Author: Yeek.io

One new layer-2 Ethereum (ETH)-based altcoin jumped by triple digits as top US crypto exchange Coinbase added its support. Movement (MOVE) soared to a high of $1.45 Monday, a gain of more than 135% from its low of $0.616, as Coinbase announced the digital asset was listed on its platform for trading. MOVE has since retraced and is trading for $0.65 at time of writing, down 13.1% in the last 24 hours. With a market cap of $1.46 billion, it is the 96th largest crypto project. Coinbase added the “experimental label” to MOVE, which the platform assigns to tokens that…

Akshay Naheta is reportedly negotiating the sale of a minority stake in his stablecoin payments startup, with plans to use the proceeds for market expansion. Akshay Naheta, the former SoftBank executive behind some of the company’s biggest deals, is reportedly in early discussions to sell a minority stake in the stablecoin payments startup he co-founded, Bloomberg has learned, citing sources close to the matter. Distributed Technologies Research, which uses blockchain to process stablecoins for cross-border payments, is said to use the funds to expand into newer markets, including the U.S., the sources say. The size of the first public fundraise…

What is SAFU?Secure Asset Fund for Users is what SAFU stands for. Binance established this reserve to protect user funds in the event of severe circumstances, such as hacks or breaches. In essence, it provides cryptocurrency users with a financial safety net.Unexpectedly, SAFU was not developed in a serious environment. Originally, the word was a joke. Changpeng Zhao (CZ), the CEO of Binance, tweeted in 2018 that “Funds are safe” during maintenance. A YouTuber made a video titled Funds Are Safu, turning the phrase into a viral meme. Binance embraced the humor and later launched the SAFU initiative. It became…

Ethereum has shown resilience in the face of recent market challenges, as evidenced by the consistent positive net flows into the asset’s exchange-traded funds. According to data from Farside Investors, daily inflows into spot Ethereum (ETH) ETFs in the U.S. surged to $305.74 million, bringing cumulative inflows to an impressive $1.87 billion. This substantial growth occurred despite Ethereum price experiencing a 7% decline over the past three days. These investment products saw their highest cumulative weekly inflow last week. Interestingly, inflows have been consistently positive throughout December, confirming strong institutional interest.  For instance, Dec. 6 recorded $83.76 million in inflows,…

Hyperliquid and the HYPE token are gaining exponentially more traction with each passing day, and now is the time to learn how this cutting-edge platform works so you can maximize your potential gains with the Hyperliquid HYPE. As a native token within the Hyperliquid ecosystem, HYPE is designed to empower users, enhance trading performance, and drive community rewards. Here, we’ll dig into the features and security HYPE boasts. We’ll help you learn what you need to know to develop the strategies to maximize your gains with HYPE. It just might be the future of decentralized trading. What is Hyperliquid &…

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:…