Author: Yeek.io

Arbitrum has teamed up with modular layer-1 network zkVerify to make zero-knowledge proof verification faster for blockchain developers. Proof verification on Arbitrum (ARB) is about to become more efficient and cost-effective as zkVerify has integrated with the layer-2 solution, reducing verification costs by 91%, crypto.news can exclusively report. Zero-knowledge proofs let users verify information without exposing sensitive details, but they can be expensive and slow to process. By offloading this task to zkVerify, Arbitrum developers and users gain faster verification and lower costs. For instance, the integration allows decentralized finance users to prove creditworthiness with reduced fees, while DAOs can…

Trading online is gaining quite a buzz with Statista predicting this market could be worth $13B by 2026. However, traders must deal with the dilemma of picking between CEX and DEX, both of which have benefits and challenges. This is where DTX Exchange (DTX) comes in. It is a revolutionary trading platform designed to eliminate all weaknesses and create a hybrid. As such, they position themselves as the only trading platform traders will ever need. Those interested are now buying its native token, DTX, which is in phase eight of its presale. Since early buyers of this altcoin are already…

Tesla’s Bitcoin bet is paying off in a big way. The electric vehicle giant reported a $600 million unrealized gain on its Bitcoin holdings in Q4 2024, thanks to a new accounting rule update that allows companies to reflect fair market value for their crypto assets. This marks a significant shift in how corporate crypto holdings are reported, bringing greater transparency to balance sheets. Accounting Rule Change Gives Tesla A Boost For years, companies holding Bitcoin had to follow outdated accounting standards that only recognized impairment losses—meaning if BTC price dropped, companies had to report the loss. But if the…

Este artículo también está disponible en español. The FED has kept interest rates unchanged at a range of 4.25% to 4.50% after three consecutive rate cuts. Jerome Powell, FED chair, said that the policymakers are in no hurry to adjust their policy stance, which has been ‘significantly less restrictive.’ Unemployment rates have also stabilized at lower levels during the past few months, and labor market conditions look strong. Even better, Powell’s stance seems pro-crypto. He claimed banks can offer crypto services to customers, which is a bullish signal few people expected. This could shine bright on new crypto projects looking…

Homepage > News > Business > Cantor has ‘no equity’ in Tether, Trump makes $250M crypto bet U.S. President Donald Trump has found yet another way to make ‘crypto’ bank while Tether’s biggest Wall Street fan says artificial intelligence (AI) will scrub away its crypto crime stains. On January 29, Howard Lutnick, the boss of Wall Street financial services firm Cantor Fitzgerald (NASDAQ: ZCFITX) and Trump’s nominee for Secretary of Commerce, sat for a Senate confirmation grilling that only briefly questioned his ties to Tether, the issuer of the largest stablecoin by market cap (USDT). On January 27, Sen. Elizabeth…

A Chinese artificial intelligence (AI) model called DeepSeek has taken the tech world by storm, soaring to the top of Apple‘s App Store downloads and shaking up the global AI industry. Its rapid rise has caught the attention of investors, AI experts, and even political leaders, triggering shifts in financial markets and raising questions about China’s growing dominance in AI development. The latest version of DeepSeek was released on January 20, 2025, it has been making waves among AI professionals and immediately drew the entire tech industry into its spotlight. Today, it is a global phenomenon, triggering debates on innovation,…

  The percentage of SHIB wallets that are in profits has dropped to 47%, marking the lowest level in three months. The declining MVRV ratio also indicated that traders were seeing reduced unrealized profits on their holdings.  Shiba Inu [SHIB] was trading at $0.0000186, at press time, after a slight 0.9% gain in 24 hours. Despite this, the meme coin remains down nearly 7% in the last seven days.  One factor affecting SHIB’s performance could be a decline in wallet profitability, which has dampened investor sentiment. Wallets in profit hit a 3-month low  The number of profitable Shiba Inu wallets has…

Este artículo también está disponible en español. Once more, the price movement of Dogecoin draws attention. An analysis shows that DOGE may climb by 30% should positive momentum continue, therefore guiding the meme coin towards $0.43. Given Dogecoin’s signals of strength, traders are monitoring key technical levels to see whether a breakout is about to happen. Related Reading Dogecoin Gains Bullish Momentum In recent weeks, Dogecoin has been consolidating, but there are indications that a breakout is imminent. According to analysts, DOGE has set up solid support levels, and growing purchasing pressure suggests that the price may be about to…

Investors Stay CautiousRecent data from On-chain metrics indicated that around 122,000 ETH worth around $390 million flowed into exchanges. That would suggest that investors booked profits on Ethereum’s breakthrough above $3,000 amid some caution. Despite the heavy selling pressure, ETH hasn’t seen any violent sell-off yet. That should mean investors do not expect any prolonged downturn, but rather have secured their gains in the short term.Ethereum remains in a consolidation phase, with traders looking for signals of renewed buying interest. The MVRV Score, which measures market valuation, is still below 1.0. This suggests ETH is undervalued but has room for…

ABN AMRO, the third-largest bank in the Netherlands, has completed on-chain trading with stablecoins in a pilot with German exchange 21X. Netherlands‘ third-largest bank ABN AMRO has completed a trading trial with 21X, a Frankfurt-based digital asset exchange, which tested on-chain settlement for tokenized securities using stablecoins. In a Jan. 30 announcement, 21X said the test involved listing a tokenized asset on its on-chain market. ABN AMRO issued an ERC-3643 token on the Polygon Amoy Testnet, while 21X paired it with an ERC-20-based “E-Money Token,” without naming the asset. “As part of our launch preparations we are now in the…