Author: Yeek.io

Short Positions Are Shaking As Bitcoin Reaches a Record High Crypto traders who were betting on a market downturn were caught off guard as Bitcoin surged past $81,000, hitting a new all-time high and triggering substantial liquidations in short positions. The tremendous impact of Bitcoin’s quick surge was demonstrated by CoinGlass data, which showed that approximately $180 million in short-term positions were canceled in the past 12 hours alone. The surge hit traders holding short positions the hardest, particularly those betting against Bitcoin. Bitcoin short positions accounted for about $67 million in liquidations, followed by $23 million for Dogecoin and…

Spirit Blockchain Capital, a blockchain-focused investment firm publicly traded on the Canadian Securities Exchange, has announced a yield generation strategy targeting its Dogecoin holdings. The announcement follows Spirit’s recent acquisition of Dogecoin Portfolio Holdings Corp., a blockchain startup focused on Dogecoin (DOGE) and related assets. Dogecoin Portfolio Holdings operates independently of the meme coin’s core blockchain operations but manages a portfolio aimed at creating value within the Dogecoin ecosystem. Spirit Blockchain Capital’s operations include cryptocurrency investments, blockchain advisory and consulting, crypto mining, and lending. The Dogecoin initiative forms part of the company’s efforts to maximize the utility and performance of…

A new report from DWF Labs discusses how memecoins have become a major force in the digital asset landscape, highlighting the powerful intersection of social capital and financial innovation. Memecoins were once viewed as humorous offshoots of cryptocurrency. Whether inspired by a viral dog or a dead squirrel, they appeared to lack intrinsic value. However, this crypto cycle has seen memecoins emerge as a significant financial phenomenon. According to a report by DWF Labs, the market capitalization of memecoins surged from $20 billion in January 2024 to over $120 billion by December — a 500% increase. This growth reflects the…

The NFT market recorded $8.83 billion in sales for 2024, a 1.1% increase over 2023. NFTs are enabling secure, transparent authentication for real estate, luxury goods, and automobiles. The NFT market ended 2024 with a total sales volume of $8.83 billion, marking a 1.1% growth from 2023’s $8.7 billion. Despite this modest increase, the market remains far below the highs of 2021 and 2022. Ethereum [ETH] and Bitcoin [BTC] each led the market, registering $3.1 billion in sales, while Solana [SOL] followed with $1.4 billion, securing third place among blockchain platforms. Though the year reflected steady recovery, sales in 2024…

Dogecoin price remained in a tight range this week as Polymarket odds for a potential DOGE ETF declined. Dogecoin (DOGE), the largest meme coin, rose by about 6% on Dec. 2, bringing its seven-day gains to 7.5%. However, the momentum may reverse as a Polymarket poll shows that the odds of the Securities and Exchange Commission approving a spot DOGE ETF this year dropped to 26%, down from a high of 50% last week.  In contrast, Polymarket users expect that the SEC will approve a Solana (SOL) ETF later this year, with odds being at 76%. The odds of a…

Este artículo también está disponible en español. Crypto analyst Balo (@btcbalo) has highlighted a major technical breakout on the Dogecoin (DOGE/USD) chart that suggests a bullish trend in the near future. Balo’s analysis, based on a 4-hour chart, points to several key technical developments that are driving expectations of a continued upward movement of the Dogecoin price. Why Dogecoin Looks Poised To Rally A cornerstone of Balo’s assessment centers on Dogecoin’s decisive breach of a longstanding downtrend line on December 28. This downtrend line, originally established from the December 8 apex of $0.48, had served as a formidable resistance level,…

Friends, Over the last year, developers and researchers supported by Ethereum Foundation have kept their heads down and continued to produce at a staggering pace. Their focus has remained on their work, and together we’re all building a more complete Ethereum. Today, our regular all-team update series is relaunching in a changed and ever growing ecosystem. Ethereum features larger dApp, developer and user communities than ever before, the network has continued to improve, and steady progress has been made on initiatives large and small. While many teams do release their own well-rounded updates, we thought it appropriate to bring the…

Rumours of a potential airdrop involving popular Solana-based cryptocurrency wallet Phantom Wallet have been circulating on social media, causing a wave of speculation within the crypto community.Posts from influential users suggest that participating in certain activities within the wallet, such as following others with their customized usernames, might result in token rewards. However, no official confirmation or announcement has been made by Phantom Wallet.These unverified claims have led to heightened activity among users, many of whom are rushing to claim usernames and engage in follow-back campaigns. Source: PhantomWhat is a Phantom username?A Phantom username is a unique, user-friendly identity for…

A prominent Cardano whale has shared an optimistic outlook for the cryptocurrency, forecasting a new all-time high before 2026. Despite this bullish stance on Cardano, the whale’s wallet reveals significant accumulation of XRP and DTX Exchange.  This strategic diversification suggests a calculated approach to navigating the volatile crypto market, balancing confidence in Cardano’s potential with investments in other promising assets. Analysts are closely watching these moves to gauge future market trends. Unlocking a $1.5 Trillion Market: Cardano Teams Up with BitcoinOS Although Cardano’s (ADA) price is currently in a bearish trend, there are four main reasons why it could bounce…

A group cryptocurrency advocates in Switzerland has urged the government to consider the addition of Bitcoin in the national reserve. The Swiss Federal Chancellery initiated the process to gain the required number of signatures to push for the amendment of the country’s constitution to allow the Swiss National Bank to build Bitcoin holdings. Bitcoin Initiative Set In Motion Before 2024 expired, the Swiss Federal Chancellery got the ball rolling for the proposal to include cryptocurrency in the country’s balance sheet. The state-run government agency said the proposal seeks to revise certain provisions of the Swiss Federal Constitution to allow the…