Author: Yeek.io

Cardano’s Funding Rates have dropped to -49%, marking the lowest level in over a year.  This dip showed a high demand for short positions as the bearish sentiment rose.  The cryptocurrency market recorded massive losses on the 3rd of February, with the total market capitalization dropping by 10% within 24 hours. Cardano [ADA] was among the biggest losers after falling by 24% to trade at $0.67 at press time.  The altcoin’s dip saw more than $31 million in ADA long positions being liquidated. This marked the second-highest level of long liquidations in one year.  As these positions were forcefully closed,…

The Securities and Exchange Commission (SEC) of Thailand looks set to introduce a distributed ledger technology (DLT)-based trading platform for securities firms. The initiative aims to leverage extensive investor networks to facilitate digital token transactions. In the process, Thailand’s SEC decision achieves several key breakthroughs for the local market, which could have an impact on the broader crypto economy: Regulatory Support for Digital Tokens Comprehensive Digitalization of Bond Trading Tokenized and Electronic Securities Categories Approved Digital Token Projects Thailand’s decision is, of course, limited to Thailand. And it notably doesn’t cross existing crypto regulations (which currently forbid crypto payments). But…

Este artículo también está disponible en español. Ethereum faced a brutal capitulation event on Sunday, plummeting over 30% in less than 24 hours as market-wide panic took hold. The dramatic sell-off was fueled by growing fears of a U.S. trade war, sending shockwaves across the crypto space and causing Bitcoin and major altcoins to drop significantly. ETH, which had been struggling to reclaim key levels, saw a sharp decline, shaking investor confidence and raising concerns about its long-term trend. Related Reading Top analyst Ali Martinez shared a technical analysis, revealing that Ethereum is forming a long-term head-and-shoulders pattern. According to…

Popular web3 digital horse racing platform ZED RUN will officially close on February 28.After several years of offering players the opportunity to race, breed, and trade digital horses using NFTs, the platform will hold its final event, the Sunset Stakes, to mark the end of its operations.This event, taking place from February 24 to February 26, 2025, will offer a $100,000 ZED token prize pool in an Open Class 1 tournament, giving players one last chance to compete before the platform transitions to its successor, ZED Champions. Source: ZED ChampionsWhat is Sunset Stakes?The Sunset Stakes will be the last major…

Homepage > News > Business > Alabama positions itself as ‘blockchain-friendly state’ Alabama has joined the race to become the United States blockchain hub, with lawmakers and industry advocates partnering to push enabling regulations for the sector. The charge is being led by the Alabama Blockchain Study Commission (ABSC), an advocacy group created by the State Senate last year. Chaired by pro-blockchain Senator Greg Albritton (R-Atmore), the commission recently met to discuss how it can foster blockchain adoption in the Yellowhammer state. According to one local outlet, the resolution was to position the state as the frontrunner in blockchain technology…

Este artículo también está disponible en español. As February began, crypto investors found themselves inside a turbulent market after the digital asset space went crashing down, leading to more than $2 billion in crypto liquidations and Bitcoin price plunged near the $90,000 mark.  Related Reading Analysts attributed the current turmoil in the cryptocurrency sector to the new tariffs imposed by President Donald Trump on Canada, Mexico, and China, raising questions on what would be the long-term impact of the tariffs on digital currencies. $2 Billion In Crypto Liquidations Trump said in a statement that the US is eyeing to implement…

Ethereum ($ETH)Ethereum is not leaving the field of view of investors. So far, Ethereum hasn’t gone into a complete breakout, and when it will, it is expected to start setting new highs. Currently trading at around $3,200, analysts suggest it could balloon as high as $10,000 in coming months. This would be an over 3x increase from present levels.One key indicator is institutional buying. World Liberty Financial (WLFI) has been purchasing large amounts of $ETH. In just two days, WLFI bought $20 million worth of Ethereum, even while holding an unrealized loss of nearly $16 million. This kind of accumulation…

Ethereum price crashed to a key support level on Monday, increasing the risk of further downside after invalidating a crucial bullish chart pattern. Ethereum (ETH) dropped to a low of $2,146, its lowest level since August last year. It has declined by approximately 40% from its December high. Ethereum price invalidates inverse H&S pattern The weekly chart shows that Ethereum has formed two distinct patterns in recent months. First, it developed a triple-top formation around the $4,000 level, struggling to break above that point since March last year. A triple-top is a well-known bearish signal, often leading to further losses…

Quick take: The fundraising also attracted participation from Karatage, Amber, and Bitscale. The fundraising brings the total raised to $15 million GOAT said in a press release shared with NFTgators. The fundraising comes ahead of the upcoming launch of the game’s $GG token on February 6, which will be distributed to the early supporters of the GOAT gaming AI agent. GOAT Gaming has raised $4 million in a strategic funding round backed by TON Ventures, Karatage, Amber, and Bitscale participating. The fundraising brings the total raised to $15 million, GOAT told NFTgators in a press release on Monday. According to…

Homepage > News > Business > BTC maxi meltdown as Trump pushes for digital asset stockpile BTC maximalists took to social media this past week to whine about the Trump Executive Order exploring the creation of a digital assets stockpile. Leaving aside for a moment that there’s no good reason for a government to create a stockpile of essentially worthless digital assets, BTC maximalists bemoaned that the long-awaited reserve would seemingly include coins other than their beloved BTC. While some, like MicroStrategy’s (NASDAQ: MSTR) Michael Saylor, seemed to embrace the idea, saying, “The Crypto Renaissance has officially begun,” on X.com,…