Author: Yeek.io

Opinion by: Mateusz Kara, co-founder and CEO of Ari10President Donald Trump’s return to office has signaled a new era for crypto in the US, but the country has much to do to catch up with Europe.Trump has outlined grand plans and made sweeping promises to transform the US into a crypto haven. At this year’s World Economic Forum in Davos, Trump pledged to make the US the “world capital” of crypto, with a wave of pro-crypto policies, investments and regulatory clarity set to follow. Crypto is becoming an increasingly strategically important industry and is expected to grow to $38.6 billion by…

A network hoping to become a parallel internet for blockchains is planning for a public mainnet launch in the second half of 2025 after recently completing a $28 million funding round and testnet beta launch.The DoubleZero Network hopes to be an alternative to the public internet that allows network operators to contribute underutilized bandwidth to a dedicated network built for systems like blockchains, according to a March 5 statement from the DoubleZero Foundation.Austin Federa, co-founder of DoubleZero, said in a March 5 post to X that the project is an attempt to bring private networking technology to blockchains and distributed…

Homepage > News > Business > South African DeFi users to hit 380,000 in 2025: study South Africa’s decentralized finance (DeFi) market is expected to reach 378,000 users by the end of this year, a new study by the country’s financial industry watchdog says. “Market Study: Decentralised Finance in South Africa,” was conducted by the Financial Sector Conduct Authority and delved into the growth of DeFi in the country and the opportunities and risks consumers face. The study, which involved 21 DeFi services operating in South Africa, found that the DeFi market hit $116 million in 2024. It projects that…

Shibburn has flagged a massive burn of 20MShiba SHIB, slashing the circulating supply in one move.  Can this burning mechanism truly drive sustainable upward momentum? On-chain data tracker Shibburn has reported a massive 20,000,000 Shiba Inu [SHIB] burn transaction, significantly reducing the circulating supply of the token.  An anonymous whale executed a burn as part of today’s 20.79 million SHIB burn, increasing the daily burn rate by 34.24%. Token burning is vital to SHIB’s tokenomics, aiming to create deflationary pressure and potentially boost its value over time. However, despite these burns, SHIB’s price remains volatile, currently down 60% from its…

On March 4, Ethereum’s native token, Ether (ETH), dropped to a new yearly low of $1,996, marking the altcoin’s lowest value since November 2023. In that 24-hour period, roughly $100 million in Ethereum positions were liquidated, with ETH futures open interest (OI) declining 10.31% across all exchanges. Ethereum 1-day chart. Source: Cointelegraph/TradingViewIs Ether price at a generational entry or lost cause?The second largest cryptocurrency is drawing mixed opinions from the crypto industry. Ethereum’s Pectra upgrade was deployed on the Sepolia testnet on March 5, and Gabriel Halm, a research analyst at IntoTheBlock, believed it could potentially ease ETH’s recent selling…

The long-defunct Mt. Gox exchange has shifted a massive $1 billion worth of Bitcoin, marking its first major transaction in over a month. On Mar. 6, blockchain analytics firm Arkham Intelligence flagged the movement of 12,000 Bitcoin (BTC) from a Mt. Gox-linked wallet (1PuQB). The transaction, which cost just $1.64 in fees, distributed 166.5 BTC (~$15 million) to the exchange’s cold storage (1Jbez), while the remaining 11,834 BTC was sent to an unknown wallet (1Mo1n). Mt. Gox-affiliated wallets now hold around 36,080 BTC, valued at approximately $3.26 billion, according to Arkham Intelligence data. This is the first activity from these…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

Ethereum’s price has mirrored Bitcoin’s recent market movements. ETH experienced a rollercoaster performance earlier this week before rebounding with a 10% increase in the past 24 hours. This recovery follows a broader market correction that initially led to fear among investors. While Ethereum’s performance remains closely linked to Bitcoin’s price action, recent on-chain data suggests that ETH may enter a renewed accumulation phase. MVRV Ratio and Institutional Accumulation Trends A post uploaded on the CryptoQuant QuickTake platform by a contributor known as Mac has particularly pointed out Ethereum’s Market Value to Realized Value (MVRV) ratio, which suggests the asset is…

Who is Changpeng Zhao? He is the founder and former chief executive of Binance, known worldwide as the largest cryptocurrency exchange by trading volume. Known more commonly by his sleek initials, CZ, Changpeng Zhao has been instrumental in shaping the crypto exchange landscape, drawing both admiration and controversy.From fast-paced growth to legal scrutiny, his journey reflects the broader challenges of the cryptocurrency market. In this article, we explore CZ’s background, his impact on crypto projects, and the high-profile legal issues that have recently shaped his public image.Who is Changpeng Zhao?Changpeng Zhao, also known as CZ, is an entrepreneur who emerged…

Australia’s next federal election, set for mid-May, could be a key inflection point for institutional crypto participation, according to crypto exchange OKX Australia’s newly appointed CEO.Speaking to Cointelegraph, OKX Australia CEO Kate Cooper said one of her hopes for the upcoming election is the introduction of the crypto legislation that’s already been designed and consulted on for the last two years.In August 2022, the Australian government announced that it would initiate a series of consultations with industry players, investors and stakeholders to start drafting a regulatory framework for the cryptocurrency sector. Source: Kate Cooper “I think the industry as a whole has…