Author: Yeek.io

JPMorgan Chase, along with other major US banks, has made a decisive move away from the Net Zero Banking Alliance (NZBA), signaling a significant shift in Wall Street’s stance on climate-related financial alliances. As of this week, JPMorgan’s exit from the NZBA marks the culmination of a larger trend, with firms like Morgan Stanley, Citigroup, Bank of America, Wells Fargo, and Goldman Sachs following suit. The banks are increasingly choosing to advance their green finance agendas independently, sparking debate over the role of financial institutions in promoting climate action. What is Net Zero Banking Alliance (NZBA)? The Net Zero Banking…

Blockchain tracking firm Lookonchain says one savvy crypto trader is looking at $17.64 million in profits from four artificial intelligence (AI) related digital assets. According to Lookonchain, one anonymous trader raked in multi-million dollar profits on each of the following digital assets that are on the Solana (SOL) network: Goatseus Maximus (GOAT), ai16z (AI16z), Fartcoin (FARTCOIN) and AI Rig Complex (ARC). “What a smart AI coin trader! Profits exceeded $5.14 million on GOAT. Profits exceeded $4.5 million on ai16z. Profits exceeded $4 million on Fartcoin. Profits exceeded $4M on Arc.” Lookonchain says the trader made a more than 8,287% gain…

With a significant move at the start of the week, Bitcoin has revisited the pivotal $100,000 milestone once again. This move has triggered a wave of fresh optimism among crypto enthusiasts as several key metrics have also seen positive movements alongside the recent upswing. BTC’s Market Dynamics Undergoes A Shift Bitcoin’s market dynamics are showing signs of a bullish shift as the Coinbase Premium Index metric moves in a positive direction. The recent upsurge in Bitcoin’s price appears to have triggered a notable change in the critical metric. This index, which reflects the price difference between Bitcoin on Coinbase and…

Este artículo también está disponible en español. The world’s largest cryptocurrency may be at risk of a supply shock as demand from United States (US) Spot Bitcoin Exchange Traded Funds (ETFs) has surged far beyond expectations. In December 2024, the volume of BTC acquired through Spot Bitcoin ETFs more than tripled the amount mined during that same month, underscoring the severe imbalance between supply and demand.  Spot Bitcoin ETFs Trigger Supply Shock Risks In December 2024, US Spot Bitcoin ETFs purchased an astonishing 51,500 BTC. On the other hand, BTC miners produced only 13,850 coins during the same period, according…

Part I Sometimes Ethereum is compared to a singleton Virtual Machine.  While this is correct in some sense; I think it is a bit more. First of all what is a singleton in a distributed system? It is merely a set of values that some threshold of participants have come to consensus on.  A Virtual Machine is a computational environment that is isolated from the physical computer and from other environments. A hypervisor allows the physical machine to be multiplexed into many VMs. According to this definition a common hypervisor is the web browser where webpages are VMs. Another example…

The Indian government has urged states to intensify surveillance for respiratory illnesses, including influenza-like illness (ILI) and severe acute respiratory infections (SARI), following the detection of seven human metapneumovirus (HMPV) cases in the country. The Health Ministry has also emphasized raising public awareness while reassuring citizens that there is “no need to panic,” according to a PTI report on Tuesday. Amid growing concerns, two new HMPV cases were reported from Nagpur, Maharashtra, adding to the tally that now stands at seven. Earlier, two cases were identified in Bengaluru, Karnataka, and another in Gujarat, where a patient tested positive after being…

XRP’s Super Trend Indicator flipped bullish, historically linked to massive price surges. Key metrics and exchange activity signaled a growing bullish momentum. The Super Trend Indicator on Ripple’s [XRP] 12-hour chart has flipped bullish once again, as reported by Ali, a renowned analyst on X (formerly Twitter). This is significant because the last time it occurred, XRP experienced a 470% surge in value. The indicator, which market participants rely on to identify prevailing market trends, is now aligning with the bullish narrative for the altcoin. This signal comes at a time when XRP’s price recently bounced off a bullish pennant…

I’ve been thinking about this a lot lately: Bitcoin Layer 2 foundations need to start holding bitcoin in their treasuries. It makes too much sense for them not to.And apparently I’m not the only one.As someone who’s watched this space evolve, let me explain why Bitcoin Layer 2 foundations should listen to Molly and I.For years, bitcoin was known as “digital rock”—a solid store of value but not much else. But now with the explosion of Bitcoin Layer 2s, bitcoin is becoming a “programmable rock.” These layers are adding functionalities like smart contracts and scaling solutions, making bitcoin more versatile…

Este artículo también está disponible en español. In a new essay published on Monday, Arthur Hayes—renowned digital asset investor and former CEO of BitMEX—contends that the crypto market is poised to rally strongly in the first quarter of 2025 before topping out sometime in “mid to late March.” Hayes’s latest essay, titled “Sasa,” delves deep into several macroeconomic variables, including US Federal Reserve (Fed) policy, US Treasury General Account (TGA) balances, the Fed’s Reverse Repo Facility (RRP), and political uncertainty in Washington. Hayes began his essay by setting a vivid scene from Japan’s Hokkaido ski resorts, likening dangerous backcountry conditions…

Last month marked the 2 year anniversary of Ethereum’s public announcement at The North American Bitcoin Conference in Miami, Florida, USA. Amid much rumour and excitement, a sizeable crowd mobbed the young Vitalik Buterin after his on-stage announcement, questioning the merit and his desire to build such a system. It can be hard to truly appreciate how far we’ve come in the last couple years. Sometimes it feels as if the cryptoeconomic sphere moves at such a blistering speed that weekly news announcements have become the norm rather than the exception. Interest in the field has exploded for lots of…