AltLayer rollups to now support Polygon CDK stack 11237

AltLayer, the leading rollups infrastructure provider that accelerates scaling for Web3, has now become an implementation provider for Polygon CDK. We will speed up access to Polygon CDK for our rollup users who are looking to deploy L2s on Ethereum.

Polygon CDK (Chain Development Kit) is a collection of open-source, modular software components that facilitate either (a) the launch of ZK-powered L2 chains on Ethereum, or (b) the smooth transitioning of existing Layer 1 (L1) chains into L2s. Chains created with Polygon CDK can be interconnected, and can tap into a host of other features including unified blockspace for faster and cheaper zk proofs; sovereignty and customizability in transaction costs; data storage; future interoperability; and access to Ethereum liquidity.

“Polygon CDK is designed to simplify the launch of ZK-powered L2 chains on Ethereum. Our objective is to enhance the scalability enabled by the Polygon CDK tech even a step further. Implementation providers can help developers to build their Polygon CDK-developed chains more rapidly and securely. It’s particularly thrilling to see the ambitious product features of AltLayer, such as Flash Layer Rollups, which is designed to make it more straightforward for developers and enterprises to quickly set up and dismantle their disposable roll-ups,” said Osman Sarman, Polygon Labs Enablement Team.

As an implementation provider, AltLayer will provide end-to-end support and tooling for those who wish to deploy a rollup using Polygon CDK. Once the integration is complete, developers can choose between the validium or rollup mode, or pick any of their preferred alternative DA providers such as EigenDA, Celestia, and Avail.

Dr. Jia Yaoqi, CEO of AltLayer said: “Linking together infrastructure that pushes modularity forward requires strategic collaborations that can serve the larger ecosystem and developers. We’re thrilled to support the Polygon CDK stack, offering a highly performant and trustworthy DA layer to our rollup users. As part of this vision, we subsequently plan to integrate EigenDA and Celestia with Polygon CDK to give users a galore of options that can fast-track their L2 product deployment.”

As a leading RaaS provider, AltLayer’s rollups adhere to enterprise standards, managed and designed for optimal scalability with the Polygon CDK framework. It comes with the option for customizability, enterprise-grade RPCs, dedicated provers, flexibility to run in either validium or rollup mode, monitoring tools, 24 x 7 customer support, and a rich ecosystem that makes deployment streamlined, convenient, and more secure.

In the coming months, each chain spun up via Polygon CDK can be highly interoperable with other Polygon CDK chains – making it extremely developer-friendly, and allowing a seamless flow of assets and messages across Polygon CDK rollups. Numerous projects are utilizing Polygon CDK to launch their chains, including the likes of AaveGotchi, Immutable, Pay, and Wirex.

About AltLayer

Founded in 2021, AltLayer builds the infrastructure that enables developers to launch highly modular application-tailored rollups. The AltLayer protocol consists of a core network – the ‘Beacon Layer’ – which serves as a common sequencing, execution, and verification network for all rollups.

Built atop this protocol, AltLayer also offers a no-code Rollups-as-a-Service (RaaS) launchpad that allows anyone to spin up a customized rollup within 2 minutes with only a few simple clicks. The RaaS launchpad is designed for a multi-chain and a multi-VM world. It supports different rollup SDKs such as OP Stack, Arbitrum Orbit, Linea, Polygon zkEVM CDK, and Starkware among others.

Industries spanning the NFT sector, Web3 gaming, DeFi, real-world asset tokenization, and others leverage these rollups to scale their applications. AltLayer can help save considerable capital, reduce years of development work for teams, encourage innovation, and fast-track experimentation while being fully open and permissionless.

Inspired by modularity, AltLayer aims to facilitate a world with hundreds of thousands of customizable rollups across Web3 with our solutions.

Want to be an Alter? Join our community.

  • Follow updates: https://twitter.com/alt_layer
  • Engage with us: https://discord.gg/altlayer
  • Learn more: https://altlayer.io/

About Polygon CDK

The Polygon Chain Development Kit (CDK) is an advanced open-source framework designed for the rapid deployment of ZK-powered Layer 2 (L2) blockchains on Ethereum. With a strong emphasis on modularity, Polygon CDK empowers developers to either initiate new Ethereum L2 chains or seamlessly transition existing Layer 1 (L1) chains into L2s. Chains created through Polygon CDK can be interconnected, ensuring near-instant finality, boundless scalability, and a unified liquidity pool.

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ShibaSwap Comes Home: Decentralized Exchange ShibaSwap Ports to Shibarium, Unleashing the Power of Community 2678

SHIB, a world-leading ecosystem of decentralized finance (DeFi) cryptocurrencies that has gained popularity among millions of holders worldwide, today announced that it has ported its decentralized exchange ShibaSwap to the Shibarium blockchain. The DEX will now be usable on both Ethereum and Shibarium. The move is the defining upgrade for ShibaSwap, empowering creators, fostering connections, and driving innovation on Shibarium.

ShibaSwap, powered by Shibarium, will offer a variety of new decentralized exchange and decentralized app (Dapp) utilities, including:

  • A brand new and enhanced dashboard and improved user processes (add/withdraw liquidity, staking, trend analysis, and more)
  • Discovery charts for new and trending tokens to help traders navigate the market’s volatility and craziness
  • The onboarding of new tokens onto ShibaSwap

The community is encouraged to leverage ShibaSwap on Shibarium. Part of the transaction fees portion will be utilized to enhance the value of the LPs used in the swap transaction. This results in an increase in the value of the LP tokens for users, ultimately benefiting the community of yield farmers as a whole.

“The new ShibaSwap empowers DEFI innovators looking for the next hit on Shibarium to find, swap, and interact with community tokens in an entirely new way! It is the redesigned beating heart of a freshly forked Shibarium, where community tokens can flourish. We invite the community to try our new swap and invite current Shibarium tokens to port over to our swap with ease. Finally, rest assured, this new UX is still an early Shibaswap version, with more updates in the pipeline for the product,” said Shiba Inu Lead Developer known as Shytoshi Kusama.

Focusing on facilitating high-speed transactions with minimal gas fees and transforming the user experience in the blockchain space, Shibarium is built on the community-first and environment-friendly consensus mechanism. Anyone can build cost-effective protocols on Shibarium, expanding the reach and potential of the ecosystem while enriching the overall user experience. Shibarium also supports the other growing segments of the Shiba Inu Ecosystem, including the $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, the ShibaSwap DEX, and the Shiba Eternity game.

About SHIB

SHIB is a world-leading ecosystem of decentralized finance (DeFi) cryptocurrencies that has gained popularity among millions of holders worldwide. It has 3.9 million X (formerly Twitter) followers and is frequently ranked as the second-most searched crypto project by Google. Its ecosystem of tokens include $SHIB, $LEASH, and $BONE, plus native SHIBOSHIs and SHEboshi NFTs. SHIB.io utilizes the Shib Ecosystem to power quality technologies including SHIB:The Metaverse and Shibarium, the Layer 2 blockchain providing a solid foundation, scalability, security, and innovation for a decentralized world.

To learn more about SHIB, please visit the official website: https://www.shib.io.

Anchorage Digital Adds Support for Native DYDX Staking 3180

Institutional crypto platform Anchorage Digital has announced support for native DYDX staking. Now, institutions can stake DYDX from safe and secure custody at Anchorage Digital and earn staking rewards distributed by the protocol in USDC.

As home to the only federally chartered digital asset bank, Anchorage Digital provides crypto custody, staking, and other services for some of the top names in traditional and decentralized finance. As the partner of choice for crypto innovators, Anchorage Digital has supported ethDYDX custody since mainnet launch in August 2021 and native DYDX custody since the launch of the dYdX Chain in Q4 last year. The expansion into staking support marks a major step forward in advancing safe and secure institutional participation in the dYdX ecosystem.

“For many institutions, custody is just the start. Increasingly, institutions want to engage in staking, earn rewards, and contribute to the long-term scaling of innovative networks like dYdX. By adding staking support for its native token, DYDX, Anchorage Digital is proud to help unlock a new era of institutional participation in the dYdX ecosystem.” — Nathan McCauley, CEO and Co-Founder of Anchorage Digital

Anchorage Digital supports hundreds of top assets, which are selected on the basis of institutional demand and must meet rigorous quality and safety standards. Clients can easily stake DYDX to earn staking rewards, with both the underlying assets (DYDX tokens) and staking rewards (USDC tokens) held in safe and secure custody on the Anchorage Digital platform.

“Anchorage Digital’s integration of native DYDX staking initiates a new era of institutional engagement with dYdX. Staking involves more than just the accumulation of USDC rewards; it is a proactive effort to enhance the growth and sustainability of the dYdX ecosystem. This collaboration provides best in class custody solutions and boosts the attractiveness of the protocol.” — Charles d’Haussy, CEO of dYdX Foundation

The dYdX Chain is the world’s leading DeFi protocol focusing on perpetual futures, fully decentralized and community-governed. It distributes 100% of protocol fees to DYDX stakers for bolstering the dYdX Chain’s security. Since its launch six months ago, the dYdX Chain has generated over $136 billion in cumulative trading volume and has distributed over $23 million in USDC as staking rewards to nearly 20,000 stakers, with a current annual return rate of 18% as of May 13, 2024, according to Mintscan. The integration of Anchorage Digital’s staking support for native DYDX enhances institutional interest through Anchorage’s secure and regulated custodial services. This partnership provides a compliant staking solution for DYDX token holders and supports institutional adoption, contributing to the ecosystem’s growth.

About Anchorage Digital

Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.

About the dYdX Foundation

The dYdX Foundation’s purpose is to support and grow the dYdX protocol ecosystem by enabling communities, developers, and decentralized governance.

The dYdX Chain software is open-source software to be used or implemented by any party in accordance with the applicable license. At no time should the dYdX Chain or its software be deemed to be a product or service provided or made available in any way by the dYdX Foundation. Interactions with the dYdX Chain software or any implementation thereof are permissionless and disintermediated, subject to the terms of the applicable licenses and code. Users who interact with the dYdX Chain software (or any implementations thereof) will not be interacting with the dYdX Foundation in any way whatsoever.

Liminal Custody Secures Key ADGM FSP License, Reinforcing Leadership in Digital Asset Custody 3519

Liminal Custody, a leading provider of digital asset custody and wallet infrastructure solutions, announced a landmark achievement today, the acquisition of Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). This prestigious license is a significant milestone in Liminal’s journey, solidifying its commitment to regulatory compliance and innovation within the burgeoning digital asset space.

Obtaining the FSP positions Liminal as a trusted partner for institutions seeking secure and compliant solutions for safeguarding their valuable digital assets. Notably, the license grants Liminal the ability to operate as a regulated custodian within the Middle East, a rapidly growing financial hub. This expansion broadens Liminal’s reach and allows it to serve a wider range of clientele seeking best-in-class digital asset custody solutions.

Building Trust Through Regulatory Compliance

Mahin Gupta, Founder of Liminal Custody, expressed his satisfaction with the achievement, stating, “We are honored to receive the ADGM FSP license. This accomplishment represents the culmination of significant effort on behalf of our entire team, all dedicated to upholding the highest regulatory standards. Building trust within the digital asset industry, which is undergoing rapid evolution, is a core tenet of our mission. The ADGM FSP license serves as a powerful validation of our commitment to compliance. We are confident that this achievement will further empower us to deliver best-in-class custody solutions to our clients, ensuring the continued security and integrity of their digital asset holdings.”

The Symbiosis of Compliance and Innovation

The digital asset industry is experiencing exponential growth, with a corresponding demand for regulatory clarity to foster long-term stability and mainstream adoption. Liminal believes that a robust regulatory framework, when coupled with continuous innovation, is the cornerstone for building a secure and thriving digital asset ecosystem. By adhering to stringent regulations, Liminal ensures the safety and security of client assets, while its unwavering commitment to innovation allows it to develop cutting-edge solutions that address the evolving needs of the digital asset landscape. This two-pronged approach – prioritizing both regulatory compliance and technological advancement – positions Liminal as a leader in the digital asset custody space.

Commenting on Liminal achievement, Arvind Ramamurthy, Chief of Market Development at ADGM said: ” We congratulate Liminal on completing its licensing process and receiving the required Financial Services Permission (FSP) from the FSRA of ADGM. Liminal’s focus on regulatory compliance and innovative solutions in the space of digital assets aligns with ADGM’s vision for fostering a dynamic and trusted financial ecosystem that prioritizes upholding the highest standards of security and innovation. We look forward to witness Liminal’s contribution to the growth of the digital asset industry in Abu Dhabi and beyond.”

Amir Tabch, CEO of Liminal Custody Middle East and Senior Executive Officer of the Category 3C ADGM-regulated entity First Answer Middle East Limited, remarked: “Earning the ADGM FSP license is a clear indicator of Liminal’s ironclad dedication to compliance and innovation. This achievement not only positions us at the forefront of digital asset custody but also signals our pivotal role in its future evolution. By equally valuing regulatory compliance and technological progress, we aim to equip institutions with the confidence to explore the digital asset realm, tapping into its vast, transformative potential. This milestone is a springboard for Liminal’s continued growth and a significant contribution towards the digital asset industry’s maturity.”

About Liminal Custody

Liminal is a compliant and insured digital asset custody and wallet infrastructure provider that provides both MPC wallets and multi-sig wallets. Launched in April 2021, Liminal is a CCSS Level 3, SOC Type 2 and ISO 27001 & 27701 certified organization. Liminal is based in Singapore, has operations spread across APAC MENA and Europe, along with offices in Singapore, India and UAE.

Liminal takes pride in supporting businesses with their qualified and insured digital asset custody platform, which enables stress-free safekeeping of digital assets for institutions. Liminal also provides a cutting edge wallet infrastructure platform that is secure, compliant and automated and comes with a plug-and-play architecture for faster onboarding of developers, business partners and government agencies.

About Abu Dhabi Global Market (ADGM)

The Abu Dhabi Global Market (ADGM), an international financial center (IFC) located in Abu Dhabi, the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by a UAE Federal Decree as a comprehensive financial center, ADGM enhances Abu Dhabi’s stature as a global trade and business hub. It serves as a strategic connector between the burgeoning economies of the Middle East, Africa, and South Asia, and the rest of the world.

ADGM’s strategy leverages Abu Dhabi’s key strengths in areas such as private banking, wealth management, asset management, derivatives and commodities trading, financial innovation, sustainability, and more. It comprises four independent authorities: the ADGM Authority, ADGM Courts, the Financial Services Regulatory Authority, and the Registration Authority. As an IFC, ADGM governs the entire 114 hectares (1.14 square kilometers) of Al Maryah Island, a designated financial free zone.

$GTAI Listing on a New CEX: 2 Days Left 3748

Exciting news is coming for the cryptocurrency market as $GTAI, a token of GT Protocol, is preparing to get listed on a new CEX in just 2 days. After its successful debut on top platforms like Bybit, Kucoin, Gate.io, MEXC, HTX, and Bitget, $GTAI has emerged as one of the most promising token launches of 2024.

In celebration of this imminent listing on a new CEX, GT Protocol has announced a $10,000 giveaway as a sign of appreciation for the community’s support and enthusiasm for the project. The event details and instructions on how to participate in the giveaway can be found on GT Protocol’s official X channel.

On May 15th at 12:00 UTC, we will unveil a new CEX, where $ GTAI will be listed. This strategic expansion is not just a move but a leap towards enhancing $ GTAI’s liquidity and accessibility. It’s a step that will further establish $ GTAI’s presence in the global cryptocurrency market.

GT Protocol is a game-changer, pioneering an AI Layer for Web3, aiming to onboard 100 million users with its innovative technology. GT Protocol offers an AI model specifically designed for Web3 investments, trading, and portfolio management. It is also developing an AI tool similar to ChatGPT for the cryptocurrency market that will enable users to manage their crypto portfolios, execute trades on CEX and DEX, or engage with NFT platforms through simple text or voice commands. This tool will easily answer any query and fill up the gap in your crypto knowledge.

$GTAI proudly announces its partnerships with industry giants such as Binance, OKX, and Tron blockchain, leveraging these relationships to enhance the GT Protocol and expand its user base. Furthermore, GT Protocol has over 90,000 users of GTAPP and a vibrant community of 900,000 followers across various social media platforms.

Stay tuned for more updates on this promising project as it continues to make waves in the cryptocurrency and blockchain space.

XREX Singapore Receives MAS Major Payment Institution Licence 3803

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments in emerging markets, announced today that it has obtained the Major Payment Institution (MPI) Licence from the Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator. This comes after it received its in-principle approval from the MAS in November last year.

Commenting on XREX’s engagement with the MAS, XREX Singapore Chief Executive Officer (CEO) Christopher Chye said, “Our engagements with the MAS have repeatedly shown us why they are internationally revered as a leading central bank and financial regulator. With this licence in hand, XREX Singapore will endeavour to bring blockchain-enabled digital payment currencies to ubiquity.”

XREX Singapore facilitates frictionless cross-border payments for import and export transactions, particularly for small-medium businesses (SMBs) in emerging markets. This strategic emphasis aligns with XREX’s mission to foster financial inclusion in emerging markets.

“The MPI licence is a testament to our unwavering commitment to the highest regulatory compliance standards. We look forward to working with one of the world’s leading regulators to make blockchain finance safe and accessible to the general public,” said XREX Co-founder and Group CEO Wayne Huang.

XREX Singapore will launch XREX Pay, a platform providing cross-border B2B payment features for corporates, as well as remittance solutions, such as helping migrant workers send money home. XREX Pay will support Singapore Dollar (SGD) and U.S. Dollar (USD) payment rails and stablecoins such as USDT and USDC, all while demonstrating a robust and practical implementation of the Financial Action Task Force (FATF) travel rule.

XREX Singapore’s licence encompasses a total of six payment services, namely:
i) Account issuance service;
ii) Domestic money transfer service;
iii) Cross-border money transfer service;
iv) Merchant acquisition service;
v) E-money issuance service; and
vi) Digital payment token service.

“XREX is approved for six of the seven payment services under the MPI licencing regime. With XREX Singapore as the group’s Asia Pacific headquarters, XREX looks forward to expanding its partnership with major banks, credit card institutions, and payment institutions to build next-generation financial systems that integrate traditional and blockchain finance,” said XREX Co-founder and Group Chief Revenue Officer Winston Hsiao.

About XREX

XREX Singapore is an MAS-regulated financial institution that leverages blockchain technology to make cross-border payments faster, cheaper, and safer for businesses globally. Its proprietary escrow payment feature, BitCheck, empowers enterprises to switch flexibly between digital currencies, stablecoins, or traditional currencies, thereby ushering their businesses into the new era of digital money. XREX Singapore also specializes in working with emerging markets businesses to help solve their issues with USD liquidity access.

XREX Group, is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. It provides enterprise-grade banking services to small to medium-sized businesses (SMBs) in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide.

Founded in 2018 and operating globally under multiple licences, XREX offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, asset management, and fiat currency on-off ramps.

Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education.

The new energy index trading platform PHPGOV has announced a strategic partnership with leading energy companies to promote the development and application of energy globally 4740

As global demand for renewable energy continues to rise, the new energy sector has become a focal point for development by governments and corporations worldwide. Recently, PHPGOV, a leading new energy index trading platform, announced strategic partnerships with several top energy companies to jointly advance the development and application of new energy globally and contribute to building a clean and sustainable energy future.

PHPGOV, recognized as a pioneer in the new energy sector, is committed to establishing a globally leading new energy index trading platform that offers investors a secure and convenient channel for investing in new energy. By forming strategic alliances with top energy companies, PHPGOV aims to leverage its strengths and consolidate resources to explore development opportunities and innovative models within the new energy sector.

This strategic cooperation will encompass various areas including, but not limited to, technology research and development, market expansion, and industrial collaboration. PHPGOV and its partners will jointly conduct research and innovation in new energy technologies, pushing for breakthroughs and applications to enhance energy efficiency and utilization. Moreover, the parties will intensify market cooperation, collectively penetrate new energy markets, and expand sales channels for new energy products, thus promoting the healthy development of the new energy industry.

Additionally, PHPGOV will engage in industrial collaboration with leading energy companies to build a new energy industrial chain, fostering mutual growth within the industry. The partners will enhance collaboration in project investment, financial operations, and risk management to advance the realization of new energy projects and ensure the sustainable development and profitability of the new energy sector.

For PHPGOV, this strategic partnership is of significant importance. It will not only elevate PHPGOV’s influence and competitiveness in the new energy sector but also accelerate its global expansion. Furthermore, collaboration with leading energy companies will provide PHPGOV with additional resources and support, fueling the platform’s growth and expansion.

For the top energy companies, partnering with PHPGOV represents a crucial strategic decision. As a leader in the new energy index trading platform market, PHPGOV offers extensive industry experience and superior service quality, providing professional services and support to explore opportunities and business models in the new energy sector.

In conclusion, the strategic partnership between PHPGOV and leading energy companies will inject new vitality into the global energy sector, promoting the healthy development and sustainable growth of the new energy industry. PHPGOV is poised to make a positive contribution to building a clean, sustainable energy future.

PHPGOV Exchange Co., Ltd was established in October 2020 in the United States with the company number: 20201931985. The registered address is 1670 Broadway, Denver, CO 80202, United States.