Tether launched a new stablecoin pegged to the Mexican Peso Thursday, marking the company’s first foray into Latin America while adding to a roster that already includes USD₮, the world’s largest stablecoin by market capitalization.  Dubbed MXN₮, the stablecoin is pegged 1:1 to the Peso, according to Tether, meaning each MXN₮ token is worth one…

Aave has stopped offering incentives to Ethereum v2 users in its native token, AAVE. At a total value-locked (TVL) of $8.57B, Aave is the third-largest DeFi protocol and the largest decentralized money market.  Aave had incentivized adoption on its v2 deployment since April 2021 by offering AAVE tokens to those that borrowed or supplied crypto.…

Web3 blog platform Mirror now lets writers sell their essays as NFTs. Mirror, a kind of Medium meets Web3, lets bloggers publish essays on the Ethereum blockchain, then vote on the best ones with the platform’s governance token.  Upstart writers could already sell NFTs on the platform and hold crowdsales – they’ve raised $15.36M since…

The Eth2 Beacon Chain’s validators fell out of step on May 25 after a client update boosted some clients but caused confusion among validators who hadn’t bothered to upgrade. The incident, called a blockchain reorganization, happens when nodes disagree on the order of the most recent block. Blockchains order blocks – batches of transactions –…

Web3 gaming, DeFi, zero-knowledge proofs, decentralized social media, self-sovereign identity and layer 1 and 2 infrastructure are among the fund’s areas of focus.

Flowcarbon has raised $70M in a token sale led by a16z. It will offer crypto-based carbon credits.

17,000 addresses have been disqualified from the Optimism airdrop with 14M OP tokens reallocated.

Even though the price of ETH has fallen by about 50% since early April, Ethereum scaling solutions continue to secure huge amounts of funding to address the bottlenecks that slow down the blockchain and make it expensive to use. On May 25, StarkWare, an Israeli startup building Layer 2 scaling solutions for Ethereum, announced the…

Layer 1s are the base layer of a blockchain network. Here's how they work, and why they're so important to crypto.