Naga Avan-Nomayo

1 week ago | theblock.co | Naga Avan-Nomayo

UPDATED: April 17, 2025, 12:20PM EDT Quick TakeConverge’s Ethereum-compatible network will launch in Q2 2025, combining permissionless decentralized finance (DeFi) products and institutional permissioned offerings. The chain will employ Arbitrum and Celestia technologies with Conduit’s G2 sequencer for improved transaction speeds and optimized data features. Gas tokens will include USDe and USDtb, as well as a validator system built on staked ENA, according to Ethena and Securitize.

1 week ago | theblock.co | Naga Avan-Nomayo

Early crypto enthusiasm from January faded as the first quarter of 2025 unfolded into macro-driven uncertainty, with global superpowers locked in an ongoing trade conflict. Amid the turmoil, decentralized finance total value locked — a metric for onchain deposits — declined by $48.9 billion, marking a 27.5% drop, according to a CoinGecko report. Rather than mass withdrawals, the report attributed the decline to a general downtrend in altcoin prices.

1 week ago | theblock.co | Naga Avan-Nomayo

Raydium, Solana’s biggest DEX by cumulative volume, unveiled an anticipated token launch tool to rival popular memecoin factory Pump.fun. Dubbed LaunchLab, the platform enables users to launch tokens and integrates directly with Raydium’s liquidity pools, while also allowing third-party platforms to set transaction fees. The move marks the latest phase of escalation between the two Solana-based products, which previously worked together in a strong mutual partnership.

1 week ago | theblock.co | Naga Avan-Nomayo

New macro pressures chafed traditional and crypto markets on April 16 as sentiment remained volatile due to ping pong escalations in the global commerce frontier, primarily between the United States and China. Late on Tuesday, stocks of chipmaker Nvidia dropped up to 8% after market hours. The sell-off seemed tied to a potential $5.5 billion revenue knock from licensing constraints on H20 chips exports to China, which were disclosed in a filing with the Securities and Exchange Commission.

1 week ago | theblock.co | Naga Avan-Nomayo

Dennis Dioukarev, a long-serving Swedish MP, has asked Finance Minister Elisabeth Svantesson about a potential national bitcoin policy — a growing trend among European nations and in the United States. Under President Donald Trump, the U.S. plans to convert its seized BTC stockpile into a strategic reserve. On Monday, Dioukarev suggested a similar path for Sweden to strengthen its currency reserves with bitcoin, alongside fiat and gold, without spending public funds.