Author: Yeek.io

Stablecoin developer Usual is under scrutiny after changing 1:1 redemption mechanism for USD0++, its yield-bearing staked token tied to the USD0 stablecoin. USD0++, the staked version of the USD0 stablecoin by Usual, dropped to $0.92 — 8% below its previous redemption value — after new early exit options triggered a sell-off and disrupted its largest Curve pool. USD0++ is not a stablecoin. It is a staked version of USD0, designed to lock funds for four years while earning USUAL tokens as rewards. Previously, USD0++ could be redeemed 1:1 with USD0, but now users must choose between two exit options: a…

Amid the renewed corrections in the broader cryptocurrency markets, an upcoming meme coin Pippin (PIPPIN) is making waves with its incredible performance. Apart from its performance, it is gaining traction among whales meaning that increasing numbers of investors and traders are showing interest in it.   Whale accumulates Pippin Today January 10, crypto analyst AI Yi shared an interesting post on the X platform. According to the data, a whale spent $1.324 million to buy Pippin at an average cost of $0.2297 for each token. As per the data, this is the first time the wallet address has purchased Pippin. The…

Follow Frank on X. Two days ago, the atebites X account pointed out that THORChain’s lending service currently has nowhere near enough bitcoin to repay its creditors.As of the time of the post, the total amount of bitcoin to be repaid to depositors was 1,604, while the lending pool only had 592 bitcoin in it.We need to be raising awareness on just how bad of a shape Thorchain lending is right now, posing a potential risk to the protocol itself.As it stands, at current mark to market rates for RUNE, complete loan closure will mint 24 million RUNE.1,604 in BTC…

Este artículo también está disponible en español. An analyst has revealed what may need to happen for Ethereum to rally toward the $6,000 mark, based on a pattern currently forming in its price. Ethereum Has Appeared To Be Moving Inside An Ascending Channel Recently In a new post on X, analyst Ali Martinez has discussed a pattern that Ethereum has potentially been following recently. The pattern in question is the “Ascending Channel” from technical analysis (TA). Related Reading Parallel Channels form when the price of an asset consolidates between two parallel trendlines. The upper level of the channel is drawn by…

Genesis is roughly 4 hours away, here are a few last minute pointers for those preparing: All clients are functional on all platforms and build to completion: http://ethereum-buildboard.meteor.com/ Please note that it will take a little while (10-1000 blocks) before the network stabilises. This is a marathon, not a sprint. For this reason we will not make the Genesis block hash known until a solid consensus has been formed. We will not announce the –extradata immediately either – if we did, we might as well launch centrally. We’ll let the community come to a consensus on what it is (as…

Whispers of a new player in the blockchain and cryptocurrency game are circulating, fueled by the recent reactivation of the dormant Twitter account, @MrGreed, after a 15-year silence. This unexpected resurgence coincides with record-high fear and greed indices in the crypto market, sparking speculation about a carefully orchestrated plan. Adding to the intrigue, Mr. Greed has launched a TikTok challenge, inviting participants to unleash their creativity with videos featuring a duck and the question, “Who’s Mr. Greed?”. The creator of the video garnering the most views within a week of the launch of the enigmatic financial game, “Greed,” will receive…

Homepage > News > Business > This Week in AI: Biden administration’s AI chip exports restriction Biden administration proposes tiered restrictions on AI chip exports The Biden administration is making what looks like a final effort to implement measures that further protect the artificial intelligence (AI) hardware and innovation developed and exported from the United States. The administration has proposed a new policy that can go into effect as soon as January 10, to limit the distribution of semiconductors specializing in processing AI applications. The proposal introduces a three-tier ranking system to regulate AI hardware exports. Tier One countries can…

South Korea’s Cube Entertainment is under scrutiny after its CEO, Kang Seung-gon, was accused of allegedly misleading investors into a cryptocurrency investment that resulted in significant financial losses. A coalition of investors has accused Kang of promoting Nestree, a cryptocurrency launched by South Korean blockchain firm Nestree Media Group, as a promising investment with guaranteed returns, according to a Jan. 9 report by local media outlet The Korea Economic Daily. Nestree Media Group advertised itself as a blockchain-based technology company specializing in community-focused messenger services and e-commerce platforms. Its cryptocurrency, Nestree, was listed on major South Korean exchanges, including Coinone…

GOP leader and Billionaire businessman Donald Trump will be the first sitting U.S. President to hold meme coins. Magic internet money maybe, but the President has some.  Once sworn in as the 47th President of the United States, Donald Trump would be the only sitting U.S. leader in history with meme coin holdings. Arkham reported roughly $8 million worth of meme coins in Donald Trump’s crypto wallet. The White House returnee holds $5.5 million of TROG tokens, $1.5 million of a TRUMP meme, 1.3 billion GUA coins valued at almost $400,000, and $167,000 TRUMPIUS. Donald Trump used to be a…

Blockchain tracking firm Lookonchain says one savvy crypto trader generated astronomical returns on an artificial intelligence (AI) related digital asset in just three months. According to Lookonchain, an anonymous trader pulled in massive profits after buying nearly 21 million utility tokens for the AI agent project ai16z (AI16Z). “This trader spotted ai16z early on October 25th, 2024. He bought 13.45 million ai16z with $70,000 and 7.45 million ai16z for $547,000. He currently holds 6 million ai16z ($11.04 million), with a total profit of $11.5 million – a 16,564% return!” AI16Z is trading for $1.37 at time of writing, down 20.4%…