Matter Labs Co-Founder and CEO Alex Gluchowski explains why he sees ZK as the "end game" for blockchain tech.

A federal framework would embolden countless companies to dive into the stablecoin market, according to Chronicle Labs founder Niklas Kunkel.

The world's largest stablecoin issuer, Tether, minted an additional $1 billion worth of USDT on the Tron network in the past 11 hours. At the same time, Circle also minted another 250M USDC on the Solana network.

A wallet later confirmed to belong to David Portnoy lost up to $5.34M from LIBRA. Later, the wallet received a compensation of 5M USDC.

Coinbase CEO Brian Armstrong said the firm aims to challenge Tether's position as the reigning stablecoin issuer by making USDC “number one."

Beyond PENGU, airdrops from Dymension, Omni Network, zkSync, and LayerZero boosted Pudgy Penguins holders' earnings significantly throughout 2024.

Solanas bridge platforms have exceeded $10.1 billion in total inbound volume since 2021, marking a 114% increase from $4.7 billion recorded up to February 2024, according to Flipside Crypto. This surge highlights Solanas growing role in cross-chain transfers.

Aston Martin Aramco Formula One Team has partnered with cryptocurrency platform Coinbase in a multi-year deal fully paid in USDC stablecoin, marking a first in Formula One history.

Coinbase secures a sponsorship deal with Aston Martin F1, paying entirely in USDC. The partnership highlights the growing role of stablecoins in sports sponsorships, offering lower costs and borderless transactions. The post Coinbase Partners with Aston Martin F1, Pays Entirely in $USDC appeared first on Cryptonews.

Aston Martin Aramco Formula One Team has announced a multi-year partnership with Coinbase, marking Coinbase's debut in Formula One. The deal is notable for being fully transacted in USDC (USDC), a stablecoin pegged to the U.S. dollar.

Aston Martin's Formula One team will sport Coinbase branding this season, with the deal uniquely paid entirely in USDC.

Circle's USDC has surpassed its previous peak from 2022 and recovered from its market capitalization collapse triggered by a regional bank run in 2023.

Matter Labs CEO Alex Gluchowski said interoperability across the Elastic Network could add a new dimension to this potential value accrual.

Circle's USDC stablecoin has reached an all-time high market capitalization of over $56 billion, signaling renewed growth in the stablecoin sector. The surge comes as decentralized finance (DeFi) activity picks up, particularly on the Solana blockchain, boosting USDC adoption and demand. Over the past month, USDC added $10.

With $98.53B in weekly transactions and a $1.17B net outflow, whales are accumulating, fueling DeFi and OTC trading.

USDC and USDT minting accelerated in the past weeks, providing a bullish signal for crypto markets despite declining token prices.

Binance turned into the biggest market for USDC, as traders flocked to swap out their USDT. The rapidly growing stablecoin answers the demand for regulated assets in the Euro area.

Can Tether still sleep peacefully? USDC rises to $56.3 billion, wipes out its losses, and makes its way to the table of the big players.

Binance decreased its corporate reserves, moving or reallocating some of its excess BTC, ETH and SOL reserves. Some of the funds shifted to USDC.

Circle's USD Coin (USDC) has regained its losses from the bear market, reaching a market capitalization of $56.3 billion as of Feb. 10, according to CoinMarketCap.

The stablecoin market as a whole has seen significant growth, with USDC's circulation increasing by 78% year-over-year.

Circle's USDC stablecoin has reached a $56.3 billion market capitalization, erasing losses sustained during the bear market.

The Japanese securities giant SBI has posted record crypto profits as it aims to win the race to become the first crypto exchange in the country to list USD Coin (USDC). The post Japan's SBI Posts Record Crypto Profits; Aims for Nation's First USDC Listing appeared first on Cryptonews.

USDC's market cap has reached $56 billion, marking a new all-time high for the stablecoin. With the milestone, Circle's USD-pegged stablecoin continues the positive momentum that has seen its supply increase by 100% year over year.

USDC, Circle's once-battered stablecoin, has finally officially pulled off a full recovery from the disaster of FTX's collapse. Its market cap is back at $56.2 billion, matching what it was before the crypto giant fell apart in November 2022, according to data from CoinMarketCap.

Circle, the company behind one of the leading stablecoins, minted $250 million worth of USDC today, on February 7. Issued on Solana, the amount represents a US dollar inflow into the crypto ecosystem, hinting the bull market is back.

1inch, the decentralised exchange (DEX) aggregator, announced on Thursday its integration with zkSync, the Ethereum layer-2 scaling solution that uses zk-roll ups. In a bid to more faster and secure cross-chain transactions, 1inch will enable its users to make frequent or smaller trades with much lower gas fees using zkSync's Ethereum Layer-1 security.

1inch has woven ZKsync into its cross-chain swap architecture, empowering users to exchange assets across networks with accelerated processing and minimized fees. ZKsync Joins 1inch's Cross-Chain Ecosystem This upgrade aims to amplify 1inch's technical prowess, permitting asset transfers between blockchains via ZKsync's layer two (L2) framework.

1inch Network expands its cross-chain capabilities by integrating ZKsync's layer-2 scaling solution, promising reduced fees and enhanced transaction speeds for users.

1inch Network has added ZKsync support to its cross-chain swaps, providing traders with lower transaction fees and near-instant execution. With Fusion+ technology enabling gas-free transactions, the integration enhances DeFi accessibility while leveraging ZKsync's security and scalability. The post 1inch Network Updates Cross-Chain Swaps to Feature ZKsync appeared first on Cryptonews.

TL;DR 1inch Network integrates ZKsync, an Ethereum scaling solution, to offer faster and cheaper cross-chain swaps. 1inch's Fusion+ technology enables fee payments through “relayers” who stake 1INCH tokens, benefiting users with lower costs. ZKsync, based on zero-knowledge technology, speeds up transactions while maintaining Ethereum's security.

ZKsync pushes the DeFi sector towards a more efficient and secure future

The integration aims to provide faster and cheaper transactions for users.

Nowadays, bank transfers are slow, fees are high, and some platforms don't even support international payments. That's where Hurupay, built on Base, comes in.

Yesterday, Republican Senator Bill Hagerty introduced a new bill in the Senate regarding stablecoin regulation.

Stablecoin inflows to exchanges accelerated, with over 1B USDC tokens flowing into the market in the past day as whales moved in to buy the dip.

Meow now allows businesses to transact in USDC for free. Straight from their existing cash balance.

Switzerland's largest bank UBS is testing a digital gold trading system called UBS Key4 Gold on Ethereum's ZKsync Layer-2 network, enabling fractional gold investments with real-time pricing and secure physical storage options.

Circle's USDC stablecoin demonstrates significant market growth against Tether's USDT, particularly on Solana, as US regulatory clarity and strategic partnerships fuel adoption.

The Swiss bank UBS, a global leader in the financial sector, is experimenting with an innovative blockchain solution.

Union Bank of Switzerland (UBS), the largest bank in Switzerland, is testing a tokenized gold product on Ethereum (ETH) layer-2 scaling solution ZKsync (ZK).

The stablecoin market has just crossed a historic milestone, reaching a market capitalization of over $200 billion. This rapid progression reflects a growing interest from investors in these dollar-backed assets, often perceived as a more stable alternative amidst the volatility of cryptocurrencies.

Stablecoins, often taking the backseat from Bitcoin and other top cryptocurrencies, are now in the spotlight. According to on-chain data, the stablecoins market has surged to over $200 billion, with Tether's USDT and USDC as the main growth drivers.

UBS is testing blockchain to boost retail gold investments. ZKsync improves privacy and scalability for UBS' gold platform.

USDC's growing dominance raises questions about altcoin futures and potential shifts in market sentiment.

UBS, a Swiss-based banking and asset managing conglomerate, is experimenting with rolling out Key4 Gold program on zkSync Validium testnet. In a bold move, UBS is setting new standards in RWAs tokenization on Ethereum-like blockchains.

UBS is testing blockchain for digital gold trading using ZKsync, aiming to enhance security, scalability and accessibility for retail investors.

Circle's native USDC stablecoin has been expanding its market footprint with major minting happening on the Solana blockchain this month. However, historical trend shows that the growing dominance of the Circle stablecoin is bearish for the crypto market.