Author: Yeek.io

US government cost-cutting csar Elon Musk claims to have found at least 14 “magic money computers” in the federal government with the ability to send money from nothing.Musk said the computers, which exist in several federal departments, including the Treasury, Defense and Health and Human Services departments, can essentially issue payments and send money from nothing.“You may think that the government computers all talk to each other, they’re synchronized, they add up what funds are going where, and it’s coherent and that the numbers you’re presented as a senator are the real numbers,” Musk said in a March 17 episode…

Crypto asset manager 21Shares has taken another step toward launching a spot Polkadot exchange-traded fund (ETF) by submitting an updated S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) on March 6. This follows its initial application filed on Jan. 31.Source: sec.govThe update suggests that 21Shares is actively engaging with the SEC, possibly incorporating regulatory feedback or strengthening its case for approval. If approved, the Polkadot ETF would trade on the Cboe BZX Exchange, with Coinbase as the custodian of the DOT holdings.This move aligns with broader industry efforts to introduce crypto-based ETFs. On Feb. 25, Grayscale also…

Asset manager Hashdex has amended its S-1 regulatory filing for its cryptocurrency index exchange-traded fund (ETF) to include seven altcoins in addition to Bitcoin (BTC) and Ether (ETH), according to a March 14 filing. The revision proposes adding seven specific altcoins to the index ETF — Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI). As of March 17, the Hashdex Nasdaq Crypto Index US ETF holds only Bitcoin and Ether. Previous versions of Hashdex’s S-1 suggested the possibility of adding other cryptocurrencies in the future but didn’t specify which ones.According to the filing, the…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. In a series of posts shared on X, crypto analyst Kevin has mapped out a bullish scenario for Dogecoin and altcoins should the US Federal Reserve shift its monetary policy toward easing later this year. Pointing to both fundamental…

Key Takeaways: Banks might rethink internal systems, leaning on homegrown AI instead of external models. The shift prompts a review of risk methods and compliance practices amid tech updates. Digital finance could see evolving work roles and new training demands as tech adoption grows. During its annual Technology Work Conference on March 17, the People’s Bank of China (PBOC) outlined its 2025 financial technology agenda, prioritizing the integration of large-scale machine learning models into financial services. The People’s Bank of China, or the central bank, held a meeting to reinforce its technological work in 2025, vowing to promote the applications…

The U.S. Justice Department, in coordination with Germany and Finland, has dismantled the online infrastructure of Garantex, a cryptocurrency exchange accused of facilitating money laundering for criminal and terrorist organizations. The exchange, which has processed at least $96 billion in cryptocurrency transactions since 2019, has been taken offline following law enforcement action.Crypto Exchange Garantex Taken Down After $100M in Illicit TransactionsThe case is being prosecuted by the Justice Department’s National Cryptocurrency Enforcement Team and the U.S. Attorney’s Office for the Eastern District of Virginia.As part of the operation, the U.S. government seized three domain names linked to Garantex, including Garantex.org,…

A closely followed analyst believes Bitcoin (BTC) and altcoins are about to ignite massive rallies and leave paper-handed investors on the sidelines. Pseudonymous analyst TechDev tells his 516,300 followers on the social media platform X that Bitcoin and altcoins appear to be flashing a technical setup that preceded steep rallies during the 2017 and 2021 bull cycles. The trader shares a chart suggesting that Bitcoin looks poised to shatter the top boundary of its weekly Bollinger Bands as BTC recovers from a 2025 low of $76,000. The Bollinger Bands are a volatility indicator that can signal a bullish breakout if…

Offchain Labs, the developers of Ethereum layer-2 network Arbitrum, have announced a partnership with the Arbitrum Foundation to launch a new incubator-style program called Onchain Labs.According to a March 17 post by Offchain Labs, the new incubator is aimed at rapidly adding to Arbitrum’s existing decentralized application (DApp) offerings with a particular focus on supporting “innovative and experimental” projects. Offchain Labs said this support will primarily come in the form of product and go-to-market advice and won’t provide engineering or other operational resources. It also added that while it’s possible — there’s no guarantee that its venture capital arm, Tandem, will purchase…

Approximately two days ago, a whale initiated a short position on Hyperliquid with an initial stake of $300 million USD against BTC. Subsequently, the trader augmented this position, culminating in a total short volume exceeding $518 million USD as of today.A strong conviction in the anticipated depreciation of BitcoinCommencing with a $300M stake leveraged at 40x to execute the BTC short trade, the trader briefly realized a profit surpassing $6 million USD, with the position’s value escalating to $366 million USD.Learn more: A Trader Opened a $366M Value Short Position on HyperliquidThis confidence is further evidenced by the concurrent initiation…

Homepage > News > Business > Singapore to list BTC futures; Tel Aviv eyes DLT upgrade Singapore Exchange (SGX) plans to list BTC perpetual futures later this year, joining a growing number of traditional exchanges diving into the ‘crypto’ market. SGX plans to list the futures in the second half of this year, a spokesperson told Bloomberg. They will only be accessible by professional investors and institutions, in line with the country’s financial regulations which bar retail investors from complex financial products to protect them from their outsized risk. Perpetual futures are a subset of futures contracts that do not…