Author: Yeek.io

As a global public resource, technology must remain open, accessible, and dedicated to promoting the greater good. The Next Billion Fellowship Program is a testament to this vision, seeking to capture stories of communities whose lives are changing for the better. Today, we are proud to introduce seven individuals with remarkable stories to share. Their narratives offer a glimpse into their diverse contexts and possible futures — ones we cannot fully foresee but where humanity is uplifted. By drawing inspiration from the Next Billion Fellows’ stories, we hope to imagine a future where this open protocol of human coordination serves…

When a brand becomes synonymous with innovation and disruption, the community expects bold moves, not abrupt farewells. Today, the RTFKT team, revered as trailblazers in the Web3 space, dropped a bombshell: they are winding down operations by January 2025. This announcement reeks of defeat disguised as poetic closure, leaving loyal supporters questioning how such a pioneering force could fade into an “Artifact of cultural revolution.” “Thank You, But Goodbye”? RTFKT has stood as a beacon for digital creatives, seamlessly fusing sneaker culture, gaming, and NFTs into a groundbreaking blend of digital and physical art. From launching Clone X with Takashi…

XYO, the native token of the decentralized physical infrastructure network project of the same name, has soared more than 125% in 24 hours. The XYO token traded to highs of $0.01951 and saw its daily volume skyrocket over 2,300% to over $60 million. It recorded the most gains among the top 500 cryptocurrencies by market cap. While the gains come amid a broader surge for coins such as XRP (XRP), Hedera (HBAR) and Dash (DASH), XYO was exploding amid speculation of a major partnership. On Dec. 2, rumors online pointed to a potential partnership between the DePIN project and electric…

Both the Spartan Council and the Kwenta Council have been presented with a proposal for Synthetix to acquire Kwenta in a token<>token transaction. The terms of the transaction are:1 $KWENTA <> 17 $SNX (~$13.2m valuation)$SNX received from acquired token conversions are subject to a 3 month lock and 9 month linear vest following the lock period. This proposed strategic acquisition marks a significant milestone in Synthetix’s commitment to expand its capabilities, generate value for SNX token holders and become the premier decentralized derivatives protocol.Kwenta was spun out of Synthetix in 2020, with the specific intention of developing a high-quality and market…

Shiba Inu price has retreated for two consecutive days, even as the burn rate jumped by over 3,400%. Shiba Inu (SHIB), the second-largest meme coin, retreated to $0.00002765, down by 16.2% from its highest level this month.  This retreat was mostly due to the ongoing pullback of Bitcoin (BTC) and other cryptocurrencies. Bitcoin slipped below $95,000 as the rally to $100,000 seemed elusive. Still, crypto analysts believe that SHIB price has more upside now that the altcoin season index has jumped to 80. In most periods, meme coins like Shiba Inu tend to perform well when altcoins are rising. Another…

Zero Gravity Labs — 0G Labs or 0GL — has raised a substantial $40 million seed investment from major venture capital firms, following a $35 million pre-seed earlier this year.  Alongside this, the 0G Foundation, which oversees the governance of the 0G Protocol, has secured a $250 million liquid line and token purchase commitment. This brings the total committed capital to $325 million, according to a press release shared with crypto.news. The funding rounds drew notable investors, including Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Animoca’s Yat Siu, Stanford Blockchain Fund, and Coinbureau, among others. The $250 million liquid…

TRX’s trading volume increased along with its price.  Technical indicators hinted at a continued price rise.  Tron [TRX] has once again made it to the headlines as it recently reached an all-time high(ATH) as robust trading activity supported the development. With this new ATH, TRX inches closer to entering the top 10 list. Will TRX be able to flip Avalanche [AVAX] and claim the 10th spot, or will it be subjected to a pullback first?  Tron’s touches an ATH! Tron bulls drove the token price up by over 28% last week. In the last 24 hours alone, TRX surged by…

Celcius, a global crypto and Bitcoin mining company has faced a fraud case since last year. Now, the founder pleaded guilty and agreed to be jailed for 30 years. Alex Mashinsky, the founder and ex-CEO of Celcius Network, is set to plead guilty to fraud charges, Reuters reported on Dec. 03. The federal prosecutor accused Mashinsky of pursuing customers to invest in them and unnaturally inflating the value of the company on the crypto token. In order to deal with prosecutors, Mashinsky agreed to be jailed in prison for 30 years or less. Therefore, his sentence is set to be announced by…

Bitcoin billionaires Bitcoin continues to dominate the cryptocurrency landscape, both as a store of value and a bellwether for the industry. Understanding who holds the most Bitcoin reveals insights into market trends, institutional influence, and future adoption. This updated report dives into the major entities holding Bitcoin, exploring their impact on the market. Public Companies: Leading the Charge Publicly traded companies have emerged as significant players in the Bitcoin ecosystem. Their holdings often align with strategic business goals and impact their stock valuations, creating a synergy between traditional markets and cryptocurrency. MicroStrategy leads the pack, holding 189,150 BTC valued at…

Ethereum co-founder Vitalik Buterin shared his expectations and standards for the future of Ether wallets. Vitalik Buterin opined that user experience, security, privacy, light client consensus, and artificial intelligence represent five focus areas for Ethereum (ETH) wallet developers. According to a Dec. 3 blog post, Buterin is confident that wallet user experience would improve with simplified transactions across ETH layer-2s and optimized gas payments for executing swaps. He added that standardizing ETH payments and on-chain transactions with QR codes will encourage greater blockchain adoption. Buterin said builders should strengthen security using multi-signature technology and social recovery to combat bad actors…