Author: Yeek.io

Bitcoin’s price has continued its gradual decline, now trading just above $81,000, marking a significant drop from its all-time high (ATH) in January. At the time of writing, BTC stands at $81,086, reflecting a 1.7% increase in the past 24 hours but still showing a 2.3% decrease over the past week. The ongoing correction has raised concerns among investors about whether the asset will recover or enter a prolonged consolidation phase. While there is no definitive reason behind Bitcoin’s ongoing price movements, CryptoQuant analyst Darkfost has highlighted an interesting correlation between BTC and Nasdaq According to Darkfost, Bitcoin is currently…

Ethereum price is still trying to recover the $1,900 mark as weak DeFi metrics and increased competition weigh on its price.  Due to decreased liquidity and investor participation, the network’s total value locked decreased from $63 billion in January to $44 billion in February, according to DefiLlama data. Stablecoin inflows have slowed down, indicating a slower capital rotation into Ethereum (ETH) protocols. The data also shows that decentralized exchange trading volumes are down, from $92 billion in December to $82 billion in February. As other chains like Hyperliquid (HYPE) and Solana (SOL) register growing perpetual futures trading volumes, futures trading…

Top NFT Collections (Last 24h) Here are the hottest NFT Collections of the day. Rank Name Volume Transactions Chains URL 1 Uniswap v4 Positions NFT 489.90 ETH 8 ethereum View 2 Bored Ape Yacht Club 408.51 ETH 31 ethereum View 3 Pudgy Penguins 256.14 ETH 29 ethereum View 4 CryptoPunks 172.68 ETH 4 ethereum View 5 Milady Maker 168.34 ETH 52 ethereum View 6 Doodles 129.20 ETH 46 ethereum View 7 Azuki 110.03 ETH 43 ethereum View 8 Mutant Ape Yacht Club 80.43 ETH 36 ethereum View 9 Lil Pudgys 68.77 ETH 70 ethereum View 10 Frogana 0.00 ETH 900…

Axelar Foundation has successfully secured $30 million in funding. What does this mean for you and the future of blockchain technology? Let’s break down how this investment will help Axelar advance interoperability and transform the crypto landscape. What Makes Axelar’s Funding So Significant? Interoperability is at the heart of the Web3 evolution. Imagine a world where blockchains can seamlessly communicate and transact with each other, breaking down the barriers that exist today. That’s the goal of Axelar, and this $30 million funding marks a critical step toward realizing that vision. It is an interoperability protocol designed to connect different blockchain…

The US Securities and Exchange Commission has delayed its decision to approve several XRP, Solana, Litecoin and Dogecoin exchange-traded funds.In a slew of filings on March 11, the agency said it has “designated a longer period”  to decide on the proposed rule changes that would allow the ETFs to proceed.Among the affected ETFs are Grayscale’s XRP (XRP) and Cboe BZX Exchange’s spot Solana (SOL) ETF filings, with the decisions on them pushed until May.The SEC has delayed making a decision to approve several altcoin ETFs. Source: SECBloomberg ETF analyst James Seyffart said in a March 11 X post that while…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows that Bitcoin miner exchange inflows have shot up recently, something that could extend BTC’s price drawdown. Bitcoin Miner To Exchange Flow Metric Has Seen A Spike As pointed out by an analyst in a CryptoQuant Quicktake post, miners are upping their selling pressure. The on-chain indicator of relevance here is the “Miner to Exchange Flow,” which, as its name implies, keeps track of the total amount of Bitcoin moving from the miner entities to exchange-associated wallets. When the value of this metric is high,…

Bitcoin buyers who purchased around when it hit a $109,000 all-time peak in January are now panic-selling as the cryptocurrency declines, says onchain analytics firm Glassnode, which isn’t ruling out that Bitcoin could slide to $70,000.Glassnode said in a March 11 markets report that a recent sell-off by top buyers has driven “intense loss realization and a moderate capitulation event.”Short-term holders fled as Bitcoin dropped from peakThe surge in buyers paying higher prices for Bitcoin (BTC) in recent months is reflected in the short-term holder realized price — the average purchase price for those holding Bitcoin for less than 155…

Homepage > News > Business > Namibia defies IMF’s report, presses on with CBDC project Namibia is marching on with its retail central bank digital currency (CBDC) project despite skepticism from the International Monetary Fund (IMF), which called on the country to explore other digital finance options. The Bank of Namibia (BoN)’s director for international relations, Kazembire Zemburuka, revealed this week that the bank is in the “preparation phase” of the digital Namibian dollar project. It primarily targets financial inclusion and improving cross-border payments with the CBDC. BoN is currently exploring whether Namibians would embrace retail and wholesale CBDCs, the challenges and risks they…

Lawmakers in the United States have voted to scrap the Internal Revenue Service’s controversial rule that would have forced decentralized finance platforms to report user transactions. The motion against the IRS DeFi broker rule saw bipartisan support, with the U.S. House of Representatives voting 292-132 in favor of repealing the rule on March 11. While all 132 opposing votes came from Democrats, 76 from the party crossed the aisle to join Republicans in backing the repeal. The DeFi broker rule would have required decentralized exchanges and other DeFi platforms to report transaction details, including user information and gross proceeds from…

Sony’s Soneium blockchain is partnering with LINE to bring four mini-apps on-chain in the next few months, in hopes of expanding web3 adoption among the social platform’s users. According to a press release sent to crypto.news, Soneium is preparing to launch a series of mini-apps on LINE in the next few months. This collaboration opens up new opportunities for web3 expansion, especially in regions where LINE is the dominant digital platform. By bringing blockchain-powered applications to LINE, Soneium hopes to simplify access to popular web3 gaming apps for users through a seamless integration. The firm hopes to onboard new users…