Author: Yeek.io

Data shows the Dogecoin Open Interest has seen a large drop recently. Here’s how the trend has compared for Shiba Inu and other memecoins. Dogecoin Has Witnessed A Decline In Open Interest Recently In a new post on X, the analytics firm Glassnode has discussed about the latest trend in the Open Interest for the various memecoins in the cryptocurrency sector. The “Open Interest” here refers to an indicator that keeps track of the total amount of positions related to a given asset currently open on all derivatives exchanges. First, here is a chart that shows the trend in the…

The Ethereum Foundation is hiring a social media manager, a move that follows growing community criticism regarding its perceived disconnect from Ethereum’s user base. The full-time, remote role will focus on managing the foundation’s social media presence across platforms like X, Facebook, and LinkedIn. The new hire will be responsible for amplifying Ethereum ecosystem updates and organizing campaigns to engage contributors. Josh Stark, a long-time Ethereum Foundation member, announced the job opening on X on Feb. 20,, signaling an effort to address community concerns. “We’re putting together a team. Come be part of it, as a social media manager at…

Oversaturation of Tokens: Fragmented Volume in the Crypto Market The number of new tokens on the crypto market is skyrocketing, already totaling over 37 million. Significant market fragmentation results from the daily introduction of new coins into the ecosystem. Due to investor interest and liquidity being dispersed throughout an expanding pool of assets, this overstock has caused trading volumes to become diluted. Spreading trade volume across several tokens reduces liquidity for individual coins. Low liquidity makes it harder for traders to carry out significant transactions without affecting prices, which frequently results in increased price volatility. Institutional and ordinary investors may…

Kava has introduced a major update to Kava AI, incorporating a decentralized version of the DeepSeek model to streamline blockchain transactions. The update aims to remove complexities in cross-chain finance, allowing users to execute crypto operations through simple prompts instead of navigating multiple apps and wallets, according to a note shared with crypto.news. Kava AI is designed to facilitate on-chain transactions by processing user requests in natural language.  Instead of manually bridging assets or swapping tokens, users can issue commands like “Move my tokens to another chain” or “Swap for a stablecoin,” and Kava AI executes the transactions. The system…

Pi Network (PI) has set a record with the largest and most valuable crypto airdrop following its mainnet launch and exchange listings. Pi Network has broken the record of Uniswap’s previous achievement.  A report from Bitget reveals that the Uniswap airdrop was valued at $6.43 billion in 2020. Pi Network has now doubled that, reaching $12.6 billion. It has set a new record with 6.3 billion PI tokens in circulation and an initial price of about $2. Traditional airdrops reward early users, but Pi Network’s airdrop focuses on mass participation. Since 2019, millions of people have mined PI on their phones,…

Quick take: The funding was structured as a simple investment for future equity (SAFE) with token warrants and closed at a token valuation of $90 million. Acre allows users to deposit bitcoin in exchange for staking rewards paid out in stBTC. The company claims to have collected over $100 million in BTC deposits since launching its mainnet last July. Acre, a new liquidity layer for bitcoin scaling has raised $4 million in a token round backed by Draper Dragon, Big Brain Holdings and Orange DAO. The fundraising also attracted angel participation from notable Web3 companies including Lido, EigenLayer, Wormhole, Thesis…

Open Interest surge and Coinbase listing boosted TAO’s momentum and investor confidence. Social Volume and liquidations showed strong market support for continued upward movement. After breaking out from its descending wedge channel, Bittensor [TAO] has caught the attention of traders and analysts alike, as it continues to show impressive upward movement. At press time, the token was trading at $450.87, reflecting an 18.92% price increase in just one day. As TAO tests key resistance levels, the market eagerly awaits whether it can maintain this upward momentum or face a period of consolidation. Open Interest rise: What does it mean? Open…

Ripple and Brazilian financial heavyweight Braza Group have announced the launch of a new stablecoin on the XRP Ledger (XRPL). The stablecoin, called BBRL, is pegged to the Brazilian Real and is designed to offer secure, cost-effective solutions for both individuals and businesses. Ripple Expands In Brazil Founded over 15 years ago, Braza Group has steadily climbed the ranks in the Brazilian banking scene, currently holding the sixth position in the interbank market operations monitored by the Central Bank of Brazil (BACEN). In the official press release by Ripple, Braza Group emphasized that BBRL will harness the speed, security, and…

Este artículo también está disponible en español. Blockchain analytics platform Nansen announced the launch of its Bitcoin (BTC) on-chain analytics to bring real-time, detailed insights into the flagship cryptocurrency, enabling users to track key on-chain metrics in the platform. Related Reading Nansen Brings Real-Time On-Chain Analytics For Bitcoin On Thursday, Nansen introduced its Bitcoin Growth Dashboard to provide a detailed view of the flagship crypto’s market movements and address the lack of user-friendly tracking tools for in-depth analysis in the market. The analytics platform noted that examining Bitcoin’s network at the same level as other blockchains has been difficult since…

Castle of Blackwater, a new 2D multiplayer social deduction game, is set to make its debut during Steam Next Fest, running from February 24 to March 3.The game will be available as a limited-time demo, offering players their first opportunity to experience its faction-based gameplay, character abilities, and deception-driven mechanics.With a setting inspired by medieval intrigue, Castle of Blackwater challenges players to outwit, deceive, and strategise their way to victory. Source: Castle of BlackwaterWhat is Castle of Blackwater?Castle of Blackwater is a multiplayer deception game with a play & earn twist. Players take on roles within a shadowy medieval castle…