Crypto broker DeltaPrime has seemingly fallen victim to a $4.7 million hacker attack, for the second time since September.

DeltaPrime, a decentralized crypto protocol backed by Avalanche and GSR Markets, has allegedly lost $4.75 million worth of tokens as multiple pools on Arbitrum were drained, blockchain analysts warn.

Binance Labs, the venture capital arm of Binance, has announced its investment in BIO Protocol, a platform designed to help early-stage scientific research startups access decentralized funding opportunities.

The investment sees Binance, powered by the native token BNB (BNB), make its first foray into decentralized science, the platform said in an announcement on Nov. 8.

According to Binance Labs, BIO Protocol is the equivalent of the “Y Combinator of on-chain science”, a reference to the U.S.-based VC firm and startup accelerator.

BIO Protocol advances the DeSci sector by providing a platform for scientists and investors to access collective funding and co-ownership opportunities.

The platform currently operates through a network of seven biotech decentralized autonomous organizations, (also known as BioDAOs) covering areas such as women’s health, mental health, and cryopreservation.

“BIO Protocol represents a significant step forward in DeSci by merging biotechnology and DeFi,” Andy Chang, investment director at Binance Labs, said. “At Binance Labs, we are dedicated to unlocking groundbreaking advancements that drive long-term, real-world impact by supporting projects building meaningful technology – an approach that closely aligns with our investment in BIO”.

The BIO Protocol team plans to use the funding to expand its BioDAOs further, with seed funding available for new entities. BIO will also offer community and tokenomics support as it seeks to broaden its presence and impact in scientific funding.

Binance Labs has recently increased its footprint in the VC ecosystem, backing multiple projects in various industry fields. This includes the investment platform’s backing of Lombard, a Bitcoin (BTC) liquid staking platform.

The crypto and blockchain-focused venture capital provider has also invested in Solana (SOL) staking protocol Solayer and Telegram mini-app Blum.

Eclipse Foundation announced on Nov. 7 that Eclipse, a Solana Virtual Machine-powered layer-2 on Ethereum, had launched its public mainnet.

The milestone is a key step in Eclipse’s quest to bring the best of both Ethereum (ETH) and Solana (SOL) to users, Eclipse Foundation said in a press release.

Vijay Chetty, CEO of Eclipse, noted that bridging these leading networks for decentralized applications and finance could drive a new wave of ecosystem development. Key areas likely to see growth from increased dApp activity include DeFi, consumer applications, and gaming.

“Eclipse is uniquely positioned as the first solution to bridge the gap between Solana and Ethereum, offering a powerful platform that caters to both communities. Our goal is to empower developers from both ecosystems to build and scale their dApps like never before, unlocking new opportunities across the largest networks in the industry.”

Vijay Chetty.

Eclipse’s launch of the layer-2 public mainnet follows its developer-focused mainnet release in October. Since then, the platform has expanded its ecosystem by integrating projects such as Orca, Nucleus, and Save.

Developers on Eclipse can utilize Solana’s parallel execution capabilities and Ethereum’s liquidity and security, alongside access to Ethereum’s vast user community and asset base. Eclipse’s architecture enables developers to leverage the Solana Virtual Machine for scaling and enhanced user experiences.

As a result, Eclipse aims to eliminate the previous fragmentation that required developers to choose between the two ecosystems.