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Threshold community proposes merging tBTC with WBTC. The proposal is driven by concerns over WBTC’s stability due to Justin Sun’s involvement. According to the proposal, BitGo will receive T tokens, becoming a major stakeholder in Threshold Network. In a strategic move to protect the future of Wrapped Bitcoin (WBTC), a proposal dubbed “#saveWBTC – a merger with Threshold’s tBTC” has been put forward to merge the decentralized tBTC token of Threshold with BitGo’s WBTC. The proposal, currently under discussion on Threshold’s forum page, comes in response to rising concerns within the crypto community regarding WBTC’s stability following BitGo’s partnership with Hong Kong-based BiT Global, a company partly owned by Justin Sun, founder of the Tron ecosystem. Unease with Justin Sun’s involvement with WBTC The partnership has raised alarms due to Sun’s controversial track record, with past in...

The number of daily transactions across the Ethereum layer-2 scaling ecosystem reached an all-time high, with Coinbase’s Base network accounting for a chunk of the activity. Growthepie data shows that aggregated daily transactions across layer-2 networks soared to 12.42 million on Aug. 12, with Base processing more than 3.6 million transactions. This was substantially more than Arbitrum One, which handled 1.39 million transactions on the same day.  Over 100 Million Transactions In The Past Month Base was one of the most active blockchains in the past month as well. Throughout the past 30 days, the network facilitated more than 111 million transactions, according to L2Beat data . This placed it second in this regard, with Xai taking the leading with close to 300 million transactions during the same period. Base also currently has the second highest Total Value Locked (TVL) within the layer-2 space, with approximately $6.35 billion locked up in decentralized finance (DeF...