July 17: The TON Foundation has announced the launch of TON Teleport BTC, a trustless bridge designed to facilitate secure transfers of Bitcoin (BTC) to and from The Open Network (TON) blockchain. According to the TON Foundation, this new feature allows BTC holders to safely participate in decentralized finance (DeFi) on TON, including engaging with decentralized exchanges (DEXs), lending platforms, and other applications. The bridge operates in a fully trustless and transparent manner, without relying on a centralized issuer. Each BTC on the TON blockchain is fully backed by actual BTC through the teleport process, ensuring both security and reliability in transactions.
July 17: IoTeX is unveiling its 2.0 platform aimed at accelerating the development of decentralized physical infrastructure projects (DePIN). Partnering with NEAR, Filecoin, RISC Zero, and Espresso, IoTeX 2.0 seeks to enhance data availability, storage, computation, and sequencing. The platform introduces DePIN Infrastructure Modules (DIMs) and a Modularity Security Pool (MSP), designed to lower development costs and support sustainable growth for DePIN projects. The MSP allows DePIN layer-1s to restake their Proof-of-Stake security to DIMs, thereby promoting ecosystem growth and sustainability. This development positions IoTeX as a leading decentralized hub for devices and data managed by both human and AI agents.
