Author: Yeek.io

Homepage > News > Business > This week in crypto: Behind SEC’s new hands-off approach This week, the digital currency industry had arguably four big wins, as the Securities and Exchange Commission (SEC) dropped lawsuits and investigations into major players, including Coinbase (NASDAQ: COINBASE), Robinhood Crypto (NASDAQ: HOOD), Uniswap, and the non-fungible token (NFT) marketplace OpenSea. Coinbase: In June 2023, the SEC sued Coinbase, alleging that it had been operating as an unregistered broker, exchange, and clearing agency since 2019. The commission claimed that the company violated federal securities laws by facilitating unregistered securities trading. After over a year of…

  SHIB’s price neared critical support at $0.000012, risking a drop to $0.0000094 if sellers persist. Shiba Inu’s 24-hour burn rate surged to 4,137.17%, reducing supply—could this trigger a price rebound? Shiba Inu [SHIB] is nearing critical support levels as selling pressure continues. The memecoin has experienced a sharp decline, dropping 10.85% in the last 24 hours and 15.49% over the past week, bringing its price to $0.00001314.  Analysts have identified $0.000012 and $0.0000094 as key levels where buyers could step in to prevent further losses. SHIB’s key support and resistance levels SHIB’s price action suggests a weakening trend, with…

As of February 28, 2025, Solana (SOL) is trading at $144.58, showing a 7.08% increase over the past 24 hours. This recent uptick offers an opportunity to delve into Solana’s current technical indicators and project its short-term price movements. Solana Price Analysis The recent positive movement comes after a period of notable volatility, with SOL reaching a low of $130 earlier today before rebounding. Moving Averages and Trend Analysis Analyzing moving averages provides insight into Solana’s price trends: 50-Day Moving Average: Serving as a short-term trend indicator, Solana’s current price above this average suggests potential bullish momentum. 200-Day Moving Average:…

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,…

Este artículo también está disponible en español. Solana (SOL) is trading at its lowest price level since September 2024, as the entire crypto market struggles with fear and intense selling pressure. Solana has lost over 55% of its value in less than six weeks, erasing the gains from its post-election rally and raising concerns among investors about a potential prolonged downtrend. Related Reading Panic has taken over the market, and traders are growing fearful that Solana’s correction may continue into lower price levels. Despite multiple attempts to reclaim momentum, bulls have been unable to defend key demand zones, allowing bears…

An all-new industry event, CoinFerenceX, is set to disrupt the Web3 industry, with the conference to be held in Dubai from April 28-29, 2025.Over 150 high-profile speakers will be joined by an expected audience of 7,000 attendees for this first-of-its-kind decentralised summit, where blockchain visionaries, crypto innovators, investors and startups will connect to shape the future of the blockchain industry.In stark contrast to traditional industry events, CoinFerenceX features a decentralised governance model. A group of 10 select Board Partners will share strategic opportunities from the event and benefit from a 10% revenue pool, ensuring that attending companies – and not…

Rollbacks in blockchain explained In blockchain, a rollback refers to reversing its history to counter a disastrous event, such as big hacks threatening to disrupt the ecosystem, the discovery of critical protocol bugs or centralization risks of network integrity.The Bybit hack, which resulted in a staggering $1.46 billion loss, has triggered a demand regarding a rollback of affected transactions on Ethereum.  In a Feb. 22 X Spaces, Bybit CEO Ben Zhou adopted a more neutral position when asked about supporting an Ethereum rollback.“I’m not sure it should be a decision made by one person. In line with the spirit of blockchain,…

Synthethix emerged from 2024 with a renewed sense of purpose. A radical governance shakeup and the acquisitions of TLX and Kwenta transformed the protocol from a suite of tools for DeFi builders to a user-focused derivatives trading platform, aiming to set new standards for onchain UX. Focusing squarely on Base, Synthetix contributors set about reimagining perps and leveraged token offerings as a native product.If you missed a few announcements, or just want to revel in the strides taken at the outset of 2025, this blog will break down the major milestones and works-in-progress.Synthetix Exchange: Scaling Perps on BaseThe transition from…

PEPE faced a critical support test, with $0.0000730 being a key level for recovery. Declining Social Volume and rising NVT Ratio signaled potential overvaluation and bearish pressure. The cryptocurrency market is currently facing a volatile phase, with Pepe [PEPE] testing critical support levels after a recent surge. This shift in momentum has raised concerns among traders, especially as the altcoin finds itself in a pivotal moment. At press time, PEPE was trading at $0.00007297, showing a sharp 14.10% decline in the last 24 hours. The altcoin’s performance over the coming days could shape its future, making it crucial to evaluate…

Bitcoin (BTC) dropped close to $78,000 on Feb. 28, but lower levels attracted solid buying by the bulls. CryptoQuant founder and CEO Ki Young Ju said in a post on X that selling after a 30% correction could be a “noob” mistake as Bitcoin rose to a new all-time high after falling 53% in 2021.Select whales seem to be building a position during the dip. A Bitcoin whale, known as “Spoofy,” bought 4,000 Bitcoin worth roughly $344 million when the price was between $82,000 and $85,000. Crypto analyst Saint Pump said on X that Spoofy builds his position “extremely slowly”…