The team behind Ethereum re-staking protocol EigenLayer and cross-chain messaging protocol LayerZero have introduced a new system to make cross-chain communication more secure. In a blog post on Oct. 2, LayerZero Labs announced the partnership with Eigen Labs and introduced a framework for “CryptoEconomic Decentralized Verifier Networks” (DVNs). The system combines technical verification with financial incentives to…

U2U Network, a modular layer-1 platform, leverages DAG and subnet technology to enhance DePIN applications, gaining significant backing from venture capital firms. The appeal of decentralized physical infrastructure networks (DePIN) lies in their ability to decentralize the sharing of physical assets, removing intermediaries like Uber and Airbnb. Through blockchain and Web3 technologies, DePIN enables peer-to-peer exchanges of…

Investment outflows from the Fidelity Ethereum Fund (FETH) exceeded $25 million on Oct. 1, marking a new all-time high in daily outflows among all other United States-based spot Ether exchange-traded funds (ETFs), excluding the Grayscale Ethereum Trust (ETHE). On Oct. 1, the spot Ether ETFs saw cumulative outflows of $48.6 million across nine issuers. FETH, ETHE…