$35M Saved: Circle's CCTP Almost Got Hacked!
Last Week In The Multi-Chain Ecosystem (26 Aug - 01 Sept '24)
Welcome to LI.FI’s Cross Chain Insider newsletter, a weekly curation of the major updates and announcements from the industry’s leading cross-chain protocols and blockchain ecosystems.
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Bridge Updates
1) assymetric research discloses critical vulnerability in Circle’s Noble CCTP.
2) Introducing the BNB Chain Bridge.
3) Chainflip introduces Boost — fast onchain BTC swaps.
4) Sphere Finance, Pistachio Fi, REALGOAT, integrate LI.FI.
5) Renzo’s REZ token expands to Solana with the NTT framework.
6) Router integrates with Osmosis.
Multi-Chain Ecosystem Updates
1) Robinhood wallet adds Solana.
2) OP Chains can now deploy Bridged USDC Standard using canonical OP Stack bridge.
3) Abstract Global Wallet — use apps without installing an extension (sign in with socials).
4) MakerDAO rebrands to Sky.
5) EigenLayer introduces Permissionless Token Support — any token restaking.
Intents & Chain Abstraction
1) OneBalance raises $5M angel and community round.
2) Read: Chain Abstraction: Fixing Crypto UX and the AWS Moment for Blockchains
3) Pod: Why SolverFi Is The Next Big Trend In Crypto
Interesting Reads
1) The Billion Dollar Decision Every Builder Faces
3) Pod: Stargate V2, Hydra, Intents & Football ft. @0xLamps
4) Pod: Why is ETH down so bad?
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