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European crypto ETN and ETP report: Thursday, June 9

Most crypto investment vehicles in Europe traded marginally down on Thursday, while others bucked the trend.  21Shares Cardano ETP was the worst performer on our list for June 9, trading at $12.89 — representing a daily loss of 1.55%. Other notable drops were 21Shares Ripple XRP ETP, down 0.83%, and BTCetc ETC Group’s Physical Bitcoin ETN, which lost 0.62% on Thursday.  Elsewhere, 21Shares Tezos ETP was the best performer, gaining 4.99% to close at $12.20. VanEck’s Solana ETN also closed …

Layer by Layer Issue 34: Optimism, Avalanche, and Solana

June 9, 2022, 12:50PM EDT • 23 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The L2 scaling protocol Optimism has launched its native governance token as the team looks to attract further adoption of its network, but challenges with supporting infrastructure remain Avalanche and Solana have made progress on their own approaches to …

Solana sets up $100 million fund for Korean crypto startups

Blockchain operator Solana this morning announced a new $100 million fund for Korean web3 startups. Solana Ventures and Solana Foundation, the Switzerland-based entity that promotes the growth of the network, have jointly stumped up the funds. They will be used for investments and grants in a range of Korean crypto startups, but with a focus on those in gaming, non-fungible tokens (NFTs) and DeFi. “We have been working with Korean developers and actively investing in the ecosystem for some time …

Alchemy is bringing its blockchain node infrastructure to Solana

Alchemy, the Ethereum-based node infrastructure provider, said Thursday it is expanding to the Solana blockchain. With this expansion, the firm will allow Solana developers to scale their blockchain infrastructure requirements. Currently, Alchemy offers a node API service for Ethereum and Polygon applications. Popular apps like 0x, Aave, dYdX, OpenSea, Nifty Gateway use Alchemy’s offering, called Supernode, to connect to blockchains, a process called Remote Procedure Call (RPC). In the coming weeks, the Supernode will provide Solana applications in areas such …

Solana blockchain suffers new network outage

Solana is facing downtime after the production of new blocks on the network has ceased.  According to data from Solana Beach block explorer, Solana’s validators have not processed new blocks for the last five hours, causing a total shutdown of all of its applications. A recent post from Solana Status said that the mainnet beta now needed a restart from validators. “Validator operators should prepare for a restart in mb-validators on Discord,” the post read. As of press time, discussion …

Genesis is parking $75 million in capital into Maple’s Solana-based lending platform

Genesis Global, one of the crypto market’s biggest lending and trading firms, is ramping up its decentralized finance footprint by contributing $75 million to Maple’s Solana-based lending platform.  Genesis’ contribution to Maple Solana will make it the first centralized trading firm to serve as a pool delegate for its Solana-based platform. Maple launched its Solana platform earlier this year, having also run a lending platform on Ethereum as well.  Trading firms Wintermute and Amber Group plan to borrow from the …

An Overview of Drift Protocol

June 1, 2022, 10:39AM EDT • 7 min read Quick Take Introduced by Perpetual Protocol in 2020, virtual AMM’s have become a popular framework for experimentation with on-chain perpetual swaps.  Drift is a protocol for on-chain perpetual swap liquidity on Solana. Leverages a modified vAMM implementation with repegging and dynamic liquidity (termed a dynamic AMM or DAMM), Drift attempts to solve some of the shortcomings of previous vAMM iterations. Join The Block Research for exclusive research like this Gain access …

Solana’s blockchain clock loses track of time, now running 30 minutes behind

Solana’s (SOL) blockchain clock is currently adrift of real-world time by about 30 minutes due to longer than ideal slot times on the network, the project reported via its status page on Thursday. According to the notice posted at 3:34 UTC, the issue does not have any impact on network performance. Transactions on the network will, however, show timestamps that are different from “wall-clock time,” as the statement put it. This time disparity is one of the effects of the …

Layer by Layer Issue 31: Cosmos, Avalanche, and Solana

May 19, 2022, 3:37PM EDT • 20 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding L1 ecosystems that have built connections with Terra and its native assets are adjusting to a new reality as they contend with the fallout of UST’s collapse This week, we take a look at Cosmos, Avalanche, and Solana Join …

Babel Finance and FQX target bond market with crypto ‘eNote’ debut

Babel Finance announced on Thursday that it successfully issued its first collateralized USDC note, in a move that demonstrates crypto’s potential to enter the $100 trillion global bond market.  The note is a smart contract-based global debt instrument, provided by blockchain startup FQX on Solana, the company said in a press release.   It was executed via eNote, a blockchain-based debt instrument which is recognized around the globe, and can be used for a broad variety of financing purposes. The move, …