Author: Yeek.io

The decentralized perpetual futures trading sector has a new leader: Hyperliquid (HYPE). Launched in December 2024, Hyperliquid has its own Layer-1 blockchain, which has surpassed Solana in 7-day fees. What’s fueling its rapid growth, and how does HYPE compare relative to Solana’s native token SOL (SOL)?Protocols ranked by 7-day fees, USD. Source: DefiLlamaHyperliquid’s core offering is its perpetual futures DEX, which enables traders to access up to 50x leverage on BTC, ETH, SOL, and other assets. It features a fully onchain order book and zero gas fees. Unlike Solana, which supports a broad range of decentralized applications (DApps), Hyperliquid’s layer-1 is…

Texas Senate Bill 21 (SB-21), establishing a Bitcoin and cryptocurrency strategic reserve, passed the Texas Senate Banking Committee on Feb. 27 in a 9–0 vote and now advances to the Senate floor for further deliberation.The bill gives the Texas Comptroller of Public Accounts the authority to acquire, sell and trade any investment “that a prudent investor exercising reasonable care, skill, and caution would acquire.” The bill also read:“Bitcoin and other cryptocurrencies can serve as a hedge against inflation and economic volatility, and the establishment of a strategic bitcoin reserve serves the public purpose of providing enhanced financial security to residents…

The decentralized perpetual futures trading sector has a new leader: Hyperliquid (HYPE). Launched in December 2024, Hyperliquid has its own Layer-1 blockchain, which has surpassed Solana in 7-day fees. What’s fueling its rapid growth, and how does HYPE compare relative to Solana’s native token SOL (SOL)?Protocols ranked by 7-day fees, USD. Source: DefiLlamaHyperliquid’s core offering is its perpetual futures DEX, which enables traders to access up to 50x leverage on BTC, ETH, SOL, and other assets. It features a fully onchain order book and zero gas fees. Unlike Solana, which supports a broad range of decentralized applications (DApps), Hyperliquid’s layer-1 is…

Quick take: The crypto lender currently offers home improvement loans, business loans and debt consolidation services. It also allows crypto investors to use the digital assets as collateral for loans. This investment expands Sixth Street’s presence in fintech after backing consumer lending platform Affirm in a $4 billion deal in December. Figure Lending, a fintech platform that offers credit solutions to both traditional and crypto investors, has received a $200 million investment from U.S. investment management firm Sixth Street. Wall Street Journal reported on Thursday that the investment will allow Figure to issue up to $2 billion in loans and…

In the post-mortem of the $1.5 billion Bybit hack, two blockchain research organizations — Nansen and Chainalysis — have revealed the Lazarus Group’s money laundering strategy, which includes swapping illiquid assets for liquid assets, creating a complex money trail, and letting certain wallets sit dormant to let scrutiny die down.According to Nansen, the typical Lazarus Group strategy first involves swapping the illiquid assets into those that are more fungible and, therefore, easier to move. After the Bybit hack, the perpetrator converted at least $200 million in staked tokens into Ether (ETH), which can be moved much more easily onchain.After this…

Online payments giant PayPal is reportedly eyeing to expand the user base of its US-dollar-backed stablecoin by integrating the asset into several of its products this year. Bloomberg reports that the California-based firm is targeting its more than 20 million small-to-medium-sized merchants to use PayPal USD (PYUSD) by giving them the option to use the stablecoin to pay vendors through the company’s bill-pay product that will be launched by the end of 2025. PayPal’s small business and financial services group general manager Michelle Gill says the idea is to encourage merchants to invite their vendors to use the PayPal network…

Texas policymakers have roughly $24 billion in sovereign wealth as the State’s Senate weighed passing Bitcoin reserve legislation. The Texas Senate Committee on Business and Commerce unanimously supported a bill to invest state surplus dollars into Bitcoin (BTC) as governments mulled crypto reserve adoption. Republican Charls Schwertner, chair of the Committee, scored a landslide 10-0 vote for his proposal titled the Texas Strategic Bitcoin Reserve and Investment Act. The State’s Senate will now consider Schwertner’s following overwhelming bipartisan backing. “Today’s vote was a critical first step in making a strategic investment in Texas’ financial future,” chair Schwertner said in a…

Este artículo también está disponible en español. Dogecoin is trading at key demand levels after two weeks of massive selling pressure, with bears pushing DOGE down more than 30%. The meme coin sector has been hit the hardest during this market-wide correction, which began in mid-January, and as the market leader, Dogecoin has suffered the most. Related Reading Investors have started to question the sustainability of the meme coin rally, especially as sentiment continues to weaken across the board. Glassnode metrics confirm this downward trend, revealing that Dogecoin’s open interest has dropped by 67% over the past three months. With…

Will these secure crypto coins shape the next era of the crypto industry? Bybit released a forensic report detailing the $1.5 billion security breach. Security firm Sygnia found that a malicious JavaScript was injected into Safe{Wallet}’s AWS S3 bucket, altering transactions. This unfortunate incident is another reminder to only trust safe and reputable platforms and assets. To help investors set clear expectations of such risks, we suggest five of the most secure cryptos in the market. Let’s explore more to see why DexBoss (DEBO) and Aureal One (DLUME) are the best cryptocurrencies to invest in today. Top 5 Best Cryptocurrencies…

Sixth Street, a private equity firm with over $100 billion in assets under management, has backed blockchain-based lending platform Figure Technology Solutions with a $200 million investment. Figure and Sixth Street revealed the investment in a press release on Feb. 27. The two firms have formed a joint venture in which Sixth Street’s Asset-Based Finance division will invest $200 million in equity into Figure. The funding will strengthen Figure Connect, the platform’s private credit lending division, by enhancing its loan origination capabilities. According to Sixth Street, the joint venture will inject over $2 billion of liquidity into the non-agency mortgage…