Author: Yeek.io

Solana’s planned protocol upgrades are important for the network’s long-term health but could deal a blow to validators’ earnings, according to asset manager VanEck. In March, Solana’s validators will vote on two proposed upgrades — known as Solana Improvement Documents (SIMDs) — to the blockchain protocol designed to ensure rewards for stakers and adjust the inflation rate for the network’s native SOL (SOL) token. Both proposals have generated “significant controversy” because they stand to slash validator revenues by as much as 95%, potentially imperiling smaller operators, VanEck digital asset research head Matthew Sigel said in a March 4 X post. “While these changes…

Este artículo también está disponible en español. Litecoin has faced a massive drop as the entire crypto market experiences intense selling pressure. Increased volatility has driven sharp price swings, with LTC plunging from $130 to $100 in a matter of hours. This steep decline has raised concerns among investors as Litecoin struggles to maintain key support levels. Related Reading Market uncertainty has left Litecoin trading at a crucial level, with bulls trying to defend $100 amid persistent selling pressure. The failure to hold above higher price ranges suggests a weakened bullish structure, increasing the risk of further declines. Top analyst BigCheds…

Trading volume on Pump.fun, a token launchpad in the Solana ecosystem, has plunged 63% from January to February 2025, data from Dune Analytics shows. The decline comes as memecoins face mounting scrutiny amid a string of scandals.In total, the platform’s trading volume declined from $119 billion to $44 billion in the first two months of 2025, with $2.1 billion in trading activity recorded in the past four days.As Cointelegraph reported, new token listings on Pump.fun are also down. After seeing a high of nearly 1,200 tokens per day on Jan. 24, the number dropped below 300 per day in early…

Alexis Ohanian, co-founder of Reddit, has confirmed that he is among those looking to acquire TikTok’s U.S. operations. If the bid to purchase the short-form video platform’s U.S. business succeeds, Ohanian says the goal is to bring it on-chain. The Reddit co-founder noted this after Reuters reported that he had joined Frank McCourt’s bid to buy off TikTok U.S. Ohania, a prominent individual in the social media technology space and across Silicon Valley, will work with McCourt and Project Liberty as a strategic advisor. “TikTok has been a game-changer for creators, and it’s future should be built by them,” Ohanian…

Coinbase co-founder and CEO Brian Armstrong believes the US crypto strategic reserve recently announced by President Donald Trump should exclusively consist of Bitcoin (BTC). On the social media platform X, Armstrong says having “just Bitcoin” in the US crypto strategic reserve “would probably be the best option.” According to the Coinbase CEO, Bitcoin comes with the “simplest and [clearest] story as successor to gold” relative to other crypto assets. “If folks wanted more variety, you could do a market-cap-weighted index of crypto assets to keep it unbiased.” On Sunday, President Trump confirmed that the US will set up a “crypto…

South Africa Reserve Bank(SARB) governor’s question, “Why not strategic beef reserve?” at the 2025 World Economic Forum in Davos may have been rhetorical, but Lesetja Kganyago’s seemingly sarcastic remark about “strategic bitcoin reserves” inadvertently underscored the need for Africa to rethink its economic strategies in the face of global financial shifts. In a world increasingly defined by digital transformation, the concept of money and value storage is evolving rapidly. Africa is no stranger to commodity-based economies. From oil to gold, beef to cocoa, the continent has long relied on natural resources for economic sustenance. However, these commodities are fraught with…

Este artículo también está disponible en español. A well-known market analyst believes Bitcoin is on track to reach new highs this year. Tom Lee, the co-founder of Fundstrat Global Advisors, expects the cryptocurrency to do “better than $150,000” by the end of 2025. Related Reading His latest comments come as Bitcoin struggles with recent volatility but remains a popular investment choice among institutional and retail traders. The co-founder of Fundstrat expressed his opinions on CNBC’s Squawk Box, referencing a variety of favorable fundamentals for the price of Bitcoin. Bitcoin Volatility And Market Movements In recent months, the top coin has…

Bitcoin (BTC) mining stocks are struggling as declining cryptocurrency prices add further pressure to business models strained by the Bitcoin network’s April halving, according to a JPMorgan research note shared with Cointelegraph. Mining stocks tracked by JPMorgan collectively shed 22% in market capitalization in February as Bitcoin’s falling price eroded mining economics, the March 3 report said. Mining stocks such as Riot Platforms (RIOT), Bitdeer (BTDR), Marathon Digital (MARA) and Core Scientific (CORZ) reported their fourth-quarter 2024 earnings in February. Virtually all of them saw post-earnings stock price declines, including Core Scientific, which reported better-than-expected Q4 revenues. Bitcoin’s price versus the network’s…

On Mar. 4, the U.S. Senate released the Congressional Review Act to rescind a Biden-era regulation commonly known as the Broker DeFi Rule. This rule required decentralized finance platforms to share user data with the Internal Revenue Service. The CRA is set to cancel Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Assets Sales (or simply “Broker DeFi Rule”) was created by Sen. Ted Cruz and 13 cosponsors. The voting on the Rule cancellation was scheduled for Mar. 5, but it may occur later due to schedule conflicts. According to Cruz’s Statement of Administration Policy, the rule…

FLOKI has broken out of a year-long range and the price action looks headed towards a key support zone at $0.00002650. The most significant level is between $0.000024 and $0.000036, where 5.9K addresses hold 4.57T FLOKI. The memecoin market continues to face significant drops, with Floki [FLOKI] breaking out of a year-long range and now trending downward toward the key support level at $0.00002650. This level previously triggered a 913.93% rally in March 2024. The price is currently at $0.00007118, significantly lower than its last major peak, and appears to be testing structural weaknesses. Given the price’s consistent downward trajectory,…