Solana DvP Program Aims for Instant Settlements Amid Crypto Developments
Solana has released an open-source delivery-versus-payment (DvP) program, designed to settle the asset and cash legs of a trade in a single transaction. This innovation aims to reduce the typical 1-2 day clearing cycle to just seconds, ensuring faster finality. J.P. Morgan has provided guidance on the institutional requirements for this system, which is licensed under the MIT license.
Glamsterdam has launched on the Sepolia testnet, increasing the gas limit from 60 million to 200 million. A demo showcased the first atomic L1-to-L2 transaction on the mainnet, though the timing for the mainnet upgrade remains unconfirmed.
Hong Kong has confirmed its plans to formally file a major Bitcoin and crypto bill this year, signaling further regulatory developments in the region.
Investigative researcher ZachXBT revealed an undercover operation using his own funds to infiltrate an alleged laundering network linked to the Lazarus Group and the Bybit hack. He claimed the network moved over $1 billion across related incidents.
Ondo is introducing a platform for eligible investors to gain onchain economic exposure to private companies, starting with a pre-IPO AI firm. The token provides exposure to performance rather than direct share ownership.
DeLorean will now accept Litecoin for its upcoming electric vehicles, in collaboration with the Litecoin Foundation.