Author: Yeek.io

Crypto exchange Bitpanda just posted its strongest financial year on record, more than doubling revenue as partnerships and regulated offerings drive growth. Summary Bitpanda reported €393 million, around $426 million, in 2024 revenue, up 162% from the year before. The exchange’s growth is driven by regulated product offerings, market expansion, and institutional partnerships. According to a press release shared with crypto.news, the Vienna-based crypto platform reported $426 million in operating revenue for 2024, up from the $163 million recorded the year prior.  The company said the figure marks a milestone in profitability and scalability, making 2024 its most successful year…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure BitMine Immersion Technologies announced today that its Ethereum (ETH) holdings have surged past 833,000 tokens, making it the largest ETH treasury in the world. The announcement comes amid a broader trend of corporate ETH accumulation. BitMine Becomes Largest Ethereum Treasury According to the statement, BitMine Immersion Technologies – a leading Bitcoin (BTC) mining firm – has amassed 833,137 ETH, overtaking SharpLink Gaming to become the largest corporate holder of the digital asset. BitMine’s holdings are currently valued at over $2.9 billion, based on an ETH price of…

Key Takeaways The Vine Coin price prediction was bearish for the next 24 hours and the next week. The lack of buying pressure and weak trading volume needs to change to usher in a bullish recovery. Vine Coin [VINE] saw a 21% drop in daily trading volume on Monday, the 4th of August. It was only a sign that a recovery was not underway yet. VINE saw a heavy price drop of 30% on the 2nd of August, which reinforced the token’s bearish outlook. The liquidation heatmap gave clues for where Vine Coin prices could go this week. Vine Coin…

Synthetix will begin sunsetting all remaining leveraged tokens on Optimism. This is one of the final steps in our broader shift away from Layer 2 deployments, as we refocus protocol resources on Synthetix Mainnet, the high-performance perp exchange being built on Ethereum.This shutdown follows the completed deprecations of our products on Base and Arbitrum. You can read more about those changes in L2s are Dead, Long Live Ethereum. This represents one of the two remaining steps before total retirement of L2s is complete. For perps traders on Optimism, no action is required at this time, but we encourage you to…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With the GENIUS Act now officially passed, pro-XRP attorney John Deaton has released a new report analyzing which blockchain projects, including Ripple and Ethereum, stand to gain the most. While Ripple’s Stablecoin, RLUSD, and Circle’s USDC are highlighted as potential beneficiaries of this landmark legislation, the report suggests that Ethereum is poised to be the biggest winner overall.  GENIUS Act To Favor Ethereum Over Ripple In a recently released statement on the X social media platform on July 3, Deaton weighed in on the implications of the…

Key Takeaways The Official Trump memecoin was in a severe downtrend, but has bounced higher from the $8.5 support level and could climb back above $9, initiating a recovery and a push toward the $11.5 resistance. Trump Media formally outlined its intention to launch a Truth-branded utility token. This proposed token would be part of the larger rewards program. This is integrated into a Truth digital wallet, initially allowing users to make Truth+ subscriptions. The company avoided using the term cryptocurrency, but it was strongly implied that blockchain infrastructure would be used. The US President has already received criticism regarding…

Members of France’s National Rally have championed Bitcoin mining as a way to monetize France’s surplus nuclear electricity. Summary 76 French lawmakers, led by the National Rally, have proposed a five-year Bitcoin mining pilot using surplus nuclear energy. France’s nuclear fleet produces over 70% of the country’s electricity. Lawmakers argue the initiative would reduce economic losses tied to the sale of excess electricity at low market rates. According to French media outlet Le Monde, far-right lawmakers have positioned Bitcoin mining as a practical solution to longstanding energy and economic inefficiencies, arguing that the country’s underutilized nuclear grid offers an untapped…

The Ether Machine’s latest $40 million acquisition pushes its treasury to 345,362 coins, but the real question isn’t “how much?”, it’s “what’s next?” With staking, restaking, and DeFi strategies in motion, the firm is turning its holdings into an active financial engine. Summary The Ether Machine’s treasury surpasses 345,000 ETH after a $40 million buy, now totaling $1.2 billion in ETH holdings. The firm competes with BitMine and SharpLink in a growing corporate arms race for influence over Ethereum’s capital layer In a press release dated August 4, The Ether Machine announced its subsidiary, The Ether Reserve LLC, had acquired…

HBAR price has rallied over 130% from its June low, but recent price action shows signs of weakness as a potential bearish reversal pattern begins to take shape. Summary HBAR price surged approximately 130% from a double bottom low of $0.13 on June 22 to a peak of $0.30 on July 27. Since peaking near $0.30, HBAR has pulled back to the breakout zone around $0.25 instead of making a higher low. A potential double top near $0.30 has formed, signaling increasing selling pressure at this level. If the double top pattern is confirmed by a breakdown below the $0.23…

The crypto market held steady on Monday, August 4, as investors bought the recent dip and as Bitcoin formed the highly bullish break-and-retest pattern after falling to support at $112,000. Bitcoin (BTC) price jumped to $114,300, up from the weekend low of $112,000. This rebound triggered gains among some altcoins, with MYX Finance (MYX), Treasure (MAGIC), and Stellar (XLM) being some of the top crypto gainers today. MYX Finance token rises ahead of V2 launch MYX was the top gainer in crypto today as it jumped by 131%, pushing its market cap to over $36 million. It soared to $0.2945,…