Author: Yeek.io

The development of artificial intelligence has brought about tremendous advancements in various fields, but running AI models can be incredibly resource-intensive, both financially and environmentally. AI models consume enormous amounts of electricity, and their energy demands are projected to grow as AI systems become more complex. For instance, in early 2023, running ChatGPT consumed around 564 MWh of electricity per day, equivalent to the daily energy usage of 18,000 U.S. households. This vast consumption is largely due to AI models’ complex computations, especially floating-point operations in neural networks. These processes are inherently energy-hungry, involving heavy matrix operations and linear transformations.…

Bitcoin’s 2024 halving signals a new cycle, with altcoins poised for parabolic growth. Regulatory clarity and rising utility position them as key drivers of crypto adoption. The crypto market operates in well-defined cycles, and all signs point to 2025 being a breakout year for altcoins. Following Bitcoin’s [BTC] 2024 halving, attention is shifting toward the altcoin market — a trend historically associated with exponential growth. As capital rotates from Bitcoin’s dominance to alternative assets, the conditions are primed for a new phase of parabolic rallies. With rising institutional interest, evolving blockchain ecosystems, and shifting market dynamics, they could take center…

Pudgy Penguins surpassed the phenomenal Bored Ape Yacht on Ethereum price for the first time. This surged amid the NFT’s native token, which would be released in the short term. Pudgy Penguins price on Ethereum (ETH) surged to 21.49 ETH or equal to $83.930, surpassing the Bored Ape Yacht price of 19.85 ETH or equal to $83.930. According to CoinGecko data on Dec. 09, these NFTs increased by 7.1% from 19.85 ETH in the past day of trading. Trading volume also surged almost half of the latest trading day to 2,653 ETH. 1 Day Pudgy Penguins Ether’s price chart, December…

SAnd token The Sandbox (SAND) has soared to new heights, reaching a 28-month high of $1.06 on December 5, marking a 40% surge in value. This milestone brought its market cap to over .27 billion, reflecting a significant rally of 57% within a week, 173.6% in two weeks, and a staggering 303% over the past month. SAND whale net flow | Source IntoTheBlock Why SAND Is Soaring The recent rally in SAND coincides with several developments: Ecosystem Innovations: Two new Sandbox Improvement Proposals (SIPs) were announced, sparking investor excitement. SIP 16: Allocates €80,000 to develop Deep Sea Episode 2, enhancing…

Ethereum has faced significant resistance at the $3,400 level, struggling to break above this critical barrier as it continues to underperform against Bitcoin. Over the past year, ETH has lagged behind BTC, with Bitcoin outpacing Ethereum by nearly 3x in 2024, according to data from CryptoQuant. This performance disparity has raised concerns among investors, as Ethereum’s underperformance has delayed the much-anticipated altcoin rally. Despite these challenges, analysts and investors remain optimistic about Ethereum’s potential to recover and spearhead a new altseason. Historically, ETH has often taken the lead in driving gains across the altcoin market once Bitcoin dominance begins to…

Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) and the Otherside metaverse, has announced the acquisition of Tokenproof’s technology.This move aims to strengthen NFT ownership verification, addressing concerns around fraud and security in the web3 ecosystem.The acquisition also involves the transition of several Tokenproof team members to Yuga Labs, marking an evolution in their long-standing collaboration. Source: TokenproofWhat is Tokenproof?Tokenproof is a platform designed to securely verify NFT ownership without requiring users to connect their wallets. This innovation helps reduce risks such as phishing and fraud, which are prevalent in the NFT market.Since its launch in 2022,…

The IOTA Foundation has announced a sweeping upgrade to its blockchain network, aiming to improve scalability, decentralization, and real-world use cases. Dubbed “IOTA Rebased,” the proposal will transition IOTA’s Layer 1 network to a Move-based object ledger, introducing programmability and enabling tens of thousands of transactions per second. If approved by token holders, the upgrade will mark a shift to a delegated proof-of-stake mechanism with 150 permissionless validators to secure the network. This move will replace IOTA’s (IOTA) existing architecture with a decentralized structure, allowing for faster and more secure transactions. The proposal also incorporates the Move programming language, enabling…

Today rhino.fi launches the Rhino Alpha Key campaign. We are already known for our super fast, low cost bridge connecting 25+ EVM and non-EVM compatible ecosystems.  And it’s about to get even cheaper for our loyal users.  Any user who has bridged through rhino.fi before June 1, 2024, is automatically eligible to mint the Alpha Key. This NFT isn’t just a collector’s item—it’s your ticket to drastically reduced protocol fees. And it counts as an extra contract interaction on Scroll if that’s your thing 😉 Practically this makes rhino.fi cheaper than any of our competitors when bridging 100 USDT across…

Bonk has surged by 8.03% over the past 24 hours. However, a decline in its social dominance signaled a potential pump until FOMO returns. After reaching a high of $0.000059 following a sustained uptrend, Bonk [BONK] experienced a sharp decline to a low of $0.00003837. However, since then, the memecoin has experienced a four-day consecutive uptrend, signaling a potential breakout. In fact, as of this writing, Bonk was trading at $0.00004648, an 8.03% increase on daily charts. Over the same period, the memecoin’s trading volume increased by 109.84% to a record $1.01 billion. Despite the price pump, Bonk remains approximately…

The U.S District Court in Manhattan has ruled the Citadel Securities’ lawsuit accusing crypto-trading startup Portofino of stealing the firm’s trade secrets can largely proceed. According to a court filing on Oct. 30, the Manhattan District court has agreed to proceed with Citadel’s lawsuit against crypto-trading startup Portofino created the two former Citadel Securities employees who are accused of stealing trade secrets to form the startup. The judge denied in part Portofino’s motion to dismiss the case, but he also did the same to Citadel Securities’ claims that Portofino breached the employment contracts of three Citadel Securities workers it tried to…