Eigen Labs CEO Sreeram Kannan told Cointelegraph that Eigenlayer’s upgrade allows decentralized services to have both Ethereum-grade security and scalability. Eigenlayer took a step toward scaling decentralized infrastructure by rolling out a multichain verification feature that allows decentralized services to run on layer-2 networks while retaining Ethereum-grade security. On Thursday, Eigenlayer introduced a protocol feature that lets Actively Validated Services (AVS) run on layer 2s, in addition to the Ethereum network. Eigen Labs launched the new feature on the Sepolia Testnet on the Base network. Eigen Labs founder and CEO Sreeram Kannan told Cointelegraph the update marked a “critical milestone” in the company’s roadmap. He said that while the feature is launching on Base Sepolia, they plan to roll it out to additional blockchains soon. Read more
Although Bitcoin ETPs saw losses against altcoin funds last week, the trend probably implied the anticipation of ETFs rather than a broad altcoin season, CoinShares’ head of research said. Cryptocurrency investment products ended last week in the green, marking 15 consecutive weeks of inflows, even as Bitcoin funds saw minor outflows. Global crypto exchange-traded products (ETPs) recorded $1.9 billion of inflows during the trading week ending Friday, according to a Monday report from European crypto asset manager CoinShares. The latest inflows came despite heightened market volatility as Bitcoin (BTC) tumbled to as low as $115,000 by the end of the week, while Ether (ETH) briefly dropped below $3,600 on Thursday, according to CoinGecko. Read more