Author: Yeek.io

Binance, the world’s largest centralized exchange, has announced a community co-governance structure that allows Binance users to vote to list or delist tokens on the platform.According to the announcement, Binance will select projects which the community can vote on. Tokens that receive the most votes will be listed on Binance following due diligence from the centralized exchange company.Projects that fail to provide regular progress updates or necessary token information, engage in malfeasance, or have inactive developer teams and communities will be placed in the platform’s “monitoring zone.”Once the projects are in the monitoring zone, Binance community members can vote to…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin whale holdings have reached their lowest level in six years, raising concerns about the asset’s price trajectory amid its current price struggles. Interesting data from on-chain data analytics platform IntoTheBlock shows that the aggregate amount of Bitcoin held by whales has dropped to levels last seen in 2019. The decline comes at a time when Bitcoin is struggling to maintain momentum above $90,000, with most of the past week’s trading occurring between $85,000 and $90,000. Whale Holdings Plummet As Netflow Drops Sharply Bitcoin has been under…

The price of XRP has recorded a significant downtrend in the last 24 hours, declining by almost 5% according to data from CoinMarketCap. Amidst this price fall, renowned market analyst Ali Martinez has stated there is a strong bearish pattern forming on the XRP price chart signaling further price drops ahead. XRP Faces Bearish Breakdown As Head-And-Shoulders Pattern Emerges Over the last week,  XRP investors have witnessed both sides of the crypto market volatility after a spontaneous 30% surge to $3.00 was followed by a bearish price action of almost equal strength. Currently, XRP trades at around $2.30 in a…

Binance, the world’s largest centralized exchange, has announced a community co-governance structure that allows Binance users to vote to list or delist tokens on the platform.According to the announcement, Binance will select projects which the community can vote on. Tokens that receive the most votes will be listed on Binance following due diligence from the centralized exchange company.Projects that fail to provide regular progress updates or necessary token information, engage in malfeasance, or have inactive developer teams and communities will be placed in the platform’s “monitoring zone.”Once the projects are in the monitoring zone, Binance community members can vote to…

In the derivatives market, traders are bullish and betting on a MOVE rally. However, spot traders are selling, which could hinder its upward momentum. Movement [MOVE] remained among the top gainers in the market, jumping 7.33% in the past 24 hours and extending its weekly gain to 16.73% during this period. While the market still shows potential for further upside, the current selling pressure from profit-taking could delay the asset from reaching higher highs. Forces behind MOVE’s rally The recent surge in MOVE has been driven by buyers in the derivatives market over the past 24 hours. The buying volume…

Bitcoin (BTC) still risks a crash to $75,000 as BTC price weakness accelerates into the weekly close.How low can BTC price action go before finding a bottom? Popular market participants weigh in as data from Cointelegraph Markets Pro and TradingView shows BTC/USD down over 3% on March 9.Bitcoin eats through bid liquidityExchange order books are forming an area of intense interest among Bitcoin traders as the weekly candle close nears.Liquidation levels on either side of the spot price look ripe for the taking, with longs already paying as BTC/USD sags to $83,000.“Liquidation map says: Whales hunting stops!” popular trader TheKingfisher…

Only 4% of the global population currently holds Bitcoin (BTC), with the highest concentration of ownership in the United States, where an estimated 14% of individuals own BTC.According to a research report from River, a BTC financial services company, North America remains the continent with the highest adoption rate among individuals and institutions, while Africa is currently the lowest at only 1.6%.Overall, BTC adoption tended to be higher in more developed regions than in developing regions. River estimates that BTC has only achieved 3% of its maximum adoption potential — signaling that the digital currency is still in the early…

PEPE, the third-largest meme token, has lost a critical $0.00000770 support level. Could this breakdown signal further downside, or is a rebound on the horizon? Amid crypto market volatility, the memecoin sector has surged 7.07%, pushing its total market value to $57.64 billion.  Interestingly, while high-cap memecoins face sell pressure, mid and low-cap tokens are outperforming with double-digit gains – suggesting a shift in liquidity toward riskier, high-reward plays. However, Pepe [PEPE], the third-largest meme token, has breached the $0.00000770 support, extending its weekly losses to 15%.   Source: TradingView (PEPE/USDT) PEPE’s network activity has collapsed, with active addresses dropping from…

The recent performance of Dogecoin (DOGE) shows the token’s inherent volatility. Over the past 24 hours, DOGE experienced a 4.90% decline, bringing its price down to $0.1844. This short-term drop indicates that sellers are currently in control, possibly triggered by profit-taking or cautious sentiment among traders. However, when looking at the 30-day performance, DOGE is 27.65% down, which points to a longer-term bearish trend. Dogecoin Price Analysis Volume trends are critical in understanding these price fluctuations. Increased trading volume during sharp declines may suggest that large holders, or “whales,” are offloading their positions. While short-term rallies can sometimes offer buying…

Cronos is in the red following the community’s proposal to undo a major token burn that incinerated 70 billion tokens in 2021.  At last check Sunday, Cronos (CRO) — formerly known as the Crypto.com Coin — is in the red. See below. Source: CoinGecko The downturn comes as third-party data shows that the volume of tokens handled in its decentralized exchange protocols like VVS Finance has jumped.  According to DeFi Llama, the weekly volume soared by 140% to $123.2 million, bringing the cumulative total to $13 billion. Most of this volume was from VVS Finance, the biggest DEX network on…