30s Summary

Blockchain-based Cytonic raised $8.3m in a seed round co-led by Lemniscap and Lattice to improve on-chain interactions across different blockchains. The Algorand blockchain is set to launch a staking rewards program that offers real-time payouts starting in December. Solv Protocol, a Bitcoin staking platform, announced a new classification system for its SolvBTC reserve’s assets, aimed at boosting stability and risk management.

Full Article

Hey there, the blockchain-based Cytonic, designed to welcome all tech used in Web3, just scored a cool $8.3 million in its seed round. Co-led by Lemniscap and Lattice, this financial boost allows Cytonic to continue its mission to make on-chain interactions easier and faster no matter the blockchain involved.

In other exciting news, the Algorand blockchain is gearing up to launch what they’re claiming to be “crypto’s most inclusive staking rewards program.” This plan, which goes live this December, will payout block rewards in real-time to validators who successfully propose blocks to their blockchain.

The team behind Solv Protocol, a Bitcoin staking platform, announced a classification system for the underlying assets of its SolvBTC reserve. The assets will now be divided into Core Reserve (native BTC, Binance-backed BTCB) and Innovative Reserve (wrapped assets like WBTC, cbBTC). This move boosts stability and risk management.

Remember to stay tuned for more updates in the crypto world!