Author: Yeek.io

What is RedStone Oracles, and why does it matter in a rapidly evolving crypto ecosystem? RedStone is a modular oracle network delivering critical data to various EVM and non-EVM chains. As decentralized finance grows, reliable off-chain data is essential for everything from lending protocols to sophisticated derivatives.RedStone Network focuses on scalability and flexibility, enabling cross-chain DeFi while ensuring developers have the precise information they need—on any network. In this article, we delve into the fundamental features of RedStone, its approach to addressing the “oracle problem,” and the contributions of the recently launched RED token.What is RedStone? RedStone is a cutting-edge Oracle…

Homepage > News > Business > Saudi Arabia’s Web3 alliance; Dubai warns against memecoins Saudi Arabia has launched a new Web3 alliance designed to improve the pace of digitization in the Gulf nation, drawing participants from a pool of global and local ecosystem players with streaks of government support. According to a press release report, the new association will support the Saudi government’s existing efforts to improve adoption levels for blockchain technology and Web3 solutions. Dubbed the Web3 Alliance of Saudi Arabia (WASA), the body has its sights set on moving tech adoption in the country, targeting enterprise and individual…

Hyperliquid, the decentralized perpetual futures trading platform, has overtaken Solana in weekly fees just a few months after its launch. According to DefiLlama’s Feb.28 data, Hyperliquid (HYPE) made $12.61 million in fees over the last week, more than Solana’s (SOL) $11.8 million. This was the case even though Solana’s $7.1 billion total value locked is ten times greater than Hyperliquid’s $669 million TVL. Hyperliquid’s TVL has increased by 294% since December and by 55% since January. Hyperliquid’s decentralized finance-native trading features are responsible for its success. The platform provides traders with a fully on-chain order book, zero gas fees, and…

Bitcoin lost $6,000 in a few hours, plunging below $83K during a severe sell-off. Ethereum crashed by nearly 15%, driven by massive liquidations and trade war concerns. President Donald Trump’s victory initially fueled strong bullish momentum in the crypto market. However, the landscape has since shifted, with unprecedented volatility gripping digital assets. Major cryptocurrencies like Bitcoin [BTC] and Ethereum [ETH] have experienced extreme price swings. The frequency of flash crashes has surged, wiping out billions in market value. Since January, these rapid declines have become more frequent, raising concerns among investors. With Trump’s new tariff threat on the EU, the…

Este artículo también está disponible en español. Ethereum price started a fresh decline from the $2,350 resistance zone. ETH is now consolidating losses and might extend losses toward the $2,000 support. Ethereum is facing an increase in selling below the $2,350 zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent recovery wave if it settles above $2,250 and $2,350. Ethereum Price Dips Further Ethereum price failed to clear…

Este artículo también está disponible en español. The Dogecoin price is down more than -57% from its December 8 high at $0.4843, but a bottom could be near. In a technical analysis shared on X, Rose Premium Signals (@VipRoseTr) highlights a potentially bullish setup for Dogecoin (DOGE), fueled by a classic “Cup & Handle” pattern. Dogecoin Cup And Handle Could Emerge According to the chart, the DOGE price could face a last leg down before it will find its low near the $0.16896 support zone. This level marks the base of a possible Cup & Handle pattern—a formation characterized by…

The meme coin market has been experiencing significant short-term volatility, leaving investors searching for assets that can withstand the turbulence. At the time of writing, the total meme coin market capitalization stands at $62.8 billion, reflecting a 0.9% decline in the past 24 hours. While the overall market faces headwinds, some meme coins have demonstrated resilience and are still attracting significant investor attention. Whether due to strong community backing, unique use cases, or innovative tokenomics, these projects have outperformed in the short term and could offer further growth potential.Let’s take a look at four of the hottest meme coins that are…

A subsidiary of one of Europe’s largest telecommunications companies, Deutsche Telekom, has become a validator for layer-1 blockchain Injective. Deutsche Telekom MMS, a subsidiary that provides consulting and software development services, will validate transactions and participate in onchain governance, according to the Feb. 27 blog post from Injective. Eric Chen, CEO of Injective, said the blockchain is “thrilled to have one of the world’s leading telecommunications companies” coming on board as a validator. “This is yet another example of Web3 becoming more and more institutional and fully integrated into a society that understands that a decentralized blockchain offers reliability and security, the importance…

Journalist Posted: February 28, 2025 DOGE has broken below key support with no clear demand zone in sight.  Will bulls step up, or is a deeper correction imminent? Dogecoin [DOGE] has plunged below a key support level on the 1D chart, after a 50% decline from its Q4 peak, with $0.20 now emerging as the third crucial floor this year. Meanwhile, meme-sector valuations have plunged $15 billion in a week, with DOGE alone shedding $8 billion. DOGE’s ability to hold this level faces a serious test.  To begin with: Slowing network growth  DOGE’s network is rapidly contracting, with new address…

Hackers gained access to the memecoin platform Pump.fun’s X account on Feb. 26, raising questions about security at a crucial time for memecoins and the crypto industry as a whole.The platform has since regained control over its X account. Pump.fun said that it’s unlikely any of its staff are at fault as it followed “industry best-practices, and focused on minimizing the risk of such an event occurring.”According to blockchain sleuths like ZachXBT, the attack on the platform may have been perpetrated by the same hackers responsible for other similar exploits. While the Pump.fun incident came to a quick close with next…