Author: Yeek.io

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…

Quick take: The venture firm revealed in June that it was inviting investors to invest in a new funding round aimed at increasing its stake in TON. Both funds were officially sold in July and were signed on November 27, the filing showed. Pantera also invested in the Telegram-linked token in May, which it described as the biggest investment in its 21-year history without disclosing the amount. Pantera Capital has raised $20 million to increase its investment in the TON token, documents filed with the Securities and Exchange Commission, showed on Monday. The announcement comes barely five months after the…

The Commodity Futures Trading Commission (CFTC), the US agency responsible for regulating derivatives markets, is increasingly exploring the role of digital assets and blockchain technology in modernising financial systems.As part of these efforts, the CFTC’s global markets advisory committee (GMAC), supported by Commissioner Caroline D. Pham, has advanced a recommendation to broaden the use of non-cash collateral through distributed ledger technology (DLT).The recommendation aims to improve the efficiency of financial transactions by incorporating blockchain or other distributed ledger technologies to streamline the use of non-cash collateral. The move comes in response to operational challenges that have hindered the broader application…

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Moo Deng had a bullish structure on the 12-hour chart and strong upward momentum. The high speculative interest but negative CMF reading raised doubts about the rally. Moo Deng [MOODENG] crypto has rallied 91.5% in 20 hours, and the daily trading volume was up by nearly 800%. This strong price bounce came after the 61.8% Fibonacci retracement level was tested as support. Yet, the $0.7 region posed credible opposition to the bulls’ advance. The buying volume in recent hours was strong, but over the past two weeks, it has been dominated by the sellers. Is MOODENG crypto in a range…