Matter Labs’ move to trademark the commonly-used acronym was met with condemnation from the web3 community.

Election markets have already driven more than $235 million worth of wagers on the platform.

Initia is an upcoming modular blockchain platform that enables developers to easily deploy and customize highly scalable application-specific blockchains using Layer 2 solutions.

The Defiant's most read stories for the week of May 27.

The indefinite delay is due to a “stakeholder raising an issue,” said the Foundation.

Daily active users on Friendtech and Fantasy Top continue to plummet.

Transactions have tripled since the beginning of the year, while wallets have doubled to 75 million.

The Runes ecosystem rallied 40% on May 30, while top Ordinals collections have plummeted between 40% and 60% from their 2024 highs.

Analysts are optimistic that Ethereum ETFs could launch in June.

The company said affected users will be paid back in full.