10-28
Solana’s Yakovenko Challenges Ethereum L2 Security Model in Public Debate
Solana co-founder Anatoly Yakovenko has questioned the security of Ethereum Layer 2 networks, arguing that multisig dependencies undermine decentralization. His critique, posted on X on October 26, 2025, highlights risks similar to those in cross-chain bridges. Ethereum co-founder Vitalik Buterin responded by affirming L2s benefit from base-layer protection against invalid blocks. The debate centers on whether current L2 designs meet core blockchain security and decentralization standards.
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10-28
10-27
Western Union to Pilot Stablecoin Settlement System for Global Remittances
Western Union is launching a pilot program for a stablecoin-based settlement system to modernize global remittances. The initiative was announced during its third-quarter earnings call on Thursday, with CEO Devin McGranahan highlighting potential improvements in speed, cost, and transparency. The move follows growing regulatory clarity, including the recent passage of the GENIUS Act. Stablecoins are increasingly seen as a tool for cross-border payments, with the market exceeding $300 billion in April 2025.
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10-27