Regulation

GnosisDAO approves Gnosis Chain for Ethereum Economic Zone

CoinTelegraph3h agoUpdated 1h ago
GnosisDAO approves Gnosis Chain for Ethereum Economic Zone
Smart Read

Gnosis Chain was approved to transition to an EEZ rollup, enabling it to settle directly to Ethereum rather than continue with an independent validator set.

Coins in this story

ETH
₹2,292.37
+19.00%

Discussion

Related stories

Decrypt

Banking Regulator Races to Finalize GENIUS Act Stablecoin Rules

OCC Comptroller Jonathan Gould told the Wyoming Blockchain Symposium the agency is moving at a rapid pace to beat a January statutory deadline, after already missing an earlier July target.

CryptoSlate

A crypto network just voted to abandon its standalone blockchain and unlock 27% of its token supply

GnosisDAO has approved a plan to retire Gnosis Chain’s standalone Layer 1, a shift that will unlock roughly 350,000 staked GNO. Under GIP-153, Gnosis Chain will become a zero-knowledge-proven Ethereum Economic Zone rollup that settles directly to Ethereum every block. The network will eventually retire its independent…

CoinDesk

Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

The Hyperliquid wallet known as pension-usdt.eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.