Author: Yeek.io

Global investment manager VanEck has filed for an Avalanche (AVAX) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) seeking to offer investors direct exposure to the smart contract platform. A snippet of the S-1 filing was shared on social media on March 14 by Bloomberg analyst James Seyffart, who has been closely monitoring developments in the crypto ETF industry.Source: James SeyffartThe proposed VanEck Avalanche ETF intends to “reflect the performance of the price of “AVAX,” the native token of the Avalanche network, less the expenses of the Trust’s operations,” the prospectus read. The proposed fund will hold AVAX…

David Sacks and his venture capital firm sold over $200 million in crypto and crypto-related stocks before he commenced his role as the White House AI and crypto czar, a White House memorandum disclosed.“You and Craft Ventures have divested over $200 million of positions related to the digital asset industry, of which $85 million is directly attributable to you,” said the memorandum dated March 5.Crypto sell-off in an effort to prevent conflict of interestThe memorandum said “significant steps” were taken to reduce potential conflicts of interest before Sacks began his tenure as the White House AI and crypto czar —…

A previously unknown type of cryptojacking malware called MassJacker is targeting piracy users and hijacking crypto transactions by replacing stored addresses, according to a March 10 report from CyberArk.The cryptojacking malware originates from the website pesktop[dot]com, where users seeking to download pirated software may unknowingly infect their devices with the MassJacker malware. After the malware is installed, the infection swaps out crypto addresses stored on the clipboard application for addresses controlled by the attacker.According to CyberArk, there are 778,531 unique wallets linked to the theft. However, only 423 wallets held crypto assets at any point. The total amount of crypto…

Homepage > News > Business > This Week in AI: DeepSeek seeks funding, AI laws take shape DeepSeek’s unconventional approach to fundraising In a surprising and uncommon move within the artificial intelligence (AI) industry, DeepSeek, the AI company that made a splash for allegedly offering a highly capable model at a fraction of the cost of its United States competitors, has announced that it isn’t actively seeking venture capital funding. DeepSeek cites three primary reasons for avoiding venture capital (VC) money. First, they don’t want to dilute ownership or lose company control. Second, they fear that investments from Chinese firms…

A Solana (SOL) layer-2 scaling solution defied the wider crypto market slump and surged by more than 41% this week following a flurry of recent exchange listings. Solayer (LAYER) is a blockchain network designed for high throughput and near-zero latency. The network bills itself as “infinitely scalable” and is designed to handle 1 million transactions per second (TPS). Explains the project, “Solayer is a protocol for developers who want to enhance their decentralize application’s performance on Solana. It aims to increase the reliability of network access while reducing associated costs by up to 50x.” Solayer’s new native token, LAYER, is…

Ethena’s daily revenue has surpassed PancakeSwap and Jupiter, trailing only behind Tether and Circle. Following this achievement, ENA rose 4%. According to data from DeFi Llama, Ethena (ENA) rose through the ranks to become the third largest protocol by daily fees. In the past 24 hours, the Ethereum (ETH) -based decentralized stablecoin protocol has accumulated around $3.28 million. These fees were generated from the stablecoin USDE (USDE). According to data from crypto.news, USDE’s market cap stands at $5.4 billion. Meanwhile, its 24-hour trading volume has increased 23.6% from the previous day, reaching $63 million. The stablecoin has a circulating supply…

Ripple’s XRP has been one of the hottest cryptos in the market thanks to its impressive price performance, especially after US President Donald Trump’s reelection. Trading below $1 for most of 2024, XRP hits its stride days after the November elections, breaking the $1 level on November 6th, and the $2 barrier by December 2nd, then surging past $3.30 on January 18th.  Now, Ripple is back in the news for moving 200 million XRPs valued at around $457 million. This massive transfer, often associated with “whale transactions,” caught the attention of many and has led many to speculate. Is The…

The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision on multiple altcoin ETFs, including the Grayscale Spot XRP ETF, 21Shares Spot XRP ETF, WisdomTree Spot XRP ETF, Bitwise Spot XRP ETF, and Canary Spot XRP ETF. Despite the prolonged wait, this news appears to have had a positive impact on the crypto market and on the asset itself, driving XRP’s price up nearly 20% in a short period. Could this be a sign of a stronger rise trend for XRP in the near future? The Presence of XRP  XRP, commonly known as Ripple, is a…

Industry voices warned that politically endorsed cryptocurrencies must adopt stronger investor protections and liquidity safeguards to prevent another major market collapse.Investor sentiment remains shaken after the Libra (LIBRA) token, which was endorsed by Argentine President Javier Milei, suffered a $4 billion market cap wipeout due to insider cash-outs.According to blockchain analytics firm DWF Labs, at least eight insider wallets withdrew $107 million in liquidity, triggering the massive collapse.Libra/USDC market cap. Source: Kobeissi LetterTo avoid a similar meltdown, tokens with presidential endorsements will need more robust safety and economic mechanisms, such as liquidity locking or making the tokens in the liquidity…

MANA, SAND, and AXS’s charts revealed notable supply clusters Cost Basis analysis highlighted key accumulation zones that could define the next trend for major metaverse tokens The metaverse once stood as the next big innovation in digital ecosystems, with projects like Decentraland [MANA], The Sandbox [SAND], and Axie Infinity [AXS] leading the charge.  However, hype around the metaverse has significantly cooled down over the last few years. In fact, the prices of major metaverse tokens have suffered severe downturns too, with investor interest dwindling consistently.  Now, with signs of renewed engagement and price activity, the key question is – Are…