Author: Yeek.io

Cryptocurrency exchange Coinbase is facing a class-action lawsuit in the U.S. state of Illinois, which claims that the company may have violated the state’s Biometric Information Privacy Act. A group of Coinbase customers has accused the platform of improperly collecting and storing facial data during its identity verification process. Filed in the U.S. District Court for the Northern District of Illinois on May 13, the lawsuit alleges that Coinbase’s Know Your Customer checks involve scanning users’ facial geometry without proper notice or consent, a move the plaintiffs say directly breaches Illinois’ biometric privacy laws. According to the complaint, users were…

U.S. spot Bitcoin ETFs saw a noticeable slowdown in inflows last week, as investors adopted a risk-off stance following Federal Reserve Chair Jerome Powell’s recent hawkish comments on future rate cuts. According to data from SoSoValue, Bitcoin ETFs brought in $603.74 million over the past week from May 12-16, which was a little over 35% less than the $934 million they recorded the week before. Most of last week’s inflows went into BlackRock’s IBIT, which attracted a massive $841.7 million. Meanwhile, funds like Grayscale’s BTC and VanEck’s HODL drew in more modest inflows of $39.8 million and $7.3 million, respectively.…

Low trading volume during the recent price bounce was a concern Long-term signs and the 1-day structure revealed Dogecoin had more room to rally The 19% Dogecoin [DOGE] retracement from the previous weekend presented buyers with an interesting opportunity. It also saw a resurgence in retail interest, a conclusion based on the surge in new addresses on-chain during the price dip. The strongly bullish market sentiment could see a deeper correction though. Zooming out, the MVRV ratio revealed that the memecoin was still undervalued. Dogecoin retraces for a week, but re-establishes lower timeframe bullish structure Source: DOGE/USDT on TradingView The…

Ethereum is trading at $2,378, down 5% in the past 24 hours after reaching a weekly high of $2,693.  Even with the decline, Ethereum (ETH) is still up over 35% in the past month, showing strength amid a recent crypto market revival. With 24-hour volume up 128.6% to $29.6 billion, trading activity has increased, indicating renewed interest from both retail and institutional investors.  Derivatives data paints a similar picture. CoinGlass data shows a 135% spike in trading volume. Interestingly, open interest in ETH futures has declined by 5.53% during the same period, which could suggest that short-term traders are closing…

Coinbase impersonators stole over $2 million worth of crypto from retired artist Ed Suman using data possibly obtained in the exchange’s recent customer support breach. According to Bloomberg, Suman, 67, was targeted in early March after receiving a text message that appeared to be from Coinbase, warning of suspicious activity on his account.  When he responded, a man posing as a Coinbase security staffer called him and claimed his funds were at risk, even though they were reportedly stored offline in a hardware wallet. The caller, who identified himself as Brett Miller, seemed convincing. He knew Suman used a Trezor…

Short liquidations totaled $387K, adding fuel to DOGE’s bullish momentum. MVRV and Open Interest trends supported continued price growth above $0.25. Dogecoin [DOGE] has reclaimed key technical ground after breaking out of a descending channel and retesting it as support. This confirms bullish structure, and price action has held steadily above the $0.22 level.  At the time of writing, DOGE was trading at $0.2238 after gaining 3.37% in the past 24 hours. The $0.25 zone stands out as immediate resistance, having acted as a support-turned-supply zone in February.  A successful break above this level could set the stage for a…

  WIF has surged by 150% over the last thirty days. Despite rising demand, bearish sentiment still exists in the market, creating a mismatch. Since hitting $1.32 days ago, dogwifhat [WIF] has struggled to keep an upward momentum. After the uptick, the memecoin declined to hit a local low of $0.922. However, the trend has reversed on the daily charts, with WIF successfully testing the $0.93 support level and making a strong rebound. At the time of writing, dogwifhat was trading at $1.048, reflecting a 12.4% increase in the past 24 hours. This bullish momentum extends across broader timeframes, with the…

Cryptocurrency prices retreated last week after Bitcoin failed to move above the resistance level at $106,000 and as traders took profits.  Bitcoin (BTC) price was trading at $103,000 on Sunday, while the recent Ethereum (ETH) surge hit a barrier.  Looking ahead, some of the top cryptocurrencies to watch this week will be Ripple (XRP), Trump Coin (TRUMP), and Zetachain (ZETA). XRP in focus ahead of CME futures launch XRP price will be spotlighted this week as CME Group launches the first cash-settled futures on Monday. Futures contracts let traders bet or hedge against the future price of an asset without…

FARTCOIN traded near $1.27 after an 8.5% daily gain, but volume dropped 35% as traders backed off. Spot Inflows hit $225.78K, suggesting holders may be preparing to exit following the meme coin’s parabolic run. Amid the ongoing volatility, Fartcoin [FARTCOIN] was showing signs of weakness, with both the price action and market sentiment indicating a potential downtrend in the coming days. This bearish speculation emerged after the memecoin rallied over 70% in the past month. Price rallied, but traders turned cautious At the time of writing, FARTCOIN traded near $1.27—up 8.5% in the last 24 hours. This surge in price…

The Fartcoin price has pulled back from its highest point this month and is at risk of further downside as smart money investors sell and exchange balances rise.  At last check Sunday, Fartcoin (FARTCOIN) traded at $1.20, down 14.35% from its highest point this month.  Nansen data shows that the number of savvy money investors holding the Fartcoin token dropped to 37 on Sunday, down from this month’s high of 44. These investors collectively have 727 million tokens, much lower than last month’s high of 740 million. Smart money investors are closely followed because they are often seen as more…