Author: Yeek.io

Major US equity benchmarks rose on Thursday, starting off the new year on a positive note after sharp gains in 2024. At the time of writing, the Dow Jones Industrial Average was up 0.8%, while the S&P 500 index also rose 0.8%. The Nasdaq Composite climbed 0.9% from the previous close. Energy stocks helped build gains on Thursday with Chevron rising 1.5% and renewable stock Enphase Energy surged more than 5%. Meanwhile, shares of Tesla dropped after the company posted declines in annual deliveries last year. Stocks fell in the last few sessions of last year, but the year still…

Quick take: The Solayer protocol seeks to horizontally scale the Solana Virtual Machine (SVM) akin to what EigenLayer is to the Ethereum network. Solayer Labs, also announced an upcoming season one claim, without providing specific dates. The LAYER token will be distributed in three phases with season one available to all eligible participants and protocol partners. Solayer Labs, the company developing Solayer, a crypto restaking protocol on Solana has announced the formation of Solayer Foundation, the non-profit organisation that is focused on accelerating the mission of scaling distributed systems, starting with Solayer. “The Foundation’s role is to support advanced research…

After breaking out of a bullish pattern, Destra crypto now faces a significant resistance level. There was an influx of liquidity into DSYNC, influencing the overall positive sentiment. Following a 9.32% decline over the past month, Destra [DSYNC] has begun to recover, posting an 18.27% gain in the last week. This rally accelerated over the past 24 hours, with the asset surging by 27.23%. Market signals indicate that DSYNC still has room for additional upside. According to analysis by AMBCrypto, the asset’s recent performance is largely driven by market participants injecting liquidity despite previous slowdowns. Halfway to a new all-time…

Este artículo también está disponible en español. The crypto market showed signs of revival yesterday, with several assets experiencing significant price surges after weeks of subdued action. Chainlink (LINK) stood out, gaining over 15% in just 24 hours, solidifying its position as one of the stronger altcoins in the current environment. This sharp recovery highlights growing interest in LINK as market sentiment shifts. Related Reading Renowned analyst Jelle shared a technical analysis on X, revealing a critical development in Chainlink’s price action. According to Jelle, LINK has successfully flipped a key resistance level into support—a bullish signal that often precedes…

Do Kwon, the South Korean cryptocurrency entrepreneur and co-founder of Terraform Labs, pleaded not guilty on Thursday to a series of criminal fraud charges in a Manhattan federal court.  This comes just days after his extradition from Montenegro, where he had been detained for over a year. His case centers around the collapse of TerraUSD and Luna (LUNC), which collectively lost an estimated $40 billion in 2022. Ordered To Remain In Custody Following Court Appearance According to a Reuters report, federal prosecutors unsealed a nine-count indictment accusing Kwon of multiple offenses, including securities fraud, wire fraud, commodities fraud, and conspiracy…

Solidity Optimizer and ABIEncoderV2 Bug Announcement Through the Ethereum bug bounty program, we received a report about a flaw within the new experimental ABI encoder (referred to as ABIEncoderV2). Upon investigation, it was found that the component suffers from a few different variations of the same type. The first part of this announcement explains this bug in detail. The new ABI encoder is still marked as experimental, but we nevertheless think that this deserves a prominent announcement since it is already used on mainnet. Additionally, two low-impact bugs in the optimizer have been identified over the past two weeks, one…

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Tesla CEO Elon Musk made a significant charitable contribution just before the new year, donating 268,000 Tesla shares, valued at approximately $108 million, to unnamed charities, according to a regulatory filing released on Tuesday as per a Reuters report. This philanthropic gesture, framed as part of his “year-end tax planning,” follows a pattern of similar donations from previous years, indicating a recurring strategy of using stock to support charitable causes. Philanthropy as part of tax strategy The filing indicated that the beneficiaries of Musk’s generosity are “certain charities” that have “no current intention to sell such stock,” suggesting a longer-term…

The disgraced co-founder of the Terra (LUNA) ecosystem is set to appear in a US court today after recently being extradited from Montenegro. According to a new report by Reuters, Do Kwon is facing fraud charges in the US related to the multibillion-dollar downfall of Terra in 2022 and will make his first court appearance on the matter. Kwon was initially arrested in March of 2023 in the Balkan nation after being caught attempting to board a flight to the United Arab Emirates with a fake Costa Rican passport. He had been evading authorities since the crash of Terra and…

Do Hyeong Kwon, the South Korean cryptocurrency figure once hailed as the “crypto king,” appeared in a Manhattan federal court on Thursday, pleading not guilty to a newly unsealed indictment. This marked his first US court appearance, two days after his extradition from Montenegro, and it set the stage for a legal battle over the spectacular collapse of his cryptocurrency venture. The case has sent ripples through the crypto world as it grapples with issues of regulation, transparency, and accountability. Allegations of deception and manipulation The indictment alleges that Kwon deceived investors between 2018 and 2022, persuading them to pour…