Author: Yeek.io

The US Office of the Comptroller of the Currency (OCC) has eased its stance on how banks can engage with crypto just hours after US President Donald Trump vowed to shut down Operation Chokepoint 2.0 — the prolonged crackdown restricting crypto firms’ access to banking services.“Crypto-asset custody, certain stablecoin activities, and participation in independent node verification networks such as distributed ledger are permissible for national banks and federal savings associations,” the OCC said in a March 7 statement.OCC’s new guidance will “reduce the burden” on banksThe OCC confirmed in a document titled Interpretive Letter 1183 that OCC-supervised financial institutions no…

Solana native token, SOL (SOL), is up by 17% after falling to a low of $125 on Feb. 28. However, it encountered strong resistance near the $180 mark. More significantly, the current price of $145 represents a 50% decline from its all-time high of $295 on Jan. 19, raising concerns among traders about SOL’s ability to regain bullish momentum.While analysts attribute the sharp decline in SOL’s value to the memecoin market crash, onchain activity has declined across various sectors, including liquid staking, tokenized assets, yield aggregators, synthetic perpetuals, NFT marketplaces, and artificial intelligence infrastructure.Solana 7-day blockchain fees, USD. Source: DefiLlamaDecreased…

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. Litecoin (LTC) has shown resilience amid market uncertainty and selling pressure, holding its ground despite the broader downtrend in cryptocurrencies. After retracing from $130 to the $100 mark, LTC has successfully held this crucial support, signaling that bulls are…

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. The recent Bitcoin price crash below $90,000 came as a shock to the broader crypto community, especially amid expectations of a continued bull market rally. Despite the volatility and ongoing declines, a crypto analyst projects an even greater crash,…

A widely followed crypto analyst is updating his outlook on Bitcoin (BTC) after President Donald Trump announced the creation of a Federal crypto strategist reserve earlier this week. In a new strategy session, pseudonymous crypto trader Kaleo tells his 692,800 followers on the social media platform X that the unveiling of the strategic reserve is the most bullish announcement he’s heard in the history of the crypto king. “Bitcoin has literally never had a more bullish announcement and some people are selling here.” According to Kaleo, those panic selling the news are making a huge mistake, as he predicts the…

Amazon has updated its purchasing terms for Kindle e-books in the United States to clarify that customers are acquiring a license to the content, not ownership. The new statement reads: “By placing your order, you’re purchasing a license to the content and agree to the Kindle Store Terms of Use.” This update is specific to U.S. customers; international users continue to see the previous wording, but the message is the same: You don’t own it; we are only letting you use it. Starting February 26, 2025, Amazon will discontinue the “Download & Transfer via USB” feature for Kindle devices. This…

United States Treasury Secretary Scott Bessent said the US government will use stablecoins to ensure that the US dollar remains the world’s global reserve currency during the White House Crypto Summit on March 7.Bessent reiterated the Trump administration’s promise to end the war on crypto and committed to rolling back previous IRS guidance and punitive regulatory measures. Bessent then turned his attention to stablecoins and said:”We are going to put a lot of thought into the stablecoin regime, and as President Trump has directed, we are going to keep the US [dollar] the dominant reserve currency in the world, and…

Bitcoin analysts are signaling limited upside potential for the cryptocurrency following disappointment over US President Donald Trump’s Strategic Bitcoin Reserve plan, which did not involve direct government purchases of Bitcoin, contrary to some expectations.Trump’s executive order, signed on March 7, outlined a plan to create a Bitcoin reserve using cryptocurrency forfeited in government criminal cases rather than actively acquiring Bitcoin (BTC) through market purchases, Cointelegraph reported.Bitcoin plunged over 6% after the announcement, falling from $90,400 to $84,979, Cointelegraph Markets Pro data shows.BTC/USD, 24-hour chart. Source: CointelegraphBitcoin’s price action may lack any significant upside due to this initial investor disappointment, according…

  XRP’s Open Interest has risen by 5.63%, it dropped after an internal buy-side liquidity sweep. The rise in XRP’s price is being driven by leveraged positions, signaling elevated risk in the market. Ripple’s [XRP] price chart showed a volatile market, with the price recently oscillating around the $2.50 level, marking crucial internal sell-side and buy-side liquidity points. Liquidity sweeps often precede major moves, as observed when XRP dropped after buy-side liquidity ran around the $3.00 zone. In particular, after reaching a peak of $3.38, Ripple has dropped to its current level of approximately $2.50. This decline is supported by…

White House crypto czar David Sacks has further elaborated on the US government’s decision to treat Bitcoin as a special reserve asset, calling it a “scarce” digital resource that could benefit the country over the long term. In a March 7 interview with Bloomberg Technology, Sacks said, “We’ve decided that Bitcoin is scarce, it’s valuable, and that it’s strategic for the United States to hold on to this as a long-term reserve asset.”Sacks was referring specifically to the roughly 200,000 Bitcoin (BTC) currently in the US government’s possession. However, he acknowledged that the exact number of BTC held by the government…