bridge – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 21 Aug 2025 09:47:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 bridge – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 ZK-Proofs Could Bridge Crypto Privacy and Law, a16z Experts Say https://earlybirdsinvest.com/zk-proofs-could-bridge-crypto-privacy-and-law-a16z-experts-say/ https://earlybirdsinvest.com/zk-proofs-could-bridge-crypto-privacy-and-law-a16z-experts-say/#respond Thu, 21 Aug 2025 09:47:59 +0000 https://earlybirdsinvest.com/zk-proofs-could-bridge-crypto-privacy-and-law-a16z-experts-say/

a16z crypto policy experts Aiden Slaven and David Sverdlov argue that zero-knowledge proofs (ZK-proofs) can strike a balance between privacy and regulation.

In a report published on August 19, they explained that this cryptographic method can confirm facts, such as the origin of funds, without forcing users to reveal all transaction details.

They see this as especially relevant when digital assets are exchanged for traditional money. If users present ZK-proofs at these points, banks and exchanges would gain confidence that funds are legitimate while individuals keep their on-chain activity private.

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Slaven and Sverdlov highlight that ZK-proofs could also handle everyday verifications, like confirming citizenship, without requiring sensitive documents. Instead of sharing a passport or license, a proof could confirm status while hiding unnecessary details such as address or date of birth.

Some critics worry that privacy-preserving tools are too complex or heavy for large-scale use. The two authors responded that ongoing improvements are reducing these limits. They noted that researchers and developers are making ZK-proofs faster and easier to use.

They also encourage looking beyond ZK-proofs. Homomorphic encryption, for example, allows certain data points to be processed without unlocking other information. Multiparty computation lets groups calculate results together without disclosing their own inputs. Differential privacy protects people when survey or usage data is aggregated.

Meanwhile, SoFi Technologies recently announced plans to launch a Bitcoin Lightning and UMA-powered transfer service. How does it work? Read the full story.


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Undead Blocks To Relaunch On Avalanche, $UNDEAD To Bridge https://earlybirdsinvest.com/undead-blocks-to-relaunch-on-avalanche-undead-to-bridge/ https://earlybirdsinvest.com/undead-blocks-to-relaunch-on-avalanche-undead-to-bridge/#respond Fri, 04 Jul 2025 11:05:57 +0000 https://earlybirdsinvest.com/undead-blocks-to-relaunch-on-avalanche-undead-to-bridge/

Popular web3 zombie shooter Undead Blocks is set to return from hiatus, relaunching on Avalanche thanks to a partnership with fast-rising DEX Blackhole.

The game has been largely inactive for much of the past year, but had previously been one of the most popular FPS titles on Immutable, with players able to earn a variety of NFTs and tokens through gameplay. This deal will not only kick-start the game once again, but will introduce new maps, weapons, tournaments and more.

As part of this deal, $UNDEAD – the ecosystem token of Undead Blocks – will also bridge to Avalanche. As of writing, no date has been confirmed for the relaunch of the game, or for when it will bridge to Avalanche.

Key Insights

  • Undead Blocks is set to relaunch on Avalanche, thanks to a partnership with Blackhole
  • The game first attained notoriety for becoming one of the most popular FPS games on Immutable
  • The deal will introduce new maps, weapons, tournaments and much more to Undead Blocks
  • As part of the deal, the $UNDEAD token will also bridge to the Avalanche blockchain
  • As of writing, no date has been confirmed for the relaunch of Undead Blocks, or for when it will bridge to Avalanche
Undead Blocks Avalanche - Announcement
Source: @BlackholeDex on X

What is Undead Blocks?

Undead Blocks is a multiplayer zombie survival shooter, soon to be built on Avalanche, and available on PC.

Developed by Wagyu Games, and inspired by titles such as Left 4 Dead, players work together in teams of up to 4 players to take on hordes of zombie opponents, defeating enemies, upgrading their loadouts and obtaining rewards.

On top of the $UNDEAD ecosystem token, the game featured a wide array of NFTs, including an assortment of skins that allowed players to customise their weapons, characters and more.

Undead Blocks has been largely inactive for the past year. This deal with Blackhole is set to revive the game, bridge both the game and its token to Avalanche, and introduce a variety of brand-new content.

Undead Blocks Avalanche - Gameplay Screenshot
Source: Undead Blocks

What’s next for Undead Blocks?

Few details have been shared about the next steps for Undead Blocks, such as an official date for the relaunch of Undead Blocks on Avalanche.

The game’s whitepaper has been updated with some items for the remainder of 2025. This includes:

  • Resume Gold ZBUX: earned by using particular NFTs in-game, this premium currency can be earned and traded for cryptocurrency
  • New content: brand-new characters, skins, maps, tournaments and more are expected to arrive with the game’s relaunch on Avalanche
  • Mobile release: a mobile version of Undead Blocks is expected to release in early 2026
  • Migrate NFTs: the current Undead Blocks skin collection is set to migrate away from Immutable, likely to Avalanche
  • Gameplay expansion: new mechanics, features, systems and more are set to debut in Undead Blocks after the relaunch

With new momentum behind the project, time will tell if this relaunch can bring Undead Blocks back to its prime.

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XRP Ledger Eyes Q2 EVM Rollout — Is Ripple About to Bridge to Ethereum? https://earlybirdsinvest.com/xrp-ledger-eyes-q2-evm-rollout-is-ripple-about-to-bridge-to-ethereum/ https://earlybirdsinvest.com/xrp-ledger-eyes-q2-evm-rollout-is-ripple-about-to-bridge-to-ethereum/#respond Wed, 11 Jun 2025 08:45:25 +0000 https://earlybirdsinvest.com/xrp-ledger-eyes-q2-evm-rollout-is-ripple-about-to-bridge-to-ethereum/

Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

Last updated: 


Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Key Takeaways:

  • XRP Ledger’s EVM sidechain is live on testnet, with a mainnet launch expected in Q2.
  • The sidechain brings Ethereum smart contract compatibility to XRPL using wrapped XRP as gas.
  • XRPL also expanded its stablecoin ecosystem with EURØP and USDB to strengthen regional adoption.

The XRP Ledger is preparing to roll out an Ethereum Virtual Machine (EVM) sidechain in Q2, marking a major step toward Ethereum compatibility.

The development was confirmed by Ripple CTO David Schwartz at the Apex 2025 event in Singapore, with blockchain firm Peersyst helping lead the effort.

The EVM sidechain is designed to combine the XRP Ledger’s low-cost, high-speed settlement layer with Ethereum’s robust smart contract capabilities.

XRP Ledger’s EVM Sidechain is Live on Testnet

Built using the evmOS software stack, the sidechain is currently live on testnet, with a mainnet launch expected later this quarter after further validator onboarding.

Unlike Ethereum-native blockchains, the XRP Ledger does not currently support the EVM environment that powers most decentralized applications.

The new sidechain aims to fill that gap while preserving XRP’s efficiency. A bridge will link the sidechain to the XRP Ledger mainnet, using Axelar as the sole provider for asset transfers.

Wrapped XRP will act as the gas token on the EVM sidechain, enabling smart contract execution without leaving the broader XRP ecosystem.

While the Flare Network already offers an EVM-compatible solution for XRP users, this move brings Ethereum integration directly under Ripple’s umbrella.

In May, the XRP Ledger expanded its stablecoin offerings with the launch of two new region-specific assets, including EURØP, a MiCA-compliant euro stablecoin from Schuman Financial, and USDB, a dollar-pegged token issued by Brazil’s Braza Group.

EURØP, backed by euros and safeguarded by major institutions like Societe Generale, marks the first fully MiCA-compliant euro stablecoin on XRPL.

Meanwhile, Braza Group’s USDB stablecoin, backed by U.S. and Brazilian bonds, offers Brazilian users a secure digital asset for payments and hedging.

XRP Faces Backlash as Ripple Aligns With Europe on Digital Euro Project

As reported, serial entrepreneur and investor Gary Cardone has launched a scathing attack on XRP, accusing the digital asset of aligning itself with centralized governments in a bid to stay relevant.

His remarks follow ongoing speculation that the European Central Bank (ECB) may integrate the XRP Ledger into its digital euro infrastructure.

While the ECB has not confirmed any formal partnership with Ripple or its XRP Ledger, rumors have circulated across crypto circles.

Cardone went further, likening XRP’s influence in finance to a new virus, calling it “COVID-19 Part Two in finance.”

He warned that continued support for the token amounts to voting for “European warmongers,” framing XRP’s ambitions as a threat to freedom rather than a step forward in financial innovation.

The comments drew immediate backlash from the XRP community, which labeled the remarks as inflammatory and unfounded.

Robert Doyle, known online as Crypto Sensei, countered Cardone’s statements by noting that “there is no official confirmation” that Ripple technology will be used for the digital euro.

He emphasized that, while the ECB is exploring CBDCs, no final decision has been made regarding the technology stack.


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Synapse Bridge: The Leading Cross-Chain Solution https://earlybirdsinvest.com/synapse-bridge-the-leading-cross-chain-solution/ https://earlybirdsinvest.com/synapse-bridge-the-leading-cross-chain-solution/#respond Mon, 09 Jun 2025 13:08:34 +0000 https://earlybirdsinvest.com/synapse-bridge-the-leading-cross-chain-solution/

The world of blockchain is growing at a consistent pace with innovative technologies and applications grabbing headlines now and then. Cross-chain bridges are one of the most effective technological advancements in the crypto landscape that have solved a critical problem. The Synapse Bridge crypto utility is a standout offering by Synapse and can be a frontrunner for achieving cross-chain interoperability. As the domain of blockchain focuses more on DeFi, NFTs, and web3 technologies, interoperability serves as a major influence on the growth and adoption of blockchain. Let us learn more about the Synapse Bridge and its distinctive features.

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Understanding the Fundamentals of Synapse Bridge

Synapse is one of the innovative projects aimed at capitalizing on the need for cross-chain bridges. Cross-chain bridges connect different ecosystems and allow users to experience the crypto landscape without barriers of accessibility. The most common answers for queries like “What is a Synapse bridge?” focus on its identity as a blockchain bridge. It is also important to ask about the factors that make it one of the most effective picks to solve interoperability issues.

Synapse has come up with a comprehensive cross-chain messaging system that serves as a crucial differentiator. Developers can leverage the messaging capability to create cross-chain dApps, which can make the most of the features of different blockchain protocols. The Synapse Bridge uses the innovative messaging infrastructure to ensure seamless transfer of assets throughout an ecosystem of supported networks. 

How Does the Synapse Bridge Work?

The Synapse Bridge offers a combination of bridging methods to ensure effective optimization of transactions. The cross-chain bridge also stands out for its compatibility with EVM and non-EVM blockchain protocols. As a result, it allows cross-chain transfers and swaps for a wide range of tokens. The Synapse protocol uses liquidity-based bridging, RFQ bridging, and canonical token bridging in its blockchain bridge. Each method offers a distinct advantage, thereby making Synapse Bridge one of the top cross-chain bridges that you should use.

Synapse Bridge offers canonical token bridging that enables seamless transfer of wrapped assets across networks. The liquidity-based bridging method leverages cross-chain swap pools that offer stability and efficient transfer of native tokens to different chains. On top of it, the RFQ or Request for Quote bridging feature optimizes the bridging process by identifying the ideal routes for faster and cost-effective transactions. The hybrid approach adopted by Synapse Bridge offers better functionality than other cross-chain bridges.

Enhanced Focus on Security 

One of the notable risks associated with blockchain bridges is the list of potential security vulnerabilities. Can you use the Synapse Bridge Metamask integration without any threats? Synapse has embraced a comprehensive security model to ensure the integrity of cross-chain asset transfers. The most striking highlight of the Synapse Bridge is the optimistic security model, which assumes that all transactions are valid. You might wonder about the effectiveness of a security model that allows every transaction to pass through.

Synapse brings in the next element in its security model to play, the off-chain actors and fraud proofs. Off-chain actors monitor the transactions and could submit proof of fraud within a specific timeframe to avert malicious transactions. The biggest strength of the security model of Synapse Bridge is the single honest verifier who identifies malicious behavior. 

Interestingly, the single honest participant is not the only one contributing to integrity of transactions on the Synapse Bridge. The cross-chain bridge also relies on collaboration between different roles, such as guards, notaries, executors, and broadcasters for validation of cross-chain transactions. Furthermore, Synapse also maintains commitment to security through governance, slashing mechanisms, and audits, which strengthen its security model.

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Governance Model for the Synapse Bridge

The next critical concern associated with cross-chain bridges is the risk of centralization. As a matter of fact, critics state that cross-chain bridges entrust the power in one specific platform to take care of your asset transfers. Who is in charge of making decisions about how the platform will operate? The Synapse protocol bridge also has to face such questions that challenge its transparency and decentralization. Synapse offers a promising solution to this challenge in the form of Cortex DAO, the latest updated version of its governance system.

The members of Cortex DAO who hold more than 550,000 native CX tokens become eligible to submit proposals. DAO members can exercise their vote on multiple chains with CX or use the option of delegating votes to other token owners. The native token of Synapse, SYN, can be converted into CX tokens in the conversion portal offered by the protocol. 

The components of Cortex DAO that make it an effective solution for the governance of Synapse include Forum, Discord, and Snapshot. Forum offers a useful platform for posting and discussing about proposals before passing them for a vote. The Synapse protocol leverages Discord to encourage community discussion on general matters related to the protocol. Synapse also uses Snapshot to ensure decentralized voting on governance proposals that reach the voting stage.

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Exploring the Synapse Bridge SDK 

Developers can use the Synapse Bridge SDK to integrate cross-chain token transfers in their applications. It also serves as a valuable tool for adding cross-chain liquidity transfer feature in various applications. You can use the Bridge SDK on the client side and server side for different use cases. The SDK helps in integrating a front-end application with Synapse Bridge or cross-chain arbitrage features in an application. Another use case of the Synapse Bridge SDK is the integration of Synapse JavaScript SDK with non-JavaScript applications.

The general discussions about Synapse Bridge crypto service miss one of the notable elements in the Bridge SDK. Synapse REST API is another powerful tool for developers as it facilitates integration of Synapse liquidity network in your applications. Developers can use HTTP requests to ensure dynamic integration of Synapse cross-chain liquidity and token transfers in different applications. The read-only REST API also helps in retrieving quotes and generating relevant call data for Synapse Bridge transactions.

How Does Synapse Bridge Perform Against Competitors?

Synapse Bridge has a lot of competitors who have been in this space, with some of them being pioneers of cross-chain interoperability. However, the crypto space always rewards innovation, and the same has happened in the case of Synapse. Their cross-chain bridge has an edge over other blockchain bridges with additional emphasis on security and decentralized governance. 

The Synapse Protocol Bridge has accommodated a wide range of tokens and blockchain networks under its umbrella. It features optimized bridging to ensure that you find the best path to transfer assets between networks. The primary goals of optimizing the bridging process include speed and cost efficiency. On top of it, the bridge service has been adopted in large numbers, registering significant growth in transaction volume.

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Final Thoughts 

The introduction to Synapse Bridge reveals a lot about the innovative efforts made by Synapse. It follows a hybrid approach to bridging, thereby achieving better speed and cost-effectiveness in cross-chain asset and liquidity transfers. The optimistic security model used in the Synapse Protocol provides the guarantee of secure cross-chain asset transfer and communication. The design of Synapse and recent advancements like the transition to Cortex DAO, address the risks associated with traditional cross-chain bridges. While Synapse has the potential to emerge as one of the biggest players in the crypto space, future trends and evolution of the protocol will determine its fate. Learn more about the Synapse Bridge with the help of experts right now.   

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*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!

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TRON Network Strengthens Global Payment Infrastructure as Bridge, a Stripe Company, Expands Integration https://earlybirdsinvest.com/tron-network-strengthens-global-payment-infrastructure-as-bridge-a-stripe-company-expands-integration/ https://earlybirdsinvest.com/tron-network-strengthens-global-payment-infrastructure-as-bridge-a-stripe-company-expands-integration/#respond Sat, 24 May 2025 03:57:48 +0000 https://earlybirdsinvest.com/tron-network-strengthens-global-payment-infrastructure-as-bridge-a-stripe-company-expands-integration/

Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more ›

Geneva, Switzerland, May 23, 2025 –  TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), has announced the expansion of a strategic integration from Bridge, a leading stablecoin orchestration platform and a Stripe company. This development further solidifies TRON’s role as a preferred settlement layer for stablecoins, driven by its scalability, affordability, and consistent network performance.

 The TRON network has established itself as a dominant force in the greater blockchain landscape, hosting nearly one-third of the global stablecoin supply, including over $77 billion in USDT—more than half of its total circulation. USDT on TRON has demonstrated consistent growth as demand for fast and secure digital dollar infrastructure increases globally. The network also processes a daily average of $20 billion in USDT transfers and leads in active user engagement, with over 2.5 million daily active users. 

Bridge serves hundreds of developers in emerging markets who rely on TRON to execute payments and get access to US dollars and treasuries through stablecoins. The expanded support of Bridge’s cross-border API further enhances the scale, speed, and efficiency for developers to support stablecoin transactions on TRON.

“Whether developers are scaling payment applications or fine-tuning DeFi projects, these updates unlock new possibilities,” said Sam Elfarra, Community Spokesperson for TRON DAO. “Strengthening our integration is more than just a routine improvement, we’re giving developers the flexibility to build without limits and creating pathways for innovation.”

Several infrastructure and developer-focused enhancements aimed at streamlining stablecoin payments will be introduced as part of the integration’s expansion:

  • End-to-end USDT.trx support across payment routes: Bridge now offers full interoperability for USDT.trx across all current and future payment routes, allowing developers to enable seamless cross-chain movement of stablecoins for both businesses and users.
  • Fiat on/off-ramps for USDT.trx: Developers can now integrate direct fiat conversions for USDT.trx, bridging the gap between crypto and everyday spending.
  • Memoless wallet support: Transactions on TRON no longer require memos, enabling broader wallet compatibility and simplifying the onramp experience for users.
  • Native infrastructure for deposits and withdrawals: TRON is the first blockchain supported by Bridge’s proprietary deposit and withdrawal infrastructure. This will facilitate unlimited deposit addresses and increase the overall speed, reliability, and performance on TRON. 

These feature enhancements will allow both TRON and Bridge to better serve the growing ecosystem of developers building financial applications in emerging markets. With improved wallet infrastructure, smoother cross-chain transfers, and native fiat on/off-ramps, developers can create fast and seamless payment experiences on one of the most dominant networks for stablecoins.

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by H.E. Justin Sun, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin, exceeding $77 billion. As of May 2025, the TRON blockchain has recorded over 308 million in total user accounts, more than 10 billion in total transactions, and over $23 billion in total value locked (TVL), based on TRONSCAN.

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What is Binance Bridge And How to Use It? https://earlybirdsinvest.com/what-is-binance-bridge-and-how-to-use-it/ https://earlybirdsinvest.com/what-is-binance-bridge-and-how-to-use-it/#respond Fri, 23 May 2025 10:34:59 +0000 https://earlybirdsinvest.com/what-is-binance-bridge-and-how-to-use-it/

Blockchain and cryptocurrencies created a lot of opportunities in the domain of technology, albeit with certain limitations. One of the most talked about limitations in the crypto space is the lack of interoperability. You can find multiple blockchain networks such as Solana, Ethereum, Polygon, and BNB Smart Chain in the cryptocurrency landscape. Each blockchain has unique strengths, ecosystems, and communities, thereby ensuring diversity. The primary goal of this Binance Bridge tutorial revolves around understanding one of the most effective solutions for interoperability. Binance Bridge represents a cross-chain transfer service tailored to facilitate secure and seamless asset transfer between different blockchain networks. Let us learn more about the Binance Bridge and methods to use it.

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Understanding the Challenge of Interoperability 

Blockchain showed the world that decentralized ledgers serve as an efficient solution to conduct transactions with better security. The principle of decentralization advocated by blockchain technology paved the path for creating independent networks. However, decentralization also turned blockchain networks into isolated silos that could not interact with each other. One of the biggest problems that arise from the lack of interoperability is the inability to move assets between networks.

The blockchain Binance Bridge relationship attracts the limelight as the web3 revolution gains momentum. For instance, the rising use of DeFi implies that users will need solutions to transfer assets from one blockchain to another. Lack of interoperability reduces the possibilities for capitalizing on the advantages of different blockchain networks. As a result, it can be a massive obstacle for the adoption and growth of blockchain technology.

Introduction to the Binance Bridge

The interoperability concern in blockchain technology creates complications in the user experience and prevents interaction between different dApps in various ecosystems. Blockchain bridges emerged as the effective solution and served as intermediaries for transferring assets between blockchain networks. Binance advocated for seamless cross-chain interoperability as one of the pioneers in the crypto landscape. The Binance Bridge started off as a standalone solution and has been integrated throughout the broader ecosystem of Binance.

You can find the Binance Bridge as a core feature available on the Binance exchange as well as the BNB chain ecosystem. Users can access the Binance Bridge Metamask integration, and compatibility with many other wallets enhances its utility. It provides a secure bridge that helps in converting native cryptocurrencies into wrapped or pegged versions for other blockchain networks. The strategic objective of Binance Bridge focuses on ensuring faster and cost-effective transactions, thereby allowing users to bypass the high transaction charges on big networks like Ethereum.

Let us assume that you want to transfer ETH from Ethereum to the BNB Smart Chain. You can convert ETH into wrapped ETH or WETH to transfer it to the BNB Smart Chain on the Binance exchange. WETH represents the native ETH and has the same value while being on a different network. The Binance Bridge has played a crucial role in connecting the Binance blockchain with many popular blockchain networks.

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How Does the Binance Bridge Work?

Binance Bridge has evolved as a core feature of the Binance ecosystem and offers an easy way to abstract the complexity of blockchain bridges. Whenever you use Binance Bridge Trust wallet integration or with any other wallet, you must know about its underlying mechanism. Interestingly, Binance Bridge works in the exact same way as other blockchain bridges, with the help of pegging and wrapping.

Step 1

The first step in the working mechanism of Binance Bridge starts when a user initiates the transfer. Take the same assumption of transferring ETH to BNB Chain. When you start the transfer process, you have to interact with the smart contract in the Binance interface. 

Step 2

The next step involves sending the native asset i.e. ETH to a specific smart contract address on Ethereum blockchain. The contract will lock up the assets to remove them from circulation on Ethereum. 

Step 3

When the bridge confirms that you have locked assets on Ethereum, it will create the equivalent amount of wrapped ETH tokens on BNB Chain. The wrapped asset is pegged against ETH at a 1:1 ratio and you can use them in the Binance ecosystem.

Another important aspect in the working of Binance Bridge is the reverse process that involves burning the wrapped tokens and releasing the locked tokens. Binance Bridge manages the smart contracts alongside the locking and burning process on compatible networks. The security and reliability of Binance Bridge service makes it a trusted solution for cross-chain interoperability. 

As of now, the Binance Bridge supports many popular cryptocurrencies and blockchain networks like Bitcoin, Ethereum, Polygon, TRON, and Avalanche. Furthermore, the integration roadmap of Binance suggests possibilities of extending the range of compatible assets. Users should always check the list of supported networks in the Binance Bridge before initiating a cross-chain transfer.

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Identifying the Reasons to Adopt Binance Bridge

The Binance Bridge or cross-chain service offers many compelling reasons to use it, beyond addressing the interoperability problem. Anyone seeking answers to queries like “How to use Binance step by step?” must know that Binance is the first blockchain network to introduce cross-chain service as core functionality. You should consider adopting Binance Bridge to capitalize on various advantages, such as lower transaction fees on specific networks. The bridge will also allow you to make the most of diverse opportunities in the DeFi landscape.

One of the significant advantages of Binance Bridge is the flexibility to explore different types of decentralized apps. You can interact with dApps that require native assets of corresponding blockchain network, which makes interactions with dApps economically feasible. On top of it, the Binance cross-chain transfer service also provides an efficient resource to tap into arbitrage opportunities. Users can also bring all their crypto holdings from multiple chains to one specific network with the Binance cross-chain solution.   

Guide to Use Binance Bridge

The most useful thing about the Binance Bridge is the way it abstracts the complexity that comes with blockchain bridges. You can use any Binance Bridge tutorial to understand that it starts with logging into the Binance account. Once you have logged in, you can search for sections dedicated to transferring and withdrawing assets under the sections “cross-chain transfer” or “bridge”.

The next step involves selecting the crypto asset that you want to transfer to another network. Upon starting the transfer or withdrawal, you must choose the blockchain network on which you have the assets. You should also choose the target blockchain where you want to send the crypto assets. 

After choosing the networks, you have to specify the wallet address on the target blockchain where you want to send bridged assets. Make sure that you have entered the correct address as blockchain transactions are irreversible, and wrong addresses can lead to permanent loss of funds.       

Specify the amount of crypto assets that you want to transfer and check the transaction fees as well as estimate time of completion. If you find that all the details are correct and you can pay the fees, then confirm the transaction. You may need two-factor authentication to confirm the transfer with security verification.

Potential Risks of Binance Bridge

While the advantages of Binance Bridge draw all the attention, users should also focus on the risks. The blockchain Binance Bridge service might have the security infrastructure of Binance exchange. However, it also presents a wide range of risks such as potential smart contract vulnerabilities. Cross-chain bridges like the one on Binance work through smart contracts, and attackers could exploit bugs or vulnerabilities in them.

Some critics also point out the threat of centralization by relying on Binance for cross-chain asset transfer. The possibility of centralization exposes users to excessive dependence on operational integrity and security patches of Binance. Speaking of operational integrity, Binance Bridge also presents certain operational risks like technical glitches and maintenance downtime.  

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Final Thoughts 

The introduction to Binance Bridge reveals a new side of the cross-chain transfer service of Binance. Rather than working as a standalone product, the Binance Bridge is now a core service in the Binance ecosystem. You can access the Binance Bridge Metamask extension on the Binance exchange or the BNB Chain. One of the most crucial highlights of Binance Bridge is the assurance of a simpler interface and workflow to transfer assets between blockchain networks. Once you understand its capabilities and the steps to use it, the Binance Bridge can be your companion in navigating the crypto landscape. Learn more about blockchain bridges and find out how they are essential for long-term growth of blockchain technology.

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*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!

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Israel arrests new suspect behind Nomad Bridge $190M crypto hack https://earlybirdsinvest.com/israel-arrests-new-suspect-behind-nomad-bridge-190m-crypto-hack/ https://earlybirdsinvest.com/israel-arrests-new-suspect-behind-nomad-bridge-190m-crypto-hack/#respond Mon, 19 May 2025 13:39:24 +0000 https://earlybirdsinvest.com/israel-arrests-new-suspect-behind-nomad-bridge-190m-crypto-hack/

Israel arrests new suspect behind Nomad Bridge $190M crypto hack

An American-Israeli national named Alexander Gurevich has been arrested in Israel for his alleged involvement in exploiting the Nomad bridge smart-contract in August 2022 that allowed hackers to siphon $190 million.

Blockchain intelligence platform TRM Labs supplied key information to international law enforcement authorities, leading to the identification of Gorevich, who is believed to have played a central role in what is one of the largest hacks in DeFi history.

“The suspect, American-Israeli dual national Alexander Gurevich, was arrested in Jerusalem by Israeli police working in coordination with the DOJ, the FBI, and Interpol,” explained TRM Labs.

According to the blockchain intelligence firm, Gurevich will soon be extradited to the United States as the legal procedures have already been approved.

Gurevich’s links to Nomad Bridge hack

The Nomad bridge is a cross-chain communication standard that allows users to transfer assets between different blockchains.

On August 1, 2022, attackers exploited a critical vulnerability introduced in an update to its Replica smart contract, specifically in the ‘process() function.’

Though the contract was supposed to verify message proofs before releasing funds, a misconfiguration allowed any message with a correct root hash to be accepted, even if the underlying proof was invalid.

Once a single attacker figured out the flaw, the exploit method was quickly picked up by hundreds of other wallets, as it consisted in simply copy-pasting a specific transaction format.

This “mob-style” attack led to a chaotic and decentralized looting of the bridge, draining over $190 million in ETH, USDC, WBTC, and ERC-20 tokens.

Overview of the exploit process
Overview of the attack at Nomad Bridge
Source: TRM Labs

TRM Labs comments that the vulnerability was very easy to leverage, so even people with no hacking skills or deep blockchain knowledge joined in the exploitation. However, experienced North Korean actors were also implicated.

Alexander Gurevich is not believed to have written or initiated the exploit code itself, but TRM Labs says he “played a central role,” and evidence suggests he conspired with others to launder large amounts of funds stolen during the exploit.

Wallets linked to Gurevich received stolen assets within hours of the bridge being drained, suggesting close coordination with early attackers.

TMR Labs’ data shows that Gurevich used ‘chain-hopping’ to move the stolen tokens across various blockchains, the Tornado Cash mixer to obfuscate the origin of the funds, and swapped ETH into the privacy-boosting Monero (XMR) and Dash.

Morrell's laundering process
Gurevich’s money laundering process
Source: TRM Labs

To cash out the proceeds, he used non-custodial exchanges, OTC brokers, and offshore bank accounts tied to fake or opaque legal entities, and also converted some crypto to fiat through providers with no KYC standards.

Despite all the obfuscation efforts and the time that has passed since these events, blockchain transaction analysis still yielded enough clues to uncover Gurevich’s identity, resulting in his arrest.

Gurevich’s arrest follows that of another suspected hacker, a Russian-Israeli citizen named Alexander Gurevich, who was caught on May 1st at the Ben Gurion airport in Tel Aviv using documents under a new name, Alexander Block, he had officially changed.

According to prosecutors, Gurevich exploited the Nomad bridge flaw and withdrew about $2.89 million in digital tokens. This was followed by others finding the issue and leveraging it to siphon assets.

Jerusalem Post reports that on August 4, 2022, Gurevich contacted Nomad’s Chief Technology Officer and admitted he had been probing Nomad for weaknesses, apologizing for the trouble and later demanding a $500,000 reward for identifying the vulnerability.

Update 5/17 – Article updated to replace Osei Morrell with Alexander Gurevich, following a corresponding correction at the source report by TRM Labs.

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Bitcoin Rollup Citrea Deploys Bridge to Tackle Collateral Bottleneck of Using BTC in DeFi https://earlybirdsinvest.com/bitcoin-rollup-citrea-deploys-bridge-to-tackle-collateral-bottleneck-of-using-btc-in-defi/ https://earlybirdsinvest.com/bitcoin-rollup-citrea-deploys-bridge-to-tackle-collateral-bottleneck-of-using-btc-in-defi/#respond Wed, 23 Apr 2025 17:29:16 +0000 https://earlybirdsinvest.com/bitcoin-rollup-citrea-deploys-bridge-to-tackle-collateral-bottleneck-of-using-btc-in-defi/

A project aiming to expand Bitcoin’s utility is tackling the collateral requirements of bridging the blockchain to programmable layer 2s.

Rollup project Citrea deployed its Clementine Bridge on the Bitcoin testnet. The bridge uses the BitVM2 programming language to expand the provision for decentralized finance (DeFi) on Bitcoin, by using it to verify layer 2s and sidechains that are fully programable in the way Bitcoin isn’t.

“A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment,” Citrea said on Monday.

Clementine is designed to solve this by providing a trust-minimized way to bridge bitcoin (BTC) for use in DeFi environments.

The BitVM family of computing paradigms, which could allow Ethereum-style smart contracts on Bitcoin, often lies at the heart of attempts by developers to make the network more programmable and thus allow BTC to power DeFi activities.

However, BitVM is hampered by the requirement to deposit BTC as a security mechanism each time a computation is initiated.

“We reuse the operator’s collateral, allowing them to facilitate multiple peg-outs with a single collateral,” Citrea co-creator Ekrem Bal told CoinDesk in a Telegram message.

Peg-outs refer to the process of moving assets from a sidechain back to Bitcoin, triggering the release of the locked BTC collateral on the main chain.

Citrea deployed Clementine on the original BitVM design last September. Citrea’s latest bridge uses BitVM2, an upgrade that boasts improvements such as allowing any participant to challenge suspicious transactions, not just a fixed set of operators.

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Whale.io to Bridge NFT Collection from TON Blockchain to Solana https://earlybirdsinvest.com/whale-io-to-bridge-nft-collection-from-ton-blockchain-to-solana/ https://earlybirdsinvest.com/whale-io-to-bridge-nft-collection-from-ton-blockchain-to-solana/#respond Tue, 25 Mar 2025 11:20:59 +0000 https://earlybirdsinvest.com/whale-io-to-bridge-nft-collection-from-ton-blockchain-to-solana/

March 25th, 2025 – Willemstad, Curacao


Whale.io has announced plans to migrate its Whale NFT collection from the TON blockchain to the Solana blockchain.

The cross-chain transition aims to expand the project’s interoperability and accessibility by leveraging Solana’s infrastructure. This move represents a strategic shift in blockchain alignment for one of the more prominent NFT collections launched in recent years.

Initial Launch on TON Blockchain

The Whale NFT collection was initially launched on the TON blockchain, where all 20,000 NFTs were minted at no cost within hours of release. The rapid minting reflected strong early engagement from the community. Over the following year, the collection became one of the most visible projects on Getgems, TON’s leading NFT marketplace. According to platform data, the floor price increased approximately sevenfold during this period.

Hosted on Getgems.io (collection available here), Whale NFTs quickly became a cultural phenomenon within the TON ecosystem. With eye-catching designs and varying rarities, Whale.io’s collectibles became popular display pictures across Telegram, where the team has continued to deliver value, innovation, and utility to keep the project thriving.

Buybacks, Supply Reductions, and Fee-Free Trading

The Whale team has implemented several mechanisms to manage supply and maintain engagement with the collection, including token buybacks and supply reductions via burns. These practices have been part of the project’s ongoing strategy on the TON blockchain, and the team has indicated that similar measures will be introduced following the migration to Solana.

In addition, Whale NFTs have been available for trading with zero gas fees on supported platforms, a feature that has contributed to repeated appearances on trending lists within Getgems, TON’s leading NFT marketplace. With the upcoming transition to Solana—known for its high throughput and low transaction costs—the collection is expected to remain active across major NFT marketplaces within the Solana ecosystem.

Utility That Packs a Punch

Whale NFTs aren’t just pretty pictures—they’re powerhouses of utility, deeply integrated into the Whale ecosystem. At the heart of this is the Wheel of Whales miniapp on Telegram, a play-to-earn sensation that’s taking the crypto gaming world by storm. This innovative game offers players the exclusive chance to participate in the distribution of Whale tokens, making it a golden opportunity for anyone looking to dive into the project’s rewards system.

Owning a Whale NFT isn’t just a flex—it’s a ticket to amplified benefits within Wheel of Whales. Holders enjoy boosted earnings and a suite of in-game perks, giving them a significant edge in this addictive play-to-earn game. With rarities ranging from common to ultra-rare, each NFT brings its own unique flair and value to the game, making every Whale a prized possession. Highest rarity Golden NFT prices go up to 2000 TON that equals over 7000 USDT.

Bridging to Solana: A New Frontier

Whale.io has announced its intention to bridge its NFT collection to the Solana blockchain, recognized for its scalability and active NFT ecosystem. The transition is designed to expand the project’s reach by integrating with Solana’s infrastructure and user base. According to the team, this cross-chain move reflects a broader strategy to enhance accessibility and engagement across multiple blockchain environments.

The bridge from TON to Solana represents an effort to connect two blockchain ecosystems, enabling broader accessibility for the Whale NFT collection. Whale.io will bring its established framework—which has included gas-free trading, supply reduction mechanisms, and various utility features—into the Solana environment. With Solana’s low transaction costs and high-speed processing, the transition is intended to streamline the user experience and support increased activity across NFT marketplaces.

Bridge Signals Strategic Expansion Across NFT and Gaming Ecosystems

The Whale NFT bridge is a landmark moment for the broader NFT and blockchain gaming industries. It showcases how projects can evolve, adapt, and thrive across ecosystems while delivering consistent value to their communities. For Whale holders, this is a chance to ride the tide of a project that’s already proven its worth and is now gearing up for an even bigger splash. For newcomers, it’s an invitation to dive into a collection that’s equal parts art, investment, and entertainment.

Preparing for the Solana Bridge

With the upcoming bridge to Solana, Whale.io is transitioning its NFT collection into a new blockchain environment. The project has encouraged community members, NFT collectors, and Telegram gaming participants to follow official channels for updates regarding the bridging timeline, marketplace listings, and upcoming developments within the Wheel of Whales ecosystem. Additional information about the bridging process is available at whale.io/thedailyfinn/nftbridging. Following its presence on the TON blockchain, the collection will now be accessible within Solana’s NFT ecosystem.

About Whale.io

Whale.io is a pioneering force in the NFT and blockchain gaming space, delivering innovative projects that blend art, utility, and community value. With the Whale NFT collection and Wheel of Whales miniapp, Whale.io is redefining what it means to own, trade, and play in the decentralized world.

Users can discover the future of Whale.io and WHALE token by checking them out here:

Website: https://whale.io/

Socials: https://linktr.ee/whalesocials_tg

Contact

Whale Spokesperson
Whale.io
support@whale.io

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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Starknet Aims to Bridge Bitcoin and Ethereum for Faster Transactions https://earlybirdsinvest.com/starknet-aims-to-bridge-bitcoin-and-ethereum-for-faster-transactions/ https://earlybirdsinvest.com/starknet-aims-to-bridge-bitcoin-and-ethereum-for-faster-transactions/#respond Wed, 12 Mar 2025 22:23:53 +0000 https://earlybirdsinvest.com/starknet-aims-to-bridge-bitcoin-and-ethereum-for-faster-transactions/

Starknet, an Ethereum
ETH


$1,897.30

-based Layer-2 network, is working toward a system where Bitcoin
BTC


$83,198.19

and Ethereum operate more seamlessly together
.

The Starknet Foundation shared its roadmap on March 11, outlining plans to make Starknet a key processing layer for Bitcoin. The goal is to increase Bitcoin’s transaction speed from 13 per second to thousands while lowering fees and improving efficiency.

The foundation pointed out that most Bitcoin is currently held in wallets or exchanges without much activity. While Bitcoin is often seen as a “digital gold” investment, the foundation believes there is growing interest in using it for more practical applications.

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If successful, this development could bring smart contracts to Bitcoin, allowing for features like lending, staking, and decentralized trading.

Ethereum co-founder Vitalik Buterin weighed in on Starknet’s vision. During a discussion on March 11, he noted that a secure Bitcoin layer 2 could “make crypto payments great again” and improve cross-chain transactions.

Buterin also stated, “If you go back to the white paper, Bitcoin was meant to be a peer-to-peer electronic cash system, and obviously, Layer-1 is not nearly scalable enough for that”.

Starknet is teaming up with Xverse, a Bitcoin Web3 wallet provider, with implementation expected by the second quarter of 2025.

Xverse CEO Ken Liao called this integration Bitcoin’s “DeFi take-off moment”. He stated that wallets should be more than storage tools and should give users access to Bitcoin’s expanding capabilities.

Meanwhile, over 50% of Ethereum’s validators recently supported raising the gas limit. Why? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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