This new chain, built by Ethena Labs and Securitize, is designed to be the settlement layer for on-chain finance and RWAs. Celestia provides the underlying infrastructure.

Ava Labs President John Wu discusses Avalanche's accomplishments in bringing TradFi and gaming enterprises onchain.

Arbitrum launched Converge, a new blockchain-focused on tokenizing real-world assets (RWAs) and boosting on-chain finance.

Ethereum Layer-2 protocol Arbitrum has launched Converge, a new blockchain designed to serve as a settlement layer for tokenized real-world assets (RWAs) and on-chain finance. Created by Ethena Labs and Securitize, Converge aims to bring billions of dollars in stable assets into decentralized finance (DeFi).

The crypto market registered a substantial drop on Wednesday before recovering towards the end of the day after Federal Reserve Chair Jerome Powell flagged concerns about inflation and slowing growth due to tariffs. However, markets recovered as crypto remained strong in the face of adversity even though traditional stock markets took a beating.

The price of Avalanche (AVAX) has halted its fall above the $15 support.

AAVE's ecosystem upgrade could mark the beginning of a new wave of liquidity inflows.

TL;DR Converge, the upcoming blockchain developed by Ethena and Securitize, is scheduled to launch its mainnet by the end of Q2 2025. It will leverage Arbitrum's scalability technology and Celestia's data availability layer to deliver superior performance with low latency.

Decentralized finance (DeFi) protocol Ethena and tokenization firm Securitize said they will use part of Arbitrum's tech and data availability network Celestia for their real-world asset focused, Ethereum-compatible blockchain, aiming to launch mainnet in the second quarter of this year.

After falling from its Macro Range, Aptos (APT) has faced rejection from key levels. Amid its 15% monthly decline, some analysts suggest that APT's party won't continue until the $5 resistance is reclaimed.

Solana, Cardano, and Avalanche are currently leading the cryptocurrency market losses, with each experiencing drops of over 5% in the past 24 hours.

Operation Avalanche showcased how the Secret Service worked across borders with Canadian law enforcement and blockchain analysts to disrupt a sophisticated $4.3M Ethereum phishing operation. The joint effort identified compromised wallets and alerted victims before additional assets could be stolen. The post Secret Service & Canada Target $4.3 M Ethereum Phishing Scam in “Operation Avalanche” appeared first on Cryptonews.

Bitcoin (BTC) has risen above $85,000, signaling that the bulls are trying to form a higher low at $83,000. The short-term price action remains susceptible to news related to the US tariffs and the ongoing trade war with China.Gold has been a clear winner during the current bout of macroeconomic uncertainty.

TL;DR Over 50M Arbitrum users can now access ZetaChain without switching networks or relying on external bridges or complex swaps. dApps use universal contracts that connect natively with chains like Bitcoin, Ethereum, Solana, and Arbitrum. ZetaHub now lets users view balances, transfer assets, and provide liquidity from Arbitrum with a seamless, single-network experience.

The crypto market tanked over the past 24 hours, with the market cap declining almost 3% to $2.63 trillion as bearish sentiment returned. Bitcoin (BTC) peaked at a local high of $86,397 before investors began booking profits.

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The SEC of the Philippines has opened applications for its Strategic Sandbox (StratBox) program, aimed at fostering innovation in the growing field of crypto-asset services. The post Philippines SEC Opens Applications for Crypto-Focused Regulatory Sandbox appeared first on Cryptonews.

The altcoins underperformed relative to the broader market in today's trading, despite some encouraging recent news emerging for the Solana ecosystem.

The total value of real-world assets (RWAs) on the Arbitrum network has surged over 1,000-fold since the start of 2024.

Avalanche displayed impressive performance in the past seven days, gaining over 35% to hover at $20 during this publication. The bullish outlook emerged as the protocol's total value locked (TVL) bounced back in April, ending the downtrends that dominated since early January. The shifting sentiments have sparked debates about AVAX's potential price recovery.

Avalanche's 16% weekly surge and VanEck's ETF filing boost investor confidence as price targets $30 with rebounding DeFi ecosystem activity.

Avalanche surged 16%, with TVL recovery and a potential breakout toward $30 resistance in sight.

The price of Avalanche (AVAX) is trading at the bottom of the chart as it has touched the $15 support twice.

The cryptocurrency market slipped by 1.56% in the past 24 hours on Sunday, pulling the global market cap down to $2.66 trillion as major assets saw mixed performance. Altcoins Diverge as Trading Volume Declines This week in crypto markets, bitcoin ( BTC) maintained its dominance, trading at $83,781 with a slight 1.

Crypto prices had a mixed performance last week, with popular tokens like Onyxcoin, Fartcoin, Jasmy, Hyperliquid, and Helium soaring. Other altcoins like Tezos, EOS, Movement, Toncoin, and Ethereum crashed by double digits.

Avalanche (AVAX) is carving a niche as a blockchain network with boundless scalability but one expert is highlighting its real-world use case in finance. Crypto expert Olivia Vande Woude says Avalanche will change the landscape for traditional finance as we know it.

Acting SEC Chair Mark Uyeda has hinted that the agency may explore a “sandbox” rule for tokenized securities, according to Fox Business reporter Eleanor Terrett. This could be a short term relief framework for digital assets that could allow both registered and unregistered crypto firms to innovate while the agency frames the permanent solutions.

The SEC is considering a regulatory sandbox to allow crypto exchanges to experiment with tokenized securities.

SEC leadership floated the possibility Friday of regulatory exemptions that would allow crypto exchanges to experiment with the trading of tokenized securities.

The US Securities and Exchange Commission (SEC) may propose a sandbox approach to crypto trading, before deciding on a new framework tailored to the challenges of digital tokens.

Mark Uyeda, acting chair of the United States Securities and Exchange Commission, has hinted that the regulator could consider a regulatory ‘sandbox' for crypto firms looking to offer trading of tokenized securities.

Securities and Exchange Commission (SEC) acting chairman Mark Uyeda has suggested the potential creation of a conditional regulatory sandbox for blockchain-based securities trading. Uyeda made the remarks during the SEC Crypto Task Force's second roundtable on April 11, which focused on crypto trading platforms.

Bitcoin (BTC) is showing strength as buyers have pushed the price above $82,500, but higher levels are likely to attract solid selling from the bears. CryptoQuant analysts said in a recent market report that Bitcoin could face resistance around $84,000, but if the level is surpassed, the next stop may be $96,000.Although trade tensions between the United States and China have flared up, institutional crypto investment firm Bitwise remains bullish on Bitcoin.

Cryptocurrencies struggled in the past sessions as macroeconomic developments, including Trump's trade war, dented the appetite for risk assets. However, Sonic defied the bearish trends with consistent total value locked (TVL) growth. Sonic's TVL skyrocketed past $1 billion in April (data extracted from DeFiLlama), reflecting massive growth in 2025 (so far).

Balancer has deployed its v3 protocol on Avalanche, marking another expansion into one of the fastest-growing DeFi ecosystems.

The SEC is set to list the VanEck Avalanche Trust, a new spot ETF. It would give investors exposure to the AVAX token without needing to buy or store it directly.

According to a document submitted on Thursday to the Securities and Exchange Commission (SEC), Nasdaq has requested a regulatory amendment to allow the listing of VanEck's Avalanche ETF. This request represents the latest step in a series of similar initiatives featuring some of the leading fund management companies, aiming to ride the wave of growing interest in alternative digital assets to Bitcoin and Ethereum.

The VanEck Avalanche ETF is one of a slew of funds proposed in recent months to track altcoins.

Avalanche (AVAX) soared to an intraday high of $18.75 after news of Nasdaq filing to list the VanEck Avalanche ETF, but it had pulled back to $17.73 at press time. While the price surge sparked excitement among crypto enthusiasts, the correction has raised questions about whether AVAX can breach the $20 mark.

Nasdaq filed a 19b-4 form on behalf of VanEck to list an eventual Avalanche (AVAX) ETF. The VanEck Avalanche ETF was filed in March, along with a proposal from Grayscale.

TL;DR Nasdaq has officially submitted an application to the SEC to list VanEck's proposed Avalanche ETF, offering regulated exposure to the AVAX token without direct purchase. VanEck continues to expand its crypto ETF portfolio, adding Avalanche to its prior filings for Bitcoin, Ethereum, and Solana.

A blockchain with Meta DNA, Aptos faces a challenge of differentiation in an increasingly skeptical market. Head of ecosystem Pampati talks with CoinDesk ahead of his appearance at Consensus 2025 in Toronto May 14-16.

American stock exchange Nasdaq has filed an application with the United States Securities and Exchange Commission (SEC) to list and trade shares of the VanEck Avalanche Trust, a proposed exchange-traded fund (ETF) designed to offer indirect exposure to the AVAX token.The filing, signed by Nasdaq's executive vice president and chief legal officer John Zecca, requests approval to list and trade shares of the VanEck Avalanche ETF under the company's Rule 5711(d), which governs the trading of commodity-based trust shares. If approved, the VanEck Avalanche ETF would allow investors to gain exposure to the price of Avalanche (AVAX) without directly holding them.

The volume profile tool highlighted the key AVAX support levels for investors to keep an eye on.

Centrifuge collaborates with Wormhole to enhance multichain asset tokenization, starting with Anemoy's $230M Janus Henderson Treasury Fund, aiming for seamless blockchain interoperability.

Arbitrum was one of the early layer-2 blockchain solutions that amassed mainstream popularity with many crypto holders adding this token to their long term bag as well.

Arbitrum DAO is at the center of a voting manipulation controversy after one user spent 5 ETH worth around $10,000 to buy 19.5 million ARB ($6.5 million) votes. Crypto analyst Ignas shared the incident on X, noting that it could have massive consequences for decentralized governance.

Arbitrum DAO faces scrutiny as vote-buying through Lobby Finance sparks debate over decentralized governance, highlighting vulnerabilities in token-weighted voting systems and calls for reform within blockchain-based decision-making processes. The post Lobby Finance Vote-Buying on Arbitrum Raises Alarms Over DAO Security and Governance Integrity appeared first on Cryptonews.