Author: Yeek.io

Luxury concierge service Drunken Monkey Members Club has opened up its latest sales round, allowing holders to access opulent, lavish and exclusive opportunities around the world.Priced at the exclusive discount of 1 ETH each, these NFT memberships – from a limited collection of 5,995 pieces – give holders access to hard-to-get opportunities they can’t obtain elsewhere, from world-class food & drink to concerts, parties, events and more.A limited number of NFTs remain available in the current round, with the price set to triple to 3 ETH for future rounds. Source: Drunken Monkey Members ClubWhat is the Drunken Monkey Members Club?Launched…

Layer 1 blockchain project Avalanche has successfully raised $250 million through a locked token sale. This signals strong support from prominent investors such as Galaxy Digital, Dragonfly, and ParaFi Capital. The funds will be allocated toward advancing the Avalanche9000 upgrade, which will enhance the scalability and affordability of blockchain development. Consequently, Avalanche’s native token, AVAX, experienced a surge in price, rising by over 14% in 24 hours to $54.52.Avalanche Raises $250M for Avalanche9000 Upgrade as AVAX Price Surges 14%Following Avalanche’s announcement of a $250 million funding round, led by Galaxy Digital, Dragonfly, and ParaFi Capital, the blockchain project has boosted…

I first started writing this blog, or some variation of it in 2018 under the name “Protocol Weekly”. It was meant as a growth hack for my first startup and a way for me to reach out to teams that I admired and liked in the space. What I didn’t realise is, it’d stick with me for many more years to come around. You can still read some of these on my Medium.The idea was simple: reach out to teams and get them to provide updates of what they did that week and then send it out. It was actually…

contributor Posted: December 12, 2024 $1.2 billion liquidated as market downturn amplified memecoin sell-offs. DOGE showed resilience; BONK, SHIB lagged with weaker buy-side momentum. The market is in turmoil, with a sharp sell-off sending shockwaves across all sectors. Nowhere is the impact more pronounced than in the memecoin market, where speculative assets like Bonk [BONK], Floki [FLOKI], dogwifhat [WIF], Shiba Inu [SHIB], and Dogecoin [DOGE] have endured staggering double-digit losses. Leveraged traders are facing mounting liquidations, and the fragility of this high-risk niche is being exposed as prices hit new lows amid the broader market correction. Memecoin fragility amid broader…

Crypto’s recently has been electrified by Solana’s resurgence. With lightning-fast, nearly-free transactions powered by an innovative developer community — the future of finance is finally here on Solana. The so-called “Ethereum killer” has gained dominance by multiple key metrics. It’s time for some SOL searching… SOL surpasses ETH by active users Both Solana and Ethereum unlock vibrant ecosystems for DeFi, NFTs, gaming, and more. However, Solana enables much faster and cheaper transactions at scale. As a result, active users on Solana have recently surpassed Ethereum. Source: Artemis.xyz Onchain transactions at scale Solana processes onchain activity at a great magnitude. While…

Top US crypto exchange Coinbase has added support for three additional digital assets, including memecoin Gigachad (GIGA). Solana (SOL)-based GIGA, a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, is up more than 39% from its $0.04911 low on Tuesday, the day it was listed on Coinbase. GIGA is trading for $0.06844 at time of writing. With a market cap of $657.9 million, Gigachad is the 183rd largest crypto project. Coinbase also added support for Magic Eden (ME) on the Solana network, a utility token for the Magic Eden non-fungible token (NFT) marketplace. Users can list…

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…