Author: Yeek.io

Federal Reserve Chairman Jerome Powell hinted at cautious future rate adjustments, which scared investors. He also mentioned the slower-than-expected decline in inflation and revised the 2025 inflation forecast to 2.5%. This raised fears of tighter economic conditions and liquidity across markets.Bitcoin dropped below $99,000, marking an 8% fall from its record high of $108,000. Ethereum and other major cryptocurrencies followed suit, amplifying the market’s losses. Altcoins suffered significantly, contributing over $222 million to the liquidations.Coinglass data revealed that $869.39 million was wiped out in 24 hours, including $749.59 million from long positions. Nearly 300,000 traders were affected, with Binance witnessing…

Queridos Amigos, Yesterday, Wave #01 of Devcon tickets sold out just a few minutes after going online! After two years of anticipation, the whole team awaited this moment with curious suspense. But don’t worry, more ticket waves are coming soon. Today we are excited to announce the return of the Devcon Scholars Program, an EF initiative to help critical Ethereum builders overcome obstacles to attend Devcon. Read below to find out if the Devcon Scholars Program is for you, and to get information on how to apply. Additionally, we’re happy to announce the first events happening around Devcon in Bogotá,…

Dates: November 15 – December 21, 2024Location: Pace Gallery, 508 W 25th Street, New York, NY The Pace Gallery in New York City will host Irving Penn: Kinship, a thoughtfully curated exhibition by artist Hank Willis Thomas, celebrating the extraordinary career of legendary photographer Irving Penn. Running from November 15 to December 21, 2024, the show offers an intimate look at Penn’s timeless works, curated and contextualized by Thomas to highlight the universal humanity that courses through Penn’s oeuvre. Irving Penn: A Master of the Lens Irving Penn (1917–2009), celebrated for his transformative contributions to fashion photography, portraiture, and still…

Homepage > News > Finance > Indonesia concludes proof of concept for wholesale CBDC Bank Indonesia has announced the completion of a Proof of Concept (PoC) for its central bank digital currency (CBDC) as it tries to keep pace with the rest of the region. According to an official announcement, the completion of the PoC signals a commitment from the banking regulator to proceed with a digital rupiah to complement existing payment options. Dubbed the “Immediate State,” the PoC lays the foundation for advanced studies into the feasibility of a CBDC for the Southeast Asian nation. Bank Indonesia Governor Perry…

On-chain metrics revealed that exchanges have witnessed an inflow of $6.8 million worth of PEPE. PEPE could soar by 40% to reach the next resistance level of $0.000026 if it holds itself above the $0.000018 level. Pepe [PEPE], the popular and third-largest crypto meme coin, has experienced a significant 20% price decline following the anti-crypto stance taken by the Fed Chair. However, the Chair’s statement not only caused a price decline in PEPE but also triggered a massive sell-off across the cryptocurrency market. Whale dumps $2.7 million worth of PEPE at loss Amid this, a whale appears to have dumped…

Layer3 is excited to announce our newest partnership with MODA DAO. MODA DAO is dedicated to powering the future of music ownership, publishing, and licensing via NFT standards, decentralized governance and automated finance. In the past year, prominent artists such as Steve Aoki and RAC have entered the web3 world with their own forms of NFTs and fan-powered creation models. MODA DAO’s mission is to provide similar opportunities for any creator or artist wanting to thrive in web3 via their native token, $MODA. “We’re bullish on the future of music in web3, especially with MODA DAO. With over 50+ years…

A decentralized real estate trading platform built on smart contract platform Solana (SOL) saw its price rise and dip after gaining support from Coinbase. Two days ago on the social media platform X, the top US-based crypto exchange platform said it had added Parcl (PARCL), a decentralized exchange (DEX) that lets users trade and invest in real estate using synthetic assets without the need to physically own any property. Synthetic assets are tokenized, blockchain-based representations of real-world assets, such as securities and real property that can easily be swapped. News of the addition caused the token to dip in price…

Este artículo también está disponible en español. Bitcoin has observed a plunge during the past day. Here’s the nearest on-chain level that the asset would end up retesting if the drawdown elongates. 1 Week To 1 Month Bitcoin Holders Have Their Realized Price At $97,900 As pointed out by CryptoQuant author Axel Adler Jr in a new post on X, the Realized Price of the 1-week to 1-month-old BTC investors is the closest support for the asset right now. Related Reading The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the cost basis or acquisition…

Este artículo también está disponible en español. Bitcoin has experienced significant price movements in the past few days, largely influenced by macroeconomic developments and market fundamentals. Following the Federal Open Market Committee (FOMC) meeting and a speech by Federal Reserve Chair Jerome Powell, Bitcoin’s price dropped sharply below $99,000. However, the leading crypto quickly rebounded, climbing back to $104,000 earlier today before settling at $100,573 at the time of writing. This represents a 3.4% decrease over the past day and a roughly $67 billion reduction in its market cap valuation. Related Reading Exchange Transactions Hit Record Lows Amid this price…

It was a sea of red in the crypto industry as Bitcoin price dropped below $100,000 briefly and the crypto fear and greed index moved from the extreme greed zone of 88 to 69. So, why did crypto crash this week? Bitcoin (BTC), he largest cryptocurrency, was trading at $102,300 on Dec. 19, while Ethereum (ETH) dropped to $3,600. Some of the top laggards were coins like Cosmis, Floki, THORChain, Curve DAO Token, and Fantom. Crypto crashed because of the Fed decision The most important reason why the crypto crash happened is the Federal Reserve decision. The bank decided to…