Author: Yeek.io

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto analyst Michaël van de Poppe has declared that Ethereum is getting ready for a massive move to the upside. The analyst added a caveat, noting that ETH could still drop to as low as $2,200 before the uptrend begins.  Ethereum Primed For A Massive Move To The Upside In an X post, Michaël van de Poppe stated that Ethereum is gearing up for a big move upwards against Bitcoin. He noted that ETH is constantly making higher lows, indicating that it is ready to break upwards.…

SPX has recorded a major market loss, and a further drop may still be underway. However, this decline might also be temporary — an ongoing accumulation phase. SPX6900 [SPX] has trended downward in the last 24 hours, dropping 16%. But using the 1-month chart, this drop appears to be a corrective move, especially when compared to the 106% gain recorded over the same period. Chart analysis paints a clear picture—SPX may decline further before staging a strong rally. AMBCrypto outlines how this could unfold. Why support zone could be the turning point SPX’s price action indicated that the asset had…

Quick take: The investment will go towards the launch of Eigen Labs’ new developer platform EigenCloud. EigenCloud is a unified verifiable programmable environment powered by the Ethereum restaking platform’s core services EigenDA, EigenVerify and EigenCompute. The platform leverages EigenLayer’s crypto-economic security to extend verifiability to other sectors including AI, healthcare and media. Andreessen Horowitz’s digital asset investment arm, A16z has invested an additional $70 via a token acquisition of the EigenLayer (EIGEN) token. The firm also led a $100 million Series B round for Eigen Labs, the developers of EigenLayer in February 2024. The investment will go towards the launch…

Shiba Inu price continued its strong downtrend this week, even as its token burn rate surged by over 800%. Shiba Inu (SHIB) token plunged to a low of $0.00001160, its lowest level since April 9. It has dropped by 35% from its recent peak on May 12. SHIB price dropped because of the ongoing crypto market crash that has pushed Bitcoin and most altcoins lower.  The sell-off intensified as whales dumped their SHIB holdings. According to Nansen data, whale holdings have declined by over 80% in the last 12 months to 34 billion tokens. Similarly, smart money holdings have fallen…

PEPE has seen a sharp 13% correction on the daily timeframe, confirming a lower low and continuing its bearish trajectory. With structure still pointing downward, the next major test lies at the point of control, a key level that may either catch the fall or open the door to a deeper drop. After a series of lower highs and lower lows, PEPE (PEPE) has extended its downtrend with a sharp 13% daily move lower. The recent breakdown followed a failed attempt to reclaim the value area high, where a harsh rejection at the 0.618 Fibonacci level accelerated downside momentum. From…

Cryptocurrency thrives on decentralized networks, seamless transactions, and unbreakable trust. However, as the industry grows, so do the threats against it.  One of the lesser-known yet potentially devastating cyberattacks that can disrupt blockchain networks is the teardrop attack. If your blockchain transactions suddenly freeze out of nowhere, you might be experiencing it. Let’s dive deep into what teardrop attacks are, how they impact blockchain ecosystems, and what security measures can help protect the crypto industry from these digital threats. What Are Teardrop Attacks in Crypto? A teardrop attack is a type of Denial-of-Service (DoS) attack that exploits vulnerabilities in the…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As mainstream platforms tighten control, Promeet gives creators a web3-powered escape, with instant payouts, real ownership, and no censorship. It is no secret that a small handful of media moguls have disproportionate control over the internet. From social media to streaming platforms, tech elites seem to decide what we watch, what we consume online, who watches the content we upload, and how we get paid.  One noteworthy example of this control is how OnlyFans, the subscriber-based social media platform,…

Sei price continued its strong downtrend today, June 17, as the ongoing crypto crash accelerated. Sei (SEI) token dropped to $0.1660, its lowest level since April 17, and is now down more than 40% from its May high. From its November 2023 peak, the token has plunged by over 77%. Despite the bearish price action, Sei’s underlying fundamentals remain solid. According to data from DeFi Llama, the network’s total value locked has reached an all-time high of over 3.08 billion SEI, up significantly from 715 million at the start of the year. Most decentralized applications on the Sei network have…

In the world of cryptocurrency, the courtroom is just as chaotic as the market itself. While Bitcoin and Ethereum were built on the promise of decentralization—cutting out middlemen and regulations—governments aren’t giving up control without a fight. In 2022 alone, the four main U.S. federal agencies overseeing crypto—the SEC, CFTC, FinCEN, and OFAC—launched 58 crypto enforcement actions, a staggering 65% increase from the previous year. This rise in SEC crypto enforcement has had a ripple effect across the industry, from exchanges to individual developers. Number of Crypto Enforcement Actions Announced by US Federal Regulators from 2013-2022. Source: Solidus Labs However,…

Paradigm has filed an amicus brief in federal court arguing that Tornado Cash co-founder Roman Storm cannot be convicted without proof that he knowingly operated a money-transmitting business. In its June 13 filing made public on Monday, Paradigm requested that the court instruct the jury that for Storm to be convicted under federal money transmission laws, there must be clear evidence that he knowingly operated a business that controlled user funds, charged fees for transactions, and knowingly processed funds tied to criminal activity. Paradigm argued that the prosecution’s theory ignores longstanding FinCEN guidance, including 2019 statements issued under the Treasury…