Solv Protocol and Merlin Chain announced a partnership to make SolvBTC the main entry point for Merlin Network PoS staking

On April 7th, at the Hong Kong Web3 event co-hosted by Solv and Merlin, the two announced a partnership aimed at making SolvBTC an important entry point for Merlin Chain PoS staking. This collaboration is committed to providing users with secure and efficient staking services, further promoting the decentralization and security of the Merlin network. According to the latest data, 2000 M-BTC have already participated in staking for SolvBTC. Currently, the Solv Protocol's Bitcoin asset management volume has exceeded 2750 BTC, and the total TVL has exceeded $260 million.

Solv Protocol Merlin Chain

Comments

All Comments

Recommended for you

As of May 30, BlackRock IBIT held more than 289,000 bitcoins, 2,089.1 BTC more than Grayscale

According to the updated IBIT data from BlackRock, as of May 30th, the number of Bitcoin holdings is 289,058.0189, with a market value of approximately $19,930,345,173.05. In addition, according to the updated GBTC data from Grayscale, as of May 30th, the number of Bitcoin holdings is 286,968.901, with a market value of approximately $19,696,139,217.19. Based on the data, as of May 30th, BlackRock's IBIT Bitcoin holdings have surpassed Grayscale's GBTC, with approximately 2,089.1179 more Bitcoin holdings.
Orderly Network co-founder: Platform transaction volume is about to exceed $44 billion

Orderly Network co-founder Ran posted on X platform that Orderly Network's TVL has exceeded $37 million; the platform is the second largest user on the LayerZero network; transaction volume is about to exceed $44 billion; brokers have earned nearly $6 million. Previously, in the past 24 hours, Orderly accounted for 28% of the total message volume on LayerZero.
The delayed Notcoin payment incident caused a major turmoil in Bybit’s management

Reports from Wu Shuo, Bybit has experienced a major upheaval in its management team following the delayed deposit incident with Notcoin. Multiple executives have "voluntarily resigned" and the company has publicly recruited new technical and spot managers. Bybit allowed the Notcoin project to airdrop tokens directly to user addresses instead of distributing them to a centralized exchange address for further distribution. This caused a delay in users receiving their tokens and prevented them from selling them immediately. The number of affected users reached 320,000 and Bybit claims to have provided $23 million in compensation.
The Bank of Japan released the "Central Bank Digital Currency Pilot Program Progress Report"

The Bank of Japan has just released the "Central Bank Digital Currency Pilot Program Progress Report", in which blockchain is included as a new technology and as part of the infrastructure supporting currency.
Former Deutsche Bank exec sentenced to 41 months in prison for cryptocurrency fraud

Former Deutsche Bank executive Rashawn Russell was sentenced to 41 months in prison on May 31st in the Eastern District Court of New York in Brooklyn, on charges of cryptocurrency fraud and attempted bank card fraud. He pleaded guilty to these charges last September. According to the US Department of Justice, Russell operated the fraudulent R3 Crypto Fund between November 2020 and August 2022, promising cryptocurrency investments and high returns, but actually using investor funds for personal consumption or to repay other investors. In addition, from September 2021 to June 2023, Russell used at least 43 identities to obtain 97 bank cards, with the intention of engaging in fraudulent transactions. In addition to imprisonment, he was also ordered to pay $1.5 million in compensation to the victims. Russell's case is just one of many cryptocurrency fraud cases in recent months.
Zixi.eth ·

BytomDAO's Strategic Shift to Japan: Full-scale Entry into the AI Track

After completing the upgrade last year, Bytom has transformed into a DAO organization in the AI track.
Cointime精选 ·

Reflections on Ethereum Governance Following the 3074 Saga

Several weeks ago, EIP-3074, a proposal that would bring many of the benefits of AA to EOA users, was approved by the core devs to go into “Pectra,” Ethereum’s next hard fork.
Cointime精选 ·

Abstracting Meaning Away (AMA)

Thoughts inspired by a dAppcon talk
Cointime精选 ·

ETH Berlin 2024 Recap

This past week was an incredible time at Berlin Blockchain Week with the Breadchain team! On May 25, 2024 we had our very own Breadchain Launch Event in Berlin at the Moos Space (with Vitalik in attendance) and competed in the ETH Berlin hackathon where we created a website to help track donations to ETH Evacuations during the live interview at the end of ETH Berlin. Here’s a summary of some of the things that happened.
VitalikButerin ·

Layer 2s as cultural extensions of Ethereum

In my recent post on the differences between layer 1 and layer 2 scaling, I ended up roughly coming to the conclusion that the most important differences between the two approaches are not technical but organizational (using the word in a similar sense to the field of "industrial organization"): it's not about what can get built, but what will get built, because of how the lines between different parts of the ecosystem are drawn and how that affects people's incentives and ability to act. In particular, a layer-2-centric ecosystem is inherently much more pluralistic, and more naturally leads to a greater diversity of different approaches to scaling, virtual machine design, and other technological features.