Author: Yeek.io

Key Takeaways MemeCore dropped 27% on the 15th of July, testing a critical $0.39 support. While Funding Rates and Long/Short Ratio favor bulls, on-chain data shows outflows and distribution, hinting that the trend may soon flip. After a sensational 107% rally over the past week, MemeCore [M] showed its first signs of fatigue on the 15th of July. The memecoin dropped by 27% in 24 hours, at press time, bringing it to a critical juncture. It traded at a support zone that could determine whether a rebound is possible or if recent gains will be wiped out. MemeCore hanging by…

The crypto market slid lower on July 16 as rising U.S. inflation data dampened expectations of a Federal Reserve rate cut, while some investors locked in profits following recent gains. According to data from CoinGecko, the total crypto market capitalization fell to $3.78 trillion, down from around $3.91 trillion over the past 24 hours. Bitcoin (BTC) dropped from around $120,000 yesterday to a low of $116,000 earlier today. Ethereum (ETH) also slid below the $3,000 mark, while XRP (XRP) fell 5% from $3.02 to $2.78. Dogecoin (DOGE) took the biggest hit among major coins, tumbling 8%. Toncoin (TON), Litecoin (LTC),…

Aave is trading near a key resistance level after steady gains in recent weeks as on-chain metrics surge. At press time, Aave (AAVE) is priced at $329, up 6% over the past 24 hours and 18% over the last month. Despite this momentum, the token still trades about 50% below its all-time high of $661 set back in 2021. The recent price recovery has been supported by rising activity across the protocol. According to data from DefiLlama, Aave’s total value locked has now crossed the $30 billion mark for the first time, up nearly 57% from about $19 billion at…

Key Takeaways PENGU surged 14% as long interest and Funding Rates spiked. Can $0.015 hold as a new base for Pudgy Penguins? In a market drowning in red, Pudgy Penguins [PENGU] defied gravity, climbing 14% in 24 hours, at press time. While many might be quick to dismiss it as meme-driven noise, several underlying data points suggest that this could be more than just a fleeting spike. Longs pile showing buyers are committed One of the more telling signs of strength is PENGU’s Funding Rate, which has climbed above its weekly average. In simpler terms, traders are paying a premium…

Cantor Fitzgerald is reportedly in talks with Adam Back co-founded blockchain company Blockstream, to acquire over $3 billion in Bitcoin through a SPAC deal. According to multiple news reports citing unnamed sources, Blockstream is expected to contribute up to 30,000 Bitcoin to Cantor Equity Partners 1, a special purpose acquisition company (SPAC) that raised $200 million in January. In return, Blockstream would receive shares in the Cantor-backed vehicle, which is set to be renamed BSTR Holdings. Notably, the deal is close to finality and could be signed by the end of this week, although sources say terms are still subject…

The native token of Solana-based meme coin platform Pump.fun surged nearly 20% on July 16, briefly reaching a new all-time high following the launch of a large-scale buyback campaign. After reaching a high of $0.00681, PUMP is trading at about $0.0063 at the time of writing, up about 14% on the 24-hour timeframe. The rally was driven by news that Pump.fun has begun buying back tokens using platform-generated fee revenue. According to on-chain data shared by Lookonchain, the platform allocated 187,770 Solana (SOL), worth about $30.6 million, from its fee reserves to fund the buyback. So far, 118,351 SOL, about…

As the crypto market continues its upward trajectory – with total market capitalization briefly surpassing $3.8 trillion yesterday – institutional interest in Ethereum (ETH) has grown increasingly evident. A growing number of corporations are now accumulating ETH at an unprecedented pace. Ethereum Demand Showing No Signs Of Exhaustion According to an X post by crypto entrepreneur Kyle Reidhead, current demand for ETH has been “insane.” Specifically, ten Ethereum treasury firms have collectively accumulated more than 550,000 ETH – worth approximately $1.65 billion – over the past 30 days. Reidhead emphasized that this momentum is accelerating, with no signs of slowing.…

Stablecoins have evolved from a niche innovation to a critical pillar of the digital asset economy, bridging the gap between blockchain technology and traditional finance. Today, this sector boasts a total market capitalization of over $241 billion.No longer just a side note in the crypto world, stablecoins now form a foundational layer for global financial infrastructure, supporting a wide range of use cases, from cross-border payments and decentralized finance (DeFi) to remittances and institutional treasury management. This growth underscores their rising importance, with some experts even predicting a “ChatGPT moment” for blockchain, potentially pushing the stablecoin market to a staggering…

As the crypto world evolves, the race between crypto mining and crypto staking continues to intensify. These two validation mechanisms underpin some of the largest blockchain networks in existence. But as concerns around energy, decentralization, and ROI grow, one big question looms: What’s the difference between staking and mining? And more importantly, is staking more profitable than mining?Let’s break down the difference between crypto mining vs. staking, analyze their environmental and economic impact, and explore which one is set to thrive in the years ahead.The Basics: What Is Mining vs. Staking?Mining and staking are two methods used to validate transactions…

Jim Chalmers, Australia’s current Treasurer and a key figure during the Global Financial Crisis (GFC), has issued a stark warning: “If crypto is allowed to play a prominent role in our financial system, we will be counting entirely on luck to avoid a future disaster.” His comments reflect growing concern that the integration of cryptocurrencies into the mainstream financial system, especially under shifting global policies like those expected from a second Trump presidency, could expose Australia to the systemic risks it avoided during the GFC. With rising crypto collateralization, expanding institutional exposure, and opaque stablecoin structures, is Australia’s financial system sleepwalking into…