Author: Yeek.io

Quick take: Optimum offers a chain-agnostic a decentralised, performance-enhancing memory layer. The platform ensures that the way blockchain data is stored, accessed and propagated is faster, cheaper and truly decentralised. Optimum leverages an innovative method of decentralised coding dubbed Random Linear Network Coding (RLNC), developed by MIT professor Muriel Médard. Optimum, a chain-agnostic memory layer incubated by MIT, has raised $11 million in a seed round led by 1kx. The fundraising also attracted participation from Robot Ventures, Finality Capital, Spartan, CMT Digital, SNZ, Triton Capital, Big Brain, CMS, Longhash, NGC, Animoca, GSR, Caladan, Reforge and others. Optimum offers a decentralised,…

Quick take: The investment also allows Fizen to offer a more efficient and user-friendly solution for storing, transferring and transacting in stablecoins. It will allow users to pay seamlessly using stablecoins while merchants receive instant fiat settlements through popular payment methods like QR codes and card readers. Both companies are looking to bridge the gap between traditional finance and digital assets by offering a solution to the unbanked. Tether has announced a strategic investment in self-custodial and crypto payments provider Fizen. The investment enables Fizen to facilitate the seamless integration of stablecoins across multiple blockchains, allowing users to easily store,…

Synthetic stablecoin developer Ethena Labs is winding down its German operations less than a month after regulators identified “deficiencies” in its dollar-pegged USDe (USDE) stablecoin, signaling heightened scrutiny around crypto assets in Europe’s largest economy.Ethena Labs reached an agreement with Germany’s Federal Financial Supervisory Authority, also known as BaFin, to cease all operations of its local subsidiary, Ethena GmbH, according to an April 15 announcement.Source: Ethena LabsAs such, Ethena Labs “will no longer be pursuing MiCAR authorization in Germany,” the company said, referring to the Markets in Crypto-Assets Regulation.The company reiterated that Ethena’s German subsidiary has not conducted any mint…

An estimated $5 million in ZK tokens were stolen on Tuesday when a hacker accessed an admin wallet that was linked to the ZKsync airdrop.The tokens were all of the unclaimed assets from the airdrop, and the attacker had time to transfer them before the anomaly was noticed.ZKsync Admin Wallet Hack, Source: XIn a tweet (X), ZKsync, an Ethereum layer-2 blockchain to scale Ethereum with zero-knowledge proofs, reiterated that security is being implemented to mitigate the breach.ZKsync also said the hack was a contained incident, impacting only the ZK token airdrop contract. It explained that the breach stemmed from a…

Positioned at the intersection of Layer 1 infrastructure and Layer 2 rollup execution, Initia is designed to offer developers a highly customizable environment with native support for multiple virtual machines – including MoveVM, WasmVM, and EVM.Backed by leading investors like Binance Labs and Delphi Digital, and approaching its Token Generation Event (TGE), Initia has already captured significant market attention through its dual-layer architecture, active testnet participation, and growing speculation on pre-market trading platforms.About InitiaInitia is a Layer 1 blockchain platform built on the Cosmos SDK, integrated with Layer 2 rollup solutions to create an “interwoven” multichain ecosystem.The project has attracted…

Optimum, the first decentralized high-performance memory infrastructure for any blockchain, has announced the successful closure of its $11 million seed round.According to the press release shared with Cryptonews, the round was led by crypto investment firm 1kx with participation from Robot Ventures, CMT Digital, Spartan, Finality Capital, Triton Capital, SNZ, Big Brain, CMS, Longhash, NGC, Animoca, GSR, Caladan, Reforge, and more.The team says it will use the new funding for integration across major ecosystems, lowering costs, and boosting scalability for any L1 and L2 blockchain and performance for node operators.Optimum is co-founded by MIT professor Muriel Médard, who invented the…

Today, KiloEx, a decentralized exchange specializing in perpetual futures trading, publicly addressed the hacker responsible for a $7.5 million exploit. In a post shared on X, the KiloEx team delivered a stern ultimatum to the attacker to return 90% of the stolen assets and walk away with a 10% white hat bounty or face relentless legal pursuit backed by law enforcement, cybersecurity firms and exchanges. To Hacker:Our investigation, supported by law enforcement, cybersecurity agencies, and multiple exchanges & bridge protocols, has uncovered critical information about your activities. We are actively monitoring your addresses (0x551f3110f12c763d1611d5a63b5f015d1c1a954c,…— KiloEx (@KiloEx_perp) April 15, 2025 KiloEx…

XYO, one of the oldest decentralized physical infrastructure network projects, announced the launch of a public beta of its own Layer 1 blockchain. XYO is transitioning away from the Ethereum (ETH) Layer 2 ecosystem, where it previously operated, to a purpose-built Layer 1 blockchain designed to improve the network’s ability to handle large volumes of real-time data with high throughput and low latency. XYO’s new Layer 1 blockchain introduces a novel consensus mechanism called Proof of Perfect. This system allows decentralized nodes to deterministically identify the correct chain to append a block to by algorithmically ranking chain tips based on…

After a turbulent quarter in the crypto market, Solana (SOL) is once again in the spotlight as investors increasingly ask: is SOL forming a bottom and preparing for a rebound, or is the downtrend not over yet?As of today, SOL is trading in the $130–$134 range, significantly below its March peak of $205. However, technical indicators and capital flows are showing some encouraging signals, potentially laying the groundwork for a short-term recovery.Technical Indicators Suggest a Short-Term Bottom for SolanaThe $120 level is currently acting as the most critical technical support for Solana SOL in April. As long as the price…

Homepage > News > Business > Bitcoin, resurrection, and the faithful remnant I sat in church this Palm Sunday and listened to a sermon about the Tabernacle, and how each aspect of the sacrificial tent was an analogous picture of the coming of the Messiah. We heard about how Jesus was praised, then ridiculed, and how He was ultimately misunderstood by most until He became the most influential figure in history. Like many heavy things steeped in grandeur, it made me think of Bitcoin. Context Throughout the Bible, the people of Israel come within arm’s reach of their divine purpose…