Author: Yeek.io

Bank of England governor and cryptocurrency skeptic Andrew Bailey has advised banks to avoid issuing stablecoins. According to Bailey, stablecoins pose systemic risks to financial stability and threaten the very nature of money if not properly regulated. He warned that stablecoins lack the protections and guarantees offered by traditional bank deposits and could remove money from the regulated banking system, undermining credit creation and monetary control. Plans by some of the world’s largest investment banks to issue their own stablecoins have raised particular concern for Bailey, as he shared during an interview with The Sunday Times. “Stablecoins are proposed to…

Key Takeaways BONK’s 70% rally mirrors Bonk.fun’s fee surge and token buybacks. Can long-term conviction and exchange outflows push the Solana meme beyond its April ceiling? Bonk [BONK] has stunned the market with a 70% price jump over the past 10 sessions, outshining majors like Bitcoin and Dogecoin. But what’s fueling this Solana-based meme coin’s momentum—and can it last? Why is the BONK price rising? This remarkable price uptick was potentially driven by a recent shift in overall market sentiment, a breakout above the descending trendline, and most importantly, the explosive growth of the Bonk.fun launchpad. Over the past week,…

Key Takeaways Fartcoin’s rally is fueled by whale accumulation, a cup-and-handle breakout, rising Funding Rates, and spot buyer dominance. A mild short bias could trigger a squeeze if bulls reclaim $1.43 with conviction. Fartcoin [FARTCOIN] has drawn whale attention after a major investor withdrew $2 million USDT from Binance and accumulated 1.56 million FARTCOIN at an average of $1.28. This aggressive buy action occurred just as the memecoin began breaking a descending channel. Such whale entries often precede major price movements, especially when aligned with key technical breakouts.  The move adds a strong bullish undertone to FARTCOIN’s short-term market structure, setting…

The Solana-based crypto launchpad Pump.fun is the biggest contributor to the memecoin craze. Since its peak at $7 million, Pump.fun’s revenue dropped by 92%. The recent ICO was planned as a three-day event, but all the tokens were sold out in 12 minutes, despite risk warnings from the media. What’s behind the most hype ICO of this summer? A ‘One Last Exit Pump’ narrative The ICO acronym has some negative connotations. ICOs did pump the market in 2017, but too many altcoins turned out to be worthless. Although observers speculate ICOs are making a comeback, some in the crypto community…

Cryptocurrency prices experienced a strong performance last week, with Bitcoin surging to a record high and the Fear and Greed Index entering the greed zone at 67.  These assets are likely to remain volatile this week as the US publishes its consumer price index data and the earnings season begins. U.S. politicians will also have the Crypto Week, where they will focus on the GENIUS Act, CLARITY Act, and an anti-CBDC bill.  The top cryptocurrencies to watch this week will be Trump Coin (TRUMP), ApeCoin (APE), and Arbitrum (ARB). Trump Coin token The Official Trump meme coin has crashed by…

In the world of crypto investing, understanding the difference between a bull market and a bear market is crucial. A bull market is characterised by rising prices, investor optimism, and a general sense that the market will continue to grow. Conversely, a bear market features declining prices, widespread pessimism, and often signals a prolonged downturn. These cycles are natural in any financial market, but in crypto, where volatility is high, they can be particularly extreme and fast-moving.For both investors and traders, identifying whether the market is entering a bull or bear phase early can make the difference between profit and…

Crypto markets move fast, and the difference between profit and loss often comes down to timing. Some investors, known as “smart money,” consistently make strategic moves by buying before prices surge and selling before downturns.  These well-connected, experienced traders, often referred to as “smart money,” have a history of making strategic, high-value investments that shape market trends. These players often have access to advanced tools and capital, allowing them to influence market trends ahead of the general public.For retail traders, tracking smart money in crypto is a powerful strategy. By observing where seasoned investors place their bets, traders can spot emerging…

The price of HBAR, the native cryptocurrency of Hedera Hashgraph, rose for six consecutive days, reaching its highest level since May 8 as the crypto market rally intensified and its decentralized finance network improved. Hedera Hashgraph (HBAR) token jumped to a high of $0.2285, its highest level since March 27. It has soared by 80% from its lowest point in June, mirroring the performance of most altcoins.  The HBAR price also jumped as the total value locked in the ecosystem continued to soar. The network has over $215 million in assets, up from the year-to-date low of $151 million. Some…

The global crypto industry is evolving fast, driven by new technologies, growing interest from institutions, and changing regulations. While the U.S. has long played a key role in shaping the direction of digital assets, there’s an ongoing debate about whether its leadership is still crucial for crypto to succeed on a global scale.Scott Bessent, a key figure in U.S. economic policy, has argued that the U.S. leadership in crypto must continue, especially when it comes to stablecoins and other digital assets, to maintain global dominance and regulatory unity. However, many in the crypto community disagree, pointing out that blockchain’s decentralized…

Key Takeaways Pump.fun concluded its public token sale on the 12th of July, 12 minutes after it began. The community had mixed reactions to the entire event, some calling it revolutionary while others termed is as a grift.  Memecoin creation platform Pump.fun [PUMP] completed a $500 million public token sale on the 12th of July. The 150 billion token sale was set to run for 72 hours on Pump.fun and six centralized exchanges, but everything was sold out in under an hour. A post on X read, “the $PUMP public sale has now ended. we are delighted to reveal that…