Author: Yeek.io

Este artículo también está disponible en español. Ethereum (ETH) is making headlines as it trends toward the $4,100 mark, reaching a new yearly high of $4,096. This milestone, just $3 above the previous high set in March, signals a potential resurgence for the second-largest cryptocurrency by market capitalization. The price action has caught the attention of analysts and investors, particularly as Ethereum continues to outperform expectations in a market dominated by volatility and uncertainty. Related Reading Key metrics from IntoTheBlock shared by analyst Ali Martinez shed light on the network’s activity, revealing a surge in large Ethereum transactions. Historically, such…

The NFT market experienced significant fluctuations in the past year. Nine months ago, it peaked at $2 billion before crashing, but it has since seen a resurgence. NFT Market Recovery Snapshot In November, the NFT market began to recover, achieving a trading volume of $698 million, which represents a 22% increase from October. This was driven by renewed interest in high-value collections like Pudgy Penguins. However, the number of sales decreased by 11% to 3 million, indicating that there were higher-value transactions rather than an increase in volume. What’s Driving the Recovery The increase in volume is due to NFTs…

SBI Digital Markets, UBS Asset Management, and Chainlink have successfully completed a pilot program showcasing the use of smart contracts to manage tokenized funds. The companies announced this on Nov. 18, noting that the solution brings automated tokenized fund management to the market and leverages the Chainlink (LINK) infrastructure. With this solution, users can automate their tokenized fund management processes, unlocking blockchain capabilities for the world’s $132 trillion assets under management market. urrently, the total real-world assets on-chain represent a market of around $13.2 billion. Solution allows for efficient scaling of tokenized funds  According to a press release, the tokenized…

Ripple and Archax have teamed up to launch the first tokenized money market fund in the UK. The fund is now available on the XRP Ledger (XRPL), a decentralized blockchain, and it introduces a tokenized version of ABRDN’s £3.8 billion US Dollar Liquidity Fund (Lux). source: X According to press release, the collaboration between Archax and Ripple aims to streamline financial processes and reduce operational costs. By leveraging the XRPL’s efficiency and scalability, institutions can now tokenize and trade real-world assets more seamlessly. This new venture makes Archax, a FCA-regulated digital asset exchange, broker, and custodian, the first to tokenize…

POPCAT has risen to become the 8th largest memecoin by market cap, surpassing Mog Coin. Yet, it still has a long road ahead to reach key psychological targets. Unlike most memecoins, Popcat [POPCAT] has shown striking price volatility in the post-election cycle. Just two months ago, POPCAT made a splash by reaching the $1 mark, leaving its competitors in the dust. However, it failed to attract the same capital inflow in November, and some may have written it off. But don’t count it out just yet. Despite recent setbacks, POPCAT has climbed to become the 8th largest memecoin by market…

Last month, we launched Linea Park — an immersive onchain gaming experience. As our six-week campaign nears its end, we’ve driven spectacular results: This is the last week to play, share, and earn with 40+ Quests for RPG, MMO, social, NFTs, and more. By progressing in the Park, Linea’s onchain points system (LXP) is displayed to represent contributions to its decentralized ecosystem. LXP earnings can be amplified in the Referral Zone by sharing with friends, or by visiting the VIP Zone as a previous Linea Voyager. CUBEs, the key to the Layer3 economy, are featured in the Grand Finale on…

A widely followed cryptocurrency trader thinks that one large-cap memecoin is gearing up for another round of upside bursts. Pseudonymous analyst Bluntz tells his 303,200 followers on the social media platform X that he sees Dogecoin (DOGE) outperforming Bitcoin (DOGE/BTC) as the pair approaches the resolution of a triangle pattern. A triangle structure is typically viewed as bullish if spotted while an asset is in an uptrend. Says Bluntz, “Sounding like a broken record at this point but I’m gonna say it again anyway, when DOGE breaks this three-week accumulation, it’s going to be a violent upside move.” Source: Bluntz/X…

Follow Nikolaus On 𝕏 Here For Daily Posts Today, the Chairman of the Federal Reserve, Jerome Powell, said in an exclusive interview with CNBC that Bitcoin is in competition with gold, not the U.S. dollar.BREAKING: 🇺🇸 Fed Chair Jerome Powell says #Bitcoin is a competitor to gold, not the US dollar. pic.twitter.com/YQHFiThTBo— Bitcoin Magazine (@BitcoinMagazine) December 4, 2024 “People use bitcoin as a speculative asset — it’s like gold,” Powell said. “It’s just like gold, only it’s virtual, it’s digital. People are not using it as a form of payment or as a store of value. It’s highly volatile. It’s…

XRP price remained in a positive zone above the $2.40 zone. The price is consolidating and might aim for a fresh increase above the $2.60 level. XRP price started a downside correction from the $2.65 resistance zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.45 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.550 resistance. XRP Price Holds Key Support XRP price started another increase above the $2.40 resistance…

The KZG Ceremony was the largest multi-party computation of its kind (by number of participants). Through an open, accessible process, it produced a secure cryptographic foundation for EIP-4844. Learn more about how the Ceremony worked in Carl Beekhuizen’s Devcon talk: “Summoning the spirit of the Dankshard” As the Dencun upgrade approaches, this post will serve as a comprehensive record of outcomes and people that brought the Ceremony to life in 2023. Outcomes and Methods The Ceremony ran for 208 days: from Jan 13 13:13 UTC 2023 until Aug 08 23:08 UTC 2023 141,416 contributions made this the largest setup of…