‘Build on Bitcoin’ (BOB) Launches Its Public Testnet, Revealing New Bitcoin Rollup Paradigm 11599

‘Build on Bitcoin’ (BOB), created by Interlay, marks a milestone in Bitcoin innovation with the launch of its public testnet.This development combines Bitcoin’s strong security with the ability to execute Ethereum contracts in Rust and Solidity, ensuring decentralization and scalability are maintained.

Why BOB Matters

BOB stands apart from other ETH L2 solutions with its unique focus on Bitcoin, offering specialized tools and infrastructure designed specifically for BTC integration.

“BOB embodies a new vision of building on Bitcoin,” said Alexei Zamyatin, Co-founder of BOB. “We’re embracing inclusivity over maximalism, enabling seamless interactions between the Bitcoin and Ethereum ecosystems. Imagine: Bitcoin security paired with Ethereum’s innovation powerhouse. We’re setting the stage for a future where Bitcoin’s full potential can be realized without compromising its core principles – as opposed to the status quo where 90% of Bitcoin use cases are centralized”.

What Sets BOB Apart

Three aspects mark BOB’s unique positioning in the industry.

First, it integrates Bitcoin’s secure protocol, utilizing its robust infrastructure to reinforce the security of decentralized applications on its layer 2 platform. In other words, the BOB infrastructure inherits security from Bitcoin.

Second, it features Ethereum roll-up compatibility, while maintaining support forBitcoin Rust libraries including Ordinals, Lightning, and the Nostr Asset Protocol.

Perhaps more importantly, through its connection to EVM, BOB is powered by Ethereum’s innovation, using it to provide access to assets, liquidity, users and best-in-class infrastructure.

New Features of the Public Testnet

BOB’s testnet is a showcase of its distinct features:

  • Bitcoin Security and Ethereum Innovation: Combines Bitcoin’s robust security with Ethereum Virtual Machine (EVM) for smart contract creation, fostering innovative decentralized applications.
  • Rollup Layer with ZK Enhancements: Leverages the OP stack, enabling easy user and asset onboarding to Ethereum, augmented by upcoming zkVM improvements for added privacy and efficiency.
  • BTC Bridges and Unified Asset Management: Provides trustless Bitcoin data access and bridges for Bitcoin-Ethereum interactions, alongside unified management of BTC and EVM assets for a seamless user experience.
  • Comprehensive Developer Toolkit: Offers a robust SDK with Solidity contracts and tools for building on Bitcoin, including easy management of Bitcoin NFTs (Ordinals) and ERC20 token exchanges.
  • Innovative Off-Chain zkVM Technology: Integrates Zero-Knowledge Virtual Machine for private, off-chain computation, enhancing transaction confidentiality while maintaining on-chain verifiability.
  • Account Abstraction simplifies fee payments, allowing users to seamlessly use Bitcoin for transaction costs as though it were the native currency of the network.

Join the Testnet and Contribute Feedback

Developers and enthusiasts are invited to explore BOB’s capabilities by joining the public testnet. Comprehensive documentation and a collaborative community are available for those wishing to contribute to this groundbreaking project. Interlay encourages open-source contributions and feedback.

For more information, visit: www.gobob.xyz

About BOB

Introducing BOB (“Build on Bitcoin”), the pioneering Bitcoin rollup stack seamlessly integrating Rust smart contracts, native Bitcoin libraries, and complete EVM compatibility with an added layer of zkVM technology. Develop decentralized applications on Ordinals, Lightning, Nostr, or expose your EVM smart contract to an audience of 300 million Bitcoin users. BOB enables the development of robust, Turing-complete smart contracts in both Rust and Solidity, ensuring seamless synergy with the Bitcoin ecosystem. This interoperability extends to comprehensive EVM support, providing users with a smooth transition between EVM-native and Rust-native projects, all while harnessing the power of established wallets and tools.

Visit: www.gobob.xyz

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SynFutures Introduces the First ‘Perp Launchpad’ with $1M Grant to Support Emerging Token Projects 1382

The new product enables anyone to launch perpetual futures markets for any asset, fostering innovation in the DeFi space amid the rise of memecoins and long-tail assets.

SynFutures, a leading decentralized derivatives protocol, today announced the launch of its Perp Launchpad, the first launchpad product focused on derivatives markets. The new product allows any project to launch perpetual futures markets for any native asset. Alongside this launch, SynFutures is unveiling a $1 million Perp Launchpad Grant program to support emerging projects in listing their tokens and enhancing their visibility within the rapidly expanding on-chain markets.

The crypto market has recently witnessed a surge in memecoins and other long-tail assets. Designed to complement trending spot markets with open and efficient derivatives markets, SynFutures’ Perp Launchpad enables projects to unlock new token demand and utility, providing their communities with LP (liquidity provider) rewards and more ways to trade and hedge risk through leveraged perpetual futures trading.

Perp Launchpad also pioneers the on-chain derivatives space by supporting coin-margined perp markets with single token concentrated liquidity, as well as a vault feature that helps optimize liquidity.

Launching First on Base

The initial launch of Perp Launchpad will take place on Base, allowing projects to launch perp trading pairs for any native asset on the growing L2 network. The launch follows a launchpad pilot program with established LST, LRT, and stablecoin projects like Lido, Solv Protocol, and PumpBTC.

According to the team, SynFutures has been one of contributors to the Base ecosystem growth. Since the Base expansion of V3, the latest iteration of the SynFutures protocol in July 2024, SynFutures has accounted for more than 50% of the total derivatives trading volume on Base, amounting to over $23 billion in cumulative trading volume and 138,000 on-chain users.

$1 Million Grant Program for Emerging Projects

To further support emerging projects and cultivate a thriving on-chain derivatives ecosystem, SynFutures has allocated $1 million through the Perp Launchpad Grant. Individual projects can receive grants in the form of campaign support, liquidity provision, and trading incentives, as well as co-marketing and promotional support to activate new listings.

“Providing access to derivatives markets for emerging tokens is crucial in today’s dynamic trading environment,” said Rachel Lin, co-founder and CEO at SynFutures. “By enabling perpetual futures markets for new and trending tokens, we’re not only meeting the market demand but also supporting the growth and diversification of the DeFi ecosystem. Our Perp Launchpad and Grant Program are designed to empower these projects, offering them the tools and resources they need to bring more utility and depth to their tokens.”

The Perp Launchpad Grant builds upon SynFutures’ track record of supporting emerging tokens. Previous initiatives like the DAO Perps Program and Meme Perp Summer have supported various projects, including DEGEN and MEW, since their listings on V3 in July and August 2024, respectively.

Unique Opportunities for Traders

For traders, the Perp Launchpad offers the chance to access a wider range of assets, including trending tokens that may not be available on other platforms across CeFi and DeFi. As memecoins and long-tail assets continue to drive attention, traders can engage in leveraged trading to capitalize on market movements and potential arbitrage opportunities. The platform also offers various incentives such as trading competitions and promotional events, providing traders with additional avenues to enhance their potential returns while participating in the on-chain economy.

Applications Now Open

Applications for the Perp Launchpad Grant are now open and will be accepted on a rolling basis. Eligible projects are encouraged to submit applications via the application form, users can check eligibility requirements at http://launchpad.synfutures.com/.

About SynFutures

SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and on-chain order book model.

Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.

Meridian 2024 marks ten years of stellar ecosystem growth 1960

Meridian 2024, Stellar Development Foundation’s annual conference, wrapped up three days of sessions highlighting the growth in the Stellar network’s ecosystem and featured exciting announcements from a number of partner organizations. Meridian 2024 brought together developers, founders, entrepreneurs, policymakers, and leaders who are making real-world change with blockchain technology.

“Our community of builders is the true strength of the Stellar network. Meridian is our chance to get together and celebrate the growth of the Stellar ecosystem and all the ways Stellar is making everyday financial services available to people across the globe,” said Stellar Development Fund CEO Denelle Dixon. “This year’s Meridian demonstrated that Stellar is where blockchain meets the real world and that the next decade of Stellar is going to be even more transformative.”

Over the past decade, the Stellar ecosystem built a network with seamless cross-border payments, powerful asset tokenization tools, unrivaled cash-to-crypto gateways, a first-of-its-kind blockchain solution for aid disbursement, and a smart contracts platform purpose-built for developers who want to build with speed and scalability.

Some of the highlights from Meridian 2024 include:

  • Tala unveiled a non-custodial crypto wallet. Built on the Stellar blockchain, the wallet enables Tala customers to have autonomy over their digital currencies.
  • Stripe announced crypto payouts on Stellar.
  • MoneyGram International announced its new wallet built on Stellar.
  • Dune announced that Stellar is now fully integrated into Dune. This integration gives Dune users access to powerful analytics tools for exploring the rich ecosystem of Stellar data, helping developers, analysts, and blockchain enthusiasts unlock new insights.
  • Actor, Filmmaker & UN Goodwill Ambassador Idris Elba debuted the Akuna Wallet, a crypto wallet targeted towards African creators in partnership with Chipper Cash and the government of Ghana.
  • The Stellar Development Foundation announced a new partnership with Mastercard to integrate the company’s Crypto Credential solution with the Stellar network. Mastercard Crypto Credential, which helps verify interactions among consumers and businesses using blockchain networks, will be embedded in the Stellar ecosystem as the exclusive credentialing solution to enable a range of secure, compliant use cases for crypto wallet providers including Coins.ph, Mercado Bitcoin, and Wirex.
  • Etherfuse CEO David Taylor announced that Etherfuse will join the Stellar network in 2025.
  • Paxos announced it will integrate with the Stellar network, bringing its USDL stablecoin to a wider audience. This represents another expansion of Paxos’ regulated tokenization platform to a trusted and growing blockchain.
  • Blockaid announced its security technology is coming to the Stellar ecosystem.

About Meridian

Meridian is a 3-day annual conference that brings together developers, founders and entrepreneurs, leaders from traditional and decentralized finance, policymakers, and more to share, learn, build, and engage on the theme of Transformation.

UBS Asset Management launches its first tokenised Money Market Fund, available through DigiFT 2117

UBS Asset Management, launches its first tokenized investment fund “uMINT”, made available through authorized distribution partner, DigiFT.

With DigiFT, investors can subscribe to uMINT using their preferred custody wallet solution, gaining access to real-time redemption capabilities via DigiFT’s platform. uMINT, a Money Market investment underpinned by high quality money market instruments based on a conservative, risk-managed framework, is built on Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service, a full service offering for digital asset services, that seeks to open the door to the world of decentralized finance to a broader range of market participants.

“We’re honoured to be an authorized distribution partner for UBS Asset Management in launching their first tokenized money market fund. This is a significant milestone in the world of Web3, and a testament of our ability to transform capital markets. Not only does this partnership bridge traditional finance with digital and decentralized technologies, it also demonstrates our ability to deliver next-generation investment solutions on an open network – for a new generation of global investors,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT.

As part of the partnership, DigiFT will provide infrastructure for managing and monitoring on-chain distribution activities and transactions for the new tokenized money market fund. Enabled by blockchain technology, DigiFT’s best-in-class, open infrastructure ensures all transactions are stored and recorded on an immutable ledger, providing real-time operational and audit visibility. Beyond streamlining administrative processes, DigiFT is able to leverage smart contracts and facilitate automated compliance and operational efficiencies, further allowing investors to invest and explore new financial Web3 use cases.

DigiFT is the first exchange deploying smart contract methods and processes, with an automatic market-making mechanism, to be recognized as a Recognised Market Operator (RMO) and awarded the Capital Markets Services (CMS) license by the Monetary Authority of Singapore.

About DigiFT

DigiFT is the first exchange for on-chain real-world assets to be licensed by the Monetary Authority of Singapore. Find out more www.digift.sg

Understanding Homnifi: Your gateway to Web3 1909

In the rapidly evolving digital landscape, the need for accessible and user-friendly platforms has never been greater. Homnifi emerges as a vital player in this arena, dedicated to making the world of Web3 available to everyone. The mission of Homnifi is clear: to simplify access to decentralized applications (dApps) and blockchain technology, ensuring that users—from beginners to seasoned tech enthusiasts—can navigate this new digital frontier with ease and confidence.

By bridging the gap between traditional internet experiences and the emerging decentralized ecosystem, Homnifi empowers individuals to explore the endless possibilities of Web3. Its user-centric approach fosters an inclusive environment, where anyone can participate in the digital revolution without the steep learning curve often associated with blockchain technologies.

What sets Homnifi apart?

Homnifi stands out in the crowded blockchain space due to its commitment to accessibility and simplicity. Many existing platforms can overwhelm new users with complex interfaces and jargon. Homnifi addresses this challenge by offering a streamlined experience that demystifies blockchain technology. Users can engage with dApps seamlessly, ensuring that their entry into the Web3 world is both enjoyable and enriching.

Moreover, Homnifi actively works on educational initiatives to empower users with knowledge. By providing tutorials, webinars, and resources, Homnifi cultivates a community that is informed and equipped to leverage the benefits of decentralized technologies. This commitment to education further solidifies Homnifi’s role as a gateway to Web3, making it a go-to platform for those eager to learn and grow.

Overview of Web3 and its significance

Web3 represents the next phase of the internet, characterized by decentralization, user ownership, and enhanced security. Unlike its predecessor, Web2, which relies heavily on centralized platforms and intermediaries, Web3 aims to put control back into the hands of users. This shift is significant as it enables individuals to own their data, participate in decentralized networks, and engage with a variety of applications that operate on blockchain technology.

The transformative power of Web3

The importance of Web3 lies in its potential to reshape various industries by promoting transparency, reducing the power of intermediaries, and fostering trust among users. As the world becomes increasingly digital, the transition to Web3 will facilitate innovative solutions in areas such as finance, supply chain management, healthcare, and social interaction.

For instance, in finance, Web3 can enable peer-to-peer transactions without the need for banks, lowering costs and increasing transaction speeds. In supply chain management, blockchain technology can provide verifiable tracking of products, ensuring authenticity and reducing fraud. These applications highlight how Web3 can enhance efficiency and integrity across sectors.

Homnifi’s role in the Web3 revolution

By providing a seamless gateway to this new era, Homnifi plays a crucial role in helping users harness the benefits of Web3. Its platform not only connects users with decentralized applications but also encourages the exploration of innovative solutions that can enhance everyday life.

Furthermore, Homnifi facilitates community engagement, allowing users to share experiences, insights, and feedback. This collaborative approach enriches the platform, making it a living ecosystem where users can learn from one another and grow together.

Conclusion

In conclusion, Homnifi stands as a beacon for those eager to explore the world of decentralized applications and blockchain technology. By making Web3 accessible and engaging, it simplifies the journey for newcomers and empowers experienced users to delve deeper into the opportunities this revolutionary space has to offer. With Homnifi, the future of the internet is not just a concept; it’s an accessible reality.

As we move forward in this digital age, platforms like Homnifi will be essential in shaping the landscape of Web3, ensuring that everyone has the tools and knowledge to participate in this exciting new world.

About Homnifi

Homnifi is a pioneering platform dedicated to making Web3 accessible for everyone. With a mission to simplify the journey into decentralized applications (dApps) and blockchain technology, Homnifi empowers users—from novices to seasoned tech enthusiasts—to explore the transformative potential of the digital landscape with ease and confidence. By offering a user-friendly interface and educational resources, Homnifi demystifies complex blockchain concepts, ensuring that individuals can engage with the decentralized world without barriers.

As a gateway to Web3, Homnifi fosters community engagement and collaboration, allowing users to connect, learn, and grow together. The platform promotes transparency, user ownership, and enhanced security, positioning itself as a vital player in the ongoing digital revolution. With a commitment to innovation and inclusivity, Homnifi is shaping the future of the internet, making it a place where everyone can thrive in the evolving digital ecosystem.

For more information, visit Homnifi’s website at https://homnifi.com/

Paxos Introduces Global Dollar (USDG) 1657

Paxos, the leading regulated blockchain and tokenization infrastructure platform, today introduced Global Dollar (USDG) – a US dollar-backed stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority of Singapore (MAS). Paxos’s affiliate, Paxos Global Pte. Ltd., will partner with global exchanges, wallets and platforms to distribute USDG to individuals and institutions.

USDG is a new, safe and trusted stablecoin that will accelerate the global adoption of stablecoins. It is designed to support the needs of regulated institutions that maintain higher standards of operation. USDG is available today on Ethereum and will be issued on more blockchains in the near term. Paxos is required to hold only high-quality liquid assets to back USDG – US dollar deposits, short duration US Government securities and other such cash equivalents. This ensures USDG maintains 1:1 parity with the US dollar and consumers can redeem their tokens for fiat at all times.

Ronak Daya, Head of Product at Paxos, said: “Enterprise interest in stablecoins has never been higher than it is today, but the market lacks a solution that combines regulatory compliance with real economic incentives for enterprises. Keeping with the Paxos tradition of powering infrastructure for the world’s most important and innovative enterprises, we are thrilled to launch the Global Dollar (USDG). USDG offers a trusted solution with a top-tier banking partner in DBS that will be the catalyst to drive stablecoin innovation and enterprise adoption at a global scale.”

Paxos has a strong track record of building blockchain solutions that financial industry leaders can trust. USDG represents the sixth digital asset to be successfully issued by Paxos, the first from Paxos Digital Singapore. Its digital assets include PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG), which are issued by Paxos Trust Company, LLC, a limited purpose trust company overseen by the New York Department of Financial Services. Paxos International, a UAE-based affiliate of Paxos regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), issues the yield-bearing stablecoin Lift Dollar (USDL). Each of these assets provides users with a quality, 1:1 asset parity overseen by the highest levels of regulatory oversight. The company is the trusted partner for enterprises around the world to tokenize, custody, trade and settle assets.

DBS Bank, Southeast Asia’s largest bank by assets and recognized as the Safest Bank in Asia for 16 consecutive years by Global Finance, will serve as Paxos’ primary banking partner for cash management and custody of USDG reserves. Dollars backing USDG will be held in reserve and managed by Paxos Digital Singapore via DBS.

The smart contract of USDG can be viewed via Etherscan and GitHub. Businesses interested in learning more about Global Dollar can contact the team at www.globaldollar.com.

About Paxos

Paxos is the leading regulated blockchain infrastructure and tokenization platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.

Paxos partners with leading global enterprises to tokenize, custody and trade assets. Its blockchain solutions are used by leaders like PayPal, Interactive Brokers, Mastercard, Mercado Libre and Nubank. Paxos is licensed to engage in virtual currency business activity by the NYDFS and is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Its affiliate company Paxos International issues the yield-bearing regulated stablecoin Lift Dollar (USDL). Prudentially regulated by the NYDFS in the US, the MAS in Singapore and FSRA in Abu Dhabi Global Market, Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures.

FDUSD Expands to the Solana Blockchain to Further Strengthen and Bolster Access 1660

First Digital Group (“First Digital” or the “Group”), a leader in digital asset custody and trust services in Asia and parent company of FD121 Limited (also known as First Digital Labs), announces that First Digital USD (“FDUSD”) will be natively deployed to the Solana blockchain, further strengthening and bolstering access to the stablecoin.

The announcement was made at Binance Blockchain Week 2024, marking a significant milestone in First Digital’s commitment to delivering fast, secure, and cost-effective stablecoin transactions for global users. By integrating with Solana’s high-performance blockchain, FDUSD will leverage Solana’s ultra-fast transaction speeds, low fees and high scalability to meet growing demand for accessible, cross-chain stablecoin solutions by end of 2024.

As a fast-growing challenger in the stablecoin arena, FDUSD continues to provide diverse options to users and partners. By adding Solana to its growing list of supported blockchain networks, FDUSD will empower both retail and institutional users to take advantage of Solana’s scalability, unlocking new possibilities for cross-border payments, decentralised finance (DeFi), and everyday transactions.

With Solana’s impressive processing speed—capable of handling up to 65,000 transactions per second—users can experience near-instant transaction confirmations. This integration aims to support applications in areas such as DeFi and payments, driving greater utility and adoption of FDUSD across both emerging and established markets.

Vincent Chok, CEO and Founder of First Digital commented: “Expanding FDUSD onto Solana represents a significant step in our mission to enhance its accessibility, availability and utility across multiple blockchain ecosystems. Solana’s robust and scalable infrastructure will allow us to deliver even greater value to our users, supporting a wider range of financial use cases and enabling faster, more efficient transactions.”

Lily Liu, President of Solana Foundation, added: “As Solana continues to lead the way to redefining blockchain scalability and performance, we are excited to welcome FDUSD into our ecosystem. The integration of FDUSD on Solana will enable new possibilities for real-world, on-chain financial innovations.”

FDUSD is a 1:1 USD-backed stablecoin issued by First Digital Labs, the brand name of FD121 Limited. The FDUSD stablecoin is backed on a 1:1 basis by one U.S. dollar or assets of equivalent fair value, held in accounts of regulated financial institutions globally. Independent reserve audits are published monthly. FDUSD is currently available on Ethereum, BNB Chain and Sui.

About First Digital Group

First Digital Group (“First Digital”) is the parent company of First Digital Trust Limited, Asia’s leading qualified custodian and registered trust company, and FD121 Limited (also known as First Digital Labs), issuer of First Digital USD (FDUSD).

First Digital Group safeguards, advances and innovates to help clients navigate digital assets as well as benefit from trusted next-generation financial services.

First Digital was established in 2017 under the umbrella of the Legacy Trust Company, an established custodian and trust established in 1992 and registered under the Trustee Ordinance in Hong Kong. Its mission is to help clients benefit from a digital-first future by combining digital asset innovation with its strong foundation in trust, custody and asset management services. The Group’s custody and trust arm, First Digital Trust Limited, was established in 2019 and became a fully independent public trust corporation headquartered in Hong Kong with a presence across Asia.

First Digital Trust Limited has been recognised as one of HSBC’s ‘Emerging Giants in Asia Pacific’ Report 2022, while its innovation subsidiary, FD121 Limited (a.k.a. First Digital Labs), is the issuer of the FDUSD stablecoin.

Website: www.1stdigital.com

About First Digital Labs

First Digital Labs is the brand name of FD121 Limited, a Hong Kong-registered subsidiary under the First Digital Group. First Digital Labs focuses on cutting-edge research and development, specialising in the innovation and advancement of digital assets. First Digital Labs is the issuer of the FDUSD stablecoin.

To learn more about First Digital Labs, visit https://firstdigitallabs.com/