Author: Yeek.io

The launch of Boundless’ incentivized testnet marks crypto’s first real stress test for production-ready zero-knowledge infrastructure. With the Ethereum Foundation and EigenLayer as early adopters, the scramble to operationalize ZK proofs across chains has officially begun. According to a press release shared with crypto.news on July 15, Boundless Network has deployed its Mainnet Beta on Coinbase’s Base blockchain, introducing what it calls the first “universal” zero-knowledge protocol. Backed by RISC Zero’s zkVM, the incentivized testnet has already drawn participation from major players including the Ethereum Foundation, Wormhole, and EigenLayer—an unusual show of early confidence for a project still in beta.…

Crypto infrastructure firm Function has secured $10 million in seed funding to scale FBTC, its fully reserved Bitcoin product, amid rising demand for BTC-based yield solutions. Crypto infrastructure firm Function, previously known as Ignition, has successfully raised $10 million in a seed funding round led by Galaxy Digital, whose support also extends to liquidity provisioning, governance, risk management, and strategic guidance. The round also saw participation from Antalpha and Mantle. This funding is primarily aimed at further developing and scaling Function’s flagship product FBTC — a fully reserved, composable Bitcoin (BTC) representation designed to help institutions and corporate treasuries deploy…

Quick take: The fundraising also attracted participation from Antalpha and Mantle. The bitcoin-based protocol, formerly known as Ignition, aims to unlock institutional yield opportunities from the largest yet least utilised asset in DeFi. The announcement comes amid a ramp-up in institutional adoption of BTC through strategic Bitcoin treasuries and spot ETFs. Function, formerly Ignifition, a decentralised finance protocol on Bitcoin, has raised $10 million in a seed round led by Galaxy Digital, with participation from Antalpha and Mantle. The company offers fBTC, a yield-generating token that allows institutions and corporate treasuries to deploy bitcoin while maintaining full control of their…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The long-standing debate over whether Ethereum (ETH) can one day replace Bitcoin (BTC) has taken a new turn, as Hunter Horsley, the Chief Executive Officer (CEO) of Bitwise, offers a fresh perspective on the matter. Rather than framing Ethereum as a direct challenger to BTC, Horsley suggests that its true value lies in competing with traditional tech and financial systems. As the crypto market evolves, this view could influence how investors and developers assess cryptocurrencies by focusing less on price rankings and more on real-world utility.  Ethereum’s…

BounceBit has introduced the xRWA, an innovative protocol level feature in which tokenized real-world assets (RWAs) get brought directly into the staking layer of their proof-of-stake (PoS) network, including tokenized equities. The innovation will allow the RWAs to get engaged in the network security of BounceBit without using custodial bridges, synthetic wrappers, or smart contract simulations of naive token, $BB. A new primitive is on its way.xRWA enables tokenized equities to be staked for network security — activating real-world assets directly within a multi-asset PoS architecture.Powered by $BB on BounceBit Chain. pic.twitter.com/Cw0n4Fr18b— BounceBit (@bounce_bit) July 14, 2025 xRWA addresses an age-old problem…

Canada’s financial system has long been considered a model of stability, but beneath the surface, frustration is building. According to Coinbase’s Canadian country director, Lucas Matheson, 86% of Canadians believe their financial system could use an update, 80% see it as fundamentally unfair, and 76% feel it’s in urgent need of modernization. This isn’t just a fleeting sentiment – it signals a deep-rooted dissatisfaction with a system struggling to keep pace in a rapidly digitizing world.With calls for transparency, faster transactions, and lower fees growing louder, the question arises: could cryptocurrency be the answer? Let’s break it down.Poll Results and…

Quick take: Activity on Sonic Labs has spiked since the beginning of the year, following its mainnet launch in December 2024. Returning users have more than doubled since January, hitting a record 419K in June – that’s more than 2.5x since the beginning of the year. The EVM-compatible layer-1 blockchain also processed over 104 million transactions in the first half of 2025, with a clear upward trend into May. Sonic Labs, the Ethereum Virtual Machine (EVM)-compatible layer-1 blockchain with transaction speeds of up to 400,000 per second, has experienced an uptick in activity since the beginning of the year. The…

While Bitcoin remains the darling of corporate treasuries, SharpLink’s aggressive Ethereum play signals a shift. With nearly all its ETH staked, the company isn’t just holding, it’s actively shaping Ethereum’s economic future. On July 15, Minneapolis-based iGaming giant SharpLink Gaming announced that it had acquired 74,656 Ether (ETH) tokens for $213 million, completing the transaction over a six-day window between July 7 and July 13. The acquisition, executed at an average price of $2,852 per ETH, pushed SharpLink’s total holdings to 280,706 ETH, cementing its position as the world’s largest corporate holder of Ethereum. NEW: SharpLink becomes the largest $ETH…

Grvt is launching a platform that expands access to trading strategies once reserved for a small number of elite investors. Thanks to recent regulatory shifts, DeFi and traditional finance are increasingly converging. On Tuesday, Grvt launched Grvt Strategies, a peer-to-peer on-chain investment platform. According to the firm, the platform aims to open up sophisticated investment strategies to a broader range of investors while leveraging the transparency and efficiency of blockchain technology. “We believe growing your wealth should feel as natural as sending a message or booking a ride,” said Hong Yea, Co-Founder and CEO of Grvt. “Grvt Strategies is our…

The stock and crypto markets drifted upwards on Tuesday, July 5, after the U.S. published mixed consumer inflation data. Futures tied to the Nasdaq 100 and S&P 500 rose by 160 and 30 points, respectively. Bitcoin (BTC) pared back some of its initial losses and moved back above $118,000. Other altcoins like Ethereum (ETH) and Cardano (ADA) also erased some of the losses. The stock and crypto markets rose after data from the Bureau of Labor Statistics showed that core inflation, which excludes volatile food and energy prices, missed analysts’ estimates for the fifth consecutive month. Core CPI rose from…