Author: Yeek.io

After the remarkable success of Hyperliquid, Backpack is shaping up to be the next big name worth experiencing. But why could Backpack’s airdrop be so valuable? Let’s explore a few key reasons with NFTevening belowAbout BackpackBackpack Exchange is a globally operating, regulated centralized cryptocurrency exchange (CEX) that offers a secure and intuitive platform for digital asset trading. The exchange runs on a private blockchain specifically designed for its operations, where all activities such as deposits, withdrawals, order placements, and cancellations are validated by independent nodes on the network.In addition to trading, Backpack Exchange is part of a larger ecosystem that…

South Carolina has officially dropped its lawsuit against cryptocurrency exchange Coinbase regarding its staking services, marking another win for the company in its legal battles across the United States.According to a joint stipulation filed on March 27, the South Carolina Attorney General’s securities division and Coinbase agreed to dismiss the case, which had accused the firm of offering unregistered securities through its staking program.The lawsuit was originally filed on June 6, 2023 — the same day Coinbase was hit with a separate federal lawsuit by the U.S. Securities and Exchange Commission (SEC), which itself was dismissed in February 2025.Coinbase CLO…

MonkeDAO, a community-owned non-fungible token project on Solana, has announced it’s become the first decentralized autonomous organization to adopt a Bitcoin reserve. Solana (SOL)-based MonkeDAO announced on March 28 that it had adopted a Bitcoin (BTC) reserve in its strategy by acquiring the APOLLO on Solana token zBTC. The newly-launched zBTC is a token pegged 1:1 to Bitcoin and native to Solana. MonkeDAO is the first DAO to adopt the token for its treasury reserve. According to the APOLLO team, the token offers BTC on-chain – not bridged or wrapped but permissionless. Holders can tap into this token to participate in…

Bitcoin mining software is an efficient tool for cryptocurrency mining. Users solve complex algorithms through computational power, validate transactions, and earn rewards in the form of digital currencies. Most mining applications are automated, providing detailed earnings reports so that users can participate without needing advanced technical skills.This guide is based on 106 hours of extensive research and a comprehensive evaluation of 26 Leading-rated free Bitcoin mining applications. We carefully compared the advantages, disadvantages, and unique features of various free and paid options, helping users select the most suitable mining software and platforms. Continue reading to get an authoritative guide to…

Homepage > News > Business > This Week in Crypto: Stablecoins return, GameStop eyes BTC Why is everyone launching stablecoins? Stablecoins are back in the spotlight. This week alone, Donald Trump’s crypto venture World Liberty Financial (WLF), the traditional finance institution Fidelity, and even the state of Wyoming announced they plan to launch their own stablecoins. And they’re not alone; there’s a growing list of companies and institutions signaling they’re getting into the stablecoin game or launching stablecoin wallets. So, what’s driving this renewed interest? At the core, it’s a combination of government support, revenue potential, and a geopolitical push to solidify dollar dominance. For crypto companies,…

Velar has officially launched the world’s first decentralized perpetuals exchange built natively on Bitcoin. Velar, a DeFi infrastructure platform focused on building advanced trading products and user interfaces for Bitcoin-secured assets, said its new product marks a new chapter in Bitcoin (BTC)-based decentralized finance. Deployed on Stacks, a Bitcoin layer 2, the platform allows users to trade perpetual futures with leverage while maintaining full custody of their assets. The exchange is now live at perpdex.velar.com and opens with a trading pair of sBTC-USDh. USDh, developed by Hermetica, is the first synthetic dollar designed specifically for Bitcoin DeFi, and will serve…

Animoca Brands has announced a new partnership with Sony Block Solutions Labs to develop blockchain-based identity infrastructure and support anime-themed projects on Soneium—Sony’s Ethereum Layer 2 blockchain.The collaboration introduces Anime ID, a decentralised identity system built by San FranTokyo, a contributor to the Anime Foundation. It will serve as the first implementation of Moca Network’s identity tools on Soneium. Moca Network will play a central role in enabling these features through its AIR SDK (Account, Identity, Reputation Software Development Kit), which provides account management and credential verification across applications.The partnership also includes a cultural component: a series of anime-related campaigns…

Coinbase’s emergence as the Ethereum network’s largest node operator raises concerns about network centralization that could worsen as institutional adoption accelerates, industry executives told Cointelegraph. On March 19, Coinbase published a report disclosing that the US cryptocurrency exchange controlled more than 11% of staked Ether (ETH), more than any other Ethereum node operator. According to Karan Sirdesai, CEO of Web3 startup Mira Network, Coinbase’s growing dominance highlights “a systemic issue in Ethereum’s staking architecture.”“We’re creating a system where a handful of major players control an outsized portion of network security, undermining the core promise of decentralization,” Sirdesai told Cointelegraph. According to the…

Donald Trump is waging a “quiet and consistent war” on the Federal Reserve, not through direct confrontation, but by reshaping the foundations of U.S. macroeconomic policy, according to Nigel Green. Green, the CEO of financial advisory firmDeVere Group, said in a statement to crypto.news that U.S. President Donald Trump’s tariffs and trade wars dominate headlines while there are two overlooked strategies that are central to the president’s economic playbook: stablecoins and cheap oil. “They’re the twin tools of Trumpian macroeconomics: digital monetary dominance and physical price suppression,” says Green. Stablecoins as a weapon of monetary dominance Green sees the rise…

The SEC has announced the dismissal of its case against Crypto.com without any legal charges. This move follows the SEC’s increasingly open stance toward the crypto market, recognizing the industry’s compliance and legitimacy.SEC Ended Crypto.com LawsuitsThe U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Crypto.com without taking any legal action against the exchange.This decision comes seven months after the SEC issued a Wells Notice to Crypto.com in August 2024, signaling its intent to sue the company.The SEC’s investigation into https://t.co/pFc4Pz9nFR has been closed with no action being taken against https://t.co/pFc4Pz9nFR.— Kris | Crypto.com (@kris) March 27,…