Author: Yeek.io

The US Senate has passed a resolution to repeal a Biden-era rule that would require decentralized finance (DeFi) protocols to report to the Internal Revenue Service (IRS).The Senate voted 70 to 27 on March 4 to approve a motion to repeal the rule that would expand existing IRS reporting requirements to include decentralized exchanges and require brokers to disclose gross proceeds from crypto sales, including information regarding taxpayers involved in the transactions.The resolution now moves to the House, where it will need to be passed before being sent to President Donald Trump. The White House’s AI and crypto czar David…

Dogecoin’s cup-and-handle pattern suggested a breakout, with resistance levels at $0.50, $0.75, and $1.00. Bitwise files for a Dogecoin ETF, sparking speculation on institutional interest and a potential price surge. Dogecoin [DOGE] is forming a classic cup-and-handle pattern, a bullish continuation formation often associated with long-term accumulation before a potential breakout.  Meanwhile, the pattern began taking shape following a prolonged downtrend from its all-time high in May 2021, where DOGE experienced a rounded bottom that extended into late 2023. A breakout above the descending trendline in early 2024 saw Dogecoin climb to $0.2408 before pulling back to $0.1934, a 19.28%…

Investing in cryptocurrencies priced below $0.50 presents a thrilling chance to tap into undervalued assets teeming with growth potential. While the future of any investment carries uncertainty, certain projects are making waves due to their solid real-world applications and expanding user base. Here’s your guide to the top crypto gainers to buy for 1000x returns. 1. Web3Bay (Web3BAY) Web3Bay is swiftly catching the eye of investors, having raised over $1.6 million in its early fundraising stages. Now in stage 5, it has sold over 400 million tokens at $0.005247 each, signaling strong interest from savvy investors and major players in…

Este artículo también está disponible en español. Bitcoin price started a fresh decline below the $90,000 zone. BTC is back below $88,500 and might struggle to regain bullish momentum. Bitcoin started a fresh decline below the $92,000 zone. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $85,000 zone. Bitcoin Price Faces Resistance Bitcoin price started a fresh decline…

Este artículo también está disponible en español. Ethereum price started a fresh decline below the $2,350 zone. ETH is now correcting some losses from the $2,000 support and might face hurdles. Ethereum started a fresh decline below the $2,320 support zone. The price is trading below $2,220 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,230 and $2,275 resistance levels to start a decent increase. Ethereum Price Finds Support At $2,000 Ethereum price…

Wallets belonging to the defunct crypto exchange FTX and bankrupt trading firm Alameda Research unstaked over 3 million Solana tokens, its largest SOL unlock since it started selling off company tokens in November 2023.On March 4, blockchain analytics firm Lookonchain flagged FTX and Alameda’s wallets unstaking 3.03 million Solana (SOL). At the time of the unlock, the tokens were worth around $431 million. Since unlocking staked SOL, the bankrupt crypto firms have deposited about 25,000 SOL worth roughly $3.3 million at Binance. The most recent unlock is FTX and Alameda’s largest unstaking since November 2023 when the companies unstaked 2.1 million SOL,…

Ricardo Salinas, the billionaire owner of Mexican conglomerate Grupo Salinas, revealed in a recent interview that he has allocated 70% of his investment portfolio to bitcoin and bitcoin-related assets. The prominent bitcoin advocate disclosed that the remaining 30% of his portfolio consists of gold and shares in his own companies. He stated, “I don’t have a single bond, and I don’t have any other stocks except my own.” Salinas, whose net worth is estimated at $4.8 billion, has significantly increased his bitcoin exposure from 10% in 2020. The billionaire has been a vocal supporter of bitcoin, and he plans to…

The US Securities and Exchange Commission will dismiss its case against the Chicago-based Cumberland DRW, the crypto trading firm says.“Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW,” Cumberland wrote in a March 4 X post. Cumberland said the filing was agreed in principle between Cumberland DRW and SEC staff on Feb. 20 and is currently awaiting the agency’s approval. It’s the latest crypto-related lawsuit the SEC has agreed to drop. It has previously dropped cases against crypto exchanges Coinbase and Kraken, along with crypto firm Consensys. The regulator…

Pepe fell below the support zone from February and bears remained in control. The slight bullish momentum divergence might not amount to a sizable price bounce shortly. Pepe [PEPE] retested a key level as resistance yet again. This came after it slipped below the 78.6% retracement level plotted based on the rally that commenced in the second half of 2024. The loss of the February lows meant the bearish pressure was firm. Pepe was not the only token suffering under the yoke of the sellers- it was a common theme across the market, but especially in the memecoin sector. PEPE…

The crypto market is witnessing a fresh cascade of liquidations as President Trump’s tariff threats become reality. Trump has officially implemented 25% tariffs against both Canada and Mexico, triggering a 500 point drop in the Dow, alongside small drops in the Nasdaq and S&P 500. In the crypto market, liquidations crossed more than $1 billion in just 24 hours, with about 68% of the liquidations hitting traders going long, according to the crypto data aggregator CoinGlass. Bitcoin’s volatile swings continue, with BTC touching $81,879 before rising to $86,400 at time of publishing. The majority of liquidations hit BTC, followed by…