Schlagwort: crypto business

• The ZKsync team has announced the launch of its Atlas upgrade.
• Atlas is designed to boost transaction finality to one second.
• ZK price rose 7% amid the news, and bulls look poised for more.

ZKsync has unveiled its Atlas upgrade, promising near-instantaneous zero-knowledge (ZK) finality to enhance enterprise adoption and high-throughput applications.

This milestone arrives amid a robust week for the ZK token.

Per the latest data, ZK has spiked more than 20% in the past week as investor confidence reemerges across the market.

What is ZKsync’s Atlas upgrade?

ZKsync, developed by Matter Labs, has long been at the forefront of ZK rollup technology, enabling secure and efficient scaling of Ethereum.

The Atlas upgrade, rolled out on October 6, 2025, represents a pivotal evolution of its ZK Stack framework.

Specifically, the Atlas upgrade bolsters the ZKsync network as the protocol looks to meet the demands of institutional and enterprise users transitioning operations on-chain.

At its core, Atlas introduces a high-performance sequencer engineered to process between 25,000 and 30,000 transactions per second, a leap that addresses longstanding bottlenecks in blockchain throughput.

ZKsync says central to the upgrade is the integration of Airbender, an innovative proving system that achieves sub-second confirmations for ZK proofs.

“Applications such as onchain order books, perps, exchanges, and AMMs depend on fast finality to reduce risk. Airbender allows systems to verify and settle extremely quickly,” the platform wrote in a blog post.

Per ZKsync, it is proofs, and not intermediaries, that carry trust across domains.

“Anyone (chain operators, exchanges, even a user’s mobile device) can quickly verify a succinct proof and act with confidence. This is also how private chains can keep user data private while still composing with public liquidity, revealing only the ZK proof of correctness.”

ZK price forecast

The ZK token, native to the ZKsync ecosystem, has shown promising momentum amid the past week’s crypto market bounce.

ZKsync looks poised to continue higher as the Atlas upgrade goes live.

Notably, bulls have retested the critical resistance level at $0.06.

Intraday highs of $0.062 saw buyers come close to breaching a supply wall at $0.065, in place since Sept. 13.

Gains of 7% in the past 24 hours and 20% over the past week show bullish momentum.

With on-chain activity higher and the upgrade’s implications for scalability apparent, an influx of liquidity into the ecosystem will likely catalyse a ZK price uptick to $0.1.

Bulls will target the psychological $1 mark.

However, downside risks persist if the broader market sentiment flips amid profit-taking.

Conditions across the risk assets market will be critical to traders.

The post ZKsync introduces Atlas upgrade for one-second finality: what this means for ZK price appeared first on CoinJournal.

• BNY Mellon explores blockchain-based tokenized deposits to modernize payment infrastructure.
• JPMorgan and HSBC have launched tokenized deposit pilots for faster, cheaper cross-border transfers.
• Global banks embrace blockchain as new regulations boost confidence in digital asset innovation.

The Bank of New York Mellon Corp. (BNY Mellon) is exploring the use of tokenized deposits as part of its ongoing efforts to modernize its payments infrastructure.

The initiative aims to enable clients to make payments using blockchain technology, reflecting a broader shift among global financial institutions toward the adoption of digital asset frameworks.

According to Carl Slabicki, Executive Platform Owner for Treasury Services at BNY Mellon, the project aligns with the bank’s work to enhance real-time, instant, and cross-border payments.

Tokenized deposits, he said, could allow banks to “overcome legacy technology constraints,” streamlining the movement of deposits and payments both within their own ecosystems and, eventually, across the wider financial market as industry standards mature.

BNY Mellon’s treasury services business processes approximately $2.5 trillion in payments daily, underscoring the potential scale and impact of this innovation.

The bank views blockchain as a tool for making transactions faster, more efficient, and more secure — a vision shared by several leading players in the global banking sector.

Banks advance toward blockchain-based payments

Tokenized deposits are essentially digital representations of customer deposits, offering a claim against a commercial bank.

Unlike traditional transfers that may take days to settle, transactions using tokenized deposits are processed on blockchain rails, enabling instantaneous settlement.

Advocates say this model could lower costs and allow transactions to occur 24 hours a day, seven days a week.

BNY Mellon’s move follows similar experiments by other major institutions.

JPMorgan Chase & Co. launched a pilot program in June for its own token, JPMD, which represents US dollar deposits at the bank.

Meanwhile, HSBC Holdings Plc rolled out a tokenized deposit service in September, giving corporate clients the ability to transfer currencies across borders more efficiently and securely.

In Europe, the momentum has extended to collaborative efforts among banks.

A consortium of nine financial institutions — including UniCredit SpA, ING Groep NV, and DekaBank — announced plans to jointly develop a stablecoin, a blockchain-based token pegged to fiat currency and backed by liquid assets such as government securities.

Industry momentum and regulatory clarity

The banking industry’s renewed focus on blockchain comes amid increasing regulatory clarity around digital assets.

The United States recently introduced regulations for stablecoins, while the European Union’s Markets in Crypto-Assets (MiCA) framework is now being implemented.

These developments are providing traditional financial institutions with greater confidence to experiment with blockchain-based payment solutions.

BNY Mellon, one of the world’s largest custodians with $55.8 trillion in assets under custody or administration, has been a consistent participant in blockchain initiatives.

In July, the bank announced a collaboration with Goldman Sachs Group Inc. to use blockchain to maintain ownership records of money market funds.

Additionally, BNY Mellon is among over 30 global financial institutions working with Swift to develop a blockchain-based shared ledger for real-time cross-border payments.

The exploration of tokenized deposits represents another step in BNY Mellon’s broader digital transformation strategy.

As the financial system continues its gradual evolution toward tokenized and blockchain-enabled assets, BNY Mellon’s initiatives highlight how legacy institutions are adapting to a decentralized future — one where efficiency, transparency, and interoperability could redefine global finance.

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