Psy Protocol has launched its public testnet, introducing a revolutionary blockchain architecture that promises internet-scale throughput while maintaining Bitcoin-level security. The protocol demonstrates million-TPS capacity in internal benchmarks, addressing one of blockchain’s most persistent limitations and potentially enabling fully on-chain versions of platforms like Amazon and eBay to compete with their centralized counterparts.
about Psy Protocol Testnet Launches with Million-TPS BlockchainAmber Group
0 in Finance and 0 in Crypto last weekTiantian Kullander: Crypto Pioneer’s Legacy
Tiantian ‘TT’ Kullander, the visionary co-founder of Amber Group, revolutionized the crypto space by merging traditional finance expertise with digital asset innovation. Born in Beijing and raised in Sweden, TT excelled academically and professionally, from leading Durham University’s Finance Society to trading at Morgan Stanley. In 2017, he launched Amber Group, which grew into a $3B unicorn, while also contributing to DeFi through KeeperDAO. His sudden passing in 2022 at age 30 shocked the crypto world, leaving behind a legacy of brilliance, kindness, and fearless innovation. Colleagues like Arthur Cheong praised his humility, and Amber Group’s continued growth honors his pioneering spirit.
about Tiantian Kullander: Crypto Pioneer's LegacyHong Kong Sets Up Crypto Task Force Post-JPEX Probe
Hong Kong authorities are establishing a specialized cryptocurrency task force following the JPEX exchange investigation, underscoring the government’s commitment to tighter oversight of the digital asset sector. The task force will likely focus on enhancing regulatory frameworks and investor protections as the city aims to balance innovation with risk management in its burgeoning crypto market. This development comes amid global calls for clearer crypto regulations and could position Hong Kong as a leader in Asia’s blockchain governance.
about Hong Kong Sets Up Crypto Task Force Post-JPEX ProbeShardeum Mainnet Launches with $0.01 Fees & 171K Validators
Shardeum has launched its Mainnet following a highly successful testnet phase with over 1.4 million participants and 171,000 validator nodes—the highest among Layer 1 testnets. The EVM-compatible blockchain introduces autoscaling, dynamic state sharding, and a Proof-of-Quorum Optimistic (PoQo) consensus mechanism to maintain low fees and high throughput. Key features include a permissionless validator network, open-source development, and seamless integration with popular wallets like MetaMask. Backed by prominent investors, Shardeum’s Mainnet marks a significant step toward a scalable and decentralized Web3 future. The Token Generation Event (TGE) accompanies the launch, with a circulating supply of 249 million SHM tokens.
about Shardeum Mainnet Launches with $0.01 Fees & 171K ValidatorsTheo Raises $20M to Bridge Wall Street and Crypto Retail
Theo, a blockchain-based trading infrastructure provider, has raised $20 million in a funding round co-led by Hack VC and Anthos Capital, with participation from firms like Manifold Trading, Miranda Ventures, and Amber Group. The platform, founded by former quant traders, aims to give retail investors access to advanced trading tools like high-frequency trading and market making, typically reserved for institutional players. Theo’s infrastructure supports both centralized exchanges and DeFi protocols, with nearly $29 million in total value locked (TVL) as of April 23, though down from its February peak. The company is part of a broader trend of blockchain firms bridging institutional and retail finance, fueled by growing institutional interest in crypto via Bitcoin ETFs, tokenization, and stablecoins. A Coinbase-EY survey suggests most institutions plan to increase crypto allocations, with DeFi adoption expected to rise significantly in the next two years.
about Theo Raises $20M to Bridge Wall Street and Crypto RetailMantra Launches $108M Fund to Boost Blockchain Adoption
Mantra has launched its $108.8 million MANTRA Ecosystem Fund (MEF) to foster blockchain adoption, particularly in real-world asset (RWA) tokenization. The fund, deployed over four years, will support high-potential projects at any development stage, including chain-agnostic initiatives. Backed by investors like Three Point Capital and Amber Group, MEF aims to position Mantra as a leader in Web3 innovation. Additionally, Mantra recently secured a VASP license in Dubai, enabling regulated DeFi operations, and partnered with DAMAC to tokenize $1 billion in assets. Despite a slight dip in its token price, Mantra remains a resilient player in the crypto market.
about Mantra Launches $108M Fund to Boost Blockchain AdoptionVeterans Launch Altius Labs to Support Crypto Projects Like Solana
Anit Chakraborty and Annabelle Huang, veterans from the quantitative trading sector, have launched Altius Labs to assist crypto projects in emulating the success of the Solana network. They secured $11 million in a pre-seed funding round co-led by Peter Thiel’s Founders Fund and Pantera, utilizing a SAFE agreement and token warrants.
about Veterans Launch Altius Labs to Support Crypto Projects Like Solana