Author: Yeek.io

Quick take: The funding announcement comes just weeks after the Aave developer unveiled an overhauled new version of Lens protocol. The company has also moved the base technology powering its decentralised social media infrastructure to zkSync from Polygon, citing the ability to scale at lower costs as the reason. Lens protocol v3 is scheduled for launch during the first quarter of 2025. Avara, the developers of Lens, Aave and Family has completed a $31 million funding round led by Lightspeed Faction. The fundraising also attracted participation from Alchemy, Avail, Circle, Consensys, DFG, Fabric Ventures, Foresight Ventures, Stellarcore, Superscript, Re7, and…

Germany’s Deutsche Bank is set to address compliance hurdles associated with public blockchain technology through the development of a Layer 2 protocol. Announced as part of Project Dama 2, this initiative will integrate blockchain efficiency with regulatory requirements, bridging traditional financial services (TradFi) and decentralized technology.Germany’s Deutsche Bank Develops Layer 2 to Enhance Blockchain EfficiencyAccording to a recent Bloomberg report, Deutsche Bank has introduced Project Dama 2, an innovative solution to improve the compliance and efficiency of blockchain technology. The initiative is part of the Monetary Authority of Singapore’s (MAS) Project Guardian, which encourages financial institutions to explore asset tokenization.Project…

Valour, the asset management business of DeFi Technologies, has launched its Hedera staking exchange-traded product on the Euronext Amsterdam. The ETP issuer announced on Dec. 18 that the 1Valour Hedera Physical Staking ETP had listed on the Euronext Amsterdam, expanding its Hedera (HBAR) ETP offerings for European investors. Valour is collaborating with the Hedera ecosystem’s venture capital and tech platform, The Hashgraph Group, to provide access to the product, which is based on the HBAR token. The Hedera HBAR ETP launched with $5 million in seed funding from The Hashgraph Group. According to Valour, the launch is part of the…

We are thrilled to announce our partnership with NetSepio, a trailblazing platform dedicated to redefining online security and decentralization. With innovative solutions like Erebrus and Sotreus, NetSepio addresses critical internet challenges such as censorship, surveillance, and the inherent vulnerabilities of traditional VPNs and public Wi-Fi networks. This is where Spheron’s decentralized compute network delivers the GPU infrastructure required to support NetSepio’s dynamic tunneling, encrypted traffic routing, and community-powered operations. Together, we empower users to reclaim their online freedom and privacy, building a resilient future for the internet. The Problem: A Centralized and Vulnerable Internet The internet, once a symbol of…

A strategic partnership between Usual, Ethena, and Securitize, the tokenization platform for the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), is reshaping DeFi by combining liquidity, yield, and composability. What’s Changing for Users? USDtb Collateral Integration: In the coming weeks, the combination of USDtb and BUIDL can be accepted as collateral for USD0, bridging TradFi-grade stability with DeFi innovation. It will provide Usual diversification of collateral and increase USD0 decentralization. Maximized Yield Opportunities: USD0++ holders can access a 1:1 incentivized vault in USUAL and sats for sUSDe, unlocking higher yields through delta-neutral strategies and fully subsidized rewards. These vaults will…

As President-elect Donald Trump prepares to assume office for his second term, significant changes in the regulatory landscape for cryptocurrencies are on the horizon. A wave of crypto ETFs is expected to gain approval in the coming year, signaling a potentially transformative shift for digital assets in the United States. Emerging Entrants In Crypto ETFs According to Bloomberg ETF expert Eric Balchunas, dual Bitcoin and Ethereum ETFs from firms such as Hasdex, Franklin Templeton, and Bitwise Invest are likely to be the next candidates for approval.  Balchunas also noted recent rejections of Solana filings, indicating that both Solana and XRP…

Challenges of the Ethereum ETFHowever, marketing an Ethereum ETF may prove to be a nuanced challenge. With the recent adoption of a Bitcoin ETF by investors, the question arises: do they require another cryptocurrency in their portfolios? Sui Chung, the CEO of CF Benchmarks, an index provider for digital assets and a partner firm on the BlackRock iShares Bitcoin ETF, has been contemplating this dilemma. The intrinsic appeal of a Bitcoin ETF lies in its role as a diversifier within a portfolio, significantly enhancing the risk-adjusted return.A Sharpe Boost in Portfolio DiversificationChung emphasizes the pivotal role of Bitcoin’s behavior and…

Deutsche Bank is reportedly building a Layer 2 under an asset-servicing pilot project called Dama 2 as part of the lender’s goal to clear regulatory hurdles for institutions who want to use public blockchains. According to a Bloomberg report published on Dec. 18, German banking giant Deutsche Bank AG is in the process of building a “so-called” Layer 2 for a public network. The lender hopes the project will clear regulatory challenges faced by financial firms trying to incorporate public blockchains into their operations. Last month Deutsche Bank released a test version of Project Dama 2, which includes a Layer…

Exploring the NFT world can be tricky, with many projects lacking authenticity. At NFT Droppers, we offer reliable ratings by examining over 70 detailed factors. We dive into NFT features, structure, roadmaps, technical details, and token utility. We also look at media presence, website traffic, and community engagement. Our team checks the whitepaper, investment timeline, market potential, and existing user base to gauge the project’s vision. We thoroughly verify team members to ensure authenticity and provide all essential information for investors. Our ratings are frequently updated, and we continuously improve our methods. Trust NFT Droppers for insightful and current NFT…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The web3 ecosystem is a hotbed of innovation, offering bold solutions that promise to decentralize systems and empower individuals. Yet, for all its potential, web3 has yet to become a mainstream phenomenon. Adoption remains slow, hindered by a steep learning curve and significant barriers to entry. Decentralized physical infrastructure networks—otherwise known as DePINs for short—represent a new frontier in this space, with the potential to transform industries by making infrastructure faster and cheaper to deploy. However, taking…