NEAR Protocol

The Near Foundation, the organization behind the Near protocol, has announced that it will be laying off approximately 40% of its staff in a move to consolidate and focus its efforts.

Near Foundation Downsizes in Bid to Boost Efficiency

The cuts will come from its marketing, business development and community teams, according to Near Foundation CEO Illia Polosukhin.

Near Foundation to cut staff by 40%, says treasury ‘remains strong'

A closely followed crypto strategist thinks that one Ethereum (ETH) rival that's flying under the radar will see a big spike in market capitalization. Pseudonymous analyst The Crypto Dog tells his 750,500 followers on the social media platform X that the smart contract platform Near (NEAR) is currently trading below its fair value.

Analyst Says This ‘Incredibly Undervalued' Ethereum Rival Is a Contender for Top 10 Largest Crypto Assets List

Bitcoin

Solana

Crypto analytics firm Santiment is warning about Solana (SOL) and two other altcoins based on one key metric. The firm says that the discussions of Solana on social media platforms are soaring, which often signals a market top.

‘Take a Cautious Approach' – Santiment Issues Warning on Solana, NEAR Protocol and One Bitcoin Ecosystem Altcoin

Polygon

Near Foundation and Polygon Labs recently announced that they would build “a zero-knowledge (ZK) prover for WASM blockchains.” For WASM chains using the zkWASM prover, settling transactions will be more efficient and cost-effective with maximum security guarantees.

Near Foundation and Polygon Labs Partner to Build Zero-Knowledge ‘Prover' for WASM Chains

Ethereum

The collaboration makes cheaper and quicker Ethereum rollup transactions while reducing liquidity fragmentation between Layer 2s.

Near Foundation partners with Eigen Labs for more efficient Ethereum rollup transactions

Wintermute threatened legal action against NEAR Foundation after it refused to redeem the USN tokens connected to Alameda Research.

Wintermute vs. NEAR Foundation: A feud is brewing around the failed USN stablecoin

Near Foundation announced a new data availability layer called Near DA and collaboration with Polygon Labs.

Near Foundation launches two new tools to help web3 builders

The project's new "NEAR DA" aims to provide an alternate venue that could handle data produced by Ethereum's fast-growing network or auxiliary blockchains or "layer-2 networks."

Near Foundation Joins Celestia in Race to Provide 'Data Availability' for Ethereum Rollups

The aim of the tie-up is to allow for greater interoperability across chains.

Near Foundation and Polygon Labs Collaborate to Build ZK Solution

Wintermute, a cryptocurrency market maker, has accused the NEAR Foundation and Aurora of breaching an agreement to convert $11 million in USN stablecoins.

Wintermute Accuses NEAR Foundation of Failing to Honor $11 Million Stablecoin Redemption Commitment

The Near Foundation announced a partnership with Nym Technologies, a privacy layer-0 infrastructure startup.

Near Token Rallies Amid Nym Partnership, Ahead of Nearcon Conference

Nym Technologies has partnered with the NEAR Foundation to bring privacy and encryption advancements to the NEAR ecosystem.

Nym to bring mixnet privacy to NEAR blockchain ecosystem

A new report from Binance Research claims that one Ethereum (ETH) competitor ignored the greater crypto market trend and witnessed a surge in activity in the third quarter of this year.

One Ethereum Rival Gained Steam in Q3 2023, According to Binance Research

General Counsel Chris Donovan will assume her role at the organization behind the NEAR protocol.

NEAR Foundation's Marieke Flament Steps Down as CEO

The second-largest stablecoin by market cap, USD Coin (USDC), is now available natively on the Ethereum (ETH) competitor NEAR Protocol (NEAR). In addition to NEAR, USDC is also available natively on Algorand (ALGO), Arbitrum ( ARB), Avalanche (AVAX), Base, Ethereum, Flow, Hedera (HBAR), Noble, Optimism (OP), Solana (SOL), Stellar (XLM), and Tron (TRX).

Second-Largest Stablecoin USDC Launches on Ethereum (ETH) Competitor NEAR Protocol (NEAR)

FinTech company and issuer of USD Coin (CRYPTO: USDC), Circle introduced the native stablecoin liquidity access on the Layer-1 Blockchain NEAR (CRYPTO: NEAR) protocol ecosystem. Circle has officially issued Native USDC and is always redeemable 1:1 for U.S. dollars.

Circle's USDC Expansion On NEAR Signals Resilient Multi-Blockchain Future

SailGP And NEAR Protocol Unlock Blockchain-Powered Fan Ownership, launching a fan-owned team made possible by web3.

SailGP And NEAR Empower Blockchain-Powered Fan Ownership

Cardano

Despite today's market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.

Bitcoin Climbs 3% to $26.6K; SOL, NEAR, ADA Lead Crypto Market Gains

Also announced was a partnership with startup Tokenproof.

NEAR Jumps 5% After Nexo Integration, Bucking Market Trend

Decentraland

Bitstamp will "permanently" halt trading for a selection of altcoins for its clientele based in the U.S. What Happened: The crypto exchange stated that it has a "comprehensive framework in place to continuously evaluate" cryptocurrencies and that it takes into account "the dynamic regulatory environment." "Considering recent developments, we are making some changes to our crypto offerings—specifically for our customers residing in the United States.

Bitstamp To Halt Trading Of Polygon, Chiliz And Other Altcoins: Is SEC To Blame?

Trading will soon be halted for several popular cryptocurrencies on the Bitstamp exchange for users in the United States. Starting August 29, 2023, the exchange will suspend trading for AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for U.S. customers, canceling all existing orders for those assets. After this deadline, U.S.

Bitstamp Delists AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for US Customers

Crypto exchange Bitstamp is halting trading of MATIC, SOL, NEAR, AXS, CHZ, MANA and SAND tokens in the U.S. from Aug. 29.

Bitstamp to halt trading in Polygon, Solana and other tokens in the US

All seven tokens to be "permanently" suspended for trading on Bitstamp were earlier classified by the SEC as unregistered securities.

Bitstamp to End Trading of Solana, Polygon and 5 Other Altcoins for US Users

The NEAR Foundation entered a partnership with Alibaba Cloud to drive Web3 growth in Asia and the Middle East.

News for NEAR Protocol Crypto (NEAR)