Singapore, Singapore, 18th September 2024, Chainwire

ZKsync announced the integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) on September 16.

CCIP has officially launched on ZKsync Era mainnet, marking a pivotal milestone for the Layer 2 scaling solution.

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.

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.

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.

TL;DR PancakeSwap launches its first prediction bot on Telegram to predict BNB prices. The celebration campaign includes a drawing for $4,444 in rewards on September 22. The bot allows predictions to be made every 5 minutes with a minimum stake of 0.001 BNB.

Interest in prediction markets has been growing since the beginning of 2024 in the run-up to the US presidential election.

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

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.

Amid the broader volatility, the DeFi tokens are making news with a potential breakout rally ahead. With the Uniswap team under pressure from the CFTC team and the fine of $175,000, PancakeSwap takes an interest in smart money.

Major Crypto exchange Coinbase has revealed additional listings this week. Specifically in the past day, Coinbase announced the addition of zkSync (ZK) to its listing road map.

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.

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.

This reduced its total supply by 9,171,676 CAKE tokens, equivalent to a staggering $15 million. Token burns like these are a critical part of PancakeSwap's tokenomics, helping to manage the supply of CAKE.

PancakeSwap has seen the price of its native token rise slightly after the multi-chain decentralized exchange announced it had burned more than 9 million of the tokens. The price of PancakeSwap (CAKE) rose by about 2.3% following the announcement.

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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.

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.

The struggles of ZKsync Era reflect a broader trend in the crypto market, particularly among Layer 2 solutions and recent token launches.

The history of the decentralized exchange PancakeSwap