Author: Yeek.io

Ethena Labs (ENA), a synthetic dollar protocol backed by BitMEX founder Arthur Hayes, is announcing a partnership with President-elect Donald Trump’s decentralized finance (DeFi) project. In a new announcement on the social media platform X, Ethena Labs says it has entered into a strategic partnership with World Liberty Financial (WLFI). According to Ethena Labs, the collaboration will bring over Ethena Staked USDe (sUSDe) – a yield-bearing token that inventors can stake – to the DeFi platform. “A governance proposal has been submitted to add sUSDe to WLFI’s upcoming Aave instance as a core collateral asset, Should it pass, this proposal will…

One counter-argument against pushing for greater scalability with Bitcoin is that “most people won’t self-custody anyway, so why bother?” This is a wildly assumptive, arrogant, and outright fallacious argument. It is the same type of logical fallacy that human beings can’t help but make. The current state of the present is an indicator of what the state of the future will be. “It’s not raining today, so it won’t be raining tomorrow.” It’s exactly the type of thinking that led Bitcoiners during the last market cycle to take for granted we would hit 100-200 thousand dollars as a peak then.…

Key Details About the LaunchName of Product: 1Valour Hedera Physical Staking ETPISIN Code: GB00BRC6JM96Listing Venue: Euronext AmsterdamSeed Funding: $5 million provided by The Hashgraph Group (THG)Why Hedera Stands OutIt’s the innovative, energy-efficient blockchain network driven by a Proof-of-Stake consensus mechanism. Then there’s the global governance model managed by prominent organizations such as Google, IBM, and Deutsche Telekom, among others. Hedera comes in at $11.3 billion in market capitalization and places in the top 20 cryptocurrencies globally.HBAR is Hedera’s cryptocurrency that pays for network operations, including transaction fees, and secures the network. It has been attracting investors because it is eco-friendly…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ethereum lags with 70% gains in 2024, emerging L1 networks like Graphite are stepping up, offering faster speeds, lower costs, and a trust-driven blockchain ecosystem. With the end of 2024 quickly approaching, Ethereum records a year-to-date gain of over 70%, significantly falling behind other leading cryptocurrencies such as Bitcoin and Solana, which rose by 142% and 107%, respectively.  Source: CoinMarketCap Bitcoin continues to dominate investor interest, benefiting from its robust deflationary structure and reputation as an efficient store…

Binance has announced Pudgy Penguins (PENGU) as the 4th project in its HODLer Airdrops program. The announcement is a significant milestone for the Pudgy Penguins community, which has grown into a cultural phenomenon with over 50 billion social views and a robust global following. $PENGU will officially be listed on Binance on December 17, 2024, at 14:00 UTC, with trading pairs including USDT, BNB, FDUSD, and TRY. Binance will also airdrop 2.67 billion PENGU tokens to eligible BNB holders, accounting for 3% of the token’s max supply, directly into their Spot Wallets. Pudgy Penguins (PENGU) on Binance HODLER Airdrop The…

Homepage > News > Business > El Salvador softens BTC stance as economic reality bites When BTC briefly passed $100k per coin recently, El Salvador’s President Nayib Bukele stood triumphant. As the nation’s BTC stash surpassed $600 million, the strongman chastised his political opponents, accusing them of causing many Salvadorans to miss out on an opportunity by opposing his plans in 2021. Yet, away from the spotlight and public bravado, Bukele’s government has agreed to walk back its hardline pro-BTC stance to secure a $1.3 billion loan from the International Monetary Fund (IMF). Among other things, it will make accepting…

In an update on X, World Liberty Financial (WLFI) shared news about a long-term partnership with Ethena Labs.The integration will initially start by adding Ethena’s yield-bearing token, sUSDe, into the WLFI ecosystem. Ethena will be the first token allowed for usage as collateral within the WLFI platform and will run using the Aave backend. Ethena’s Total Value Locked (TVL) and user base is bound to elevate the Aave setup. Ethena announce partnership with WLFI | Source: XThe partnership will start by looking into using sUSDe as collateral. This could help WLFI’s Aave instant access to the Ethena’s Total Value Locked…

If you spend your time interacting with digitally rendered cats, apes, and pixelated owls, then you’re probably no stranger to the world of NFT “Profile Picture” (PFP) communities. Often characterized by randomly generated traits and names in collections that include up to 10,000 unique NFTs, PFP communities have unlocked entirely different types of value beyond the traditional mechanics of the NFT marketplace. 10,000 Moonbirds on the Ethereum Blockchain brought in $75 million+ in revenue in a matter of hours. Newcomers to NFTs or crypto in general find it difficult to fathom how a simple .jpeg of an ape or owl…

Journalist Posted: December 18, 2024 Bloomberg analysts predicted Litecoin and Hedera ETFs could launch before Solana and XRP. Delays in Solana and XRP ETFs highlight regulatory challenges and the impact of upcoming SEC leadership changes. In a surprising development, Bloomberg’s ETF analysts, including Eric Balchunas and James Seyffart, have predicted that Litecoin [LTC] and Hedera [HBAR] ETFs could launch before Solana [SOL] and Ripple’s XRP ETFs. Their insights are based on the growing classification of Litecoin as a commodity and Hedera’s status as a non-security. Both of these contribute to a more favorable regulatory environment. Bloomberg analysts spill the beans…

Pepe coin price dropped for three consecutive days, invalidating a previously bullish pattern and forming another bearish one. Pepe (PEPE), the third-largest meme coin globally, fell to a low of $0.00002117, marking its lowest level since December 6. This decline coincided with broader cryptocurrency market losses. Bitcoin (BTC) fell to $104,400, retreating from its record high of $108,000. The total market cap of all cryptocurrencies dropped by 5% to $3.82 trillion. Pepe plunged in a high-volume environment. According to CoinGecko, its 24-hour volume was $2.2 billion, much higher than Shiba Inu’s (SHIB) $725 million.  The ongoing crypto sell-off is happening…