Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant.

Blockchain interoperability protocol Wormhole has successfully paved the way for World IDs on the Solana blockchain. Solana builders and developers will have the capacity to integrate World ID on Solana-based protocols.

Worldcoin announced that the Wormhole interoperability platform has expanded its World ID feature to the Solana blockchain, according to a Sept. 13 statement.

Meanwhile, the SEC claimed that when it said "crypto asset securities" it never meant tokens were actually securities.

TL;DR Wormhole has integrated World ID with the Solana blockchain, allowing Solana developers to access identity verification features. World ID, which has been subject to audits due to its controversial nature, is used to confirm the authenticity and humanity of users, helping to identify real people.

Wormhole was one of 17 projects to receive a Worldcoin Wave 1 Community Grant.

Wormhole contributors have completed the work of making it possible to build Solana apps that integrate World IDs.

This is a significant move because it opens up new opportunities for developers on Solana, allowing them to use World ID's unique verification system. World ID is a special tool that helps prove whether someone is a real person.

Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.

Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism's Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism's Superchain infrastructure.

Leading DeFi protocol Synthetix joins Optimism's impressive Superchain line up.

TL;DR Synthetix launches SNAXchain: Built on Optimism's Superchain infrastructure, SNAXchain aims to enhance governance and expand to more chains and Layer 2 solutions. Optimism Superchain benefits: Expected to boost user interoperability and drive growth, leveraging optimistic rollups to reduce transaction costs.

Synthetix has introduced an application-specific blockchain named SNAXchain using Optimism's infrastructure.

REZ's initial liquidity will be provided on Solana's major AMMS, and the token will be integrated with the blockchain's lending protocols.

Synthetix faces fierce competition on the DeFi-oriented layer-2.

Synthetix faces fierce competition on the DeFi-oriented layer 2.

You may have forgotten about Synthetix, but the market certainly hasn't.

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 15-21, 2024.

Wormhole is a generic message-passing protocol that enables communication between blockchains such as Solana and Ethereum. It can be used for Cross-chain exchange Cross-chain governance Cross-chain game Wormhole is comprised of several noteworthy components.

It could be followed with deployments on Optimism and Base.

Synthetix founder Kain Warwick donated $86,000 in Illuvium tokens to former CFO SynthaMan after the latter lost his SNX holdings due to liquidation caused by market volatility and high-risk decisions.

On-chain data shows that Synthetix founder Kain unlocked $6.5 million from the company's treasury and donated $86k to SynthaMan, the company's former treasurer that was liquidated during last week's market plunge.

The cryptocurrency market is experiencing a seismic shift, with Ethereum (ETH) leading a broader market downturn. As investors grapple with plummeting prices and increased volatility, two projects, Wormhole (W) and Algotech (ALGT), have emerged as unexpected beacons of stability.

Wormhole introduces the Native Token Transfers (NTT) framework, offering a flexible, open-source solution for transferring tokens across blockchains, ensuring security and composability.

Wormhole, a leading cross-chain platform, has announced plans for a major token unlock event. Set for August 3, 2024, this move will see 6% of W tokens released, bringing the total unlocked community tokens to 17%.

Another 6% of the W tokens will be locked up, thus leaving the issuance of the community at 17%.

As August approaches, notable token unlock events are expected to impact the market. BeInCrypto has highlighted the top five unlocks that could influence market dynamics.

Just months after Wormhole's airdrop in April, the cross-chain project will unlock a third of its token's circulating supply this month: 600 million tokens at a current value of about $180 million.

Explore the role of Guardians in Wormhole's cross-chain interoperability, ensuring secure and reliable blockchain transactions.

This development addresses the longstanding challenges associated with transferring USDT between different chains. It has often been slow, expensive, and reliant on wrapped tokens that introduce additional risks.

Wormhole introduces native USDT transfers on Ethereum, Arbitrum, Base, Optimism, Polygon, BNB Chain, and Avalanche, leveraging Uniswap v3 and PancakeSwap pools.

The crypto market has been observing different kinds of assets take the spotlight every now and then, and the newest addition to this list is Real World Assets (RWA). Joining the Artificial Intelligence (AI) altcoins in terms of popularity and demand, these tokens are a different breed altogether.

Worldcoin announced the selection of 17 grantees for Wave1 of its Community Grants Program aimed at empowering Wormhole and other passionate cross-chain protocol builders. Wormhole expressed their excitement about being part of the Worldcoin Tech Tree that would oversee the advancement of Secure Multi-party Computation (SMPC).

Wormhole secures a grant to integrate Worldcoin's World ID with Solana, enhancing cross-chain identity verification.

The Worldcoin Foundation announced a $70,000 grant to Wormhole to support WorldID verification on the Solana blockchain. In a June 27 statement, Worldcoin said the ID integration effort will “equip the Solana ecosystem with a much-needed tool” for proving humanness.

Wormhole has obtained a grant from the Worldcoin Foundation to bring the World ID onto the Solana blockchain. This integration seeks to improve user identification procedures in the blockchain networks through the use of Worldcoin's decentralized identity solution.

Wormhole now supports Mantle Network, an innovative Ethereum Layer 2 solution, offering high performance and low-cost EVM environment.

The analyst/host of The House of Crypto took to his latest video and said that there's potential for a massive bounce back for altcoins, particularly as Bitcoin dominance appears to be declining. Historically, this has signaled the onset of an altcoin season.

Binance Futures has updated the leverage and margin tiers for FETUSDT, ENAUSDT, IOUSDT, ARUSDT, and WUSDT USDⓈ-M Perpetual Contracts.

TL;DR The real-world asset (RWA) token market is growing exponentially in 2024, thanks to the convergence of blockchain technology and traditional assets. Tokens such as Maker, Chainlink, and Algorand stand out for their unique propositions and potential to facilitate investment in real estate, art, and music through decentralized platforms.

With the ongoing crypto market fall, many cryptocurrencies have declined today, losing days of their gains. It is the outcome of the political and economic factors affecting this industry, but it's more of a correction that can shift to the previous bullish conditions.

A closely followed crypto analyst is listing five altcoins he believes are showing strength despite the choppy market conditions.

Binance has integrated Hashflow (HFT) on Arbitrum One and Wormhole (W) on Ethereum, opening deposits and withdrawals.

Avalanche (AVAX), the leader of the Real-World Asset token category, currently has a valuation of $13.7 billion. Real-world assets (RWA) represent physical assets, like real estate or commodities, digitally tokenized on a blockchain, providing fractional ownership and liquidity.

In the wake of Ethereum exchange-traded funds (ETFs) approval, top analyst Michaël van de Poppe is bullish on five specific altcoins and predicts substantial returns.

Wormhole adds support for X Layer, an Ethereum L2 network, leveraging ZKPs for secure, scalable transactions.

In an optimistic bid, Robinhood Crypto, a renowned cryptocurrency trading platform, has recently announced that it is facilitating Wormhole (W) and Jupiter (JUP) trading for European customers. This announcement has gained significant traction across the global crypto community as the firm further extended rewards for trading the abovementioned tokens.