The number of Bitcoin that has not moved for six months has reached 14.99 million coins
Polygon Labs Cuts 20% Workforce, Almost 100 Jobs (2 minute read)
Polygon Labs has cut 20% of its workforce, mostly in the US, Canada, and India. Its treasury remains healthy with a balance of over $250 million and 1.9 billion MATIC. Polygon's native token MATIC was down 5% to $1.42 on the day of the announcement. The company has crystallized its strategy for the next several years to drive mass adoption of Web3. |
Ankr partners with Microsoft to offer enterprise node services (2 minute read)
Microsoft and Ankr have partnered to provide a node hosting service on the Microsoft Azure Marketplace. The integration will pair Ankr's blockchain infrastructure with Azure's cloud solutions to allow developers to focus on scaling their applications. It will allow organizations to access blockchain data in a reliable, scalable, and secure way. The partnership is a major milestone for Ankr and will result in an era of prolific building for blockchain-based applications. |
Coder Brings Ordinals to Litecoin as Bitcoin Inscriptions Surpass 154K (3 minute read)
Ordinals have taken the Bitcoin blockchain by storm, with more than 154,000 inscriptions created to date. A developer has ported the Ordinals project to Litecoin following a bounty offer of 5 LTC to do so. The bounty has since grown to a total of 22 LTC, or around $2100. The Ordinals port was made possible by Litecoin's soft forks of the SegWit and Taproot protocols, which are essential for Ordinals to work. |
EigenLayer whitepaper (3 minute read)
The EigenLayer is a set of smart contracts that allow ETH stakers to opt in to validating new software modules built on top of the Ethereum ecosystem. The first public version of the EigenLayer whitepaper is now available. It describes the key ideas that will be implemented into the first version of the protocol. The whitepaper also lists potential EigenLayer modules to build. EigenLayer aims to launch later this year. |
What Crypto Founders Can Learn from Blur's Token Airdrop (12 minute read)
Blur has become the top NFT marketplace and trading platform in the market just five months since launch. Blur used sophisticated incentives to bootstrap, grow adoption, and beat out its competitors. This analysis looks at Blur's token distribution design and offers recommendations to founders using tokens to grow networks. Blur's success shows that a token distribution strategy can be a powerful way to drive network growth. |
hypersdk (GitHub Repo)
hypersdk is an opinionated framework for building hyper-scalable blockchains on Avalanche. It makes it faster, safer, and easier to launch a blockchain on an Avalanche Subnet, allowing builders to focus on project-specific features. hypersdk enables a hypervm to be built with only 500-1,000 lines of code. Hyperchains built with hypersdk can process thousands of transactions per second, with the potential for higher throughput through further optimizations. |
I'm American, but My Crypto Startup Won't Be (3 minute read)
The US is a poor choice for builders to launch crypto projects due to its lack of regulatory clarity. Instead of providing predictability and legality, the US has resorted to regulation through enforcement, using scare tactics and threats in the absence of well-defined regulation. This has caused many crypto businesses to look to other jurisdictions that have developed transparent regulations. If the US does not act soon, it risks losing out on the best and brightest to other hubs. |
Nearly $370 Billion in Bitcoin Has Gone 'Dormant' (2 minute read)
The number of Bitcoin that has not moved for six months has reached 14.99 million coins, worth around $370 billion. The all-time high of old supply coins is 15.029 million. Bitcoin investors are focusing on long-term gains, compared to other chains such as Ethereum where coins move more frequently in pursuit of profits. Dormant coins are increasingly unlikely to be spent after 155 days. The lack of activity could mean that the market may be oversold and poised for a rebound. |
Public Goods by LayerZero (2 minute read)
Public Goods is an open market for immediate pricing of ETH/GOERLI-ETH created to make it significantly easier for Ethereum developers to test and have access to ETH on Goerli. |
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