Author: Yeek.io

Hi DeFiChain Community,Welcome to your weekly round-up of the DeFiChain ecosystem! It’s been another bustling week with plenty of developments. Let’s dive in and explore what’s new and exciting.Information About How to Set up a SIGIn this weeks Engineering Call, we took the first steps toward empowering the community to set up their own SIGs (Special Interest Groups). This is a huge opportunity for those passionate about shaping the future of our ecosystem.Key Steps to Get Started:👉 Head to our Dev-Discord and join the sig-governance channel.📚 More details and resources you need to launch your SIG will be shared there…

Whale bought 416 million MEW for 10K SOL, sells for 16.27K SOL. Will profit-taking slow down MEW momentum? After the whale’s exit, Cat in a dogs world [MEW] market performance shows moderate volatility. The token traded between a 24-hour low of $0.009228 and a high of $0.009704, reflecting cautious market sentiment.  At press time, MEW was 25.4% down from its all-time high of $0.01288, achieved on 17th November, just 12 days ago. The big question is, does the profit-taking set the highs for MEW coin? Data from Lookonchain revealed that a whale sold 416.8 million MEW tokens for 16,270 SOL…

Welcome to Forkast IQ, presented by Forkast’s Megha Chaddah, where we look beyond the headlines to get you insights that power smarter decisions. SBF found guilty of all seven counts of fraud Crypto community gathers at Hong Kong’s 8th Fintech Week Neo holds HK Web3 Evolution NFT wallet app Backpack to launch crypto exchange with Dubai license NFT markets check with Yehudah Petscher of Forkast Labs Singapore partners with Japan, Switzerland, UK on digital assets Thailand’s Kasikorn Bank buys majority stake in Satang crypto exchange Crypto markets check with Sumit Gupta of CoinDCX

A widely followed crypto analyst thinks one Solana (SOL) challenger is gearing up for more rounds of upside bursts. Pseudonymous analyst Altcoin Sherpa tells his 232,200 followers on the social media platform X that Sei (SEI) looks bullish after breaking out of a rounding bottom pattern on the weekly chart. A rounding bottom formation is a bullish reversal structure suggesting that an asset is ready to witness a new uptrend. Says Altcoin Sherpa, “Fundamentals-wise, I think there needs to be a bit more built on there for people to gamble on but all in all, it looks really good for…

Bitcoin is closing out one of its most remarkable months in history, surging over $30,000 in November and marking a renewed bullish sentiment in the market. As we look ahead to December and beyond, investors are eager to understand whether Bitcoin’s momentum can sustain itself into 2025. With macroeconomic conditions, historical trends, and on-chain data aligning in Bitcoin’s favor, let’s analyze what’s happening and what it could mean for the future.November’s Record-Breaking PerformanceNovember 2024 wasn’t just any month for Bitcoin; it was historic. Bitcoin’s price rose from around $67,000 to nearly $100,000, an approximate 50% peak-to-trough increase, making it the…

Este artículo también está disponible en español. Cardano (ADA) is trading above the critical $1 level, fueling optimism among investors anticipating further upside in the coming weeks. After a strong bullish run in recent weeks, the recent pullback appears to be a temporary pause in an upward trend. Crucial on-chain data supports this outlook, indicating robust network activity that reinforces the bullish sentiment for ADA. Related Reading Key metrics shared by IntoTheBlock reveal over 840,000 transactions recorded on the Cardano network, with total fees amounting to 279,000 ADA. This data underscores growing usage and demand for the Cardano blockchain, adding…

A quant has explained how Ethereum is now in its secondary bull run phase according to the trend in this popular on-chain indicator. Ethereum MVRV Ratio Is Forming A Pattern Similar To Past Two Cycles In a CryptoQuant Quicktake post, an analyst talked about the latest trend in the Market Value to Realized Value (MVRV) Ratio for Ethereum. The “MVRV Ratio” is an on-chain metric that keeps track of the ratio between the asset’s market cap and its realized cap. The realized cap here refers to a capitalization model that calculates ETH’s total value by assuming that the value of…

  From November 14th to 17th, Marfa, Texas, will come alive with Art Blocks Marfa Weekend—a four-day gathering where art, technology, and community intersect. As a cornerstone of the generative art movement, Art Blocks curates a blend of immersive installations, panel discussions, exhibitions, and performances, drawing artists, collectors, and enthusiasts to explore blockchain’s transformative role in art. Highlights of Art Blocks Marfa Weekend 2024 Thursday, November 14 Tokens of Presence Exhibition at Art Blocks Gallery: Generative art takes form in physical space with works by Michael Kozlowski, Iskra Velitchkova, Zach Lieberman, and more. glitch Gallery Presents 113’s Untitled Exhibition: Tribute…

Hex Trust, a digital asset provider of custody, staking, and trading services, is partnering with Clearpool, a DeFi credit protocol, to launch a new blockchain for Real-World Asset (RWA) yield, dubbed ‘Ozean’.Through the new partnership, the two entities will look to combine Hex Trust’s technology and services, institutional client base, and regulated infrastructure with Clearpool’s RWA lending expertise. Together, Hex Trust and Clearpool will aim to place Ozean at the forefront of the digital asset sector, by providing the necessary secure, compliant, and scalable framework.“Ozean is a game-changer for the RWA space, bringing together the key ingredients needed for institutional…

As we build up to De.Fi World 2024 in Bangkok, we have launched an exciting new campaign designed to bring you, De.Fiers and the global crypto community together. With a large prize pool of $50,000 and plenty of engaging activities, you won’t want to miss the opportunity to showcase your skills and unlock new challenges throughout the campaign. How the Campaign Works Our Partner Projects offer a series of tasks that allow you to earn Points for completing them. These tasks are simple, such as following social media accounts or engaging with content, and rewards are Points that you can…