Author: Yeek.io

An on-chain analyst says deep-pocketed investors are loading up massive amounts of Cardano (ADA) and a top memecoin as the market went sideways for the past week. Analyst Ali Martinez tells his 98,800 followers on the social media platform X that crypto whales accumulated $85.6 million worth of ADA in a couple of days. “Cardano whales bought over 80 million ADA in 48 hours!” Source: Ali Martinez/X At time of writing, ADA is trading for $1.07. Martinez also says deep-pocketed investors snapped up $64 million worth of the large-cap memecoin Dogecoin (DOGE). “Whales bought another 160 million Dogecoin DOGE in…

Solana price has retreated by 16.8% from the year-to-date high as the recent crypto momentum faded.  Solana (SOL) was trading at $220 on Sunday, bringing its market cap to $105 billion, and making it the fifth-biggest cryptocurrency. SOL has numerous catalysts that could propel the price higher in the longer term. It has become the biggest competitor to Ethereum (ETH), the biggest blockchain in the world.  According to DeFi Llama, its total value locked has jumped by 18% in the last 30 days, bringing its total assets to over $9.12 billion. It has about $30 billion worth of stablecoins in…

Este artículo también está disponible en español. Aave (AAVE), the leading decentralized finance (DeFi) lending protocol, has captured the spotlight with an extraordinary surge of over 200% since November 5. Outperforming the broader market, AAVE has reached its highest levels since 2021, marking a remarkable recovery and reaffirming its dominance in the DeFi ecosystem. Related Reading Key metrics from IntoTheBlock underscore AAVE’s unmatched position in the lending sector. With an impressive 45% market share, it remains the top choice for users seeking decentralized borrowing and lending solutions. With AAVE trading at multi-year highs and on-chain data suggesting robust activity, the…

IntoTheBlock has explained how Ethereum could challenge its all-time high (ATH) based on the current on-chain cost basis distribution. Ethereum Has Little Resistance On The Path To New ATH In a new post on X, the market intelligence platform IntoTheBlock has talked about what the on-chain cost basis distribution is like for Ethereum right now. Below is the chart shared by the analytics firm that breaks down the amount of coins that the investors bought in each price range near the current one. Looks like the levels ahead are relatively thin in terms of investor cost basis | Source: IntoTheBlock…

A lot of attention is focused on OpenSea, one of the largest NFT marketplaces in the world, now that it has registered in the Cayman Islands. Many users and industry folks think the move to the Cayman Islands—a jurisdiction known for being crypto-friendly—means a token is coming. In fact, some are already whispering about a token airdrop and hoping early supporters will get rewarded. It’s no secret this will increase trading volume on the platform and bring interest back to the NFT space. OpenSea’s Strategic Move By choosing the Cayman Islands, OpenSea is entering a space that allows token issuance…

Decentralized exchange Clipper was exploited for roughly $450,000 after an attacker exploited two of the protocol’s liquidity pools on the Optimism and Base blockchains.  At 4 am UTC on Dec. 1, an attacker manipulated Clipper’s withdrawal function, exploiting its ability to process bundled swap and withdrawal transactions, the protocol wrote in its first post-incident report. The lost funds from liquidity pools on Optimism and Base accounted for roughly 6% of the total value locked in the platform, compelling it to suspend swaps and deposits on all chains and disable the ability to withdraw in the form of just one token.…

Dogecoin repeats similar MVRV pattern when prices near highs. Propietary Indicator breaks out, thus the DOGE correction could be short-lived. Dogecoin [DOGE] continues to be a force in the memecoin market as it exhibited cyclical patterns on the market value to realized value (MVRV) ratio chart. Historically, each surge in DOGE’s MVRV suggested overvaluation, followed by retracements, especially when prices neared all-time highs. Recently, the MVRV ratio again approached these higher levels. Peaks in early 2014, late 2017, and early 2021 were met with sharp declines, aligning with corrections post-hype phases. Source: Santiment Post-retracement periods entered phases of consolidation, laying…

Introduction Three quarters in, one to go. It’s been a year since we raised $2.5m to build the next-generation web3 tool for onboarding contributors into DAOs. Now — we’ve expanded our mission, our team, and our feature suite. The best way to discover and rediscover your favorite protocols and ecosystems in web3 just got a whole lot better. We’ve spent the past quarters in the weeds with our customers and users on how to make their web3 experience as intuitive as possible. And we’ve shipped a whole new set of product features to enable that. Q3: Happy 1st Birthday to…

Virtuals Protocol, Aave, and Chainlink were the biggest winners in the past week. Dogwifhat, Brett, and Bonk led from the other end of the table as the biggest losers. This week saw Virtual Protocol [VIRTUAL] emerge as the top-performing asset, gaining 39.80%, while Aave [AAVE] and Chainlink [LINK] also delivered impressive returns. However, the week wasn’t without its losers, with memecoins topping the chart and facing notable declines.  Biggest winners Virtual Protocol [VIRTUAL] Virtual Protocol emerged as the top-performing asset last week, recording a 39.80% increase, according to data from CoinMarketCap. It started the week positively, rising by 2.65% to…

A renowned economist disagrees with Bitcoin supporters who claim that cryptocurrency could someday solve the national debt of the United States. Economist Peter Schiff expressed his skepticism on the bold declaration of what he called “Bitcoin pumpers” that 1 million BTC can settle the country’s national debt, saying that even with that number of cryptos, it will still be insufficient to address the country’s enormous government debt. Not Enough To Pay US Debt Schiff does not believe that 1 million Bitcoin is the answer to paying off the US national debt, arguing that to do that, the crypto needs to…