Author: Yeek.io

On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new post on X, the on-chain analytics firm Santiment discussed the trend in the Exchange Flow Balance for Tether’s USDT. The “Exchange Flow Balance” here refers to an indicator that keeps track of the net amount of a given asset entering or exiting the wallets associated with centralized exchanges. When the value of this metric is positive, it means the inflows outweigh the outflows,…

The Ethereum market has recently seen a notable shift, with significant outflows from centralized exchanges sparking discussions about the near term trajectory of the cryptocurrency. Amid this, Ethereum has recorded a 2.4% decrease in the past 24 hours with a current trading price of $3,858, marking a 21.1% decrease away from its all-time high of $4,878 seen in 2021. Ethereum Withdrawals from Binance Surpass 7.8 Million ETH Data from CryptoQuant reveals that approximately 20.8 million ETH have been withdrawn from centralized exchanges in the past two months, a trend reminiscent of the 2021 bull market. Binance has played a central…

Quick take: The company is building an EVM-compatible modular layer-1 blockchain focused on Real World Asset Finance (RWAfi). The protocol currently powers over 180 products managing over $4 billion in assets, Plume said in a press release on Wednesday. The platform allows users to easily swap, trade, and speculate on real-world assets just as easily as they can when interacting with crypto native assets. Plume Network has raised $20 million in a Series A round backed by Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, Hashkey, Nomura’s Laser Digital, and others. Describing some of the use cases the…

Hong Kong is solidifying its position as a global digital asset hub by granting licenses to four new cryptocurrency exchanges. Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology are the latest platforms to receive regulatory approval from the Securities and Futures Commission (SFC), bringing the total number of licensed virtual asset trading platforms (VATPs) in the city to seven. These approvals, announced amidst a significant surge in Bitcoin’s price, reflect Hong Kong’s commitment to bolstering its competitiveness in the digital asset space, and signal a strategic approach to balance innovation with investor protection. The…

Nigeria’s Federal Inland Revenue Service (FIRS) recently hinted at introducing new regulations to tax cryptocurrency transactions. It claimed the bill is part of its drive to build a trustworthy, data-driven tax system aligned with Nigeria’s economic objectives.  The new crypto tax bill, which was expected to be introduced in the country’s legislative chambers in September 2024, is expected to lay the groundwork to help modernize the nation’s tax system and address the rapid growth of the cryptocurrency market. Nigeria has been a global leader in cryptocurrency adoption, particularly among developing nations. It is one of the largest crypto markets globally,…

Table of content Introduction Comparison: Old ways Vs AI powered healthcare Key commercial applications & players in Healthcare AI Government initiatives & Investment for AI adoption Emerging startups in healthcare AI Funding trends 2023 vs 2024 Key Insights Predictions for 2025 Conclusions The application of artificial intelligence (AI) in healthcare is not just a technological evolution—it is a profound leap that challenges traditional paradigms of diagnosis, treatment, and drug development. This transformation is akin to moving from horse-drawn carriages to space travel, marking a new era in medicine where machines learn, adapt, and assist in ways previously confined to the…

A popular crypto analyst thinks that Ethereum (ETH) is on the verge of printing a massive breakout rally also known as a god candle. Pseudonymous analyst Inmortal tells his 221,100 followers on the social media platform X that Ethereum’s two-hour chart looks similar to Bitcoin’s (BTC) price action over the last two weeks. The analyst says that while Ethereum struggles to clear resistance at $4,000, he notes that BTC also had trouble breaching $100,000 for weeks before surging to new all-time highs. “Same price action, but with one difference. God candle after the breakout. ETH.” Source: Inmortal/X Based on the…

The recent XRP price action has been highlighted by another notable surge that saw it reaching just above $2.7 briefly again after a 9% surge on December 17. Although the XRP price was rejected immediately after reaching this level, it continues to exhibit bullish momentum on the daily timeframe chart. Interestingly, popular crypto analyst and XRP advocate Dark Defender recently shared his insights on X, highlighting key price levels that could pave the way for an XRP price surge to $5.85. Breakout Confirmed As XRP Price Hits $2.72 Dark Defender, known for his consistent bullish stance on XRP even during…

The exchange explained that its decision aims to improve market quality. Binance regularly reviews trading pairs, considering factors like project team commitment, development activity, and network stability. Binance will remove tokens that fail to meet certain liquidity and volume requirements.The impacted trading pairs are:Once delisted, the token values will no longer show in users’ wallets. Deposits for these tokens will be disabled 24 hours after the delisting. They have until February 25, 2025, to withdraw them from Binance.The AKRO, BLZ, and WRX prices fell in a range of 11% to 48% after the announcement. Such reactions are common after delisting…

The Sepolia testnet will undergo a post-merge execution layer (EL) upgrade at block 1735371, expected on August 17, 2022The upgrade will cause EL clients on the network to disconnect from peers which have not transitioned to proof-of-stake. It does not add additional functionality beyond this.Sepolia node operators must upgrade their execution layer client prior to block 1735371.A similar upgrade is expected on Goerli and the Ethereum mainnet once these networks have transitioned to proof-of-stake Background In order to maintain a healthy peer list, nodes on Ethereum’s execution layer will automatically disconnect peers who do not have the same upgrade sequence…