Succinct, a blockchain infrastructure startup backed by prominent crypto investor Paradigm, is set to launch its native cryptocurrency, PROVE. This token will serve as the economic foundation for Succinct’s decentralized zero-knowledge (ZK) prover network, designed to enable permissionless, scalable, and efficient proof generation for blockchain applications. What Is the Succinct Prover Network? The Succinct Prover Network aims to revolutionize how zero-knowledge proofs are generated. Zero-knowledge proofs are cryptographic tools that enable one party to prove to another that a statement is true without revealing any underlying information. These proofs are critical to blockchain scalability and privacy but are often computationally…
Author: Blockto Team
A Fragile Approach to a Fast-Growing Market U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has delivered a strong message on the current state of cryptocurrency regulation. Speaking at a recent event, she likened the agency’s oversight of crypto markets to “regulatory Jenga” — an unstable structure where each piece removed risks collapse. Crenshaw’s comments signal growing internal concerns within the SEC about how to handle the booming digital asset industry. Her warning: Without a solid regulatory foundation, everything could fall apart. What She Meant by “Regulatory Jenga” Using the well-known game as a metaphor, Crenshaw criticized the patchwork…
Indonesian Fintech Firm Makes Bold Crypto Move Indonesian digital finance company DigiAsia Bios has made headlines after its shares skyrocketed by 90% following the announcement of its plan to raise $100 million to invest in Bitcoin. This bold move aligns the company with a growing number of global firms turning to cryptocurrency as a strategic financial asset. $100 Million Fundraising Target On Monday, DigiAsia revealed its intentions to raise $100 million in capital, with a significant portion earmarked for Bitcoin acquisition. The company plans to use the cryptocurrency as a store of value, hedging against inflation and currency devaluation in…
Solana Labs’ spinout, Anza, has introduced a transformative proposal titled “Alpenglow,” which aims to make the most significant upgrade to Solana’s core protocol since its inception. This initiative is designed to address long-standing architectural challenges and prepare the network for future scalability. Alpenglow’s core innovation lies in decoupling Solana’s consensus and execution layers, allowing each to evolve independently. This modular design will bring greater efficiency, improved decentralization, and smoother upgrades across the blockchain. “Alpenglow is the biggest change to Solana’s core protocol to date,” Anza declared in its proposal, marking a bold new direction for the high-performance blockchain. The separation…
In a major milestone for the decentralized finance (DeFi) ecosystem, Aave’s Total Value Locked (TVL) has surpassed $30 billion, reflecting a powerful resurgence of activity and investor confidence in the Ethereum-based protocol. Aave, one of the leading DeFi lending platforms, allows users to lend and borrow cryptocurrencies without intermediaries. The recent surge in TVL is widely seen as a sign of renewed strength in Ethereum DeFi, following months of market consolidation and regulatory uncertainty. Bullish Indicators for Ethereum and DeFi The $30 billion TVL mark is the highest Aave has seen since late 2021, during the peak of the last…
In a significant move, JPMorgan Chase, one of the largest banking institutions in the world, announced that its customers will soon be able to buy Bitcoin directly through the bank’s platform. This marks a major milestone in the growing acceptance of cryptocurrency within the traditional banking sector. What JPMorgan’s Announcement Means JPMorgan’s decision to allow bank users to purchase Bitcoin directly signals the increasing integration of digital assets into mainstream finance. Traditionally, banks have been cautious or even skeptical about cryptocurrencies, citing concerns about volatility, regulation, and security. However, with growing demand and the expanding role of digital currencies, JPMorgan…
In a pivotal development for the U.S. cryptocurrency sector, Democratic Senator Mark Warner has announced his support for a new stablecoin regulation bill, signaling growing bipartisan momentum ahead of a key Senate vote. Warner’s endorsement marks a significant step as lawmakers aim to bring clarity and accountability to the fast-evolving digital asset landscape. A Bipartisan Push for Stablecoin Oversight Senator Warner, known for his centrist stance and influence on technology policy, stated that “responsible regulation of stablecoins is essential to protect consumers and maintain financial stability.” The proposed legislation aims to set clear rules for stablecoin issuers, mandating that they…
Immunefi, the leading Web3 bug bounty platform, has announced the launch of its ‘All Stars’ program, an exclusive initiative for elite whitehat hackers. This announcement comes at a critical time, as the crypto space faces increasing on-chain threats, most notably the recent $1.4 billion Bybit-linked hack, marking one of the largest DeFi exploits to date. A New Era of Elite Web3 Security The Immunefi All Stars program is designed to unite the most skilled whitehat hackers in the crypto space, providing them with access to exclusive bounties, private testing programs, and early bug disclosures from high-profile projects. The initiative aims…
The U.S. Securities and Exchange Commission (SEC) has officially delayed its decision on two proposed Solana-based exchange-traded funds (ETFs) from 21Shares and Bitwise Asset Management, sparking new discussions around regulatory timelines for altcoin-backed investment products. The delay, announced on May 17, comes as no surprise to seasoned market observers, who note the SEC’s cautious approach when it comes to crypto ETFs, especially those not linked to Bitcoin or Ethereum. “The Commission finds it appropriate to designate a longer period to take action,” the SEC stated in its filing, adding that the agency is opening a public comment period to gather…
Charles Hoskinson, the founder of Cardano (ADA), has publicly addressed accusations related to the alleged mishandling of Cardano’s $600 million treasury, calling the claims “baseless” and “deeply hurtful.” He further committed to a full independent audit of the treasury funds to ensure transparency and restore community trust. “I’ve dedicated over a decade of my life to building Cardano with integrity. These attacks hurt — not just me, but the entire community,” Hoskinson stated on social media platform X (formerly Twitter). The Allegations: Community Questions Treasury Oversight The controversy began when several influencers and developers within the Cardano ecosystem raised concerns…