Cryptocurrency
ZK-proof Web3 infrastructure developer gets backing from Binance Labs

Zero-knowledge proof technology continues to garner interest and investment as Binance Labs becomes the latest firm to invest in ZK-proof-powered infrastructure developed by Delphinus Lab.
Binance’s venture capital arm announced a strategic investment into Delphinus Lab’s zero-knowledge WebAssembly (zk-WASM) virtual machine. The zk-WASM is being labeled as the first known open-source virtual machine to support ZK computation and application software development kits.
Cointelegraph can exclusively reveal that Binance Labs is investing $2.2 million into Delphinus Lab, with the funds set to facilitate the ongoing development of its application rollup platform, zkWASM Hub, which will provide automated proving and batching services for Web3 applications.
We’re excited to announce we’ve invested in @DelphinusLab!
Delphinus Lab is an infrastructure provider that has implemented the first known open-source zkWASM virtual machine that supports trustless computation and application SDKs.https://t.co/geWtkfBShm
— Binance Labs Fund (@BinanceLabs) August 21, 2023
WebAssembly (WASM) remains an important cog across the wider internet as a virtual machine that allows code from popular programming languages to be run natively on web browsers. WASM was developed in a collaboration including Google, Mozilla, Microsoft and Apple in 2017.
The infrastructure aims to facilitate the development of ZK applications across different developer languages that can be deployed across WASM-supported environments. ZK-proof technology is widely touted to increase the security and privacy of decentralized applications.
The zkWASM Hub will also allow developers to distribute GitHub applications into its ecosystem through its auto-compilation and updating service.
Related: Zero-knowledge proofs coming to Bitcoin, overhauling network state validation
Binance Labs also noted that Delphinus Lab has implemented several application-specific software development kits in different languages across multiple applications. This includes dynamic programmable nonfungible tokens, fully on-chain games, high-performing trustless Central Limited Order Book (CLOB) and trustless oracles.
A statement from Delphinus Lab founder and CEO Sinka Gao highlighted the firm’s hopes to see Web3 decentralized applications created that combine Web2’s “robustness” with Web3s “decentralized, trustless” nature:
“Our zkWASM Hub introduces a streamlined multi-chain execution layer for developers to easily deploy and manage their WASM-backed apps in a dynamic rollup environment.”
Binance Labs also noted that it was looking to employ its venture funds into the wider ecosystem with a focus on projects that enable scalability while looking into application layers that could onboard more users to Web3.
The spokesperson added that its investment focus was on innovative technology and critical infrastructure to power new sectors. This includes modular blockchain, liquid staking decentralized finance protocols and ZK-proof solutions.
Related: Are ZK-proofs the answer to Bitcoin’s Ordinal and BRC-20 problem?
As Cointelegraph has explored at length, ZK-proof technology has proved to be influential in helping scale the Ethereum ecosystem. A number of prominent companies, including the likes of Consensys, Polygon and ZK-proof pioneers StarkWare, have been at the forefront of ZK-powered technologies and infrastructure development.
Decentralized Web3 data service Space and Time is using ZK-proof technology to cryptographically verify information queries within its ecosystem. The firm’s Proof of SQL generates a succinct non-interactive argument of knowledge, or SNARK, cryptographic proof of a query within its decentralized data network, allowing users to trust that a data query is accurate and has not been manipulated.
Magazine: ZK-rollups are ‘the endgame’ for scaling blockchains: Polygon Miden founder
Cryptocurrency
Ripple (XRP) Price Predictions, Recent Cardano (ADA) Developments, and More: Bits Recap June 13

TL;DR
- ADA is down for the day, but essential developments, such as whale purchases and ecosystem progress, can have a positive impact on the price.
- XRP trades near $2.14, with bullish targets ranging from $2.80 to $10, while Ripple’s case versus the US SEC nears resolution.
- ETH fell back to around $2,500. Analysts remain cautiously bullish, noting that $2,380 is a crucial support zone.
What’s New Around ADA?
Cardano’s native token suffered the negative consequences of the geopolitical tension caused by the conflict between Israel and Iran, with its price plunging by over 7% in the last 24 hours and currently trading at around $0.63.
Some prominent analysts on X took notice of the decline, warning that a further plunge could be incoming. Nebraskangooner, for instance, claimed that “the head and shoulders” price pattern is “potentially breaking down,” suggesting this could lead to a correction below $0.50.
However, some important developments that took place earlier this week indicate that all hope isn’t lost for the bulls. On June 10, Ali Martinez revealed that Cardano whales (those holders having between 100 million and 1 billion tokens) bought 120 million ADA in the span of just 48 hours. Back then, the USD equivalent of the stash was approximately $85 million.
Another bullish factor is the development of the Cardano ecosystem. A few days ago, the project’s founder, Charles Hoskinson, announced Cardinal – the first Bitcoin DeFi protocol on Cardano, which allows people to use BTC for staking and lending on the platform, with no custody required.
XRP’s Price Targets
Ripple’s cross-border token was also hit by the latest correction. It currently trades at roughly $2.14, representing a 5% decline on a daily scale.
X user CRYPTOWZRD noted that XRP’s performance is similar to other major altcoins, arguing that “anything is possible from this level.”
The analyst said the main daily support target is $2, claiming a bullish reversal to the $2.80 resistance level isn’t completely out of the question. However, it will heavily depend on a breakout above the daily lower high trend line.
Another industry participant who has recently touched upon the matter is the X user Cobb. Earlier this week, the analyst forecasted that XRP’s next leg “is going to be brutal,” suggesting the price could exceed a staggering $10 per coin.
Meanwhile, it appears that Ripple and the US Securities and Exchange Commission (SEC) are nearing an official resolution of their court dispute. Some experts, though, believe the eventual conclusion of the legal battle is unlikely to trigger any substantial volatility for XRP.
How About ETH?
The price of the second-largest cryptocurrency surged to nearly $2,900 on June 11, marking the highest level since February. Currently, though, it is worth around $2,500, representing a 13% decline from the local top.
Despite the downtrend, multiple market observers remain optimistic that Ethereum (ETH) is poised to reach significant peaks, and “no war can stop it.”
$ETH to $4,000 is programmed.
No war that can stop it. pic.twitter.com/jPAAeiFoEt
— TraderPA (@Trader1PA) June 13, 2025
The X user DevKhabib also chipped in, claiming that ETH “is still in a good area” despite the ongoing unfavorable conditions. The trader, though, expressed concerns about a potential plunge below $2,380, saying it has proven to be strong support for now.
Earlier this week, Ali Martinez opined that investors should turn bullish only after a sustained close above $2,750. Failing that, he projected a potential drop toward $2,500 or possibly as low as $2,380.
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
Trump Urges Iran to Sign Nuclear Deal Before ‘There’s Nothing Left:’ How Will BTC Price React?

US President Donald Trump said he urged the Iranian authorities to sign the nuclear deal; otherwise, the situation might escalate.
BTC’s price has already experienced substantial volatility after the initial Israeli missile strikes against Iran, but has recovered some ground and now stands close to $105,000.
Trump said on his own social media platform that he “gave Iran chance after chance to make a deal. I told them, in the strongest words, to “just do it,” but no matter how hard they tried, no matter how close they got, they just couldn’t get it done.”
The POTUS blamed it on a certain “Iranian hardliner” who spoke “bravely,” but noted that all of the top military personnel are now dead. Consequently, Trump urged the nation’s leaders to sign the nuclear deal once again, or the situation could worsen.
“The United States makes the best and most lethal military equipment anywhere in the World, BY FAR, and that Israel has a lot of it, with much more to come – And they know how to use it.”
He warned that the next planned attacks will be even more brutal and Iran should make a deal before “there is nothing left, and save what was once known as the Iranian Empire.”
Israel’s strike earlier this morning led to immediate price volatility across all financial sectors. While oil went up, the ever-volatile crypto market plunged, with BTC dumping below $103,000 for the first time since last Friday.
However, the asset has recovered some ground and now stands close to $105,000. Investors should be aware that more volatility is likely to follow if the tension between the US, Iran, and Israel further escalates.
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
Crypto Price Analysis June-13: ETH, XRP, ADA, SOL, and HYPE

This week, we examine Ethereum, Ripple, Cardano, Solana, and Hype in greater detail.
Ethereum (ETH)
Ethereum began the week on a strong footing by testing the $2,800 resistance following a 10% rally. However, this suddenly came to a stop in the past 24 hours after Israel bombed Iran. The geopolitical tension pushed the whole crypto market down, and ETH erased much of its recent gains, closing the week with a modest 1% gain.
The price briefly visited the $2,400 support during its recent drop and is hovering around $2,500 at the time of this post. Hopefully, buyers will defend this support level as a breakdown here could open the way to $2,000 next.
With the market on edge due to the geopolitical context, volatility could continue to be high. So far, ETH has made a higher low, and on Wednesday, it made a higher high. This supports a bullish bias as long as the key support holds.
Ripple (XRP)
XRP reversed on Monday and turned bearish when it was rejected at the $2.3 resistance. With sellers taking back control, the last four daily candles closed in red, which brought the price back to the $2 support. This is why XRP closed the week in red with a 1% loss.
While this is not too concerning, the support at $2 has to hold if this cryptocurrency hopes to make higher highs later. The current momentum is bearish, but due to the low volume, sellers don’t seem interested in doing much more at this time.
Looking ahead, this cryptocurrency remains stuck in a tight range with low volatility. This has been ongoing for months, and there has been no decisive breakthrough to date. This is likely to continue to suppress the price.
Cardano (ADA)
ADA tried to distance itself from the $0.64 support, but in the past three days, sellers brought it back to this key level, closing the week with a 2% loss.
Ит struggled throughout May and June, and it has not been much better to date. This supports a bearish bias with momentum favoring sellers at this time. The daily MACD also turned bearish today which could put in danger the current support.
Looking ahead, if Cardano can’t hold its price above $0.64, then it could revisit $0.5 in the near future. This is a level where buyers returned in the past. Hopefully, they do it again if the key support is lost.
Solana (SOL)
Solana gave market participants a brief excitement when its price moved above $152, which used to act as a resistance. However, that did not last, and in the past three days, sellers returned and pushed it under $150.
With a lower low confirmed, the downtrend for Solana is likely to continue. If so, the next major support levels will be found at $130 and $118. The momentum indicators, such as the daily MACD and RSI, also remain bearish at this time.
If nothing changes in the days to come, which is unlikely considering the wider market context, then SOL has a good chance to revisit $130. This is a level that could attract buyers and lead it into a relief bounce.
Hype (HYPE)
HYPE made waves in the past few months, and this week is no different. It made a new all-time high at $44 and closed this week with a 15% gain. This makes it the best performer on our list and across most of the market.
This achievement also got HYPE next to ADA in terms of market cap on sites such as CoinMarketCap. If this performance continues, HYPE is well placed to challenge ADA or even TRX and DOGE in the future.
Looking ahead, HYPE remains in a clear uptrend with key resistances at $41 and $44, at the time of this post. The support level is found at $38, and the price bounced on it during its most recent pullback. If the rally continues, then expect new record prices in the future.
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!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex3 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Forex3 years ago
How is the Australian dollar doing today?
- 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