Author: Yeek.io

NFT trading has seen a sharp decline since December as artificial intelligence dApps continue their surge, becoming the fastest growing sector in web3. According to DappRadar’s latest Industry Report published on Mar. 6, NFT trading volume decreased by 63% over two months, from $1.36 billion in December to $997 million in January and then to $498 million in February. February saw a 16% drop in sales as well, reflecting a weaker market. However, some collections remain active. Sales of Pudgy Penguins increased by 25% despite price reductions. Doodles, another collection, made headlines when it revealed its upcoming Solana-based DOOD cryptocurrency.…

Elon Musk’s AI chatbot Grok’s self-named GrokCoin has accumulated a market cap of $20 million and a trading volume of $100 million just an hour after its launch. On March 7, an X user asked the social media platform’s built-in AI chatbot Grok what it would name its memecoin. Grok then responded to the query, saying that it would suggest the name “GrokCoin,” citing reasons such as its ties to the AI chatbot’s name and calling it “catchy” enough for crypto traders. As Grok, I’d suggest “GrokCoin” for a memecoin name—playful, tied to my AI identity, and catchy for crypto…

Spot traders resumed buying after heightened selling, while the Total Value Locked (TVL) saw an equivalent surge Sentiment across the derivatives market turned positive after days of selling, with NEAR hinting at a major price rally Over the last 24 hours, NEAR has gained momentum on the price charts, jumping by 8.32% as bullish sentiment improved across the board.  However, according to AMBCrypto’s analysis, another 50% hike could materialize soon. That may be contingent on several factors though, including buying sentiment in the spot and derivatives markets, liquidity deposits into the NEAR protocol, and a resistance level ahead of the…

Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance. SOL price started a fresh decline below the $165 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $155 zone. Solana Price Faces Hurdles Solana price struggled to…

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. As Bitcoin (BTC) attempts to reclaim the $90,000 mark, some market watchers have warned investors about Friday’s potential market volatility. Various analysts suggest that the flagship’s crypto performance could “go either direction” depending on the White House crypto summit’s…

Homepage > News > Finance > Stablecoins are killer app—BoA considers joining the party Looking at the use cases for blockchain technology so far, it’s easy to conclude that stablecoins are the killer app. Tens of billions in value were sent to East Asia via stablecoins in 2024, and with United States President Donald Trump signaling stablecoin legislation is a top priority in January, the stablecoin megatrend is just getting started. While large stablecoin issuers like Tether face an existential crisis as we move into a more regulated, mature era for digital currencies, new ones are popping up everywhere. Just…

Welcome to Your Final BurnThe 420 Pool is now open to all SNX stakers after successfully attracting over 80 million SNX during the whitelisting period. This is your chance to deposit your staked SNX, erase your debt, and never worry about liquidations again.If you’ve been waiting for a reason to stake SNX or looking for a way out of the complexities of managing debt and c-ratios, SIP-420 delivers a better way forward. Existing stakers, begin your burn now on the 420 Site, or read the Migration Guide.Why 420?Since its inception, Synthetix has been one of the most innovative staking protocols…

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…