Author: Yeek.io

Sam Bankman-Fried’s family is actively exploring avenues for a presidential pardon as the FTX founder serves a 25-year sentence for fraud. His parents, both legal scholars, have engaged with lawyers and individuals linked to Donald Trump’s inner circle, aiming to secure leniency, as per a Bloomberg report. The president’s history of controversial pardons, including that of Silk Road founder Ross Ulbricht, has fuelled speculation that Bankman-Fried could be next in line for clemency. While the FTX founder continues to appeal his conviction, his defence hinges on claims that customer losses were largely mitigated. His legal team argues that the sentencing…

Bitcoin exchange-traded funds in the U.S. recorded a significant jump in inflows, while Ether ETFs showed signs of recovery after three days of weak flows. According to data from SoSoValue, the 12 spot Bitcoin ETFs drew in $588.22 million in inflows on Jan. 30 nearly a 540% jump from the inflows recorded the previous day. BlackRock’s IBIT took the lead once again as the fund attracted $321.5 million in inflows from investors. Fidelity’s FBTC followed with an inflow of $209.14 million while Bitwise’s BITB and ARK 21Shares’ ARKB saw an inflow of $22.98 million and $12.64 million. Notably, none of…

Errol Musk and Nathan Browne intend to raise between $150 million and $200 million from the meme coin Musk It for a for-profit scientific institute Errol Musk, father of Elon Musk, and his business partner Nathan Browne recently told Fortune that he plans to raise between $150 million and $200 million from a new token project Musk It (MUSK). The funds will go to the Musk Institute, a for-profit think tank Errol is founding to advance his scientific pursuits, including the development of flying vehicles. To be clear, Errol Musk and Browne are not the creators of the Musk It…

The cup-and-handle pattern signaled a bullish breakout as RAY tested the crucial $8 resistance. Market indicators showed strong momentum, but RAY must hold key levels to sustain the uptrend. Raydium [RAY] has recorded an impressive 15% surge in the last 24 hours, pushing its price to $7.50, at press time. This bullish momentum follows a cup-and-handle pattern, signaling a potential breakout. However, the $8 resistance level remains a key barrier that must be broken for further gains. Therefore, traders closely monitor whether RAY can sustain this uptrend or face a rejection. RAY’s price action shows a bullish breakout setup RAY…

Bitcoin (BTC) has once again experienced a highly volatile week, dropping to a weekly low of $97,700 on Monday before quickly recovering and surging above $105K in less than three days. The sudden rebound has reignited optimism among investors, with many now anticipating a continuation of the bullish trend. Adding to the positive sentiment, the Federal Reserve’s latest meeting provided an optimistic outlook on the U.S. economy, further boosting confidence in risk assets like Bitcoin. With growing institutional demand and strong technical recovery, BTC looks well-positioned to test all-time highs once again. Recent data from Glassnode also highlights an important…

Este artículo también está disponible en español. SUI has jumped 14% in the last 24 hours amid the market recovery. The token is attempting to recover a key support level, which could set the stage for a retest of its latest all-time high (ATH). Following its recovery, an expert at VanEck has forecasted a 300% surge in SUI’s price this year. Related Reading SUI Retests Key Support Level The crypto market is moving toward a green end-of-week after a bloody Monday. The correction saw Bitcoin lose the $100,000 zone, and most cryptocurrencies significantly retrace from their January highs. Amid the…

Top NFT Collections (Last 24h) Here are the hottest NFT Collections of the day. Rank Name Volume Transactions Chains URL 1 Pudgy Penguins 759.90 ETH 67 ethereum View 2 Azuki 435.61 ETH 116 ethereum View 3 Lil Pudgys 356.78 ETH 306 ethereum View 4 Bored Ape Yacht Club 216.93 ETH 16 ethereum View 5 Milady Maker 189.08 ETH 38 ethereum View 6 CryptoPunks 128.49 ETH 3 ethereum View 7 Bit Bears by Berachain 122.02 ETH 18 ethereum View 8 Azuki Elementals 120.95 ETH 324 ethereum View 9 The Band Bears 91.17 ETH 8 ethereum View 10 Doodles 81.10 ETH 18…

Bitwise Asset Management’s exchange-traded product tracking Bitcoin and Ethereum has received the initial nod from the United States Securities and Exchange Commission. According to a Jan. 30 update from the commission, the Bitwise Bitcoin and Ethereum ETF cleared its first regulatory hurdle after its 19b-4 filing was granted “accelerated approval.” It now awaits the regulator’s decision on its S-1 registration, the final step before trading can commence. A 19b-4 approval allows an exchange to list and trade a new financial product, while an S-1 registration is required for issuing new securities to the public. Bitwise filed for the ETF in…

A $71 billion hedge fund warns that Trump’s support for crypto is fueling mania that could eventually end in market turmoil. Crypto is booming, but not everyone is cheering. A $70 billion hedge fund says President Donald Trump‘s support for cryptocurrencies could end in disaster. Elliott Management warns that crypto is at the center of a speculative frenzy, adding that prices have soared with “no substance” and that politicians backing crypto are playing a dangerous game. Per a Financial Times report on Jan. 30, the hedge fund warned in an investor letter that Trump’s actions endanger the crypto market as…

The Bank Board of the Czech National Bank (CNB) has approved a proposal to evaluate investing in new asset classes, including Bitcoin, as part of its international reserve management strategy. The decision came during a meeting today where the board reviewed a report on its international reserve management for 2024.JUST IN: 🇨🇿 Czech National Bank approves proposal to assess investing in additional asset classes, such as Bitcoin.Yesterday, Czech's National Bank Governor said it's "worth considering" investing in Bitcoin. pic.twitter.com/Y2QnddNMCG— Bitcoin Magazine (@BitcoinMagazine) January 30, 2025 The approval is a result of the CNB’s ongoing diversification efforts over the past two years,…