Web3 is about solving business problems, not token prices: Google Cloud exec

    While TradFi is the main source of demand for blockchain tech, digital identity and supply chain are exciting areas too, according to Google Cloud Head of Web3 James Tromans. The crypto industry is far too focused on token prices, rather than figuring out how smart contracts can be used to solve real-world business problems, according…

    Arbitrum’s fraud proofs haven’t been used in the two years since it launched

    Offchain Labs co-founder Ed Felten said there were one or two fraud challenges submitted on a version of Arbitrum running on the Ethereum proof-of-work fork after the Merge, which was defeated. Not a single fraud proof has been submitted on Arbitrum since it first launched its mainnet with the built-in security feature in August 2021,…

    Binance CEO brushes off negativity, assures firm has ‘no liquidity issues’

    Despite the so-called FUD, Changpeng Zhao said in reality, the crypto industry has scored a number of massive wins in recent weeks. Binance co-founder and CEO Changpeng “CZ” Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust despite the recent market uncertainty. In a Sept. 7…

    Solana YTD inflows suggest it’s the ‘most loved altcoin’ — CoinShares

    Solana has seen steady inflows over the last nine weeks, even as other crypto investment products have faced outflows over a similar period. Solana investment products clocked $26 million worth of inflows since the start of 2023, outpacing all other altcoins, including Ether, suggesting it’s the “most loved altcoin amongst investors” according to CoinShares. In a…

    Shibarium hits 1M wallets amid meteoric growth, SHIB yet to catch up

    Shibarium network activity has soared despite the price of SHIB falling more than 20% since the tumultuous launch of the layer-2 network. The total number of wallets on Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has surpassed the one million mark in a meteoric rise since its relaunch. The milestone — announced in…

    DYdX to unlock 6.52M tokens worth $14M for community treasury, rewards

    Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury, which funds contributor grants, community initiatives and liquidity mining, among other programs. Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of its native DYDK tokens to be allocated to its community treasury and rewards for…