Author: Yeek.io

Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.” It will also specialize in institutional-grade offerings that will help bridge traditional finance with DeFi opportunities. The Converge blockchain is announced at the Tokenize NYC conference on March 17. Source: CointelegraphConverge will launch with various product offerings, including Ethereal, Morpho, Maple Labs, Pendle and Aave Labs’ Horizon. Converge’s…

Q2 is around the corner, and smart money analysts are taking bets on promising presale cryptocurrencies to maximize their gains.However, two names continue to come up in conversations about the leading crypto presales: Best Wallet token and Solaxy.Both projects are experiencing substantial growth in their fundraising rounds, with Best Wallet token raising $11 million and Solaxy raising $26 million.So what is it about these two projects that makes them a favorite with industry experts and investors alike?Best Wallet to Revolutionize Crypto StorageBest Wallet is a new cryptocurrency wallet that supports over 60 blockchains and is packed with innovative features. The…

Ethena Labs and Securitize have announced the incoming launch of Converge, a blockchain tailor-made for DeFi and tokenized assets. The incoming blockchain has a deep pool of partners angling to roll out offerings with parties eyeing a Q2 launch. Converge Blockchain Set To Onboard An Avalanche Of Institutional Capital According to a press release, Ethena Labs and Securitize are proceeding with the launch of Converge. The joint project will serve as a settlement layer for institutions seeking to explore decentralized finance (DeFi) offerings. At the heart of the Converge blockchain will be Ethena’s USDe and Buidl’s USDtb with parties eyeing…

Key Takeaways: The ETF targets companies with substantial Bitcoin reserves. It employs capped weighting and quarterly rebalancing to limit volatility. This approach signals a notable shift in corporate treasury strategies. Bitwise Asset Management has launched the Bitwise Bitcoin Standard Corporations ETF, trading under the ticker OWNB. The exchange-traded fund is designed to expose investors to companies holding significant Bitcoin reserves as part of their corporate treasury strategies.The ETF follows the Bitwise Bitcoin Standard Corporations Index, which tracks firms integrating Bitcoin into their financial holdings.Bitwise ETF Targets Companies Using Bitcoin as a Treasury ReserveAccording to Bitwise, the ETF aims to capitalize…

Ethereum price is more than 52% down from its December 2024 high at $4,107 and data from TradingView shows ETH (ETH) down 42% since the start of 2025. Despite being one of the largest cryptocurrencies by market capitalization and holding the dominant spot as the leader in Web3 and DeFi, many analysts believe that ETH’s price prospects remain grim in the short term. Crypto analyst and chartered market technician Askel Kibar warned traders against assuming that ETH price trades at a discount simply based on how far off it is from its average trading price. On X, Kibar explained that “bottom reversals take…

The White House Crypto Summit: What Went DownThe White House organized its first-ever symposium on digital assets and cryptocurrencies on March 7, 2025. Making the United States a leader in decentralized finance and blockchain technology was the objective. Government policies, innovation, and regulations were discussed.Top government representatives, legislators, and business executives attended the summit. Around 30 key figures attended, including:Michael Saylor (Strategy CEO, formerly MicroStrategy)Cameron and Tyler Winklevoss (Gemini)Brian Armstrong (Coinbase CEO)Other notable crypto executivesThis event set the stage for major changes in the U.S. approach to digital assets.Key Discussions at the SummitThe summit focused on several critical issues, including:TopicDiscussion…

Hashdex, a world-leading crypto fund manager, has gained Brazil’s Securities and Exchange Commissions (CVM) approval to launch the country’s first-ever spot XRP exchange-traded fund. An official launch date hasn’t been confirmed at this time, however, the fact that the approval has been given in the first place represents Brazil’s continuous support of embracing cryptocurrency.Global ImplicationsThis approval has implications beyond Brazil, with many people speculating that other countries, that have made clear their support of crypto, will soon follow. The United States for example, under the leadership of President Donald Trump, is expected to be the next country to accept spot…

Key Takeaways: Crypto ETPs saw notable withdrawals as market uncertainty alters investor strategies. Bitcoin experienced the largest pull while select digital assets attracted renewed interest. Early technical cues and institutional moves add a cautious angle to market shifts. Cryptocurrency exchange-traded products (ETPs) saw outflows totaling $1.7 billion last week, as global investors continued pulling capital amid broader market declines, according to a March 17 CoinShares report.Crypto ETPs Liquidation Streak Reaches $6.4 Billion Over Five WeeksThe latest report shows that the market downturn has triggered cumulative outflows of $6.4 billion over the past five weeks. Crypto ETFs & ETPs recorded another…

Decentralized non-custodial liquidity protocol Aave V3 is now live on Celo, the Layer-2 that aims to enable fast, low-cost transactions for the real world.According to the press release shared with Cryptonews, thanks to the integration, Celo’s builders and users globally can borrow, lend, and earn yield with “sub-cent” transaction costs.This is in addition to the one-block finality and one-second transaction time following Celo’s migration to an Ethereum Layer 2 later this month, the team said.Furthermore, the initial deployment supports collateral and borrowable assets CELO, USDT, and USDC. The latter also includes cUSD and cEUR. The partners may incorporate more assets…

Pepe coin price held steady on Monday as centralized exchange outflows rose after forming several bullish patterns.  Pepe (PEPE) rose to $0.000070, up by about 35% from its lowest level this year, giving it a market cap of $2.9 billion.  Data from Nansen shows that many investors are moving their tokens from exchanges to self-custody. Tokens held on exchanges dropped to 240.15 trillion, down 1.21% from last week. Increased exchange outflows are generally seen as a positive sign since they suggest that investors are holding onto their coins rather than selling. Exchange outflows often slow during a strong downward trend…