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💰 Fordefi Unveils First Institutional-Grade MPC Wallet for DeFi on Sui Fordefi’s comprehensive platform and Web3 gateway provide an enterprise grade solution enabling builders, traders, and operators to self-custody their private keys, seamlessly connect to thousands of decentralized applications (dApps) across any blockchain, and manage digital asset operations with granular policies and a unified interface.

According to Odaily, Ronin has announced the release of updates for its Ronin Wallet browser extension version 2.1.5 and mobile version 2.5.0. The new versions introduce support for importing mnemonic phrases with 13, 15, 21, and 24 words. Additionally, the updates include features for copying checksums and case-sensitive addresses. The activity interface UI has also been improved to enhance user experience. The updates address several issues, including a bug related to re-authentication of the MPC wallet in the browser extension and problems associated with scanning QR codes. Ronin stated that the updates also contain various minor bug fixes aimed at providing users with a more stable and feature-rich wallet experience.

According to Odaily, cryptocurrency custody platform Zenrock, formerly known as Qredo, has launched an innovative decentralized custody solution aimed at addressing user concerns about DeFi security and accelerating industry growth. Zenrock Chairman Dan Tapiero noted that even active users in the crypto space feel uneasy about using DeFi, leading many investors to prefer centralized exchanges and ETFs. To mitigate the risks associated with centralized custody models, Zenrock employs decentralized multi-party computation (MPC) wallet technology, which eliminates single points of failure by splitting and distributing private keys among multiple parties. The company has also developed a hybrid security model that combines its native token with EigenLayer to protect the protocol. CEO Randy Little stated that this model 'gives re-staked Ethereum a purpose.' Zenrock plans to adopt a transaction-based model and offer its technology to developers, institutions, and individual investors. The platform is currently in the testnet phase and is expected to officially launch within the year. On August 19, Zenrock introduced a decentralized wrapped Bitcoin token, zenBTC, further expanding its product line. The project is supported by 10T Holdings, 1RoundTable Partners, Spartan Group, and Maven 11. Tapiero emphasized that Zenrock is the first project to apply traditional private equity practices to the digital asset space, and he anticipates that more traditional financial institutions will follow this model in the future.

According to Odaily, cryptocurrency custody platform Zenrock, formerly known as Qredo, has launched an innovative decentralized custody solution aimed at addressing user concerns about DeFi security and accelerating industry growth. Zenrock Chairman Dan Tapiero noted that even active users in the crypto space feel uneasy about using DeFi, leading many investors to prefer centralized exchanges and ETFs. To mitigate the risks associated with centralized custody models, Zenrock employs decentralized multi-party computation (MPC) wallet technology, which eliminates single points of failure by splitting and distributing private keys among multiple parties. The company has also developed a hybrid security model that combines its native token with EigenLayer to protect the protocol. CEO Randy Little stated that this model 'gives re-staked Ethereum a purpose.' Zenrock plans to adopt a transaction-based model and offer its technology to developers, institutions, and individual investors. The platform is currently in the testnet phase and is expected to officially launch within the year. On August 19, Zenrock introduced a decentralized wrapped Bitcoin token, zenBTC, further expanding its product line. The project is supported by 10T Holdings, 1RoundTable Partners, Spartan Group, and Maven 11. Tapiero emphasized that Zenrock is the first project to apply traditional private equity practices to the digital asset space, and he anticipates that more traditional financial institutions will follow this model in the future.

🌐Bloomberg: Up to one million jobs may be cut in the US. Macro data on the labor market is likely to push J. Powell to more “dovish” rhetoric (easing of MPC/rate cut) at the speech at the economic symposium of the heads of the world Central Banks in Jackson Hole on August 23.