Parse notes
Kanav Kariya, who rose from intern to president of Jump Trading's crypto division by 25, is leaving the company. Kariya saw the company through major challenges like the $300 million Wormhole hack and the Terra/Luna collapse. Fortune recently reported that the US Commodity Futures Trading Commission is investigating Jump's crypto activities.
Tether announced that it will discontinue USDT minting on EOS and Algorand but continue to support USDT redemptions on these blockchains for the next 12 months. This is part of its larger strategy to focus resources on platforms that maximize security, efficiency, and user engagement across the broader crypto landscape.
Asynchronous execution allows consensus votes to happen independently of all other functions. Two primary Execution Domains, VoteExecutionDomain (VED) and UserExecutionDomain (UED), must be implemented to allow validators to vote before complete transaction execution. This article details the components of VED, the process of computing VED and UED states, and how funds can be moved between domains. The system aims to improve Solana's efficiency and scalability while maintaining integrity.
Pudgy Penguins have found real-world success with its Walmart toy line, racking over 20 billion GIF views and millions of social media followers. Igloo Inc, its new parent company, will create an end-to-end ecosystem for organic crypto adoption through the Penguins. OverpassIP, its other product, simplifies licensing NFT IP to support more NFT-based merchandise.
SGX is a trusted execution environment from Intel that allows information to be stored and processed in private hardware memory called an enclave. Rollups can use SGX to privately execute state transition functions while still being verifiable. However, SGX requires trusting Intel, and zkEVMs would benefit from a multi-prover setup to mitigate potential exploits. Taiko's Raiko multi-prover supports several zkVMs and SGX.
This deep dive explores the current state and potential future of prediction markets. It explains how they work, focusing on the order book and AMM models. The article also identifies bottlenecks preventing wider adoption, like lack of liquidity, leverage, and information asymmetry, and proposes solutions.
While AI and crypto are both transformative technologies, they differ fundamentally in their origin and function. AI has developed in a centralized fashion and generates a lot of data, making verification challenging. Crypto has developed in a decentralized fashion and is used to authenticate data.
Solana DePIN, which includes category leaders Helium, Hivemapper, and Render, has a combined market cap of $4 billion. Solana's focus on performance and network effects and the Solana Foundation's support of DePIN have given it a first-mover advantage with dozens of projects that have built innovative networks. This article details projects in wireless, storage, sensor, compute, service, and other categories of DePIN on Solana. It predicts more sectors, rollups, and convergence with RWAs, ultimately resulting in a parallel infrastructure system.
Blast has announced the Blast Foundation in anticipation of its upcoming decentralization and airdrop on June 26.
The Runes Bitcoin standard is getting a sub-protocol to allow EVM-based computations using Runes.
South Korea's largest crypto exchange, UpBit, will begin offering trading pairs for the Blast token against BTC, USDT, and Korean won.
An Ethereum ETF is expected to be launched soon.