Author: Yeek.io

AVAX’s Open Interest (OI) surged by 6.50%, hinting at the buildup of new positions On-chain metrics revealed that exchanges have seen outflows of AVAX worth $3.54 million AVAX, the native token of Avalanche, appears to be making a U-turn after a notable price decline in recent days. Like other major cryptocurrencies, AVAX is gaining attention from traders and investors due to its bullish pattern on the four-hour chart. AVAX price momentum At the time of writing, the altcoin was trading near $34.60, having surged by over 3.05% in the last 24 hours. However, over the same period, participation appears to…

Este artículo también está disponible en español. PEPE bulls are setting their sights on a breakout, but the $0.00001313 resistance level stands as a major obstacle. After a promising recovery attempt and momentum building, buyers must prove their strength to push the price higher.  This key level has already acted as a barrier, and another rejection could shift control back to the bears, potentially triggering a fresh downturn. With upside pressure building, a decisive move above $0.00001313 is set to renew bullish dominance, fueling optimism for further gains.  However, failure to break through might lead to increased selling pressure, putting…

What Is a Hard Fork?A hard fork occurs when a blockchain splits into two distinct networks. It happens as a result of modifications to the blockchain’s code that render the previous version incompatible. Developers, network users, or the community may suggest modifications to improve functionality, security, or speed. The network can break up if the community is not entirely in agreement.The fork allows both cryptocurrencies to share the same blockchain history up until the block where the fork occurred; thereafter, each independent blockchain continues on its own.Reasons for Hard Forks:Fix security vulnerabilities.Improve transaction speed or efficiency.Add new features to the…

Automated trading fueled 70% of stablecoin transaction volume last year, with Base surpassing Ethereum due to bot-driven activity, a survey reveals. A new survey by crypto exchange CEX.IO, which cited Allium’s data, reveals that automated trading bots handled 70% of stablecoin transaction volume in 2024, based on an analysis of blockchain activity across Ethereum, Base, and Solana. Per the exchange, on average, 77% of 2024’s total stablecoin transaction volume fell into the unadjusted category, largely driven by bot transactions. Stablecoin transaction volume | Source: Allium The bot activity experienced a fourfold increase compared to 2023, increasing its share from 80%…

Homepage > News > Business > AI adoption in India may impact 38 million jobs: report Generative artificial intelligence (GenAI) is set to revolutionize India’s workforce and reshape its economic landscape by 2030. AI adoption could impact 38 million jobs, contributing a 2.61% productivity boost to the economy through the organized sector, with an additional 2.82% potential growth from GenAI adoption in the unorganized sector. According to the latest Ernst & Young (EY) India report, intelligence costs have been reduced, thanks to the open-source movement and the trend to use purpose-specific small language models (SLMs).  This is making AI accessible to smaller businesses, and very…

Satoshi Action Fund CEO Dennis Porter revealed North Dakota has introduced a bill that will protect the rights of Bitcoin miners and holders. In a recent post on Jan. 31, Porter said that North Dakota Representative Nathan Toman has introduced a bill to protect the rights of Bitcoin (BTC) users. “I can confirm that a bill to protect the rights of Bitcoiners has been introduced in the state of North Dakota by Rep. Toman,” wrote the Satoshi Act Fund co-founder and CEO. According to Porter, the bill is set to uphold four main principles related to Bitcoin rights. These include…

Mevvy, an execution platform for MEV searchers, has raised $2.8 million in seed funding led by Multicoin Capital, with additional investment from Chapter One Ventures, Hypersphere, and a small group of strategic angel investors. Some of the notable investors in the round include founders of leading platforms like Nathan Allman of Ondo, TN Lee of Pendle, Guy Young of Ethena, Georgios Vlachos of Axelar, and Jeffrey Feng and Jay Jog of Sei Network. Mevvy’s platform simplifies the searchers’ process, which are MEV traders, when removing the technical complexity that is related to blockchain transaction ordering and execution. MEV traders exploit…

U.S. SEC has cleared the first step for Bitwise’s combined BTC and ETH ETF trading.  A sign-off on S-1 will effectively allow public trading of the product.  The U.S. SEC has approved Bitwise’s combined Bitcoin[BTC] and Ethereum [ETH] ETF, clearing the first step needed for the eventual trading. On the 30th of January, the regulator approved the issuer’s 19b 4 filing (proposed rule change) via the New York Stock Exchange (NYSE). The combined ETF will initially be able only to redeem and create 10,000 daily shares. Part of the approval order read, “The Trust will create and redeem Shares from…

The Czech National Bank (CNB) is considering adding Bitcoin to its national reserves, with Governor Aleš Michl proposing to allocate up to 5% of the country’s €140 billion reserves to the cryptocurrency. If approved, this move would make the CNB the first Western central bank to hold Bitcoin. Michl argues that Bitcoin could serve as a diversification tool amid growing global interest in crypto investments, particularly after the introduction of Bitcoin ETFs by major financial institutions like BlackRock. The CNB board has yesterday approved an internal analysis to assess the potential risks and benefits of holding Bitcoin as part of…

Este artículo también está disponible en español. In a freshly shared four-hour chart of the DOGE/USDT trading pair on Binance, crypto analyst Carlos Garcia Tapia warns of potential downside for Dogecoin as weekend trading approaches. “If bears break this pattern, it’ll get ugly… especially since the weekend is coming,” Tapia warns. Dogecoin Price Crash Incoming? His chart posted via X depicts an ascending wedge formation running into a confluence of resistance between $0.338 and $0.343, as well as a notable support zone in the $0.31 region. The chart highlights higher lows (marked as “LL” on the chart) forming the lower…