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Blockchain Press Releases

Blocto Accelerates Account Abstraction With Launch Of ERC-4337 Compatible Wallet

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PARIS, July 20, 2023 /PRNewswire/ — Blocto, a leading cross-chain wallet application and multi-chain Web3 ecosystem, today unveiled its ERC-4337 compatible wallet at the Ethereum Community Conference (EthCC), marking a significant milestone in the industry’s effort to push the frontiers of account abstraction (AA) innovation. The launch took place at AAvolution: Account Abstraction Village at the heart of EthCC, where Blocto convened discussions amongst key ecosystem players such as the Ethereum Foundation, Polygon, zkSync, Stackup, Etherspot, Gelato, and Fuse Labs.

Heralded as the key to bring Ethereum to the next billion users, account abstraction implements programmable smart contracts for payment experiences. By dramatically improving accessibility and security of crypto wallets, AA brings frictionless useability to the forefront of Web3. This enables non crypto-native users, regardless of their technological know-how, to seamlessly interact and engage with digital assets.

Bringing the world of Web3 to the Web2 masses with Account Abstraction

Key thematic discussions about the history, current state of play and the future of AA innovation were held at AAvolution: Account Abstraction Village. This included topics ranging from account abstraction infrastructure, overcoming developer limitations in account and gas abstraction, simplification of user experience in Web3 onboarding to multi-chain interoperability as Web3’s key to mass adoption.  

Addressing the relative nascency of account abstraction deployment across the Web3 ecosystem, industry experts deliberated on streamlining both builder and user experiences for AA to complement existing infrastructure, rather than to displace incumbent technologies. Signaling major progress in Ethereum’s roadmap to achieve trustless, censorship-resistant smart accounts, panelists showcased the next iteration of AA-enabled innovation to assist developers in their building journey.

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Tom Teman, ERC-4337 Product Manager, Ethereum Foundation, said: “Frictionless useability and comprehensive security will be the key catalysts to bring Ethereum to the mainstream. Following the launch of ERC-4337, I’m thrilled to witness an impressive variety of account abstraction innovations deployed across the ecosystem at EthCC. Programmable smart accounts will revolutionize wallet UX development and how people interact with decentralized applications (“dApps”). I’m proud to support the onboarding of the next billion users to Web3 alongside numerous projects building in this space.”

Building on the open-source ethos of Web3, the event also saw active discussions around the interoperability for AA wallets to work seamlessly across blockchain networks and protocols. This is fundamental to greater onboarding of Web2 users, through smart contract wallets that open up more pathways into Web3.

Luis Schliesske, Co-Founder, Gelato said: “At Gelato, we believe multi-chain is the future. With Gelato’s multi-chain Account Abstraction tooling, it has never been easier for Web3 developers to build user experiences that rival and even surpass those of Web2 apps. We make it so that applications, like Connext, GnosisPay, and many others, and their users, don’t have to deal with all the friction that is inherent to blockchain interactions and just enjoy all the fun parts!”

The key benefit of AA rests in its ability to create wallets that are more accessible to users who are not well acquainted with Web3 user interface. This brings Web3’s underlying ethos of permissionless decentralization to the masses, advancing the industry’s roadmap to achieve a frictionless future of self-custodial financial technology.

Breaking blockchain’s barriers to entry with Blocto’s ERC-4337 compatible wallet

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The newly launched Blocto wallet is fully compatible with ERC-4337 – the Ethereum standard that achieves account abstraction without the need for consensus-layer changes to the protocol. This standard enhances the functionality, security and overall user experience (UX) of wallets within the Ethereum ecosystem, surmounting many existing challenges related to digital asset payments.

Aimed at making Web3 more accessible to the masses, Blocto is a pioneer in coinless onboarding, enabled by its chain-agnostic, universal gas fee solution, Blocto Points. Recognizing the inertia that new users face when embarking on their Web3 journey, Blocto will provide free Blocto Points to new users for subsidization of their first 50-100 blockchain transactions. By eliminating the need for native crypto tokens to start, Blocto significantly lowers barriers to entry for users to navigate the interconnected Web3 ecosystem with confidence.

Powered by AA, Blocto’s ERC-4337 compatible wallet utilizes a decentralized paymaster to enact a novel freemium model for Web3 user acquisition. Augmented by a bundled transaction journey, users will benefit from an accelerated and friction-free transaction experience to spend more time on engagement and interaction across dApps.

With the introduction of social logins to complement existing email logins, Blocto users do not need complicated seed phrases to access their digital wallet. By eliminating multiple steps in the onboarding process, Blocto simplifies the onboarding experience to allow unbridled access to Web3 in under thirty seconds, while allowing dApps to significantly increase chances of onboarding funnel conversions with Blocto SDK integration.

Delivering on a highly intuitive UX and enhanced secure key rotation, Blocto sets itself apart from incumbents by leveraging a flexible custodial key management model. Providing users with the ability to dictate control and ownership over their digital assets, users can set their Blocto wallet in either custodial or non-custodial mode to securely explore the world of Web3.

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The capabilities of AA brings the most clean and flexible on-chain UX approach, enabling Web3 wallets to offer a familiar interface that is modeled after the everyday digital banking experience. With social logins and subsidized transaction fees, Blocto’s ERC-4337 wallet offers a user-friendly and accessible way to onboard the next generation of internet users into a decentralized future.

Hsuan Lee, Co-founder and CEO, Blocto, said: “Accessibility and interoperability are key principles that guide our approach to Web3. With the launch of Blocto’s ERC-4337 compatible wallet, we are creating a streamlined solution that makes blockchain technologies simpler and more accessible to everyone. Designed specifically for users regardless of their level of experience, the power of account abstraction provides a seamlessly optimized, UX-led gateway for all to meaningfully interact and engage with the limitless possibilities of the Web3 ecosystem. This ushers in a new era of instantaneous, secure transactions that surmount existing barriers, to ultimately instigate a transformative shift in the way we think about our global payment rails.” 

Marking its advent as one of the industry-firsts to achieve ERC-4337 compatibility, Blocto is a recognised leader in the field of account abstraction. Technologically similar to its predecessor with several elemental upgrades, Blocto has utilized smart contract wallet architecture since its inception.

Since its Series A round in February 2023, Blocto has amassed 100+ integrated ecosystem partners, over 1.6 million active users, and increased its company valuation eightfold to $80 million. Leveraging investor support from strategic partners Mark Cuban, IPX (formerly Line Friends) and 500 Global (formerly 500 Startups), the company continues to enhance expansion of its interconnected multi-chain ecosystem, while bolstering product and infrastructure development aimed at simplifying the Web3 onboarding process.

Looking ahead, Blocto will be integrating with multiple leading EVM-compatible Layer 2 blockchains and fostering growth of the wider Web3 industry through strategic ecosystem accelerator programs.

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About Blocto

Blocto is an all-in-one cross-chain smart contract wallet ecosystem that offers a seamless, unified experience in a comprehensive platform. Blocto SDK enables instant Web3 integration for builders, developers and innovators with significantly lowered user acquisition costs.

Since its founding in 2019, Blocto has been an industry pioneer in the field of account abstraction (AA), driving wide-scale adoption of digital assets — by launching one of the most extensive ERC-4337 compatible crypto wallets, prioritizing user experience and simplifying the onboarding process.

Today, Blocto is one of the most influential blockchain projects in the industry, having recently secured a Series A funding round with investors like Mark Cuban, IPX (previously Line Friends) and 500 Global.

Website | Twitter | LinkedIn | Discord | Medium | Github

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Blockchain Press Releases

MEXC Announces Listing of Hyperlane (HYPER) with a 165,000 HYPER and 50,000 USDT Prize Pool

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VICTORIA, Seychelles, April 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the Hyperlane (HYPER) listing on April 22, 2025(UTC).To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 165,000 HYPER and 50,000 USDT for new and existing users.

Hyperlane is the first permissionless, universal interoperability protocol dedicated to building a truly open and decentralized cross-chain communication infrastructure. As “The Open Interoperability Framework,” it enables anyone to freely expand, utilize, and customize the network, allowing developers to easily and securely build cross-chain applications and token bridges. To date, Hyperlane has connected over 140 blockchains, processed nearly 9 million cross-chain messages, and bridged more than $6 billion in volume through its Warp Routes.

$HYPER is the native token of the Hyperlane ecosystem, with an initial total supply of 1 billion tokens. It plays a critical role in securing the protocol through staking, rewarding validators for verifying cross-chain messages, incentivizing user-driven activity, and enabling community governance over protocol development.

To celebrate the listing, MEXC will launch an Airdrop+ event with substantial rewards for users:

Event Period: April 21, 2025, 10:00 – May 01, 2025, 10:00 (UTC)

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Benefit 1: Deposit and share 120,000 HYPER (New user exclusive)

Benefit 2: Spot Challenge — Trade to share 15,000 HYPER (For all users)

Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)

Benefit 4: Invite new users and share 30,000 HYPER (For all users)

MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. MEXC will continue to expand its asset offerings and help users seize timely opportunities in the fast-moving crypto market.

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For full event details and participation rules, please visit here.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X Telegram |How to Sign Up on MEXC

Risk Disclaimer:

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The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

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Blockchain Press Releases

Introducing Clementine Bridge: Citrea Deploys First Complete BitVM Bridge Design on Testnet

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Citrea’s Clementine Bridge marks the first time that a fully programmable layer is tested for settling on Bitcoin.

GEORGE TOWN, Cayman Islands, April 21, 2025 /PRNewswire/ — Citrea, the first ZK rollup to enhance capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps), has successfully deployed its Clementine Bridge, the first complete BitVM bridge design on Bitcoin Testnet. Citrea has also recently revealed Clementine’s whitepaper, marking the first real-world implementation of a BitVM-based bridge which extends BTC’s utility to decentralized finance in the most Bitcoin-secured and native way possible. With Clementine’s testnet deployment, Bitcoin is for the first time tested for optimistically verifying a fully programmable layer. The Clementine whitepaper is currently the only documentation of how to use BitVM in a bridge design with clear solutions toward a secure and efficient bridge implementation. 

Despite being the world’s largest digital asset, BTC has struggled to build relevance in decentralized finance. A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment. This problem has forced users to either keep Bitcoin as a passive store of value or rely on custodians for using BTC in financial activities. Citrea’s BitVM-based Bitcoin bridge Clementine solves this by enabling the safest and most trust-minimized way to bridge BTC and extend its utility to decentralized finance. 

Citrea’s Clementine bridge marks a historic moment for Bitcoin and a new beginning for BTC’s utility. “It felt like magic when we saw all the bridge components work smoothly in our internal tests and that any malicious act is stopped by a single honest actor,” said Ekrem Bal, Co-Creator of Citrea. “We’re now ready to test Clementine in a real Bitcoin Testnet environment and make it more battle-tested for Citrea mainnet.”

With the introduction of BitVM by a Bitcoin developer Robin Linus, verifying computations on Bitcoin and building Bitcoin-secured bridges became a possibility. Very soon after its introduction, Citrea team became a core contributor of BitVM and later a founding member of BitVM alliance, where BitVM’s fundamental technology of executing a fraud proof of a zero-knowledge (ZK) proof on Bitcoin was developed collaboratively. Although accomplishing a ZK proof verification on Bitcoin was a prerequisite, there were still critical problems to address to implement this fundamental technology securely and efficiently into a Bitcoin bridge design. A detailed breakdown of this can be found in Clementine’s whitepaper.

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Clementine’s design and whitepaper introduce novel solutions to two main research topics in BitVM-based bridge implementation, namely Bitcoin chain fork selection and capital efficiency of operators. These topics have been critical to solve as they ensure both the bridge’s security and efficiency. Citrea’s Clementine bridge offers clear solutions to both of these problems:

  1. Bitcoin Chain Fork Selection: This is related to ensuring that the bridge follows the longest Bitcoin chain. It has been an open research topic where the BitVM creator introduced superblocks approach but its security was later found to be broken. Citrea introduces a new Bitcoin Light Client design that uses succinct Header Chain Proofs of Bitcoin. These proofs are aggregated by operators into a single BitVM proof. 
  2. Capital Efficiency of Operators: This has been another limitation of implementing BitVM efficiently into a bridge design. With Citrea’s approach to non-standard Bitcoin transactions, operators can now process hundreds of withdrawals in parallel with a single collateral. Disproving only one withdrawal is enough to stop other malicious withdrawal processes.

Clementine’s design relies on zero-knowledge proofs, Bitcoin data availability, a novel Bitcoin Light Client design and BitVM. In the case of a malicious act, an honest watchtower provides a proof of the longest Bitcoin chain. Then the operator generates a proof verifying Citrea’s state, watchtowers’ challenges and payout for the withdrawal. If the operator is malicious, it won’t be able to generate such proof, resulting in slashing the operator. Clementine has three main bridge actors to ensure the system’s integrity:

  • Signers enforce BitVM spendings by managing peg-ins through presign transactions
  • Watchtowers are tasked with monitoring operators and challenging any malicious behavior by sending a proof of longest Bitcoin chain
  • Operators, a group of profit-seeking entities, temporarily cover users’ withdrawals and are later reimbursed with presigned transactions.

Citrea: Bitcoin’s Application (app) Layer

Citrea extends Bitcoin’s utility without sacrificing its security. With zero-knowledge technology, Citrea enables Bitcoin to function as a fully programmable layer. With its Bitcoin bridge Clementine, Citrea offers the safest and most trust-minimized way to bridge BTC to a fully programmable secondary layer. 

For the first time in its history, Bitcoin Network will be able to support diverse on-chain applications and its utility will be extended to decentralized finance. 

Apply to Citrea’s unique incubation program ‘Citrea Origins‘ to build ₿apps.

For more information, please visit: Citrea website | Citrea X Account

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Blockchain Press Releases

BingX Brings Balance (EPT) to Spot with a 200 Million EPT Xpool

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PANAMA CITY, April 21, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, announces the listing of EPT, the native token for Balance.fun, for both spot trading and also on the BingX Xpool. The spot listing will commence on April 21 at 12:00 (UTC) while the Xpool launch will start on April 22 at 10:00 (UTC). BingX users can stake BTC and EPT in Xpool, though new users will have an additional option to stake USDT to win a bigger share of the reward pool that includes 2,000,000 EPT Points. The first 1000 new users who stake a minimum of 100 USDT will also be able to earn an additional bonus voucher worth 100 USDT.

EPT is the governance token of Balance, an AI-powered web3 experience infrastructure designed for the masses. This new digital asset will fuel the new Balance Platform to create an open and inclusive gaming ecosystem for both gamers and developers with fairness at its core. With the integration of AI and blockchain technology, games can be built and marketed more easily while allowing players to benefit from the enhanced and diversified gaming experience.

Users of the existing Epal platform can transfer their EPT tokens to BingX, enabling a reliable method to trade EPT or, alternatively, purchase EPT for governance purposes. Having a solid exchange to further explore the vast world of cryptocurrencies, this new listing further empowers both Epal and Balance users in the process.

Vivien Lin, Chief Product Officer of BingX, shared her thoughts on the new trading option and Xpool listing: “I think providing users with these new trading and early investment options is our responsibility as a responsible cryptocurrency exchange since some of our users rely on us to introduce such projects with such numerous functions across multiple subcategories”.

Visit bingx.com to join the Xpool starting April 22 and start trading EPT on spot from April 21. Whether you’re a gamer, builder, or crypto enthusiast, this is your chance to be part of a new decentralized chapter in entertainment.

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About BingX 

Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information, please visit: https://bingx.com/

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