Author: Yeek.io

Bitwise files 19b-4 for Dogecoin ETF, with Coinbase Custody and BNY Mellon managing assets Dogecoin ETF approval chances climb to 66%, but DOGE’s price fell by 11.69% Bitwise has taken a major step towards launching a Dogecoin [DOGE] exchange-traded fund (ETF), with a 19b-4 filing submitted by NYSE Arca to the U.S. Securities and Exchange Commission (SEC). The proposed ETF, if approved, will see Coinbase Custody serving as the custodian, while BNY Mellon will oversee cash management, administration, and record-keeping. Bitwise files for Dogecoin ETF This latest filing follows Bitwise’s earlier S-1 submission, signaling growing institutional interest in Dogecoin and…

A cryptocurrency subsidiary of the Japanese financial conglomerate SBI is preparing to roll out support for Circle’s USDC stablecoin as local regulators soften stablecoin rules.On March 4, SBI VC Trade announced the completion of the first registration related to stablecoin transactions, enabling the firm to start processing USDC (USDC) transactions.After receiving full registration, SBI VC Trade expects to be among the first financial platforms in Japan to offer cryptocurrency trading in USDC, the announcement noted.The platform plans to launch a USDC trading trial for selected users on March 12 and expects a full-scale USDC rollout in the near future.Source: SBI…

VanEck’s head of digital assets research, Matthew Sigel, has warned that upcoming Solana network upgrades could significantly impact validator earnings while raising centralization risks. Sigel outlined three major proposals — SIMD 096, SIMD 0123, and SIMD 0228 — in a post on X on Mar. 4. These proposals seek to improve Solana’s (SOL) economic framework but have the potential to reduce validator revenue by up to 95%.  Solana has several upcoming protocol upgrades, known as SIMDs, aimed at enhancing its technical capabilities and economic framework. These changes could help stabilize and strengthen Solana’s position in the crypto ecosystem moving forward.Solana…

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…

Trump Pauses Tariffs on Canada and Mexico, but China Faces Trade War EscalationIn a high-stakes trade negotiation, former U.S. President Donald Trump has agreed to delay imposing 25% tariffs on Canada and Mexico for 30 days, temporarily easing tensions between North America’s largest trading partners. However, China was not granted the same reprieve, as a 10% tariff on Chinese imports officially took effect, prompting swift retaliation from Beijing.Temporary Relief for Canada and MexicoThe breakthrough with Canada came after last-minute calls between Trump and Canadian Prime Minister Justin Trudeau. In exchange for pausing tariffs, Trudeau committed to bolstering border security, particularly…

Homepage > News > Business > Japan eyes public services modernization Japanese authorities have expressed a keen intent to integrate emerging technologies into the nation’s public services, eyeing modernization and efficiency for residents within three years. According to a report, the country is focused on improving its water supply and sewage systems with next-generation technologies to ensure consumer safety. Administrators prioritize the wholesale integration of artificial intelligence (AI), the Internet of Things (IoT), and blockchain. The government’s stance was disclosed following a digital administrative and fiscal reform panel meeting with Prime Minister Shigeru Ishiba, who led the group. Minutes of…

Over $600 million worth of SUI have been withdrawn from protocols as the market turned bearish. Technical analysis of the chart suggested a massive plunge back to the $1 region. In the past 24 hours, Sui [SUI] dropped by 17.77%, bringing its price to $2.43 at press time. This sentiment has been driven by the overall bearish market conditions. The market reaction remains negative, with massive liquidity outflows and the possibility of further price declines in the coming trading sessions. Massive outflows—Is $1 near? There has been a massive liquidity outflow from SUI in the last 24 hours across different…

Bybit’s CEO, Ben Zhou, has provided updates on the recovery of funds stolen during a major hack on the exchange. The incident, which occurred on February 21, involved approximately $1.4 billion worth of cryptocurrency, making it one of the largest hack on a centralized exchange in the crypto market. The attack, attributed to the Lazarus Group, resulted in the loss of 400,000 ETH-related tokens and other assets. Zhou stated that around 20% of the stolen funds have “gone dark,” while 77% remain traceable, and 3% have been frozen. Rising Concerns Over Decentralized Protocols Bybit CEO Zhou emphasized that the upcoming…

Bitcoin may struggle to move above $94,000 after its failed attempt to reclaim the price level two days ago, Bitfinex analysts say.“Any recovery to take the price back above $94,000 might face significant resistance,” Bitfinex analysts said in a March 3 markets report. Bitcoin (BTC) fell below $94,000 on March 2 and has yet to bounce back.Strong spot Bitcoin market sell-pressure nulls Trump gainsThe Bitfinex analysts linked this prediction to the recent volatility following US President Donald Trump’s March 1 announcement pledging a crypto reserve, which saw Bitcoin quickly surge 12% from $85,000 to $95,000.However, the analysts said that intense…

Trump’s Tariff Announcements Shake Markets: Stocks and Crypto PlummetRecent statements from former U.S. President Donald Trump regarding tariffs have sent shockwaves through both the traditional and crypto markets. Trump firmly declared:“There is no room for negotiation on tariffs with Mexico and Canada anymore.”As a result, the stock market experienced a sharp downturn:Dow Jones: -1.7%S&P 500: -2%NASDAQ: -2.6%Meanwhile, the crypto market took an even harder hit:Bitcoin (BTC): -8%Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA): -14% to -16%Notably, even the Mexican peso and Canadian dollar declined following the announcement.The turmoil doesn’t stop there. Trump also revealed that tariffs on agricultural imports will…