Author: Yeek.io

Key Takeaways: The initiative will pilot the digital yuan in retail and event-based settings, incorporating it in everyday transactions. Local authorities will pair digital currency usage with infrastructure upgrades and flagship retail development. National regulators have recently warned of scams misusing the digital yuan name, reinforcing the need for clear communication around official channels. The Department of Commerce of Zhejiang Province has issued a new strategy to strengthen the province’s “first-launch economy,” with a focus on debut store openings, product showcases, and flagship brand development with digital yuan. The plan, released on April 17, outlines a roadmap through 2027 to…

The hacker who exploited a decentralized exchange, KiloEx, for $7.5 million has unexpectedly returned all the money that was stolen, just four days after the hack.KiloEx halted operations for a while after the exploit to evaluate the harm and get over the breach. The wallet address connected to the breach, however, returned almost $5.5 million worth of cryptocurrency, which was a noticeable event.On April 18, the blockchain security company PeckShieldAlert announced that the money had been returned, pointing out that the transaction had taken place minutes before KiloEx’s formal declaration. Soon after, the exchange tweeted that the stolen assets had…

HashKey Capital launched the HashKey XRP Tracker Fund, Asia’s first investment fund tracking XRP. Backed by Ripple as the anchor investor, this fund targets professional investors, offering exposure to XRP without direct ownership. This collaboration marks a significant step in expanding institutional crypto adoption in Asia, leveraging Ripple’s expertise and HashKey’s regional influence.Source: Hashkey CapitalToday, HashKey Capital unveiled the HashKey XRP Tracker Fund, an initiative designed to track the performance of XRP. As the first such fund in Asia, it provides professional investors with a regulated, accessible way to access XRP without direct ownership, such as managing crypto wallets or…

Homepage > News > Business > This Week in AI: Is OpenAI creating a social media platform? Is OpenAI Building a Social Media Platform? It’s rumored that OpenAI is developing its own social media platform. According to a report from The Verge, the prototype focuses on generative artificial intelligence (AI) image creation and includes a feed-like social component. This sounds like the OpenAI team is trolling Elon Musk—the owner of X (formerly Twitter)—an individual who has been giving the company trouble by way of his lawsuit against them. Although the rumor has not been confirmed by the company, back in March, Sam Altman, the founder and CEO of…

In a surprising turn of events, the hacker behind the $7.5 million exploit of decentralized exchange KiloEx has returned the entire sum just four days after the initial attack. On April 14, KiloEx suspended its perpetual futures trading platform following a severe security breach that resulted in attackers draining $7.5 million worth of cryptocurrency assets across the Base, opBNB, and BNB Chain networks. The exploit was traced to a flaw in KiloEx’s price oracle system, which allowed the attacker to manipulate the ETH/USD price feed. This enabled the attacker to open positions at absurdly low prices and close them at…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum is trading at critical levels after enduring weeks of aggressive selling pressure. Since retracing below the key $2,000 mark, the second-largest cryptocurrency has struggled to regain bullish momentum. Currently down 21% from that level, ETH continues to hover…

Opinion by: Axel Schorn and Dr. Duc AuTraditional stocks, bonds and commodities markets have long benefited from well-established standards governing the flow of information and data. These standards underpin the seamless functioning of trading, settlement and regulatory compliance, ensuring all participants can rely on the same consistent frameworks.As the financial industry moves into decentralized finance (DeFi) with the introduction of digital assets, like crypto assets and tokenized securities, the lack of such standards presents a growing challenge. While digital assets promise transformative potential, their fragmented information landscape risks undermining their adoption and integration into the broader financial ecosystem.Independent platforms like CoinMarketCap…

VICTORIA, Seychelles, April 18th, 2025, Chainwire   In April 2025, at the Paris Blockchain Week(PBW), BYDFi, as one of the official sponsors, unveiled its new Web3 product—MoonX, highlighted during the event. MoonX is an on-chain smart trading tool designed specifically for MemeCoin investors, integrating features such as hot trend discovery, risk screening, smart money following, and trade optimization. The launch of MoonX marks BYDFi’s official entry into the “Dual Engine Era” of both Centralized Exchange (CEX) and Decentralized Exchange (DEX) platforms. In a highly competitive global crypto exchange market, BYDFi is one of the first to complete this platform upgrade.…

What happens when a longtime Ethereum insider calls the ecosystem a “religion” that’s lost touch with reality? A critical look at Soleimani’s thread — and why it struck a nerve. Ethereum gets called out “again” On Apr. 17, Ameen Soleimani posted a detailed thread on X that sharply critiqued what he sees as Ethereum’s (ETH) growing detachment from practical concerns.  Okay so I’m drunk, bored and on a plane, so I’m going to address this point by point. I’m doing this because I despise the part of the Ethereum religion that promotes euphemisms over reality, as in my view it…

Hyperliquid, an emerging Layer 1 blockchain, has surged in prominence following its record-breaking airdrop in November 2024, positioning itself as a formidable contender in the DeFi space. Its rapid rise invites comparisons with Ethereum, the leading Layer 1 blockchain.While Ethereum boasts a massive Total Value Locked (TVL), Hyperliquid’s ability to generate significantly higher fees despite a smaller TVL highlights a fascinating dynamic in blockchain economics, driven by their distinct designs and market focuses.Hyperliquid is Starring: The Numbers SpeakHyperliquid is a high-performance Layer 1 blockchain tailored for decentralized perpetual futures trading. As of April 2025, its TVL is approximately $627.27 million,…