CryptoMemento
3 min readApr 10, 2024

Weekly Dose of Bitcoin L2 #April 10th, 2024

Hello friends,

This week, some of the busiest individuals in the crypto industry have been active in Hong Kong.

The Bitcoin momentum in Hong Kong is strong!

The region has become a hub of activity for cryptocurrency enthusiasts, investors, and businesses. With its strategic location and supportive regulatory environment, Hong Kong has attracted a significant number of blockchain projects and crypto startups.

The next stage is Dubai!

Top Stories

From Binance NFT official announcement: Binance NFT will cease support for trades and deposits of Bitcoin NFTs at 2024–04–18 06:00 (UTC). Binance NFT Marketplace will not support any further airdrops, benefits, or utilities associated with Bitcoin NFTs after 2024–04–10.

Bitlayer released technical white paper.

ZKSats fair mint is live.

NeonNexus, the first native perpetual exchange on Rollux Testnet Faucet Now Live!

Biop V1 Whitepaper: Bitcoin L2 Blockchain based on Optimistic Rollup Protocol for Decentralized Computing.

Openbit unveiled the first version of its Whitepaper.

OpenBit — Pump Liquidity in Bitcoin.

Taproot Chain has completed the development of cross-chain and interactive functionalities for inscriptions.

LeverFi announced OmniZK, a Secure Validation Protocol That Expands Scalability, Logic Construction and Interoperability for Bitcoin.

Here ia the full list of Bitcoin Layer 2s funding news: Zulu Network, UTXO Stack.

Zulu Network Secures $3 Million in Pre-Seed Funding to Revolutionize Bitcoin Layer 2.

https://medium.com/@zulu_network/zulu-network-secures-3-million-in-pre-seed-funding-to-revolutionize-bitcoin-layer-2-5aeb7c39fa34

UTXO Stack Secured Major Seed Funding.

https://chainwire.org/2024/04/04/utxo-stack-pioneering-bitcoin-layer2-solution-secures-major-seed-funding/

Top Opinion

Here is a full list of cross-bridge for Bitcoin, which offer a superbridge to Bitcoin ecosystem: Polyhedra Network, Socket, XLink, DLC.Link(dlcBTC), XRGB, Nomic(nBTC).

Polyhedra Network designs and develops scalable and efficient zero-knowledge proof protocols for large-scale ZKP systems with distributed computing networks.

Socket is an interoperability protocol which powers seamless asset & data transfers for apps across blockchains.

XLink bridges All Bitcoin Layer 2s.

XRGB: Bridge BRC20 & RGB20 to ERC404 on EVM chains, boosting Bitcoin asset liquidity.

Nomic(nBTC) bridges Bitcoin on Cosmos.

Valuable Research

Last week, we have read about Games and Metaverse in the Bitcoin Ecosystem. This week, the community seeks to study BitVM 2.

DLC and Its Optimization Considerations

筹码结构剧变,低谷数月的Atomicals协议发生了什么?本文涵盖了Atomicals 生态格局变化,以及AVM 的开发进展。

New Tool or Website

Getting Started with Bitcoin: List of Top Bitcoin Layer 2 Networks

Intro: Discover 70+ key players and how their innovations enhance Bitcoin ecosystem growth and utility: BTC L2s, DeFi protocols, Ordinals markets & wallets, More.

Jobs in the space

OK, that’s all for this week.

Questions or more feedback? Get in touch with us here. DM always open for everyone!