📣 This Week's Crypto Update: What are the events to watch?

The main events of the last few days in the cryptocurrency space have been compiled for you:

1️⃣ ConsenSys creates Linea Association to drive zkEVM decentralization

ConsenSys has announced the formation of the Linea Association, a non-profit organization based in Switzerland, to promote the development of zkEVM Rollup technology.

A key step is the launch of the Linea token in the first quarter of 2025, where token holders will be able to participate in project governance.

2️⃣ Top 15 blockchain cross-chain bridges with the most inflows

Base, Solana, and Sui have led the rankings in net inflows through cross-chain bridges over the past week. Polygon, Ethereum, and Blast saw the biggest outflows.

The main transfer of funds occurred between Ethereum and Base, which was related to the redistribution of funds after the anticipation of the market boom.

3️⃣ Starknet launches STRK staking on mainnet

STRK token staking will begin on November 26. Participants can become validators (with a minimum staking requirement of 20,000 STRK) or choose an existing validator to become a delegator.

The process has been fully tested on the Sepolia network, with a 21-day lock-up period to unlock the staking.

4️⃣ Movement has announced that it will be on mainnet soon

According to Movement Labs, the testnet Porto has attracted more than 5.8 million accounts and more than 94 million transactions. After closing a $38 million funding round, the project is preparing to go live on the mainnet.

5️⃣ XION launches presale on top platform

XION, the first walletless Layer 1 blockchain, has launched pre-sales on exchanges such as Bybit, Kucoin, and more.

The project, which is supported by Circle and Animoca, aims to make blockchain more accessible to the masses through chain abstraction.

6️⃣ ZERO Network: Zero transaction fees for Zerion users

Launched by Zerion, ZERO Network offers free trading, minting, and swapping services to its wallet users. The technology combines smart accounts and relayers to simplify the user experience.

7️⃣ Lisk announced an airdrop of 15 million tokens

With its launch on Ethereum Layer 2, the Lisk platform will allow users to complete tasks to participate in LSK token distribution. The first phase of the campaign will begin on November 21 and will last for four months.

to complete tasks to participate in LSK token distribution. The first phase of the campaign will begin on November 21 and will last for four months.

8️⃣ Binance launches Usual (USUAL)'s Launchpool program

From November 15, users can earn Usual tokens by staking BNB and FDUSD. The initial offering of the token is scheduled for November 19, and the project has attracted $8.5 million in investment.

9️⃣ Giggle Academy invites AI engineers to join

Giggle Academy, an educational platform, has launched an alpha version that includes a storytelling tool. Also included in the program are story creation competitions and the development of new tools for long-term video generation.

1️0️⃣ ⃣ DEXX investigates token thefts

The DEXX platform found $16.79 million worth of assets stolen. The main reason is due to the fact that the leakage of private keys is related to improper security management. Users are advised to inspect and transfer assets immediately.

➡️ Summary.

Over the past week, we have witnessed positive developments in the technology and infrastructure sectors, as well as security-related challenges:

🟡 Decentralization trend: Projects such as Linea and Starknet are implementing new governance and staking methods.

🟡 Enhancements in cross-chain interactions: The increased popularity of cross-chain bridges like Base and Solana indicates that the ecosystem is moving towards greater connectivity, despite the outflow of funds from Polygon.

🟡 Lower barriers to user entry: Projects like XION and ZERO Network simplify access to the blockchain with walletless and free transactions.

🟡 Security remains a major challenge: The $16.79 million loss on DEXX highlights the vulnerabilities that exist in even advanced platforms.

Looking ahead, we see greater potential for user engagement and global adoption of blockchain technology.