Author: Yeek.io

Web3 anime-themed franchise Final Bosu has completed a rapid sellout of its public mint, with all 3,445 NFT claimed just six minutes after the sale opened on Monday, April 14 at at 15:00 UTC.This followed two prior pre-order phases in March, where early supporters were able to reserve NFTs at a lower price of $180. Participants from those phases, along with holders of the earlier Bosu Legacy NFTs, can now also claim their NFTs.Held on Abstract, the sale used a first-come, first-served model priced at 0.134 $ETH ($220) each. Source: Final BosuWhat is Final Bosu?Final Bosu is an independent web3…

Homepage > News > Business > Last Week in AI: OpenAI vs Musk legal feud escalates; IEA report OpenAI, the company behind ChatGPT, fired back last week with a countersuit against Elon Musk—marking another chapter in what has become a very public legal battle between Elon Musk, Sam Altman, OpenAI, and a select few others. Musk has been at war with OpenAI and CEO Sam Altman for nearly a year now, accusing the company of abandoning its original mission. Musk’s original lawsuit centers on claims that OpenAI violated its founders’ agreement and broke away from its original nonprofit roots in…

Mantra’s collapse this week is raising questions about the project’s future, but also about the impending risks of low liquidity for other DeFi platforms. Analysts are still examining the Mantra (OM) collapse, which wiped out $5 billion of the token’s value. A recent report by Kaiko, published on Monday, April 14, examines the liquidity conditions that led to the crash. According to Kaiko, low liquidity, compounded by long liquidations, was likely one of the reasons behind the crash. A large price drop overwhelmed the markets, leading to a collapse in market depth from $290 million to just $473,000. Mantra hourly…

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…