Author: Yeek.io

Crypto provider 21Shares anticipates a transformative year for crypto in 2025, projecting Bitcoin’s continued rise, Ethereum’s revenue rebound, and the expansion of stablecoins. Crypto exchange-traded products are projected to reach $150 billion in assets under management by 2025, driven by increasing institutional interest, according to 21Shares’ latest research. The firm’s “2025 State of Crypto Market Outlook,” published on Dec. 9, identifies key factors driving this growth, including rising institutional demand, U.S. approvals of crypto ETPs, and favorable macroeconomic conditions. The outlook also predicts that more nation-states will adopt Bitcoin (BTC) as a reserve asset, with countries like Argentina likely to…

Quick take: Launched in 2020, when NFTs and the metaverse were being hyped as the next major technological breakthroughs, RTFKT became one of the leading NFT projects by 2022. Barely a year after buying RTFKT, Nike launched its own brand for digital collectibles, .Swoosh in November 2022. In September 2024, the sportswear giant seemingly failed to include the RTFKT logo in an official announcement according to The Verge. Popular digital wearables brand RTFKT (pronounced “artifact”) on Monday announced it is shutting down. “Today, we’re announcing the plan to wind down RTFKT operations,” RTFKT said in a statement on X. “To…

21X, a Frankfurt-based fintech focused on supporting institutional adoption of tokenised securities, has secured a licence to operate a blockchain-based trading and settlement system from Germany’s financial supervisory authority, BaFin.21X is now a fully regulated financial institution in accordance with European Union (EU) law and plans to launch an exchange for tokenised financial instruments from its Frankfurt headquarters in the first quarter of 2025.By leveraging blockchain technology, 21X plans to make its mark on capital markets through the trading and settlement of tokenised securities, including equity and debt securities, as well as funds – along with real-world assets (RWAs) such as…

Quarterly Report for Synthetix, Quarter 3 of 2024: July — September.👉Q3 Highlights⭐ Spartan Council/CCs: V3 Migration, SNAX Chain, & Referendum⭐ Ambassador Council: Ecosystem GrantsOver the past few months, the Synthetix Protocol has undergone significant developments and faced a range of challenges as it continues to expand and evolve. In this report, we will explore some of the key highlights, such as the successful migration to V3, new market launches, and governance updates. We’ll also dive into the challenges that have surfaced, particularly around liquidity, integration delays, and governance complexities. Let’s take a closer look at both the achievements and obstacles during this…

Memecoins could continue to rally until they are noticed by retail investors. Currently, memecoins appear bullish and are currently retesting their breakout levels.  The crypto memecoin sector is making waves with its impressive performance, even as major cryptocurrencies struggle. All major memecoins, from Dogecoin [DOGE] to Peanut the Squirrel [PNUT], have experienced notable upward momentum. The potential reason for a memecoin rally The potential reason for this major upside momentum is the shift in investors’ and institutions’ interest from top assets like Bitcoin [BTC], Ethereum [ETH], and Solana [SOL] to memecoins. This rising interest is the reason behind memecoins pumping…

In the evolving landscape of artificial intelligence, the development of multimodal models is reshaping how we interact with and process data. One of the most groundbreaking innovations in this space is the Phi-3-Vision-128K-Instruct model—a cutting-edge, open multimodal AI system that integrates visual and textual information. Designed for tasks like Optical Character Recognition (OCR), document extraction, and comprehensive image understanding, Phi-3-Vision-128K-Instruct has the potential to revolutionize document processing, from PDFs to complex charts and diagrams. In this article, we will explore the model’s architecture, primary applications, and technical setup and explore how it can simplify tasks like AI-driven document extraction, OCR,…

Veteran trader Peter Brandt believes a large-cap altcoin that’s been surging as of late has one of the most bullish charts in crypto. Brandt tells his 760,700 followers on the social media platform X that cross-border payments solution XRP is in the midst of a massive breakout. The trader shares a chart suggesting that XRP’s market cap has cleared the diagonal resistance of a massive triangle pattern that has kept the market bearish for over seven years. “This the most powerful chart in all of crypto world XRPUSD.” Source: Peter Brandt/X At time of writing, XRP is trading for $2.51…

The Dogecoin price continues to stage an attempt to rally significantly towards the highly anticipated $1 mark. Amidst this bullish trend, a crypto analyst has spotlighted a distinctive technical pattern on the Dogecoin price chart known as a “rounded bottom.” As Dogecoin carefully forms this pattern, the analyst has forecasted a significant price surge ahead.  Dogecoin Price Readies To Fly Above $1 A TradingView crypto analyst identified as “CobraVanguard” has spotted a rounded bottom technical pattern on the Dogecoin price chart. The analyst revealed that Dogecoin is currently forming this distinct pattern, and following its completion, it could trigger a…

Mt Gox was once one of the worlds biggest Bitcoin exchanges Image Shutterstock On December 4, a wallet tied to the now-defunct Mt. Gox exchange transferred an astounding 27,871 Bitcoin, valued at approximately $2.8 billion, to an undisclosed address. This movement aligns with Bitcoin’s monumental breach of the 0,000 mark, a significant milestone for the cryptocurrency market. According to data from Arkham Intelligence, this latest transfer leaves the Mt. Gox wallet with 39,878 Bitcoin, roughly $4.1 billion in value. This move follows a previous substantial transfer of 2,500 BTC, worth $222 million, on November 12. The exact motives behind these…

The blobs are coming: Dencun will go live on Goerli at 6:32 UTC on January 17, 2024.Dencun will be Goerli’s last upgrade before core teams stop supporting it. More on this in a previous post.Assuming the Goerli upgrade goes well, the Sepolia and Holesky testnets will activate Dencun over the next few weeks.To receive an email alert for network upgrade announcements, subscribe here. The Dencun network upgrade is scheduled to activate on the Goerli testnet at 6:32 UTC on January 17, 2024. The upgrade includes several changes, most notably the introduction of ephemeral data blobs with EIP-4844, also known as…