Author: Yeek.io

Election prediction markets like Polymarket have long been a unique way to gauge public sentiment, providing real-time insights based on people’s willingness to put their money where their predictions are. As we saw with the recent election, platforms like Polymarket were instrumental for many observers wanting a pulse on the election as it unfolded. However, their performance wasn’t without limitations, showing the nuanced reality of prediction markets. Polymarket: Real-Time Proxies, Not Crystal Balls Polymarket’s allure lies in its dynamism. During the recent election, Polymarket offered real-time insights as vote counts rolled in, allowing users to follow shifts in sentiment almost…

Sui has partnered with Franklin Templeton Digital Assets to strengthen its ecosystem and advance blockchain-based technologies.  The partnership will support developers in the Sui (SUI) ecosystem while leveraging Franklin Templeton’s expertise in blockchain, digital assets, and investment strategies, according to a Sui post.  Franklin Templeton Digital Assets has been active in blockchain since 2018, running validators, conducting research, and creating investment strategies. Its research team applies tokenomics analysis—evaluating the supply and demand of blockchain-based tokens—to guide project development and investments. In early November, asset management firm VanEck announced the listing of its SUI exchange-traded note on Euronext Amsterdam and Paris. Sui’s…

November 6, 2024The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week.👉TLDRLast week Fenway presented SIP-411, to acquire Kwenta and relaunch Synthetix Exchange.Fenway believes that bringing the exchange back under the Synthetix umbrella brings the protocol closer to the end user of the product: traders.SIP-411 also creates opportunities for better branding, less dependencies on external providers, and a better product.A few other options were considered before deciding on this acquisition proposal. (see below for details)The proposed funding method is to mint a little over 9 million new SNX…

Dogecoin’s Open Interest (OI) surged by 15%, indicating traders’ belief and confidence in the memecoin Whales’ large transaction volume jumped by 41% too Dogecoin (DOGE), the world’s largest memecoin, is likely to grab the attention of whales and institutions now since it may be poised for a 28% upside rally. This positive speculation can be attributed to its strong price action, significant interest from traders and investors, and growing political support. In fact, the larger cryptocurrency market currently appears bullish, with major cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP continuing to climb north. The larger altcoin market doing well…

Google’s plan to phase out third-party cookies by 2024 means marketers will no longer be able to use the tracking methods they’ve long relied on to understand user behaviour, personalise experiences, and optimise campaigns. Acknowledging this shift, San Francisco-based Safary empowers marketers with the ability to protect user privacy while collecting only the data they need to make informed decisions. The startup has snapped $2.4 million in pre-seed funding. The round was led by Lemniscap (backed Arcade), with participation from Arca, SevenX, Big Brain Holdings, Saison Capital, Diaspora Ventures, and 20 web3 angel investors, including 14 members of the Safary…

A closely followed crypto analyst says one catalyst could send the altcoin market soaring for months. The analyst pseudonymously known as Rekt Capital tells his 100,000 YouTube subscribers that if Ethereum (ETH) breaks through a key resistance level “the next few months are going to be life-changing.” “Breaking out would enable a massive influx of money flow into smaller altcoins. And Ethereum breaking out to new all-time highs would be a major catalyst on a technical side in making all these other altcoins rally quite substantially.” According to the trader, ETH needs to break through $4,000 to ignite massive altcoin…

The Dogecoin price chart hints at a potential ascending triangle pattern formation, which could propel its price to new levels. In an X (formerly Twitter) post, a crypto analyst revealed that if the popular meme coin succeeds in creating this bullish technical pattern, it could trigger a price surge to $0.56. Dogecoin Price Eyes $0.5 Surge  According to crypto analyst Rekt Capital, Dogecoin is showing signs of forming a possible Ascending Triangle pattern on its price chart, signaling a potential breakout to a new price target at $0.56 target. Typically, an Ascending Triangle forms when a cryptocurrency breaches the upper…

Este artículo también está disponible en español. XRP has broken through a key resistance level, reaching price points not seen since its multi-year highs set in 2021. The cryptocurrency has been on an aggressive upward trajectory for over three weeks, signaling strong bullish momentum in the market. Investors and analysts alike are closely monitoring XRP’s price action, as it shows no signs of slowing down. Related Reading Renowned crypto analyst Ali Martinez recently shared a compelling technical analysis, suggesting that XRP is poised to reach the $2 mark in the near future. His analysis highlights XRP’s robust breakout above critical…

As Bitcoin continues to face resistance near the $100,000 mark, the NFT market has experienced a 1.6% drop, with total sales volume settling at $146.5 million. While Bitcoin (BTC) trades at $96,800, Ethereum (ETH) has shown strength by surging 3.5% in the last 24 hours to reclaim the $3,700 level. The global cryptocurrency market capitalization has expanded to $3.42 trillion from last week’s $3.35 trillion. This marks a 2.5% increase over the last day. According to the latest data from CryptoSlam, while overall sales have declined, individual blockchain networks are showing signs of recovery: NFT (non-fungible token) sales volume dropped…

The NFT landscape is awash with tales of incredible debuts and disastrous falls – but no collection has stooped so low, only to rise like a phoenix quite like this one.That NFT collection is Pudgy Penguins.From popular outrage and the ousting of the original founders, to a revival unlike any other we’ve seen to date, Pudgy Penguins now sits as one of the most coveted NFT collections in the world. What is Pudgy Penguins, how did they achieve their comeback, and what may await them in future?Here’s our complete 2024 guide to Pudgy PenguinsWhat is Pudgy Penguins?Pudgy Penguins is a…