Author: Yeek.io

Sonic Labs, formerly Fantom, has announced that Chainlink’s cross-chain interoperability protocol is live on the Sonic mainnet. The integration of Chainlink (LINK) with Sonic allows developers to leverage the features and benefits of the oracle network’s infrastructure. According to an announcement, developers can now use the technology to build and deploy decentralized applications accessible on Sonic and other blockchain networks. Along with CCIP, Sonic Labs has adopted Chainlink’s Data Streams and Data Feeds. This development follows Sonic’s participation in the Chainlink SCALE program in September 2024. “Developers in the Sonic blockchain ecosystem asked for Chainlink, and we’re thrilled that it’s…

President Donald Trump unveiled a monumental private-sector investment aimed at bolstering the United States’ artificial intelligence (AI) infrastructure. The initiative, named “Stargate,” is a collaborative effort between industry giants OpenAI, SoftBank, and Oracle, with an investment commitment of up to $500 billion over the next four years. The announcement was made at the White House, where President Trump was joined by OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle Chairman Larry Ellison. The initial phase of the project involves a $100 billion investment to construct 20 state-of-the-art data centers in Texas, each spanning half a million square feet.…

Hermetica, a globally recognized Bitcoin Layer-2 Stacks-based DeFi protocol, has announced its partnership with Zest Protocol, a top $BTC lending platform. The partnership focuses on releasing $sBTC to boost $USDh, its yield-bearing stablecoin that is supported by Bitcoin. Zest protocol has accomplished a liquidity deal to bring almost $3M in terms of $USDh liquidity. This will make $USDh the biggest stablecoin existing on Stacks. The partnership highlights the Hermetica-based stablecoin $USDh’s scalability, attractive yield apparatus, and design. Hermetica and Zest Protocol to Release $sBTC to Offer High Yields with $USDh Hermetica disclosed that the collaboration with Zest Protocol introduces $sBTC…

Konstantin Lomashuk, Lido Finance’s co-founder, teased a “Second Foundation” for Ethereum as the community debated ongoing changes to administrative structures. Lomashuk first suggested the idea in December, expressing reservations about the Ethereum (ETH) Foundation’s operations amid broad community backlash. “The idea of a ‘Second Foundation’ is more about creating competition between different groups, giving the community a choice,” Lido’s co-founder explained at the same. Lomashuk quoted a Second Foundation X page on Wednesday, signaling intent to follow through with the concept. The development came as many within the Ethereum community, and the larger crypto landscape, criticized the Ethereum Foundation’s structure,…

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from…

Quick take: The Seed round was closed at a valuation of $50 million. Founded in 2021, Keplr claims to be the largest Cosmos chain-based wallet with over 2 million users. The company has since expanded its service to include EVM-compatible networks. Keplr, a self-custodial crypto wallet service provider built on the Cosmos chain has raised $5 million in a seed round led by 1Confirmation. The fundraising also attracted participation from Coinbase Ventures, HashKey Capital, Chorus One Ventures, Skip Protocol, Binary Builders and others.  The fundraising was closed at a valuation of $50 million, according to a report by The Block.…

Leveraged tokens and perpetual futures represent two distinct approaches to achieving leveraged exposure. At the heart of leveraged tokens’ unique behavior lies their rebalancing mechanism, designed to maintain leverage within a targeted range. This contrasts with perpetual futures, where the leverage factor fluctuates in tandem with the price movements of the underlying asset.But beyond the mechanics, how do these instruments fare in the real world? Which scenarios favor the performance of one over the other? And importantly, how can one use this knowledge to select the most appropriate instrument for their needs?This article delves into these questions by examining various…

Dogecoin holders have stayed patient through consolidation. With “hype” building, is the breakout finally here? Dogecoin [DOGE] looks ready to break out, eyeing its Q4 rally high of $0.48 from last year. Why? With a DOGE ETF creating ‘sell-the-news’ buzz and its growing influence in U.S. politics, the coin is just 16% shy of its post-election surge. So, could HODLers finally see their patience rewarded? Don’t get swayed  With all the “hype” around Dogecoin, including its symbol showing up in important places, that 16% spike doesn’t seem too far off. Add in the growing interest in a DOGE ETF, and…

DryRun Security, a Texas-based startup specializing in AI-powered application security (AppSec), has raised $8.7 million in seed funding led by LiveOak Ventures, with participation from Cannage Capital. The funding will fuel the company’s engineering growth and expand its Go-To-Market (GTM) strategy. Addressing AppSec Challenges: As businesses manage increasing volumes of code, AppSec teams struggle to pinpoint security risks amid growing backlogs and outdated code scanning tools. DryRun Security’s innovative approach finds critical vulnerabilities—” the needle in the haystack” – to identify unknown risks before they escalate. Innovative Solutions: Co-founded in 2023 by AppSec veterans James Wickett and Ken Johnson, DryRun…

Aptos consolidated in the $7.50-$8.50 accumulation zone, signaling potential for a bullish rally. Open Interest at $224.99M (+8.89%) reflected renewed speculative activity as APT neared the $10 resistance level. Aptos [APT] has experienced a sharp correction, but at press time, the price had moved to consolidate in a crucial accumulation zone between $7.50 and $8.50.  This zone, marked on the chart as an “area to hold for continuation,” indicates strong buying interest that could pave the way for further bullish momentum. The Relative Strength Index (RSI) indicated neutral-to-bullish conditions, leaving room for upward movement.  Source: X If APT successfully clears…