Author: Yeek.io

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…

The US initial public offering (IPO) market is anticipating a substantial recovery in 2025, with a noticeable emphasis on listings pertaining to crypto, as the global economy continues to change. Favorable legislative reforms and increased institutional interest in digital assets are expected to fuel a boom in initial public offerings (IPOs) in the cryptocurrency sector. A strong US economy and low borrowing rates are largely responsible for this recovery, which should create a favorable atmosphere for businesses looking to exit through an IPO. Even with the recent market fluctuations, the medium-term picture is still promising. NYSE VP Upbeat About Crypto…

Este artículo también está disponible en español. Chainlink (LINK) is navigating a turbulent market phase, recently experiencing an 11% decline after reaching a local high of $27 yesterday. This pullback reflects the heightened volatility sweeping through the cryptocurrency market, particularly affecting altcoins. Many altcoins, including Chainlink, are facing sharp declines and aggressive price swings as traders respond to uncertain conditions and Bitcoin’s consolidation near all-time highs. Related Reading Despite the recent dip, optimism remains among analysts and investors. Top analyst Ali Martinez shared a technical analysis on X, highlighting a bullish perspective for Chainlink. According to Martinez, LINK is currently…

Whales have accumulated over 950,000 ETH, signaling strong confidence in its long-term potential. ETH’s key support at $3,044 held firm as analysts eyed $5,000 as the next major price target. Ethereum [ETH] continued to draw significant interest from major investors, with whales accumulating over $1 billion in ETH in recent months. This influx of capital has supported Ethereum’s price recovery, but the critical question remains: Can this accumulation drive ETH toward a $5,000 price target? Ethereum whale accumulation drives bullish sentiment According to a recent analysis of Santiment, there has been a clear trend of whale activity in the Ethereum…

XRP is currently navigating a pivotal phase, trading within a well-defined consolidation range of $2.9 to $3.4. This narrow band reflects a balanced struggle between bullish optimism and bearish caution as neither side has yet mustered the strength to trigger a decisive price movement.  Historically, such periods of consolidation are often precursors to significant market shifts, making this a critical moment for XRP enthusiasts and traders alike. A breakout above the upper boundary at $3.4 will probably act as a bullish catalyst, indicating renewed momentum and attracting fresh buying interest.  Such a move may pave the way for XRP to…