Author: Yeek.io

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,…

Key Takeaways PEPE’s holder count hit a record 472,158 despite an 18% weekly drop. DOGE’s stronger whale concentration and broader adoption position it technically and fundamentally better. Speculative appetite is heating up again. Memecoins are up nearly 4% in the last 24 hours, with inflows topping $5 billion in just two days. This pushed the total memecoin market cap to $65 billion, reviving risk-on sentiment. Dogecoin [DOGE] led the charge, tagging the $0.20 handle after a 3.51% bounce. It’s a notable recovery after two weeks of distribution, where DOGE shed 30% from the $0.27 local top. Meanwhile, Pepe [PEPE] has…

BitMine Immersion is executing one of crypto’s most aggressive accumulation plays, amassing 833,137 ETH worth $2.9 billion in just five weeks. The staggering haul now positions the firm as the single largest corporate holder of Ethereum worldwide. Summary BitMine Immersion has become the world’s largest corporate holder of Ethereum, acquiring 833,137 ETH worth $2.9B in just 35 days. Trading volume in BitMine stock has surged to rival major equities, signaling strong institutional belief in its Ethereum-centric pivot. In a press release dated August 4, BitMine Immersion Technologies announced its Ethereum (ETH) treasury had ballooned to 833,137 ETH, surpassing all other…

Cardano community members have approved a $71 million funding proposal to support a year-long upgrade plan by core developer Input Output Engineering. Summary Cardano community has approved a $71 million proposal to fund a 12-month upgrade plan led by Input Output Engineering. The 96 million ADA will be disbursed from the treasury on a milestone basis with oversight from Intersect. According to data from Cardano network explorer AdaStat, the proposal passed with 74% support, securing 200 votes in favor, six against, and seven abstentions.  The funding will be disbursed from the network’s on-chain treasury, marking the first time that core…

Keeta crypto rallied as high as 13.5% today, as the project gained increased visibility following a donation to a clean water initiative associated with YouTuber MrBeast. Summary Keeta reached an intraday high of $1.09 on August 4 after rallying over 13%. The project is set to be listed on Kraken. KTA price has partially recovered from a June sell-off. According to data from crypto.news, Keeta (KTA) reached an intraday high of $1.09 on Monday, Aug. 4, before stabilizing near $1.06 at the time of writing. The token is now up 73% over the last 30 days, with its market capitalization…