According to ChainCatcher, at the Solana Breakpoint conference, Zeta Markets co-founder Tristan Frizza said that Zeta Markets is incubating and developing the Solana L2 project Bullet, and will release a testnet in the fourth quarter of 2024, when ZEX stakers will have early access. The Bullet mainnet will be released in the first quarter of 2025. Bullet is a Rollup that uses Solana L1 as the settlement layer and data availability layer, and uses ZK fraud proofs for verifiable on-chain settlement. The first DApp in the Bullet ecosystem is the perpetual CLOB platform Zeta X.

Author: 4E Exchange

 

On Thursday, U.S. Eastern Time, U.S. stocks opened higher and closed higher, with the three major indexes collectively closing higher, and the crypto market also saw a general rise. The day before, the Federal Reserve cut interest rates by 50 basis points and described the rate cut as a "recalibration" of its monetary policy, rekindling hopes that the United States will be able to avoid a recession.

The positive effect of interest rate cut was delayed, and US stocks, cryptocurrencies, gold and crude oil rose across the board

On Thursday, the U.S. stock market opened higher and closed higher. The three major indexes closed higher. The Dow Jones Industrial Average rose by 1.26%, breaking through the 42,000 mark for the first time. The S&P 500 also rose by 1.70%, setting a record high. The Nasdaq rose by 2.51%. The crypto market followed the general rise of the U.S. stock market. As of press time, Bitcoin rose by 2.03% and Ethereum rose by 2.63%. In terms of the U.S. dollar index, investors began to consider more interest rate cuts from the Federal Reserve. The U.S. dollar index rose first and then fell, and finally closed down by 0.3%. Stimulated by the weakening of the U.S. dollar and geopolitical tensions, gold closed up by $27.31, an increase of 1.07%; WTI crude oil closed up 2.85%.

Reporter: Wu Tianyi

Intern reporter: Riley

Produced by: DeThings

 

From September 18th to 19th, the TOKEN2049 Summit was held as scheduled in Singapore. As a global crypto industry event, Hong Kong and Singapore, which had hosted the summit before, were once again pushed to the two ends of the scale. The advantages and disadvantages of the two places in terms of policy friendliness, attractiveness of scientific and technological talents, and financial infrastructure have become the focus of continuous attention in the industry. There has been a lot of discussion about which of Hong Kong and Singapore will stand out in this competition.

On September 19, HashKey Exchange CEO Weng Xiaoqi accepted an exclusive interview with DeThings at the TOKEN2049 conference. As a licensed cryptocurrency exchange headquartered in Hong Kong, Weng Xiaoqi mentioned in the interview that the regulatory differences between Hong Kong and Singapore make them each have their own characteristics in the development of the Web3 industry. Hong Kong pays more attention to the supervision of exchanges, while Singapore pays more attention to areas such as trade, payments and funds. This difference has formed a certain competitive relationship. For practitioners, Weng Xiaoqi pointed out that "Hong Kong and Singapore have different foundations in scientific and technological talents. Hong Kong has more advantages than Singapore, especially in attracting talents from the mainland. In contrast, most of Singapore's Web3 talents are attracted from all over the world.

ChainCatcher reported that according to coindesk, SG Forge, a subsidiary of Societe Generale, announced that it will launch the euro stablecoin EUR CoinVertible (EURCV) on the Solana blockchain.

EURCV was previously issued on the Ethereum blockchain last year as a highly regulated euro alternative to U.S. dollar stablecoins such as Tether and Circle.

However, EURCV has not performed well on Ethereum. According to Etherscan data, there are currently only 28 holders, 154 transaction records, and a circulation of 33 million. SG Forge hopes to test the demand of crypto users for a euro stablecoin on a faster and lower-cost network by issuing EURCV on Solana.

According to ChainCatcher, Vijay Chetty, CEO of the customizable modular rollups project Eclipse Labs, revealed at the Solana Breakpoint conference in Singapore that the Eclipse mainnet will be officially launched at the end of October. Currently, Eclipse has opened the developer mainnet, but the front-end or user interface has not yet been enabled.

Chetty said Eclipse will integrate multiple existing “Solana blue chip applications,” including decentralized exchanges Mango and Orca, and lending platform Solend.

It is reported that Eclipse is the first Ethereum Layer 2 solution that uses the Solana virtual machine to execute transactions. It aims to bring Web2-level scalability to Web3 by combining the advantages of Ethereum, Solana and Celestia.

According to ChainCatcher, at the Solana Breakpoint conference, Chaos Labs Founder & CEO Omer Goldberg said that its decentralized oracle protocol Edge, launched last week, has processed more than $40 billion in transactions.

It is reported that Edge is Jupiter's main oracle, which can dynamically and real-time adjust on-chain risk parameters to improve the responsiveness and efficiency of DeFi platforms in volatile markets, and support secure on-chain delivery of custom data points.

According to data from Web3 asset data platform RootData, on September 19, Chaos Labs announced that it had received investment from PayPal Ventures; on August 15, Chaos Labs announced that it had received US$55 million in Series A financing led by Haun Ventures, with F-Prime Capital, Slow Ventures, Spartan Capital, Lightspeed Venture Partners, Galaxy Ventures and PayPal Ventures also participating in the investment.