Author: Yeek.io

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…

Goldshell operates as a subsidiary of Intchains Group Limited (Nasdaq: ICG) which launched the Goldshell Wallet as an air-gapped self-custodial cold wallet to improve security and user accessibility for cryptocurrency storage. The wallet prioritizes complete user management through a design that blocks network connections to defend digital assets against hacking and unwarranted system access. The Goldshell Wallet delivers advanced security alongside user-friendly features that make it an ideal choice for novices and advanced crypto holders. Cryptocurrencies Supported by Goldshell Wallet The Goldshell Wallet allows storage for more than 1,000 cryptocurrency options that include Bitcoin ($BTC), and Ethereum ($ETH), alongside numerous…

A new prediction market platform Truemarkets has finally launched after raising over $4 million through its public Oracle Patron NFT sale in Nov. 2024, with Buterin minting 400 NFTs. Truemarkets (TRUE), the decentralized prediction market platform built on the Base Layer 2 blockchain has officially launched. Similar to Polymarket, Truemarkets aggregates breaking headlines across different topics (politics, pop culture, etc.) in real-time, bringing real-world data to the on-chain ecosystem. Like Polymarket, it also allows users to bet on the outcomes of events, reflecting the current public sentiment. Additionally, Truemarkets encourages participation by offering rewards for accurate predictions. Specifically, Truemarkets creates…

What Are CBDCs and DeFi?CBDCs are digital forms of a country’s fiat currency, like dollars or euros, that a central bank issues and secures. It’s cash, kind of, but on your computer or phone. They are managed by central banks, like the Federal Reserve or European Central Bank. They’re looking to use CBDCs so payments can be faster, cheaper, and more secure. Other nations like China and the Bahamas have also begun testing their own versions. It’s going into the digital age for traditional banking.Meanwhile, DeFi is all about cutting out the middleman. It uses blockchain technology (same technology behind…

The cryptocurrency market is evolving rapidly, with increasing institutional interest in altcoin ETFs and blockchain innovations. REX and Osprey’s MOVE ETF filing marks a significant step for the Move ecosystem, potentially driving greater adoption and investment. However, regulatory hurdles and competition remain key challenges. Will Move and altcoins seize this opportunity, or will obstacles slow their growth?Rex Share and Osprey Fund File for MOVE ETF ApprovalAsset management firms REX and Osprey have filed for U.S. Securities and Exchange Commission (SEC) approval of the MOVE ETF. This fund will track the performance of the MOVE token, the native asset of the…

Bitcoin’s potential retracement to $70,000 may be an organic part of the current bull market, despite crypto investor concerns of an early arrival of a bear market cycle.Bitcoin (BTC) fell more than 14% during the past week to close around $80,708 after investors were disappointed with the lack of direct federal Bitcoin investments in President Donald Trump’s March 7 executive order that outlined a plan to create a Bitcoin reserve using cryptocurrency forfeited in government criminal cases.Despite the drop in investor sentiment, cryptocurrencies and global markets remain in a “macro correction” as part of the bull market, according to Aurelie…

The stablecoin market cap has reached a new all-time high of $226.8 billion, up from $132 billion in January 2024. According to data from DefiLlama, $2.43 billion in stablecoins was added in the past week alone. With a market value of $143 billion, Tether (USDT) is still the largest stablecoin, accounting for 63% of the market. USDT’s market capitalization is roughly three times that of USD Coin (USDC), which has a market capitalization of $57 billion. Notably, Ethena USDe (USDE) has surged to become the third-largest stablecoin, now boasting a $5.45 billion market capitalization. Solana (SOL) has seen the most…