Author: Yeek.io

Homepage > News > Finance > Reversal of digital asset debanking picks up pace in the US Since President Donald Trump was elected in November and took office in January, one of his top priorities has been to undo the debanking of the digital asset space that purportedly took place in the United States under the administration of former President Joe Biden. Last week, this effort picked up pace with a proposed Senate bill, a seeming policy reversal from one of the country’s top banking sector watchdogs, and a further commitment from Trump himself to end the non-official practice. Digital…

Quick take: The move is aimed at promoting broader use and adoption of the USDe token within the crypto ecosystem. Synthetic dollars are not backed 1:1 by fiat but rather obtain value by collateralising other stablecoins. The announcement comes following Ethena’s $100 million funding to fund a new synthetic dollar that targets traditional financial institutions. MEXC Ventures, the venture arm of the crypto exchange platform MEXC, has invested $36 million in Ethen and the USDe. According to the press release on Wednesday, the firm purchased $20 million in USDe, Ethena’s synthetic dollar with an extra $16 million going in as…

Ethereum’s native token, Ether (ETH), dropped below $2,000 on March 10, and the altcoin has struggled to regain a position above the psychological level. While Bitcoin (BTC) and XRP (XRP) exhibited minor recoveries over the past 24 hours, Ether prices failed to display bullish momentum in the charts. The altcoin plummeted to a multi-year low of $1,752 on March 11. However, onchain data and technical analysis indicate that the price could drop an additional 15% in the coming weeks. Ethereum dips below realized price after 2 yearsThe current price deviation below $2,000 carried onchain implications for the altcoin. According to…

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. A solo miner hit what many are calling a jackpot, as he mined a Bitcoin block #887,212 with just a 480-gigahash per second (GH/s) Bitaxe machine. He earned a total of 3.15 Bitcoins, which includes 0.025 $BTC in transaction…

Bitcoin (BTC) bounced from $76,606 on March 11, but the bulls could not sustain the price above $84,500 on March 12. Nansen principal research analyst Aurelie Barthere told Cointelegraph that Bitcoin is in a macro correction in a bull market, with the next crucial level being “$71,000-$72,000, top of the pre-election trading range.”Glassnode also projected a similar target in its March 11 market report. The onchain analytics firm said the recent sell-off had been triggered by the short-term holders who may have purchased near the peak in January. Glassnode added that Bitcoin could bottom out near $70,000 if selling persists.Crypto…

Just like the cryptocurrency market is always on the move, investors are also always looking for similar scenarios of the future, such as finding the next big cryptocurrency that could return in multiples. But are you in doubt as to where to start? This is where crypto pre-sales come in!Crypto pre-sales allow investors to purchase tokens prior to their general distribution on exchanges. Pre-sales refer to early token sale phases where investors acquire tokens at a discounted rate before they become publicly available, providing an opportunity for early buyers to potentially gain profit.Upcoming among pre-sales are AurealOne (DLUME) and DexBoss…

A large cryptocurrency trader, known as a whale, lost more than $308 million on a leveraged Ether position, underscoring the risks of leveraged trading during volatile market conditions.The unknown crypto trader was liquidated on their 50x leveraged long position for over 160,234 Ether (ETH), worth more than $308 million at the time of writing, Hypurrscan data shows.Leveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier compared to regular investment positions.The crypto trader’s address showing transactions. Source: Hypurrscan The crypto whale opened the initial 50x…

Solana’s proposal, which aims to cut SOL inflation by up to 80%, has reached quorum with 71.85% voting in favor. Will it make SOL more deflationary over time? Solana [SOL] is deep in its most bearish cycle, sliding from its $270 all-time high to $213 at press time.  To counter this, developers are advancing the proposal SIMD-228, which seeks to slash SOL inflation by up to 80%. With 71.85% of votes in favor, the proposal has already reached quorum. A successful implementation could tighten SOL’s supply dynamics. But will this be enough to reverse market sentiment? Solana’s deflationary model under…

Founder: Max Kei (CEO) Date Founded: March 2024 Location of Headquarters: Lugano, Switzerland Website: https://debifi.com/ Public or Private? Private Max Kei is a builder in the Bitcoin P2P space as well as a seasoned banker, which makes him uniquely qualified to create Debifi, a noncustodial, bitcoin-backed P2P lending platform that primarily serves institutions. Kei’s work in the Bitcoin space began in 2017, when he first contributing to Hodl Hodl, which quickly became a widely used noncustodial P2P trading platform. In 2020, he helped the exchange launch Lend at Hodl Hodl, the first noncustodial P2P borrowing and lending product in the…

Right after the report dropped, Bitcoin’s price jumped to $83,371. Lower inflation means the Fed is less likely to tighten the screws on the economy. Stocks went up too. Everyone’s feeling a bit more optimistic.There’s also something called Core CPI, which ignores food and energy prices. That came in at 3.1%, a touch below the 3.2% folks were expecting. This is the first time since July 2024 that both regular and Core CPI have dipped. It hints that inflation might finally be chilling out.If inflation keeps calming down, the Fed might loosen up its policies a bit. That could pump…