Syscoin, a Pre-Ethereum Crypto Project, Is Experiencing Leadership Changes and Allegations of Mismanagement, Leading to a Decline in Market Capitalization Syscoin, a crypto project that predates Ethereum, is facing leadership changes and allegations of mismanagement and lack of financial transparency. Key members of the Syscoin Foundation plan to resign and form a new entity, Syscoin Red, to restore transparency and trust within the community. The project's native token, SYS, has seen a significant decline in market capitalization.

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On June 28th, Syscoin developer Sys Labs launched Rollux, an EVM-compatible network based on merged mining. Merged mining was proposed by Satoshi Nakamoto in 2010. Rollux uses this mechanism to maintain network security through Bitcoin miners.

On May 25th, the blockchain development platform Infura has launched the Consen Sys Layer2 solution Linea public testnet endpoint, allowing users to access Linea's public testnet through the Infura endpoint. In addition, Infura launched the Linea faucet, and users can get 0.5 testnet ETH per day with their Infura account.