In their quest for scalability and cost-effectiveness, many layer-2 networks adopt a centralized approach to on-chain transaction processing, introducing a single point of failure vulnerability. The Metis blockchain, however, has pioneered a distributed sequencer pool to improve security and decentralization. The Ethereum blockchain introduced smart contracts to automate certain events on the network, laying the foundation of decentralized finance (DeFi)….

Swiss asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin exchange-traded fund (ETF) race in the United States. On the same day, investment giant BlackRock met with the country’s securities regulator to pitch an updated ETF model based on the agency’s feedback. On Nov. 29, Pando submitted a Form S-1 to the Securities…