Author: Yeek.io

A growing number of Millennials and Gen Z investors are allocating over half of their investment portfolios to cryptocurrency, according to the World Economic Forum’s 2024 Global Retail Investor Outlook published Wednesday. Rather than a passing trend, this reflects a clear shift in how younger investors are approaching risk, trust and financial planning.The report, which surveyed over 13,000 individuals across 13 countries, reveals that 62% of Millennial investors have crypto holdings making up at least a third of their portfolios. Among Gen Z investors, 35% allocate more than half of their portfolio to crypto, while 20% invest around one-third of…

A rule to scrap a U.S. Internal Revenue Service rule targeting decentralized finance platforms has cleared the Senate, setting the stage for the president’s expected sign-off. On March 26, the Senate voted 70-28 in favour of repealing the controversial DeFi broker rule, which sought to expand tax reporting requirements for businesses in the sector. Earlier this month, the House of Representatives passed the resolution with bipartisan support, with Republican Representative Mike Carey, a vocal critic of the bill, calling it a “massive government overreach” that would compromise the privacy of American nationals and hinder growth in the industry. Now, the…

Chronicle, a leading blockchain data provider specializing in tokenized assets, has successfully raised $12 million in a seed funding round led by Strobe Ventures (formerly BlockTower Capital). The funding round also saw participation from prominent investors such as Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital, Fenbushi Capital, and renowned crypto angel investors including Rune Christensen (founder of MakerDAO), Andre Cronje (founder of Sonic and Yearn), Stani Kulechov (founder of Aave), Mark Phillips (co-founder of Steakhouse), and Sam MacPherson from Phoenix Lab. Driving Tokenized Asset Adoption with Verified Data: Founded in 2017, Chronicle operates as a decentralized oracle network that…

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. Sui Network’s native token, SUI, has reclaimed a crucial level after its 10% price breakout. The token has shown bullish momentum over the past few days, climbing to weekly highs on Wednesday. Various market watchers suggested the momentum could…

In the past 24 hours, Hyperliquid, a well-known derivatives DEX that has recently faced multiple whale attacks, has once again been exploited due to a price manipulation vulnerability involving the JELLY token. This incident not only caused a sharp decline in the total value locked (TVL) in Hyperliquid’s liquidity vault (HLP) but also raised concerns within the Web3 community regarding the exchange’s security and transparency.Inside the Hyperliquid Price ManipulationBackground of the CaseHyperliquid is a decentralized exchange (DEX) specializing in perpetual futures trading. It operates on its own Layer-1 blockchain, HyperEVM, designed for fast and efficient transactions.Hyperliquidity Provider is an internal…

Homepage > News > Business > Meta tables charging UK users for ad-free social platforms Advertising accounts for roughly 98% of Meta‘s (NASDAQ: META) revenue, but that could soon change due to a landmark legal case in the United Kingdom. This week, Meta and Human Rights campaigner Tanya O’Carroll decided to settle a case launched in 2022. As part of that settlement, Meta agreed to stop using O’Carroll’s data to serve her personalized ads on Facebook, Instagram, and other Meta-owned platforms. While this only applies to O’Carroll and her data, it sets a legal precedent. Given the case had the…

Law enforcement in India has arrested five suspects who allegedly duped a businessman out of roughly $700,000 via a fake cryptocurrency trading platform. According to local media, the five suspects, including one woman, were taken into custody following an investigation by the cybercrime wing of Odisha’s Crime Branch.  The accused reportedly ran a scam using a bogus trading app called ZAIF, where they promised massive returns of up to 200% on digital currency investments. The trading platform was promoted as being based in Japan. It’s worth noting that ZAIF is the name of a legitimate Japanese cryptocurrency exchange, which suffered…

Opinion by: Marc Boiron, chief executive officer of Polygon LabsDecentralized finance (DeFi) needs a reality check. Protocols have chased growth through token emissions that promise eye-popping annual percentage yields (APYs) for years, only to watch liquidity evaporate when incentives dry up. The current state of DeFi is too driven by mercenary capital, which is creating artificial ecosystems doomed to collapse.The industry has been caught in a destructive cycle: Launch a governance token, distribute it generously to liquidity providers to boost total value locked (TVL), celebrate growth metrics, and watch helplessly as yield farmers withdraw their capital and move to the…

Top NFT Collections (Last 24h) Here are the hottest NFT Collections of the day. Rank Name Volume Transactions Chains URL 1 Uniswap v4 Positions NFT 560.90 ETH 7 ethereum View 2 Courtyard.io 349.83 ETH 11731 polygon View 3 CryptoPunks 300.19 ETH 5 ethereum View 4 Pudgy Penguins 195.94 ETH 19 ethereum View 5 Bored Ape Yacht Club 177.67 ETH 12 ethereum View 6 pattern recognition 150.00 ETH 67 ethereum View 7 SMB Gen2 0.00 ETH 95 solana View 8 Doodles 103.78 ETH 33 ethereum View 9 Good Vibes Club 104.75 ETH 267 ethereum View 10 Azuki Elementals 94.75 ETH 339…

The trader behind recent “suspicious market activity” on Hyperliquid that led to the freeze and delisting of the Jelly my Jelly (JELLY) memecoin is potentially down almost $1 million from their actions. Blockchain analytics firm Arkham Intelligence said in a March 26 post to X that the trader attempted to manipulate the system to profit from price movements, withdrawing collateral before Hyperliquid’s liquidation system could catch up.The trader opened three accounts within five minutes of each other, two with $2.15 million and $1.9 million long positions, and the third a $4.1 million short, to cancel out the long positions, according to…