Optimism PBC has launched the first phase of its Layer-2 scaling solution for Ethereum. Leading DeFi platforms beginning with Synthetix Network, Chainlink, and Uniswap are already lining up to enjoy cheaper and faster network speeds.

The launch of yield farming on NEO-based Flamingo was postponed after “heavy demand” overloaded one of NEO’s official wallets, prompting developers to delay the launch by 24 hours.

Ripple launched a new non-profit organization tasked with achieving mass adoption for XRP Ledger. Investors welcomed the initiative by pushing XRP prices up by more than 9%.

Mask Network has launched a crypto trading widget for social media users, as presented in a blog post from the project.

With Mask Network’s plugin, crypto users can send payments, exchange cryptocurrency, borrow, follow other traders, buy from token sales, bet in prediction markets, and make use of portfolio analysis tools.

While the market focuses on the plight of DeFi tokens, Balancer and Ocean Protocol have teamed up to build the sector’s first fair marketplace to buy and sell data. Ocean’s data tokens will be listable on Balancer’s exchange, promising new utility for DeFi and crypto.

The president and CEO of the Federal Reserve Bank of Cleveland, Loretta J. Mester, revealed plans for a new digital dollar on Wednesday. The plans outline a complete overhaul of the existing system, eliminating commercial banks, and compromising the privacy of individuals. 

The European Commission has put forward a prospective regulatory framework for cryptocurrencies and stablecoins, as discussed on the organization’s website and in original documents.

Polkadot is a blockchain protocol designed to support multiple chains within a single network. It aims to overcome a problem in the current blockchain landscape: hundreds of blockchains exist in isolation and have little ability to communicate.

JustSwap, a Uniswap clone, recorded over $360 million of trading volume in an unknown token, raising suspicion that the exchange is rife with wash trading. This comes at a time when the largest DeFi tokens are struggling to trade over $150 million of daily volume.

The Singapore-based cryptocurrency and derivatives exchange, Phemex, has just announced the Phemex Trader’s Arena. The trading competition offers participants up to 100 Bitcoin in prizes.

To qualify, traders must meet the following criteria: