Author: Yeek.io

Soham Mazumdar, co-founder of cloud data security unicorn Rubrik, has launched a bold new venture in the AI data analytics space: WisdomAI. The startup, which helps enterprises extract sharp, actionable insights from structured, unstructured, and even “dirty” data, has announced a $23 million seed round led by Coatue, with participation from Madrona, GTM Capital, Anthology Fund, and others. A Smarter, Faster, Cleaner Way to Tap Enterprise Data: Unlike conventional analytics tools, WisdomAI enables business managers to query data in natural language — eliminating the delays of waiting on data teams to build reports. Whether it’s a Chief Revenue Officer asking,…

Newly released documents show the New York Attorney General urged the SEC to classify Ethereum as a security. This urgency was evident during the SEC’s 2023 enforcement action against crypto exchange KuCoin. However, the SEC ultimately declined to publicly state that position.  The documents, made public by Coinbase through a Freedom of Information Act request, include an email from Shamiso Maswoswe, head of the Investor Protection Bureau at the NYAG’s office, to SEC Chair Gary Gensler’s chief of staff.  In the message, Maswoswe requested that the SEC file an amicus brief supporting the argument that Ethereum (ETH) is a security.…

Ethereum has completed the first phase of a major software upgrade called Pectra, marking a significant change to how the network handles accounts, staking, and data processing.The rollout comes over a year after Ethereum’s previous major update—known as Dencun—and continues the project’s shift toward improving how the blockchain scales and operates under increased demand. Pectra introduces a range of Ethereum Improvement Proposals (EIPs), including changes to how wallets function, how validators manage their stake, and how data is processed through the network.Whilst the upgrade is largely technical, it is expected to affect a wide range of users and developers, especially…

Quick take: The London-based company claims to process $12 billion in stablecoin transactions annually. BVNK, which is now expanding into the US did not disclose the size of investment from Visa. Some of the stablecoin company’s clients include the likes of Ferrari and Rapyd, which leverage its technology to send, receive, convert, and store stablecoins and fiat. UK-based stablecoins infrastructure provider BVNK has announced a strategic investment from Visa.  The announcement comes at a time when interest in stablecoins is rising amid growing prospects for a crypto-friendly regulatory environment in the U.S. The London-based company, which is now expanding to…

 While some people in financial circles still suspect cryptocurrencies, many others have since seen the light and are changing their perspective about benefits they never knew about.  Every once in a while, an institution comes that redefines the capital markets with creative products within the digital asset community to make crypto enthusiasts go wild with excitement.Maple Finance is shaking up the cryptocurrency sector, especially global lending, with innovative products designed for institutional borrowers. If you’re an institutional borrower looking to access funds more efficiently or a lender interested in getting guaranteed yields for your efforts, we’ve got you covered. In…

Core Ventures, the investment arm aligned with the Core Foundation, has deployed more than $1 million across 15 Bitcoin-aligned projects since launching in early 2024. Core Ventures is on a mission to transform Bitcoin (BTC) from a passive store-of-value into an active layer of financial infrastructure that can serve as the foundation for lending, yield generation, stablecoins, and decentralized finance, crypto.news can exclusively report. As the BTCFi continues to grow with a total value locked across Bitcoin-based DeFi protocols up 2,700% since January, Core Ventures is funding projects that push Bitcoin’s programmability. The portfolio spans key verticals including lending, staking,…

Bridging Art, Technology, and Cardboard: NFTCulture’s Next Evolution Since our inception, NFTCulture has been dedicated to covering the ever-evolving landscape of NFTs — focusing on the intersection of art, technology, and innovation. From spotlighting groundbreaking digital artists to unpacking the latest drops on platforms like SuperRare and Nifty Gateway, we’ve built a strong community around digital ownership and creative excellence. But there’s a new frontier rising rapidly in the NFT space — blockchain-based Trading Card Games (TCGs) — and we’re excited to announce our expansion into this thrilling sector with the launch of our new platform: Introducing Cardcore.xyz — A…

TRON has reached a major milestone in the stablecoin market but TRX price seems to be struggling to gain momentum. According to DeFiLlama data, as of May 7, there are $71.9 billion in stablecoins on the network, setting a new record for TRON’s (TRX) stablecoin supply. This increase comes after Tether (USDT) minted another $1 billion USDT on May 6, marking the sixth billion-dollar mint on TRON since April.  TRON’s ecosystem as a whole is also thriving. The monthly decentralized exchange volume increased by 40% from $3.4 billion in March to $4.9 billion in April. TRON’s total value locked has…

Ethereum’s latest update could make DeFi protocol feel like normal apps, and boost ETH in the long run, says P2P.org’s executive. For the past year, Ethereum (ETH) has been steadily losing dominance to other altcoins, as well as Bitcoin. Layer 2 networks are eating into Ethereum’s revenue, causing some traders to question the network’s evolving tokenomics. Rather than give in to the pressure, the Ethereum Foundation has doubled down, launching a new update focused entirely on usability and scalability. Artemiy Parshakov, Vice President of Institutions at staking infrastructure provider P2P.org, explained to crypto.news why this is the correct approach. Instead…

Monda, the leading DEX and liquidity incubator on the Monad blockchain, has rebranded to Purps exchange and now offers cross-chain swaps. According to a recent official announcement on X, Monda has officially rebranded to Purps exchange. The platform’s new home is now Purps.xyz, with the old domain Monda.fund fully redirected. In a follow-up post, the company explained the reasons behind the rebrand. First, the former name “Monda” unintentionally clashed with other “Mon-” projects in the Monad ecosystem, leading to confusion and reputational setbacks. The move to Purps also reflects the exchange’s maturation. As the DEX rapidly scaled, the team felt…