ChainCatcher news, Polyhedra Network announced the introduction of a completely trustless cross-chain Bitcoin token exchange through zkBridge. The protocol supports completely trustless token transfers between Bitcoin and other networks. For example, it enables Bitcoin L2 and sidechains to securely withdraw BTC to Bitcoin L1.

ChainCatcher news, Bison Labs announced the completion of its Pre-Seed funding round, aiming to pioneer a Trustless and on-chain sovereign Rollup solution for Bitcoin's second-layer network. This round of financing was led by Portal Ventures, with participation from UTXO Fund, Domo (creator of BRC-20), Linus Chuang, Chief Product Officer of Magic Eden, Waterdrip Capital, Bitcoin Startup Labs, Satoshi Lab, and other strategic investors.It is reported that Bison Labs is a sovereign Rollup solution using ZK proofs on Bitcoin, featuring the smallest trust assumptions and the highest security in the market. Unlike existing second-layer solutions, Bison Labs prioritizes a Trustless system that requires no external trust assumptions by protecting assets through client verification and in co-hosted DLCs. This approach ensures security and prevents key leakage.So far, Bison Labs has over 15 teams building ecological applications on its platform and is expanding its support to EVM and Rust0 VM, as well as CairoVM.Bison Labs CEO Jay emphasized the importance of focusing on the native smart contract ecosystem for Bitcoin. Unlike many other second-layer solutions that design generic "multi-signature" methods, Bison introduces a way to protect network security without trust and without the need to create nodes. Bison Labs sets a new security standard through client verification to directly share the security of Bitcoin's first layer.

ChainCatcher news, OKX Ventures announced an investment in the trustless computing platform provider Delphinus Lab. Delphinus Lab aims to build a zkWASM cloud suite and is committed to providing a zkWASM-based application rollup platform, zkWASM Hub, which offers automatic proof and batching services for application workloads through customizable WASM extensions. Furthermore, while continuing to improve and innovate the original implementation of zkWASM, Delphinus Lab will define zkWASM application communication standards within zkWASMHUB to achieve broader interconnectivity and collaboration between Rollup applications on different underlying blockchains.Dora, the founder of OKX Ventures, stated that Delphinus Lab's zkWASM virtual machine is the first zero-knowledge virtual machine to support WASM bytecode, which is an innovative technology that could trigger large-scale applications. By leveraging zkWASM, developers can flexibly use various programming languages to build ZKP applications. Applications can enhance their security and privacy through the combination with zero-knowledge proofs, thereby creating a more decentralized and trustless web3 world.

ChainCatcher news, the incubator Trustless Labs has announced the launch of a $10 million Bitcoin ecosystem Phase I fund. This fund will focus on supporting projects such as BRC20, Atomicals, inscriptions, and Runes, further promoting innovation and development within the Bitcoin ecosystem.Trustless Labs is a cutting-edge technology incubator focused on research and technology-driven initiatives in areas like blockchain and AI, dedicated to working with entrepreneurs to become a catalyst for active innovation in the blockchain and technology sectors through strategic investments and incubation services.

ChainCatcher news, the Lido ecosystem organization Lido DAO is funding =nil; Foundation and Metacraft Labs to explore the use of zkLLVM technology for additional soundness and correctness checks on the trustless zk-proof TVL oracle through LEGO (Lido Ecosystem Grants Organisation). This funding aims to build trustless accounting technology, which, if implemented, will serve as an additional check for the oracle without completely replacing the current accounting oracle; it focuses on supporting decentralization and reducing trust in the oracle accounting process, providing better decentralized support for existing protocols.Lido also stated that if zk-proof technology proves to be efficient, secure, and beneficial for the operation of the Lido Protocol oracle accounting, there may be a gradual rollout of broader functionalities across the entire oracle system in the future.

ChainCatcher news, Trustless Market developers have deployed Uniswap's smart contracts on the Bitcoin network to leverage the rise of BRC-20 tokens to drive the development of its decentralized finance (DeFi) ecosystem.Currently, Trustless Market has a trading volume of $500,000, with over 2,000 users, and liquidity providers can earn a 2% commission from trades. (CoinDesk)

ChainCatcher message, during the "CeFi Future, Starting from Now" roundtable discussion at the 2023 Hong Kong Web3 Carnival, Binance founder Zhao Changpeng stated that achieving trust can have three levels: reliance on technology, such as using trustless technology; trust in communities and platforms, which takes time to build; self-education and risk management, as centralized platforms have risks, DeFi has risks, and traditional financial service providers also have risks. Avoid a black-and-white perspective; it is important to have a balanced view, and the key is to learn risk management.