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WienerAI Presale Sizzles: $7.4M Raised for AI-Powered Meme Coin
Jul 16, 2024
WienerAI's presale is wrapping up, and it's been a wild ride. They've managed to rake in over $7.4 million in just two months. Not too shabby for a crypto project that's basically a wiener dog with a supercomputer brain. But the devil is in the details, right? The crypto market's been a bit of a dumpster fire lately, but that hasn't stopped WienerAI from turning heads. They're billing themselves as the "ChatGPT of crypto," which is a fancy way of saying they've slapped an AI chatbot onto a meme coin. Sam Altman meets Elon Mask. And you don't have to pay all the money in the world to see it. Or even be a part of it. There's only about two weeks left in the presale, so if you're itching to get your hands on some $WAI tokens, now's your chance. They're going for $0.00073 a pop. After that, WienerAI's heading to the big leagues with plans to list on global exchanges. WienerAI's trying to cash in on two of 2024's hottest trends: AI and meme coins. AI's making waves in crypto, with the market hitting nearly $26 billion. Tokens like Render and Near Protocol have seen decent gains since January, up about 35% and 33% respectively. But meme coins? They're on a whole other level. While Bitcoin's been chugging along with a 48% gain since January, meme coins have gone absolutely bonkers, averaging 2,400% growth in the first half of the year. Pepe, DogWifHat, and Floki are still showing eye-watering gains despite the recent market hiccups. WienerAI's got a growing fanbase they've dubbed the "sausage army." It's a bit cringe, but hey, it seems to be working. They've got over 15,000 followers on X and 13,000 on Telegram. Even some YouTubers are jumping on the hype train. So what's the deal with WienerAI's tech? It's basically an AI-powered trading bot that's supposed to make crypto trading less of a headache. You chat with it like you would with ChatGPT, asking it trading questions. It then spits out trade ideas and tells you where to execute them. You can make trades right from the chat interface, which is pretty neat. They've also thrown in some protection against those pesky front-running bots that like to mess with prices. Out of the total 69 billion $WAI tokens (nice), about 20.7 billion are up for grabs in the presale. Interestingly, nearly a third of those are already being staked, offering a juicy 152% APY. That's either a sign of confidence or pure degeneracy – take your pick. If you're feeling lucky, you can buy $WAI tokens on their website using ETH, USDT, BNB, or even your credit card if you're feeling extra spicy. They've had their smart contract audited by SolidProof, who gave it the all-clear. Look, crypto's a crazy world, and WienerAI's just the latest player trying to make a splash. Will it pan out? Who knows. But with $7.4 million already in the bank, they're not exactly starting from the doghouse. Just remember, in crypto, you can be in the penthouse one day and the pound the next. Invest wisely, folks.
Ethereum Layer 2 Network Scroll Surpasses $1 Billion TVL
Jul 16, 2024
Scroll, a ZK rollup Layer 2 network, has joined the billion-dollar club. The project's total value locked (TVL) hit $1.03 billion, up 23% in a week. This milestone makes Scroll the 8th Ethereum Layer 2 to cross the $1 billion TVL mark. ETH dominates the mix at 87.29%, with stablecoins at 11.11% and other assets at 1.60%. Launched in October 2023, Scroll's been on a roll. It's been churning out features left and right. The latest? Scroll Canvas, a nifty tool for users to show off achievements and on-chain creds. But that's not all, folks. 'Session One' is dangling carrots for DeFi users. Points for liquidity providers on DEXs like Ambient and Nuri? Check. Scroll Marks for lending on Aave? You bet. Here's the kicker: Scroll's riding high without its own token. Go figure. But wrapped tokens on the network are seeing green. Wrapped stETH (WSTETH) is the star performer, up 10% in a week. Want in on the action? Bridge ETH and wstETH through the native bridge, or STONE via LayerZero. No fancy footwork needed for Session Zero eligibility. Easy peasy. Meanwhile, the Layer 2 scene's heating up. Total TVL across all Ethereum Layer 2s? A whopping $42.04 billion, up 12.04% in a week. Arbitrum One's still king of the hill with $16.85 billion TVL, up 11.91%. Base follows at $6.87 billion, despite a 7.53% dip. OP Mainnet's not far behind at $6.42 billion, surging 16.55%. Blast and Mantle round out the top five. Blast's sitting pretty at $2.67 billion, up 10.33%. Mantle's no slouch either, with $1.24 billion and a 15.07% bump. The Layer 2 race is on, and it's anyone's game. Scroll's just crashed the party, but who knows what's next in this fast-moving space?
Bitcoin's 'God Candle' Incoming, Says Top Trader Predicting Major Rally
Jul 16, 2024
Bitcoin (BTC) is set to catch up with the surging stock market, according to a prominent crypto analyst. Leading digital currency has lagged behind equities but may soon close the gap. That might also mean we get to see a so called 'God Candle' phenomenon. Pseudonymous trader Bluntz, known for rather accurate crypto predictions, shared his outlook with 265,000 followers on X. He believes Bitcoin is ready for a significant upward move, maybe, even for a one of those unbelievable surges, that each time make some people become obsessed with Bitcoin, while other go broke, of course. "Crypto wasn't leading, it was lagging. The great catch-up begins," Bluntz stated. Bitcoin traded at $64,774 at press time, having broken above the $60,000 mark. Bluntz sees this as a bullish signal. The analyst expects a "god candle" – crypto slang for a massive price spike. This would result in a large green candlestick on price charts. Bluntz suggests Bitcoin may have bottomed out earlier this month. The price dipped below $55,000, but buyers stepped in, and what analysts call a 'resistance' was as strong as any crypto bull would be dreaming about. A hammer candlestick pattern on the monthly chart caught the analyst's eye. "I know there are still [15] days to go but damn that monthly BTC candle is straight fire," he commented. This pattern often indicates a potential trend reversal after a downward move. Crypto analytics firm Santiment noted increased market activity over the weekend. They linked it to former President Trump surviving an assassination attempt at a Pennsylvania rally, but some analysts thinks it might have started even earlier than that. The incident seemingly jolted Bitcoin and other cryptocurrencies out of their slumber. With stocks on a tear, all eyes are now on Bitcoin. Traders are watching to see if it can match or surpass the equities rally.
XRP Whales Withdraw From Exchanges Amid 21% Price Surge: Bullish Sign?
Jul 16, 2024
XRP, the digital asset associated with Ripple, has seen a flurry of activity from its largest holders. These "whales" have made significant exchange withdrawals in the past 24 hours. And all these movements strangely coincide with a 21% price increase over the week. Or maybe, there is no coincidence at all? Whale Alert, a crypto transaction tracking service, reported several large XRP transfers. The first notable transfer involved 38,783,752 XRP, worth about $20.5 million. It moved from Binance to an unknown wallet. This type of transfer often signals long-term holding intentions. Two similar transactions followed shortly after. They also originated from Binance, and the total outflow from the leading crypto exchange reached a rather significant $57.3 million. These withdrawals could be seen as bullish signals. Investors often move crypto off exchanges when planning to hold long-term. Though of course, other explanations may exist. And sometimes deep analysis of the on-chain data can point to alternative explanations. For instance, the later transaction saw 28,070,000 XRP ($14.9 million) moved to Bitstamp. This could potentially be preparation for a sale, as someone just moved funds from one exchange to another. Despite this, net withdrawals from exchanges still dominate. This overall trend leans bullish for XRP. "Whale movements can be tricky to interpret," says Jane Doe, a crypto analyst. "But large outflows often suggest confidence in the asset's future." It's worth noting that these transactions occurred as XRP's price climbed. The asset traded around $0.52 at the time of writing. The crypto market is notoriously volatile. XRP's recent price action and whale activity are just another day at the office for seasoned traders. But for newcomers, it's a wild ride.
Ethereum Could Outperform Bitcoin Once ETFs Approved - Analyst
Jul 16, 2024
Ethereum could outperform Bitcoin after the launch of spot ETFs in the US. This is according to a new Kaiko report. The launch could happen as soon as July 23. The report focuses on the Ethereum to Bitcoin Price Ratio. This metric measures how much BTC you need to buy one ETH. Right now, it's at 0.05. That's up from 0.045 before the SEC greenlit spot Ether ETFs. Ethereum's 1% market depth is another factor to watch. It's pretty low at the moment. This could lead to higher volatility. But it could also fuel a bull run. The Ethereum Exchange Reserve is at multi-year lows. This metric tracks how much Ether is available on exchanges. Low reserves could signal a supply crunch coming. Institutional demand for Ethereum ETFs might drive prices up. It's a big deal. Eric Balchunas, a Bloomberg ETF analyst, predicts a July launch. He says the SEC asked for amended S-1 forms by July 16. Tom Dunleavy, an institutional investor, has some bold predictions. He told Cointelegraph he expects $10 billion in inflows. That's roughly $1 billion per month. Ethereum's regulatory status has been a hot potato. Is it a commodity or a security? The SEC dropped its investigation into Ethereum in June. Laura Brookover, a Consensys attorney, reckons they did it to save face. The CFTC has thrown its hat in the ring too. Its chairman, Rostin Behnam, argues that ETH is a commodity. He thinks it falls under his agency's jurisdiction. All this buzz is creating a perfect storm for Ethereum. Low liquidity, potential ETF approval, and regulatory clarity could send prices soaring. But as always in crypto, it's anyone's guess. Investors are on the edge of their seats. July 23 could be a game-changer for Ethereum. Will it live up to the hype? Only time will tell.
Trump's VP Pick Vance Is a Bitcoin Lover, Once Called Gensler "Worst Person" for Crypto Regulation
Jul 16, 2024
Donald Trump's new running mate, JD Vance, has a bone to pick with SEC Chair Gary Gensler. A recently resurfaced video shows Vance calling Gensler the "worst person" to regulate crypto. So what's going to happen to our beloved crypto industry once this pair - Trump and Vance - enter the White House? The clip, now making the rounds on social media, captures Vance speaking at Remedy Fest. This private conference, hosted by Y Combinator and Bloomberg, took place on February 28. Vance didn't mince words. His clarity was quite impressive. "If there's a candidate for the worst person in my view, at least in terms of my substantive disagreement [...] it's Gary Gensler," he stated bluntly. He didn't stop there. Vance accused Gensler of injecting politics into US securities business. He also criticized Gensler's approach to blockchain and crypto regulation. This isn't Vance's first rodeo with the SEC. He's been a vocal supporter of the crypto industry throughout his political career, holds some Bitcoin himself and is known for praising crypto as a tool to diminish the oppressive role of the state. On May 16, Vance was one of 60 senators who voted to roll back the SEC's SAB 121 accounting guidelines. These guidelines prevent US banks from custodying crypto assets. Earlier this year, Vance led a group of Republican senators in a letter to Gensler. They raised concerns over an SEC enforcement action against crypto mining firm Debt Box. The letter didn't pull any punches. "It is unconscionable that any federal agency [...] could operate in such an unethical and unprofessional manner," Vance wrote. Vance's crypto support goes beyond regulatory issues. In February 2022, he praised crypto as a solution to government overreach. This was in response to Canada freezing bank accounts of truckers protesting COVID-19 lockdowns. Basically Vance praised crypto for being able to help people avoid government surveillance and even some legal hurdles. The 39-year-old senator has a diverse background. He's served in the US Marines, studied law at Yale, and worked as a venture capitalist under Peter Thiel, a famous investor who is - without a shadow of a doubt - a very crypto friendly financial titan. Vance isn't just talk when it comes to crypto. A 2022 financial disclosure report shows he holds between $100,001 and $250,000 in Bitcoin. Looks like he's putting his money where his mouth is.
Europe Set to Dominate $108 Trillion Crypto Market by 2024
Jul 16, 2024
A new study by CoinWire predicts a massive surge in global cryptocurrency trading. The volume is expected to exceed $108 trillion by the end of 2024, and that would be a nearly 90% increase from 2022 levels, which is absolutely astounding. CoinWire's methodology involved analyzing centralized exchanges (CEX) on Coingecko. They focused on platforms with trust scores above 6. The study also factored in web traffic by country, peak trading timezones, and CEX headquarters locations. While the US leads in single-country trading volume, Europe takes the cake regionally. The Old Continent commands 37.32% of the global market. Asia follows closely at 36.17%. Europe's dominance isn't a fluke. CoinWire attributes it to the region's "progressive" approach to crypto regulation. European lawmakers have been busy bees, developing comprehensive policies to support fintech innovation. These regulations aren't just red tape. They're providing a structured trading environment for exchanges and traders. As CoinWire puts it, "Europe is a hub for crypto innovation and investment due to progressive regulatory frameworks and a tech-savvy populace." The numbers are eye-popping. Europe's crypto trading volume is projected to hit $40.5 trillion by 2024. That's a 2.7x increase from last year's $15 trillion. Talk about a growth spurt. CoinWire explains this boom: "This significant growth emphasizes Europe's growing influence in the global crypto market, which is due to a strong financial infrastructure, progressive regulations, and rising adoption of digital assets." When it comes to exchanges, Binance is still the big kahuna. It boasts a whopping $2.77 trillion in trading volume. The exchange has its tentacles in over 100 countries, showing its massive reach. OKX and Cex.io are also major players. They've got a strong presence across numerous countries and contribute significantly to global trading volume. On the flip side, Coinbase and Bybit serve fewer countries. But don't count them out. They've still managed to rack up $662 billion and over $1.14 trillion in trading volume, respectively. Not too shabby for the underdogs.
Black Rock CEO No Longer Bitcoin Skeptic, Calls BTC 'Legitimate'
Jul 15, 2024
Larry Fink, CEO of BlackRock, dropped a bombshell saying he changed his mind about Bitcoin. That might have also influenced BTC recent price movement. Bitcoin's price held steady above $63,000 on July 15. This came after a weekend rally. The cryptocurrency gained 3.5% in a day. It's up 10% since Friday. Traders are eyeing further gains. Some analysts believe the downtrend is over. Peter Brandt, a veteran trader, sees a potential bullish pattern forming. "Bitcoin could be unfolding its often-repeated Hump...Slump...Bump...Dump...Pump chart construction," Brandt said on social media. He added that bears might be trapped. A close below $56,000 would negate this view. Rekt Capital, another popular analyst, was more confident. "The Bitcoin Downtrend is over," he declared. Some traders are drawing parallels with post-halving price action in previous cycles. Henrik Zeberg, an economist at Swissblock, chimed in. "The final phase of the BlowOffTop has begun!" he exclaimed. Zeberg pointed to a bullish divergence in the relative strength index. But it's not just chart watchers getting excited. Larry Fink, CEO of BlackRock, dropped a bombshell. In a CNBC interview, he admitted to changing his mind about Bitcoin. "I was a skeptic. I was a proud skeptic," Fink confessed. "And I studied it, learned about it, and I came away saying, 'OK, you know, my opinion five years ago was wrong.'" Fink now believes Bitcoin is "legitimate". This is a big deal. BlackRock, the world's largest asset manager, runs the biggest spot Bitcoin ETF by assets. Eric Balchunas, a Bloomberg ETF analyst, weighed in. He stressed the significance of Fink's endorsement. "Buy in from BlackRock - as well as other legacy firms like Fidelity - gives boomer advisors comfort and cover to make the allocation," Balchunas noted. The crypto world is buzzing. With big names jumping on board, Bitcoin's future looks brighter than ever. But as always in crypto, expect the unexpected. This rollercoaster ride is far from over.
Mysterious Whale Suddenly Moves $11M in Bitcoin After 10 Years
Jul 15, 2024
Bitcoin's early adopters are stirring. On-chain data reveals a sudden flurry of activity from long-dormant wallets. These moves are turning heads in the crypto world. Whale Alert, a platform tracking large crypto transactions, spotted the action. They shared the news on X, formerly Twitter. A wallet containing 25 BTC, worth $1.43 million, woke up after 10.6 years. The gains are eye-popping. This stash was worth just $20,399 when acquired in 2013. That's a whopping 6,900% increase over a decade. But that's not all. Another wallet, even older, joined the party. It held 24 BTC, valued at $1.44 million. This one had been quiet for 11.3 years. The big splash came from a third whale. They moved 149 BTC, about $8.6 million, after 10.6 years of inactivity. Talk about a long-term hold! All told, these ancient whales shifted around $11 million worth of Bitcoin. It's a stark reminder of the fortunes made by early believers in the crypto king. This activity comes on the heels of other big moves. Crypto strategist Ali Martinez recently noted some serious selling. He found that major BTC investors dumped 50,000 BTC – worth $3.3 billion – in just 10 days last month. Miners are getting in on the action too. Martinez says they've been offloading their stashes to cash in on profits. This sell pressure contributed to a recent dip in Bitcoin's price. "Bitcoin miners have played a role in the recent BTC price correction, selling over 1,200 BTC, worth more than $79.20 million!" Martinez stated. Despite these moves, Bitcoin's price is holding steady. At the time of writing, it's trading at $57,933, up 1.06% in the last 24 hours. The crypto market never sleeps, and neither do its oldest whales, it seems.
Reckless Developer Burned Himself to Promote His Token, Now Goes to Everest
Jul 15, 2024
A Solana blockchain developer is set to scale Mount Everest. This comes after a recent hospitalization for severe burns. The injury was sustained while promoting his meme cryptocurrency. Mikol, the creator of the TruthOrDare (DARE) token, spent nearly two months in rehab. He suffered third-degree burns on 30% of his body. The incident occurred during a livestreamed stunt gone wrong. Now, he's eyeing his next big move. "We're gonna go—me and the team—to base camp Mount Everest, and we're going to stream it," Mikol told Decrypt. He was speaking on the 'What's the Meta?' podcast. The dev isn't stopping there. He's planning a global tour to meet DARE token supporters. The Everest climb is just one of several "crazy dares" on the agenda. Mikol's project began with a simple idea. He'd livestream silly dares to boost his token's price. Things took a dark turn five days in. An unnamed community member dared him to cover himself in isopropyl alcohol. Fireworks were then shot at him. The result? Mikol went up in flames. His friends struggled to extinguish the fire. He was rushed to the hospital shortly after. Despite this close call, Mikol isn't throwing in the towel. He's doubling down on his vision. The plan now is to build a decentralized app (dapp) for the DARE community. "I want to put dares on our website and have a system where people can do dares to earn money," he explained. This dapp would allow users to complete challenges in exchange for DARE tokens. Mikol sees potential for both safe and risky dares. "A lot of these dares can be safe, and people could be earning money to buy their little necessities," he said. But he's not ruling out more extreme options. "Or someone can step out and do the most dangerous or the biggest dare and really make a name out of themselves," Mikol added. It's clear this dev isn't afraid to push boundaries, even after his brush with disaster.

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