Author: Yeek.io
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US President Donald Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders to discuss regulatory policies, stablecoin oversight, and the potential role of Bitcoin in the US financial system.The attendees will include “prominent founders, CEOs, and investors from the crypto industry,” along with members of the President’s Working Group on Digital Assets, according to an announcement shared by the White House “AI and crypto czar,” David Sacks, in a March 1 X post.The summit will be chaired by Sacks and administered by Bo Hines, the executive director of the Working Group.Source: David SacksSacks…
Tether’s competitors are exerting increasingly more pressure to push the world’s largest stablecoin issuer out of the crypto market, including political pressure aimed at reducing the firm’s leading market share.In the wider crypto markets, analysts are suggesting that most cryptocurrencies won’t see a widespread “altcoin season” rally in 2025, and only select tokens with sustainable investor interest and revenue-generating models will be able to outperform the rest of the tokens.Paolo Ardoino: Competitors and politicians intend to “kill Tether”Tether’s competitors are working to push the world’s largest stablecoin issuer out of the crypto market, according to the company’s CEO, Paolo Ardoino.Tether,…
The U.S. Securities and Exchange Commission has delayed its decision on whether to approve or reject Cboe Exchange’s application to list options on Fidelity Investments’ spot Ethereum exchange-traded fund. According to a regulatory filing on Feb. 28, the SEC said it was pushing its decision on the Ethereum (ETH) product forward. Under U.S. federal law, the agency has up to 60 additional days to reach a final verdict if a decision is not made within the initial 180-day review period. As a result, Cboe will have to wait longer before knowing whether it has received the green light to list…
Dominic Williams, the founder and chief scientist at the Dfinity Foundation — a nonprofit organization that maintains and facilitates the development of the Internet Computer Protocol (ICP) — recently told Cointelegraph that applications should be fully onchain to prevent the user interface compromise seen in the recent Bybit hack.According to Williams, most decentralized applications and blockchain projects currently feature onchain tokenomics but rely on centralized web platforms, such as Amazon Web Services, for their infrastructure — which makes these applications and projects vulnerable to centralized security breaches. The Dfinity founder told Cointelegraph:”The whole point of running software on the blockchain…
The Monad ecosystem exhibits a high concentration of active NFT projects. Minting events associated with these projects garner substantial interest from Monad’s user population.Top 5 Monad NFT Mint Projects Worth WatchingThis chain’s NFT community is experiencing a healthy growth in popularity. Some of them—Spiky Nads and lil chogstars, are two of the most notable “Yappers” on the Kaito AI site. This indicates a huge amount of attention from the community to the use case of Monad NFT projects. Learn more: What is Monad?MonadverseSource: MonadverseStrong narrative focus and early minting hype suggest it’s a cornerstone project for Monad NFTs, proven by 300K unique…
Stablecoin issuers worldwide should be required to register with US authorities, according to Jeremy Allaire, co-founder of Circle, the company behind the world’s second-largest stablecoin.US legislators should introduce mandatory registration requirements for firms issuing US dollar-based stablecoins, such as Circle’s USD Coin (USDC), regardless of the company’s physical location, Allaire said.Citing consumer protection, Allaire argued that US dollar-based stablecoin issuers should not get a “free pass,” enabling them to “ignore the US law and go do whatever the hell you want wherever and sell into the United States.” Allaire told Bloomberg:“Whether you are an offshore company or based in Hong…
A popular crypto strategist says that the altcoins currently showing market strength despite Bitcoin’s (BTC) downturn may spearhead the next digital asset rally. Pseudonymous analyst Credible Crypto tells his 463,000 followers on the social media platform X that payment tokens Litecoin (LTC) and XRP may soon be top market performers as they hold key support levels above recent low prices despite Bitcoin’s price collapse this week. “At this time, for the the first time in a while, select alts are holding their own against prior lows while BTC has nuked below its own relative range lows. Look for those alts…
Head of Macro Research at Global Market Investor Julien Bittel has provided an interesting insight into the Bitcoin market following a major price loss in the past week. In a bold move, the financial analyst has backed the premier cryptocurrency to soon pull off a rebound linking the recent price fall to broader macroeconomic conditions. Why Bitcoin’s Drop Below $80,000 Could Have Marked The End Of The Sell-Off Over the past week, the BTC market registered a significant bearish price action, with prices falling from over $96,000 to below $80,000. In an X post on February 28, Bittel attributed this…
Bitcoin’s price continues its decline, falling farther from its March all-time high of $109,000. Currently trading below $82,000, the cryptocurrency has experienced a significant 24.6% drop. Amid this bearish trend, CryptoQuant contributor EgyHash has highlighted a troubling development on Binance that could further pressure Bitcoin’s price. Bearish Sentiment Takes Hold EgyHash notes that Binance, one of the world’s largest crypto exchanges, is seeing a steady rise in key metrics that indicate growing sell-side activity. According to EgyHash, the 7-day moving average of mean coin inflows into Binance is increasing, signaling that investors are making larger, more frequent deposits. This uptick…