Author: Yeek.io

4Ubisoft has announced that holders of its recently launched non-fungible tokens (NFTs) will gain early access to the game “Captain Laserhawk: the G.A.M.E.” starting tomorrow, December 18.The announcement follows Ubisoft’s earlier release of the “Niji Warrior” ID card collection, a set of 10,000 free NFTs on the Arbitrum blockchain. These NFTs, which were made available for minting nearly a week ago, are now fully claimed. They feature evolving properties based on player performance and engagement in the game. Additionally, they come with voting powers, giving holders a say in certain game features and its future direction.  The game, “Captain Laserhawk: the G.A.M.E.”,…

The biggest central banks around the world are in the spotlight this week as the Federal Reserve, Bank of Japan, and Bank of England hold their final policy meetings of 2024. These upcoming meetings will set the tone for monetary policy in 2025, with inflation, growth, and global uncertainties influencing their decisions. Investors will have to pay attention to the underlying messages, rather than the final decisions, in order to extract the most insights about the economic outlooks for next year. Here’s what to expect from the Fed, BoJ, and BoE meetings this week. Federal Reserve: slowing the pace of…

The Aave community is considering a proposal to withdraw its lending services from Polygon’s PoS chain due to concerns about security risks linked to bridged assets. This follows a proposal from the Polygon community to use over $1 billion in bridge assets for yield generation, which raised concerns about potential vulnerabilities. Aave, the largest decentralized app on Polygon with over $466 million in deposits, is worried that these changes would increase the risk to users.Marc Zeller, the founder of Aave Chan, authored the proposal to adjust risk parameters for Aave’s Version 2 and Version 3 protocols on the Polygon network.He wants…

contributor Posted: December 17, 2024 More than 1.7 trillion SHIB tokens have been moved to exchanges in the last two days. If SHIB fails to hold support at $0.000024, it could lead to a steep decline. Shiba Inu [SHIB] traded at $0.0000268 at press time, after a 1.9% drop in 24 hours. The second-largest memecoin by market capitalization was still up by 10% over the past month, but weak buying activity has curtailed the uptrend.  SHIB had formed a right-angled ascending broadening wedge pattern on its one-day chart. This chart pattern usually indicates a bullish continuation if the price breaks…

Can you believe we’re already halfway through the year? It’s been a stunning few months in web3. On the heels of a global downturn, crypto has reached new lows while our team has continued to build new highs. Between LUNA’s downfall, the evaporation of several firms and protocols, a revolving door of hacks, exploits, scams, and the constant humdrum of a looming recession, it’s difficult for many to foresee the promises that web3 were supposed to deliver in the first place. But at Layer3, discovery never ends. We still think there’s so much that web3 has to offer, and we…

contributor Posted: December 17, 2024 Whale dominance in Ethereum pointed to strong bullish sentiment and potential price growth Concentrated holdings raised concerns about liquidity risks and potential market corrections Ethereum [ETH]  whales are increasingly dominating the network, with 104 wallets now holding over 100,000 ETH, accounting for more than 57% of the total supply. This significant shift in Ethereum’s distribution raises important questions about its future, particularly regarding market control and price movements. As these whales continue to accumulate, their growing dominance points to strong bullish sentiment. However, with such concentrated holdings, how might this influence Ethereum’s price trajectory moving…

On-chain data shows the Bitcoin long-term holders are selling. Here’s whether the current level of selloff is enough for a price top or not. Bitcoin Long-Term Holders Have Been Selling Big Recently In a new post on X, analyst Ali Martinez has discussed about the historical trend in the holdings of the long-term holders relative to the Bitcoin top. The “long-term holders” (LTHs) refer to the BTC investors who have been holding onto their coins for more than 155 days. The LTHs represent one of the two main divisions of the BTC market done on the basis of holding time,…

Dogecoin (DOGE) is expected to experience an 85% price increase, which could potentially elevate its value to approximately $0.75 by early 2025, according to analysts. Following a significant yearly peak of $0.47 last month, the cryptocurrency is currently trading in the $0.40 range. This forecast is being issued at this time. Significant whale activity and bullish market sentiment have contributed to the enthusiasm surrounding Dogecoin, particularly in the wake of recent political events, such as Donald Trump’s re-election. Dogecoin: Present Market Conditions There are numerous factors that have contributed to the recent increase in the price of Dogecoin. The investment…

As previously announced, the Ropsten network has been deprecated and will be shut down in the coming weeks. Over the past few months, infrastructure providers have gradually stopped supporting the network and validator participation rates have been steadily declining. The vast majority of remaining validator nodes will be shut down during the December 15-31, 2022 period. After this, Ropsten will no longer be supported by client, testing or infrastructure teams. As a reminder, the next testnet to be sunset is Rinkeby. The network will be live until mid-2023 to give users and application developers the chance to migrate to either…

When the CyberKongz Wells Notice dropped, the Web3 gaming community went into a frenzy. Issued by the U.S. Securities and Exchange Commission (SEC), this notice has huge implications for NFTs. As NFTs continue to change the digital gaming landscape, understanding how they’re classified and what compliance looks like is more important than ever. The SEC Wells Notice: What it means for CyberKongz In April 2021, CyberKongz sold Genesis Kongz NFTs. The SEC treated these NFTs as securities and issued a Wells notice – an official letter saying enforcement action is possible. CyberKongz has argued it was a contract migration not…