Author: Yeek.io

Ethereum price started a minor recovery wave after it dropped to the $2,920 zone. ETH is rising and might face hurdles near the $3,240 zone. Ethereum started a minor recovery wave from the $2,920 zone. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,200 resistance level. Ethereum Price Attempts Recovery Ethereum price failed to settle above $3,250 and extended losses like…

Special thanks to Vlad Zamfir for much of the thinking behind multi-chain cryptoeconomic paradigms First off, a history lesson. In October 2013, when I was visiting Israel as part of my trip around the Bitcoin world, I came to know the core teams behind the colored coins and Mastercoin projects. Once I properly understood Mastercoin and its potential, I was immediately drawn in by the sheer power of the protocol; however, I disliked the fact that the protocol was designed as a disparate ensemble of “features”, providing a subtantial amount of functionality for people to use, but offering no freedom…

The bearish wedge pattern and negative funding rates signal a potential downside for BNB. Derivatives activity surges, but mixed signals keep traders cautious about BNB’s next move. Binance Coin [BNB] is under pressure as it forms a rising wedge pattern on the weekly chart, a technical structure often signaling bearish outcomes. This pattern, combined with mounting resistance levels, raises questions about its ability to hold its ground.  At press time, BNB was trading at $676.54, marking a 2.38% decline in the last 24 hours. Therefore, the token’s price action is at a pivotal point, and traders are bracing for its…

Despite broader bearish trends in the cryptocurrency market, Tron (TRX) has demonstrated resilience with notable growth in key metrics. Recent analysis from CryptoQuant contributors sheds light on Tron’s expanding ecosystem and revenue surge, presenting a compelling case for its role in blockchain technology’s ongoing evolution. One major highlight is the substantial increase in Tron’s daily on-chain revenue. According to the data shared by the analyst, Crazzyblockk, this rise has been driven by the network’s enhanced gas fee revenue and higher transaction volumes. Additionally, Tron’s price movement appears to be now becoming interesting as it approaches critical support and resistance levels,…

On-chain data shows the Bitcoin short-term holders have started selling at a loss. Here’s what this could mean for the cryptocurrency’s price. Bitcoin Short-Term Holder SOPR Has Just Dipped Under 1 As pointed out by CryptoQuant author Axel Adler Jr in a new post on X, the Bitcoin Spent Output Profit Ratio (SOPR) of the short-term holders has declined into the red zone recently. The “SOPR” here refers to an on-chain indicator that tells us whether the BTC investors are selling their coins at a profit or loss. The metric works by going through the transaction history of each coin…

I’m Gavin Wood, a co-founder of Ethereum and, along with Vitalik Buterin and Jeffrey Wilcke, one of the three directors of the Eth Dev, the NFP organisation that is managing the development (under contract from Ethereum Suisse) of the Ethereum blockchain. This is a small update to let you all know what has been going on recently. I sit here on an immaculate couch that has been zapped forward in time from the 1960s. It is in the room that will become the chillout & wind-down room of the heart of the (C++) Ethereum development operation. Surrounding me is Alex…

Wagmi, a multi-chain decentralized exchange (DEX), has more than doubled its total value locked (TVL) in the past month. On Saturday, January 11, the platform hit a record $49 million in TVL, as per DefiLlama. Wagmi is a DEX and yield platform supported by nine EVM-compatible chains, including Ethereum, Sonic, IOTA EVM, Kava, and Metis. Its recent growth is attributed to Sonic, which finalized its rebranding from Fantom in December 2024. On December 22, Wagmi’s TVL on Sonic started with $600k. Today, it is at a record $25.5 million, accounting for more than half of the platform’s liquidity. Sonic is…

A newly identified whale, “0x8f5,” withdrew 280 billion $PEPE tokens worth $5 million from Binance  Whale accumulation has historically been a bullish precursor, particularly in low-cap tokens An analysis of recent on-chain data revealed a surge in PEPE accumulation by cryptocurrency whales – A sign of renewed interest in the popular memecoin.  In fact, a newly identified whale, “0x8f5,” withdrew 280 billion PEPE tokens worth $5 million from Binance, marking a significant transaction in the token’s ecosystem. This trend hints at strategic positioning by high-net-worth investors, likely in anticipation of a potential rally or market event.  Historically, whale activity in…

A widely followed crypto analyst says that the top altcoin Ethereum (ETH) is setting up for a gigantic rally later this year. In a new thread, pseudonymous crypto trader Credible Crypto tells his 453,200 followers on the social media platform X that the smart contract platform looks set to skyrocket – but not before it dips and presents a solid entry for long-term holders. ‘[Ethereum] is setting up for a face-melting rally later this year. Just be patient and take advantage of the dips for now. $2,500-$2,800 is the dream buy zone if we manage to get it down the…

Can Usual’s revenue switch deliver on its promises amid growing concerns? The Revenue Switch, a mechanism designed to distribute 100% of Usual’s (USUAL) protocol revenue to USUALx stakers, has been launched by the USUAL token and USD0 stablecoin ecosystem creators. While the initiative marks a significant step forward for decentralized finance, its debut is accompanied by ongoing community concerns about recent changes to the protocol’s redeem function. Activated on Jan. 13, 2025, the Revenue Switch enables USUALx stakers to receive protocol-generated revenue, estimated at $5 million per month, directly in USD0. This mechanism links token value to actual earnings, aiming…