Author: Yeek.io

Journalist Posted: December 31, 2024 Coinbase delisted USDT as MiCA guidelines became effective. USDT market cap has dropped by $4B as insiders called the delisting a ‘Tether FUD.’ In mid-December, crypto exchange Coinbase delisted Tether’s USDT from its platform, citing ‘non-compliance’ with EU’s crypto regulation MiCA (Markets in Crypto Assets Regulation), one of the most robust crypto standards that became effective on the 30th of December. As one of the largest USD-pegged stablecoins by market cap, Tether’s USDT has enjoyed dominance until recently, when the market began re-adjusting to MiCA’s guidelines.  According to a recent Kaiko report, Circle’s USDC, the…

In an ongoing series of X updates, Shytoshi Kusama—widely known as the lead developer behind the Shiba Inu (SHIB) project—has shared significant insights into the upcoming launch of TREAT, the fourth and last official token in the Shiba Inu ecosystem. With SHIB: The Metaverse having opened its early access phase on December 25, Kusama’s recent comments suggest that TREAT is poised to become the central focus of the Shiba Inu roadmap in early 2025. TREAT’s Role In The Shiba Inu Ecosystem On December 31, Kusama took to X to offer clarity on TREAT’s functionality. In a now widely circulated post,…

Welcome to this week’s eth2 quick update! tldr; Shasper joins Prysmatic’s testnet Parity’s eth2 client, Shasper, successfully joined Prysmatic’s Sapphire Testnet marking the first public multi-client eth2 testnet. This is the exciting start of many multi-client testnets to come in the next month. You can now pull down the Shasper codebase and with a few commands, and connect to the Sapphire testnet. If you want to give it a shot, follow the instructions here. Eth2 block explorers launch Not one but two (!) eth2 block explorers recently launched. Both of these block explorers currently monitor Prysmatic Labs’ Sapphire Testnet, providing…

Top NFT Collections (Last 24h) Here are the hottest NFT Collections of the day. Rank Name Volume Transactions Chains URL 1 Pudgy Penguins 600.56 ETH 27 ethereum View 2 Azuki 383.60 ETH 31 ethereum View 3 Bored Ape Yacht Club 360.48 ETH 26 ethereum View 4 Lil Pudgys 264.35 ETH 115 ethereum View 5 Azuki Elementals 257.62 ETH 131 ethereum View 6 USDApe 238.00 ETH 538 polygon View 7 CryptoPunks 196.33 ETH 5 ethereum View 8 Fluid Vault 175.00 ETH 1 ethereum View 9 Kaito Genesis 141.08 ETH 12 ethereum View 10 OCH Genesis Ring 98.34 ETH 10 ethereum View…

A proposition to add Bitcoin to Switzerland’s national reserves has been set in motion by the Swiss Chancellery. Proposed by a coalition of ten Swiss crypto advocates, including Tether’s Vice President of Energy and Mining Giw Zanganeh and Swiss think tank 2B4CH founder Yves Bennaïm, the initiative needs 100,000 signatures to advance a constitutional amendment mandating the Swiss National Bank to hold Bitcoin alongside gold as part of its monetary reserves. The proposal was initially submitted on Dec. 5 and officially registered in Switzerland’s Federal Gazette on Dec. 31, marking the beginning of an 18-month window to solicit the required…

ETH outshines BTC An in-depth analysis by AMBCrypto revealed that the percentage of ETH holders who kept their assets for over a year rose from 59% in January 2024 to 75% by December 2024, according to IntoTheBlock data. This contrasted sharply with Bitcoin, where the proportion of long-term holders declined from 70% to 62.3% over the same period. Source: IntoTheBlock The growing retention rate for Ethereum suggested heightened confidence among investors, driven by expectations of future network upgrades and broader utility. Meanwhile, Bitcoin’s decline in long-term holders may reflect profit-taking or diversification strategies, indicating a potential shift in market sentiment…

Illegal crypto ads remain widespread as the FCA struggles to crack down, data shows. The British Financial Conduct Authority has failed to remove all illegal crypto ads as nearly half of flagged promotions still online, the Financial Times has learned, citing data obtained through a freedom of information request. Between October 2023 and October 2024, the FCA issued over 1,700 alerts about illegal crypto ads, apps, and websites. However, less than 55% were taken down. The FCA has the power to fine or prosecute companies that break new rules requiring crypto ads to be approved by the regulator or an…

ETH 1.x: a fast sync The new direction of ETH 1.x research has begun proper, with a focus on moving the current Ethereum chain towards the ‘stateless client’ paradigm, with the eventual target being a smooth transition into an Eth 2.0 Execution Environment. The next call will be focused on collecting and organizing research topics and planning a more structured roadmap. The call is open for anyone to attend, and is scheduled for December 17th at 16:00 UTC — if you would like to join, please DM Piper Merriam or James Hancock on the ethresear.ch forum. This post is a…

Chainlink saw dormant circulation spikes from long-term holders after the rejection at $30. Lack of conviction from the large holders meant the rally was unlikely to continue. Chainlink [LINK] experienced a “Trump Pump” earlier this month, resulting in a 21% hike in a single day when Trump-affiliated World Liberty Financial (WLF) bought $1 million worth of LINK tokens. Over the past two weeks, some on-chain metrics indicated increased sell pressure from whales. The price move to $30 was used to secure profits. Can we expect a Chainlink accumulation above $20 and a renewal of the upward momentum? Whale transaction spike…

On New Year’s Eve, Montenegro authorities announced that Terraform Labs co-founder Do Kwon was extradited to the United States. The development comes after the Minister of Justice signed the order for his extradition, concluding the prolonged battle between the US and South Korea to bring the crypto entrepreneur to trial. Terraform Labs Founder Handed Over To US Authorities On December 31, Montenegro extradited Do Kwon to the United States to face trial over his role in Terraform Labs’ collapse in 2022. As reported by The Korean Herald, the country’s interior ministry announced the end of the extended extradition saga in…