Author: Yeek.io

Homepage > News > Business > Last Week in AI: AI investments boom; Apple intelligence under fire The boom of AI investments Perplexity AI, the startup positioning itself as a competitor to Google Search (NASDAQ: GOOGL), recently raised $500 million in funding, bringing its valuation to $9 billion. This highlights a broader trend in the artificial intelligence (AI) industry: the overwhelming appetite for AI investments, even as many of these companies remain unprofitable. Despite their operational costs—which include training AI models, running resource-intensive systems, and competing in a talent war—startups like Perplexity AI continue to attract investor dollars. In North America, AI funding…

AAVE price rebounded for the second consecutive day, erasing some losses from last week, as smart money investors bought in and exchange balances declined. AAVE (AAVE), the largest lending protocol in the crypto industry, climbed to $341 on Monday, Dec. 23, marking a 25% increase from its lowest level last week. This recovery pushed the token’s market cap to over $5 billion. The rally was not driven by any specific AAVE-related news but seemed tied to the broader rebound in DeFi tokens. Curve DAO Token (CRV) rose by 10%, while Raydium (RAY) was up by 5%. Other leading DeFi tokens,…

We’re excited to introduce Chainlink Smart Value Recapture (SVR)—a novel oracle solution designed to enable DeFi applications to recapture the non-toxic Maximal Extractable Value (MEV) derived from their use of Chainlink Price Feeds.  The initial version of Chainlink SVR was built in collaboration with BGD Labs, Flashbots, and other contributors to the Aave DAO and will initially focus on enabling DeFi lending protocols to recapture oracle-related MEV from liquidations. Built on top of Chainlink infrastructure, SVR systematically reduces unnecessary third-party dependencies and eliminates the need to integrate intermediary smart contracts, making it a very minimal lift for existing Chainlink Price…

BitMEX co-founder Arthur Hayes was spotted moving millions of dollars worth of altcoins to crypto exchange Binance. According to blockchain tracking firm Lookonchain, Hayes sent over $8.47 million worth of Ethena (ENA) to Binance, presumably to sell on the open market. “Arthur Hayes previously accumulated 16.79 million ENA ($11.21 million) at $0.67 between Nov 26th and Nov 28th, making a profit of $7.7 million at the current price.” Source: Lookonchain/X According to blockchain “de-anonymizing” service Arkham, Hayes also sent an additional $2.42 million worth of ENA to another wallet containing over $11 million worth of crypto. Arkham notes that the…

Crypto analyst Master Kenobi has presented a master plan, suggesting that Floki (FLOKI), a dog-themed meme coin, is on the brink of a massive breakout. While Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced notable price surges in the past, Floki is projected to skyrocket by at least 1,100% in Q1 2025. Floki Set For 1,100% Pump In Q1 2025 In a recent X (formerly Twitter) post, Master Kenobi expressed optimism about Floki’s future price prospects. He based his forecasts on historical price cycles, which appear to follow a predictable pattern every 365 days.  The analyst shared a chart showing…

Este artículo también está disponible en español. Solana (SOL) is navigating a turbulent period after facing a significant 33% correction from its all-time high at $264, reached in late November. Despite the sharp pullback, Solana demonstrates resilience, offering investors a promising long-term outlook. Related Reading Renowned crypto analyst Carl Runefelt recently shared his insights on X, highlighting a compelling technical setup for SOL. According to Runefelt, Solana has successfully retested a massive triangle pattern on the weekly timeframe. This critical retest suggests that Solana’s price action remains intact and could serve as a launching pad for a significant rally shortly.…

This issue of Finalized is dedicated to the contextualization of a recently published paper describing three possible attacks on Ethereum’s proof-of-stake algorithm. tl;dr These are serious attacks with a formally-analyzed, technically-simple mitigation. A fix will be rolled out prior to the Merge and will not delay Merge timelines. Forkchoice attacks, mitigations, and timelines There has recently been quite a bit of chatter around a newly published paper co-authored by a team at Stanford and some EF researchers. This paper made public three liveness and reorg attacks on the beacon chain’s consensus mechanism without providing any mitigations or any contextualization of…

While Bitcoin and Ethereum have suffered double-digit losses over the past week, dragging down the DeFi sector, several Sui-based protocols have managed to increase their total value locked (TVL) to record levels. These include Kriya, Bluefin, AlphaFi, Bucket Protocol, and Sparkling Finance. Kriya This one-stop DeFi platform for Sui saw its TVL surge from $24 million at the beginning of November to the current all-time high (ATH) of $84 million. The Kriya ecosystem includes an automated market maker (AMM) DEX, a yield farming application, and a derivative trading platform. The platform’s liquidity is dominated by SUI and vSUI, representing SUI…

The blockchain developer ecosystem is shifting: fewer developers are entering the space, and experienced developers are dominating the work, Electric Capital’s research report shows. Blockchain developers are key to the crypto industry. They build apps and tools that attract users and create value. More users bring more developers, therefore creating a cycle of growth. Yet, despite crypto’s focus on decentralization, the developer market appears to become more centralized, with experienced developers taking the lead, per Electric Capital’s recent research report. Fewer active developers The total number of active blockchain developers has dropped sharply. In November 2022, there were over 31,000…

Solana’s continued doing well in December, as meme coins helped it gain market share against Ethereum and other blockchains. According to DeFi Llama, Solana’s (SOL) protocols in the decentralized exchange industry were the most active in December.  Its volume rose to over $97 billion, much higher than the $22.6 billion it handled in the same period last year.  Notably, it was the third consecutive month that Solana outperformed Ethereum (ETH), which has dominated the industry for years. Ethereum’s protocols had a volume of over $74 billion, while Base and Arbitrum handled $42 billion and $37 billion. Solana DEX volume |…