Author: Yeek.io

While panic selling has seen Bitcoin’s price slip below $80,000, whales looking to leverage the potential opportunity have aggressively accumulated over 65,000 BTC. On Mar. 11, as Bitcoin (BTC) struggled near the $80,000 mark, on-chain data and analytics platform CryptoQuant shared details showing that large holders, dubbed whales, have been busy buying on the cheap over the past month. CryptoQuant’s on-chain data indicates that despite the selling pressure leaving small holders in wreck mode, Bitcoin whales have used the 16% pullback over the past 30 days to accumulate more than 65,000 BTC. https://twitter.com/cryptoquant_com/status/1899464577966018585 “Although this does not mean immediate effects…

Cryptocurrency exchange Coinbase is one step closer to relaunching its services in India after securing a license with the country’s Financial Intelligence Unit (FIU). On March 11, the crypto exchange revealed on social media that “we’re approved to launch in India,” which prompted a follow-up from Coinbase’s chief legal officer, Paul Grewal.“Coinbase is now FIU-registered,” said Grewal. “It’s a major step towards empowering Indian entrepreneurs to build, innovate and scale global onchain businesses — all from home.”A Coinbase blog post confirmed that the exchange plans to offer cryptocurrency trading services in the country but did not specify a timeline for service…

Sony’s entertainment robot, Aibo, is entering the web3 space through a blockchain initiative on Soneium, an Ethereum Layer-2 network developed by Sony Block Solutions Labs. This introduces a collection of Soulbound Tokens (SBTs) that serve as digital representations of Aibo’s history.Aibo, first released in 1999, was designed to be an interactive robotic pet with AI-driven features. It quickly became known for its ability to engage with owners, learn behaviours, and develop unique personality traits over time.Now, rather than releasing new hardware, Sony is focusing on bringing Aibo’s legacy to the blockchain, ensuring its presence continues in a new digital format.…

Homepage > News > Business > India appoints CoinDCX to manage custody of seized assets For the first time in India’s digital asset sector, the Enforcement Directorate (ED), the nation’s law enforcement and economic intelligence agency, has appointed a digital asset exchange to handle custodian services for seized ‘cryptocurrency.’ The ED has entrusted CoinDCX with the responsibility of managing asset forfeiture and providing a secure custody infrastructure for storing and supervising these assets. This partnership is expected to ensure a compliant and secure solution for handling seized assets, CoinDCX said in an emailed statement. In July 2024, CoinDCX, India’s first…

BONK broke out of an ascending trend channel that has held its price action since the launch of the memecoin. Despite price-sweeping liquidity, there’s no substantial urge to move higher, which could set it for a further drop if buyers delay. The daily chart of Bonk [BONK] displayed a simple breakout out of an uptrend channel that had dictated price action since the meme token’s launch. The channel with a rising resistance and support had earlier held back price with multiple tests and bounces in 2024. BONK recently dipped below the channel bottom at $0.00000933, sweeping liquidity below and causing…

US lawmakers are set for a heated debate on stablecoin regulation, with key industry leaders expected to outline their vision for the future of digital asset oversight.Charles Cascarilla, co-founder and CEO of stablecoin issuer Paxos, is scheduled to testify before the House Financial Services Committee, where he will urge lawmakers to establish “cross-jurisdictional reciprocity” in stablecoin regulations.In his prepared testimony, Cascarilla flagged concerns about the existing hurdles in the adoption of Paxos’ Global Dollar (USDG) stablecoin due to it being issued via a regulated affiliate in Singapore.“We fear that products like Paxos’ Global Dollar (USDG) stablecoin, issued by a regulated…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The current bearish state of the overall crypto market has triggered fears of a bear market since Bitcoin, the largest digital asset, continues to decline, reaching as low as $77,760. It is worth noting that  BTC has been decreasing from its new all-time high of $109,000. However, in spite of the notable decline, bullish sentiment might be returning among investors as they ramp up more coins. More Bitcoin Scooped Up By Whales And Sharks Bitcoin’s price may have been dropping for a lengthy period, but investors’ sentiment…

Investors Offload HBAR as Indicators Point to More DeclinesMarket data confirms a consistent decline in HBAR‘s Accumulation/Distribution (A/D) Line since early March. A/D Line refers to money flowing in or out of an asset relative to the asset’s price and volume traded. A decreasing A/D Line translates to building selling pressure where there are more investors who are keen to sell compared to holders and buyers who desire to maintain or acquire the token.Adding to the concern, HBAR’s Relative Strength Index (RSI) has fallen to 40.10. A value below 50 reflects stronger selling momentum, and a continued drop toward 30…

Bitcoin is testing range lows, and Ethereum has tapped its lowest price since November 2023 today – so it’s a huge opportunity for traders to secure discounted prices before the next leg up.But what are the leading crypto to buy? This article reviews five promising projects that could have 100x potential this year.SolaxySolaxy is building the first-ever Solana layer 2 blockchain. Using off-chain computation and transaction bundling technology, the project will eradicate Solana’s congestion issue. It’s a huge leap forward for the Solana ecosystem, making it cheaper, faster, and more reliable. This will open Solana to new users and use cases,…

Yuga Labs’ vice president of blockchain warned that Ether could drop as low as $200 in a prolonged bear market, a 90% decline from its current price.In a March 11 post on X, the executive, known as “Quit,” pushed back against analysts who suggested $1,500 as the possible bottom for Ether (ETH). Instead, Quit argued that a true bear market could see ETH fall significantly lower, similar to previous market cycles.“A true bear market target, if we’re just getting started, would be ~$200-$400. That’s an 80% drawdown from here, 90% total drawdown — in line with past bear markets.”The executive…