Author: Yeek.io

Ethereum price is more than 52% down from its December 2024 high at $4,107 and data from TradingView shows ETH (ETH) down 42% since the start of 2025. Despite being one of the largest cryptocurrencies by market capitalization and holding the dominant spot as the leader in Web3 and DeFi, many analysts believe that ETH’s price prospects remain grim in the short term. Crypto analyst and chartered market technician Askel Kibar warned traders against assuming that ETH price trades at a discount simply based on how far off it is from its average trading price. On X, Kibar explained that “bottom reversals take…

The White House Crypto Summit: What Went DownThe White House organized its first-ever symposium on digital assets and cryptocurrencies on March 7, 2025. Making the United States a leader in decentralized finance and blockchain technology was the objective. Government policies, innovation, and regulations were discussed.Top government representatives, legislators, and business executives attended the summit. Around 30 key figures attended, including:Michael Saylor (Strategy CEO, formerly MicroStrategy)Cameron and Tyler Winklevoss (Gemini)Brian Armstrong (Coinbase CEO)Other notable crypto executivesThis event set the stage for major changes in the U.S. approach to digital assets.Key Discussions at the SummitThe summit focused on several critical issues, including:TopicDiscussion…

Hashdex, a world-leading crypto fund manager, has gained Brazil’s Securities and Exchange Commissions (CVM) approval to launch the country’s first-ever spot XRP exchange-traded fund. An official launch date hasn’t been confirmed at this time, however, the fact that the approval has been given in the first place represents Brazil’s continuous support of embracing cryptocurrency.Global ImplicationsThis approval has implications beyond Brazil, with many people speculating that other countries, that have made clear their support of crypto, will soon follow. The United States for example, under the leadership of President Donald Trump, is expected to be the next country to accept spot…

Key Takeaways: Crypto ETPs saw notable withdrawals as market uncertainty alters investor strategies. Bitcoin experienced the largest pull while select digital assets attracted renewed interest. Early technical cues and institutional moves add a cautious angle to market shifts. Cryptocurrency exchange-traded products (ETPs) saw outflows totaling $1.7 billion last week, as global investors continued pulling capital amid broader market declines, according to a March 17 CoinShares report.Crypto ETPs Liquidation Streak Reaches $6.4 Billion Over Five WeeksThe latest report shows that the market downturn has triggered cumulative outflows of $6.4 billion over the past five weeks. Crypto ETFs & ETPs recorded another…

Decentralized non-custodial liquidity protocol Aave V3 is now live on Celo, the Layer-2 that aims to enable fast, low-cost transactions for the real world.According to the press release shared with Cryptonews, thanks to the integration, Celo’s builders and users globally can borrow, lend, and earn yield with “sub-cent” transaction costs.This is in addition to the one-block finality and one-second transaction time following Celo’s migration to an Ethereum Layer 2 later this month, the team said.Furthermore, the initial deployment supports collateral and borrowable assets CELO, USDT, and USDC. The latter also includes cUSD and cEUR. The partners may incorporate more assets…

Pepe coin price held steady on Monday as centralized exchange outflows rose after forming several bullish patterns.  Pepe (PEPE) rose to $0.000070, up by about 35% from its lowest level this year, giving it a market cap of $2.9 billion.  Data from Nansen shows that many investors are moving their tokens from exchanges to self-custody. Tokens held on exchanges dropped to 240.15 trillion, down 1.21% from last week. Increased exchange outflows are generally seen as a positive sign since they suggest that investors are holding onto their coins rather than selling. Exchange outflows often slow during a strong downward trend…

A man linked to the launch of two collapsed memecoins has reportedly gone ahead with another project despite a potential Interpol Red Notice with his name on it. Blockchain analytics firm Bubblemaps reports that Hayden Davis was involved in launching WOLF, a coin inspired by the Wolf of Wall Street, the hit film based on former stockbroker Jordan Belfort. Davis admitted to being behind the launch of LIBRA, a memecoin initially backed by Argentinian president Javier Milei. He was also copped for his involvement in the launch of MELANIA, a coin based on US First Lady Melania Trump. Both coins…

Shiba Inu is gaining momentum as its price breaks above the critical 100-day moving average, a sign that bullish sentiment may be strengthening. This breakout marks an important shift in SHIB’s market structure. Historically, moving averages serve as dynamic support and resistance levels, and reclaiming the 100-day SMA often signals renewed upward potential. If SHIB can sustain this breakout, it could pave the way for further gains, attracting more bullish interest and potentially triggering a rally toward higher resistance levels. However, traders remain cautious, as maintaining this momentum is key to confirming a trend reversal. Any failure to hold above…

Solana seems ready for a powerful upswing that could send shockwaves through the market. This potential breakout may influence not only Solana but also tokens like BONK and XYZ. What is behind this movement, and how could it reshape the altcoin market? Explore these questions in the following analysis.XYZVerse Presale Surges Past $10M, Signaling Strong Market DemandXYZVerse ($XYZ), a crypto project blending sports and blockchain, has gained significant traction, drawing both retail and institutional investors. Unlike conventional memecoins, XYZVerse presents a structured roadmap and an active community, reinforcing its long-term ambitions. The project was recently recognized as the Elite New…

Homepage > News > Business > Brazil’s postal service explores blockchain for logistics Brazil’s postal service is exploring emerging technology, including blockchain and artificial intelligence (AI), to advance its operations and logistics. The state-owned Empresa Brasileira de Correios e Telégrafos, which has a network of over 12,000 post offices across Brazil, has invited tech companies to bid for an opportunity to develop tech solutions to power its vast network. Correios called on interested applicants to devise solutions targeting its “business, operations and contracting challenges.” On the operations front, the postman intends to capitalize on the two technologies to ease national…