Author: Yeek.io

Homepage > News > Business > Trump’s crypto reserve announcement: XRP, SOL, and ADA included With a “pro-crypto” president in office, the cryptocurrency industry has not had a dull day since the presidential election. While many people hear “pro-crypto” and think it will positively affect the market, the reality of having a pro-crypto president is beginning to look more like a negative catalyst than a boon for the industry. Source: Truth | @realDonaldTrump The most recent event that has made this apparent was Trump’s announcement of a U.S. crypto reserve. At the time of the announcement, the reserve was said…

AAVE bounced back from its recent drop after Aave announced plans to revamp its tokenomics, sparking fresh interest among whale investors. According to data from crypto.news, Aave (AAVE) surged nearly 27%, reaching an intraday high of $220 on March 5, bringing its market cap back to approximately $3.3 billion as of the last check in the Asian afternoon session.  Aave’s daily trading volume doubled to over $850 million, while open interest in its futures market surged 48% to over $257 million, indicating a big jump in investor activity and demand among its derivatives traders. Despite AAVE’s recent rally, the altcoin…

VIRTUAL dipped below the $0.95 key support in its descending triangle, as technical analysis points to a further potential drop toward $0.50. Despite Virtuals protocol’s expansion to the Solana ecosystem, the token has faced a sharp decline in active addresses and revenue alongside whale sell-offs in Q1 2025. Virtuals Protocol [VIRTUAL], the AI-driven blockchain network, saw its token dip by 20.6% in price, over the last 24 hours. At the time of writing, VIRTUAL was trading at $0.8775, with a 16.43% drop in trading volume. Declining Open Interest (OI) and selling pressure raises concerns about whether VIRTUAL can recover from…

Bitcoin’s latest pullback amid broader macroeconomic uncertainty may not see it rebound to its January $109,000 all-time high (ATH) as quickly as some hope, an analyst says.“We should assume that we are in the pullback phase after the ATH and will likely continue to consolidate for some time due to liquidity needs,” CryptoQuant contributor XBTManager said in a March 5 analyst note.Bitcoin long bids “viable” when long-term holders back to buyingXBTManager said once short-term holders of Bitcoin (BTC) — those holding for under 155 days — start selling, and long-term holders start buying again, long positions will “become viable.” Until then,…

The possible purchase is amid longstanding pressure against ByteDance, the China-based parent entity of TikTok, by the US government to sell its operations in the US. The administration of President Trump has pressured TikTok to offload or close the US operation on national security concerns. Although authorities initially prohibited TikTok temporarily this year, they later allowed it to restart operations.There are several technology giants that have expressed interest in buying TikTok US. Elon Musk, MrBeast, and Perplexity, funded by Jeff Bezos, have reportedly submitted bids as high as $50 billion. However, ByteDance has not yet reached a final decision.Ohanian’s plan…

Top NFT Collections (Last 24h) Here are the hottest NFT Collections of the day. Rank Name Volume Transactions Chains URL 1 Uniswap v4 Positions NFT 932.17 ETH 13 ethereum View 2 Pudgy Penguins 336.37 ETH 35 ethereum View 3 CryptoPunks 272.37 ETH 6 ethereum View 4 Bored Ape Yacht Club 245.59 ETH 18 ethereum View 5 Lil Pudgys 192.55 ETH 61 ethereum View 6 Doodles 153.65 ETH 45 ethereum View 7 Milady Maker 137.86 ETH 33 ethereum View 8 Mutant Ape Yacht Club 130.01 ETH 62 ethereum View 9 Azuki 119.90 ETH 16 ethereum View 10 Hedgies 117.05 ETH 17…

Ethereum’s highly anticipated Pectra upgrade was successfully deployed on its final testnet, Sepolia, marking a major milestone in the lead-up to the mainnet activation. However, potential delays remain as developers continue to address outstanding issues from a previous testnet failure.Ethereum’s Pectra upgrade has gathered significant community support as it aims to improve Ether (ETH) staking, layer-2 (L2) network scalability and overall network capacity.Pectra was successfully rolled out on its final testnet, Sepolia, at 7:29 am UTC on March 5.The upgrade, which consists of 11 separate Ethereum Improvement Proposals (EIPs), went live on Sepolia “with a perfect proposal rate,” according to…

zkLend has officially launched its Recovery Portal, allowing users impacted by the platform’s Feb. 12 exploit to claim their lost funds.  The decentralized lending protocol announced the portal’s activation on a Mar. 5 post on X, advising users to verify communications through official channels before accessing their claims. The exploit drained $9.6 million from zkLend’s pools, prompting the platform to halt withdrawals and investigate the breach.  Shortly after the hack, blockchain security firm Cyvers reported that the stolen funds were bridged to the Ethereum (ETH) network. The hacker attempted to launder the funds through Railgun, a privacy protocol. However, Railgun’s…

Trading volume on Pump.fun, a leading Solana-based token launchpad, plunged 63% in February following a string of high-profile memecoin scams that have eroded investor confidence.  Pump.fun volume dropped from $119 billion in January to $44 billion in February, the lowest since October 2024, according to data from a Dune Analytics dashboard. Pump.fun’s new token launches have also drastically decreased, going from 58,000 each day at the beginning of February to 24,000 by Mar. 4. Pump.fun monthly volume. Credit: Dune Analytics Furthermore, the platform’s token graduation rate has decreased from 1.85% to 0.83% per week, meaning that fewer tokens are reaching…

The liquidations in the crypto market have spiked to a significant extent. As per the data from Phoenix Group, the total crypto liquidations have touched the staggering $1B mark over the past twenty-four hours. The crypto analytics firm shared insights into the overall crypto liquidations during the past 24 hours. Bitcoin and Ethereum Incur $372.87M and $201.08M in 24-Hour Liquidations Phoenix Group’s data displays a cumulative $987.80M in the total liquidations taking place in the crypto sector. Bitcoin ($BTC), the top crypto asset went through a liquidation of up to 4.45K $BTC (equaling $372.87M) over the recent 24 hours. In…