Author: Yeek.io

The latest weekly report from CoinShares, a prominent European digital asset investment firm, reveals notable shifts in crypto asset fund flows. The report highlights inflows of $48 million into digital asset investment products during the past week. However, the overall picture appears to be more complex, reflecting the impact of macroeconomic factors and investor sentiment on fund flows. James Butterfill, Head of Research at CoinShares, noted that while nearly $1 billion flowed into digital asset products during the first half of the week, the release of new macroeconomic data and the US Federal Reserve’s minutes led to significant outflows of…

Cardano price started a fresh decline below the $0.9550 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.00 level. ADA price started a fresh decline from the $1.0350 zone. The price is trading near $0.950 and the 100-hourly simple moving average. There was a break above a short-term bearish trend line with resistance at $0.9560 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.00 resistance zone. Cardano Price Attempts Recovery Wave After struggling to stay above the $1.00 level, Cardano…

Sony’s Soneium mainnet is officially live, offering creators faster, cheaper blockchain solutions and tools to connect with fans through NFTs and crypto. On January 14, Sony built on the success of its 2024 testnet, Soneium Minato—which has attracted over 15 million wallets and 50 million transactions—by launching Soneium, a blockchain mainnet that helps artists connect more directly with fans. Today is the day. Soneium Mainnet is LIVE! 💿Launched by Sony Block Solutions Labs (Sony BSL), a @Sony Group company, Soneium is a Layer 2 blockchain that empowers creators, fans, and communities to protect their rights, connect globally, and build an…

Homepage > News > Business > Egypt sets digitalization strategy; Mizuho eyes security tokens Egypt has unfurled plans to increase the size of its bet on emerging technologies as it eyes regional supremacy in artificial intelligence (AI) and IT sectors. According to a report by Egypt Today, high-ranking officials presented a blueprint to President Abdel Fattah El-Sisi on the actionable steps to be taken to achieve national targets. Communications Minister Amr Talaat led the presentations focusing on the outsourcing industry and seeking the integration of next-gen technologies. Talaat centered his submission on the need to revolutionize the communications sector to…

Whale deposits prompt volatility, pushing ENA below key support levels. Stable active addresses and MVRV suggest underlying market resilience. The recent deposit of 7.85 million Ethena [ENA] tokens by Arthur Hayes, co-founder of BitMEX, into Binance and Bybit, valued at $6.46 million, has sent ripples through the market. Currently trading at $0.803 and down by 9.84%, Ethena’s market dynamics could be significantly impacted. These large-scale deposits often signal impending sales or strategic repositioning, which could either disrupt market equilibrium or present new opportunities. ENA technical signals predict uncertain future ENA’s price has recently plummeted below critical support levels, indicating a…

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

Special thanks to Robert Sams for the development of Seignorage Shares and insights regarding how to correctly value volatile coins in multi-currency systems Note: we are not planning on adding price stabilization to ether; our philosophy has always been to keep ether simple to minimize black-swan risks. Results of this research will likely go into either subcurrencies or independent blockchains One of the main problems with Bitcoin for ordinary users is that, while the network may be a great way of sending payments, with lower transaction costs, much more expansive global reach, and a very high level of censorship resistance,…

52.67% of top traders held short positions, while 47.33% held long positions A section of whales appeared to be accumulating ETH too Ethereum (ETH), the second-largest cryptocurrency by market cap, seemed to be showing signs of a potential price decline after forming a bearish pattern on the charts, at press time.  Ethereum’s (ETH) bearish outlook Worth noting, however, that parts of his bearish trend are not only evident in ETH, but also across major cryptocurrencies such as Bitcoin (BTC), XRP, and Solana (SOL). Since December 2024, ETH has been on a downtrend and has broken down and successfully retested its…

Hardly a well-known name in the crypto industry, former college football player and the young politician, Bo Hines, 29, got a high-profile appointment as an executive director of the Presidential Council of Advisers for Digital Assets, (or the “Crypto Council”) position on Dec. 23, 2024. What are his views on crypto? Not surprisingly, Bo Hines is a pro-crypto politician – if he wasn’t, Trump wouldn’t have appointed him, given the bold support for crypto from the U.S. President-elect. For years, Hines has been a consistent Joe Biden critic and a passionate Donald Trump supporter. This loyalty didn’t go unnoticed, and…