Binance Labs, the investment branch of Binance, the leading cryptocurrency exchange, has made a key investment in Brevis, a platform focused on zk-coprocessors.
Brevis is designed to enhance decentralized applications (dApps) by enabling secure, off-chain computations using historical blockchain data.
Andy Chang, Chief Investment Officer of Binance Labs, highlighted Brevis’ ability to significantly extend blockchain capabilities without relying on additional trust layers.
He pointed out that current smart contract systems are limited in computational power and data access, while Brevis’ asynchronous architecture can greatly improve blockchain functionality.
This investment aligns with Binance Labs’ goal of fostering early-stage Web3 innovations.
Brevis co-founder Michael Tung expressed excitement about the partnership, noting that Binance Labs’ support will help the platform bridge the gap between off-chain computing and on-chain trust. This will unlock new opportunities for data-driven decentralized applications.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.