Author: Yeek.io

Brazil is taxing cryptocurrency profits at a flat rate, having scrapped the monthly exemption previously granted to small-scale investors. Starting June 12, a 17.5% capital gains tax applies to all crypto transactions, regardless of the value or volume, as part of Provisional Measure 1303, introduced by the federal government to increase revenue from financial market activities. Under the new regulations, taxation applies to crypto assets held in self-custody wallets and digital assets stored overseas. Brazilian investors must now declare all gains quarterly, with the ability to offset losses from the previous five quarters. However, this offset window will be reduced…

Memecoins PENGU, BONK, and POPCAT are all setting up for a potential leg higher, having recently pulled back to key support zones and now showing early signs of momentum shift. Pudgy Penguins (PENGU) price recently bounced from a confluence support zone, formed by the rising trendline and a horizontal support range around $0.0088–$0.0090. Momentum indicators are showing early signs of a potential reversal, with a bullish divergence on the RSI and flattening MACD histogram with the signal lines nearing a potential bullish crossover. However, PENGU price remains below the 20-day EMA and 50-day SMA, and the broader downtrend from May…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With the Ethereum price still trending low at $2,500, there is a lot of uncertainty surrounding the altcoin and where it could be headed. Mostly, expectations have fallen into the negative territory, with many predicting that it will continue its decline from here. However, there are some who continue to hold out hope for the second-largest cryptocurrency by market cap to end up outperforming the likes of Bitcoin, and reaching the 5-figure territory this year. Crypto Analyst Puts Ethereum Price At $10,000 Amid the prevalent bearish sentiment…

Cardano may be nearing a bullish reversal as it forms a falling wedge pattern on the daily chart, a structure commonly associated with trend reversals. According to data from crypto.news, Cardano (ADA) was priced at $0.6404 with a market cap of $23.12 billion as of press time. At its present price, the token is down 15% over the past 30 days and remains 44% below its year-to-date highs. Cardano earlier hit its 2025 high on March 3, when it surged 75% within a single day, largely driven by its inclusion in U.S. President Donald Trump’s proposed crypto strategic reserve, announced…

The AI world has a new player that’s making waves. DeepSeek has released an updated version of their popular R1 model, called DeepSeek R1-0528. This new model promises to deliver premium AI performance without the hefty price tag that comes with other top-tier models. What Makes DeepSeek R1-0528 Special? DeepSeek R1-0528 builds on the success of the original DeepSeek R1 model. The company trained this new version on a massive dataset of 671 billion tokens, which helps it understand and respond to complex questions better than before. The model keeps the open-source approach that made DeepSeek popular. This means developers…

Ethereum is showing fresh signs of strength as more big investors enter the market.  The second-largest cryptocurrency by value is trading at $2,575, up 1.5% in the past 24 hours. Over the last week, its price has moved between $2,473 and $2,869, during a time when global markets have been uneasy due to the ongoing conflict between Israel and Iran. Trading activity around Ethereum (ETH) has picked up sharply. In the past day, daily spot trading volume rose over 32% to $14.27 billion. At the same time, data from Coinglass shows that futures trading volume is up 26.46% to $53.09…

Ethereum co-founder and Consensys founder Joseph Lubin predicts Wall Street will soon make its foray into DeFi and crypto amidst the recent spike in institutional demand for BTC and ETH. In a recent post, Lubin highlighted the increasing demand for Bitcoin (BTC) and Ethereum (ETH) coming from institutional investors. He believes that the spike in corporations that stock up on ETH and BTC by adopting a digital asset treasury strategy is a big indicator that the financial system is shifting to DeFi. Therefore, he predicts that Wall Street will soon dive into decentralized protocols and digital assets as more and…

Dogecoin was deep in a retracement phase and could see further losses in the coming weeks Accumulation and undervalued signals from on-chain metrics meant investors might want to buy more DOGE Dogecoin [DOGE] continued to suffer as the cryptocurrency market attempted to stabilize after the tumultuous end to the previous week. For its part, Bitcoin [BTC] established a pattern of experiencing a significant drop on Thursday or Friday, ranging over the weekend, and then beginning to recover on Monday, since 23 May. After three weeks of the same pattern, Monday might bring more of the same. If that is the…

Hyperliquid jumped by 330% from its lowest level in April and could be on the verge of more gains after crossing a key $2 billion milestone. Hyperliquid’s (HYPE) price was trading at $40.4 on Sunday, June 15, a few points below the all-time high of $43.96. Its market capitalization has moved to $13 billion, while its fully diluted valuation rose to $40.75 billion. DeFi Llama data shows that the total value locked of Hyperliquid’s layer-1 chain has jumped to $2.01 billion after soaring by 70% in the last 30 days. This growth makes it the 11th biggest chain in the…

What is the problem with Web3? Web3 was supposed to be the next great leap after the mobile era—a decentralized digital revolution where users would own their data, bypass middlemen, and participate directly in the financial and creative systems of the internet. For a while, it felt like we were on the right track. DeFi protocols were booming, millions were onboarding into crypto, and the dream of an open, user-governed web seemed within reach. But somewhere along the way, the revolution derailed. The innovations at the heart of crypto and DeFi were suffocated by hype, bad design, centralizing forces, and…