Author: Yeek.io

Hong Kong-based Ming Shing Group has invested $47 million in Bitcoin, acquiring 500 BTC as a short-term strategy to enhance liquidity and asset value. Public construction firm Ming Shing Group has joined the list of non-tech companies diversifying into cryptocurrency, investing $47 million in Bitcoin (BTC) to enhance liquidity and boost asset value. In a Jan. 13 press release, the Hong Kong-based company, mainly engaged in wet trades works like plastering and tile laying, announced that its wholly-owned subsidiary, Lead Benefit, purchased 500 Bitcoins at an average price of $94,375 per BTC. Ming Shing said the funds came from idle…

KAS retained a bearish daily structure on the price charts Liquidity clusters around $0.133 seemed to be a short-term target Kaspa [KAS] gained by 5.4% on Tuesday and it could be set for more gains soon. At the time of writing, it still had a bearish structure on the daily timeframe, but the bulls’ defense of the $0.11 region was solid. And yet, the swift retrace from the $0.19-level in December is a worry that has not been addressed yet. Buying pressure slowly on the rise Source: KAS/USDT on TradingView The structure was bearish because the lower high on the…

Stablecoin minting data shows a slowdown in fiat-to-crypto on-ramps, with the Federal Reserve’s hawkish shift likely impacting market activity, Matrixport warns. Bitcoin (BTC) is likely to stay in consolidation as long as fiat-to-stablecoin conversions remain muted, according to Singapore-based digital asset firm Matrixport. In a Jan. 14 research note, Matrixport noted that the latest 7-day stablecoin minting indicator shows a “significant slowdown” in fiat-to-crypto on-ramps, particularly in the lead-up to the Christmas holidays. Markus Thielen, an independent analyst, said the dip can be attributed to the Federal Reserve’s hawkish pivot in mid-December, which likely dampened investor sentiment. With fiat-to-stablecoin conversions…

In the past week, Bitcoin-focused ETFs saw an inflow of $1.7 billion, topping the $1.35-billion average per week seen of late. This uptick underlines growing optimism about Bitcoin’s potential as a long-term investment.Retail investors, known as “Shrimps,” are also showing bullish behavior. These holders, with less than 1 BTC each, are adding to their positions at a rate of 17,600 BTC per month. Their collective holdings now total 1.36 million BTC. This rapid accumulation reflects confidence in Bitcoin’s ability to recover and rally further.It then fell to $89,000, after which Bitcoin quickly recovered, raising expectations for a possible move above…

Well… what a busy two weeks. I thought it about time to make another update for any of you who might be interested in how we’re doing. If you don’t already know, I’m Gavin, a founder of Ethereum and one of the three directors (alongside Vitalik and Jeffrey) of Ethereum ÐΞV, the development entity building Ethereum and all the associated technology. After doing some recruitment on behalf of DEV in Bucharest with the help of Mihai Alisie and the lovely Roxanna Sureanu I spent the last week at my home (and coincidentally, the Ethereum HQ) in Zug, Switzerland. During this…

What is crypto staking? It has become a powerful trend in the crypto ecosystem, offering investors a way to earn passive income by helping secure blockchain networks. In simple terms, staking involves locking up digital assets to support the creation of new blocks, validate transactions, and maintain network stability. As demand for more eco-friendly and scalable consensus models grows, staking stands out as a strategy that benefits both individual investors and entire blockchain communities. This guide will give you all the information you need to make more informed decisions for your crypto portfolio. What is crypto staking? Crypto staking is…

Today marks a significant milestone: Soneium, the blockchain built by Sony Blockchain Labs, is now live! Be among the first to explore this innovative ecosystem by bridging your funds via rhino.fi. And the best part? You can bridge for just $0.98 on transactions under $100 during the promotional period. Why Use Bridges? Bridges are essential tools for seamless fund transfers between blockchains. They enable access to decentralized apps (dApps) unavailable on your current chain, offering you a first-mover advantage in the Soneium ecosystem. What Is Soneium? Soneium delivers scalable and efficient blockchain solutions, making it a versatile platform for developers,…

Sygnum, a Switzerland and Singapore based crypto-focused bank, has secured $58 million in an oversubscribed strategic growth funding round. This will push the firm’s post-money valuation beyond $1 billion and seal its unicorn status. This marks another milestone in furthering the firm’s growing influence in the digital asset space and robust market positioning. Fulgur Ventures, the venture capital firm that specializes in Bitcoin technologies and emerged as a cornerstone investor for the final close of this round of funding, led the other strategic and financial investors. Team members also participated on equal terms and will maintain majority ownership together with…

Ontology’s price pump on Monday excited traders looking for opportunities ONT’s on-chain metrics did not show high levels of activity and utility Ontology [ONT] gained by 33.84% in two hours on Monday, 13 January. The Open Interest surged by more than 400% as speculators rushed to try and find profitable trades. Source: ONT/USDT on TradingView However, ONT was quick to retrace from its pump. It still has a bullish outlook for the coming days, since the 78.6% retracement level at $0.246 has been defended upon retests. However, the OBV took a major hit. The RSI was also below neutral 50…

Insiders expect Donald Trump to sign crypto executive orders on his first day of presidency, January 20. Namely, Trump could cancel Joe Biden’s crypto de-banking policies and relax crypto accounting regulations. Republicans have also been resisting the March 2022 SAB 121 bulletin. Could the tables turn for crypto as soon as Monday? The Days of Crypto Terror Are Coming to an End An anonymous person involved with Trump revealed to the Washington Post that crypto regulation is a top priority for the new president. Biden’s administration has a history of aggressive enforcement actions against crypto companies, often without proper warning…