Author: Yeek.io

Ethereum average active addresses surged to 670K.  ETH’s recent decline exposed Trump’s WLFI to a $14.9M unrealized loss.  Ethereum’s [ETH] active addresses have surged 37% and surpassed March 2024 highs, signaling increased network activity in early 2025. Per blockchain analytics firm IntoTheBlock, the network addresses soared to 670K last week, compared to over 400K in March 2024.   “The average number of active Ethereum addresses surpassed 620k last week, the highest since March 2024!” Source: IntoTheBlock Although a single entity can open several addresses and dilute the metric, the steady growth suggests massive adoption of the network.  Big players driving DeFi…

Trump Media & Technology Group (TMTG) has announced a new crypto venture, Truth.Fi, in partnership with Charles Schwab, a giant of the financial services industry. The venture, which is being called ‘a natural expansion of the Truth Social movement,’ will offer several investment options, including Bitcoin and other cryptocurrencies. It’s also worth recalling how positively Trump’s previous crypto ventures impacted the market. For instance, the launch of $TRUMP was a blockbuster success, as the meme coin soared over 12,000% overnight. The meme coin became one of the top 5 cryptocurrencies in the world in terms of market capitalization almost immediately…

Analysts warn the current price of $0.31 for HBAR might keep sliding further downwards. The Awesome Oscillator (AO) is a momentum indicator that has had red bars since January 21st. This suggests that sellers are in control and market sentiment remains negative.A descending trendline forms when an asset consistently hits lower highs, showing a prolonged downtrend. Trading below this line indicates ongoing weakness in price action. If selling pressure persists, HBAR could see an 18% drop, bringing its value down to $0.26.Additional selloffs could plunge the token further down, the next key support being at $0.22. However, this might quickly…

Blockchain technology has come a long way, yet it still feels intimidating to many. That’s where Abstract Web3, having just launched its mainnet, enters the scene. Built as an Ethereum Layer 2 (L2) solution, Abstract could bring blockchain into the mainstream by focusing on ease of use. Think of it as the missing bridge between traditional online experiences—often called Web2—and the more advanced but sometimes confusing world of Web3. In this article, we’ll look at Abstract’s backstory, examine its technical foundations, explore its features, and discuss real-world applications. We’ll also share simple steps for getting started and consider how Abstract…

Homepage > News > Business > Pro-crypto Scott Bessent chosen as US Treasury secretary The United States Senate has confirmed President Donald Trump’s pick for Treasury secretary, known pro-crypto advocate Scott Bessent. The billionaire hedge fund manager from South Carolina will preside over the nation’s tax collections and its $28 trillion Treasury debt market, holding influence over fiscal policy, financial regulations, international sanctions and investments from overseas. Basset was confirmed on January 27 by a Senate vote of 68 in favor to 29 against, with 16 Democrats supporting the nomination. The 62-year-old was a major donor, fundraiser, and economic advisor…

Andre Cronje, the founder of Sonic, wrote that pressure from the United States Securities and Exchange Commission led to his abrupt departure from the cryptocurrency industry in 2022. In a new blog post, Cronje detailed a years-long struggle with the regulator that ultimately forced him to step away from public engagement with decentralized finance. Cronje, best known for launching Yearn Finance in 2020, said he deliberately avoided raising funds or selling tokens to steer clear of regulatory scrutiny. However, in 2021, he received his first inquiry from the Securities and Exchange Commission requesting details about Yearn Finance’s investors and profit…

WIF pumped 12% on the 29th of January, after the Fed rate decision.  Depending on U.S. inflation data, the memecoin could extend its recovery to $2 or slip below $1.  The Fed rate decision fueled dogwifhat [WIF] resurgence with a 16% pump. Fed chair Jerome Powell reiterated that the agency was open to cutting interest rates even if inflation didn’t come down to the 2% target.  Following the update, Bitcoin climbed to $105K, lifting several altcoins and memecoins, including WIF. But, is it enough to fuel WIF to $2?  Can WIF top $2 again? Source: WIF/USDT, TradingView On the daily…

Grayscale Investments LLC has officially launched the Grayscale Bitcoin Miners ETF (MNRS), providing investors with a unique opportunity to gain exposure to the Bitcoin mining industry. This ETF is designed for those who want to invest in Bitcoin miners without directly purchasing Bitcoin itself, making it an attractive option for traditional investors looking to diversify their portfolios.Introducing the Grayscale Bitcoin Miners ETF ($MNRS) ⛏️ , offering investors targeted, pure-play exposure to Bitcoin Miners and the Bitcoin Mining Industry, available directly in your investment account. Learn more below. Brokerage fees and other expenses may still apply.— Grayscale (@Grayscale) January 30, 2025…

Este artículo también está disponible en español. Solana (SOL) has been navigating extreme volatility as the broader market shifted from bearish to bullish within hours yesterday. After experiencing a sharp 25% decline from its all-time high (ATH) in less than two weeks, SOL tested a crucial demand level and is now making an attempt to recover lost ground. Related Reading Investors remain divided on whether Solana has bottomed or if another pullback is on the horizon. However, early signs suggest buyers are stepping in, defending key technical levels. Top analyst Jelle shared a technical analysis on X, noting that Solana…

Speculations about Ethereum’s potential for a major upswing to a new all-time high in the ongoing cycle swells within the community as many wonder why ETH has underperformed compared to other altcoins. Several factors have been considered to have hindered ETH’s much-awaited rally including weak whale activity. Is Large Investors’ Interest In Ethereum Fading? The euphoria among whale Ethereum investors sparks worries as large-scale transaction volume fails to show any significant increase in the ongoing market cycle. Verified author at the CryptoQuant on-chain platform IT Tech underlined the negative trend, suggesting a lack of strong whale activity. The development implies…