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Succinct Labs has partnered with Optimism to develop OP Succinct, which can upgrade any OP Stack chain to use zero-knowledge proofs within an hour. This will improve transaction speeds and reduce fees for Ethereum Layer 2 scaling solutions. Succinct Labs has raised $55 million and claims its new approach is faster and cheaper than standard optimistic rollups. OP Succinct can be easily integrated into existing deployments, addressing scalability and transaction speed issues on the Ethereum mainnet. In June this year, OP Labs released a fault proof system that allows users to challenge and revoke invalid withdrawals, providing a mechanism for Ethereum Layer 2 networks. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
- 01:05Data: A certain whale address deposited $5.1 million into HyperLiquid to open a 20x ETH short positionChainCatcher news, according to monitoring by Onchain Lens, a newly created wallet deposited 5.1 million USDC into HyperLiquid and opened a 20x leveraged short position on ETH. Position data as follows: Position size: 10,796 ETH Position value: 50.83 million USD Entry price: 4,718.1 USD Liquidation price: 5,086.8 USD.
- 00:45Faraday Future launches independent listing plan for Crypto businessChainCatcher News, according to Golden Ten Data, Faraday Future (FFIE.O) announced that, based on its overall strategic plan, the company is actively planning to spin off its Crypto & C10 and crypto-related assets and businesses for a public listing. Faraday Future stated that over the past two weeks, C10 Treasury has successfully completed two rounds of crypto asset allocation totaling approximately $7 million.
- 2025/09/12 23:59FF launches Crypto Flywheel spin-off listing; new company to operate and raise funds independentlyJinse Finance reported that FF announced, according to its overall strategic plan, the company is actively preparing to spin off its Crypto&C10 and crypto-related assets and businesses, and to promote their public listing. The company will officially disclose detailed information at the upcoming 919 press conference. This spin-off and listing plan will create two independent listed entities—FFAI and a new company focused on the Crypto flywheel—both operating independently while forming strategic synergies to empower each other. This spin-off plan will become a new strategic pivot for the company and is expected to bring significant incremental value to FF and its shareholders. (Zhitong Finance)