Movement Labs Launches Developer Mainnet to Enhance Ethereum Integration
Key updates in cryptocurrency tech development include:
- Movement Labs Launches Devnet: Movement Labs has deployed a developer mainnet to integrate Facebook's Move Virtual Machine with Ethereum. This launch allows selected partners to implement decentralized finance (DeFi) protocols and precedes a public mainnet beta release next month.
- Cardano's Hard Fork: Cardano will transition to decentralized governance on January 29 following the Plomin hard fork. ADA holders will gain voting power on key blockchain parameters. Nearly 80% of nodes have upgraded for this change.
- SSV DAO Unveils SSV 2.0: The SSV DAO introduced “SSV 2.0,” a framework that enables applications to utilize based technology leveraging Ethereum validators, improving interoperability and security across the network.
- Musk Advocates Blockchain for Government Efficiency: Elon Musk proposed using blockchain technology to track federal spending and manage data within the new Department for Government Efficiency, aiming to significantly reduce governmental waste.
Additional Highlights:
- Ripple's CEO discussed the concept of a national crypto reserve representing multiple tokens.
- AI tokens dropped in value following the launch of China's ChatGPT alternative, DeepSeek.
- The Electronic Frontier Foundation called for the dismissal of the Tornado Cash case against U.S. government actions.
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