Author: Crypto Insider

Ethereum layer-2 Optimism has implemented fault proofs into its smart contracts, according to its development team, OP Labs. According to the team, Optimism has now reached “Stage 1” of decentralization, referring to a list of milestones articulated by Ethereum co-founder Vitalik Buterin. At least four other OP Stack networks will implement the fault proofs “soon,”…

The Arbitrum Foundation, the team responsible for the Ethereum rollup-based layer-2 network Arbitrum, has committed substantial resources to developing the gaming industry within its ecosystem. The proposal sets aside 225 million Arbitrum (ARB) tokens valued at approximately $215 million to be distributed over three years through the newly established Gaming Catalyst Program (GCP). The program aims to…

Ethereum leaders must choose between supporting a capitalist or socialist economic system, but they can’t do both, according to digital assets market maker Wintermute CEO Evgeny Gaevoy. “You are either building capitalism or planned socialism. I’m sorry, you really can’t have both,” Gaevoy declared in a June 6 post on X, following both Ethereum co-founder Vitalik Buterin and Ethereum-based…

Total value locked on the Ethereum layer-2 network Base has surpassed $8 billion — only days after overtaking Optimism’s OP Mainnet. L2Beat data shows its TVL as of June 10 is now at $8.05 billion, including $2.14 billion of canonically bridged value — assets locked on Ethereum to be represented on Base — and $5.92 billion in natively minted…

Binance, the largest cryptocurrency exchange in the world by daily volume, announced on June 8 it had reached 200 million global users. To the best of our knowledge, no other exchange can boast near as many users. However, it bears mention that these figures are self-reported. In true celebratory fashion, Binance marked the occasion across…

The cryptocurrency community is concerned following a suspected rug-pull incident involving the Gemholic project and the zkSync network. Several users affected by the alleged Gemholic scam have taken to X to raise awareness. NSerec, the founder of Zkmarkets, confirmed that Gemholic stole $3.5 million. In the X post, NSerec claimed that Gemholic had deceived its investors for…