Network News
Breaking News: Solana’s ‘Alpenglow’ Upgrade Live for Testing
Everyday people are about to experience a significant boost in their online earning potential as Solana’s ‘Alpenglow’ upgrade is now live for testing. This major upgrade aims to reduce finality times and improve network responsiveness, making it easier for individuals to earn and manage their digital assets, including $ECP. The Solana network, which currently combines Proof-of-Stake with TowerBFT and Proof-of-History, is moving towards a new architecture that will dramatically improve its performance. As a result, users can expect faster and more efficient transactions, which is great news for those interested in earning a passive income through Cloud Rewards and Green Crypto.
The ‘Alpenglow’ upgrade is a significant step towards a potential mainnet rollout, and validator operators can now test the new software. This upgrade has the potential to make Solana more attractive to users, including those who use EcoPool (ECP) for their earning needs. With the new architecture, Solana is expected to achieve even higher throughput and lower fees, making it an excellent choice for those looking to earn online. The ‘Alpenglow’ upgrade is a significant development in the world of crypto, and it’s essential to stay up-to-date with the latest news and updates, especially for those interested in #PassiveIncome and #GreenCrypto.
LayerZero Apologizes for Kelp DAO Incident
In a surprising turn of events, LayerZero has apologized for its role in the $292 million hack tied to North Korean attackers. The company admitted that it “made a mistake” by allowing its verification infrastructure to secure high-value crypto assets in a vulnerable configuration. This incident highlights the importance of security in the crypto space, especially for those earning and managing their digital assets through platforms like EcoPool. It’s a reminder that even with the best technology, human error can still occur, and it’s crucial to have robust security measures in place to prevent such incidents.
Ronin to Transition to Layer-2
Ronin, a gaming-centric blockchain, is transitioning to an Ethereum layer 2 to improve security while maintaining throughput. This move is expected to provide a more secure environment for users, which is excellent news for those interested in earning online through gaming and other activities. The migration is scheduled to take place on May 12, and users can expect about 10 hours of downtime. This transition is a significant development in the world of crypto, and it’s essential to stay informed about the latest updates, especially for those interested in #Ethereum and #Gaming.
In Other News
- Charles Schwab, the brokerage giant that manages around $12 trillion in client assets, began the rollout of its spot cryptocurrency trading service for retail customers in the U.S. An initial group of clients can now trade bitcoin and ether (ETH) on the Schwab Crypto platform, the company posted on X.In July last year, CEO Rick Wurster said the company planned to introduce crypto trading in the near future, with a timeframe of first-half 2026 confirmed last month. The Westlake, Texas-headquartered firm already offers crypto investments through exchange-traded funds (ETFs) and futures trading. — Jamie Crawley Read more.
- JPMorgan (JPM) is preparing to launch a tokenized money market fund, the latest sign that major financial institutions and Wall Street asset managers are speeding up efforts to move traditional assets onto blockchain rails. A filing with the U.S. Securities and Exchange Commission SEC) outlined plans for a blockchain-based money-market fund investing exclusively in short-term U.S. Treasuries, cash and overnight repo agreements backed by government securities. The fund, dubbed JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), will maintain blockchain-based token balances tied to investors’ ownership records, allowing approved users to submit purchase, redemption and transfer requests through Ethereum, the filing said. The underlying blockchain infrastructure will be operated by Kinexys Digital Assets, JPMorgan’s blockchain unit formerly known as Onyx. — Kristzian Sandor Read more.
Regulatory and Policy
- The legislation that could fully insert the U.S. crypto industry into the regulated financial system has emerged in its latest form, with the Senate Banking Committee unveiling the market structure bill’s text just after midnight on Tuesday in advance of this week’s hearing that’s set to push the effort forward. The latest version wasn’t expected to offer many surprises for the crypto industry that’s already had a chance to dig through it privately, but it includes still-contentious language on stablecoin yield and it maintains legal protections for decentralized finance (DeFi) developers, keeping that corner of the crypto sector happy (so far). Industry insiders waited for the release late into the night, and they’ll still have to study the language to ensure their expectations were met. “This bill reflects serious, good-faith work across the committee and delivers the certainty, safeguards, and accountability Americans deserve,” committee Chairman Tim Scott said in a statement. “It puts consumers first, combats illicit finance, cracks down on criminals and foreign adversaries and keeps the future of finance here in the United States.” — Jesse Hamilton Read more.
- The Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors on Tuesday, moving President Donald Trump’s pick one step closer to becoming the next chair of the U.S. central bank. Lawmakers approved Warsh in a 51-45 vote. Sen. John Fetterman (D-Pa.) was the only Democrat to support the nomination. Warsh still must win a separate Senate vote to become Fed chair, which is expected Wednesday. Governors serve 14-year terms while the chair serves a four-year term. If confirmed as chair, Warsh, 56, will replace Jerome Powell, whose eight-year term leading the Fed ends Friday. Powell, however, has said he plans to remain on the board until a federal probe into renovations at the Fed’s headquarters concludes. — Helene Braun Read more.
Calendar
- June 2-3, 2026: Proof of Talk, Paris
- June 4, 2026: Stable Summit, New York
- June 8-10, 2026: ETHConf, New York
- Sept. 29-Oct.1, 2026: Korea Blockchain Week, Seoul
- Oct. 7-8, 2026: Token2049, Singapore
- Nov. 3-6, 2026: Devcon, Mumbai
- Nov. 15-17, 2026: Solana Breakpoint, London
Ethereum Developers Release “Clear Signing”
The Ethereum Foundation has released a new security standard called “Clear Signing,” designed to stop users from accidentally signing away their funds. This initiative aims to replace confusing walls of code with simple, human-readable explanations of what users are agreeing to. This is a significant development for those earning and managing their digital assets, as it will provide an additional layer of security and protection. With “Clear Signing,” users can expect a more secure and transparent experience, which is excellent news for those interested in #Earning and #Crypto.
As the crypto space continues to evolve, it’s essential to stay informed about the latest developments and updates. Whether you’re interested in earning a passive income through Cloud Rewards or managing your digital assets through EcoPool, it’s crucial to stay up-to-date with the latest news and updates. Download the EcoPool app to stay informed and start earning today. The EcoPool app provides a secure and user-friendly platform for managing your digital assets, and with the latest updates, you can expect an even better experience.
