SELF

Safe established a subsidiary, Safe Labs, to develop an enterprise-level self-custody wallet solution for Ethereum

ChainCatcher news, according to Cointelegraph, digital asset self-custody service provider Safe (formerly Gnosis Safe) has announced the establishment of a wholly-owned subsidiary, Safe Labs, focused on the development of enterprise-grade self-custody solutions based on Safe Smart Accounts and smart contract wallet technology. The subsidiary is led by former Chief Product Officer Rahul Rumalla, who has over 15 years of engineering and product management experience and previously founded Web3 startups Paperchain and Otterspace.It has been disclosed that Safe currently has a managed asset scale of $60 billion, supporting 4% of Ethereum on-chain transactions and holding about 10% of the Ethereum Virtual Machine smart account market share. The new product adopts a modular smart contract wallet architecture, supporting institutional needs such as multi-signature management, but most on-chain interactions still rely on the "blind signing" operations of hardware wallets.Safe co-founder Lukas Schor emphasized that the development of Web3 must ensure users have absolute control over their digital sovereignty. At the time of this initiative's announcement, Bybit was exposed to industry risks due to a $1.4 billion hack incident caused by a blind signing vulnerability in February, and Ledger CEO Pascal Gauthier pointed out that "blind signing is equivalent to signing a blank check online."

Golden Goose V3 is officially launched, leveraging Cycle Network's multi-chain settlement to achieve a new experience of self-custody one-click full-chain investment

ChainCatcher news, the chain abstraction DeFAI project Golden Goose announces the official launch of its V3 version. Users only need to hold stablecoins to invest in the full-chain yield protocols on the Goose platform with one click, without the need to switch networks, prepare native Gas, or use cross-chain bridges; the underlying strategy integration, inter-chain asset flow, and rebalancing are automatically settled by Cycle Network, allowing users to truly experience "No Chains Anymore."Currently, Goose has integrated multiple high-yield protocols from the Berachain ecosystem, with the highest annualized yield reaching 39.2%; in the future, it will continue to integrate key ecological yield strategies from BNB, Sonic Labs, HyperChain, Monad, and others, continuously expanding the coverage of on-chain investments and comprehensively enhancing users' on-chain yields.The Golden Goose team stated: "What we are building is not an ordinary yield platform, but a crypto yield entry point that allows Web2 users to use it with zero barriers. Currently, nearly 300,000 TikTok users are enjoying on-chain yields through Goose. By solving the multi-chain asset interaction and settlement issues with Cycle Network, and combining DeFAI's smart yield strategy engine, the team will continue to provide smarter aggregated yield solutions to serve global users."

Trader Eugene: The recent structural decline of active developers is concerning, and the crypto market is陷入 a self-reinforcing cycle in the short term

ChainCatcher news, trader Eugene posted, "The introduction of global trade tariffs marks a change in the world order that has not been seen in over 50 years. Free trade has always been a key factor driving productivity and economic growth, contributing to the largest long-term bull market in history. The shift from openness to a protectionist stance will have profound effects, which will take years to gradually manifest, unless Trump completely abandons his tariff plans. I think the likelihood of that is very low. This will pose significant long-term resistance to global risk assets.In terms of cryptocurrency, the recent structural decline in active developers may be the most concerning thing. In the last cycle, we could observe developer activity and feel reassured because we knew our industry was still benefiting from long-term tailwinds. Fast forward 2-3 years later, and we have not produced anything particularly interesting or important, and the outlook for the future is even worse than it was then.In the last cycle, we looked forward to the launch of ETFs and a better regulatory environment under government support for cryptocurrencies as a light at the end of the tunnel. Now that these have been realized, but (once again) have failed to meet expectations, I see no future that can free cryptocurrency from its inherent 'Ouroboros' (self-circling, self-consuming dilemma).In the coming weeks to months, I hope to reduce operations in the cryptocurrency space, whether bullish or bearish, as I believe this is the wisest choice. Being a believer waiting for a new bull market is no longer contrarian thinking. However, starting to explore new greenfields (undeveloped areas) is indeed contrarian.For me, the only bright spot is that the use cases and global acceptance of Bitcoin are stronger than ever, which may encourage believers to continue hoarding Bitcoin and achieve decent returns (I hope so). The idea of Bitcoin reaching $1 million per coin by 2035 is not a fantasy in my view."
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