Author: Yeek.io

Stablecoins are booming, and one cryptocurrency could quietly become the foundation of a new dollar-based economy, analysts at Electric Capital say. Despite widespread talk about “de-dollarization,” the global thirst for U.S. dollars is far from disappearing. In fact, it’s reaching new heights. Behind the scenes, a powerful shift is underway: billions of people and countless businesses worldwide are finding fresh ways to access dollars, not through banks or traditional finance, but via stablecoins. As Electric Capital, a crypto investment firm and research organization, noted in a recent report, the shift is creating the biggest expansion of the dollar’s network in…

Italian luxury brand Dolce & Gabbana has secured a crucial win in a class-action lawsuit that alleges the brand failed to deliver promised benefits tied to its $25 million DGFamily NFT project. Court documents published on July 11 reveal that a New York federal judge has dismissed the case against Dolce & Gabbana USA Inc., the only US-based defendant in the suit, effectively weakening the broader action brought by plaintiff Luke Brown. The court found insufficient grounds to hold the American subsidiary liable for the alleged actions of its Italian parent company. The lawsuit, originally filed in May 2024 and…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Web3 is hurtling toward a cliff edge and pretending the road ahead is straight. The industry’s working assumption that quantum computers are decades away from breaking crypto was shattered this year. Warning one: Microsoft reveals its topological-qubit chip that finally solves the stability problem and puts fault-tolerant hardware on a visible timeline. Warning two: Google’s 105-qubit Willow processor shows an hour-long error-corrected operation, orders of magnitude better than 2024’s record. Warning three: Chinese researchers published peer-reviewed results…

Solana appears poised for a bullish breakout to $2,700 if it breaks above the neckline of a major cup and handle pattern, according to an analyst. In a July 12 post on X, pseudonymous crypto analyst Martinez, who has over 140,000 followers, identified a long-term cup-and-handle formation that has been taking shape since mid-2021. The pattern, widely regarded as a bullish continuation signal, features a rounded bottom (the “cup”) followed by a brief consolidation (the “handle”) and typically precedes a breakout above the neckline, the level of horizontal resistance defined by the cup’s rim. Source: X/ali_charts According to the shared…

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…