Author: Yeek.io

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…

Leverage trading has rapidly become a popular option for crypto traders who want to boost their returns. Trading on leverage means that you trade positions that are larger than the funds you have in your account, which increases your potential gains and risks. For those visiting NFT Droppers who are crypto leverage trading enthusiasts, this post dives deep into the top crypto leverage trading platforms in 2024. 1. Binance: The All-Rounder Crypto trading platform Binance was one of the first to introduce leverage trade and still stands tall with up to 5x on spot markets while up to 125x on…

Homepage > News > Editorial > Can vertical AI agents help truly scalable blockchains? This post is a guest contribution by George Siosi Samuels, managing director at Faiā. See how Faiā is committed to staying at the forefront of technological advancements here. Blockchain promises a future where trust is decentralized and transactions are transparent, efficient, and secure. But we saw how human politics got in the way of that progress. Now, vertical artificial intelligence (AI) agents are being hailed as the next thing to overtake the era of SaaS dominance, offering tailored, industry-specific insights that go far beyond generic AI models. Both technologies are transformative…

Pepe a token inspired by the 2000s meme “Pepe the Frog,” witnessed a strong whale selloff yesterday, Dec. 8, but the asset still continued its move upwards. Pepe (PEPE) rose to an intraday high of $0.000027 on Monday, setting a new all-time high and marking an increase of nearly 2000% since the beginning of the year, making it one of the best-performing assets. The altcoin’s market cap stood at over $11.37 billion, with the recent rally extending PEPE’s monthly gains to 157%. PEPE price and large holders net flows – Dec. 8 | Source: IntoTheBlock According to data from IntoTheBlock,…