Holešky testnet had a 1.6 billion ETH supply at launch, making it potentially more accessible than the older Goerli network. Ethereum developers launched a new testnet on Sept. 15. Called “Holešky,” the network is expected to be used for staking, infrastructure and protocol development, according to its developer documents. Sepolia will remain the dominant network for application…

MakerDAO’s Rune Christensen says appropriate regulation will see stablecoins become mainstream, but the real opportunity is in decentralized stablecoins. Decentralized stablecoins may eventually dominate the stablecoin market, so long as crypto “ends up living up to its potential,” says Rune Christensen, the co-founder of DeFi pioneer MakerDAO. Speaking to Cointelegraph’s Andrew Fenton at Token 2049…

Crypto’s liquidity crunch could allow event-based volatility to have a greater impact on prices, according to a recent analysis from Bitfinex. Capital outflows in the crypto industry reached $55 billion in August, according to a report released by crypto exchange Bitfinex. The analysis is based on the aggregate realized value metric, which measures the realized capital of…

Analysts at market intelligence platform Santiment suggest that the Ether market may experience increased volatility, potentially leading to a recovery. Through an examination of Ether’s on-chain activity, market intelligence platform Santiment has published a report indicating that the count of daily active Ether addresses experienced a notable increase, reaching around 1,089,893 on Sept. 13. This recent upsurge represents…

The bank messaging network has seen a dramatic increase in processing speed and is developing technology to connect CBDCs. Three central banks have joined the beta phase of bank messaging platform SWIFT’s central bank digital currency (CBDC) interoperability project, the company announced Sept. 13. It has also entered a new phase of sandbox testing, it…

0xScope co-founder Philip Torres says it doesn’t take much effort to spin up thousands of blockchain wallet addresses and pump up user metrics. Active user count can be a misleading metric for measuring the state of a crypto ecosystem as a small group of users can generate a significant portion of activity across multiple wallets,…

Polygon has allocated an estimated $1 billion on zero-knowledge technology underpinning its Ethereum scaling layer-2 solutions. Polygon co-founder Sandeep Nailwal believes the layer-2 blockchain firm is reaping the benefits of allocating $1 billion to develop zero-knowledge (ZK) proof-powered scaling solutions for the Ethereum ecosystem. Speaking at a keynote address during the latest edition of the Token2049…

Binance’s Ethereum layer-2 scaling platform, opBNB, is now publicly available, following extensive testing of the OP Stack-based platform. The BNB Chain blockchain ecosystem is set to tap into Optimism’s rollup technology, powering its newly launched opBNB layer-2 scaling platform. BNB Chain announced the public mainnet launch of its Ethereum Virtual Machine (EVM)-compatible L2, which delivers…

Brad Garlinghouse says Singapore, the U.K., the UAE and Switzerland are jurisdictions with “smart” crypto policies that he thinks the U.S. should adopt. The United States is one of — if not the worst — place to launch a cryptocurrency startup in the world right now, according to Ripple CEO Brad Garlinghouse, whose firm is…

Manta Network has launched its zero-knowledge proof layer-2 scaling network, which promises lower fees and higher throughput for developers looking to deploy decentralized applications. The ecosystem of layer-2 blockchain solutions powered by zero-knowledge (ZK) proofs welcomes a new player as Manta Network takes its ZK-as-a-service platform live. Manta Pacific is a modular L2 aimed at…