Author: Yeek.io

Homepage > News > Business > Shenzhen launches $1.3B fund for AI development China’s Shenzhen has its sights on becoming the country’s leading city for artificial intelligence (AI) adoption with a massive capital injection into the sector. The city has completed plans to roll out a 10 billion yuan (US$1.39 billion) AI fund designed for the ecosystem’s growth and adoption. The city administrators disclosed the plans in a press conference with key ecosystem players and representatives of government agencies in attendance. The fund will be used to develop AI applications in the city, focusing on hardware and software components. There…

What is yield farming? Yield farming, also known as liquidity mining, is a decentralized finance (DeFi) strategy where cryptocurrency holders lend or stake their assets in various DeFi protocols to earn rewards. These rewards often come in the form of additional tokens, interest or a share of transaction fees generated by the platform. In the yield farming ecosystem, individuals known as liquidity providers (LPs) supply their assets to liquidity pools, smart contracts that facilitate trading, lending or borrowing on DeFi platforms.By contributing to these pools, LPs enable the smooth operation of decentralized exchanges (DEXs) and lending platforms. In return for their…

A solo Bitcoin miner using a relatively cheap, pocket-sized crypto mining rig has solved one of the blockchain’s blocks and earned the full $263,000 reward.The miner became the 297th solo miner to mine a Bitcoin block from the solo.ckpool Bitcoin (BTC) mining pool, its developer, Con Kolivas, said in a March 10 X post.He added the miner used a 480-gigahash per second (GH/s) Bitaxe machine. For comparison, many big crypto-mining companies use machines that can operate at over 230,000 GH/s.“A miner of this size has only less than a 1 in a million chance of finding a block per day,…

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. In an interview with the Paul Barron Network, Bitwise Chief Investment Officer (CIO) Matt Hougan expressed his perspective on the long-debated regulatory battle surrounding XRP and its potential market reaction once legal uncertainties are resolved. According to Hougan, the…

Stablecoins have long fueled crypto bull runs by injecting liquidity into the market, but their role is evolving beyond speculation. As stablecoin adoption hits record highs, how will this impact the next crypto cycle?Recent Stablecoin ATHIn November 2024, the global stablecoin market capitalization surged to an unexpected $190 billion, exceeding the previous all-time high of $188 billion recorded in April 2022. Moreover, stablecoin trading volumes on centralized exchanges surged, rising 77.5% month-over-month to $1.81 trillion as of November 25.Source: Allium & IgnasMeanwhile, USDT remained dominant, accounting for 82.7% of total volume across centralized exchanges. FDUSD ranked second with a 9.01%…

Ethereum layer 2 Starknet is laying the groundwork to settle on Bitcoin and Ethereum to unify the two largest blockchains on a single layer.The Starknet Foundation said in its March 11 Bitcoin roadmap that it’s aiming for Starknet to become Bitcoin’s execution layer, scaling it from 13 transactions per second to thousands, reducing blocks and gas fees, and creating a better user experience.“Most Bitcoin today sits static in wallets and exchanges, constrained by the limitations of the network’s original design: a lack of scalability and an inability to natively support applications beyond simple buying, selling, and transferring,” the foundation said.It…

Altcoins struggle with Bitcoin dominance, but some analysts see signs of a potential comeback. Altcoin season index hits a multi-month low — contrarian signals suggest a possible reversal. Altcoins are bleeding, but not everyone’s out of hope. CoinMarketCap’s altseason index has slumped to 17 — nowhere near the level that marks a healthy altcoin cycle. With a staggering $600 billion erased from the market and altcoin capitalization down 38% from its all-time high, the mood is grim. Still, some analysts aren’t throwing in the towel. Beneath the wreckage, they see early signs of rotation and the groundwork for a possible…

CryptoQuant analyst Darkfost suggests that Bitcoin’s recent downtrend may be nearing its end as selling pressure from large holders on Binance appears to be easing. In a Mar.12 post on X, Darkfost highlighted a decline in Binance’s BTC whale ratio, which measures the share of the top 10 inflows relative to total inflows. Strong whale selling activity is indicated by a high ratio, which frequently causes brief corrections. This metric’s recent downward trend, however, indicates that big holders are reducing their sell orders, which is typically an indication of an impending market recovery. 📊Is Binance’s whale selling pressure ending ?Monitoring…

Ethereum layer 2 Starknet is laying the groundwork to settle on Bitcoin and Ethereum to unify the two largest blockchains on a single layer.The Starknet Foundation said in its March 11 Bitcoin roadmap that it’s aiming for Starknet to become Bitcoin’s execution layer, scaling it from 13 transactions per second to thousands, reducing blocks and gas fees, and creating a better user experience.“Most Bitcoin today sits static in wallets and exchanges, constrained by the limitations of the network’s original design: a lack of scalability and an inability to natively support applications beyond simple buying, selling, and transferring,” the foundation said.It…

Are meme coins the ultimate shortcut to life-changing gains? In the crypto world, meme coins have become more than just internet jokes—they’re serious investments with massive potential. From record-breaking surges to million-dollar presales, these tokens have captivated the market. Right now, the hottest meme coins on everyone’s radar include Arctic Pablo Coin, Osaka Protocol, COQ Inu, Cheems, Sudeng, and Bone ShibaSwap.  Each brings something unique to the table, but one stands out from the rest. Arctic Pablo Coin is rewriting the rules of meme coin presales, offering a fresh approach that could lead to astronomical returns. 1. Arctic Pablo Coin:…