Author: Yeek.io

Justin Sun, the billionaire founder of Tron and a prominent figure in the cryptocurrency industry, has officially joined World Liberty Financial (WLFI) as an advisor. Justin Sun Joins WLFI, Source: X In a statement on X (formerly Twitter), World Liberty Financial praised Sun’s extensive experience and insights, stating that his advisory role would be “instrumental” in driving the project’s growth and innovation. Sun, who is also an advisor to HTX cryptocurrency exchange and a supporter of BitTorrent, is expected to contribute significantly to the project’s strategic direction and DeFi network expansion. This announcement follows Sun’s massive $30 million investment in…

dogwifhat was trading within a descending triangle channel on its one-day chart, suggesting a bearish reversal.  The negative CMF showed that despite recent gains, selling activity has outpaced buying activity.  dogwifhat [WIF], at press time, traded at $3.22 after a 5% gain in 24 hours. These gains have brought the memecoin’s monthly gains to 54%, with the uptrend attracting long-term holder distribution.  According to Lookonchain, one trader dubbed “blockgraze” has moved 1.5M WIF tokens, valued at $4.56M, to the Coinbase exchange after holding the tokens for 8 months.  While this trader has clarified that he is yet to sell the…

RaW Pass, a new non-fungible token (NFT) collection linked to the upcoming Web3 game Wallet Wars, sold out within 5 minutes after its first mint on Wednesday, blockchain infrastructure developer Balthazar DAO announced.  See related article: Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict Fast Facts RaW Pass is a collection of 5,555 NFTs which debuted with a 0.025 Ether (around US$40) mint price. Of this total, 555 have been reserved for the game’s treasury. The assets are tied to Wallet Wars, a Space Invaders-inspired NFT game created by Animoca Brands-backed Balthazar DAO, and give users…

A memecoin based on the name and likeness of a baby hippopotamus in a Thai zoo is stumbling at the gates following a new Coinbase listing. Yesterday, Coinbase announced the listing of Moo Deng (MOODENG), a Solana (SOL)-based memecoin. “Moo Deng (MOODENG) is now live on http://coinbase.com & in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” Moo Deng is the name of a baby pygmy hippopotamus born in the Khao Kheow Open Zoo in Si Racha, Chonburi, Thailand, this past summer. The hippo has become an…

Data from CryptoQuant has revealed how institutional investors have been the drivers behind the latest Bitcoin surge above $100,000. Bitcoin Coinbase Premium Index Has Been Positive Recently In a new post on X, the on-chain analytics firm CryptoQuant has discussed the latest trend in the Bitcoin Coinbase Premium Index. The “Coinbase Premium Index” refers to a metric that keeps track of the percentage difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). The indicator tells us about how the buying or selling behaviors differ between the user bases of these cryptocurrency exchange giants.…

Este artículo también está disponible en español. Bitcoin (BTC) shattered the $100,000 price milestone yesterday, reaching as high as $104,088 on Binance crypto exchange. This historic price action has prompted analysts at the trading firm Bernstein to assert that Bitcoin is well-positioned to replace gold within the next decade. Bitcoin Poised To Outshine Gold Over Next Decade, Bernstein Says In a client note released earlier today, Bernstein analysts, led by Gautam Chhugani, expressed confidence that Bitcoin will eventually assume gold’s role as a reliable safe-haven asset. The note stated: We expect Bitcoin to emerge as the new-age premier ‘store of…

U.S. spot Bitcoin exchange-traded funds recorded $7.1 billion in trading volume on Dec. 5, marking a 50% surge from the previous day, as Bitcoin’s price dropped below $100,000. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded net inflows of $766.66 million on Dec. 5, extending their six-day streak to a total of over $2.7 billion. BlackRock’s IBIT led the pack for the fifth consecutive day, amassing $770.51 million in inflows. Other significant contributors included Grayscale Bitcoin Mini Trust with $95.35 million and Fidelity’s FBTC with $47.47 million. ARK and 21Shares’ ARKB chipped in a modest $12.32 million.…

BONK, a meme coin based on the Shiba Inu has seized the Solana blockchain by the collar with a mix of community-powered energy and practical underpinnings. BONK, which is often referred to as the “Solana Dogecoin,” has been a driving force in the resurgent interest in the Solana ecosystem and an exemplar of the promise of meme coins in the blockchain. The BONK Phenomenon Solana is looking to elevate the community through empowerment — as a token for everyone, to combat the strength of venture capital-backed projects. Users got a taste of it thanks to airdrops, which were predominantly given…

The Sui Network is suspected to be down for more than two hours. The protocol has not produced any new transaction blocks since Nov. 21 UTC 9:15. Data from the Sui Vision explorer shows that the protocol has not produced any new transactions since 9:15 am UTC | Source: Sui Vision Based on the latest data from Sui Network’s explorer site Sui Vision, the decentralized layer-1 blockchain has stopped producing blocks for more than two hours. At the time of writing, the last transaction block took place on Nov. 21 at 9:15 am UTC. Since then, no new blocks have…

Last updated on November 13th, 2024 at 01:35 pm The fast rise of Web3 and decentralized technologies allowed for truly disruptive possibilities across finance to content creation. Web3 presented unparalleled opportunities and challenges; at the same time, it provided the possibility to change it all. On a mission to guide such groundbreaking startups in fundraising, scaling operations, and overcoming the complexities of such a decentralized ecosystem is Hesham Zreik, CEO of FasterCapital. In this interview, Zreik provides an overview of what he believes Web3 founders ought to focus on and offers some practical advice for their success. Q: Web3 funding…