Author: Yeek.io

CRO crypto broke out of its 3-month downtrend after Cronos launched a proposal aimed at establishing a Cronos Strategic Reserve. According to a March 3 X post, Cronos, the Layer 1 blockchain associated with crypto exchange Crypto.com, is considering a proposal to establish a Cronos Strategic Reserve wallet that will be made by reissuing the 70 billion CRO tokens that were burned in 2021. The burning event hailed as one of the largest in crypto history, reduced the supply from 100 billion to 30 billion CRO tokens to support decentralization efforts ahead of Cronos’ mainnet launch. Through the Cronos reserve,…

Algorand faced buying pressure after breaking above the $0.24 key resistance level on its falling wedge pattern in the 4-hour chart. Despite rising Open Interest, ALGO is yet to confirm its next direction as technical indicators flash mixed signals. Algorand [ALGO] saw an 18.61% surge in trading volume after breaking out of its falling wedge pattern with substantial buying pressure. At press time, ALGO surged by 5.4% and was trading at $0.250, according to CoinMarketCap.  The altcoin has been consolidating inside a falling wedge pattern for weeks before a breakout above the $0.24 key resistance level. Following the breakout, traders…

Charles Hoskinson, founder of Cardano, has addressed swirling speculations regarding his potential ties to the White House. The rumors gained traction over the past few weeks due to several subtle hints by Hoskinson. Last week, Hoskinson announced the cancellation of his scheduled appearance at ETH Denver, which he attributed to a mysterious commitment in Florida. Given Florida’s association with Mar‐a‐Lago, the well-known residence of US President Donald Trump, industry insiders quickly speculated about a high-level engagement that could signal unprecedented ties between him and influential political figures. In a post on X, the Cardano founder acknowledged the public’s rumors but…

On March 1, the hackers moved another 62,200 ETH, worth approximately $138 million. This reduced the remaining unlaundered amount to 156,500 ETH. Crypto investigator EmberCN, who has been tracking the transfers, said the rapid pace suggests the process will end soon.Blockchain intelligence firm TRM Labs described the hackers’ methods as highly efficient. They use a mix of intermediary wallets, decentralized exchanges, and cross-chain bridges to hide the movement of funds. These methods make it harder for authorities to trace and recover the stolen crypto.The FBI recently linked the attack to the North Korean hacking group TraderTraitor. In response, Bybit launched…

The recent slowdown in Bitcoin ETF selling isn’t driven by Trump’s crypto reserve plan but rather shifting market dynamics. Spot Bitcoin exchange-traded funds saw their largest outflows since launching in January 2024. For now, the selling pressure may be easing, though not necessarily due to President Donald Trump‘s statement on a strategic crypto reserve, but seemingly because hedge funds unwound basis trades, analysts at Matrixport suggest. https://twitter.com/Matrixport_EN/status/1896460763293986916/ In an X post on March 3, the analysts suggested that hedge funds likely triggered the sell-off by unwinding basis trades, which aligns with the $8 billion drop in CME open interest since…

More than 1,200 cryptocurrency ATMs mysteriously went offline in the United States during the first weekend of March, just days after a senator introduced the Crypto ATM Fraud Prevention Act to stop crypto ATM fraud.On Feb. 25, Illinois Senator Dick Durbin proposed legislation to target fraud at crypto ATMs in the US, citing a recent incident involving one of his constituents. His proposal came the same month that 860 new crypto ATMs were installed in the US.Still, in the first three days of March, the global Bitcoin (BTC) ATM network saw a net decline of 1,100 machines, with the US…

The latest governance voting round on DeFiChain has concluded, revealing the community’s stance on key protocol improvements.Here are the results:DFIPsDFIP 1: Increasing DUSD Minting — Automatic Repay of DUSD LoanThis proposal introduced an “Auto-Payback with Collateral” mechanism as an alternative to immediate liquidation. The mechanism aimed to enhance user security while ensuring systemic stability by automatically repaying DUSD loans with available collateral.Yes: 59.12% (389 votes)No: 40.88% (269 votes)Neutral: 1,793 votes🔴 Rejected as it did not meet the required 66.67% approval ❌DFIP 2: Adjusted Fee Structure to Enhance DUSD Liquidity & Trading VolumeTo refine the existing dynamic fee structure for DUSD,…

AITECH Labs, in partnership with AITECH Pad, has introduced the release of a revolutionary $1 million grant program that will be used to fund innovative AI agent projects that are gearing up for their token generation event (TGE). This program highlights AITECH’s focus on supporting innovative advancements in AI and Web3 ecosystems by offering both financial and strategic support to potential projects.  Empowering AI Innovation: The $1M grant initiative is intended to support a highly curated set of AI agent projects that exhibit compelling technical feasibility, large market potential, and visionary leadership. Besides dollar support, participating projects will also receive…

United States President Donald Trump has made yet another bold move in the crypto field. After earlier announcing plans to establish a strategic Bitcoin reserve, he now intends to include several additional digital assets. Related Reading In a Truth Social post, Trump stated that the US should stockpile XRP (XRP), Solana (SOL), and Cardano (ADA). He also added Bitcoin (BTC) and Ethereum (ETH) to the list, saying these would be “at the heart of the reserve.” His most recent position has caused market responses and conversations over the potential effects on the nation’s adoption of cryptocurrencies. Trump’s Initial Bitcoin-Only Plan…

Este artículo también está disponible en español. Yesterday, March 2, US President Donald Trump announced the establishment of a US “strategic crypto reserve” designed to bolster America’s position in the crypto sector. The reserve will initially include major cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana (SOL), and Cardano (ADA) – not Dogecoin (DOGE). In the wake of this announcement, the broader cryptocurrency market surged by over $300 billion in market capitalization, reflecting significant investor enthusiasm for Trump’s crypto endorsement. Does Dogecoin Have A Chance? Despite the wide-ranging support for digital assets, Dogecoin was conspicuously absent from Trump’s initial list of…