Author: Yeek.io

Homepage > News > Finance > South Korea explores ‘crypto’ spot ETFs, security token sales South Korea’s top stock exchange is considering adding digital asset spot exchange-traded funds (ETFs) to its product suite to revive investor interest following a year of political instability. Elsewhere, one of America’s largest asset managers, Morgan Stanley (NASDAQ: MS), is weighing adding digital assets to its online brokerage to capitalize on Donald Trump’s rise to power and the expected ‘crypto’ investment rush. South Korea warms up to STOs, spot ETFs In January this year, the U.S. Securities and Exchange Commission (SEC) approved the first batch…

Whale activity on PEPE signaled potential market reversal, despite recent price decline. Network growth slowdown and technical indicators suggested a cautious outlook for further price movement. A major whale activity in the Pepe [PEPE] market has recently caught attention, with 427 billion PEPE ($8.5M) deposited into Kraken over the past 30 hours, causing noticeable market movement. With 1 trillion PEPE ($18.4M) in total holdings, the whale has made notable profits, including a $2M gain from its latest position. In the past, it made $11.7M on PEPE, highlighting its belief in the token’s potential.  At press time, the memecoin was trading…

UNI must hold the $13.20 support to confirm reversal amid bearish momentum. Market optimism grew with rising active addresses, lower exchange reserves, and liquidation imbalances. Uniswap [UNI] has generated significant attention after triggering a TD Sequential buy signal on its 4-hour chart, sparking optimism for a potential recovery. Trading at $13.17 at press time, down 11.89% in 24 hours, UNI finds itself at a critical crossroads.  The $13.20 support level is essential for the token to stabilize and reverse its recent downtrend. Therefore, traders are closely monitoring whether this signal can provide the momentum UNI needs to bounce back. UNI…

Steve Hanke is wrong about something Bitcoin related once again. He’s recently taken aim at the idea of the U.S. creating a Strategic Bitcoin Reserve (SBR).In the video embedded in the X post below, Hanke claimed that converting government savings into bitcoin would be a “drag on the economy” because those savings wouldn’t be invested in “real capital assets that produce things.”He even doubled down, saying bitcoin doesn’t build factories, create jobs, or drive innovation.A US BITCOIN STRATEGIC RESERVE = A STUPID IDEA.Savings funneled into Bitcoin aren't building factories, creating jobs, or driving innovation. pic.twitter.com/VaH0p7Y835— Steve Hanke (@steve_hanke) January 6,…

XRP price is holding the ground above $2.25 despite pressure on Bitcoin. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance. XRP price is showing a few positive signs above the $2.25 zone. The price is now trading below $2.3650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.250 support. XRP Price Consolidates Below $2.50 XRP price failed to extend…

In an effort to bring the community more information about the going-ons at Ethereum, we’re planning to release semi-weekly updates of project progress. I hope this provides some high-level information without having to live on GitHub 😉 The Go and C++ teams have daily standups and are making regular progress along with several other improvements around the ecosystem. Concurrent with this, the teams are gearing up for DEVCON1, preparing talks and presentations along with finalizing more details in the coming weeks. If you haven’t already registered, visit https://devcon.ethereum.org/ to join the fun next month in London. Now on to the updates… Mist Hoping…

China’s inflation data for December has raised fresh concerns over deflationary pressures, underscoring the persistent challenges facing the world’s second-largest economy as it grapples with weak domestic demand. China’s consumer inflation edges lower China’s consumer price index (CPI) rose just 0.1% year-on-year in December, according to data from the National Bureau of Statistics (NBS). The reading matched consensus estimates but marked a slowdown from the 0.2% increase in November. Core CPI, which excludes volatile food and energy prices, rose 0.4% year-on-year, slightly improving from a 0.3% gain in the previous month. On a month-on-month basis, CPI remained flat, compared with…

Cardano whales bought 10 million ADA tokens in 24 hours. ADA has declined by 8.82% over the past day. After experiencing a strong uptrend over the past week, Cardano [ADA] has retraced. At the time of writing, the altcoin has dipped from $1.15 to a low of $0.98, over the past 24 hours. This decline has created a buying opportunity, with large holders turning to buy the dip. Over the past 24 hours, Cardano whales have purchased 10 million ADA tokens, according to crypto analyst Ali Martinez. Any impact on ADA? While the Cardano whale buying spree is expected to…

The Biden administration is preparing a final round of export restrictions on advanced artificial intelligence (AI) chips, marking a last-minute effort to limit China and Russia’s access to cutting-edge technologies, as per a Bloomberg report. The proposed measures aim to consolidate US leadership in AI development and ensure global compliance with American security and human rights standards. America’s bid to control AI Chips The report said citing sources that the new rules will introduce a three-tier system for regulating the export of AI chips, which are crucial for data center operations and advanced computational tasks: Tier 1 Countries: This group…

Bitcoin price extended losses and traded below the $95,000 zone. BTC is correcting gains and might struggle to recover above the $96,500 level. Bitcoin started a fresh decline from the $97,500 resistance zone. The price is trading below $97,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $92,500 support zone. Bitcoin Price Dips Below $95K Bitcoin price failed to start a recovery wave above the $98,000…