Author: Yeek.io

Five DeFiChain Improvement Proposals (DFIPs) are up for vote in the latest governance voting round.DFIPs:Proposal for Increasing DUSD Minting — Automatic Repay of DUSD loanProposal for Adjusted Fee Structure to Enhance DUSD Liquidity and Trading VolumeProposal Special Interest Groups (SIGs) for DeFiChainProposal to Reallocate Funds from DFIP 2201-A for Community Fund and DUSD BurnForce the peg finallyDFIPsDFIP 1: Increasing DUSD Minting — Automatic Repay of DUSD LoanThis proposal introduces an “Auto-Payback with Collateral” mechanism to provide an alternative to immediate liquidation. By automatically repaying DUSD loans with available DUSD collateral, users gain greater security when minting DUSD while ensuring systemic…

dogwifhat has bounced from an 11-month low after recording a 12% gain in 24 hours.  The recent gains caused over $2M in short liquidations, which was the highest in over two weeks. The memecoin market traded lower on the 29th of January, with the total market capitalization of these tokens falling by around 2% to $92 billion. However, Solana [SOL]-based meme coin dogwifhat [WIF] defied these bearish trends after registering a 12% gain in 24 hours to trade at $1.32 at press time.  WIF is rebounding after dropping to an 11-month low below $1. The dip has attracted buyers, as…

Humanity Protocol, the decentralized identity platform, has raised $20 million in funding. It was led by Pantera Capital and Jump Crypto. The fresh financing brings the fully diluted valuation of Humanity Protocol to $1.1 billion according to a company release. It builds infrastructures for humans to verify their digital presence to reduce the number of bots, deepfakes, and other frauds in online spaces. People can use the platform to scan their palms and authenticate their blockchain-based digital identity while maintaining control over their personal data. The funds will be used for scaling operations, integrating itself into other web3 platforms, and…

INX Digital Company, Inc. is excited to announce its strategic listing of three new cryptocurrencies. These groundbreaking cryptocurrencies are $TRUMP, $MELANIA, and Solana ($SOL). This advanced move strengthens the position of INX in the rapidly evolving crypto market. The listing was held on the 27th of January, 2025, demonstrating the platform’s commitment to ensure the provision of multiple assets in the regulated digital landscape. Solana’s INX Listing Shakes Up the Market Solana is one of the most advanced blockchain networks around the globe as $SOL is recognized for high-speed transactions with low costs, now available on the INX platform. With…

The U.S. Senate accepted Donald Trump’s nomination of Scott Bessent, a pro-crypto billionaire hedge fund manager, as the new Treasury Secretary. Bessent had been quite vocal about his positive outlook on the crypto economy, publicly saying that crypto represents freedom and that it is “here to stay.” Interestingly, Scott Bessent’s appointment has also wiped away the despair that DeepSeek brought to the US stock and crypto markets over the last few days. The crypto market seems positive overall, and is showing signs of recovery, with Bitcoin currently hovering just below the $102,000 mark. Moreover, Donald Trump’s appointment as the US…

Este artículo también está disponible en español. Solana has faced significant downward pressure in the past few days, dropping over 15% as the broader crypto market experiences a selloff driven by speculation and uncertainty. Meme coins, which have been a major catalyst for Solana’s recent growth, are now seeing massive losses, raising concerns about the blockchain’s short-term outlook. With meme coin projects struggling, Solana’s ecosystem is taking a hit, as these tokens have contributed significantly to its transaction volume and network activity. Related Reading Top analyst IncomeSharks shared a technical analysis on X, revealing that Solana still has room to…

OpenSea has officially launched its OS2 platform, a major update that introduces a new user interface and an experience points (XP) system aimed at encouraging greater user participation.The platform, which is currently in private beta, offers exclusive early access to holders of Gemesis NFTs, a move that has drawn significant backlash from long-time users.These users, many of whom have been integral to OpenSea’s success, expressed frustration at being excluded from the beta despite their extensive activity and contributions to the platform. Source: OpenSeaWhat’s new with the OS2 Platform?The OS2 platform brings several notable changes to OpenSea’s user interface, aiming to…

Quick take: The company calls its new service offering “DomainFi” which matches fellow crypto buzzwords like DeFi and GameFi. The service will be built on D3’s blockchain platform, Doma, which is set to launch in the coming months. D3 seeks to turn existing domains into Web3 domains by turning them into NFTs but has also partnered with Solana and Avalanche to power new domains. D3, a blockchain-based domain platform on Wednesday announced a $25 million funding from Crypto firm Paradigm. The fundraising follows a $5 million seed round announced in 2023. The company plans to use the fresh capital to…

Worldcoin has exhibited bearish momentum on the daily chart since mid-December. The steady selling pressure and lack of speculative conviction meant recovery was doubly hard for the bulls. Worldcoin [WLD] has shed 34% in just over three weeks after the buyers enforced a bullish market structure break on the daily in the first week of January. This move was expected to initiate a recovery, but investors have only witnessed pain since then. The looming token unlocks fortified the bearish expectations. Worldcoin bears crumple psychological levels Source: WLD/USDT on TradingView Worldcoin has retraced almost all the way to the 100% retracement…

Jito surged over 8% on Wednesday as the network outpaced several blue-chip blockchain networks in fees. Jito (JTO), the largest liquid staking platform on Solana (SOL), has become the second most profitable entity in the crypto industry after Tether. According to TokenTerminal, Jito has generated over $261 million in fees this year, while Tether has earned $350 million. Jito’s performance has allowed it to surpass some of the biggest players in the crypto industry, including Ethereum (ETH) and Solana. It is also generating more revenue than leading DeFi platforms such as Aave, Uniswap, and Lido Finance. Jito’s rising fees coincide…