Author: Yeek.io

SynFutures, a decentralized exchange (DEX) specializing in perpetual derivatives trading on Base, has announced the launch of the SynFutures Foundation alongside an airdrop of its native F token.  As per the press release, the foundation aims to drive community-led governance, oversee platform development, and foster partnerships through grants and funding initiatives. The Ethereum-based F token will grant holders governance rights, staking rewards, and fee discounts. SynFutures plans to distribute 10 billion F tokens in total, with 7.5% available during the Season 1 Airdrop on December 6, 2024. Eligible participants include users who have actively engaged with SynFutures versions 1 through…

PancakeSwap’s daily trading volume reached $1.27 billion on Dec. 4, the highest single-day trading volume the decentralized exchanged has seen since March of this year. According to data from PancakeSwap, BNB (BNB) Chain’s largest decentralized exchange saw its daily trading volume skyrocket by more than 60% from the previous day after the DEX launched its token launch platform PancakeSwap SpringBoard on Dec. 4. PancakeSwap currently ranks second on DeFi Llama’s DEX leaderboard by trading volume, beating out Raydium, Orca and Aerodrome. In the past 24 hours, the platform has accumulated $2.32 billion worth in crypto trading volume. Since March 2024,…

Quick take: The fundraising also attracted participation from Primitive, Paper Ventures, Karatage, Animoca Ventures, Spartan Capital, TON Ventures and Ankr. The funds will be used to scale the project’s marketing and developer relations. TAC plans to launch its testnet this week ahead of the mainnet launch in Q1 2025. TAC (TON Application Chain), an EVM layer-2 network developed by TON venture builder TOP (The Open Platform) and Curve creator Michael Egorov has raised $6.5 million in a seed round co-led by Hack VC and Symbolic Capital. The fundraising also attracted participation from Primitive, Paper Ventures, Karatage, Animoca Ventures, Spartan Capital,…

An analyst known as a “Master Trader” on the crypto exchange Bybit thinks an altcoin running on the Ethereum (ETH) network is ready to take center stage. Pseudonymous analyst Bluntz tells his 301,800 followers on the social media platform X that he thinks the Ethereum-based decentralized oracle Chainlink (LINK) is poised to spark a five-wave surge to a new all-time high. Bluntz relies on the Elliott Wave theory, a technical analysis approach that states a bullish asset often witnesses a five-wave rally. Says Bluntz, “Major breakout on LINK today, all you have to do is take one look at LINK/BTC…

Dogecoin (DOGE), a cryptocurrency that has gained popularity and surpassed $60 billion in market capitalization, is once again attracting attention. While the year got off to a shaky start for DOGE, it has since seen a significant upswing. DOGE has mostly consolidated at $0.40, which begs some questions about whether its moment of glory has vanished. Recent research, however, points the other way, with specialists looking at possible price levels that would inspire DOGE aficionados once more. Technical Support Points Toward Development Important technical indications have helped to propel the price trajectory of DOGE. Currently at $0.26, the 50-day moving…

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…

Ethereum, the leading altcoin, has been showing positive signs over the last week after months of bearish consolidations. Ethereum (ETH) is up 4% in the past 24 hours and is trading around $3,840 at the time of writing. The king altcoin hit a six-month high of $3,900 on the back of Bitcoin’s (BTC) rally above the $100,000 threshold early Thursday. Source: crypto.news At this point, Ethereum is 21% away from its all-time high of $4,891 in November 2021. The second-largest cryptocurrency reached a market cap of $463 billion as its daily trading volume increased by 46% to $63 billion. What’s…

Nike has announced plans to wind down operations of RTFKT, its blockchain-focused sneaker brand, by January 2025. This decision, shared via RTFKT’s official account on X, marks the end of the brand’s web3 initiatives.In their statement, RTFKT thanked their community of creators and collectors, revealing plans to launch a new website documenting the brand’s journey and host one final product release, the MNLTH X drop, scheduled for December.The announcement has sparked uncertainty about the future of RTFKT’s flagship NFT projects, including the highly regarded CloneX collection, a collaboration with Japanese artist Takashi Murakami. Source: RTFKTWhy is Nike shutting down RTFKT?The…

Canadian fintech company Nuvei has unveiled a new blockchain solution targeting merchants across Latin America. In an announcement on Dec. 4, Nuvei revealed it would be partnering with several companies to bring this solution to the region. The partners include Rain, a Coinbase Ventures and Circle Ventures-backed vertically integrated issuing partner, BitGo, a crypto custody and wallet provider, and global payments giant Visa. Nuvei leverages the various solutions available via these platforms to make it easy for businesses to use stablecoins as a payment option. The supported stablecoins include USDC (USDC). Via its collaboration, the Canada-based firm allows merchants across…

Last updated on November 13th, 2024 at 01:15 pm DeFi is revolutionizing financial systems all over the world by giving mainstream financial services an alternative that is more transparent, accessible, and open source in nature. Most of the underlying infrastructures of DeFi are blockchain-based; hence, users can access financial services such as lending, borrowing, and trading without intermediaries. Although DeFi is still relatively new, it is changing fast with innovations that are presently rewriting how people think about finance. Below, we go through some key trends and developments that are set to shape DeFi’s future in this regard-as a way…