Author: Yeek.io

The announcement on January 14 revealed that Soneium’s testnet phase was a success, recording 15 million active wallets and over 47 million transactions. The mainnet now boasts 6.8 million blocks with an average block time of 2 seconds. Over 7.3 million contracts are live on the platform, according to Blockscout data.Soneium’s journey began in August 2024, with the introduction of its testnet, Soneium Minato. Developers and creators used this environment to explore its capabilities, resulting in 32 projects selected from the Soneium Spark incubation program and numerous independent applications spanning entertainment, gaming, NFTs, and finance.The transition from testnet to mainnet…

Is the newly formed Protocol Council the key to strengthening EigenLayer’s protocol security and supporting community-driven growth? On Jan. 14, EigenLayer (EIGEN) announced the formation of the Protocol Council to ensure protocol security and evaluate EigenLayer Improvement Proposals. The news was shared via a tweet from the Eigen Foundation. 3/ The Protocol Council maintains protocol security by reviewing/approving EigenLayer Improvement Proposals (ELIPs), ensuring all changes advance the protocol and support ecosystem growth.This marks a pivotal step in the evolution of EigenLayer’s decentralized governance.— Eigen Foundation (@eigenfoundation) January 13, 2025 EIGEN is a protocol built on Ethereum (ETH) that introduces restaking,…

Top NFT Collections (Last 24h) Here are the hottest NFT Collections of the day. Rank Name Volume Transactions Chains URL 1 Azuki 1,721.10 ETH 122 ethereum View 2 Pudgy Penguins 861.54 ETH 38 ethereum View 3 Azuki Elementals 854.15 ETH 415 ethereum View 4 Doodles 449.81 ETH 114 ethereum View 5 BEANZ Official 392.51 ETH 423 ethereum View 6 Bored Ape Yacht Club 221.58 ETH 15 ethereum View 7 Lil Pudgys 216.68 ETH 91 ethereum View 8 CryptoPunks 184.22 ETH 5 ethereum View 9 Art DeCC0s 159.10 ETH 6094 ethereum View 10 Mutant Ape Yacht Club 127.58 ETH 46 ethereum…

Sygnum, the Swiss-Singapore digital asset banking group, secured $58 million in an oversubscribed strategic funding round, achieving unicorn status and a valuation of $1 billion. The round, led by Bitcoin-focused venture capital firm Fulgur Venture, included new and existing strategic investors and Sygnum team members. This represents a substantial leap from the company’s $900 million valuation earlier this year. Mathias Imbach, Co-Founder and Group CEO of Sygnum, says, “Sygnum’s reaching unicorn status is a strong validation by the market of our business model, strategy, and team. As Switzerland loses ground to other jurisdictions as a preferred digital asset hub, we…

Whale activity highlighted market uncertainty as social volume and sentiment traced bearish trends Technical indicators and liquidation data confirmed persistent selling pressure and oversold market conditions Whale activities in the Dogwifhat [WIF] market continue to dominate headlines, as a prominent player recently withdrew $20.77M worth of WIF at an average price of $1.73 – Incurring a significant $3.27M loss.  However, shortly after, this whale redeposited $17.5M back to Binance, raising questions about their strategic intentions. At press time, WIF was trading at $1.45, following a sharp 6.58% decline in the last 24 hours.  This combination of significant transactions and a…

Spot Bitcoin exchange-traded funds in the United States recorded their third consecutive day of outflows this year, as Bitcoin fell below $90,000 amid a broader market risk-off sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $284.19 million in net outflows on Jan. 13, extending their outflow streak to three days, during which over $1 billion exited the funds. Fidelity’s FBTC led the outflows on Monday, with $113.64 million exiting the fund, followed by ARK 21Shares’ ARKB, which saw outflows of $92.36 million. Grayscale’s GBTC and Bitwise’s BITB also contributed to the negative momentum, with investors withdrawing…

Este artículo también está disponible en español. After reaching a new all-time high (ATH) of over $108,000 in December 2024, Bitcoin (BTC) has declined more than 15%, currently trading in the low $90,000 range. While bulls fear a further drawdown to $85,000, some analysts remain optimistic, suggesting that the premier cryptocurrency could rebound and potentially top out in the summer of 2025. Bitcoin To Top In Summer 2025?  According to crypto analyst Dave The Wave, BTC may peak in the summer of 2025, around the middle of the year. The analyst highlighted that Bitcoin’s price trajectory is likely to continue…

Hi, I’m Stephan Tual, and I’ve been responsible for Ethereum’s adoption and education since January as CCO. I’m also leading our UK ÐΞV hub, located at Co-Work in Putney (South West London). I feel really privileged to be able to lead the effort on the communication strategy at ÐΞV. For the very first time, we’re seeing the mainstream public take a genuine interest in the potential of decentralisation. The feeling of excitement about what ‘could be’ when I first read Vitalik’s whitepaper on that fateful Christmas afternoon is now shared by dozens of thousands of technologists, developers and entrepreneurs. Thanks to the Ether…

Homepage > News > Business > Reserve Bank of India: Rapid AI adoption pose financial stability risks The Reserve Bank of India (RBI) has cautioned that the growing popularity and adoption of artificial intelligence (AI) by the financial sector come with several risks despite the benefits.  In its December 2024 Financial Stability Report, the central bank highlighted the significant market concentration risk within the financial industry and key third-party providers of cloud and AI services. “The evolution and adoption of AI poses several risks to financial stability,” RBI pointed out in the report.  “First, interconnectedness could become enhanced through over-reliance…

  Fibonacci retracement levels indicated areas of strong support and resistance, providing insights into future price movements. This declining MVRV ratio aligns with ETC’s price’s proximity to the 0.618 Fibonacci level, reinforcing the possibility of a rebound. Ethereum Classic [ETC], a widely followed cryptocurrency, recently exhibited notable price movements, sparking interest among traders and analysts.  The daily chart reveals a descending triangle pattern, a structure often signaling potential breakout opportunities. Additionally, critical Fibonacci retracement levels indicated areas of strong support and resistance, providing insights into future price movements.  Fibonacci retracement analysis In the Fibonacci retracement levels, Ethereum Classic’s price recently hovered…