Author: Yeek.io

Cardano price stabilized on Sunday as traders waited for more details about the Charles Hoskinson VIP meeting. Cardano (ADA) token was trading at $0.6610 on Sunday, up 15% above the lowest level last week.  A key catalyst for Cardano was the much-hyped meeting between Hoskinson and a VIP. Speculation was that he would meet with either President Donald Trump or Elon Musk, the head of the Department of Government Efficiency or DOGE. Odds of Hoskinson meeting with Trump rose after he sent an X post claiming that he would miss the ETH Denver event for a trip to Florida. Trump…

Ethereum’s highly anticipated Pectra upgrade could set the stage for the next phase of the 2025 crypto market cycle, according to analysts, even as Ether continues to underperform Bitcoin.The Ether (ETH) price fell over 32% during February, finding a local bottom at an over two-month low of $2,073 before recovering to the current $2,245 mark, Cointelegraph Markets Pro data shows.ETH/USD, 1-year chart. Source: CointelegraphEthereum’s upcoming Pectra upgrade, scheduled for March 5, could help ease long-term selling pressure, according to Gabriel Halm, a research analyst at blockchain intelligence firm IntoTheBlock:“While Ethereum’s upcoming Pectra upgrade won’t necessarily trigger an instant price bump,…

New research on Ethereum suggests a decentralized random block proposal system to replace the current architecture that has concentrated power among a few entities. Despite Ethereum’s (ETH) shift to Proof of Stake and adoption of Proposer-Builder Separation (PBS), approximately 80% of Ethereum blocks are currently proposed by just two entities. This concentration undermines the network’s decentralized foundation and allows these entities to hold most of the maximum extractable value (MEV). The proposed solution would fundamentally change Ethereum’s block creation process. Instead of specialized builders constructing blocks, all Ethereum clients (like Geth and Nethermind) would use an identical random algorithm to…

AVAX’s price trend has been bearish throughout February Bullish divergence could see a nearly 10% price hike Avalanche [AVAX] has retraced all the gains it made since November. At press time, it seemed to have a strong demand zone just below $20, but it was unclear if this zone could reverse the strong downtrend behind AVAX. On the daily chart, the altcoin has been trending downwards since late January, when the asset made a lower low below the $35 support level. Its momentum remained firmly bearish, but a bullish divergence began to form as it approached the $20-support. AVAX faces…

In a significant development for one of crypto’s largest non-profits, the Ethereum Foundation (EF) has revealed a new leadership structure consisting of two co-directors. This move comes after backlash from community members on the recent struggles and issues of the ETH ecosystem. EF Introduces Two Executive Directors On Saturday, March 1, the Ethereum Foundation unveiled its new leadership structure consisting of two co-executive directors — Hsiao-Wei Wang and Tomasz Stańczak. This new structure will come into place following the changes that saw former executive director Aya Miyaguchi take up the role of the organization’s president. Wang, a core researcher at…

The Bitcoin price continues to dance within the newly formed $80,000 – $85,000 range, showing some level of indecisiveness in its movement. Since the premier cryptocurrency lost its hold above $90,000, investors have wondered whether the ongoing correction is a “buy the dip” opportunity or the market top is in. While there is no surefire way to put these doubts away, on-chain data can provide relevant insights into what is to come. The latest on-chain data suggests the highlighted level below is the one to watch before investors return to the market. Level To Watch Before ‘Buying The Dip’ In…

Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction.Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28, a level not seen since Dec. 16, 2024, when Bitcoin (BTC) traded for around $105,000, Glassnode data shows.Bitcoin number of active addresses. Source: GlassnodeThe surge in active addresses may signal a “capitulation moment” for the crypto market, according to crypto intelligence platform IntoTheBlock. The firm noted in a Feb. 28 post on X:“Historically, spikes in on-chain activity have often coincided with market peaks and…

XRP is exhibiting strong relative strength against Ethereum. Does its current price action reflect accumulation, signaling a potential breakout? Despite a bearish February, Ripple [XRP] has sustained a strong bullish structure on the 1D chart. It is trading over 300% above its Election Day opening price and holding key support above $2. While a reclaim of $3 remains distant, XRP’s 3.63% gain in the last 24 hours, alongside Bitcoin’s consolidation around $85K, suggests resilient demand.  In contrast, Ethereum [ETH] has erased all post-election gains, breaching the $2,400 support and now trading 8% lower. With analysts projecting a 25% upside in…

A Binance spokesperson has clarified that rumors suggesting that the company was dumping some of its crypto holdings, including Ethereum and Solana, are simply untrue. These rumors started doing the rounds on social media almost immediately after the Bybit hack. Speculations suggested that large crypto firms, including Binance, caused the recent market sell-off by aggressively selling and reducing the size of their holdings. They are misunderstanding what Binance does as an exchange, which is we simply help users match trades – Binance Binance’s clarification could be one of the reasons we’ve seen the market recover over the weekend. There are…

Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction.Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28, a level not seen since Dec. 16, 2024, when Bitcoin (BTC) traded for around $105,000, Glassnode data shows.Bitcoin number of active addresses. Source: GlassnodeThe surge in active addresses may signal a “capitulation moment” for the crypto market, according to crypto intelligence platform IntoTheBlock. The firm noted in a Feb. 28 post on X:“Historically, spikes in on-chain activity have often coincided with market peaks and…