Author: Yeek.io

Binance has banned a market maker and confiscated its proceeds after conducting an investigation that indicated the entity committed misconduct. The top global crypto exchange didn’t disclose the identity of the market maker but noted that it operated as a liquidity provider for the decentralized security layer GoPlus Security (GPS) and the AI consumer project MyShell (SHELL). Binance offboarded the market maker and confiscated its proceeds “for the purpose of compensating users for GPS and SHELL.” GoPlus Security’s native token, GPS, plunged in value last week after receiving a Binance listing. The asset is down more than 71% in the…

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…

XRP has fallen below the $2 mark for the first time since early February, following the broader market breakdown that has pushed most cryptocurrencies lower. Despite the intense selling pressure, XRP has held up stronger than many other altcoins, avoiding the steep declines seen across the market. However, uncertainty remains high, with analysts divided on XRP’s next move. Related Reading Some experts believe that if XRP can reclaim key resistance levels, it could trigger a recovery rally, bringing back bullish momentum. On the other hand, bearish analysts warn of further downside, arguing that XRP’s failure to hold above support levels…

Rome Protocol and KiiChain have joined forces to accelerate the adoption of blockchain-based financial solutions in Latin America. The partnership will focus on real-world asset tokenization and cross-chain payment finance, aiming to create new liquidity opportunities for businesses, developers, and financial institutions, crypto.news can exclusively report. An example of this can be seen in Mexico, where people are exploring real estate tokenization to enable fractional ownership, Anil Kumar, CEO of Rome Protocol, told crypto.news. Meanwhile, Argentina is utilizing tokenized agricultural commodities as collateral for farm financing. RWA tokenization is the process of converting physical or traditional financial assets, like real…

Dogecoin accumulation has intensified in the past 24 hours as the market established a new low. DOGE has reached a critical point on the chart and could witness a significant bounce to the upside. In the past 24 hours, the bearish wave in the market has intensified, leading Dogecoin [DOGE] to decline by 9.83%, bringing its monthly decline to -36.13%. A close analysis of several market metrics suggests that DOGE’s current condition is likely temporary and that a rally could begin soon as sentiment shifts. Massive whale accumulation of DOGE There has been significant investor accumulation of DOGE in the…

MOVE has a bearish structure on the 4-hour chart despite the recent bounce from the lows. The liquidation heatmap underlined the $0.55 level as a key resistance zone. Movement [MOVE] has bounced 33% from the past week’s low at $0.37, but it maintained its bearish near-term outlook. The buying pressure was not enough to breach the key resistance at $0.55. Further north, the $0.616 level marked the level whose breach would mark a structural shift for MOVE. The trend of Bitcoin [BTC] was strongly bearish. It might not have formed a bottom yet, which meant Movement price could also dive…

Bitcoin exchange-traded products may have fundamentally altered the concept of a crypto “altseason.”For years, the crypto market followed a familiar rhythm, a near-predictable dance of capital rotation. Bitcoin (BTC) surged, bringing mainstream attention and liquidity, and then the floodgates opened to altcoins. Speculative capital rushed into lower-cap assets, inflating their values in what traders euphorically deemed “altseason.”However, once taken for granted, this cycle shows signs of a structural collapse. Spot Bitcoin exchange-traded funds (ETFs) have shattered records, funneling $129 billion in capital inflows in 2024. This has provided unprecedented access to Bitcoin for both retail and institutional investors, yet it has…

Yuga Labs’ vice president of blockchain has 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 suggest $1,500 as a 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…

Pi has attracted significant community interest. However, please share why Binance has not yet listed Pi and taken advantage of the opportunity to onboard a substantial user base from the community. Let’s explore some key insights below!Pi Network CommunityPi Network boasts an incredibly large community with millions of users. However, most of them lack experience in blockchain in general and crypto in particular.According to Bybit CEO Ben Zhou, the Network is even more dangerous than meme coins because it targets people who lack knowledge about cryptocurrencies, leading them to have unrealistic expectations – unlike the meme coin game.He also questioned…

Homepage > News > Business > Gemini, Kraken, Bullish… last exchange to go public is a rotten egg! U.S.-based digital asset exchanges are pursuing initial public offerings (IPOs) despite the threat of extra regulatory scrutiny that comes with public listings. Late last week, Bloomberg reported that the Gemini exchange run by Cameron and Tyler Winklevoss had “confidentially” filed for an IPO, citing sources familiar with the matter. Last month, Bloomberg reported that Gemini was discussing the possibility of an IPO with advisers but that no decision had been made. The IPO, which presumably would occur on the tech-friendly Nasdaq stock…