Author: Yeek.io

The NFT market endured a challenging 2024, with trading volumes and sales activity falling to their lowest levels in three years. A report by blockchain analytics firm DappRadar revealed a 19% decline in annual trading volumes and an 18% drop in the number of sales compared to 2023.The downturn comes despite broader growth in the cryptocurrency space, including record highs for Bitcoin and increased DeFi activity. Experts point to inflated valuations and reduced buyer participation as key factors driving the decline.Whilst certain high-value transactions and platforms showed resilience, the overall market faced significant challenges in maintaining momentum. Source: DappRadarConsistent Declines…

WhiteBIT, Europe’s leading cryptocurrency exchange, has wrapped up an impressive year, achieving significant milestones. The company’s valuation has reached $38.9 billion, with its annual trading volume soaring to $2.7 trillion — a remarkable 200% increase from the previous year. These figures, which include both spot and futures markets, reflect the exchange’s rapid expansion and growing trust among its users. To put these numbers in perspective, WhiteBIT’s trading volume far exceeds that of major players like Kraken, which recorded an annual trading volume of $628 billion. WhiteBIT’s trading volume now surpasses the GDP of nations such as Italy and Canada and…

  On-chain metrics revealed that exchanges have witnessed an outflow of $4.5 million worth of BONK. Currently, 52.98% of top traders hold long positions, while 47.02% hold short positions. Bonk [BONK] has finally found support at the $0.000025 level after experiencing a price decline of over 60% in the past few weeks. However, it has yet to confirm whether the sentiment has shifted. Still, the current market outlook suggests a potential turnaround for the meme coin. Rising interest from traders and investors Another factor that could shift BONK’s sentiment is the rising interest and confidence of traders and investors, as revealed…

Quick take: The company will use the funds to launch 1Money Network, a layer-1 blockchain focused on stablecoin payments. The company said its L1 network leverages a patent-pending Byzantine Consistent Broadcast design that eliminates delays, surging prices and security issues. 1Money has emerged from stealth with a $20 million seed round backed by F-Prime Capital, Galaxy Ventures, Hack VC, Kraken Ventures, MoonPay Ventures and Bankless Ventures. The company plans to use the seed round to launch the 1Money network, a layer-1 blockchain “exclusively designed” for stablecoin payments. According to 1Money, the network leverages a patent-pending Byzantine Consistent Broadcast design that…

ALGO could be poised for a potential bullish breakout after a rebound from the correction. Daily active addresses starting to rise again steadily after being flat since July 2024. Algorand [ALGO] gained more than 14% while its daily trading volume rose by equal measure as per CoinMarketCap, aligning with the current bullish momentum in the altcoin. ALGO has been consolidating tightly within a crucial range of $0.39 to $0.32. In recent weeks, ALGO repeatedly tested both the upper and lower boundaries of this range, indicating a tense equilibrium between buyers and sellers. This pattern suggests that ALGO is setting up…

The Bitcoin price has struggled to break above the $100,000 threshold decisively over the past four weeks, largely fluctuating within the $90,000 to $100,000 range. This correction and lackluster price action have caused a degree of bearish sentiment among traders, with some speculating that Bitcoin might have already reached its peak for the current cycle. However, some bullish proponents are still noting that Bitcoin’s price trajectory remains bullish as technical indicators continue to signal upward momentum. Crypto analyst Tony “The Bull” Severino highlighted a key observation on social media platform X, focusing on Bitcoin’s monthly stochastic indicator to suggest that…

Kaum eine Kryptowährung stand in den vergangenen Jahren derart unter Beschuss vonseiten der amerikanischen Regierungsbehörden wie Ripple. Dessen Coin XRP sei ein Wertpapier und daher von Beginn an genehmigungspflichtig gewesen, argumentierte die amerikanische Wertpapieraufsicht SEC. Gary Gensler gibt auf Deren Chef Gary Gensler galt als Speerspitze im Kampf gegen Kryptowährungen, entsprechend hartnäckig verfolgte er das Strafverfahren, das seine Behörde gegen Ripple angestrengt hatte. Das Unternehmen zog sich daraufhin aus dem US-Markt zurück und kämpfte jahrelang verbissen für seine Chance. Nach einem Gerichtsurteil in den USA kehrte Ripple auf seinen Heimatmarkt zurück, doch die SEC gab nicht auf und bekämpfte XRP…

2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH’s potential to deliver outsized returns. Are Whales Losing Faith In Ethereum? While cryptocurrencies like Bitcoin (BTC), SUI, and Solana (SOL) experienced stellar performances in 2024 – delivering exceptional returns to investors and hitting new all-time highs (ATH) – Ethereum’s journey was comparatively underwhelming. Unlike its peers, which set fresh ATHs in 2024, Ethereum’s ATH of $4,878 remains untouched since November…

Are you investing in a high-security digital asset? The global cryptocurrency market faces ongoing challenges as the United States, Japan, and South Korea issued a joint statement. This statement addresses the growing threats posed by North Korean hacking groups. Despite efforts to curb their influence, notorious entities like the Lazarus Group continue targeting crypto exchanges and platforms to steal funds. The statement cited major incidents, including the $308 million DMM Bitcoin hack, the $50 million Upbit breach, and the $235 million WazirX attack. These events highlight the critical need for secure platforms that prioritize user protection as the market expands.…

Nansen, a blockchain analytics platform, has partnered with the Stellar Development Foundation to offer advanced on-chain analytics for the Stellar ecosystem. The collaboration aims to provide actionable insights to developers, investors, and businesses, helping them make informed decisions within the Stellar blockchain network. Stellar (XLM) is a decentralized network designed to enable fast and low-cost cross-border transactions. Through this integration, Nansen’s Growth Dashboard will feature data specific to Stellar, including key metrics such as active account growth, transaction volume, and the major participants driving network activity. Blockchain analytics platforms like Nansen collect and analyze data from decentralized networks to identify…