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Pudgy Penguins’ Abstract Closes, Marking Second Ethereum Layer 2 Shutdown in a Week
Pudgy Penguins’ parent organisation is shutting down Abstract, its Ethereum Layer 2 network, after investing tens of millions of dollars into the project. The blockchain will stop operating on December 15, with users asked to withdraw their assets beforehand. The decision follows limited liquidity and a choice to focus funding on the Pudgy Pengui...
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Ethereum Sets 200 Million Gas Limit for Glamsterdam Sepolia Test
Ethereum developers are preparing to test a 200 million gas limit on Sepolia as part of the Glamsterdam upgrade. Prysm 7.2.1 includes the new configuration, replacing the 60 million default that would have applied to validators using the previous client version. The test will help developers assess how validators handle larger blocks before decisio...
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Ethereum Network to Undergo Major Speed Upgrade Test on October 6
Ethereum’s Glamsterdam upgrade is scheduled to activate on the Sepolia testnet on October 6 at 13:53:36 UTC. The upgrade combines Amsterdam changes on the execution layer with Gloas changes on the consensus layer. Key additions include enshrined proposer-builder separation through EIP-7732 and block-level access lists through EIP-7928. Ethereum h...
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Magic Eden Investigates Possible Exploit After NFTs Move for 0 ETH
Magic Eden is facing questions over unusual Ethereum NFT transactions involving several thousand tokens that appeared to move for 0 ETH. NFT trader Cirrus first flagged the activity on September 25, while another pseudonymous account claimed it was a whitehat operation. Magic Eden had not publicly confirmed an exploit or the legitimacy of the recov...
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Quantum Computing Could Threaten Blockchain Security, EU Watchdogs Warn
European financial regulators have warned that advances in quantum computing could eventually undermine cryptographic systems protecting transactions, databases and blockchains. The authorities said the risks could emerge before commercially viable quantum applications become available, highlighting the need for financial firms and infrastructure p...
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Tokenisation Is Shaping A New Financial System. Here's What's Missing
Earlier, tokenisation was discussed in the context of crypto. Now, banks and regulators are seeing blockchain as a new layer for financial markets.
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Term Finance Reports Estimated $8.5 Million Loss Following Governance Exploit
Term Finance has reported an estimated $8.5 million loss after an attacker exploited the governance controls of its strategy vaults. Security firms said the hacker gained enough voting power to pass proposals that enabled control of the vaults, draining Ether and stablecoins. Term has halted its Meta Vaults while it works with external security exp...
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MANTRA Halts Network Transactions Following Unspecified Incident
MANTRA Chain has halted network operations while its engineering and security teams investigate an unspecified incident affecting the blockchain. The shutdown has stopped transactions and asset transfers, with validators, public nodes, bridge migration processes, and Inter-Blockchain Communication relays among the affected components. Deposits and ...
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1inch Introduces Aqua to Unite DeFi Liquidity on 13 Chains
Decentralised exchange aggregator 1inch has launched Aqua, a protocol designed to improve capital efficiency by unifying liquidity across 13 blockchain networks. Aqua enables users to allocate the same wallet balance across multiple DeFi strategies without locking funds into individual liquidity pools until trades are executed. The protocol combine...
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Solana Foundation Launches STRIDE Network to Strengthen DeFi Security
The Solana Foundation has launched the STRIDE Network to improve security across DeFi protocols. Developed with Asymmetric Research, the framework evaluates projects across multiple risk areas and introduces a real-time incident response network. The move comes amid rising exploit cases, as the industry looks to strengthen transparency, monitoring,...
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China Urges Banks to Use Blockchain for Lending, Tax Data Sharing
China is encouraging banks to adopt blockchain technology to enable secure sharing of tax data and improve lending processes. The initiative is expected to enhance transparency, reduce fraud risks, and make credit more accessible, especially for small businesses. It also reflects the country’s focus on using blockchain in regulated financial syst...
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MeitY Launches Blockchain India Challenge, Invites Startups to Solve Governance Problems
The Ministry of Electronics and Information Technology (MeitY) announced a new national-level initiative on Wednesday. It is intended to promote the use of blockchain technology in various sectors. The initiative has been named “Blockchain India Challenge.” This is a move towards developing indigenous blockchain solutions. MeitY stated that the...
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IBW 2025 Dates Announced: Week-Long Web3 Events Scheduled for December
India Blockchain Week (IBW) will return to Bengaluru from December 1 to 7 for its third edition, featuring conferences, workshops, and community events focused on Web3, AI, and blockchain regulation. Organised by Hashed Emergent, the week will include global speakers, developer programmes and ecosystem initiatives, with participation expected from ...
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Crypto Firms Form Global Alliance to Standardise Stablecoin Payments
A group of major blockchain organisations, including Solana Foundation, Polygon Labs, Stellar Development Foundation, and Fireblocks, has launched the Blockchain Payments Alliance to improve interoperability and compliance across stablecoin payments. The collaboration seeks to create unified standards for digital transactions, reduce fragmentation ...
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Telegram Founder Pavel Durov Launches Cocoon, a Decentralised AI Project on TON
Telegram founder Pavel Durov has announced Cocoon, a decentralised AI network built on The Open Network (TON). The platform allows users to earn Toncoin by sharing GPU power while maintaining control of their personal data. Cocoon’s launch highlights Durov’s push for privacy-driven AI innovation and builds on Telegram’s growing Web3 ecosystem...
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Pudgy Penguins’ Abstract Closes, Marking Second Ethereum Layer 2 Shutdown in a Week
Pudgy Penguins’ parent organisation is shutting down Abstract, its Ethereum Layer 2 network, after investing tens of millions of dollars into the project. The blockchain will stop operating on December 15, with users asked to withdraw their assets beforehand. The decision follows limited liquidity and a choice to focus funding on the Pudgy Pengui...
-
Ethereum Sets 200 Million Gas Limit for Glamsterdam Sepolia Test
Ethereum developers are preparing to test a 200 million gas limit on Sepolia as part of the Glamsterdam upgrade. Prysm 7.2.1 includes the new configuration, replacing the 60 million default that would have applied to validators using the previous client version. The test will help developers assess how validators handle larger blocks before decisio...
-
Ethereum Network to Undergo Major Speed Upgrade Test on October 6
Ethereum’s Glamsterdam upgrade is scheduled to activate on the Sepolia testnet on October 6 at 13:53:36 UTC. The upgrade combines Amsterdam changes on the execution layer with Gloas changes on the consensus layer. Key additions include enshrined proposer-builder separation through EIP-7732 and block-level access lists through EIP-7928. Ethereum h...
-
Magic Eden Investigates Possible Exploit After NFTs Move for 0 ETH
Magic Eden is facing questions over unusual Ethereum NFT transactions involving several thousand tokens that appeared to move for 0 ETH. NFT trader Cirrus first flagged the activity on September 25, while another pseudonymous account claimed it was a whitehat operation. Magic Eden had not publicly confirmed an exploit or the legitimacy of the recov...
-
Quantum Computing Could Threaten Blockchain Security, EU Watchdogs Warn
European financial regulators have warned that advances in quantum computing could eventually undermine cryptographic systems protecting transactions, databases and blockchains. The authorities said the risks could emerge before commercially viable quantum applications become available, highlighting the need for financial firms and infrastructure p...
-
Tokenisation Is Shaping A New Financial System. Here's What's Missing
Earlier, tokenisation was discussed in the context of crypto. Now, banks and regulators are seeing blockchain as a new layer for financial markets.
-
Term Finance Reports Estimated $8.5 Million Loss Following Governance Exploit
Term Finance has reported an estimated $8.5 million loss after an attacker exploited the governance controls of its strategy vaults. Security firms said the hacker gained enough voting power to pass proposals that enabled control of the vaults, draining Ether and stablecoins. Term has halted its Meta Vaults while it works with external security exp...
-
MANTRA Halts Network Transactions Following Unspecified Incident
MANTRA Chain has halted network operations while its engineering and security teams investigate an unspecified incident affecting the blockchain. The shutdown has stopped transactions and asset transfers, with validators, public nodes, bridge migration processes, and Inter-Blockchain Communication relays among the affected components. Deposits and ...
-
1inch Introduces Aqua to Unite DeFi Liquidity on 13 Chains
Decentralised exchange aggregator 1inch has launched Aqua, a protocol designed to improve capital efficiency by unifying liquidity across 13 blockchain networks. Aqua enables users to allocate the same wallet balance across multiple DeFi strategies without locking funds into individual liquidity pools until trades are executed. The protocol combine...
-
Solana Foundation Launches STRIDE Network to Strengthen DeFi Security
The Solana Foundation has launched the STRIDE Network to improve security across DeFi protocols. Developed with Asymmetric Research, the framework evaluates projects across multiple risk areas and introduces a real-time incident response network. The move comes amid rising exploit cases, as the industry looks to strengthen transparency, monitoring,...
-
China Urges Banks to Use Blockchain for Lending, Tax Data Sharing
China is encouraging banks to adopt blockchain technology to enable secure sharing of tax data and improve lending processes. The initiative is expected to enhance transparency, reduce fraud risks, and make credit more accessible, especially for small businesses. It also reflects the country’s focus on using blockchain in regulated financial syst...
-
MeitY Launches Blockchain India Challenge, Invites Startups to Solve Governance Problems
The Ministry of Electronics and Information Technology (MeitY) announced a new national-level initiative on Wednesday. It is intended to promote the use of blockchain technology in various sectors. The initiative has been named “Blockchain India Challenge.” This is a move towards developing indigenous blockchain solutions. MeitY stated that the...
-
IBW 2025 Dates Announced: Week-Long Web3 Events Scheduled for December
India Blockchain Week (IBW) will return to Bengaluru from December 1 to 7 for its third edition, featuring conferences, workshops, and community events focused on Web3, AI, and blockchain regulation. Organised by Hashed Emergent, the week will include global speakers, developer programmes and ecosystem initiatives, with participation expected from ...
-
Crypto Firms Form Global Alliance to Standardise Stablecoin Payments
A group of major blockchain organisations, including Solana Foundation, Polygon Labs, Stellar Development Foundation, and Fireblocks, has launched the Blockchain Payments Alliance to improve interoperability and compliance across stablecoin payments. The collaboration seeks to create unified standards for digital transactions, reduce fragmentation ...
-
Telegram Founder Pavel Durov Launches Cocoon, a Decentralised AI Project on TON
Telegram founder Pavel Durov has announced Cocoon, a decentralised AI network built on The Open Network (TON). The platform allows users to earn Toncoin by sharing GPU power while maintaining control of their personal data. Cocoon’s launch highlights Durov’s push for privacy-driven AI innovation and builds on Telegram’s growing Web3 ecosystem...
