Author: Yeek.io

Cryptocurrency companies spent more than $134 million on the 2024 US elections, fueling concerns about their growing political influence and potential risks to regulatory stability, according to a report by the Center for Political Accountability (CPA).The growing connection of crypto firms with US politics is raising newfound concerns for regulators, investors and the wider financial system, according to a report released by the Center for Political Accountability (CPA).Cryptocurrency firms shelled out a cumulative $134 million on the 2024 US elections in “unchecked political spending,” which presents some critical challenges, the March 7 report stated.“While the companies making these contributions may…

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 recently published Dogecoin (DOGE) chart by analyst Paul (@Zig_ZagTrades) suggests that the popular meme-based cryptocurrency could slide as low as $0.12 in a final corrective phase before attempting a significant rebound. The 1-day chart, shared on X, outlines…

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. Bitcoin (BTC) continues to face massive selling pressure, with prices dropping below the $85,000 mark, marking a 12% decline since last Friday. The recent downturn has fueled panic selling and heightened fear, leading many investors to speculate about the…

An unknown attacker prompted Ethereum developers to roll out a “private fix” as the network grappled with technical issues during the Pectra upgrade on the Sepolia testnet. In a post-incident report, Ethereum developer Marius van der Wijden revealed that the attacker exploited an overlooked “edge case,” repeatedly triggering errors by sending zero-token transfers to the deposit contract, further complicating an already troubled rollout. What happened? On March 5, the Pectra upgrade went live on Sepolia, but almost immediately, developers started seeing error messages popping up on their geth nodes, alongside an increase in empty blocks being mined. According to van…

Cryptocurrency companies spent more than $134 million on the 2024 US elections, fueling concerns about their growing political influence and potential risks to regulatory stability, according to a report by the Center for Political Accountability (CPA).The growing connection of crypto firms with US politics is raising newfound concerns for regulators, investors and the wider financial system, according to a report released by the Center for Political Accountability (CPA).Cryptocurrency firms shelled out a cumulative $134 million on the 2024 US elections in “unchecked political spending,” which presents some critical challenges, the March 7 report stated.“While the companies making these contributions may…

World Liberty Financial, the cryptocurrency investment platform backed by U.S. President Donald Trump, has seen its portfolio drop by $110 million in unrealized losses.  According to data from Arkham Intelligence, WLFI’s investment of $336 million across nine cryptocurrencies is now worth approximately $226 million. Of the portfolio’s losses, Ethereum (ETH) is responsible for 65%. Ethereum is trading at around $2,000 as at Mar. 10, meaning that WLFI, which bought it at an average price of $3,240,  is down an estimated $80.85 million, or almost 37% of its total investment. Tron (TRX) has proven to be the most resilient of WLFI’s…

XRP’s head-and-shoulders pattern is at a critical level, testing key support and resistance. Rising daily active addresses contrast with falling transaction counts, signaling mixed market sentiment. XRP was testing a critical level in its price action, trading at $2.26 at press time and reflecting a 3.26% decline at the time of writing. The price neared the neckline of a head-and-shoulders pattern, which has investors on edge. The left shoulder formed in late 2024, with the head reaching its peak in December.  If XRP can avoid closing below the neckline and rise above the right shoulder, it could invalidate the bearish…

Cryptocurrency exchange-traded products (ETPs) recorded a fourth straight week of outflows, with $876 million in losses during the past trading week.After posting record weekly outflows of $2.9 billion last week, crypto ETPs continued their downward trend, bringing the four-week total outflows to $4.75 billion, CoinShares reported on March 10.While the pace of outflows slowed, investor sentiment remained bearish, according to James Butterfill, head of research at CoinShares.The analyst also suggested that the market has shown signs of capitulation.Bitcoin ETP selling accounted for 86% of total outflowsBitcoin (BTC) ETPs were the primary driver of outflows, accounting for $756 million, or 85%…

XRP (XRP) price has recovered from its low of $1.94 reached on Feb. 28, but it’s still trading below a key resistance zone. Will XRP’s price drop further in the coming days?XRP/USD daily chart. Source: Cointelegraph/TradingViewXRP price must hold above $2.00Today’s drop in XRP price is part of a correction that began on March 3 that saw the relative strength index (RSI) fall sharply following XRP’s drop from $3.00.Key levels to watch:XRP bulls are focused on defending the psychological support at $2.00.This level has not been broken since Dec. 1. The RSI is below the middle line at 42, suggesting that…

World Liberty Financial, the cryptocurrency investment platform backed by U.S. President Donald Trump, has seen its portfolio drop by $110 million in unrealized losses.  According to data from Arkham Intelligence, WLFI’s investment of $336 million across nine cryptocurrencies is now worth approximately $226 million. Of the portfolio’s losses, Ethereum (ETH) is responsible for 65%. Ethereum is trading at around $2,000 as at Mar. 10, meaning that WLFI, which bought it at an average price of $3,240,  is down an estimated $80.85 million, or almost 37% of its total investment. Tron (TRX) has proven to be the most resilient of WLFI’s…