Author: Yeek.io

Ethena Labs and Securitize have announced the launch of Converge, a blockchain designed to support decentralized finance and tokenized assets. The network will cater to both retail and institutional investors, offering standard DeFi applications alongside financial products that comply with institutional requirements. Converge is built on Ethereum’s Virtual Machine, allowing existing Ethereum (ETH)-based applications and smart contracts to function without modification. Ethena (ENA) plans to move its DeFi ecosystem, which holds nearly $6 billion in assets, onto Converge.  Securitize, which specializes in tokenizing real-world assets, will use the blockchain to issue and manage digital securities. Tokenized assets are digital representations…

FalconX Executes First Block Trade for CME Solana Futures Digital asset prime broker FalconX has successfully executed the first-ever block trade for CME Group’s Solana futures, with StoneX serving as the counterparty. This landmark transaction took place just one day before the official launch of Solana futures on March 17, marking a significant moment for institutional participation in the SOL derivatives market. FalconX, headquartered in San Mateo, California, facilitated this trade to provide institutional investors with a regulated avenue to manage risk and price exposure in the volatile crypto market. Josh Barkhordar, Head of U.S. Sales at FalconX, stated that…

Ethereum’s native token, Ether (ETH), continues to consolidate under $2,000, which some traders view as a psychological level. Ether price slipped below this range on March 10, and the altcoin continues to trade at its lowest value since October 2023.Ethereum 4-hour chart. Source: Cointelegraph/TradingViewEther price has also lost market value with respect to other major altcoins, with XRP price reaching its highest level against ETH in five years on March 15. The real question among investors is whether ETH is capable of recapturing a portion of its recent losses or whether traders will capitulate if the price falls below $1,900.Ethereum…

What are crypto pre-sales? In essence, early investors would be allowed to purchase tokens at a lower price before the token is released in the public market. It is helpful to projects to raise money while conceiving a robust network of supporters. The pre-sales offer excellent opportunities for those who would like to invest early.Coming in 2025 both AurealOne will efficiently revolutionize gaming & the metaverse as well as DexBoss will make DeFi more approachable. Both are projects that have the mould of becoming two of the major players in crypto. But as is the way of any investment, that…

Update March 17, 1 pm UTC: This article has been updated to add information about the judicial suspension.Telegram founder Pavel Durov said the company had always met and “exceeded” its legal obligations in moderation, cooperation and fighting crime. On March 17, the Telegram founder posted an update on the messaging application, saying he was already back in Dubai after spending months in France. Durov said the process is still ongoing but added that it “feels great to be home.”Media platform TASS reported that French authorities have “suspended judicial control obligations” of Durov for three weeks. Citing sources in the French prosecutor’s…

North Korea’s Lazarus Group has launched yet another sophisticated supply chain attack, this time leveraging the npm ecosystem to infiltrate developers environments and steal cryptocurrency-related data. Security researchers at Socket.Dev uncovered six new malicious packages with each designed to deploy the BeaverTail malware while establishing a persistent backdoor, InvisibleFerret. These tactics resemble previous Lazarus-linked cyber operations.With over 330 downloads, these malicious packages closely mimic trusted libraries, employing typosquatting to deceive developers into integrating them into projects.Source: XLazarus’ New Tactics: How Crypto Developers Are Being TargetedLazarus has long employed supply chain attacks, but its latest focus on crypto-specific infrastructure marks a…

Solana marks five years since its inception as a comprehensive ecosystem. It is now facing a major downturn, with DEX volumes plummeting and investor conviction faltering amid cooling sentiment. Once hailed as the breakout star of the post-pandemic crypto era, Solana [SOL] now finds itself at a critical crossroads. As it marks its fifth anniversary, the high-speed blockchain that once rivaled Ethereum [ETH] in buzz and activity is grappling with a sobering downturn. DEX volume has cratered — from a robust $36 billion peak to a mere $988 million, the lowest so far this year. With Open Interest also tumbling,…

Understanding Blockchain ArchitectureBlockchain architecture defines how transactions are processed, stored, and verified. Traditionally, blockchains were monolithic systems where all functions occurred within a single structure. Modular blockchains are a new paradigm that separates these functions into various layers.To compare both models correctly, it’s necessary to analyze their major components:ComponentMonolithic BlockchainsModular BlockchainsExecutionOn-chainSeparated into layersConsensusOn-chainOffloaded to separate chainsData StorageOn-chainDistributed across networksScalabilityLimitedHigh scalability with L2 solutionsFlexibilityLowHigh, customizable networksThis table highlights the key differences between these blockchain structures. Now, let’s explore each model in detail.What Are Monolithic Blockchains?Monolithic blockchains manage all tasks within a single network. They handle execution, consensus, and data storage together.…

The Worldwide Asset eXchange (WAX) has removed the fee required to create a blockchain account through its Cloud Wallet.Previously, new users had to pay 5 $WAXP to set up an account, a measure originally introduced to prevent automated bot activity. The removal of this fee is intended to make it easier for new users to join the WAX blockchain and encourage broader adoption by reducing the financial barrier to entry.WAX stated that its blockchain “is stronger than ever” and is therefore making account creation easy and free. Source: WAXWhat is WAX?WAX is a blockchain network designed for high-volume transactions, with…

The Wemix Foundation is implementing measures to address the recent $6.2 million security breach and subsequent drop of the WEMIX token.In response to the hack, the company is currently using its own funds to buy back WEMIX coins to increase demand, stabilize the price, which has dropped 42% since the hack, and restore investor confidence.Details of the buyback, including the method, involved exchanges, final quantity, and holding wallet address, will be released upon completion, according to a March 15 Wemix X post. WEMIX Buyback Execution To swiftly recover from the impact of the WEMIX PLAY Bridge incident and restore the…