Cryptocurrency
Telos Partners with Ponos Technology to Develop Hardware-Accelerated Ethereum L2 zkEVM Network

[PRESS RELEASE – Dubai, United Arab Emirates, April 19th, 2024]
The Telos Foundation today announced that it will work with Ponos Technology, the leading Zero Knowledge Proof (ZKP) research and development firm, to develop an end-to-end optimized, hardware-accelerated Ethereum Layer 2 network featuring SNARKtor, the Telos-developed decentralized recursive proof aggregator. The teams will take a hardware-software co-design approach that will help unlock new possibilities in terms of massive scalability, greater data protection and trustless interoperability for Ethereum users globally.
Ponos Technology provides end-to-end optimized solutions for ZK proving, which is essentially achieved by leveraging FPGA acceleration, thus maximizing business value streams through cost-performance optimized computation by matching hardware-software co-designed modules and dedicated execution environments. The team includes a unique blend of experienced scientists and highly skilled industry experts that have accumulated deep technical knowledge on all aspects of ZKPs.
“Zero Knowledge technology is going to become increasingly mainstream and can open the door to increased efficiency and security across so many industries,” said Slobodan Lukovic, CEO and co-founder, Ponos Technology. “Similarly to AI, steady enhancements in algorithms coupled with advancements in underlying hardware infrastructures will enable commoditization of ZKPs and result in the technology being widely adopted in the near future.”
Telos will also be working with several other new partners during the development cycle, including:
- Digital M.O.B. – One of the strongest Ethereum developer teams in the world, having worked on projects including MetaMask, MakerDAO and Gnosis, among others.
- ATKA – A Paris-based end-to-end Web3 incubator that has helped incubate world class projects such as Morpho and Mangrove, and whom Telos announced a strategic partnership with in March 2024.
- Cometh – An award-winning dev team led by ETH France President Jerome de Tychey, who joined Telos as a technical EVM advisor also in March 2024.
Telos Executive Director John Lilic, who helped lead pioneering teams at Consensys and Polygon in addition to maintaining his role as a Top 50 Web3 angel investor, will help coordinate and support the transformation. He will work closely with Alberto Garoffolo, Head of ZK technology at Telos and co-author of the SNARKtor whitepaper, and Jesse Schulman, CTO and Head of Engineering at Telos.
“Fundamentally, Ethereum will need to take a hardware-software co-design approach in order to realize zkEVM performance at tremendous scale,” said Lilic. “That’s the approach we’re taking with Ponos Technology and our growing partner network as we build a hardware-accelerated zkEVM L2. We believe that this formula, alongside the exciting work our team is doing with recursive proofs via SNARKtor, is going to offer compelling services to the Ethereum community and beyond.”
Telos was created in 2018 through a fair drop network launch that did not include an ICO nor token sale. Over the past six years, the Telos Foundation has helped steward the development of two primary networks – Telos EVM and Telos Zero – and will now also focus on building a highly performant and succinctly provable L2 zkEVM.
Additional details on the Telos L2 will continue to be announced in the lead up to EthCC in July, for which Telos is a primary sponsor. Live in Brussels from EthCC, the Telos team plans to broadcast its first-ever demo of SNARKtor to the world as a precursor to the official launch of the Telos L2.
About Telos
Telos is a decentralized blockchain ecosystem that includes Telos EVM, which tested as the fastest Ethereum Virtual Machine globally, and its high-speed consensus layer, Telos Zero. The project is also focused on expanding its capabilities with novel Zero Knowledge technology through the development of a hardware-accelerated Ethereum Layer 2 network powered by SNARKtor, which promises to enhance privacy and scalability for global use cases. Telos is overseen by The Telos Foundation, an ownerless foundation dedicated to advancing the Telos blockchain network and its community.
LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!
Cryptocurrency
3 Months Post-Launch: Nexchain’s AI-Powered Blockchain Gains Traction as One of the Best Presale Cryptos in 2025

Nexchain is leading the next wave of blockchain innovation by integrating artificial intelligence directly into its core architecture. Launched as the world’s first AI-powered blockchain platform, Nexchain aims to solve long-standing challenges in speed, scalability, and decentralization.
At the heart of this ecosystem is the NEX token, now in an active presale in stage 14. Whether it’s powering AI services, enabling lightning-fast smart contract execution, or connecting dApps across multiple blockchains, Nexchain sets a new benchmark for what Web3 platforms can achieve.
With a successful presale already underway, Nexchain is quickly trying to position itself as one of the best crypto presales in 2025.
Nexchain Brings AI to the Blockchain World
Nexchain is the first AI-powered blockchain platform that leverages machine learning to deliver lightning-fast, highly secure, and adaptable network operations. Built to overcome the limitations of traditional blockchain systems, Nexchain introduces a hybrid consensus model that merges Proof-of-Stake with AI algorithms. This combination ensures real-time optimization, network stability, and maximum efficiency for every transaction and smart contract.
One of Nexchain’s defining features is its unmatched transaction throughput—up to 400,000 transactions per second. This speed is achieved through parallel processing and predictive resource allocation, allowing for instant transfers even under heavy network load. It positions Nexchain as a go-to platform for DeFi, gaming, and AI-based decentralized applications.
Another core advantage is Nexchain’s low fees. Thanks to its energy-efficient architecture and AI-enhanced operations, the platform offers transaction costs as low as $0.001. This makes it accessible to users and developers across all markets.
Finally, Nexchain supports true interoperability. Through cross-chain bridges and seamless blockchain integrations, Nexchain enables developers to create dApps that connect across multiple networks.
From Ethereum to Solana, Nexchain ensures fluid communication and asset transfer across platforms. Combined, these features make Nexchain a powerful, future-ready platform that aligns AI with decentralized finance and development.
NEX Token Presale Gains Momentum
The NEX token is the engine that powers the entire Nexchain ecosystem. Currently priced at $0.054, it has entered its 13th stage of presale and has already raised $2.6 million. This steady fundraising success reflects strong investor confidence in Nexchain’s AI-powered blockchain vision.
NEX serves multiple functions within the platform. It is used to pay transaction fees, stake in the network’s hybrid consensus mechanism, access AI services, and participate in decentralized governance. Token holders can vote on proposals and upgrades and even influence how resources are allocated within the platform, empowering the community from the ground up.
With each presale stage, the token’s price increases, potentially rewarding early adopters and encouraging long-term participation. Given its technical capabilities and real-world utility, NEX is more than just a token—it’s a core component of a scalable, intelligent blockchain network.
As demand for AI-integrated solutions grows, the team behind Nexchain is attempting to position its fundraise as one of the top crypto presale opportunities of 2025.
Nexchain Emerges as a Top Crypto Presale for 2025
With over $2.6 million raised and a rapidly growing user base, Nexchain is making a strong case as one of the more interesting presale tokens of 2025. It combines the speed and scalability of advanced blockchain systems with the intelligence and adaptability of artificial intelligence—something few other platforms can offer.
As the NEX token fuels every layer of the network, from staking and governance to smart contract execution and AI service payments, it offers tangible value to holders from day one. Its low transaction fees, ultra-fast performance, and cross-chain capabilities make it highly relevant in today’s fast-evolving crypto economy.
What sets Nexchain apart is its focus on long-term utility, developer support, and community empowerment. Rather than chasing trends, it is building foundational infrastructure for the AI-powered Web3 era. For investors looking for a future-proof crypto project with real-world potential, Nexchain stands out as one of the more interesting projects of the year.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
XRP and DOGE ETFs Face SEC Review Extension as Public Comment Sought

The US Securities and Exchange Commission (SEC) has extended its review timeline for proposed spot cryptocurrency exchange-traded funds (ETFs), tied to XRP and DOGE.
After temporarily halting decisions originally slated for May 21 and 22, the Commission is now seeking public comments on them.
Ruling on XRP, DOGE ETFs
The delay affects the 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust. All three aim to offer investors exposure to their respective digital assets via ETF shares backed exclusively by XRP or DOGE, with index tracking and custodial services provided by industry-standard partners such as Coinbase Custody and CoinDesk Indices.
While the SEC has stated that this move does not suggest a leaning toward approval or denial, it is calling for public comments to assess better whether the proposals meet the standards of investor protection and market integrity outlined in the Exchange Act.
In the filings, the agency explained,
“Institution of proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. The institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.”
Besides, the agency also postponed a decision on Bitwise’s proposal to allow staking in its Ethereum ETF, continuing a trend of extended timelines as the SEC sifts through an increasing number of crypto-related filings.
ETF Delays Are Routine, Not Surprising
Industry observers, including Bloomberg ETF analyst James Seyffart, weighed in on the SEC’s latest delay and noted that such extensions are routine. According to Seyffart, while several XRP-related products have upcoming review dates, early approvals are unlikely.
He added that the securities watchdog typically uses the full allotted time to evaluate 19b-4 filings, making October the more realistic window for final decisions. Seyffart also said that any approvals before late June or early July would be considered unusual, regardless of the SEC’s current stance toward crypto. In his view, early action, not delays, would be the real deviation from standard regulatory procedure.
Seyffart even went on to say that Litecoin ETF has a “higher likelihood” of getting approved first before all the other crypto ETFs.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
Ethereum Shows No Spike in Network Engagement Despite Successful Pectra Upgrade

It’s been exactly two weeks since Ethereum successfully completed its Pectra upgrade, but the network has yet to feel the impact of the hard fork on user engagement.
According to an analysis by crypto data and insights platform Glassnode, Ethereum has not registered any new or returning users so far. In fact, user engagement has plunged since developers deployed the upgrade.
What Did the Pectra Upgrade Do?
Pectra introduced 11 Ethereum Improvement Proposals (EIPs) geared towards improving user experience and creating a future-proof network. The upgrade brought the execution and consensus layers together after incorporating a range of technical improvements.
Following the success of Petra, traditional crypto wallets, also known as externally owned accounts, now behave like smart contracts, enabling account abstraction. Validators can stake more than 32 ether (ETH) and up to 2,048 ETH, while there is enhanced compatibility between layer-1 and layer-2 chains.
In addition, there are reduced data verification costs for layer-2 rollups, and nodes can verify large data availability without a full download. Users can also sponsor transaction costs and pay gas fees in crypto assets other than ETH.
It is worth mentioning that Pectra was initially scheduled to go live on April 30. However, several technical and finality issues resulted in developers pushing the date forward to May 7.
Ethereum User Engagement is Down
Since Petra went live, the average number of new and resurrected addresses has fallen compared to their year-to-date (YTD) values. New Ethereum addresses have fallen 1.8%, while the resurrected ones have plummeted 8.4%.
However, churned addresses have also declined by 8.5%. Churned addresses refer to wallets that previously held ETH but have reduced their balance to zero. This often happens when more users embrace private crypto storage options. Although Pectra has not brought in new or returning users so far, the plunge in churned addresses raises the question of whether this is part of a broader cycle trend, which remains to be seen.
Meanwhile, Ethereum’s Realized Cap shows a reversal in a downward trend seen in the last three months. Glassnode noted that the metric, which tells the total capital stored in ETH, has risen from $240.8 billion to $244.6 billion since May 7, reflecting a $3.8 billion or 1.6% rise.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
How is the Australian dollar doing today?
- Forex3 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- World3 years ago
Why are modern video games an art form?
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Economy3 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions