Author: Yeek.io

Homepage > News > Finance > India’s exchanges face consolidation in 2025 due to harsh taxation India’s digital asset exchanges are likely looking at a consolidation in 2025, with smaller exchanges either shutting down operations or merging with larger ones due to the country’s punishing taxation regime.  The government has long treated digital assets with suspicion, so far as imposing one of the harshest taxation in 2022—30% flat tax on all digital currency income with no provision to offset losses and a 1% tax deducted at source (TDS) on all transactions above Rs 10,000 ($118). This may likely lead to…

BitMEX founder Arthur Hayes says there will come a time this year when he will start moving capital out of the risk curve into select altcoins. In a new essay, Hayes says that the digital asset industry may experience a “letdown” by incoming President Trump if he ultimately isn’t as pro-crypto as he campaigned, sending market prices down. However, he says that such a situation – if it occurs – can easily be balanced out by a new flood of fresh liquidity, likely from the Treasury and Federal Reserve. “Trump on his proposed pro-crypto and pro-business legislation can be covered…

In a recent appearance on CNN Prima News’ Partie Terezie Tománková, Governor of the Czech National Bank (CNB) Aleš Michl discussed the institution’s monetary stance, its growing gold reserves, and the possibility of investing in Bitcoin. The interview, originally reported by local media outlet Seznam Zprávy, offered an unusually candid glimpse into the central bank’s strategy for foreign exchange reserves and the governor’s personal thoughts on BTC. Will Czech’s Central Bank Buy Bitcoin? Michl began by reaffirming his skepticism toward the Czech Republic’s adoption of the euro, emphasizing that joining the single currency would not solve the country’s economic challenges.…

Solana failed to clear the $225 resistance and trimmed gains. SOL price is now below $200 and showing a few bearish signs. SOL price started a fresh decline after it failed to stay above $220 against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $204 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $205 zone. Solana Price Dips Again Solana price struggled to clear the…

After a lackluster 2024, Ethereum has started 2025 with a bang, surging over 13% since the year began. This impressive performance has reignited optimism among investors who are anticipating a bullish year for ETH and the broader altcoin market. Ethereum’s early strength has raised the critical question: Can it outperform Bitcoin in this post-halving year? Top analyst Daan recently shared insightful data highlighting ETH’s early lead over BTC, driven by positive sentiment and historical patterns of strong seasonality. In his analysis, Daan pointed out that ETH often performs well during the first quarter, particularly in post-halving years, setting the stage…

Homepage > News > Finance > Monetary Authority of Singapore pledges digital assets regulation Singapore has pulled ahead of its rivals in the race to become Asia’s digital asset hub, and the country’s financial watchdog has pledged to continue offering regulatory clarity to promote adoption. In 2024, the Monetary Authority of Singapore (MAS) issued licenses to 13 virtual asset service providers (VASPs), including exchanges Gemini, OKX, and South Korea’s Upbit, liquidity provider GSR, ‘crypto’ bank Anchorage, and custodian BitGo. In contrast, Hong Kong, one of Singapore’s biggest rival financial hubs, issued less than half this number as it continued being…

The number of active addresses on the Near Protocol has seen a significant decline, raising concerns. NEAR has now entered a critical supply zone and faces the risk of falling further as a “death cross” takes shape. After a week-long rally that delivered a 17.12% gain, Near Protocol’s [NEAR] upward momentum has started to fade. The price of the asset has been gradually declining, with a negligible rise of just 0.18% over the past 24 hours. Given the current market sentiment, NEAR appears ready to reverse its recent minimal gains, as waning interest in the asset reflects a shift toward…

Este artículo también está disponible en español. Ethereum price failed to clear the $3,750 resistance and trimmed gains. ETH is back to $3,350 and might struggle to start a fresh increase. Ethereum started a fresh decline from the $3,750 zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,675 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,450 resistance level. Ethereum Price Dips Over 8% Ethereum price remained stable above…

XRP price failed to surpass $2.50 and corrected some gains. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance. XRP price is struggling to gain pace for a move above the $2.40 zone. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $2.390 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 Dips Below $2.32 XRP price failed to…

Este artículo también está disponible en español. Ethereum is trading below last year’s highs as investors eagerly await a breakout to confirm the start of the anticipated Altseason. While ETH’s price action has been subdued, traders remain optimistic about its potential to perform exceptionally well in 2025, given its historical cycles and the market’s overall bullish sentiment. Related Reading Top analyst Carl Runefelt recently shared a technical analysis on X, highlighting that ETH is currently trading within an ascending channel. This pattern suggests a possibility of a short-term pullback before Ethereum gains momentum for its next upward leg. Runefelt’s analysis…