Author: Yeek.io

Blockchain technology has come a long way, yet it still feels intimidating to many. That’s where Abstract Web3, having just launched its mainnet, enters the scene. Built as an Ethereum Layer 2 (L2) solution, Abstract could bring blockchain into the mainstream by focusing on ease of use. Think of it as the missing bridge between traditional online experiences—often called Web2—and the more advanced but sometimes confusing world of Web3. In this article, we’ll look at Abstract’s backstory, examine its technical foundations, explore its features, and discuss real-world applications. We’ll also share simple steps for getting started and consider how Abstract…

Homepage > News > Business > Pro-crypto Scott Bessent chosen as US Treasury secretary The United States Senate has confirmed President Donald Trump’s pick for Treasury secretary, known pro-crypto advocate Scott Bessent. The billionaire hedge fund manager from South Carolina will preside over the nation’s tax collections and its $28 trillion Treasury debt market, holding influence over fiscal policy, financial regulations, international sanctions and investments from overseas. Basset was confirmed on January 27 by a Senate vote of 68 in favor to 29 against, with 16 Democrats supporting the nomination. The 62-year-old was a major donor, fundraiser, and economic advisor…

Andre Cronje, the founder of Sonic, wrote that pressure from the United States Securities and Exchange Commission led to his abrupt departure from the cryptocurrency industry in 2022. In a new blog post, Cronje detailed a years-long struggle with the regulator that ultimately forced him to step away from public engagement with decentralized finance. Cronje, best known for launching Yearn Finance in 2020, said he deliberately avoided raising funds or selling tokens to steer clear of regulatory scrutiny. However, in 2021, he received his first inquiry from the Securities and Exchange Commission requesting details about Yearn Finance’s investors and profit…

WIF pumped 12% on the 29th of January, after the Fed rate decision.  Depending on U.S. inflation data, the memecoin could extend its recovery to $2 or slip below $1.  The Fed rate decision fueled dogwifhat [WIF] resurgence with a 16% pump. Fed chair Jerome Powell reiterated that the agency was open to cutting interest rates even if inflation didn’t come down to the 2% target.  Following the update, Bitcoin climbed to $105K, lifting several altcoins and memecoins, including WIF. But, is it enough to fuel WIF to $2?  Can WIF top $2 again? Source: WIF/USDT, TradingView On the daily…

Grayscale Investments LLC has officially launched the Grayscale Bitcoin Miners ETF (MNRS), providing investors with a unique opportunity to gain exposure to the Bitcoin mining industry. This ETF is designed for those who want to invest in Bitcoin miners without directly purchasing Bitcoin itself, making it an attractive option for traditional investors looking to diversify their portfolios.Introducing the Grayscale Bitcoin Miners ETF ($MNRS) ⛏️ , offering investors targeted, pure-play exposure to Bitcoin Miners and the Bitcoin Mining Industry, available directly in your investment account. Learn more below. Brokerage fees and other expenses may still apply.— Grayscale (@Grayscale) January 30, 2025…

Este artículo también está disponible en español. Solana (SOL) has been navigating extreme volatility as the broader market shifted from bearish to bullish within hours yesterday. After experiencing a sharp 25% decline from its all-time high (ATH) in less than two weeks, SOL tested a crucial demand level and is now making an attempt to recover lost ground. Related Reading Investors remain divided on whether Solana has bottomed or if another pullback is on the horizon. However, early signs suggest buyers are stepping in, defending key technical levels. Top analyst Jelle shared a technical analysis on X, noting that Solana…

Speculations about Ethereum’s potential for a major upswing to a new all-time high in the ongoing cycle swells within the community as many wonder why ETH has underperformed compared to other altcoins. Several factors have been considered to have hindered ETH’s much-awaited rally including weak whale activity. Is Large Investors’ Interest In Ethereum Fading? The euphoria among whale Ethereum investors sparks worries as large-scale transaction volume fails to show any significant increase in the ongoing market cycle. Verified author at the CryptoQuant on-chain platform IT Tech underlined the negative trend, suggesting a lack of strong whale activity. The development implies…

Homepage > News > Business > SmartLaunch brings free blockchain, AI service to the masses Application development is complex, often with a high entry barrier. Blockchain and artificial intelligence (AI) solutions firm SmartLedger has created a service to bootstrap great ideas into minimum viable products (MVPs), even for visionaries without technical skills and financial resources. The latest service, called SmartLaunch, is free for anyone and charges only for access to blockchain microservices via application programming interfaces (APIs). The idea is to take the kind of ideas “that come to you in the shower, lying in bed” and give them a…

HYPE overcame a major resistance level in the past 24 hours, but has more obstacles ahead. Hyperliquid dominated several on-chain metrics, including growing TVL, fees, and perpetual volume. Hyperliquid [HYPE] has seen a significant climb in the past 24 hours, gaining over 16%. This continues its weekly gain of 14.29%. According to AMBCrypto analysis, despite the current obstacles in place, HYPE has a high probability of hitting a new market high as sentiment begins turning in favor of the bulls. Obstacles ahead for HYPE: Where next? HYPE’s significant rally in the past 24 hours came after breaching a major resistance…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana is set to register significant gains, backed by Trump’s executive order signing and the potential for Solana ETF approval; Elluminex seeks to mirror Solana’s meme rally. Crypto analyst Ali Martinez has predicted a Solana ETF approval by March 2025. This is a move that has seen the SOL token record a bullish outlook backed by President Trump’s recent signing of executive orders. With the rising bullish sentiment and an anticipated Solana ETF, can Solana’s recent uptrend momentum push…