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

  • Strategy CEO: Company to Continue Adding More Bitcoin This Year

    On August 11, Strategy CEO Phong Le said in an interview with Fox News that the company will continue to accumulate more Bitcoin within this year.

  • BTC Falls Below $64,000

    Market data shows BTC has fallen below $64,000, currently trading at $63,998, with a 24-hour decline of 1.25%. Market volatility is significant; please exercise risk control.

  • Nvidia reportedly developing trillion-parameter open-source AI model Nemotron 4

    On August 11, Nvidia is developing a new generation of open-source artificial intelligence model, Nemotron 4, with an expected parameter scale of at least 1 trillion, aiming to compete with the world's leading open-source large models. Nvidia hopes to expand the application scope of AI through an open model ecosystem and further drive market demand for its GPU computing power. Nvidia has previously launched the Nemotron series of open-source models, including the Nemotron-4 340B series with 340 billion parameters, primarily used for large language model training data generation, model development, and enterprise AI applications.

  • Crypto-Friendly Bank Erebor Seeks $1.5B Funding with a16z Participation

    On August 11, Erebor Bank, a crypto-friendly bank co-founded by Oculus and Anduril founder Palmer Luckey and Palantir co-founder Joe Lonsdale, is seeking $1.5 billion in funding, with a pre-money valuation target of $8 billion. This valuation is nearly double the $435 million valuation the company had when it completed a $350 million funding round in December 2025. Erebor has already received support from investment institutions such as 8VC and Haun Ventures, and the new funding round is expected to attract participation from Lux Capital, Andreessen Horowitz (a16z), Human Capital, Valor Equity Partners, and SV Angel, among others. As AI infrastructure investment enters a phase of rapid expansion, Erebor is targeting the financing needs of AI companies. AI companies require substantial capital to purchase GPUs, build data centers, and secure energy supplies, while traditional financial institutions are gradually exploring financing models for AI infrastructure assets. However, whether Erebor can maintain rapid growth after the AI and crypto industry cycles cool down remains a key focus for the market. The funding round has not yet been finalized and is expected to be completed within the coming weeks.

  • Russia's Central Bank Adds Bitcoin, Ethereum, and USDT to Publicly Tradable Cryptocurrency List

    On August 11, the Central Bank of Russia included Bitcoin, Ethereum, and Tether (USDT) in the list of cryptocurrencies that can be publicly traded on domestic exchanges.

  • BTC Breaks Above $64,000

    Market data shows BTC has broken through $64,000 and is currently reported at $64,000.33, with a 24-hour decline of 1.53%. Market volatility is high, so please exercise caution and manage risks accordingly.

  • BTC Falls Below $64,000

    Market data shows BTC has fallen below $64,000, currently at $63,999.77, with a 24-hour decline of 1.89%. Market volatility is significant; please exercise risk control.

  • Vitalik Updates Ethereum Roadmap: Privacy, Post-Quantum Scaling, and Native Rollups Become New Priorities

    On August 10, Vitalik Buterin stated that he had compared the 2023 Ethereum roadmap with the current Strawmap. The overall direction still overlaps considerably, but some priorities and technical paths have been clearly adjusted, including raising the priority of quantum safety, downweighting VDF and some EVM improvements, and replacing old designs with solutions such as a unified binary tree, PBT, and new state types. He noted that the most notable change in the current Strawmap is the emergence of several new topics not included in the 2023 roadmap, reflecting a shift in Ethereum's R&D focus. These new priorities include: stronger native privacy support, aggressive scaling in a post-quantum context, specification streamlining for formal verification, Blob and Gas futures, native Rollups, and a more open design space for the future shape of the EVM. Vitalik also emphasized that Ethereum's scaling approach is shifting from 'expanding all activities comprehensively' to 'designing more scalable dedicated mechanisms for specific high-load scenarios,' and he regards STARK proofs and AI-accelerated formal verification as important foundations for the protocol's future. Overall, this update shows that the Ethereum roadmap is evolving toward quantum safety, privacy-first, censorship resistance, high performance, and simpler protocol design.

  • ETH Falls Below $1900

    Market数据显示,ETH has fallen below $1900, currently reported at $1899.19, with a 24-hour decline of 1.28%. The market is highly volatile. Please exercise risk control.

  • Microsoft Plans to Release Next-Gen MAIA 300 AI Chip in September

    On August 10, according to reports, Microsoft plans to release its next-generation MAIA 300 AI chip in September.