Author: Yeek.io

States are likely to adopt Bitcoin (BTC) reserves before the US federal government does, Senator Cynthia Lummis reportedly said on Feb. 28 during the Bitcoin Investor Week conference in New York. “My bets are that you’ll see a state have a Bitcoin strategic reserve before the federal government,” Lummis said, according to a Bloomberg report. In July 2024, Lummis, a Wyoming Republican, proposed legislation that would require the US federal government to create a national Bitcoin stockpile. Her bill, dubbed the BITCOIN Act, calls for the US Treasury Department to gradually accumulate 1 million BTC, ultimately acquiring “a total stake of approximately 5%…

Journalist Posted: February 28, 2025 Metaplanet sought an extra $13M raise to scoop ‘cheap’ BTC. The company’s investors were better off than MSTR’s counterparts.  Metaplanet, dubbed as Japanese MicroStrategy, has issued another convertible bond to raise 2B Yen (about $13.6 million) to grab the fire discount Bitcoin[BTC] as the king coin slipped below $80K.  Reacting to the capital raise, Dylan LeClair, BTC Strategy Officer at Metaplanet, acknowledged that they were eyeing the recent discount sale.  “Time to buy the dip, $BTC.”  For his part, Simon Gerovich, CEO of Metaplanet, explained that they opted for the bond route instead of selling shares…

Bitcoin has reached a crucial moment in its price action following heightened volatility that has overshadowed the entire crypto market, with major digital assets dropping to key support levels. Despite the sharp bearish performance, BTC’s fundamentals remain strong, igniting hope for bullish prospects. Biggest Price Gap In Bitcoin’s History As Bitcoin undergoes a lengthy bearish price performance, uncertainty grows around the flagship asset’s next price action in the short term. Alphractal, an advanced investment and on-chain data platform, has identified a huge price gap amid market fluctuations and massive liquidations in recent research on the X platform. According to the…

Este artículo también está disponible en español. Shiba Inu is under mounting pressure, bringing the key $0.00001272 support level into focus. After multiple failed attempts to reclaim higher levels, sellers have tightened their grip, pushing SHIB toward a potential breakdown.  The declining buying interest and growing bearish sentiment suggest that a decisive move below this support could open the door for a deeper correction, reinforcing a more bearish outlook for the meme coin. If bulls fail to step in and defend this critical zone, SHIB could see increased volatility, with lower support levels coming into play.  On the other hand,…

Immutable has announced a partnership with Japan’s leading mobile gaming developer to bring Tokyo Beast to web3.This strengthens Immutable’s presence in Asia’s blockchain gaming sector and marks its third partnership with a unicorn developer. Tokyo Beast will integrate blockchain mechanics with traditional mobile gameplay, aiming to engage both blockchain-native and traditional gaming audiences.Immutable will provide the underlying blockchain infrastructure, supporting in-game transactions, digital asset liquidity, and tournament management. Source: Tokyo BeastWhat is Tokyo Beast?Tokyo Beast is a futuristic combat game set in Tokyo in the year 2124, where android fighters, known as BEAST, compete in martial arts tournaments.Players build teams…

Bitlayer has taken a major step in integrating Bitcoin with the broader blockchain ecosystem by implementing BitVM, a new framework designed to enable trust-minimized Bitcoin interoperability. Through partnerships with Base, Starknet, Arbitrum (ARB), Sonic, and Plume Network, Bitlayer’s BitVM Bridge aims to expand Bitcoin’s (BTC) utility across decentralized finance and real-world asset applications, according to a press release shared with crypto.news.  Base’s cbBTC will allow Bitcoin holders to use their assets on EVM-compatible chains, bringing Bitcoin into the broader DeFi ecosystem. Arbitrum users will now be able to bridge Bitcoin assets through Bitlayer’s trust-minimized framework, further strengthening the network’s DeFi…

Attorneys representing the US SEC and Tron founder Justin Sun formally submitted a request to pause the ongoing legal battle. The sixty-day pause will allow the parties to explore settlement options.  Key Takeaways Justin Sun’s legal team joined the SEC in jointly requesting a 60-day halt to the legal contest as they consider settlement options. Sun is battling charges levelled by the SEC in March 2023, alleging wash trading and unregistered securities offerings of BTT and TRX tokens.  Both parties submitted that pausing the ongoing legal battle will conserve judicial resources, thus beneficial to the public and the court. …

Este artículo también está disponible en español. A new Bitcoin Chicago Mercantile Exchange (CME) gap has just been opened around $78,000 and $80,700. Analysts warn that this price range could act as a magnet for further downturns in the Bitcoin price, making it a critical area to watch in the coming days. According to crypto analyst Rekt Capital on X (formerly Twitter), Bitcoin is currently facing increased volatility as it moves closer to filling a key CME gap between $78,000 and $80,700. A CME gap represents price disparities on the Bitcoin Futures chart traded on the Chicago Mercantile Exchange. Open…

Solana (SOL) price dropped to a 2025 low at $125 on Feb. 28. However, the altcoin entered a 16% relief rally after the Chicago Mercantile Exchange (CME) announced the launch of Solana futures on March 17. The futures product now awaits regulatory approval from the Commodity Futures Trading Commission (CFTC).🚨 NEW: CME Group to launch Solana futures on March 17, pending regulatory review by the CFTC. pic.twitter.com/sGJDXxgDQr— Cointelegraph (@Cointelegraph) February 28, 2025 Solana bears fail to pin SOL under $130Since Feb. 24, Solana has formed a series of lower lows leading up to its yearly low at $125 on Friday.…

As the crypto market heats up in February 2025, investors are eyeing key projects poised for major moves. XYZVerse is riding a wave of hype, setting the stage for a potential breakout fueled by its growing community and speculative momentum. Meanwhile, Chainlink (LINK) faces a critical battle at support levels, with on-chain data and market conditions determining whether it holds or slips further. At the same time, Sui (SUI) is making waves in the AI-driven blockchain sector, leveraging its high-performance infrastructure to attract developers and enterprises integrating artificial intelligence solutions.With market trends shifting rapidly, understanding these dynamics could help traders…