Elysium, the first Layer 2 (L2) network in the Hyperliquid ecosystem, has launched its mainnet.

According to Bloomberg, Qatari officials stated: "Reports detailing the U.S.-Iran cooperation plan are untrue. The U.S. and Iran are currently discussing the agreement’s details with mediators." Earlier, The Jerusalem Post reported that two diplomatic sources familiar with the negotiations disclosed that Al Thani brought a plan to reopen the Strait of Hormuz, which had been approved by Iran. Iran appears to have abandoned its demand to control the Strait of Hormuz and charge tolls for passing vessels. (Jinshi)

According to a post on his social platform by Telegram founder Durov, more than 700,000 new self-custody wallets have been created on Telegram in the past 48 hours. He noted that adoption is spreading virally: wallets activate immediately once users receive Grams. Durov also stated that the crypto revolution continues to advance.

According to official announcements, Avalanche will serve as the core ledger technology provider for the clearing process of the NYSE-linked tokenized securities platform, delivering underlying ledger infrastructure to the platform’s clearing institution. Following the news, AVAX briefly rose as much as 6.4% and is currently trading at $8.52. In terms of network activity, over the past seven days, the number of transactions on Avalanche C-Chain reached around 2.3 million, with a daily average of approximately 329,000, marking a roughly 13% increase from the prior week. However, the rebound in transaction count has not translated to stronger DeFi trading demand: seven-day DEX volume over the same period stood at $471 million, down roughly 18% week-over-week, while on-chain fees totaled around $1.5 million, a 34% week-over-week drop. Funding metrics also show divergence. Avalanche’s current DeFi total value locked (TVL) is around $608 million, up roughly 14% week-over-week, driven primarily by growth in protocols such as Aave V4; however, on-chain stablecoin holdings stand at approximately $1.32 billion, still below previous levels. Compared to its historical peak metrics, Avalanche’s current state remains dismal. Its TVL hit around $11.5 billion in December 2021, and is now only about 5% of that peak; stablecoin holdings reached roughly $4.7 billion in March 2022, and currently equal 28% of that level. The seven-day DEX trading volume peaked at around $6.7 billion, and is now just 7% of that high. Transaction volume also lags far behind its peak period: Avalanche C-Chain’s seven-day transaction count hit approximately 41.8 million in December 2023, and is now around 2.3 million.

According to Avalanche’s official blog, Avalanche will serve as the core ledger technology provider for the clearing process of the New York Stock Exchange (NYSE)-affiliated tokenized securities platform, supplying the underlying ledger infrastructure for the clearing institution powering the upcoming platform. The NYSE’s parent company, Intercontinental Exchange (ICE), operates across trading platforms, clearing, fixed income, and data services. Dennis Lee, head of digital issuance at the NYSE, noted that the ledger for recording and settling transactions needs to be fast, reliable, cost-predictable, and able to control participants—requirements Avalanche meets. The official emphasized that financial institutions do not need to rework their operations around a single blockchain; instead, infrastructure should be designed based on market demand. For market operators, dedicated infrastructure grants greater control over performance, capacity, cost, permissions, and system operation methods.

Data from the BIT Stock Platform shows that the three major U.S. stock index futures all rose approximately 1%. The Nasdaq futures gain widened to 1%, the S&P 500 futures climbed 0.9%, and the Dow Jones futures increased 1.1%.

According to a report by Al Arabiya TV, sources disclosed that Iraqi Prime Minister put forward a proposal to end the Iran war during a phone call with US President Donald Trump. Trump expressed approval of the proposal raised by the Iraqi Prime Minister in the conversation. Trump requested the Iraqi Prime Minister to play a mediating role on the Iran issue and convey the relevant proposals aimed at ending the war to Tehran. (Jinshi)