Author: Yeek.io

Quick take:  The company plans to use the capital to advance the development of a new blockchain designed for “internet-scale dApps”. The company wants to make developing decentralised applications as easy as building web2 apps. Dubbed Rialo, the layer-1 blockchain will leverage RISC-V and the Solana virtual machine compatibility. Subzero Labs, the Web3 startup building a “friendly blockchain,” has emerged from stealth with $20 million in funding led by Pantera Capital, the Block reported. The fundraising also attracted participation from popular Web3 venture firms, including Coinbase Ventures, Fabric Ventures, Mysten Labs, Susquehanna Crypto, and Variant. Subzero Labs plans to use…

AAVE crypto price continued its freefall this week, hitting its lowest level since June 28. The token has entered a local bear market after falling 23% from its July high of $337. Summary Aave crypto has moved into a local bear market after falling by 23% from the July high. The total value locked in the ecosystem surged to a record high this week. Data shows that the fees and revenue in the network is soaring. AAVE crypto price crashed despite booming ecosystem Aave (AAVE), the biggest player in the decentralized finance industry, is firing on all cylinders as its…

PENGU’s price is showing signs of topping off, despite Animoca’s long-term bet on its IP-driven future. Summary Pudgy Penguins rally is showing signs of topping off. PENGU saw almost a 500% rise since late July. Animoca Brands argues for a bullish case for PENGU, beyond crypto. Pudgy Penguins (PENGU) rally is showing signs of a slowdown, despite several long-term bullish developments. On Friday, August 1, the PENGU price was down 7%, amid a broader market downturn. Still, this comes after a major rally, as since late July, the PENGU price has risen by almost 500%, overtaking BONK (BONK) as the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The race for an Ethereum treasury reserve is heating up, as multiple big companies continue to accumulate the second-largest crypto asset at a rapid rate and scale. While accumulation at the institutional level has spiked, the Ethereum Foundation has lost its position as the leader in ETH holding rankings. New Institutions Overtake Ethereum Foundation In ETH Holdings In a notable shift within the Ethereum ecosystem, the Ethereum Foundation has lost its supremacy as the number 1 holder of ETH. Crypto News Hunters’ report shows that the foundation…

Cross-chain bridges have overtaken traditional mixers as the primary tool for laundering stolen crypto in early 2025, moving over $1.5 billion in hacked funds. Their speed, liquidity, and lighter regulatory scrutiny have made them far more attractive than mixers like Tornado Cash for obscuring asset origins. Summary Crypto hacks in the first half of 2025 hit unprecedented levels, with over $3 billion stolen across 119 incidents, already 50% higher than all of 2024. Hackers are moving funds faster than ever, often laundering assets through cross-chain bridges rather than mixers, with some thefts fully obscured in minutes before any public disclosure.…

Hi DeFiChain Community,Welcome to your weekly round-up of the DeFiChain ecosystem! It’s been another bustling week with plenty of developments. Let’s dive in and explore what’s new and exciting.DeFiChain Labs Infrastructure Mandate is Ending in Q3 – Here’s our Transition PlanAfter years of managing DeFiChain’s infrastructure, we’re approaching a major milestone. Our mandate to handle these responsibilities comes to an end in Q3, and we want to give everyone plenty of notice about what’s coming next.Read more about it here.DeFiChain Labs is Seeking New Owners For SocialsFollowing up on our recent announcement about the infrastructure transition, we need to address…

The Algorand Foundation has announced its 2025-26 roadmap after a robust Q2 showing. Meanwhile, ALGO price eyes a possible retracement to $0.20. Summary Algorand unveiled 2025–26 roadmap, with a custodial solution for enterprise blockchain integration launching this quarter. The roadmap launch follows a record Q2 with 3B+ transactions and rising staking participation. ALGO recently broke below key support, signaling potential short-term downside toward the $0.20 zone. The Algorand Foundation today announced its comprehensive roadmap for 2025 and beyond, targeting four key strategic pillars: Web3 core values, mainstream adoption, real-world use cases, and cutting-edge technology innovation. In the upcoming third quarter…

We’re excited to introduce Chainlink State Pricing—a new pricing methodology optimized for long-tail crypto assets and tokenized assets that predominantly trade on decentralized exchanges (DEXs). This new methodology for asset pricing delivers best-in-class price accuracy, market resilience, and liquidity assessment for assets that have limited trading volume on centralized exchanges (CEXs) but notable onchain liquidity. Chainlink State Pricing is currently available on mainnet as a push-based oracle solution via Chainlink Data Feeds or as a pull-based oracle solution via Chainlink Data Streams. The initial launch supports State Pricing for a variety of assets, such as wstETH, GHO, LBTC, cbBTC, ezETH,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Eric Conner, a prominent Ethereum figure who helped design the network’s landmark fee-market overhaul EIP-1559 and recently left the ecosystem to work in artificial intelligence, said late Thursday that the US Securities and Exchange Commission’s new policy direction amounts to a dramatic tailwind for Ether. “The SEC just lit a rocket under Ethereum,” Conner wrote on X on July 31, reacting to a policy address delivered hours earlier by SEC Chairman Paul S. Atkins in Washington. Conner characterized the remarks as a “full-blown regulatory pivot,” adding that…

PancakeSwap, a decentralized exchange on BNB Chain, remained the largest DEX by spot trading volume in July with a total $188 billion in trades.That figure gave it around 43% of the total market share across all decentralized exchanges for the month of July. It also marked a strong rise from June’s $151 billion figure, which had already put PancakeSwap ahead of the rest of the field.Uniswap followed with $94 billion in July, less than half of PancakeSwap’s total. Other platforms such as Raydium and Aerodrome saw significantly lower figures and did not come close in terms of trading activity.PancakeSwap’s lead…