Author: Yeek.io

Months after accusing Cumberland DRW of running an unregistered securities trading operation, the U.S. Securities and Exchange Commission has decided to drop the case. In a March 4 X post, the Chicago-based crypto firm said it had signed a joint filing with the SEC to dismiss the lawsuit following an agreement reached on Feb. 20. The filing still requires formal approval from the agency, but Cumberland appears confident that the case is coming to an end. Cumberland views the agency’s decision as a step toward better cooperation between regulators and the crypto industry and said it will continue discussions with…

The memecoin market has erased all of the gains that followed Donald Trump’s presidential victory in November 2024, having lost more than half of its value since December.According to CoinMarketCap data, the total market capitalization of memecoins stood at $54 billion on March 5, down 56% from $124 billion on Dec. 5, 2024.The memecoin market has gradually declined after peaking at a record-breaking market cap of $137 billion on Dec. 8, briefly rising and dropping amid memecoin launches by Trump and First Lady Melania Trump in January.Total memecoin market capitalization in the past year. Source: CoinMarketCapSome industry observers have attributed…

Este artículo también está disponible en español. The crypto markets have whipsawed following President Donald Trump’s unexpected announcement of a strategic crypto reserve over the weekend. Bitwise Asset Management’s Chief Investment Officer (CIO), Matt Hougan, contends that traders are overreacting to the proposed plan’s details and missing what could be a bullish development for digital assets. Late Sunday, President Trump revealed a United States government initiative to acquire and hold five different cryptocurrencies—Bitcoin, Ethereum, Solana, XRP, and Cardano—in a strategic reserve. Initially, the market response was emphatically positive: Bitcoin’s price surged from around $85,000 to $95,000. However, as Hougan notes…

Market Overview on March 5Today, on March 5, Bitcoin (BTC) is showing signs of recovery after forming a bottom on the H4 timeframe. At the same time, BTC is holding the Flip zone on the H1 timeframe, indicating strong buying pressure. According to analysis, BTC is likely to retrace to the Fair Value Gap (FVG) on D1, around $95K – $96K, before a strong bearish signal appears.As discussed in the article “Why Bitcoin Dump Today”, BTC is forming a medium-term downtrend. However, before continuing this trend, a retracement to a resistance zone is necessary to attract more liquidity.With BTC’s price…

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…