Zeek, a decentralized collaboration network, recently completed a seed funding round of USD 3M from investors like OKX Ventures, Animoca Brands, and Mask Network. They plan to revolutionize social collaboration in the SocialFi space using reputation mechanisms and NFT collections. However, upon closer inspection, there are several aspects of Zeek’s project that raise questions and
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In a recent development, the omnichain tokenization protocol Holograph has announced a technical partnership with web3 cybersecurity specialist Halborn. This collaboration aims to address a recent security incident where a malicious attacker was able to mint the native Holograph token, HLG. Halborn has been brought onboard to conduct regular audits and enhance the security of
The British pound remained stable ahead of the rate decision from the Bank of England (BoE) on Thursday. Investors were eagerly awaiting any guidance on the potential start of an easing cycle, although the BoE is expected to keep rates unchanged. Despite British inflation reaching its 2% target in May, underlying price pressures indicate that
SynFutures, a prominent DeFi derivatives protocol, has recently revealed its plans to broaden its reach to Base, Coinbase’s L2 network. This strategic move marks a significant milestone for SynFutures as it aims to provide users with unique trading opportunities and support vibrant community-driven projects. The expansion to Base underscores the protocol’s commitment to growth and
Recent data shows that despite a drop in mortgage rates, consumer response has been lackluster. Mortgage application volume increased only by 0.9% compared to the previous week, indicating a muted reaction from consumers. The average contract interest rate for 30-year fixed-rate mortgages decreased, but the refinance demand dropped by 0.4% for the week. However, it
With the recent surge in megacap tech stocks such as Nvidia, Broadcom, and Eli Lilly, there is growing concern among investors and analysts about the possibility of overvaluation. These companies have seen significant gains this year, far outpacing the overall market. Nvidia and Broadcom, known for their chips used in artificial intelligence, have experienced gains
As we approach the second half of the year, many investors are looking for opportunities to boost their portfolios. With the S & P 500 reaching record levels and significant gains seen in the first half of the year, it is essential to identify stocks that have the potential to continue outperforming the market. Analysts
In recent times, the box office has been missing a vital component – family films. Due to the pandemic, many family-centric movies either opted for streaming releases or were so scattered throughout the calendar that any momentum in ticket sales quickly fizzled out. However, in the past few months, a steady stream of family-friendly movies
The recent UK data has revealed that underlying price pressures remain strong, signaling that the Bank of England may delay cutting interest rates. In May, British inflation returned to its 2% target for the first time in nearly three years, and services prices saw a significant increase of 5.7%. This rise in prices has implications
The recent release of soft U.S. retail sales data has led to a mixed response in the currency markets. While the dollar initially weakened following the disappointing economic data, it managed to regain some ground as traders brace for potential Federal Reserve rate cuts. The dollar index steadied at 105.28, indicating some resilience in the