TL;DR EigenLayer activated slashing, a feature that allows penalizing malicious operators by removing part or all of their restaked collateral. Each validated service will be able to define its own penalty rules, enabling a progressive and controlled implementation.

Astar, AltLayer, and EigenLayer partner to build a Fast Finality Layer for Soneium and slash finality by 98% to under 10 seconds. The post Soneium Slashes Finality by 98% With Astar Network, AltLayer, and EigenLayer appeared first on Cryptonews.

TL;DR Soneium, developed by Sony Block Solutions Labs, has slashed transaction finality time from 15 minutes to under 10 seconds. This breakthrough is made possible through a new partnership with AltLayer and EigenLayer, utilizing restaking technology and decentralized validators.

The crypto market's volatility continues, compounded by the absence of bullish signals from broader financial markets. While altcoins are becoming less dependent on external developments, they are increasingly relying on internal network progress to drive price movement.

This week, several top crypto news events are in the lineup, with stories spanning various ecosystems and having price implications for concerned tokens. From Jupiter and Orca decentralized exchanges (DEX) to PolitiFi meme coin TRUMP, multiple developments are already in the pipeline.

Babylon Labs also unveiled the Babylon Genesis mainnet, a layer one blockchain powered by its native token “baby.

EigenLayer has enhanced two major integrations, with Mantle Network and ZKsync adopting EigenDA for data availability and ZKsync also incorporating EigenLayer's Autonomous Verifiable Services (AVSs) for decentralized zero-knowledge (zk) proving. These partnerships expand EigenLayer's role in Ethereum's modular security landscape, reinforcing its position as the leading restaking protocol.

Axelar Foundation, the nonprofit supporting the growth and adoption of the Axelar Network interoperability protocol, has disclosed strategic AXL token sales worth $30 million.

Canary Capital, led by ex-Valkyrie co-founder Steven McClurg, has filed for an Axelar ETF with the SEC. AXL token surged 20% after the Axelar ETF filing, with trading volume up 180%.

Asset Manager Canary Capital has filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tied to Axelar (AXL).

Canary Capital has officially filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking Axelar's AXL token. The announcement led to a rapid increase in AXL price, surging over 15% before settling at approximately $0.44.

Canary Capital filed an S-1 registration with the SEC on Wednesday for the right to launch an Axelar ETF, according to a filing.

Axelar also announced the appointment of former Acting Comptroller Brian Brooks to its newly formed Institutional Advisory Board.

Institutional and accredited investors will be able to take advantage of the private vehicle in the "blockchain interoperability" category.

Axelar is a Web3 interoperability network that lets developers tokenize real-world assets.

EigenLayer, Polymarket, and UMA have announced a collaboration to research and potentially develop a next-generation oracle system, leveraging EigenLayer's infrastructure.

TL;DR EigenLayer partners with UMA and Polymarket to create a next-generation oracle system, enhancing prediction market oracles' reliability and functionality. The new oracle system leverages EigenLayer's restaking mechanism and EIGEN token, along with UMA and Polymarket's expertise, to align dispute resolutions with community consensus.

EigenLayer, Polymarket, and UMA have announced a collaboration to explore and potentially develop a next-generation oracle system. The post EigenLayer, Polymarket, and UMA Join Forces to Develop Next-Gen Oracle System appeared first on Cryptonews.

The collaboration remains in the research and development phase, with details on technical architecture and launch dates yet to be disclosed.

Canary Capital has launched the Canary AXL Trust for institutional investors to gain exposure to the Axelar native token, AXL, which jumped 12.5% after the news.

The smart contract platform Moonbeam has introduced Datahaven, a decentralized storage protocol for AI and Web3 applications, in collaboration with Eigenlayer. The solution targets Ethereum layer two (L2) developers, offering secure, censorship-resistant data storage.

The crypto market started the week on a bearish note, with Bitcoin slipping below $98,000 during today's intraday low. This downward pressure has extended to altcoins, many of which are experiencing significant corrections.

TL;DR EigenLayer has launched its Rewards v2 upgrade on the Ethereum mainnet, enhancing flexibility, efficiency, and customization in the reward system. Key features include operator-specific rewards, variable fees for Actively Validated Services (AVSs), and batch reward collection to reduce gas fees.

AXL's recent price slump shows no signs of easing, with on-chain metrics hinting at more pain ahead for the crypto asset. Axelar, a programmable blockchain interoperability platform with the ticker AXL, fell for three straight days to $0.

Cryptocurrencies remained on edge last week as the volume dried up because of the Christmas holidays. The Santa Claus rally pushed Bitcoin (BTC) close to the $100,000 level and then the momentum faded, pushing it below $95,000.

EigenLayer's adoption surge is a sign of its growing influence in the Ethereum staking ecosystem.

Wormhole is working with Nuffle Labs on a solution to expand EigenLayer's restaking functionality beyond the Ethereum ecosystem.

Key points of the news: Wormhole and Nuffle Labs launch a native multichain restaking solution that eliminates the need for cross-chain bridges. The integration of Wormhole, NUFF Protocol, and EigenLayer allows users to stake without losing the native properties of assets and improves capital efficiency.

According to data from CoinMarketCap, XRP has a maximum supply of 100 billion tokens, with approximately 57 billion XRP circulating.

Eigen Foundation has announced that it will commit 1% of all EIGEN token supply to Protocol Guild, an on-chain fund for maintaining the Ethereum Layer-1 network. The foundation which supports the restaking platform, Eigen Layer, announced this on X, noting that it is committed to Ethereum security.

The Eigen Foundation has announced its commitment to allocate 1% of its EIGEN token supply to the Ethereum Protocol Guild.

The Eigen Foundation has committed 1% of its EIGEN token supply to the Protocol Guild, a group dedicated to Ethereum Layer-1 research and development. According to CryptoSlate data, the EIGEN token has a total supply exceeding 1.6 billion.

EigenLayer's total value locked (TVL) currently stands at over $18 billion.

According to data from CoinMarketCap, there are approximately 210 million EIGEN tokens in circulation, with a total supply of 1.68 billion.

The declining momentum has raised concerns within the crypto market, making the continuation of the altcoins' uptrend more reliant on upcoming network developments and demand.

TL;DR Anchorage Digital now supports Liquid Collective's liquid-staked ETH (LsETH), allowing institutional clients to stake Ethereum and receive LsETH, representing staked ETH and accrued rewards. Institutions can earn Ethereum network rewards while retaining the flexibility to sell, transfer, or deploy their staked tokens, and can restake LsETH on EigenLayer for additional rewards.

Bitcoin traded near $96,000 on Wednesday, rebounding from this week's pullback that briefly disrupted its record-breaking run. The flagship cryptocurrency climbed 3% to $95,766.70, while the broader crypto market, tracked by the CoinDesk 20 index, rose 7%, signaling renewed investor optimism.

PEPE meme coin crashed 2.56% in the past day after a super PEPE whale sold a massive 74.07 billion tokens and bought EIGEN tokens worth $200K.

Amid a highly turbulent crypto market witnessed as the week kicks off, a super Pepe Coin whale shifted focus to EIGEN has sparked significant market discussions. Notably, on-chain data pointed out a massive 130 billion PEPE whale selloff, with the investor simultaneously diversifying his portfolio by buying over 200K of the Ethereum-based token.

Ripple's Jasmine Cooper and Axelar's Sergey Gorbunov discuss advancements in real-world assets (RWAs), tokenization and interoperability.

EigenLayer, Ethereum's largest restaking platform, introduces Bitcoin restaking options, including yield opportunities for Wrapped Bitcoin.

TL;DR P2P.org launched the “Operator Allocation Share” program in EigenLayer, allowing its delegators to claim part of a total reward of 828.08 ETH. The platform developed a “Risk Engine” and a rewards management tool to improve security and accessibility in EigenLayer. P2P.

EigenLayer kicked off programmatic EIGEN token incentives for restakers in October.

Researchers Justin Drake and Dankrad Feist stirred up controversy in May after revealing they'd received large token payouts from EigenLayer.

Two Ethereum Foundation researchers Justin Drake and Dankrad Feist have disclosed the decisions to drop their advisorship positions with EigenLayer. The two experts took on this role with the restaking protocol earlier in May 2024 — but much to the disappointment of the crypto community.

Justin Drake has stepped down from his advisory role at EigenLayer just six months after his appointment, following backlash from the crypto community over potential conflicts of interest with his responsibilities at the Ethereum Foundation.

The market experienced a rollercoaster ride, with the global crypto market cap rising from $2.33 trillion to a three-month peak of $2.5 trillion by mid-week before settling at $2.38 trillion at the end of the week.

Two high-profile Ethereum researchers, Justin Drake and Dankrad Feist, have stepped down from their advisory roles at EigenLayer, a restaking platform. The announcement came today on X, as both researchers cited their desire to focus entirely on the Ethereum base layer.