Author: Yeek.io

Imagine you spend years collecting rare NFTs, stacking crypto, and building a digital identity you’re proud of, but what happens to all of it when you’re gone? Does it just vanish into the internet forever? Well, the answer is actually Yes, all of it…poof…gone! This raises the strange but important question of crypto inheritance and digital legacy.Digital Immortality.As we live more of our lives online; buying art, investing, gaming, and socializing, our digital belongings are becoming just as valuable as our physical ones and in the world of blockchain, NFTs, and crypto wallets, planning for the future isn’t just about…

DeFi is teeming with innovation, offering users permissionless access to lending, trading, and yield opportunities, but its reliance on highly volatile crypto assets continues to raise concerns around long-term stability.One project aiming to solve this is Ethena, the team behind USDe, a synthetic dollar designed to bring scalable, censorship-resistant stability to DeFi without relying on traditional banking infrastructure.But with so many stablecoin solutions already in the market and regulatory scrutiny mounting, the question remains: Can USDe truly deliver lasting stability in a volatile crypto space, or is it another experimental peg destined to break?What Is Ethena’s USDe and How Does…

Ethereum has surged to $4,670, its highest level in nearly 11 months, indicating that the second phase of the altcoin cycle is underway.  Summary Ethereum just broke $4.6K, driven by liquidations, treasury buying, and ETF inflows. Altcoins are heating up, supported by global liquidity growth and falling Bitcoin dominance. The macro backdrop is favorable, but market participants should watch for resistance and volatility. This is according to a CoinGecko blog post published Aug. 12, which notes Ethereum’s (ETH) market dominance has risen to 20.8%, up from 17.5% in May. CoinGecko notes that rotation of capital from Bitcoin (BTC) into altcoins,…

The total capitalization of the crypto market rose to an all-time high as Bitcoin reclaimed the $120k level and Ethereum closed in on its all-time high. Against this backdrop, Story protocol’s IP was down on the weekly time frame while SOL posted strong gains. Summary Crypto market cap hit a record $4.16T as Bitcoin traded above $120K and Ethereum neared its all-time high. SOL surged 15% to over $200, with a potential breakout target of $252 if it clears $213. Story Protocol’s IP fell 17% from its weekly high after breaking below a rising channel, with downside targets at $4.10…

Tech billionaire Peter Thiel has acquired a 7.5% stake in ETHZilla, marking his second investment into an Ethereum treasury company in recent weeks. Summary Thiel and related entities purchased a 7.5% stake in ETHZilla (formerly, 180 Life Sciences) ETHZilla’s stock jumped 207%, closing at $10.24 from $3.34 after the investment news. This follows Thiel’s recent 9.1% stake in BitMine Immersion Technologies last month. Peter Thiel, a PayPal and Palantir co-founder, has made a significant investment in ETHZilla, a company formerly known as 180 Life Sciences that recently pivoted from biotech research to Ethereum (ETH) treasury management. According to a recent…

Kazakhstan is making headlines in digital finance with its bold new initiative: the creation of a “CryptoCity.” Envisioned as a high-tech hub for blockchain innovation, the project aims to transform a designated urban area, likely within thce capital, Astana, into a center for crypto experimentation, enterprise, and infrastructure.The goals behind CryptoCity are threefold: to foster innovation, increase mainstream adoption of digital assets, and serve as a regulatory sandbox where new policies and technologies can be tested in a controlled environment. Kazakhstan’s government, which has taken a relatively proactive approach to digital finance in recent years, sees this initiative as a chance…

Lido price edges toward $2 after a two-week rally fueled by institutional adoption and Ethereum’s strength. Summary Lido price is approaching $2 after a two-week accumulation phase fueled by GK8’s launch of secure stETH custody services on August 7 Ethereum’s ongoing rally supports Lido’s staking protocol, boosting both stETH value and market sentiment. LDO shows signs of being overheated in the short-term, with RSI nearing 77 and a potential pullback forming. Lido (LDO) price is currently in a parabolic advance following a delayed breakout from a double bottom pattern, with two troughs forming around the $0.62–$0.63 zone and a neckline…

Another ransomware gang is in U.S. crosshairs, with authorities moving against the BlackSuit group, active since 2022 and linked to more than $370 million in ransom demands. Summary U.S. authorities have seized four servers, nine domains, and $1.09 million in cryptocurrency tied to the BlackSuit ransomware group. BlackSuit has targeted critical infrastructure in the U.S. since 2022. It emerged as a spinoff of the Royal ransomware gang. On Monday, the Justice Department said it seized four servers, nine domains, and about $1.09 million in cryptocurrency tied to BlackSuit, working with U.S. and international partners to carry out the raid. The…

Altcoin season calls are heating up across the industry as the crypto market flips green, and some tokens are already stealing the spotlight. Summary Ethereum has surged nearly 10% in the past 24 hours, trading above $4,623, its highest levels since November 2021. OKB, the native token of OKX, has gained approximately 189% in one day after a major supply cut reduced its total supply from 300 million to 21 million tokens. Solana (SOL) is up about 13% to $197, supported by increased institutional investment and a 94% jump in daily trading volume. Google Trends data shows global search interest…

Key Takeaways PENGU’s price has been falling since hitting the $0.04-price level. Price consolidation and seller dominance caused the drop. However, the CPI data sparked some signs of reversal. Pudgy Penguins (PENGU) dropped by more than 11% on the charts, with macros pointing to potential continuation of this trend. Prior to this price decline, however, PENGU had flipped all Solana memecoins by market capitalization. In fact, its price had surpassed the $0.048-level, before dropping. Whales’ sell-offs and a hike in shorts were some of the contributing factors to this decline. Insider wallets do some offloading Insider-linked wallets started selling their…