TL;DR Chainlink has launched its Cross-Chain Interoperability Protocol (CCIP) on the ZKsync Era mainnet, marking a crucial advance in cross-chain interoperability. This integration with ZKsync, a Layer 2 scaling solution that uses zero-knowledge (ZK) proofs, enhances security, privacy, and scalability on the Ethereum network.

Based on Q3 returns, investors holding the other top DeFi blue chips were in losses, but not AAVE.

Decentralized oracle network Chainlink has expanded its cross-chain interoperability protocol to zero-knowledge proofs platform ZKsync. Chainlink (LINK) announced on Sept.

The integration of Chainlink CCIP on ZKsync Era Mainnet enhances cross-chain capabilities, fostering broader blockchain adoption in traditional finance. The post Chainlink CCIP goes live on ZKsync Era Mainnet appeared first on Crypto Briefing.

Chainlink's CCIP goes live on ZKsync, empowers developers to create cross-chain DApps, and fosters greater interoperability.

Lido has been on a bearish trend. However, an analyst's latest optimistic prediction of a potential multi-month rally offers hope.

Solana co-founder Anatoly Yakovenko has criticized the Ethereum layer-2 network ZKSync because it still operates like a multisig system despite claims of community-led governance.

Ethereum layer-2 scaling solution zkSync has officially launched its ZKSync governance system, enabling community members to contribute directly to the protocol's development.

ZKsync officially launched its decentralized governance model in a post explaining how it works, what it is and the principles on which it is built. According to the Ethereum Layer 2 protocol, the newly launched governance system is decentralized and includes smart contracts.

TL;DR Decentralized Governance: ZKsync has launched a decentralized governance model on the mainnet, allowing the community to drive protocol updates through on-chain contracts. Three Governance Bodies: The model includes the Token Assembly, Security Council, and Guardians, each with distinct roles to ensure balanced control and security.

Treasure DAO will vote to decide whether to migrate its Web3 gaming from Arbitrum to ZKsync. Karel Vuong noted that ZKsync's technology better fits Treasure's decentralized gaming.

ZKsync's governance model is based on the principles of resilience, decentralization, and alignment with its mission.

Key points

ZKsync has officially launched its governance model, which includes smart contracts that are now active on the mainnet.

Proponents of migration plan see ZKsync as more 'suited' to Treasure DAO's long-term plans for decentralized gaming.

Matter Labs has hired Meghan Hughes, the former VP of Marketing at the Solana Foundation, as its new chief marketing officer.

Story Highlights The live price of Lido Dao is With a surge, Lido Dao could go as high as $5.782 by the end of 2024. LDO price with a potential surge could reach a maximum of $22.112 by 2030.

LayerZero's CEO commented on the inclusion of a “big Sybil hunt” to block bots and reward real users. The main reason for Sybil filtering was due to fake accounts trying to claim airdropped tokens.

American cryptocurrency exchange Coinbase has announced the potential listing of zkSync (ZK), causing a visible uptick in market valuation. Precisely, the publicly listed company added the ZK token to its roadmap, suggesting imminent listing for the Ethereum Layer 2 scaling solution.

In this bearish market sentiment, Nansen's CEO, Alex Svanevik has made a significant move that could trigger a sharp price drop in Lido DAO (LDO). On September 6, 2024, the on-chain analytic firm Lookonchain made a post on X (previously Twitter) that the CEO had dumped 3 million LDO tokens worth $2.89 million to Coinbase.

An early investor in LidoDAO, Alex Svanevik, divested the last LDO tokens from his wallet. Other whales are transacting the token, while ETH staking is facing challenges due to lower L1 fees.

Matter Labs reduces its workforce by 16% in response to market and business changes. The company promotes decentralization and operational efficiency.

A total of 24 employees were affected by the layoffs, which come as the company attempts to navigate the growing field of Ethereum layer-2s.

TL;DR Matter Labs reduces its workforce by 16% due to decreased demand for its ZKsync Era protocol. ZKsync's activity has dropped from over 455,000 active addresses in April to approximately 92,620 currently. The company is adjusting its strategy and resources to align with the shift in market demand and the increased need for ZK Chains.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Matter Labs, the company behind Ethereum Layer-2 protocol zkSync, has announced its plans to restructure the organization. Unfortunately, this involves a couple of staff reduction that impacted about 16% of the Matter Labs' team.

Matter Labs' workforce reduction highlights the challenges and competitive pressures in the evolving Ethereum layer-2 blockchain ecosystem. The post ZKsync's Matter Labs cuts 16% of workforce in restructuring move appeared first on Crypto Briefing.

CEO Alex Gluchowski said the market environment and business needs have changed significantly over the course of this year.

The leading crypto firm Wintermute has rolled out Lido Staked Ethereum (stETH) as collateral for OTC trading. This move marks a major milestone for the crypto market, with discussions soaring as the crypto can now be used outside of decentralized finance (DeFi).

The market's hostile environment is currently hindering altcoins gaining in the short term. With the broader market down by 2%, LDO losses mounted up to 18% since last week, continuing to end this week with pain for investors in the short term.

Lido DAO (LDO) has been under the spotlight recently, not just for its role in the Ethereum staking ecosystem but also due to the significant market activities involving Wintermute, a leading market maker. The LDO token, currently priced at $1.

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August has seen a market downturn, leading to price dips for many assets. Whales, aiming to capitalize on the current conditions, have started accumulating certain altcoins in anticipation of potential gains in the coming month.

Avalanche's and zkSync's Discord channels were hacked by cybercriminals as they lured users to click malicious links. Polygon's Discord channel went through the same ordeal on August 24.

The official Avalanche account reported a hacked Discord server. The official ZkSync Discord was also infiltrated hours later of the Avalanche exploit.

The crypto community was left reeling after the official Discord servers of Polygon, Avalanche and ZKsync were hacked to spread malicious links.

TL;DR Avalanche and ZKsync Discords Compromised: Following a similar breach on Polygon's Discord, the official servers of Avalanche and ZKsync were compromised, raising significant security concerns within the crypto community.

Recent Discord breaches across Polygon, Avalanche, and ZkSync caused major losses and token drops.

Crypto scammers targeted the Discord servers of several crypto projects over the weekend in a series of attacks.

There is a generally growing occurrence of crypto scams and hacks.

The Discord servers of several high-profile blockchain projects were all hit with similar attacks over the weekend — all sharing links to sham token distribution schemes.

Aave, a popular decentralized lending protocol, has launched its latest version, Aave V3, on the Era mainnet. This launch is powered by zkSync, which improves blockchain performance and privacy.

DeFi lending platform Aave launched on the Ethereum layer 2 scaling solution ZKsync Era's mainnet. The partnership between the two entities aims to expand yield-generating opportunities for ZKsync's users.

Metalex and Lido Finance have rolled out a bold proposal to launch the first major cybernetic organization (BORG), setting their sights on boosting trustlessness in the crypto world. This move marks a fresh chapter in merging legal structures with autonomous technologies, further enhancing the power of decentralized autonomous organizations.

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 22-28.

Aave V3 has launched on the ZKSync Era mainnet to unlock liquidity and yield generation for users of the zero-knowledge-powered blockchain ecosystem.

AAVE price has soared 9% after the platform announced the launch of v3 on Era mainnet. This is backed by ZKsync technology and tipped to usher in a new phase of liquidity and yield generation compatibility.