Author: Yeek.io

The asset risks losing its current support level within the bullish pattern it is trading in, potentially leading to a deeper correction. Metrics reveal active participation from both long and short traders, but with a clear direction. dogwifhat [WIF] has been predominantly bearish, with a monthly market performance of -43.11%. However, there are signs that the downtrend may pause in the coming trading sessions. Before any rally materializes, WIF is likely to experience an additional price drop from its current level. The recent 14.69% decline over the past 24 hours may extend further. WIF remains bullish but risks a short-term…

Binance founder Changpeng Zhao has triggered a discussion about cryptocurrency adoption in the UAE after sharing claims about the nation’s Bitcoin holdings. In a recent X tweet, Zhao shared an article claiming the United Arab Emirates holds $40 billion in Bitcoin (BTC). The figure immediately drew attention from industry observers, particularly crypto lawyer Irina Heaver. Heaver challenged the article’s credibility, suggesting it appeared to be AI-generated content lacking evidence for its claims. Responding to the skepticism, Zhao acknowledged the uncertainty surrounding the specific figure, noting, “I also wondered how they came up with the exact number; it’s challenging to collect.”…

Este artículo también está disponible en español. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, recently experienced a significant price correction, dropping below $3,100 for the first time in 29 days. This marks a notable shift from its peak performance in December, when it reached this year’s high of $4,106 on December 16. However, the all-time high for ETH, set at $4,877 on November 8, 2021, remains unbroken. Since reaching that high, Ethereum has been forming lower highs and lower lows, indicating bearish momentum in the market. Ethereum Market Sentiment And Support Levels The year 2024 has been tumultuous for…

Amid a general crypto market price fall in the past week, Ethereum (ETH) recorded a price correction of over 19.5% finding support at a local bottom of $3,100.  Since then, the prominent altcoin has only shown slight resilience rising by over 5% in the past two days. However, recent data on wallet activity provides much cause to be bullish on Ethereum’s long-term future. Ethereum HODL Addresses Increase Supply Dominance To 16% In a recent QuickTake post, CryptoQuant analyst MAC_D shared some positive insights on the Ethereum market.  The crypto market expert reports that the balance of Ethereum Accumulation Addresses has…

Federal Reserve and Bitcoin: No Interest in Stockpiling Federal Reserve Chair Jerome Powell clarified that the U.S. central bank has no intention of stockpiling bitcoin. During a press conference following the latest policy meeting, Powell stated that the Fed is not allowed to own bitcoin. He made it clear that this issue is something for Congress to address, not for the Fed. This marks a firm stance against the idea of the U.S. government accumulating large amounts of bitcoin, particularly in the context of a potential government-backed Bitcoin reserve. The idea of a “Strategic Bitcoin Reserve” has gained traction since…

Another savvy investor has bought Unicorn Fart Dust (UFD) tokens, a meme coin that was launched three days ago. The purchase shows that UFD has huge support from the crypto community. Onchain Lens spotted a whale who had accumulated massive amounts of UFD tokens in the last 48 hours. According to the on-chain metrics tracker, the trader spent 9,422 Solana tokens (worth $1.79 million) and 2.53 million First Convicted Raccon (FRED) tokens (worth $6,740) to buy 13.98 million UFD tokens. As per the blockchain analytics platform, currently, the trader is enjoying an unrealized profit of $831,000. In the past 48…

In the latest insight report by blockchain analytics firm CryptoQuant, Binance presently holds the best leverage ratio as the crypto bull run prepares to take off. Despite a major general price crash in the past week, investors and market analysts remain expectant of massive gains by several digital assets over the next year in line with historical data. The leverage ratio of centralized exchanges presents a crucial factor ahead of this potentially highly bullish period that promises high market activity. Binance, OKX Present Low Leverage Ratio As Other CEXs Show Potential Liquidity Risks In the crypto market, the leverage ratio…

What’s the Game About?Captain Laserhawk: The G.A.M.E. is a top-down shooter set in the Blood Dragon universe. It stars familiar characters like Rayman, who serves as a commentator. But to play, you need to purchase an NFT. This NFT is a “Niji Warrior” card that evolves as you play, potentially increasing in value. Ubisoft suggests that you might sell it later for profit.The NFT PitchThe game’s promotions heavily focus on NFT features rather than gameplay. According to the official site, players can:Shape and transform the game world.Earn exclusive rewards with significant value.Influence the game’s plot and participate in key decisions.Despite…

Note: this post was updated on April 4, 2022 to include a full copy of the Client Incentive Program details. A diverse set of clients is key to the Ethereum network’s health and decentralization. Diversity ensures that innovation continues at the base layer of the protocol, that the network is resilient in the face of potential attacks or bugs, and that a broad set of participants are engaged in debating potential changes to core protocol. While clients provide an essential service to the network (without them, there is no network!), it has historically been difficult for them to capture value.…

Understanding how to secure your cryptocurrency is essential, especially as the digital landscape evolves and online threats grow more sophisticated. Whether you’re storing crypto on an exchange, using mobile wallets, or exploring hardware wallets, this guide will ensure you have the information you need to protect your digital assets. In this post, we’ll walk you through legal considerations, best security measures, and explore strategies like using password managers, two-factor authentication, and cold storage solutions. By the end, you’ll have easily actionable steps to keep your crypto safe, maintain peace of mind, and trade confidently in the coming year. Is Crypto…