Author: Yeek.io

Special thanks to Vlad Zamfir for his work in developing many of the ideas behind prediction markets for content curation. For the past six years, people have been searching to try to find those elusive applications of blockchain technology that could finally break out into the mainstream. For cryptocurrency, the applications are largely already known – though it of course remains to be seen just how well it will be able to retain its advantages as traditional payment systems continue to become more efficient. But what about smart contracts and crypto 2.0? One route that we can take is to…

NFTs have been on a rollercoaster journey since their explosive rise in 2020-2021. These digital assets quickly captured mainstream attention, only to face sharp criticism and a market downturn in subsequent years.However, 2024 has brought signs of revival, with Pudgy Penguins standing out as a leading project in this resurgence. This NFT collection recently made headlines when its floor price surpassed the value of a single Bitcoin, showcasing the renewed interest in high-value digital collectibles.With Bitcoin reaching new all-time highs and institutional interest in blockchain technologies growing, the NFT space is finding opportunities to regain momentum. Source: Pudgy PenguinsPudgy Penguins…

US equity benchmarks were mixed on Wednesday as stronger than expected employment data raised concerns over future pace of rate cuts by the Federal Reserve. At the time of writing, the Dow Jones Industrial Average was down 0.3%, while the S&P 500 index was little changed from the previous close. The Nasdaq Composite was also flat at the time of writing.  Sentiments were hit after CNN reported that President-elect Donald Trump is considering declaring a national economic emergency to push through new tariffs. Stocks were coming off a losing session from Tuesday. The faster pace of growth in the US…

Crypto market data shop SoSoValue has raised $15 million in a Series A funding round, reaching a $200 million valuation ahead of a token and indices launch. ETF tracking platform SoSoValue plans to launch a crypto spot indices protocol and four wrapped tokens following a $15 million cash raise led by SmallSpark.ai and HongShan, previously known as Sequoia China. Called the SoSoValue Indices protocol, the crypto market data provider will allow investments through an ensemble of tokens issued on Base, an Ethereum scaling solution backed by crypto exchange titan Coinbase. The four wrapped tokens, including MAG7.SSI, MEME.SSI, DEFI.SSI, and USSI,…

HYPE is currently trading within a descending channel, with the potential to fall further depending on how it reacts at its current level. Key indicators and Total Value Locked (TVL) remain bearish. However, the RSI is gradually hinting that sell pressure may be easing. Hyperliquid [HYPE] ranks among the top losers in the market, dipping 16.57%, over the past 24 hours. This decline has reduced its monthly gains to 64.93%. The token’s movement at its current price level will determine whether it stages a significant rally or faces further losses as market sentiment weakens. Will HYPE yield positively from this…

Este artículo también está disponible en español. Bitcoin and crypto ETPs continue their impressive performance just a week into the new year. According to a CoinShares report filed by James Butterfill, crypto ETPs saw massive $585 million inflows in the first few days of the year. Analysts say this early strong performance of the crypto ETPs continues the impressive run of the assets from last year. Related Reading In the same CoinShares report, crypto ETPs achieved over $44 billion outflows in 2024, with Bitcoin as the most-traded digital asset. Bitcoin saw $38 billion in inflows, representing nearly 30% of all…

Este artículo también está disponible en español. Fidelity Digital Assets, a subsidiary of global financial services firm Fidelity Investments, has released a new paper titled “2025 Look Ahead: Is it ‘too late’ to enter digital assets?” The publication dedicates significant attention to the ongoing competition between Ethereum and Solana. Authored by Max Wadington, the section “Ethereum Outlook” provides a close look at fundamental metrics, upcoming network upgrades, and the broader implications for investors heading into 2025. Solana Vs. Ethereum In 2025 In a notable excerpt comparing Solana and Ethereum, Wadington explains: “We think fundamentals are most important for long-term investors.…

A lot of things have happened in the past few weeks in the Ethereum ecosystem, so many that it might be hard for a casual observer to understand where we are and what’s available out there. So I would like to use my first post here to give you an overview of the tools we’ve built and how you can use them to build interesting things right now. But first a short introduction: I am Alex Van de Sande and I am the lead designer on the Ethereum foundation. At DevconOne I gave a talk entitled “The Blockchain Versus The…

Quick take: Existing investors HSG and SmallSpark led the round with Mirana Ventures and SafePal participating. The fundraising brings the total raised closer to $20 million following a $4.15 million seed round announced last year. SoSoValue leverages AI algorithms that analyse data from multiple sources and present it in an “intuitive dashboard.” SoSoValue has raised $15 million in a Series A round led by existing investors HSG and SmallSpark. The fundraising also attracted participation from Web3-focused venture capital firm Mirana Ventures and crypto software company SafePal. The Series A round brings the total raised closer to $20 million following a…

San Francisco-based blockchain developer team Movement Labs is set to close a $100 million funding round as the company seeks fresh capital amid a resurgent crypto market. The Series B round will value the blockchain developer behind Movement, an integrated blockchain network and layer 2 on Ethereum (ETH), at $3 billion, Reuters reported on Jan. 8.  Crypto-focused venture capital firm CoinFund led the financing round, with participation from London-based investor Brevan Howard. Investors in the round are expected to receive both equity stakes and Movement (MOVE) tokens. Movement’s significant capital raise highlights growing interest from the investing world in crypto…