Bridge
Aggregation Is the Only Way to Unify Web3
Blockchains are stuck in silos, fragmenting liquidity and making for a clunky user experience. It's time to tear down the walls.
Stripe Bets Big on Stablecoins with Bridge Buy; Ripple's Larsen Leads Harris Crypto Donations
Bitcoin price falling back after failing to breach $70,000 and broker Bernstein explains why Stripe's acquisition of Bridge is a major nod to stablecoin usage. Plus, Ripple co-founder Chris Larsen leads crypto donations for Kamala Harris' campaign. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
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.
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.
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.
Defi Protocol LI.FI Struck by $11M Exploit
The exploit is reported to be related to the LI.FI bridge.
Cosmos DAO Osmosis to Adopt Fee-Free Bitcoin Bridge
Osmosis is achieving this through a revenue-share proposal with Bitcoin bridge Nomic.
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.
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.
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.
