⛓️ZKsync to Foster Multi-chain Ecosystem

Together with

GM Defiers!

ZKsync, a top Ethereum scaling team, is aiming to foster an ecosystem of interconnected L2s following its 3.0 upgrade. This follows similar moves from Optimism and Polygon.

South American crypto ownership grew by 116% to 55 million last year. Cristobal Pereira, one of the organizers behind ETHChile, flagged the impressive growth during the conference last week.

Aave’s GHO stablecoin is now live on Arbitrum. The launch marks the first deployment in GHO’s multi-chain expansion.

Plus, Mikro Kapital launches a second tokenized bond on Bitfinex Securities, Mantle kicks off liquid restaking incentives, Circle says it is the first compliant stablecoin issuer under Europe’s new MiCA regulations, and digital assets dip on dashed rate cut hopes.

✍️ In today’s newsletter:

ZKsync announces Elastic Chain
ETHChile showcases regional crypto growth
GHO launches on Arbitrum
Tokenized bonds proliferate on Bitfinex
Mantle kicks off LSP incentives
USDC and EURC comply with MiCA
Markets retrace as rates remain steady

🙏Sponsored

📈 Markets in the last 24 hrs:

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

Stellar empowers builders to unlock human and economic potential. Explore the new Stellar smart contract platform, Soroban, designed for scale and sensibility.

The PayPal stablecoin PYUSD is live on Solana. PayPal has over two decades of payments experience, and is now making low-cost, high-throughput web3 payments possible through the PYUSD on Solana launch. Learn about PYUSD on Solana and start building the future of payments.

PayPal, Inc. is licensed to engage in virtual currency business activity by the New York State Department of Financial Services.

Kresko is a novel synthetic asset protocol on Arbitrum. Join the largest points airdrop in DeFi. 690K+ addresses eligible. Check your eligibility now.

🌐ZKsync Unveils Vision For Elastic Chain Ecosystem After 3.0 Upgrade

The recent ZKsync 3.0 upgrade paved the way for the launch of Elastic Chain, an interconnected ecosystem of Layer 2 networks. ZKsync aims to overcome the liquidity fragmentation resulting from the proliferation of Ethereum Layer 2s.

🚀ETHChile Highlights Triple-digit Growth In South American Crypto Ownership

The South American continent hosts the fastest-growing crypto community, with the number of web3 users jumping from 25.5 million to 55.2 million during 2023. The content also hosts the third-largest crypto user base, lagging behind Asia and North America.

💵Aave Launches GHO Stablecoin On Arbitrum

Aave launched its GHO stablecoin on Arbitrum, the largest L2 network. Aave plans to ship GHO onto other supported networks in the near future, including non-EVM chains.

📊Bitfinex Securities and Mikro Kapital Announce Second Tokenized Bond Offering

Mikro Kapital has launched its second tokenized bond via Bitfinex Securities. The news comes as on-chain bonds are proliferating, with Bitcoin Suisse and Misyon Bank launching tokenized bonds in the past month.

🥕Mantle Launches Incentives Campaign for its Liquid Staking Protocol

Mantle has launched incentives to promote the adoption of its new Liquid Staking Protocol (LSP). LSP introduces restaking to the Mantle ecosystem. Mantle’s mETH token is the fourth-largest liquid staking asset.

✅Circle Becomes Europe’s First Compliant Stablecoin Issuer

Circle claims to be the first stablecoin issuer to comply with Europe’s MiCA regulations. However, Circle noted that nothing will change for the “vast majority” of European USDC and EURC users.

📉Crypto Markets Drop as Powell Holds Firm on Interest Rates

Digital assets posted a modest pullback after the Federal Reserve chair said the U.S. central bank is not planning on cutting interest rates anytime soon. Volatility is drying up, with the top 100 cryptocurrencies posting between a 6.2% gain and an 8.9% loss.

🌍 ELSEWHERE

Robinhood Said to Consider Offering Crypto Futures in US, Europe (B loomberg)
Texas judge approves expedited schedule for SEC's case against Consensys (The Block)
Bitcoin Could Get Ethereum-Style Restaking as Startup Lombard Raises $16M (CoinDesk)
Polymarket Hits Record Highs in Monthly Users and Trading Volume Due to Presidential Election (Unchained)