Cronos Labs is expanding its blockchain interoperability capabilities through its newly announced integration with LayerZero, a growing cross-blockchain interoperability protocol.

Cross-chain protocol LayerZero has reached a settlement agreement with the bankrupt FTX estate. LayerZero Labs CEO Bryan Pellegrino confirmed the settlement on X, noting that the agreement cost millions in legal fees.

LayerZero's integration with Cronos (CRO) EVM and zkEVM enables cross-chain bridges with over 115 blockchain networks, enhancing interoperability and liquidity for Cronos users.

LayerZero Labs has reached a settlement with the FTX bankruptcy estate, ending a two-year legal battle over transactions involving Alameda Research. The dispute stemmed from a deal where Alameda, under former CEO Caroline Ellison, agreed to sell a 5% equity stake in LayerZero back to the company.

Cronos, the decentralized blockchain developed by Crypto.com, has integrated interoperability protocol LayerZero, enabling cross-chain communication with over 115 blockchain networks. On Jan.

Cronos Labs and LayerZero (ZRO), two blockchain platforms, have announced that the LayerZero cross-chain messaging protocol is now live on Cronos Ethereum (ETH) Virtual Machine (EVM) and Cronos zero-knowledge EVM (zkEVM), as reported to Finbold on January 31.

LayerZero Labs, an innovative player in the omnichain interoperability space, has reached an agreement with the bankruptcy estate of the now-defunct crypto exchange FTX. This resolution marks the end of a two-year legal battle that had been both costly and attention-diverting.

Cronos Labs, the company that manages the Cronos EVM and Cronos zkEVM networks, has just announced a strategic partnership with LayerZero.

After over two years of legal battles and millions in legal fees, LayerZero Labs has reached a settlement agreement with the FTX estate.

January 31, 2025 — LayerZero CEO Bryan Pellegrino took to X on Friday to confirm the settlement agreement with FTX estate. He added that the firm has returned the original repurchase amount to the bankruptcy estate after a two-year legal battle and legal fees worth millions.

In 2023, the FTX estate sued LayerZero to claw back shares Alameda sold in exchange for writing off a $45 million loan.

LayerZero has settled with the defunct crypto exchange FTX, confirmed the chief executive Bryan Pellegrino.

Tether and LayerZero announced on Jan. 16 a joint effort to launch USDT0, a multichain version of the Tether USD (USDT) stablecoin. The Omnichain Fungible Token (OFT) standard, developed by LayerZero, will power the cross-chain transfers.

The incident highlights the vulnerability of cross-chain systems, emphasizing the need for robust security measures to prevent transaction delays. The post LayerZero's Stargate down for 6 hours due to DVN executors malfunction appeared first on Crypto Briefing.

As Bitcoin (BTC) price struggles to reach $100k, the altcoin industry, excluding Ethereum (ETH), has been gaining bullish momentum in the past few weeks. The rise of Ripple Labs-backed XRP to the third most valuable cryptocurrency by market cap has reminded investors of the high volatility in the altcoin space.

Ondo Finance, a tokenized real-world asset platform, has integrated LayerZero's interoperability protocol for multi-chain transfers of its tokenized assets. According to an announcement, Ondo (ONDO) will tap into LayerZero (ZRO)'s technology to expand the reach of its U.S.

Ondo is using LayerZero to make its yield-bearing stablecoin fully fungible across multiple blockchain networks.

LayerZero tests critical resistance at $4.5—will bulls break through or face consolidation?

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.

PayPal's stablecoin, PayPal USD (PYUSD), has now integrated with LayerZero, a cross-blockchain bridging protocol, allowing seamless transfers between Ethereum and Solana.

The PayPal USD (PYUSD) stablecoin now uses LayerZero's Omnichain Fungible Token (OFT) Standard to enable transfers between the blockchain networks Ethereum and Solana. This integration enables fast, secure and cost-effective transactions for both users and businesses, the companies said in a Tuesday (Nov. 12) press release.

PayPal's stablecoin can now be transferred seamlessly between Ethereum and Solana networks, thanks to its integration with LayerZero's cross-chain protocol. The post PayPal Stablecoin Can Now be Transferred to Ethereum and Solana via LayerZero appeared first on Cryptonews.

TL;DR PayPal has integrated its stablecoin, PayPal USD (PYUSD), with the cross-blockchain bridging protocol LayerZero, enabling seamless transfers between Ethereum and Solana. This integration aims to enhance transaction efficiency, reduce liquidity fragmentation, and provide users with faster, more secure, and cost-effective options.

PayPal has integrated LayerZero with its USD stablecoin (PYUSD) for faster transfers between Ethereum and Solana.

PayPal's stablecoin PYUSD has integrated LayerZero to facilitate smoother transfers between Ethereum and Solana.

PayPal's US Dollar-pegged stablecoin has integrated cross-chain bridge LayerZero to allow native transfers of PYUSD between the two networks.

PayPal stablecoin PYUSD can now transfer seamlessly between Ethereum and Solana via LayerZero.

PYUSD on Ethereum's market cap has remained relatively unchanged in recent months while the supply on Solana has plummeted from its high.

Learn about Layerzero, a genuine solution for blockchain interoperability, promising to tackle key issues of security and liquidity fragmentation. This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space.

Bryan Pellegrino flagged a function in the Across token contract and claimed it allowed the owner to mint and burn ACX at will.

LayerZero (ZRO) is currently experiencing a tumultuous phase as its recent recovery attempts falter amid mounting bearish pressure. After initially showcasing potential, the altcoin's upward momentum has stalled, leading to a possible downturn.

LayerZero and Uniswap have inked a partnership toward the testing of the Unichain L2.

The two firms have co-developed the Cryptoeconomic DVN Framework, bringing more security to decentralized networks through economic incentives.

TL;DR LayerZero and EigenLayer have launched the CryptoEconomic Decentralized Verifier Networks (DVNs) framework, establishing a new standard for communication between chains. Users can secure omnichain messaging by staking assets such as ZRO, EIGEN, and ETH, promoting integrity in data transmission.

Key Points:

Eigen Labs and LayerZero Labs introduce a CryptoEconomic DVN Framework, enhancing security and interoperability across blockchains.

Blockchain bridges ensure the bridge of assets across chains, but their nature also happens to be a weakness owing to possible security breaches.

LayerZero Labs CEO Bryan Pellegrino discusses the complexities and security issues of blockchain bridges in a podcast with a16z crypto.

October has historically been a bullish month for altcoins and cryptocurrencies in general. With great momentum building, fueled by increasing demand and favorable market conditions, several altcoins are also inching closer to breaking their previous all-time highs.

Chain-agnostic stablecoin protocol defi.money has integrated LayerZero to bring omnichain liquidity to its network. LayerZero (ZRO) is an interoperability solution that offers a foundational layer for omnichain applications and blockchains.

TL;DR LayerZero has experienced a 433% increase in its activity, reaching 98,000 daily messages following the announcement of a second airdrop. The new strategy focuses on rewarding active users and excludes those who do not participate, aiming to foster genuine commitment to the protocol. The price of the ZRO token has risen by 16.

The price of LayerZero (ZRO) has increased by 13.65% in the last 24 hours. It comes days after the LayerZero Foundation announced the end of ZRO airdrop claims and disclosed that it would reallocate unclaimed tokens to its active users.

The recent spike represents a 433% increase from the previous low of 18,400 messages, signaling a renewed interest in the protocol.

With the growing certainty over the crypto space, some of the projects are set to outperform as they possess the ‘shill narrative'. Some bullish catalysts, like the FTX narrative, the probable win of Donald Trump, and further rate cuts, have strengthened the tokens.

LayerZero has called the end of the ZRO token claim period and is now proceeding to the next token redistribution phase.

LayerZero token airdrop claimed period ends, next redistribution of unclaimed tokens to eligible wallets will take place.

This week is critical for crypto, with the first rate cut since 2020 scheduled for Wednesday. According to crypto analyst Miles Deutscher, several altcoins are primed for explosive growth, depending on how the market reacts. Analyst has shared his top five tokens to watch closely, focusing on technical setups and fundamental factors.