Bridge


Markets

Stripe's Acquisition of Bridge Validates the Usage of Stablecoins: Bernstein

Stablecoins have emerged as the main use case for blockchains, especially for cross-border payments, the report said.

The supply of stablecoins USDT and USDC  grew by $10 billion in a month, 10x research noted. (Shubham Dhage/Unsplash)

Finance

Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report

Bridge, founded by Square and Coinbase alumni, recently raised $40 million in a round led by Sequoia and Ribbit.

Bridge (Charlie Green/Unsplash)

Tech

Ronin Bridge Paused, Restarted After $12M Drained in Whitehat Hack

“The bridge currently secures over $850M which is safe,” co-founder @Psycheout86 said in an X post.

Bridge (Charlie Green/Unsplash)

Finance

Defi Protocol LI.FI Struck by $11M Exploit

The exploit is reported to be related to the LI.FI bridge.

(Kevin Ku/Unsplash)

Tech

Cosmos DAO Osmosis to Adopt Fee-Free Bitcoin Bridge

Osmosis is achieving this through a revenue-share proposal with Bitcoin bridge Nomic.

Ethan Buchman (left), co-founder of Cosmos, speaks about Bitcoin with Osmosis Labs co-founder Sunny Aggarwal, at Consensus 2024 in Austin, Texas. (CoinDesk)

Tech

Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain

Alongside the new entities, Fantom raised $10 million in a funding round that will go towards Sonic’s ecosystem development.

Fantom Foundation CEO Michael Kong (Fantom)

Tech

Union Labs Plans Polygon-to-Cosmos Bridge with New AggLayer Integration

The new technology from Union Labs comes after the blockchain interoperability project raised $4 million in November.

Union Labs team (Union Labs)

Tech

OG Bitcoin L2 Stacks Is Getting a Major Overhaul

The Nakamoto update will decouple block production from Bitcoin itself, solving the problem of network congestion Stacks has had since it launched its mainnet in 2021.

(CoinDesk TV)

Tech

Chainlink Aims to Make Transfers Across Blockchains Safer with New Bridge App 'Transporter'

"Having a secure way to move both value and data across chains is something the blockchain industry has needed for years," Chainlink co-founder Sergey Nazarov said.

Chainlink co-founder Sergey Nazarov speaks at the project's SmartCon conference in Barcelona. (Chainlink)

Tech

Socket, Bungee Restart Operations After Apparent $3.3M Exploit

The platform experienced a security incident late Tuesday that affected wallets with infinite approvals to Socket contracts, developers said.

Computer Hacking Hackers (Shutterstock)