Author: Yeek.io

Paris-based asset manager and private banking services Oddo will collaborate with Fireblocks to enter the stablecoin market. Oddo BHF SCA brought an initiative to increase the use case of euro-dominated stablecoin by working with a crypto technology firm. This project is projected to launch by next year. Under the newly adopted European Union regulations, stablecoin is the most anticipated digital asset due to low volatility and popular choices among crypto traders. This project comes after Societe Generale SA’s crypto asset unit in France, which already uses the euro-dominated stablecoin named EUR convertible and supervises under the new rules. Fireblocks, known…

This shift comes as Solana’s price struggles near multi-week lows. The network’s active addresses, a measure of user engagement, have also hit their lowest levels since December. Reduced participation signals weakening demand and could lead to further volatility.Market analysts point out that low activity levels can limit liquidity, making Solana’s price more vulnerable to sharp movements. Investors are now closely watching SOL’s ability to maintain critical support levels.Currently, Solana is trading around $219. A move above the $221 resistance level could boost market sentiment and push the price toward $245. The next support level is close to $201, thus if…

Bybit and analytics firm Block Scholes released a derivatives market report indicating mixed signals for Ethereum and Bitcoin.  The report highlights a decline in Ethereum’s (ETH) perpetual open interest, primarily due to the liquidation of overleveraged long positions. These positions had accumulated during a period of optimism but were reset by falling ETH spot prices, according to the report shared with crypto.news.   The report also notes that ETH futures contracts have not experienced the same decline in open interest as ETH perpetual swap contracts during a brief pause in upward price momentum. However, positioning has increased for both (BTC)…

Grand Cayman, Cayman Islands, December 12th, 2024, Chainwire Demos fully private and decentralized AI chat app with performance on par with ChatGPT and Perplexity AI Sui, the Layer 1 blockchain that delivers unparalleled scalability and speed, and Atoma Network, a next generation decentralized AI engine, today announced that Atoma’s fully decentralized AI layer, first announced earlier this year, is live on Sui’s Mainnet. The team also offered reporters a first glimpse into the potential of decentralized AI with a decentralized AI Chat app (code named “Utopia”) built on Sui that enables users to have full ownership of their private data…

AgriDex, a Solana-based tokenization platform for agriculture markets, has raised $4 million in a funding round that attracted several venture capital firms and angel investors. The Solana (SOL) real-world assets marketplace announced that venture capital platform Portal Ventures led the strategic round. AgriDex also received investment from Endeavour Ventures, HU Investments, FS Ventures, Hawkwood Capital, and Sycamore Gap Management. The London-based crypto startup saw participation from several angel investors, including Palantir’s Tobechi Bolanle Taiwo and Perena’s Anna Yuan, among others. In total, AgriDex has raised over $9 million from investors, following a $5 million pre-seed round earlier in the year.…

Uniswap’s price has rallied, crossing a crucial resistance level, with many crypto experts predicting further gains ahead. Uniswap (UNI) token surged to $19.44, its highest level since December 2021, as crypto momentum continued to strengthen. This rally coincides with robust inflows across decentralized exchange (DEX) networks. Data indicates that DEX platforms handled over $372 billion worth of tokens in November, marking the largest monthly increase on record. Uniswap alone processed $30.86 billion in volume over the last seven days, solidifying its position as the industry leader. Its volume significantly exceeded that of competitors like Raydium and PancakeSwap combined. Over its…

While meme coins sparked a frenzy among retail traders, stablecoins seem to emerge as crypto’s most promising innovation so far. The meme coin craze keeps going strong, even though regulators are being cautious because of their wild price swings. While these tokens can offer huge returns, the real game-changer might be something that seems less exciting and even a bit boring — stablecoins. In fact, stablecoins seem to gain support even from the camp, which was initially afraid of crypto at all, which was big banks. Citi Wealth strategists emphasized in a recent research report that stablecoins “could end up…

Quick take: More than 40 investment firms participated in the token sale. The company is overhauling its blockchain to lower transaction fees whilst making it easier to run validators on the network. Avalanche also launched a $40 million grant program for developers building on its network. Avalanche has closed a $250 million token sale led by Galaxy Digital, Dragonfly and ParaFi Capital. The fundraising follows the layer-1 blockchain’s recent upgrade which saw it launch Avalanche9000 on testnet. According to the announcement, more than 40 investment companies participated in the token sale, which seeks to support the company’s latest upgrade. Other…

contributor Posted: December 13, 2024 Algorand has surged by 12. 52% over the past day after a weekly decline. Algo’s bullish crossover confirms a potential trend reversal.  ALGO has surged by 12.52% over the past 24 hours. Algorand’s bullish crossover amidst surging while activity signals a potential sustained uptrend. Over the past month, Algorand [ALGO] has surged on its price charts, gaining 186%. However, on weekly charts, the altcoin experienced a market correction, hitting a low of $0.35. Consequently, the altcoin has declined by 4.26% on weekly charts after this pullback. Moreover, the last 24 hours have seen a significant…

The Vancouver City Council approved a motion to explore integrating Bitcoin into its financial operations. The measure, introduced by Mayor Ken Sim and passed at the December 11, 2024 Standing Committee meeting, directs staff to investigate accepting BTC for city taxes and fees and the feasibility of incorporating it into the city’s financial reserves. The motion secured support from six councilors, while two opposed and three were absent. The decision represents only the initial step toward assessing Bitcoin’s potential role in safeguarding the City of Vancouver’s purchasing power. Next Bitcoin City? Mayor Ken Sim emphasized that the initiative is exploratory…