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

  • 38,244.04 DMD Permanently Burned in the Past 7 Days

    On June 25, 2026, the latest on-chain data from DMDAO revealed that a total of 38,244.04 DMD has been permanently burned through the established transaction and wealth management burn mechanisms over the past 7 calendar days.

  • BTC Falls Below $60,000

    Market data shows that BTC has fallen below $60,000, currently priced at $59,954.84, with a 24-hour decline of 4.19%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Drops Below $1600

    Market data shows that ETH has fallen below $1600, currently priced at $1597.55, with a 24-hour decline of 3.81%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Billionaire Philippe Laffont Prefers Investing in Space Over Bitcoin

    Philippe Laffont, founder and portfolio manager of Coatue Management, stated on the Squawk Box program that he is currently unable to determine his stance on Bitcoin. He mentioned that he is rethinking Bitcoin's positioning and expressed a preference for investing in space over Bitcoin. (thestreet)

  • Tech Giants' Data Center Leasing Commitments Exceed $850 Billion

    On June 24, an analysis by Bloomberg of regulatory filings revealed that as tech giants compete to expand their server clusters, the total amount of future data center leasing commitments by large cloud computing companies has continued to rise over the past year, surpassing $850 billion. Last quarter, Meta added leasing commitments of $79 billion, a 76% increase from the previous period; as of March 31, the total reached $182.9 billion. Meta CEO Mark Zuckerberg has stated that the company plans to invest hundreds of billions of dollars in AI infrastructure by 2030. Microsoft followed closely, adding over $41 billion in leasing commitments, bringing its total to $196.6 billion.

  • Address with $34.61 Million Long Position in 21,000 ETH Faces $1.696 Million Loss at 18x Leverage

    According to on-chain analyst Ai Yi, a certain address took a long position of 21,000 ETH with 18x leverage yesterday, amounting to approximately $34.61 million. Currently, it is facing an unrealized loss of $1.696 million, with an opening price of $1,728.5 and a liquidation price of $1,590.1.

  • U.S. 10-Year Treasury Yield Falls to 4.4138%, Lowest Since May 11

    On June 24, the yield on U.S. 10-year Treasury bonds fell to 4.4138%, the lowest level since May 11. The yield on U.S. 30-year Treasury bonds dropped to 4.8572%, the lowest since April 15.

  • Crypto Market Liquidations Reach $134 Million in the Last Hour, with $125 Million in Long Liquidations

    According to CoinGlass data, the total liquidation amount across the network in the last hour reached $134 million, with long liquidations accounting for $125 million and short liquidations amounting to $8.539 million.

  • BTC Falls Below $61,000

    Market data shows that BTC has fallen below $61,000, currently priced at $60,986.03, with a 24-hour decline of 2.88%. The market is experiencing significant volatility, so please ensure proper risk management.

  • International Oil Prices Plunge as U.S. Oil Futures Fall Below $70

    On June 24, international crude oil prices continued to decline, with U.S. WTI crude oil futures falling below the $70 per barrel mark during trading, down 4.4% for the day, reaching a new low since March 2, and reverting to levels seen before the outbreak of the Iran conflict. Brent crude oil futures for August dropped 4.5%, settling at $73.6 per barrel. Market expectations of easing tensions in the Middle East, a recovery in Iranian oil supply, and rising interest rate expectations due to U.S. inflation have pressured oil prices.