Author: Yeek.io

Monday 8 July 2024 A new case study showcases the successful implementation of cross-chain Delivery versus Payment (DvP) settlement using EEA DLT Interoperability Specification The Enterprise Ethereum Alliance (EEA) today released a new case study today demonstrating a successful implementation of its Distributed Ledger Technology (DLT) Interoperability Specification. The Distributed Ledger Technologies Interoperability Case Study highlights a Delivery versus Payment (DvP) settlement process involving multiple DLT networks. Key highlights of the case study include: Successful interoperability between a private permissioned Corda network for securities management and a private permissioned Ethereum network for payments Implementation of atomic settlement as per the…

Quoll, a yield farming platform on the BNB Smart Chain (BSC), saw its total value locked (TVL) soar from nearly $1 million on November 26 to the current level of $13.7 million, setting a new record, as per data from DefiLlama. Quoll has been a dormant yield product since its 2022 launch with nearly $9 million in TVL. It hasn’t been a successful project, as its TVL has been steadily declining since its launch despite the volatility in the decentralized finance (DeFi) sector. Earlier this month, its TVL reached the lowest level on record at $150,000. Since then, the metric…

Aurum Equity Partners launched a $1 billion tokenized equity and debt fund on the XRP Ledger, an enterprise-grade blockchain network linked with Ripple.The Fund will seek investments in data centers across the US, the UAE, Saudi Arabia, India, and Europe. It has been heavily promoted as the “world’s first combined equity and debt tokenized fund” that allows investors to engage in a hybrid model by utilizing both asset classes via blockchain technology.Aurum Launches $1B Tokenized Fund on XRP Ledger.Aurum Equity Partners unveiled the world’s first hybrid equity and debt tokenized $1 billion Fund, powered by Zoniqx’s asset tokenization technology. This…

On September 5, 2020, Chef Nomi, the pseudonymous creator of SushiSwap, shocked the community by removing his significant share of SUSHI/ETH liquidity and converting it to ETH. The action, commonly referred to as a “rug pull,” resulted in Chef Nomi gaining approximately $14 million worth of ETH – leaving the SushiSwap community disappointed and feeling betrayed.Dashed PotentialAt the time, SushiSwap was positioned to become a strong decentralized competitor to Uniswap. It had successfully executed a “vampire attack” by attracting liquidity providers and migrating their funds from Uniswap to SushiSwap. Users had moved around $1 billion in Uniswap liquidity tokens to SushiSwap, signaling…

A trader won a fortune betting on a cryptocurrency inspired by a viral internet meme, which is now worth more than $500 million in market capitalization. What Happened: On-chain tracking platform Lookonchain took to X Wednesday, highlighting the extraordinary trade of Just a chill guy (CHILLGUY) token. The trader turned a mere $160 into a staggering $6.14 million in just 12 days, marking a 38,399X return on investment. The trader purchased 12.5 million CHILLGUY tokens on Pump.fun, a Solana SOL/USD-based meme coin launching pad, for 0.75 SOL, equivalent to $160. Subsequently, they sold 2.8 million CHILLGUY for 149 SOL, worth $35,400. The trader…

In the current era where social media platforms have gained dominance, users revealed their personal and private data for free. This data was monetised by corporate giants for trillions of dollars in advertising revenue. Silicon Valley-headquartered Bluwhale, an AI Web3 startup follows a new approach, which gives control and money to wallet holders. For the first time, wallet holders can be in charge of their digital profile and decide if they want to hear from marketers and monetise their information. Raises $7M seed round Now, Bluwhale has raised a $7 million seed funding round led by SBI, both SBI Ven…

The competition among Layer-1 blockchains is fierce, with projects like $SOL, $SUI, and $OM dominating headlines. However, $OM is increasingly standing out, with its focus on real-world asset (RWA) tokenization—a sector set to redefine decentralized finance. With a current price of $3.65 and a market cap of $3.3 billion, $OM has already delivered an incredible 198% rally over the past month. It remains one of the strongest performers among Layer-1s, signaling its potential to reach $10 and break into the top 20 cryptocurrencies by market cap in 2024. Liquidation Data Reflects Market Sentiment Recent liquidation data highlights the bullish sentiment…

Vancouver is the latest city to join the discussions on adding Bitcoin to the government’s financial reserves. At a city council meeting on November 26th, Mayor Ken Sim submitted his notice of motion, where he plans to introduce his proposed Bitcoin bill on December 11th. The city’s proposal is titled ” Preserving the city’s purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city. ” It aims to integrate Bitcoin into the city’s financial system and make Vancouver a “Bitcoin-friendly city,” using Bitcoin as a hedge against inflation and promoting economic development. Vancouver Makes A Move Towards BTC Adoption…

Este artículo también está disponible en español. After briefly retreating to $90,000 earlier in the week, Bitcoin has rebounded strongly, climbing above the $95,000 price. Currently trading at $95,224, Bitcoin has recorded a 7% gain over the past two weeks, signaling renewed bullish momentum. Related Reading Key Indicators Highlight Best Buying Opportunities As Bitcoin continues its rally, CryptoQuant, a prominent on-chain analytics platform, has shared insights into key metrics that could help potential investors determine optimal entry points. Drawing on historical data and market behaviour, CryptoQuant highlights the patterns of price corrections, short-term holder strategies, speculative bets, and trading volume…

The EcoDev Research Team at the Ethereum Foundation is excited to announce the launch of five six-month research fellowship positions. This fellowship offers the opportunity for participants to dive deep into underexplored Ethereum use cases, identifying blockers and enablers that may affect their development. We invite researchers, developers, community members, and professionals from other industries to apply by submitting their background information and a one-page research proposal. We are looking for innovative ideas focused on nascent Ethereum use cases that: Materially and uniquely benefit from Ethereum’s capabilities.Focus on use cases that create positive sum outcomes and real-world benefits.Have yet to…