TL;DR Breakdown Avalanche’s HyperSDK testnet reaches an impressive 143,322 transactions per second, surpassing major blockchain players like Ethereum and Solana. The HyperSDK framework simplifies and accelerates custom VM development, with blockchains functioning as versatile subnets called HyperChains. Description The blockchain world is exciting as Avalanche’s HyperSDK blockchain upgrade achieves a staggering 143,322 transactions per second (TPS) on its testnet. This breakthrough is a testament to the relentless pursuit of innovation by Ava Labs, the team behind Avalanche. The HyperSDK upgrade promises to revolutionize how developers approach blockchain development, offering a high-throughput framework that … Read more The blockchain world is exciting as Avalanche’s HyperSDK blockchain upgrade achieves a staggering 143,322 transactions per second (TPS) on its testnet. This breakthrough is a testament to the relentless pursuit of innovation by Ava Labs, the team behind Avalanche. The HyperSDK upgrade promises to revolutionize how developers approach blockchain development, offering a high-throughput framework that paves the way for creating custom virtual machines (VMs). Contents hide 1 Setting new benchmarks in transaction speeds 2 HyperSDK: Simplifying and accelerating blockchain development 3 The future of…

TL;DR Breakdown FTX, a bankrupt cryptocurrency exchange, has sued LayerZero Labs to recover $21 million, alleging illicit withdrawals made just before FTX’s bankruptcy. The lawsuit also involves transactions with Alameda Ventures and focuses on a deal allowing Alameda Research to sell back a 5% stake in LayerZero. Bryan Pellegrino, CEO of LayerZero Labs, refutes the lawsuit’s claims, stating they are unsubstantiated. He suggests that FTX is prolonging the legal process to accumulate more legal fees. LayerZero had been trying to address share ownership issues with FTX’s liquidators for nearly a year. The lawsuit is part of a series of legal actions by FTX to recover lost funds. It follows a previous lawsuit by FTX to recover more than $320 million spent on acquiring Digital Assets AG. Both FTX and LayerZero are preparing for a protracted legal battle. Description Bankrupt cryptocurrency exchange FTX has filed a lawsuit against LayerZero Labs, a cross-chain protocol company, seeking to recover $21 million. The lawsuit alleges that LayerZero Labs illegally withdrew these funds just before FTX’s bankruptcy declaration in November. The case stems from transactions…

TL;DR Breakdown China’s central bank, the People’s Bank of China (PBOC), intervened to prevent further depreciation of the yuan. The People’s Bank of China (PBOC) set a daily fixing rate stronger than expected at 7.2148 yuan per dollar. China has been said to possess the policy space to address its economic slowdown. Description On Monday, China’s central bank, the People’s Bank of China (PBOC), intervened to pull the yuan away from its 16-year low against the dollar. The PBOC established a daily midpoint guidance rate, which dictates the yuan trade range. The new rate was set at 7.2148 yuan per dollar, indicating a stronger bias than the previous … Read more On Monday, China’s central bank, the People’s Bank of China (PBOC), intervened to pull the yuan away from its 16-year low against the dollar. The PBOC established a daily midpoint guidance rate, which dictates the yuan trade range. The new rate was set at 7.2148 yuan per dollar, indicating a stronger bias than the previous fix of 7.2150. This move signifies the PBOC’s growing unease with the recent currency…

TL;DR Breakdown Reports suggesting Coinbase’s discontinuation of services in India were misleading; the company remains committed to its Indian users. Coinbase had targeted specific users violating updated standards, not the entire Indian user base, and continues to explore ways to strengthen its presence in India. Description In the rapidly evolving world of cryptocurrency, misinformation can spread quickly, leading to panic and confusion among stakeholders. Recently, reports suggested that Coinbase, one of the world’s premier cryptocurrency exchanges, was on the brink of shutting down its operations in India. These reports sent shockwaves throughout the Indian crypto community, prompting urgent clarifications from Coinbase.  … Read more In the rapidly evolving world of cryptocurrency, misinformation can spread quickly, leading to panic and confusion among stakeholders. Recently, reports suggested that Coinbase, one of the world’s premier cryptocurrency exchanges, was on the brink of shutting down its operations in India. These reports sent shockwaves throughout the Indian crypto community, prompting urgent clarifications from Coinbase.  Contents hide 1 Misleading reports cause panic among Indian users 2 Coinbase’s commitment to the Indian market 3 A brief history…

TL;DR Breakdown Polygon Labs is preparing for a significant appearance at Asia Crypto Week, teasing major updates like discussions on zkEVM. The zkEVM technology, which offers Ethereum Virtual Machine equivalence, is set to receive its first major upgrade, emphasizing commitment to blockchain innovation. Description In the ever-evolving world of blockchain and cryptocurrency, few announcements have garnered as much anticipation as the recent hints dropped by Polygon (MATIC). The company has teased its vast community with whispers of a significant revelation that aims to redefine the landscape of Web 3.0. As the crypto community buzzes excitedly, all eyes are on … Read more In the ever-evolving world of blockchain and cryptocurrency, few announcements have garnered as much anticipation as the recent hints dropped by Polygon (MATIC). The company has teased its vast community with whispers of a significant revelation that aims to redefine the landscape of Web 3.0. As the crypto community buzzes excitedly, all eyes are on Polygon Labs, especially with their upcoming appearance at the renowned Asia Crypto Week. Contents hide 1 Polygon’s grand appearance at Asia Crypto Week…

TL;DR Breakdown Treasury Secretary Janet Yellen is increasingly confident in the US’s ability to combat inflation without significant job market repercussions. Yellen dismisses concerns about China’s efforts to boost BRICS’ influence, emphasizing that the G-20 remains the primary platform for global cooperation. Goldman Sachs economists lower the probability of a US recession from 20% to 15%, reflecting encouraging economic indicators. Description Treasury Secretary Janet Yellen expressed growing confidence in the US’s ability to curb inflation without causing significant harm to the job market. She cited data indicating a steady slowdown in inflation and an increase in job seekers. Yellen stated that she is “feeling very good about that prediction” and believes the US is on a … Read more Treasury Secretary Janet Yellen expressed growing confidence in the US’s ability to curb inflation without causing significant harm to the job market. She cited data indicating a steady slowdown in inflation and an increase in job seekers. Yellen stated that she is “feeling very good about that prediction” and believes the US is on a path that aligns with her expectations…

Description The crypto sphere has been a roller-coaster, with highs and lows often defining its trajectory. Venture capital, the perennial chaser of potential gold mines, hasn’t lost its hunger for this digital currency arena, regardless of the fluctuating fortunes of the crypto world. The Ebb and Flow of Crypto and Venture Capital If you thought venture … Read more The crypto sphere has been a roller-coaster, with highs and lows often defining its trajectory. Venture capital, the perennial chaser of potential gold mines, hasn’t lost its hunger for this digital currency arena, regardless of the fluctuating fortunes of the crypto world. The Ebb and Flow of Crypto and Venture Capital If you thought venture capital had moved past its infatuation with crypto, you might want to reconsider. This isn’t about trending TikTok dances or viral memes; it’s about significant money being poured into an industry burgeoning with potential. Remember the 2020-22 bubble? When global economies were clawing their way out of the pandemic aftermath, venture capital was right there, fueling the crypto boom with fresh money, enticed by its seemingly…

TL;DR Breakdown China opposes the US’s planned presidency of the G20 in 2026, deviating from a conventionally uncontroversial process. Chinese diplomats sought to remove mention of the US’s expected 2026 G20 presidency from official documents. Description The stage is set, and the rift between China and the US has now taken on a new dimension. We aren’t talking about their stand on global challenges such as the Russia-Ukraine crisis or climate change, but something that typically wouldn’t raise eyebrows: The 2026 G20 presidency. When it’s about China and the US, even … Read more The stage is set, and the rift between China and the US has now taken on a new dimension. We aren’t talking about their stand on global challenges such as the Russia-Ukraine crisis or climate change, but something that typically wouldn’t raise eyebrows: The 2026 G20 presidency. When it’s about China and the US, even the traditional is set to become tumultuous. Challenging a Convention China, in its characteristic assertive style, has called into question the US’s anticipated role as the host for the G20 summit…

TL;DR Breakdown The European Central Bank (ECB) is at a crossroads, considering whether to raise interest rates for the tenth time in a row. Dwindling business confidence and a decline in German industrial production signal potential economic downturn. Despite these concerns, inflation in the eurozone remains high at 5.3%, well above the ECB’s 2% target. Description The financial world stands poised, eyes locked on the European Central Bank (ECB). Speculation mounts as experts debate the ECB’s next move. Will they raise interest rates once more, or has the peak of their tightening policy been reached? As the dust from previous policy changes begins to settle, a fresh storm of uncertainty looms … Read more The financial world stands poised, eyes locked on the European Central Bank (ECB). Speculation mounts as experts debate the ECB’s next move. Will they raise interest rates once more, or has the peak of their tightening policy been reached? As the dust from previous policy changes begins to settle, a fresh storm of uncertainty looms large. A Game of Predictions and Expectations After a steady climb…

TL;DR Breakdown Apple faces challenges with China clamping down on iPhone usage among its government officials. The iPhone 15 unveiling aims to outpace Samsung in the global handset market. Description September, with its transition from the carefree warmth of summer to the daunting chill of fall, often ushers in unexpected challenges. Just as the weather turns its back on the optimism of sunnier days, the tech giant Apple finds itself facing its own set of dark clouds as we venture further into the month. An … Read more September, with its transition from the carefree warmth of summer to the daunting chill of fall, often ushers in unexpected challenges. Just as the weather turns its back on the optimism of sunnier days, the tech giant Apple finds itself facing its own set of dark clouds as we venture further into the month. An Unexpected Party-Crasher in Beijing Apple’s been polishing its image and gearing up for a significant event. With the anticipated unveiling of the iPhone 15 on Tuesday, there was a palpable energy in the air. Rumors were buzzing,…