Author: Yeek.io

The recent crypto market pullback hasn’t fazed Ethereum. The second-largest crypto asset has bounced back strongly and now looks primed for more upside. Ethereum (ETH) has reclaimed the $3,100 level for the first time since February, after gaining nearly 7% in the past 24 hours. At the time of writing, the asset trades around $3,153, making it one of the day’s top-performing assets. Ethereum’s price chart | Source: crypto.news The rebound marks a strong recovery from its earlier dip to $2,965 just days ago amid a broader post-rally slide that triggered losses across the board. It also represents a 21%…

GameStop, the American video game retailer, will consider accepting cryptocurrencies as payment for trading card purchases, according to the company’s CEO, Ryan Cohen. During his latest appearance on CNBC’s Squawk Box, Cohen said the company is exploring the use of crypto for payments in its collectibles segment, particularly for trading cards. “There’s an opportunity to buy trading cards and to do so using cryptocurrency,” he said, adding, “We’ll see how much there is on the actual demand side for that kind of product.” While GameStop has not yet selected any specific cryptocurrency, Cohen said the company is open to evaluating all…

Key Takeaways TRUMP’s 40 million token unlock mirrors April’s breakout setup, which triggered an 80% weekly rally off cycle lows. With two catalysts fueling momentum, is a $17 breakout next? Token unlocks are a double-edged sword in the crypto market. And Official Trump [TRUMP] is a case in point. Even with solid tokenomics on paper, the memecoin has been stuck in a sideways chop for over two months, repeatedly failing to break above the $14 ceiling. In such a climate, the addition of another 40 million TRUMP tokens might appear to threaten the $9 support level. But this time, according…

Cardano price has formed a double bottom pattern, potentially paving the way for an eventual recovery back above $1 in the weeks ahead, backed by bullish developments and on-chain strength. According to data from crypto.news, Cardano (ADA) rose to an intraday high of $0.74, up 25.5% in the last 7 days and 42% from its year-to-date low. As of press time, it held 3.9% gains over the past 24 hours with a market cap of $27 billion. ADA price gained traction today after Emurgo, one of Cardano’s founding teams, announced the launch of the Cardano Card, a new multi-functional payment…

Ethereum, the second-largest crypto asset, has been in a strong uptrend over the past week, rallying alongside the broader market. While much of the uptick has been tied to positive investor sentiment and favorable U.S. regulatory outlook, new data points to another key driver. According to a July 16 Matrixport report, nearly all of Ethereum’s recent upside is being driven by Asia-based traders. Out of the 20% ETH (ETH) has gained over the past month, 17 percent of that occurred during Asian trading hours. Ethereum’s demand by trading region | Source: Matrixport The data suggests that momentum in the asset’s price…

PayPal co-founder Peter Thiel recently bought a 9.1% stake in Fundstrat’s Ethereum Treasury company, Bitmine Immersion Technologies, according to a recent SEC filing. The filed SEC document revealed that Peter Thiel has acquired 9.1% of the total shares to BMNR. BMNR is the trading stock of BitMine Immersion Technologies, a crypto mining firm led by founder and CIO of Fundstrat Tom Lee. As of July 16, Peter Thiel now has shared voting power as well as shared dispositive power equal to the number of shares he holds, which is more than 5.09 million BMNR stocks. Peter Thiel joins a list…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For most of its history, decentralized finance and traditional finance have been at odds. Positioned as opposing forces, one claimed transparency, permissionless access, and composability, while the other relied on regulation, scale, and institutional trust.  But the confluence of finance and technology has never been a zero-sum game. The convergence is already underway. Institutional giants like BlackRock are experimenting with tokenized funds on public blockchains, while regulators across Asia and Europe are building policy frameworks for the…

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…