Akasha Launches Revolutionary Layer 0 Blockchain: Bridging Web3 and Traditional Finance
LUXEMBOURG, March 28, 2025 (GLOBE NEWSWIRE) -- Akasha proudly announces the launch of its groundbreaking Layer 0 blockchain, AK1111, designed to redefine blockchain interoperability and revolutionize the digital financial ecosystem. Developed over six years by an expert team of 60 senior blockchain engineers, Akasha is poised to eliminate complexities in crypto transactions and drive mainstream adoption.
Akasha serves as a seamless interoperability layer, effortlessly bridging Web1, Web2, Web3, and traditional financial systems. The technology mirrors the universal life force concept, connecting diverse digital ecosystems and enabling secure, verifiable transactions without intermediaries.
'Crypto doesn't have to be complicated,' states Akasha's development team. 'Our mission is to simplify blockchain usage, ensuring even the most inexperienced users can effortlessly send and receive digital assets. Whether it's Bitcoin, Ethereum, or traditional fiat, Akasha connects them all.'
Akasha's innovative utility token, AK1111, is at the heart of this ecosystem. Available on Baseswap, Ultronswap, and via swaps on MetaMask, AK1111 facilitates seamless transactions across different blockchains, already achieving an impressive all-time high price of $3.57 and a liquidity peak of $7.5 million. With over 60,000 organic token holders, community-driven growth underscores Akasha's early success.
In addition to its groundbreaking blockchain technology, Akasha introduces its unique Super Nodes program, providing significant passive income opportunities. Node holders can earn between 5% to 12% monthly passive income for a decade by participating in Akasha's robust transaction network, funded directly from the ecosystem's transaction fees.
Interested parties can explore the Super Nodes program at https://akashanode.io.
Akasha's ambitious roadmap features continual ecosystem enhancements, rolling out innovative features bi-weekly to ensure the platform remains at the forefront of blockchain interoperability.
For detailed insights, token purchases, or further information, visit Akasha's official site at https://akasha.info.
Contact:
Akasha Team
About Akasha
Akasha, launched in September 2024, is a Layer 0 blockchain dedicated to simplifying digital asset transfers across diverse blockchain platforms. With a vision to eliminate traditional financial barriers, Akasha unites technology, finance, and everyday usability into one seamless digital ecosystem.
Disclaimer: This press release is provided by Akasha. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector--including cryptocurrency, NFTs, and mining--complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. Speculate only with funds that you can afford to lose. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.
Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
41 minutes ago
- Yahoo
Billionaire Ray Dalio sends blunt warning about ticking debt bomb
Billionaire Ray Dalio sends blunt warning about ticking debt bomb originally appeared on TheStreet. Ray Dalio, the billionaire hedge fund manager who founded Bridgewater Associates, expects "non-government produced monies" like Bitcoin and gold to perform well as most countries, including the U.S., the U.K., China, and Japan, face similar debt and deficit problems. Dalio also recommended investing in Bitcoin and gold as part of portfolio diversification as general advice, though he underlined that everyone's financial situation is different. The above are only a few of the points discussed in Dalio's newly released book, "How Countries Go Broke: The Big Cycle In a Tiny Nutshell." The book is a warning about the U.S. facing a potential economic collapse due to the rising national debt. As the debt outweighs revenue, the government usually chooses to go forward with either of these two options: borrow more or print money. The former leads to more debt and debt payments, and the latter leads to currency devaluation, Dalio warned. The U.S. is close to the verge of witnessing an "economic heart attack" due to its debt problem, the billionaire hedge fund manager warned, echoing the sentiments of Elon Musk who had an ugly public spat with President Donald Trump over the same issue. Over the next ten years, Trump's "big, beautiful bill" could add up to $3.8 trillion to the already rising national debt of $36.9 trillion, the Congressional Budget Office estimates. The passage of the bill has faced several challenges from close quarters. However, it could also offer an opportunity for investors to choose Bitcoin as a hedge against excessive government debt. As per Kraken, Bitcoin was trading at $108,948.65 at press time. Billionaire Ray Dalio sends blunt warning about ticking debt bomb first appeared on TheStreet on Jun 10, 2025 This story was originally reported by TheStreet on Jun 10, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
41 minutes ago
- Yahoo
Cathie Wood's ARK Invest: Bitcoin Gains Coming Alongside Clear Stress in Housing, Autos
Bitcoin's BTC rise to new all-time highs is happening on a backdrop of deep economic strain, according to a new report from Cathie Wood-led ARK Invest. Bitcoin's 11.1% climb in May, outpaced gold and broke through key resistance levels, said ARK. Gains also coincided with clear signs of stress in the housing and auto sectors, traditionally seen as pillars of U.S. consumer strength. In housing, the number of sellers has far outpaced buyers, a trend ARK links to the Federal Reserve's steep rate hikes since 2022. With affordability deteriorating, pressure is mounting on prices in what remains the largest source of household net worth. Meanwhile, auto sales, which surged earlier this year in anticipation of tariffs, collapsed in May — falling to 15.6 million units from above 17 million just a month prior. As these markets soften, bitcoin appears to be catching some of the capital looking for yield and resilience, ARK noted. Spot bitcoin ETFs drew $5.5 billion in May — more than triple the inflows seen in gold ETFs, which dropped sharply during the same period. ARK noted that bitcoin's current rally doesn't yet reflect speculative excess. Profit-taking behavior remains measured, with unrealized gains sitting well below the levels that marked prior bubbles. For investors moving away from stressed real-world assets, bitcoin may be serving not as a gamble, but as a calculated reallocation in a shifting economic landscape. Sign in to access your portfolio
Yahoo
41 minutes ago
- Yahoo
Ether More Favored by Traders as Volatility Against Bitcoin Hits Highest Since FTX Crash
Ethereum's ether ETH token, which has been in the shadows of bitcoin BTC for a long time, is now becoming the new favorite. Data from TradingView shows that the spread between Volmex's annualized 30-day ether implied volatility index (EVIV) and bitcoin's 30-day index (BVIV) has jumped to 34%, the highest since November 2022. Back then, the FTX exchange went bust, destroying billions in investor wealth. The widening spread indicates that the market expects significantly larger price swings for ether, and perhaps the broader crypto market, compared to bitcoin in the coming weeks. Ether has recently outshone bitcoin in terms of price gains, largely due to renewed institutional interest in the cryptocurrency. Notably, in the past 24 hours, ether has risen 8% to $2,728, outperforming almost every major cryptocurrency, including market leader bitcoin, which has gained just 1%, CoinDesk data show. "Ethereum is pumping up with new money. Over the past two weeks, Ethereum ETFs have attracted $812 million, the biggest amount since the beginning of this year," Alex Kuptsikevich, chief market analyst at The FxPro said in an email. While inflows into the ether spot ETFs have picked up pace, BTC ETFs have managed to draw in less than $400 million in the past two weeks, according to data source SoSoValue. According to the Singapore-based trading firm QCP, several factors have aligned in favor of the ether bulls. "Looking ahead, macro tailwinds are aligning for ETH. With the GENIUS Act advancing in the US Senate, Circle's IPO discussions resurfacing, and stablecoins gaining regulatory traction, Ethereum's native role in tokenization and settlement rails may be primed for outsized structural upside," QCP said in a market update. The bias for ether is also evident from the fact that on options exchange Deribit, ETH call options are trading at a premium of at least 2% to 3% relative to puts out to the March 2027 expiry. On the contrary, BTC calls are trading at 0.5%-1.5% premium, according to data source Amberdata. In other words, traders are paying more for the upside exposure in ether compared to bitcoin. "ETH options markets have surged with 30-day call-skew hitting 6.24% and funding rates spiking to 0.009%, while the term structure of volatility has reinverted once more," analytics firm Block Scholes said in its daily in to access your portfolio
