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Optimism (OP)

Farcaster Secures $150M in Funding, Reaches $1B Valuation With Backing From Paradigm

Farcaster Secures 0M in Funding, Reaches B Valuation With Backing From ParadigmFarcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation to $1 billion. The funds will be used to sustain the project’s development, focusing on growing its user base and enhancing developer tools, after the […]

SEC Closes Gemini Probe After 699 Days; Winklevoss Seeks Reimbursement

Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers

Defi Protocol Sonne Finance Reports Major Security Breach,  Million Lost to HackersSonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne Finance suspended its Optimism Market and assured that […]

SEC Closes Gemini Probe After 699 Days; Winklevoss Seeks Reimbursement

Optimism Stack Update: OP to Support Layer Three With Funding, Features, and Revenue Sharing

Optimism Stack Update: OP to Support Layer Three With Funding, Features, and Revenue SharingEthereum scaling solution provider Optimism announced plans to enhance blockchain throughput by integrating Layer three applications on top of its OP Stack, aiming to foster a Superchain network where Layer threes can build and share revenue with the Optimism Collective. The OP Stack, an open standard codebase, extends its utility beyond Layer two deployers to […]

SEC Closes Gemini Probe After 699 Days; Winklevoss Seeks Reimbursement

Optimism Foundation Executes $89 Million OP Private Token Transaction

Optimism Foundation Executes  Million OP Private Token TransactionThe Optimism Foundation recently sold approximately 19.5 million OP tokens, valued at nearly $90 million, to an unnamed buyer, with these tokens being sourced from the unallocated segment of their OP Token treasury initially set aside as working capital. This sale is part of the foundation’s management of the Optimism network, a blockchain designed to […]

SEC Closes Gemini Probe After 699 Days; Winklevoss Seeks Reimbursement