Author: Kryptonews

Key Takeaways:Psy Protocol launches the first-ever Proof-of-Work (PoW) verified bridge linking Dogecoin to Solana.Dogecoin’s $36B market cap and massive user base now gain access to Solana’s high-speed DeFi, NFT, and gaming ecosystem.This trustless, non-custodial bridge eliminates common security risks tied to traditional crypto bridges.Solana has just made a decisive move that could reshape the multichain future of crypto. Powered by Psy Protocol and Wormhole, a new bridge now links Dogecoin—crypto’s most iconic memecoin—directly to the Solana blockchain. But what sets this apart? It’s the first time a Proof-of-Work blockchain has been securely bridged to Solana without trusting intermediaries.Read More: Solana…

The Problem with Blockchain Silos Blockchain technology was designed to be decentralized, censorship-resistant, and open. However, the early days of cryptocurrencies like Bitcoin and Ethereum quickly led to a fragmented landscape where different chains operated in isolation. Each blockchain became a "silo," unable to communicate or exchange data securely with others. This limitation hindered scalability, reduced liquidity, and prevented the seamless transfer of assets across ecosystems. For example, Ethereum, the leading smart contract platform, holds billions in value but struggles with high transaction fees and slow processing times. Meanwhile, other chains like Solana or Polkadot offer faster, cheaper alternatives but…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum is holding firm above the $2,500 level after weeks of strong buying pressure and bullish momentum, despite having lost more than 60% of its value since December 2024. The asset’s resilience comes at a pivotal time: Bitcoin has…

The last time Justin Sun set foot in the U.S. he was Grenada’s WTO ambassador and was navigating the rocky waters of former President Biden’s crypto crackdown.Times have changed. Now, he’s dining at an event hosted by President Donald Trump for the largest holders of his TRUMP memecoin and celebrating a regulatory breakthrough, as issuers eye a potential Tron ETF, signaling a striking reversal in crypto’s American fortunes.Speaking exclusively with CoinDesk after the Presidential dinner, which was met by protestors, the Tron founder dismissed allegations that the token is a vehicle for bribery. He called skeptics short-sighted, arguing Trump’s embrace…

The markets are white hot, and it’s going to be a profitable summer. But getting the right tokens at the right time is key to maximising returns. Pi Coin (PI), Cardano (ADA), Avalanche (AVAX), and Remittix are all great contenders for the hottest asset this year. Let’s see what they have on offer. Pi Coin (PI): Stanford project goes mainstream Developed by Stanford students in 2019, Pi Coin is a mobile-first blockchain. Its mainnet was released in February at $0.60 and spiked to almost $3.00 within days. But it was the wrong time to launch, and Pi Coin suffered along…

Understanding Layer-1 vs. Layer-2 Scaling Solutions Blockchain technology has struggled with scalability issues since its inception. As demand for decentralized applications (dApps) and transactions increases, many leading blockchains face slow processing times and high transaction fees. To address this, developers have turned to two primary scaling solutions: Layer-1 (L1) and Layer-2 (L2). While both aim to improve blockchain performance, they differ significantly in their approach. What Are Layer-1 Scaling Solutions? Layer-1 scaling refers to direct improvements made to the base protocol of a blockchain. These modifications aim to increase efficiency by optimizing core parameters such as block size, consensus mechanisms,…

Active loans across decentralized lending applications climbed to a record $23.723 billion on May 21, based on Token Terminal data.Meanwhile, the DeFi ecosystem’s total value locked (TVL) sits 6.4% below the level recorded on Jan. 31, the day before President Donald Trump formalized his proposed import tariffs. The surge in outstanding loans extends an expansion that began in early April when lending markets regained momentum alongside broader crypto prices. Token Terminal data shows that the aggregate loans have expanded by roughly $8.5 billion since April 8, lifted by deeper liquidity on Aave, Morpho, and Compound.At $23.723 billion, active loans now exceed the…

The world’s largest crypto exchange by trading volume is adding support for an asset linked with President Donald Trump’s new decentralized finance project, World Liberty Financial (WLFI). In a new announcement, Binance says it will add support for the stablecoin World Liberty Financial USD (USD1), a dollar-pegged digital asset managed by the crypto asset manager BitGo. “Binance is excited to announce that World Liberty Financial USD (USD1) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin [on May 22nd].” USD1, which was designed to keep a 1:1 peg to the US dollar, launched in March…

Strive aims to acquire 75,000 BTC from Mt. Gox creditor claims, leveraging a discounted opportunity to build its treasury amid a historic crypto recovery process in 2025.Strive Eyeing Mt. Gox’s Discounted BitcoinStrive’s plan to purchase 75,000 Bitcoin BTC at a discount from Mt. Gox claims is a calculated bet on the cryptocurrency’s long-term value. Strive, a Bitcoin treasury company led by Vivek Ramaswamy, requires shareholder approval to proceed, as the Japan-based Mt. Gox prepares to distribute its remaining assets to creditors.Strive announced that it has entered into a strategic partnership with 117 Castell Advisory Group LLC to source and evaluate…

CFTC outgoing commissioner Summer Mersinger has hinted that the agency would “very soon” approve crypto perpetual futures in the US.Speaking to Bloomberg on Thursday, she said that the commission has received some applications for approval of these products.“I think those can come to market now, and we’re seeing some applications, and I believe we’ll have some of those products trading live very soon,” Mersinger said.CFTC to Greenlight Crypto Perpetual FuturesShe added that it will be great to get those products trading back onshore in the US. “I think it’s unfortunate that it has been driven offshore for so long.”Mersinger added…