Author: Yeek.io

Ethereum’s Estimated Leverage Ratio dropped by 15% in two days, showing reduced leverage in the Ethereum market.  375,000 ETH has also been withdrawn from derivative exchanges as speculative interest wanes. Ethereum [ETH] has had one of its most volatile weeks in history. After dropping to a five-month low of $2,160 earlier this week, the largest altcoin has since recovered to trade at $2,760 at press time. However, this rebound could be short-lived due to shifting dynamics in the derivatives market.  Ethereum’s Leverage Ratio plunges 15%  The liquidations in the ETH market earlier this week caused a significant drop in open…

The XRP Ledger (XRPL) experienced a network halt that lasted for just over an hour before successfully resuming operations, according to statements published by Ripple’s Chief Technology Officer, David Schwartz. The incident, which took place on February 4, saw the ledger freeze at block height 93927174 for 64 minutes before validators successfully rebooted it at 10:58 am UTC. XRP Ledger Halted For 1 Hour Blockchain explorers confirm that no new validations were published during the halt, raising immediate questions throughout the XRP community about the cause of the disruption. Moments after network activity resumed, Schwartz—also known as “JoelKatz”—took to X…

After a somewhat difficult start to the week, stablecoins, meme coins, and the crypto market in general saw a glimmer of light yesterday, with the introduction of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Introduced by US senator Bill Hagerty, the bill aims to establish a regulatory framework for stablecoins. If passed into legislation, Tether ($USDT), USD Coin ($USDC), and other stable coins with market caps above the $10B mark would need to adhere to US Federal Reserve regulations. Meanwhile, stablecoins with market caps below the $10B threshold would be regulated by the individual states. Hagerty…

Anime-inspired blockchain RPG Avarik Saga has officially expanded to the Ronin Network.Initially built on Arbitrum, the game will now leverage the advantages of Ronin’s low-fee, high-speed transactions whilst maintaining its presence on Arbitrum.This move is designed to improve the overall gaming experience for players, with faster transactions and more accessibility. Additionally, the integration offers new opportunities for content creators within the ecosystem, allowing them to engage with the game in new ways. Source: Avarik SagaWhat is Avarik Saga?Initially launched on the Arbitrum network, Avarik Saga is an anime-inspired blockchain role-playing game that revolves around 8,888 generative NFT personas, each representing…

The oil market has been in the spotlight over the past few days due to the US President Donald Trump’s tariff narrative. Over the weekend, Trump had announced that a 25% import tariff on goods from Canada and Mexico and a 10% import tariff on goods from China would go into effect on Tuesday. However, Trump suspended the tariffs against Canada and Mexico for a month after both countries agreed to take action to reduce drug trafficking across the US border. A reduced tariff rate of 10% was to apply to energy imports from Canada. “This is probably due to…

The XRP Ledger has fully resumed operations after an unexpected disruption in transaction validation caused the network to halt for about an hour on Feb. 5, 2025. RippleX confirmed that XRP Ledger has resumed activity though the exact cause of the disruption is still unclear. Ripple’s Chief Technology Officer, David Schwartz, acknowledged the issue in his post on X, stating that validators had stopped publishing confirmations despite the consensus mechanism functioning normally. His preliminary observations suggest that servers may have deliberately withheld validations to prevent incorrect ledger acceptance. The network is now recovering. We don’t know exactly what caused the…

The launch of MELANIA came alongside a sharp market-wide sell-off. MELANIA appeared to absorb altcoins’ liquidity, but the meme has been in a downtrend since then. The Official Melania Meme [MELANIA] was launched on the 19th of January, on the eve of Donald Trump’s Presidential Inauguration, a day after the launch of the Official Trump [TRUMP] memecoin. The launch of MELANIA came alongside high volatility for the rest of the market. Source: TOTAL3 on TradingView The altcoin market cap excluding Ethereum’s [ETH] was shown above. It had been within a range since late November, and broke below it during Monday’s…

US President Donald Trump-backed crypto project World Liberty Financial (WLFI) suddenly sent $307.4 million worth of digital assets to the Coinbase Prime exchange, according to on-chain data. Market intelligence firm Spot On Chain says World Liberty Financial moved $307.41 million in eight assets to top US crypto exchange Coinbase on Monday. The World Liberty Financial transfers to the platform include 73,783 Ethereum (ETH) worth $212.6 million at the time and 552.9 Wrapped Bitcoin (WBTC) worth $52.7 million at the time. Source: Spot On Chain/X While projects often move digital assets to exchanges when they intend to sell them, World Liberty…

Crypto continues to pave its way into the biggest industries in the world. In a first-of-its-kind move, Travala, which is a web3 platform and a travel website known for accepting crypto payments, has joined hands with Trivago. Over 2.2M Trivago properties now support bookings via crypto thanks to Travala’s integration. Customers will be able to choose from dozens of cryptocurrencies, including $BTC and $ETH. What’s more, Travala will also offer loyalty tokens (in $BTC or $AVA) to hotelgoers who use crypto for hotel bookings on Trivago. It’s also worth noting that Travala had previously launched a Bitcoin and AVA treasury…

XRPL’s explorer page showed a stall in network activity at block height 93,927,174. The blockchain’s self-custody Xaman Wallet later confirmed that operations were back to normal.Ripple’s Chief Technology Officer, David Schwartz, addressed the incident on X (formerly Twitter). He explained that validator operators manually selected a reliable starting point from the last fully validated ledger. However, it remains unclear whether this action directly fixed the issue or if the network self-recovered.Schwartz reassured users that no assets were lost. He noted that servers detected the malfunction and temporarily withheld validation. Only unverified ledgers were affected. RippleX also confirmed that user funds…