Author: Yeek.io

BONK price has jumped over 60% in the past week on a wave of bullish catalysts, potentially eyeing $0.000040. Bonk (BONK) price has recently broken out of a months-long descending channel, entering a strong upward trend with consecutive green daily candles since the breakout on July 2. The memecoin reached an intraday peak of $0.000024 today, now testing a significant resistance zone that aligns with the previous local high from early May. Since breaking above the descending trendline at around $0.000015, BONK has rallied over 60%. The rally appears to be driven by bullish developments around token burns and ecosystem…

The meme coin market is seeing diverging trends, with Floki maintaining recent gains, Fartcoin slipping after a strong run, and Shiba Inu showing weaker momentum. Short-term expectations for each memecoin are being shaped by retail interest, whale behavior, and ecosystem growth, even though market activity has generally decreased for the majority of altcoins.  Fartcoin (FARTCOIN) is trading at $1.08 at press time, down more than 8% over the last day, but its trading volume has sharply increased by 78%, reaching $247 million. This jump in activity suggests increased trading interest, though price action points to near-term pressure. On the technical…

Uptick in Shiba Inu’s burn rate is an interesting phenomenon, but it might not move its price On-chain metrics showed that network activity has been struggling to climb higher Shiba Inu [SHIB] has been trading near the lows of a 4-month range lately. In fact, the $0.000011-level had been established as a support level in the second week of March, after a relentless downtrend from December. This drawdown measured 67% from December’s high to March’s low. While it sounded devastating, a majority of the altcoin and memecoin market saw similar price drops in 2025. Source: Shibburn Could this be about…

Cryptocurrency exchange Gate.io has quietly removed a previously visible token sale page for Pump.fun, the Solana-based memecoin platform known for its frictionless token launches. On July 7, crypto community members on X circulated screenshots of a Gate.io page advertising a sale for Pump.fun’s native token, PUMP, scheduled to begin on July 12. The page detailed a 72-hour initial exchange offering, pricing 150 billion tokens at $0.004 each, implying a raise of $600 million and a fully diluted valuation of $4 billion. https://twitter.com/wublockchain/status/1942363254556352886?s=46&t=nznXkss3debX8JIhNzHmzw The token sale, if accurate, would mark Pump.fun’s first official public fundraising round. However, the exchange has since…

Bit Digital has officially pivoted to a fully Ethereum-based treasury strategy, dumping its remaining Bitcoin holdings in favor of the world’s second-largest cryptocurrency. According to a press release on July 7, the Nasdaq-listed company has sold about 280 Bitcoin (BTC) and now has about 100,603 Ethereum (ETH), making it one of the biggest institutional Ethereum holders in the world. The strategic pivot follows Bit Digital’s $172 million public offering in June, the proceeds of which were used exclusively to purchase Ethereum. The company already held 24,434 ETH as of March 31, 2025. With its recent acquisitions, it has now quadrupled…

The weekly timeframe showed a bearish structure, and $0.000026 must be flipped to support to change this. The high demand for BONK meant that a move beyond the May high was possible later this month. Bonk [BONK] has seen increased demand and strong bullish sentiment in recent days. Coinalyze data revealed that the memecoin saw a 4% price hike over the past 24 hours, but an 8% increase in Open Interest. The speculative activity was another market of bullish strength. The price movement of Bitcoin [BTC] was likely to affect the altcoin market, including the memecoin sector. A drop below…

Ethereum is currently trading at a critical resistance zone. A potential harmonic pattern is forming that could signal a deeper pullback before a major bullish continuation unfolds. Ethereum’s (ETH) price action has reached a pivotal point, with the asset now trading at a high time frame resistance level of $2,590. This zone is technically significant, as it aligns with the 0.618 Fibonacci retracement and the midpoint of the active Fibonacci-based price channel. While bullish momentum remains intact, this region could act as a short-term ceiling, potentially triggering a corrective move that sets the stage for a larger breakout. Three key…

As the cryptocurrency market evolves, artificial intelligence (AI) is becoming an increasingly dominant force in shaping trading strategies. From high-frequency AI trading bots to algorithmic crypto trading systems that scan thousands of data points in milliseconds, AI is transforming how trades are executed and who (or what) profits. But is AI the future of crypto, enhancing the market, or a disruptive force endangering its stability?The Rise of AI-Powered Trading BotsAI crypto trading has surged in popularity, particularly within the crypto space, where 24/7 markets and extreme volatility create ideal conditions for automation. AI trading bots can analyze vast datasets, identify…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A crypto analyst stated that Ethereum continues to show resilience on the daily timeframe as of July 7. After a period of consolidation, ETH is holding above the key support level and maintaining its higher-low structure, and if ETH defends its current range, the path toward higher targets will remain intact. Ethereum Holds Above Key Support Zone In an X post, Believer pointed out that ETH has reclaimed key Fibonacci support at $2,572 and is now grinding higher toward the resistance level. The immediate focus is on…

Cryptocurrency has evolved from a niche interest to a significant player in the global financial landscape. With this growth, tax authorities worldwide are intensifying efforts to regulate and monitor digital asset transactions. Navigating crypto taxes in 2025 is more complex than ever, with new reporting requirements and stricter enforcement measures in place.​In the United States, the Internal Revenue Service (IRS) now mandates that cryptocurrency brokers and payment processors report user transactions. One of the key changes in tax rules for crypto in 2025 is the introduction of Form 1099-DA, designed to help taxpayers accurately report their digital asset activities.Globally, countries…