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Lightning Labs releases Taproot Assets v0.8 and its SDK to support the development of stablecoins on the Bitcoin network.
PANews reported on June 24th that Lightning Labs has released Taproot Assets v0.8 and its accompanying SDK. The new SDK allows developers to quickly integrate stablecoin functionality onto the Bitcoin network, adding features such as backup and recovery, multi-asset liquidity control, and faster proof verification, aiming to improve infrastructure efficiency. Lightning Labs stated that the future of multi-asset Bitcoin has arrived and encourages developers to begin building.
Aave Labs has initiated a syrupUSDG proposal to integrate Maple with V4.
According to Foresight News , Aave Labs has released a proposal to integrate Maple Finance's newly launched yield token syrupUSDG into the Global Dollar Hub on Aave V4, and to introduce syrupUSDG as collateral for the Aave DAO.
South Korean fintech company Toss is partnering with Optimism and Sunnyside Labs to explore stablecoins in the Korean won.
PANews reported on July 8th that, according to The Block, South Korean fintech company Toss is collaborating with Optimism and Sunnyside Labs to explore a won-denominated stablecoin. The three parties will conduct proof-of-concept trials in the coming months to test the application of OP Stack in compliant blockchain digital financial infrastructure.
Category Labs launches Cadence, a new consensus protocol designed to alleviate the MEV problem at the protocol level.
Foresight News reports that Category Labs (formerly Monad Labs) has announced the launch of Cadence, a new consensus protocol that employs a Multiple Concurrent Proposer (MCP) mechanism. This mechanism supports multiple block proposers participating concurrently in consensus, achieving extremely short block intervals without sacrificing latency. Test data shows that, based on a simulated network of 200 global nodes, the average final confirmation time is 219 milliseconds, and the average speculative confirmation time is 167 milliseconds. The team stated that, combined with the cryptographic memory pool design BTX, Cadence represents a significant step towards solving the MEV problem at the protocol layer.
Polymarket launches Bitcoin Lightning Network instant deposits and integrates the Spark protocol.
BlockBeats reported on July 8th that prediction market platform Polymarket announced support for instant, self-custodied deposits via the Bitcoin Lightning Network, powered by the Spark protocol. Compared to the previous on-chain deposit method, which required 3 to 6 block confirmations and took approximately 10 to 60 minutes, the new solution achieves near-instantaneous deposits, lowering the deposit threshold and transaction costs. According to reports, Spark performs checks for double-spending risk, fees, and Replace-by-Fee (RBF) during transaction broadcasting, achieving "zero-confirmation" deposits. It also supports on-chain, Lightning Network, and stablecoin payment channels, eliminating the need for the platform to operate its own Lightning Network nodes. Polymarket stated that this move will further improve the efficiency of Bitcoin users' fund utilization and enhance its competitiveness against rival Kalshi.
US stocks closed lower across the board for AI-related stocks, with Astera Labs falling more than 11.52%.
According to data from Odaily Odaily, at the close of trading on November 11, 2023, the Dow Jones Industrial Average fell 0.25%, the S&P 500 fell 0.45%, the Nasdaq Composite fell 1.16%, and the VIX volatility index rose 3.6%. AI concept stocks generally declined, with Astera Labs falling 11.52%, Ambarella falling 9.92%, Teradyne falling 9.59%, AeroVironment falling 8.09%, and Cognex falling 7.61%. MSX is a leading RWA trading platform that has listed hundreds of RWA tokens, including popular US stock and ETF tokens such as NVDA, GOOGL, MSFT, AMZN, META, TSM, and AMD.