Author: Yeek.io

Homepage > News > Business > Tether v Circle: The knife fight for stablecoin supremacy The world’s two largest stablecoin issuers are locked in a Darwinian struggle for survival; each convinced that there’s only room for one atop the big crypto mountain. On March 3, the Tether (USDT) stablecoin issuer announced the appointment of Simon McWilliams as its new chief financial officer “as the company takes a historic step toward a full financial audit.” McWilliams, a senior business advisor at fintech firm WizzFinancial, previously occupied the CFO role at investment manager LetterOne and was chief operating officer at hedge fund…

A pair of posts by President Donald Trump about his plans for a US crypto reserve “triggered a marketwide rebound” in cryptocurrencies on March 2, with global market capitalization increasing nearly 7% to $3.04 trillion, Cointelegraph reported.Still, on closer examination, a crypto strategic reserve — presumably along the lines of the US Strategic Petroleum Reserve, created in the 1970s after the Arab oil embargo — raises as many questions as it answers.There was controversy, if not confusion, about what sorts of crypto would comprise the “reserve,” as well as whether the US would purchase crypto for the reserve, as opposed…

A pair of posts by President Donald Trump about his plans for a US crypto reserve “triggered a marketwide rebound” in cryptocurrencies on March 2, with global market capitalization increasing nearly 7% to $3.04 trillion, Cointelegraph reported.Still, on closer examination, a crypto strategic reserve — presumably along the lines of the US Strategic Petroleum Reserve, created in the 1970s after the Arab oil embargo — raises as many questions as it answers.There was controversy, if not confusion, about what sorts of crypto would comprise the “reserve,” as well as whether the US would purchase crypto for the reserve, as opposed…

A pair of posts by President Donald Trump about his plans for a US crypto reserve “triggered a marketwide rebound” in cryptocurrencies on March 2, with global market capitalization increasing nearly 7% to $3.04 trillion, Cointelegraph reported.Still, on closer examination, a crypto strategic reserve — presumably along the lines of the US Strategic Petroleum Reserve, created in the 1970s after the Arab oil embargo — raises as many questions as it answers.There was controversy, if not confusion, about what sorts of crypto would comprise the “reserve,” as well as whether the US would purchase crypto for the reserve, as opposed…

Solana co-founder and CEO Anatoly Yakovenko said he would prefer no US crypto reserve, citing the risks to decentralization if a government was in charge. On March 6, Yakovenko posted on X, sharing the order of his preferences regarding a US reserve of cryptocurrencies. The Solana co-founder said his No. 1 preference would be having no reserve because putting the government in charge may cause decentralization “to fail.”Yakovenko said his second preference was for states to run their own crypto reserves. The Solana CEO said this could act as a hedge against the Federal Reserve making a mistake. On March 2, US…

Bitcoin staking platform Solv Protocol has entered a strategic partnership with Soneium, the Ethereum layer 2 blockchain backed by Japan’s Sony Group, expanding BTC staking to the network. Announced on Mar. 6 on Solv Protocol’s official Medium page, this partnership aims to bridge Bitcoin (BTC) and Ethereum’s (ETH) expanding decentralized finance ecosystems. Through this integration, SolvBTC holders can stake their assets, earn rewards, and access cross-chain liquidity within the Soneium ecosystem. SolvBTC is a token that is 1:1 backed by Bitcoin, earned when users deposit Bitcoin into Solv Protocol.  Furthermore, SolvBTC Liquid Staking Tokens, SolvBTC.LSTs, will make advanced yield strategies…

A Solana-based ‘Hong Kong coin’ is being promoted by an X account impersonating as the Chief Executive of Hong Kong. Authorities and regulators have warned traders not to get scammed by the fake coin. On March 6, Hong Kong lawmaker and active crypto supporter Johnny Ng warned traders that an account impersonating the Hong Kong Chief Executive John Lee was promoting a Solana (SOL)-based coin claimed to be the region’s “National Hong Kong coin.” Ng confirmed that the coin was false and that the Hong Kong government is not involved in the launch at all, labeling it a scam. “The…

ETH ETF flows briefly turned positive on Tuesday but logged $63M outflows on Wednesday.  There was an increased interest in ETH as a corporate treasury asset.  Ethereum [ETH] ETF flows turned positive after 10 days of an outflow trend, signaling a likely renewed demand for the altcoin.  On the 4th of March, the products logged $14.58M inflows, and marched with a relatively stronger trading volume, noted Matthew Sigel, head of digital research at VanEck. He said, “ETH – Yesterday marked the first positive flow day for ETH ETPs in 10 trading sessions. Trading volumes were also strong yesterday at $527mn…

Kraken confirmed it will begin the next round of FTX payouts on May 30, covering claims both below and above $50,000. According to FTX creditor representative Sunil’s recent post on X, Kraken has begun sending emails to FTX users, confirming that the next round of FTX payout distribution will take place on May 30. This distribution, which marks the second round of FTX repayments, will cover claims both below and above $50,000. FTX Claims DistributionDistributor: Kraken@krakenfx has started sending out emailsto FTX customers confirming the Next FTX distribution 30th May 2025Claims <$50k and Claims> $50k are included in this distribution…

The M2 money supply includes cash, checking deposits, and other liquid assets. Historically, Bitcoin’s price often rises when M2 expands, as more liquidity pushes investors toward alternative assets like crypto.Colin Talks Crypto, a popular analyst on X (Twitter), pointed to a sharp increase in global M2. He described the jump as a “vertical line” on the chart, signaling an upcoming surge in asset prices. He believes the rally will benefit stocks, Bitcoin, and the wider crypto market.Vandell, co-founder of Black Swan Capitalist, agrees that global M2 directly impacts Bitcoin. He notes that market downturns often follow M2 declines by about…