Author: Yeek.io

The DoubleZero Foundation, a non-profit organization working to build a “global fiber network” for high-performance distributed systems and blockchains, raised $28 million in a token funding round. The round was co-led by leading crypto venture firms Multicoin Capital and Dragonfly Capital. A New Infrastructure Backbone for Blockchain: “We’ve reached a point where the bottleneck for blockchain is actually on the network and data transport layer, not the compute,” said DoubleZero co-founder Austin Federa. “So, we’ve essentially designed DoubleZero to become the new physical infrastructure backbone for high-performance blockchains. It’s the last frontier to scale performance.” Blockchain technology is intended to…

The Wyoming-incorporated tech firm confirms prioritizing Ethereum over Bitcoin treasury, citing ETH potential as a financial instrument.  In a Wednesday statement, BioNexus Gene Lab Corporation confirmed the formal approval to establish an Ethereum-focused treasury. The decision makes it the first Nasdaq-listed entity to prioritize ETH as its strategic asset exclusively.  BioNexus Adopts Ethereum Treasury  The Wyoming-based tech firm issued the Ethereum Strategy Whitepaper alongside the March 5 announcement outlining the rationale of prioritizing ETH over the common Bitcoin treasury. The firm noted that though Bitcoin offers a strong store of value, Ethereum yields broader utility given its programmable financial…

Today, the Texas Senate has passed SB 21, a bill aimed at creating a strategic Bitcoin reserve for the state, by a vote of 25-5. The bill will now advance to the Texas House for further consideration. Texas Lieutenant Governor Dan Patrick identified SB 21 as a priority bill for the 2025 legislative session this past January. The bill aims to position Texas as a leader in Bitcoin adoption by establishing a reserve of BTC, which proponents argue will serve as a hedge against economic instability and inflation. Support for the bill was evident during a February 18 hearing held…

Wash trading and money laundering in NFTs: What’s the difference? Wash trading and money laundering in NFTs are fraudulent activities that manipulate market prices and facilitate illegal financial transactions in the digital art world.As non-fungible tokens (NFTs) continue to shape the digital landscape, offering creators new ways to monetize their work, they have also drawn attention from those with malicious intentions.Two of the most concerning fraudulent activities in the NFT space are wash trading and money laundering. These practices are illegal and undermine the integrity of the NFT market by artificially inflating prices and introducing illicit activities that can have…

Ethereum’s total value locked dropped 27% to $97 billion in February, as the broader decentralized finance sector fell from $217 billion to $168 billion amid liquidity outflows. Decentralized finance‘s total value locked fell by nearly 23% in February, dropping from $217 billion to $168 billion as market volatility, liquidity shifts, and capital outflows pressured key protocols, says DappRadar’s analyst Sara Gherghelas. In a recent research report, Gherghelas pointed out that Ethereum (ETH), which holds nearly 60% of DeFi’s liquidity, saw its TVL fall 27% to $97 billion in February. The decline was mainly due to lower liquidity in liquid staking…

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 323.83 ETH 18 ethereum View 2 Pudgy Penguins 216.20 ETH 22 ethereum View 3 CHuBBiT Official Collection_V2 189.85 ETH 76 ethereum View 4 Milady Maker 119.14 ETH 32 ethereum View 5 Lil Pudgys 77.62 ETH 68 ethereum View 6 SMB Gen2 0.00 ETH 43 solana View 7 Unidentified contract – 6tv178y1g5 58.82 ETH 52 polygon View 8 Mutant Ape Yacht Club 55.92 ETH 26 ethereum View 9 Kaito Genesis 53.38 ETH 24 ethereum View 10…

Homepage > News > Business > Taiwan to launch a national digital wallet by end of 2025 Taiwan is set to launch a national digital wallet that will hold its citizens’ digital ID, certificates, licenses and other personally identifiable information by the end of 2025. Taiwan’s Ministry of Digital Affairs revealed this week that the new wallet will contain citizens’ digitized identification, national health insurance information, certificates of professional skills, business certificates, driving licenses and more. The East Asian nation says the new digital wallet can be used for identity verification in private and public sector institutions. Financial institutions, such…

Solana validators are set to vote on a new proposal that could change how SOL inflation works by adjusting token emissions dynamically. At Epoch 743, expected to begin this weekend, Solana validators will vote on Solana Improvement Document-0228, a governance proposal that ties inflation rates to staking participation. SIMD-0228:As we head to the vote in epoch 753, I am proud to share that we have spent almost two months discussing SIMD-0228 in public. (Check screenshot for details).Throughout the process, we incorporated several pieces of community feedback:1. Transitioned from a… pic.twitter.com/0g138cFGY8— Vishal Kankani (@kankanivishal) March 6, 2025 The proposal was put…

Enthusiasm for memecoins appears to have cooled after a series of bad launches and rug pulls killing off investor interest, according to CoinGecko founder Bobby Ong. Metrics for token launchpad Pump.fun immediately plummeted following the Libra (LIBRA) rug, Ong said in a March 6 report, with newly created tokens and daily graduated tokens on the platform falling over 90% since their February peak.“The launch of TRUMP and MELANIA marked the top for memecoins as it sucked liquidity and attention out of all the other cryptocurrencies.”The memecoin market has taken a serious hit following the Libra launch. Source: CoinGeckoIt’s a stark contrast…

The chances of Bitcoin surpassing its all-time high of $109,000 by June are favorable, but the market first needs time to absorb volatile macroeconomic conditions, says Swan Bitcoin CEO Cory Klippsten.“I think there’s more than 50% chance we will see all-time highs before the end of June this year,” Klippsten told Cointelegraph. However, he said that market participants first need to adapt to US President Donald Trump’s tariff threats and the uncertainty around inflation rates.Markets need time to digest“The market needs to first digest tariffs, trade war fears, and growth scare fears. Bitcoin trading below $100,000 right now feels like a…