Author: Yeek.io

Bitcoin (BTC) breached a rising support trendline against gold (XAU), which has been intact for over 12 years, on March 14. XAU/BTC ratio weekly performance chart. Source: TradingView/NorthStarPopular analyst NorthStar says this breakdown could spell the end of Bitcoin’s 12-year bull run if it stays under the gold trendline for even a week or—worse—a month. Is Bitcoin’s bull market over? Let’s take a closer look at BTC’s correlation with gold. Gold hits new record high as Bitcoin’s uptrend coolsThe BTC/XAU ratio breakdown occurred as spot gold rates hit a new record high above $3,000 per ounce on March 14, after rising…

Hong Kong anticipates the continued growth of its fintech ecosystem, with blockchain, digital assets, distributed ledger technology (DLT) and artificial intelligence playing a central role in shaping its future.Hong Kong is home to over 1,100 fintech companies. This includes 175 blockchain application or software firms and 111 digital asset and cryptocurrency companies, which marked 250% and 30% increases, respectively, since 2022, according to the Hong Kong Fintech Ecosystem report by InvestHK, a government department overseeing Foreign Direct Investments.Participants of the Hong Kong Fintech Ecosystem. Source: InvestHKExploring deeper fintech revenue streamsThe expansive growth of Hong Kong’s Web3 industry is attributed to…

Hong Kong anticipates the continued growth of its fintech ecosystem, with blockchain, digital assets, distributed ledger technology (DLT) and artificial intelligence playing a central role in shaping its future.Hong Kong is home to over 1,100 fintech companies, which include 175 blockchain application or software firms and 111 digital asset and cryptocurrency companies, marking a 250% and 30% increase, respectively, since 2022, according to the Hong Kong Fintech Ecosystem report by InvestHK, a government department overseeing Foreign Direct Investments.Participants of the Hong Kong Fintech Ecosystem. Source: InvestHKExploring deeper fintech revenue streamsThe expansive growth of Hong Kong’s Web3 industry is attributed to…

Over the past 24 hours, the price of Chainlink (LINK) has been on a strong upward rally. As a result, the price surged above immediate Fib levels and currently buyers are holding the price above $14. The fear/greed index has dropped, now showing an extreme fear sentiment at level 18. Meanwhile, Chainlink’s trading volume has dropped by 38.6% in the last 24 hours, reaching $693 million. Looking at the longer trend, LINK’s price has been declining since mid-December, dropping from a high of $31 to about $15 on 3 February. In recent weeks, LINK price has been facing strong bearish…

2021 is where everyone was talking about NFTs and it seemed like the next big thing. Fast forward to 2025 and people are speculating on whether NFTs can ever reclaim their past glory.  There was truly a time when a digital image of a monkey (Bored Apes collection) fetched thousands of dollars in ETH, however, now they are just out of the crypto scene. Read this article to find out what are NFTs, why they became so popular, and how to make them yourself! Ever since it went mainstream in 2021, everyone from digital artists to celebrities to football clubs…

The Problem with Over-CollateralizationMost DeFi lending platforms work on over-collateralization. Borrowers must deposit assets worth more than the loan amount to secure a loan. This model protects lenders from defaults. But it also limits DeFi lending to those who already own significant crypto assets.Issues with Over-Collateralization:Excludes Many Users: Users without large crypto holdings cannot access blockchain loans.Limits Growth: Businesses and individuals cannot efficiently leverage funds.Inefficient Capital Usage: Locked assets cannot be used elsewhere for investment or transactions.Limits Credit Expansion: Traditional finance increases lending by providing loans based on credit ratings, rather than collateral.Under-collateralized lending would solve these issues, making lending…

Ethereum is launching the Hoodi testnet, with Pectra set to go live on the mainnet more than 30 days after Hoodi successfully forks.Ethereum’s Pectra deployment is looming, currently slated for the mainnet deployment for late April. In the run-up to the mainnet deployment, Ethereum (ETH) has been running tests to evaluate implementation of its various features on testnets. The two most recent testnet deployments were on Holesky on Feb. 24 and then Sepolia on March 5. On March 17, Ethereum will launch another testnet Hoodi to test validator exists, according to Ethereum developer Tim Beiko. If testing on Hoodi is…

Quick take: The company plans to use the new capital to accelerate its product roadmap and expand its licensing footprint across multiple jurisdictions. RedotPay’s crypto card and payment platform bridges the gap between traditional finance and cryptocurrencies, acting as an alternative to traditional banking for the unbanked. The company claims to have over 3 million registered users globally. RedotPay, a crypto card and payments platform, has completed a $40 million Series A round led by Lightspeed. The fundraising also attracted significant investment from HSG (Formerly Sequoia China) and Galaxy Ventures, with participation from DST Global Partners, Accel, and Temasek-backed Vertex…

Brazil seems to favor blockchain for BRICS cross-border trade, moving away from talk of a joint currency. Brazil may be exploring blockchain to improve BRICS — which includes Russia, India, China, along with other members — trade transactions, with the topic potentially becoming a key focus during the country’s year-long presidency of the bloc, which began in January, Brazilian newspaper Valor Econômico reports, citing sources close to the matter. The plan appears to be different from past discussions on a BRICS common currency. According to the people close to the talks, the intention is “not to create a currency to…

Silo, a non-custodial decentralized finance marketplace, announced Friday morning the launch of its V2 protocol on Sonic, a high-performance Layer 1 network. This means users on Sonic can now tap into lending markets where risks are kept separate. This means if one market hits trouble, it won’t drag down the others. After passing several security audits, Silo V2 is now live and already attracted $400 million locked into the platform. Silo V1 made a big splash in the DeFi world, facilitating loans worth hundreds of millions of dollars across more than 50 markets—without any blow-ups or solvency issues. Anyone can…