Russia Eyes Mass Digital Ruble Production by July Next Year
After successfully completing pilot tests, the Bank of Russia plans to introduce the digital ruble for general usage by July 2025. Russia’s state-run news agency, TASS, announced that the Bank of Russia could launch its digital currency, the digital ruble, for general usage in July 2025. In a Federation Council speech, Russia’s central bank governor, […]
Movement Labs Joins Polygon’s AggLayer to Unify Liquidity
Movement Labs and Polygon Labs have revealed a major step forward in blockchain interoperability as they join the AggLayer. Movement Labs will be the first Move-based ecosystem to utilize this technology since this integration will provide uniform liquidity across MoveVM-based Layer-2 chains, AggLayer-connected networks, and Ethereum. Together, the parties have invested $160 million in Total […]
Standard Chartered-Backed Zodia Custody Adds Support for Deribit
Institutional clients can now access market derivatives liquidity through cryptocurrency exchange Deribit and custodian Zodia Custody while maintaining separate cold wallets. In an effort to increase the number of companies who are a part of its Interchange network, Standard Chartered-backed cryptocurrency custody firm Zodia Custody has announced a collaboration deal with cryptocurrency exchange Deribit. Zodia […]
AIOZ Network Halts Rally as Cryptocurrencies Mirror Bitcoin Dip
AIOZ Network, a decentralized cryptocurrency platform, has experienced a slowdown in its rising trajectory due to general losses in the cryptocurrency market. On July 29, the AIOZ Network token reached its highest price of $0.67. However, it later lost part of its gains when the altcoin market declined in tandem with Bitcoin. AIOZ was barely […]
EigenLayer Announces AVS Rewards
A rewards program for stakers and operators protecting Actively Validated Services has been announced by EigenLayer Foundation. As stated in a blog post, the Ethereum restaking protocol will implement a new incentive scheme that grants 4% of the total supply of EigenLayer (EIGEN). EigenLayer facilitates the connection between various restaking protocols, while stakers and operators […]