Author: Yeek.io

SHIB’s burn rate surged by 612%, amounting to over 3.2 million tokens. Memecoin’s bearish pressure faded, with the Long/Short Ratio showing reduced selling momentum. After dipping by over 20% in the last week, Shiba Inu’s [SHIB] bearish momentum has finally started to wane. The memecoin had started approaching a key support level at $0.0000197, which might mark a turning point in deciding its further price action. As history dictates, a strong support level acts like a psychological anchor-on, attracting buyers and arresting declines. Source: TradingView Interestingly, Shiba Inu’s burn rate has surged massively over the last 24 hours, according to…

Altcoin season index has remained neutral since December 2024.  A surge in BTC dominance back to 58% has capped the altcoin momentum.  The much-awaited altcoin season 2025 has remained elusive. A key indicator for the altcoin momentum, the altcoin season index, has been neutral, suggesting it was neither an altcoin nor a Bitcoin [BTC] season.  Source: BlockChain Center  Since late December 2024, the index has fluctuated near 50, exposing most altcoins to range or dumping.  However, select coins like Solana [SOL] have recorded modest gains over the same period.  So, when can the sector record another strong traction, like in…

President Donald Trump has signed a Executive Order titled “Strengthening American Leadership in Digital Financial Technology.” The directive lays out a bold vision for bolstering the United States’ position in the global digital asset economy—most notably embracing open blockchain networks like Bitcoin while flatly prohibiting the development of Central Bank Digital Currencies (CBDCs).A Major Shift Toward Bitcoin At the core of the order is an explicit policy to support the responsible growth and use of digital assets, championing citizens’ right to access and utilize open public blockchain networks without interference. For Bitcoin enthusiasts, this represents a monumental endorsement from the highest…

Este artículo también está disponible en español. On-chain data has unveiled an impressive surge in the Shiba Inu burn rate, skyrocketing by more than 600% in just one day. This sharp rise in token burns indicates a growing interest in decreasing the overall supply of SHIB. Moreover, it has raised the possibility that the SHIB price could follow suit, as increased token burn often influences a cryptocurrency’s price movements.  Shiba Inu Burn Rate Skyrockets Over 600% Shibburn, the official Shiba Inu token burn tracker, has just reported a dramatic increase in burn rate, with over 3.24 million SHIB tokens permanently removed…

Homepage > News > Finance > South Korean exchanges fear sanctions due to Upbit clampdown In November 2024, South Korean regulators launched an investigation into Upbit, the country’s largest digital asset exchange, for allegedly violating Know Your Customer (KYC) regulations. The exchange is getting closer to knowing its fate as tension rises among other exchanges who fear they could be next. South Korea’s Financial Services Commission (FSC) alleged that Upbit had been onboarding new users without doing the proper KYC checks. Through its Financial Intelligence Unit (KoFIU), the watchdog claimed it had identified over 500,000 cases in which the exchange…

An inverse head-and-shoulders breakout pushed PENGU toward $0.028, signaling renewed bullish momentum. Funding Rates at 0.0135 and $430M trading volume showed that the memecoin could reach a new ATH soon. Pudgy Penguins [PENGU] has shown a bullish breakout after forming an inverse head-and-shoulders pattern, a reliable technical indicator of potential trend reversals.  This pattern is visible on the chart through three troughs: the left shoulder, head, and right shoulder. The breakout occurred above the $0.028 resistance level, marking a key milestone in confirming upward momentum. The $0.028 level, previously a resistance zone, now acts as support, with traders closely monitoring…

Phemex, a well-known crypto exchange, has recently witnessed a massive security breach. As per Cyvers Alerts, several suspicious transfers involving the hot wallets of Phemex have moved $29M in digital assets, compelling the crypto exchange to halt withdrawals. On detecting these malicious transfers, the on-chain security platform informed Phemex about the addresses. Malicious Wallet Addresses Breach Security Protocols of Phemex to Steal $29M Cyvers Alerts addressed the crypto exchange Phemex and disclosed the malicious digital asset transfers accounting for $29M. On receiving this information, Phemex immediately announced its provisional halt on withdrawals. The crypto exchange will reportedly resume the withdrawals…

Coinbase rolled out the newest State of Crypto report. The study was conducted by Ipsos. It observes how crypto and blockchain technology are viewed in Argentina, Kenya, the Philippines, and Switzerland and how it impacts the lives of people in these countries. For most of the part, the study is based on surveys with 4,000 adults (not specifying the age rates) in Argentina, Kenya, the Philippines, and Switzerland conducted on behalf of Coinbase. The choice of countries aims to give an outlook of societies living in markedly different socioeconomic conditions in different parts of the world (none of these countries…

Popcat makes bullish crossovers from two fronts, signaling strong buying pressure. The memecoin has surged by 4.67% over the past 24 hours. After experiencing considerable losses over the past month, Popcat [POPCAT] has started showing some signs of life. As such, over the past three days, the memecoin has experienced a strong upswing, rising from a local low of $0.39 to a high of $0.63. As of this writing, Popcat was trading at $0.5762, marking a 4.67% increase on the daily charts. Prior to these gains, the memecoin had been on a downward trajectory, dipping by 26.02% on a monthly…

President Trump has officially eliminated a controversial guideline from the U.S. Securities and Exchange Commission that effectively prevented US banks from holding crypto assets. The administration’s new leadership at the SEC just rescinded Staff Accounting Bulletin 121, which forced banks to identify crypto assets held on behalf of their customers as liabilities on their balance sheets. A bill aiming to eliminate the guideline passed both the House and the Senate last year, but President Biden vetoed the bill. Although the issue is a top priority among crypto proponents, the removal of the rule was not a campaign promise. Bank of America CEO…