Day: March 27, 2025

Celo Merges With An Optimism Rollup To Become Ethereum L2

Celo has officially shifted from a standalone layer-1 chain to a full-fledged layer-2 scaling solution on Ethereum. This move, completed on March 26, transforms the entire ecosystem by harnessing the OP Stack for fast transactions and low gas fees. Developers maintain that this transition unlocks new network effects while retaining the original chain’s history and […]

Hyperliquid JELLY Fiasco Erupts After A Massive Short Squeeze

Hyperliquid is facing a severe crisis. Its involvement with JELLY JELLY, a newly launched Solana meme coin, has turned into a financial nightmare. A massive short squeeze has rocked the platform, placing it on the hook for a potential $230 million in losses. Adding fuel to the fire, both Binance and OKX listed JELLY perpetuals, […]

Pi Network Crash Intensifies As PI Drops Over 70%

After hitting an all-time high of $2.99 in late February, Pi Network’s native token (PI) is now down roughly 73% to about $0.81. While altcoins, on average, have dropped around 6.9% in the same period, PI’s decline outpaces them more than tenfold. Token dynamics, significant new issuance, and recent controversies all seem to weigh on […]

Wyoming Has Announced Plans To Launch Its Stablecoin

Wyoming has announced plans to launch its WYST stablecoin this July, signaling a turning point for U.S. states interested in tokenizing their treasury holdings. LayerZero, an interoperability protocol, will handle the stablecoin’s issuance. The project aims to back WYST with cash, U.S. Treasury bonds, and repurchase agreements, ensuring a strong 102% reserve requirement. The goal […]