TechCapsules

Why Some Ethereum Layer 2s are Thriving While Others Lose Relevance

Ethereum Layer 2 networks, designed to alleviate high fees and slow transaction speeds on the main Ethereum chain, have undergone significant changes. A few years ago, numerous new projects entered the market, but today, only a small number continue to grow, while many others struggle to attract users and developers. Recent data shows that Base has become the largest Ethereum Layer 2 network by DeFi total value locked (TVL), holding approximately 46.6% of all Layer 2 DeFi TVL. Arbitrum and Optimism also remain major players, with Arbitrum controlling around 30.9% of Layer 2 DeFi TVL.

💡 The consolidation of Ethereum Layer 2 networks highlights the importance of ecosystem strength and developer support in determining a project's long-term success. The dominance of Base and Arbitrum underscores the value of established partnerships and reputation in attracting users and capital, while Optimism's broader approach demonstrates the potential benefits of collaborating with other chains to drive innovation and growth.

Humanity Protocol Gets Hacked, H Token Crashes Over 87% in Hours

Humanity Protocol, a crypto project focused on online identity verification, suffered a significant breach on June 9, 2026. An attacker compromised a member's private key, draining at least 17 wallets and causing losses of over $32 million. The attacker swapped $23.7 million of stolen H tokens for Ethereum and minted 100 million new H tokens on the BNB Chain. As a result, the H token price plummeted from $0.70 to $0.08, a drop of over 87% in under 12 hours. Founder Terence Kwok confirmed the breach and urged users to avoid the bridge and liquidity pools.

SpaceCoin launches satellite IoT proof of concept with South Africa’s BCX

Decentralized satellite internet project SpaceCoin has launched a proof of concept with South African ICT firm BCX to test satellite-based Internet of Things connectivity. The collaboration has received approval from South Africa's communications regulator, ICASA, ensuring the project complies with local laws. SpaceCoin will supply satellite and terrestrial communication technology, while BCX will handle local regulatory approvals and on-site testing. The project aims to address gaps in Africa's digital infrastructure, particularly in underserved areas. SpaceCoin is also pursuing similar initiatives in other countries, including Kenya, Nigeria, Indonesia, Cambodia, and Vietnam, as part of its broader regional strategy to provide connectivity.

💡 SpaceCoin's proof of concept could demonstrate a viable alternative to traditional telecom providers, reducing reliance on centralized networks. ICASA's approval lends credibility to the project, paving the way for potential expansion in Africa.

KAST chooses Elliptic digital asset decisioning for global AML and sanctions compliance

KAST, a stablecoin-powered financial platform, has chosen Elliptic's digital asset decisioning for global anti-money laundering (AML) and sanctions compliance. The platform enables over 1 million users to send, receive, and convert funds across borders, currencies, and payment rails. This decision is expected to enhance KAST's ability to detect and prevent illicit financial activities, ensuring a secure and compliant experience for its users.

💡 KAST's adoption of Elliptic's digital asset decisioning underscores the growing importance of AML and sanctions compliance in the digital asset space. By prioritizing security and regulatory adherence, KAST is setting a precedent for other fintech companies to follow, potentially raising the bar for industry-wide standards.

Solana Hits 2023 Lows Amid Panic Selling: Is the 7% Drop Just…

Solana's price has dropped to its 2023 lows, with a 7% decline in one day, amid panic selling and a broader crypto market crash. The cryptocurrency's market value stands at nearly $38 billion, with a daily trade volume of over $2.7 billion. Large SOL transfers to exchanges, including 1.35 million SOL worth over $84 million to Coinbase, have increased fear of heavy selling pressure. The $60 support zone is crucial for Solana's next major price move, with a potential sharp decline if it falls below this level. Solana's price remains over 20% lower compared to last week.

💡 Fresh supply from token unlock events puts pressure on the market as traders fear holders may sell quickly. The $60 support zone is critical to preventing further decline and potential liquidations.

How crypto and blockchain technologies could transform the real estate industry in…

The real estate industry in Mississippi is significant, but it relies heavily on manual processes and paper-based records, making it prone to fraud and errors. Blockchain technology and crypto aim to transform the industry by introducing transparency and automation. The median home price in Mississippi is around $268,000, and the industry has been plagued by forgeries and fraud. Blockchain technologies, such as VeChain, have revolutionized the industry with tokenization of property and automated transactions. The adoption of blockchain in real estate has been accelerating, with a 13% year-over-year growth in 2025. Mississippi's adoption is still in its early stages, but the momentum suggests local markets may increasingly interact with blockchain-powered systems.

💡 Blockchain technology can significantly reduce property fraud, which totalled over $250 million in 2025, by introducing a single, shared source of truth for land records. Increased transparency and automation can help mitigate the growing issue of property crimes in Mississippi.