Author: Yeek.io

Opinion by: Daniel Ahmed, co-founder of Fasset and founding member of the Own FoundationCrypto was born from a vision to decentralize power, democratize finance and build systems where equity prevails over exploitation. Somewhere along the way, however, the movement lost its moral compass. As speculation surged, purpose dwindled.We must return crypto to its decentralized roots, a technological revolution built on long-term value, inclusivity and ethics rather than cyclical, speculative gains. The industry should take inspiration from emerging regions and how ethical financial investing can help to repair some of the ways our industry has often fallen short. The rise of layer…

The Crosschain Challenge for AppchainsAs the number of appchains continues to grow, so does the demand for seamless user access. These chains often launch with tailored architectures, performance optimizations, and unique value propositions—but they still face the same fundamental challenge: how to onboard users and liquidity from across the ecosystem. Without a smooth crosschain experience, even the most innovative appchains risk stalling adoption.Paradex, a high-performance decentralized exchange built for perpetual trading, was no exception. To grow its user base and unlock true on-chain liquidity, Paradex needed a fast, cost-efficient way for users to bridge assets from major chains directly into…

In a move that signals growing momentum for high-performance, decentralized applications, MagicBlock has announced a $3 million pre-seed funding round to expand its cutting-edge infrastructure for real-time, onchain games and consumer apps built on Solana. The round was secured alongside MagicBlock’s participation in the prestigious a16z Crypto Startup Accelerator (CSX) Spring 2024 cohort — a program run by Andreessen Horowitz’s crypto division aimed at backing next-gen web3 startups. Reinventing Onchain Performance with Ephemeral Rollups: At the heart of MagicBlock’s innovation is its Ephemeral Rollups technology, a novel scaling solution purpose-built to deliver Web2-like performance for decentralized applications while maintaining the…

Institutional Bitcoin adoption is reaching new heights – and that’s a big statement given its TradFi appeal in recent years.The world’s largest asset manager, BlackRock, has accumulated 12,500 Bitcoin over the last three days, marking a $1.16 billion investment. It’s $IBIT spot Bitcoin exchange-traded fund (ETF) saw a $193.5 million inflow on 22 April, $643.2 million on 23 April, and $327.3 million on 24 April.This comes on a backdrop of market-wide institutional Bitcoin interest, with Cantor Fitzgerald recently entering a $3 billion joint venture with SoftBank Group and Tether to form a Bitcoin acquisition company called Twenty One. The company…

A recent report by Bitget estimates the rapid growth of blockchain adoption has the potential to create 1.5 million jobs by 2030, rivalling that of AI’s hiring boom. In Bitget’s latest report, the crypto exchange highlights the untapped potential behind the blossoming sector. As more major companies begin to lean towards integrating the technology into day-to-day operations, the firm believes it could transform from niche to necessity, creating jobs that were previously unheard of. The analysis reveals that while blockchain’s current job market has yet to match the explosive growth already achieved by the artificial intelligence sector, it still has…

Fartcoin trading volume surged by $96.8 million after a whale move. A whale offloaded $4.7 million worth of Fartcoin after two months of inactivity. On a daily time frame, Fartcoin [FARTCOIN] has experienced a massive surge in its trading volume as whale activity spiked. According to EyeOnChain, whales are diving into a Fartcoin frenzy with big purchases. Naturally, this reflected mounting interest—and possibly, brewing volatility. Often, a rise in Trading Volume points to either buying or selling pressure. Looking at whale activity, large entities are making major moves. First, over the past two hours, a whale has spent $2 million…

Quick take: The company previously raised $20 million from investors including Distributed Global, North Island Ventures, and Delphi Digital. Nous Research is using the Solana blockchain to train its open-source AI models. A big percentage of the new funding will go to compute power and expanding its research capabilities. Nous Research, a decentralised AI startup has raised $50 million in a Series A round almost entirely funded by crypto-focused venture firm Paradigm. The fundraising closed at a token valuation of $1 billion, a source who asked for anonymity told Fortune.  The fundraising follows the company’s $20 million funding in seed…

Key Takeaways: KuCoin pivots to Asia after U.S. regulatory crackdown. Rebranding ERX accelerates KuCoin’s strategic entry into Thailand. Thailand’s strict crypto regulations favor licensed exchanges like KuCoin. On April 23, KuCoin announced the launch of its fully licensed cryptocurrency exchange platform in Thailand. The move follows the rebranding of ERX Company Limited to KuCoin Thailand. ERX is Thailand’s first Securities and Exchange Commission (SEC)-supervised digital token exchange. Can KuCoin Challenge Bitkub’s dominance in Thailand?The rebranding efforts come as part of KuCoin’s shift towards Asia, where regulators, though strict, offer a clearer pathway for licensed crypto operators. The Thai crypto market…

Dragonchain’s DRGN rallied over 97% after the U.S. Securities and Exchange Commission said it plans to dismiss its long-running lawsuit against the project over alleged unregistered securities sales. According to a joint filing on April 24, the SEC and Dragonchain have agreed the case should be dismissed with prejudice, meaning it can’t be refiled. The SEC cited the work of its newly established Crypto Task Force and said dropping the suit was the appropriate step. The lawsuit, originally filed in August 2022, accused Dragonchain, its foundation, and founder Joseph Roets of raising $16.5 million through an unregistered token sale.  The…

PENGU price has exploded out of a multi-week consolidation phase, jumping 38% in the past 24 hours amid rising volume, eyeing $0.015 next. Pudgy Penguins (PENGU) just surged 40% in the past 24 hours, breaking out of multi-week accumulation phase marked by sideways movement and low volatility. It’s now testing the previous resistance level at $0.008 – $0.010 — the zone that previously marked the breakdown level in early March before the extended consolidation between $0.004 and $0.006 began. The breakout was supported by a clear surge in volume and momentum indicators flashing bullish signals. RSI broke past 70 and…