Author: Yeek.io

Sygnum, the Swiss-Singapore digital asset banking group, secured $58 million in an oversubscribed strategic funding round, achieving unicorn status and a valuation of $1 billion. The round, led by Bitcoin-focused venture capital firm Fulgur Venture, included new and existing strategic investors and Sygnum team members. This represents a substantial leap from the company’s $900 million valuation earlier this year. Mathias Imbach, Co-Founder and Group CEO of Sygnum, says, “Sygnum’s reaching unicorn status is a strong validation by the market of our business model, strategy, and team. As Switzerland loses ground to other jurisdictions as a preferred digital asset hub, we…

Whale activity highlighted market uncertainty as social volume and sentiment traced bearish trends Technical indicators and liquidation data confirmed persistent selling pressure and oversold market conditions Whale activities in the Dogwifhat [WIF] market continue to dominate headlines, as a prominent player recently withdrew $20.77M worth of WIF at an average price of $1.73 – Incurring a significant $3.27M loss.  However, shortly after, this whale redeposited $17.5M back to Binance, raising questions about their strategic intentions. At press time, WIF was trading at $1.45, following a sharp 6.58% decline in the last 24 hours.  This combination of significant transactions and a…

Spot Bitcoin exchange-traded funds in the United States recorded their third consecutive day of outflows this year, as Bitcoin fell below $90,000 amid a broader market risk-off sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $284.19 million in net outflows on Jan. 13, extending their outflow streak to three days, during which over $1 billion exited the funds. Fidelity’s FBTC led the outflows on Monday, with $113.64 million exiting the fund, followed by ARK 21Shares’ ARKB, which saw outflows of $92.36 million. Grayscale’s GBTC and Bitwise’s BITB also contributed to the negative momentum, with investors withdrawing…

Este artículo también está disponible en español. After reaching a new all-time high (ATH) of over $108,000 in December 2024, Bitcoin (BTC) has declined more than 15%, currently trading in the low $90,000 range. While bulls fear a further drawdown to $85,000, some analysts remain optimistic, suggesting that the premier cryptocurrency could rebound and potentially top out in the summer of 2025. Bitcoin To Top In Summer 2025?  According to crypto analyst Dave The Wave, BTC may peak in the summer of 2025, around the middle of the year. The analyst highlighted that Bitcoin’s price trajectory is likely to continue…

Hi, I’m Stephan Tual, and I’ve been responsible for Ethereum’s adoption and education since January as CCO. I’m also leading our UK ÐΞV hub, located at Co-Work in Putney (South West London). I feel really privileged to be able to lead the effort on the communication strategy at ÐΞV. For the very first time, we’re seeing the mainstream public take a genuine interest in the potential of decentralisation. The feeling of excitement about what ‘could be’ when I first read Vitalik’s whitepaper on that fateful Christmas afternoon is now shared by dozens of thousands of technologists, developers and entrepreneurs. Thanks to the Ether…

Homepage > News > Business > Reserve Bank of India: Rapid AI adoption pose financial stability risks The Reserve Bank of India (RBI) has cautioned that the growing popularity and adoption of artificial intelligence (AI) by the financial sector come with several risks despite the benefits.  In its December 2024 Financial Stability Report, the central bank highlighted the significant market concentration risk within the financial industry and key third-party providers of cloud and AI services. “The evolution and adoption of AI poses several risks to financial stability,” RBI pointed out in the report.  “First, interconnectedness could become enhanced through over-reliance…

  Fibonacci retracement levels indicated areas of strong support and resistance, providing insights into future price movements. This declining MVRV ratio aligns with ETC’s price’s proximity to the 0.618 Fibonacci level, reinforcing the possibility of a rebound. Ethereum Classic [ETC], a widely followed cryptocurrency, recently exhibited notable price movements, sparking interest among traders and analysts.  The daily chart reveals a descending triangle pattern, a structure often signaling potential breakout opportunities. Additionally, critical Fibonacci retracement levels indicated areas of strong support and resistance, providing insights into future price movements.  Fibonacci retracement analysis In the Fibonacci retracement levels, Ethereum Classic’s price recently hovered…

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…