Author: Yeek.io

The founder of TRON, Justin Sun, has applied to withdraw 52,905 ETH, worth $209 million, from Lido Finance. This could affect Ethereum’s prices, says historical data. The withdrawal has been part of a larger Ethereum (ETH) accumulation strategy under which Sun allegedly purchased 392,474 ETH at an average price of $3,027, now showing an estimated profit of $349 million.  This is not the first time that Sun has withdrawn large chunks of ETH. On Oct 4, 2023, Sun withdrew unstaked 80,253 ETH, coming around $131 million from Lido, and moved it to Binance within four days, around mid-October. Soon after,…

In the context of today’s high-speed NFT and cryptocurrencies, security is king. Earlier this year, there were rumors that the Captcha bot was hacked, creating panic to the users especially those being used in Discord servers. But research has shown that it was not a hack at all, but a phishing attack on Discord’s weaknesses. The Captcha Bot Confusion Discord bots have long been a problem of phishing NFT communities through the usage of Captcha to check the users before participating in chats or using channels of a server. The confusion emerged after a hack in the Bored Ape Yacht…

Unlimit has partnered with TRON DAO to enhance its payment solutions, leveraging TRON’s resource model to reduce gas fees and expand access to DeFi, game finace and NFTs in emerging markets. Their collaboration targets inflation-prone regions with stablecoin solutions for affordable remittances and economic stability.Unlimit will utilise ‘Energy as a resource’, which will reduce the on-chain gas fees on the TRON network, making its service even more cost-effective. In TRON, Energy can be utilised to execute smart contracts, and users can obtain Energy by staking the native utility token of the TRON network, TRX.The TRON network is the second largest…

Memecoins have struggled to outpace their rivals by failing to establish themselves as a true store of value. Now, it seems they’re losing ground on other fronts as well. While most coins have rallied on the news of Trump returning to the White House, memecoins have struggled to keep up, sparking yet another debate on their lack of long-term value.  Given the performance of other altcoins, that argument might actually hold some weight. Still, it may not be too late for a shift—memecoins have proven resilient before, thriving on community support and hype. The real question now is: can that…

Web3 Needs Growth Crypto adoption is slower than you think. Most web3 projects struggle to get more than 2,000 daily active users. Yet few teams have taken a thoughtful approach to user growth and retention. Let’s look at the numbers 👇 For the context, Layer3 helps customers (web3 orgs) acquire and retain high quality users. We’ve driven: On a given day Layer3 accounts for 25-90% of the daily active users for our partners. Net new retention is typically between 30-60%. We are the most cost effective way to grow your user base. The Layer3 Impact We ran 15 bounties for…

A leading crypto analyst, EGRAG, disclosed timelines for the XRP to set new heights above the $5 target and likely double-digit price at $27.  The XRP has emerged as a winner in the recent bull cycle, with widely followed market analysts optimistic the sky is the limit for this altcoin. EGRAG leverages pointers captured in his Bifrost Bridge analysis to present how long will the XRP holders wait till the crypto asset claims new heights. The analysis by EGRAG emerges after the XRP’s latest performance that saw the crypto asset surge 280% from $0.51309 to $1.90 in November per…

Chairman of the South Korean Stock Exchange, Jeong Eun-bo, believes the nation should act quickly in institutionalizing the crypto market or risk falling behind other countries. In an interview with South Korean media outlet Maeil Kyungjae, Eun-bo argued the crypto market needs to be institutionalized in the same way that traditional finance has in order to overcome regulatory roadblocks. If they fail to do so, Eun-bo believes South Korea will not be able to compete with countries that have already embraced crypto and put forth regulations that place virtual assets on equal standing with traditional assets. “If we are vague…

This trend is a sign that investors are holding their ETH, hence reducing selling pressure and setting up conditions for the price to grow. The only thing analysts are thinking as Ethereum finally breaks through recent tight trading is increased buying pressure.Currently, ETH’s RSI is at 60.22, which means that there is still stable demand but far from overbought. RSI values above 70 typically warn of a price pullback, while those below 30 suggest undervalued conditions. Ethereum’s position in a moderately bullish zone indicates room for further growth.At the moment, Ethereum changes hands at $3,866, with the first resistance at…

From the explosion of the scaling and layer 2 ecosystems to the first Devcon in three years and The Merge, it has been an exciting year for Ethereum and ethereum.org. We’ve shipped many impactful features and content, with thousands of incredible contributors helping us along the way. Let’s dive into our highlights of 2022: Translation program 🌎 Bringing educational Ethereum content to as many languages as possible is critical to our team’s vision for ethereum.org. Our incredible community of contributors has come a long way since we became a multilingual website in 2019, and in 2022 we were thrilled to…

What is Movement (MOVE)? Project Overview Movement Network is a pioneering blockchain ecosystem designed to merge the security of the Move programming language with Ethereum’s liquidity. As the first Move-EVM Layer 2 (L2) for Ethereum, Movement offers developers a high-performance platform to create secure, scalable, and interoperable decentralized applications (dApps). This innovative solution bridges the gap between Move and Ethereum ecosystems, enhancing user experience and blockchain capabilities. Mission and Value Proposition At its core, Movement seeks to enhance blockchain accessibility by merging the best of Move and Ethereum ecosystems. The mission revolves around: Bridging Move and EVM: Through the innovative…