Author: Yeek.io

Homepage > News > Finance > Australia proposes new digital asset laws Australia’s securities watchdog has proposed a new law that vastly expands the digital asset activities that fall under its purview and whose providers must acquire new financial service licenses. The Australian Securities and Investments Commission (ASIC) published a consultation paper that proposes updates to its digital asset oversight. In particular, it focuses on services in which digital assets are packaged as financial products. This ranges from stablecoins and tokenized assets to staking services. ASIC has been overseeing the sector for years. However, its guidelines have been overly broad and outdated. The Australian…

Hot on the heels of acquiring Kwenta, Synthetix has made another major strategic acquisition, this time acquiring a leading leveraged token platform, TLX. The acquisition was a token-for-token transaction that was approved via SIP-412 and TIP-14.Adding leveraged tokens is the first step towards Synthetix building and offering a wide range of vault products. This is the second core stage in Synthetix’s new strategy, focused not only on designing a decentralized liquidity layer but also on being a primary product issuer on top of it.What to expect nextSynthetix is now undergoing a review and audit of all TLX products. In partnership…

Bitcoin crashed nearly 10% below its all-time high of $104,088 to a low of $94,150 on Monday. The flash crash was short-lived, but it dragged down altcoins and meme coins like Dogecoin, Shiba Inu, Pepe, Dogwifhat and Bonk.  The top 10 meme coins ranked by market capitalization noted nearly double-digit losses in the past 24 hours. As altcoin season ends abruptly, it remains to be seen whether meme coins can recover from their recent losses and hit their cycle bottom.  Bitcoin correction and meme coin price trend Bitcoin trades nearly 6% below its all-time high on Tuesday. The largest cryptocurrency’s…

Mint CUBEs to complete Quests, claim rewards, and build your onchain trophy case. CUBEs, a.k.a. Credentials to Unify Blockchain Events, are the new key to the Layer3 economy. What rewards can CUBEs unlock? By unifying Quest completions onchain, our credential unlocks new opportunities for explorers. Collect CUBEs to progress and claim rewards on Layer3: ETH & ERC-20 tokens: Receive ETH, USDC, and other tokens for certain Quests. Experience Points (XP): Leveling up in experience enables access to new Quests. Gems: Our shiny in-game currency can be used to purchase XP Boosts, Swap & Bridge Discounts, Streak Repairs, and more. On the Rewards Hub you’ll earn Boosts, with CUBEs as…

AAVE’s large transactions have spiked by over 150% in the last 24 hours AAVE inflows to exchanges have risen over the last three days, indicating potential volatility ahead Whales have taken notice of AAVE’s recent price action, with the altcoin’s large transactions skyrocketing by 150% over a single 24-hour period, according to IntoTheBlock’s data. This hike in whale activity indicated that large players may be getting interested again, perhaps because of the recent drop in AAVE’s price. Whales tend to move the market, and their more active participation is often a sign of a potential trend reversal or acceleration. Source:…

As President-elect Donald Trump approaches his inauguration on January 20, the cryptocurrency market has experienced a significant surge, with Bitcoin reaching an all-time high of $104,000 on December 5.  This increase, nearly 50% since Trump’s election, has sparked expectations of a new era for crypto regulations in the United States. Sources close to Trump indicate that he aims for Bitcoin to achieve a milestone of $150,000 during his second term in office. The ‘Trump Trade’ According to a recent report from AXIOS, Trump has promised a “golden age of America,” and the rise of cryptocurrencies is seen as part of…

Este artículo también está disponible en español. As the Bitcoin (BTC) price consolidates its position following a notable rally that began on November 5, speculation about its potential for further gains persists, even after the cryptocurrency briefly dipped below the $100,000 mark.  Interestingly, Paul Manafort, former campaign chairman for President-elect Donald Trump, recently expressed optimism for BTC’s upward trajectory during the Bitcoin Mena conference in Abu Dhabi. A New Era For Crypto Awaits Manafort highlighted Trump’s role as a significant supporter of the cryptocurrency market, predicting that Bitcoin will strengthen even more once the President-elect takes office on January 20. …

Este artículo también está disponible en español. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, seems to be drawing attention as analysts observe market metrics that indicates the possible next move for ETH. Recent data from CryptoQuant has highlighted patterns in accumulation and exchange-traded fund (ETF) inflows, providing a detailed look at Ethereum’s potential trajectory as it underperforms relative to Bitcoin in the current cycle. Related Reading Analyzing Trends in Accumulation and ETF Inflows In a series of posts shared on social media platform X, CryptoQuant analysts dissected Ethereum’s key metrics. One of the standout observations was Ethereum’s balance in…

Quick take: The fundraising also attracted participation from Chapter One, Lightspeed Faction, IOSG, Vertex, GSR, Wintermute Ventures and Blockchain Builders Fund. Hyperbolic said the fundraising brings the total raised to $20 million. The company offers Web3 AI infrastructure and services powered by a decentralised network of GPU power. Web3 AI platform Hyperbolic has announced a $12 million funding round led by Variant and Polychain Capital. The Fundraising also attracted participation from Chapter One, Lightspeed Faction, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures and Ambush, The Block reported. The company leverages blockchain technology and decentralised GPU power to…

Homepage > News > Business > Rohan Sharan: Focus on tokenization rather than ‘crypto’ India’s Timechain Labs, which has been educating developers and channeling talent into the BSV ecosystem, is looking to tokenize real-world assets (RWAs) like mutual funds instead of focusing on digital currencies, which remain a grey area in India. The legal status of digital currency is still in limbo, with no specific legislation governing digital currency-based businesses in the country. Rohan Sharan, who founded Timechain Labs, said that even payment aggregators in India refuse to support websites that have the word ‘blockchain’ in them because of the technology’s association with “cryptocurrencies.”…