Binance News: Hemi Labs Unveils $440M Mainnet Aimed at Unifying Bitcoin and Ethereum

In a significant development in the cryptocurrency space, Hemi Labs has made a splash with the launch of its mainnet, backed by a total value locked (TVL) of $440 million. This modular blockchain project, supported by Binance Labs, aims to merge Bitcoin and Ethereum into a single supernetwork, blending the strengths of both blockchain giants.

Hemi Debuts $440M Mainnet to Unify Bitcoin and Ethereum

Hemi Labs, a modular blockchain backed by Binance Labs, has unveiled its mainnet with $440 million in total value locked (TVL). Founded by early Bitcoin developer Jeff Garzik, Hemi plans to unify Bitcoin and Ethereum into a single supernetwork, combining the best qualities of both blockchains. The project takes advantage of Bitcoin’s security and Ethereum’s programmability. Hemi raised $15 million in a funding round led by Binance Labs last September.

OKX Expands EU Reach with MiFID II Entity Acquisition

OKX, a global blockchain technology company, announced its acquisition of a Markets in Financial Instruments Directive (MiFID II) licensed entity at a private event in Malta. The new entity is expected to become operational later this year, pending approval from the Malta Financial Services Authority (MFSA). Erald Ghoos, OKX Europe CEO, stated that securing a MiFID II license marks a significant milestone in integrating digital assets with traditional financial markets, strengthening their position in Europe, and underscoring their commitment to regulatory compliance, security, and innovation. This acquisition enables OKX to offer regulated derivative products and services to institutional clients across Europe.