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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.




- 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)
- 2025/09/12 23:05The U.S. Congressional Budget Office lowers this year's economic growth forecast and raises the unemployment rate projection.Jinse Finance reported that, considering former U.S. President Donald Trump's tax policies, tariffs, and the reduction in net immigration, the Congressional Budget Office (CBO) has raised its forecasts for U.S. inflation and unemployment rates this year, while lowering its expectations for economic growth. The agency's economic forecast released on Friday shows that the U.S. economy will grow by 1.4% in 2025, down from the 1.9% predicted in January. The inflation rate will rise to 3.1%, nearly one percentage point higher than previously forecast, based on the Federal Reserve's preferred inflation indicator. The report also shows that the U.S. unemployment rate is expected to reach a higher peak of 4.5% by the end of this year.
- 2025/09/12 22:43Massachusetts sues prediction market platform Kalshi for alleged illegal sports bettingJinse Finance reported that Andrea Joy Campbell, Attorney General of Massachusetts, has filed a lawsuit against the prediction market platform Kalshi, accusing its sports event contracts of violating state gambling laws and operating in a manner similar to licensed bookmakers. The complaint seeks to prohibit Kalshi from offering sports prediction markets without a license and pursues monetary compensation. Prosecutors pointed out that the platform is designed to attract users by leveraging gambling psychology. Kalshi has previously had disputes with the federal CFTC and received concessions this year; its board member Brian Quintenz was a CFTC chairman nominee by Trump. Kalshi stated that the platform is fair and transparent and will defend innovation in court.