Cointime

Download App
iOS & Android

Protocol Village: Neon EVM (on Solana) to Support Gas Fee Payments in Several Tokens

Artificial intelligence (AI) company OpenAI ousted Sam Altman as CEO and from the board, the board of directors announced in a blog post Friday.

Nov. 17: Neon, an Ethereum Virtual Machine for scaling Ethereum apps on Solana, was set to announce at EthGlobal its testnet’s support for several tokens as gas fee payments, set to go live on mainnet before the end of this year, according to the team: "It marks a significant step towards enhancing user experiences within the EVM ecosystem. Users can bridge tokens from Ethereum to Solana for use in Neon EVM dApps or services, bypassing the need for NEON. The multi-token gas payment solution accepts various tokens, including SPL, USDC, USDT and SOL, offering flexibility in paying gas fees with the user's preferred token."

Protocol Village is a regular feature of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday. Project teams can submit updates here. For previous versions of Protocol Village, please go here.

"Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities," the blog post said.

ZkLink Launches Nexus, an L3 to Bridge L2s

Nov. 17: ZkLink, a developer of zero-knowledge-proof powered blockchain solutions, announced the launch of Nexus, a production-ready and highly customizable layer-3 or "L3" designed to bridge the gap among different ZK Rollup layer-2 or "L2" ecosystems, to reduce liquidity fragmentation, according to the team.

Union Labs, Zero-Knowledge Interoperability Layer, Raises $4M in Seed Funding

Nov. 17: Union Labs, which aims to create an efficient zero-knowledge interoperability layer, has successfully raised $4 million in seed funding to build the "first fully trustless bridge that connects appchains, layer-1, and layer-2 networks," according to the team. "Capital secured is also earmarked for the expansion of Union’s seasoned team, comprised of leaders from Composable Finance; Consensys; Tokensoft; and Polygon; in anticipation of its upcoming mainnet launch. Other notable investors in the round include Lightshift and Chorus One."

Fhenix, Developer of 'Confidential Blockchain,' Now Plans Ethereum Rollups

Nov. 16: Fhenix, which announced a $7M fundraising in September to build a "confidential blockchain" powered by fully homomorphic encryption or (FHE), disclosed Thursday that it is "introducing FHE Rollups to boost privacy on Ethereum and similar networks." According to a message from the team: "These rollups enable secure on-chain transactions and private applications, letting developers craft confidential layer-2 networks while staying compatible with Ethereum." Fhenix founder Guy Zyskind told CoinDesk in an interview that "We're going to have our canonical Fhenix L2 mainnet," but also "We're trying to be the encrypted rollup stack" that builders can use to create their own networks. "Developers are not going to know there's crazy math and encryption under the hood," he said.

DLN, BloXroute to Create High-Speed Cross-Chain Intents Network

Nov. 16: DLN, which stands for deSwap Liquidity Network, a cross-chain trading infrastructure build on deBridge, has entered into a strategic partnership with bloXroute, a DeFi performance provider, "to provide MEV searchers, institutional DeFi traders and projects with lightning-fast intents-based cross-chain value exchange," according to the team: "Thanks to the synergy between DLN high performance infrastructure and the fast transaction-propagation capabilities of bloXroute’s blockchain distribution network, users and integrating dApps will be able to use bloXroute API for the fastest cross-chain interactions available."

Kinetex Gets Strategic Investment to Build on Gnosis

Nov. 16: Kinetex Network, a decentralized platform for cross-chain trading, announced the close of a strategic funding round, a "seven-figure sum," led by Factor and Gnosis Chain, to build on Gnosis Chain, a community-led EVM layer-1, according to the team: "This partnership empowers Kinetex to refine its groundbreaking trading approach to transferring liquidity between networks that eliminates the need to store assets in pools and leverages zero-knowledge (Zk) technology to achieve validation without relying on third parties.... Kinetex plans to launch its public testnet on Gnosis Chain early next year. Scheduled to last three months, the test phase is geared towards identifying bugs and refining the user experience."

Nocturne, Protocol for On-Chain Private Accounts, Deploys v1 to Ethereum

Nov. 16: Nocturne, a protocol enabling on-chain private accounts, has announced the successful deployment of Nocturne v1 to Ethereum mainnet. According to the team: "This marks a significant milestone in the journey towards a more private and accessible Ethereum. For the first time, users will have a compatible and easy-to-use product resembling a private onchain account."

Comments

All Comments

Recommended for you

  • BTC Surpasses $80,000

    Market data shows that BTC has surpassed $80,000, currently priced at $80,071.38, with a 24-hour increase of 2.32%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $79,000

    Market data shows that BTC has surpassed $79,000, currently priced at $79,010.22, with a 24-hour increase of 0.98%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Iran's Foreign Ministry: The U.S. Responds to Iran's '14-Point Proposal'

    On May 4, local time on May 3, Iranian Foreign Ministry spokesman Baghaei stated that the U.S. has responded to Iran's '14-point proposal' through Pakistan, and Iran is currently reviewing this response. Baghaei pointed out that Iran proposed to reach an understanding on a complete cessation of hostilities within 30 days and to agree on its implementation, focusing on ending conflicts on all fronts, including Lebanon. Baghaei also mentioned that 'at this stage, there are no nuclear negotiations between the U.S. and Iran.' (Dongxin News Agency)

  • SpaceX IPO Approaches, Wall Street May Sell Billions in Tech Stocks to Reallocate Funds

    According to The Information, SpaceX is set to launch a large-scale initial public offering (IPO), prompting major funds on Wall Street to take action. Reports indicate that about a week ago, a private jet emblazoned with the SpaceX logo carried nearly 200 investors from large Wall Street funds to Texas for a multi-day roadshow hosted by SpaceX executives. Due to overwhelming subscription demand, there were even instances where the aircraft could not accommodate all interested investors. As the IPO of this company, which comprises Musk's rocket and AI businesses, approaches, Wall Street may be discussing which tech stocks to sell in order to free up funds for subscribing to SpaceX shares, which is expected to trigger a sell-off of billions in tech stocks.

  • ETH Falls Below $2300

    Market data shows that ETH has fallen below $2300, currently priced at $2299.76, with a 24-hour increase of 0.11%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Trump Suggests Possibility of Resuming Airstrikes on Iran

    On May 3, during an interview at an airport in Florida on the evening of May 2, U.S. President Trump stated that there is a possibility of the U.S. resuming airstrikes on Iran. Trump posted on social media that he would soon review Iran's latest proposal, but he 'cannot imagine' that the proposal 'would be acceptable,' threatening that Iran 'has not yet paid a sufficiently high price.' Earlier that day, before boarding Air Force One, Trump indicated that he would provide further details on Iran's latest proposal. Previously, reports indicated that Iran had submitted a proposal containing 14 points through Pakistan in response to the 9 proposals put forth by the U.S.

  • Berkshire Hathaway's Cash Reserves Surge to Record $397 Billion

    On May 2, it was reported that in the first quarter under CEO Greg Abel, Berkshire Hathaway's cash reserves soared to an all-time high of $397 billion. Although the company's cash reserves slightly decreased at the end of last year, they saw a significant increase in the first quarter, as the company net sold $8.1 billion in stocks during this period. (Jin Shi)

  • Berkshire Hathaway Releases Q1 Report

    On May 2, Berkshire Hathaway A (BRK.A.N) reported Q1 2026 revenue of $93.675 billion, up from $89.725 billion in the same period last year, exceeding market expectations of $89.274 billion. The net profit was $10.106 billion, compared to $4.603 billion in the same period last year, while market expectations were $11.762 billion. (Jin Shi)

  • U.S. Government: $40 Billion Earned from 10% Stake in Intel (INTC.US)

    On May 2, the U.S. government announced that its 10% stake in Intel (INTC.US) has generated $40 billion in earnings. (Dongxin News Agency)

  • BTC Falls Below $78,000

    Market data shows that BTC has fallen below $78,000, currently priced at $77,977.99, with a 24-hour increase of 1.9%. The market is experiencing significant volatility, so please ensure proper risk management.