPC) as a service to developers and users in the NEAR ecosystem, a press release said. RPC is a type of computer server that allows users to read data on blockchains and send transactions to different networks. It will also offer multi-chain indexing to provide data-query application programming interface (API) to developers.
https://finance.yahoo.com/news/near-foundation-partners-alibaba-cloud-060000659.html?.tsrc=rss
6 | Starknet Foundation Appoints Meta Veteran Oliva as First CEO
Starknet Foundation, the nonprofit foundation founded by blockchain scalability company Starknet, appointed former Meta executive Diego Oliva as its first CEO. Oliva will lead the ecosystem's growth and help with decentralization efforts, according to a press release provided to CoinDesk Starknet parent StarkWare reached an $8 billion valuation after a $100 million funding round in May 2022 and announced the existence of the foundation in July. The Starknet Foundation officially launched in November with a seven-person board and a supply of 5.01 billion Starknet tokens, or about 50.1% of the initial supply of 10 billion tokens. The tokens are not yet available for public trading.
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