Author: Yeek.io

Texas policymakers have roughly $24 billion in sovereign wealth as the State’s Senate weighed passing Bitcoin reserve legislation. The Texas Senate Committee on Business and Commerce unanimously supported a bill to invest state surplus dollars into Bitcoin (BTC) as governments mulled crypto reserve adoption. Republican Charls Schwertner, chair of the Committee, scored a landslide 10-0 vote for his proposal titled the Texas Strategic Bitcoin Reserve and Investment Act. The State’s Senate will now consider Schwertner’s following overwhelming bipartisan backing. “Today’s vote was a critical first step in making a strategic investment in Texas’ financial future,” chair Schwertner said in a…

Este artículo también está disponible en español. Dogecoin is trading at key demand levels after two weeks of massive selling pressure, with bears pushing DOGE down more than 30%. The meme coin sector has been hit the hardest during this market-wide correction, which began in mid-January, and as the market leader, Dogecoin has suffered the most. Related Reading Investors have started to question the sustainability of the meme coin rally, especially as sentiment continues to weaken across the board. Glassnode metrics confirm this downward trend, revealing that Dogecoin’s open interest has dropped by 67% over the past three months. With…

Will these secure crypto coins shape the next era of the crypto industry? Bybit released a forensic report detailing the $1.5 billion security breach. Security firm Sygnia found that a malicious JavaScript was injected into Safe{Wallet}’s AWS S3 bucket, altering transactions. This unfortunate incident is another reminder to only trust safe and reputable platforms and assets. To help investors set clear expectations of such risks, we suggest five of the most secure cryptos in the market. Let’s explore more to see why DexBoss (DEBO) and Aureal One (DLUME) are the best cryptocurrencies to invest in today. Top 5 Best Cryptocurrencies…

Sixth Street, a private equity firm with over $100 billion in assets under management, has backed blockchain-based lending platform Figure Technology Solutions with a $200 million investment. Figure and Sixth Street revealed the investment in a press release on Feb. 27. The two firms have formed a joint venture in which Sixth Street’s Asset-Based Finance division will invest $200 million in equity into Figure. The funding will strengthen Figure Connect, the platform’s private credit lending division, by enhancing its loan origination capabilities. According to Sixth Street, the joint venture will inject over $2 billion of liquidity into the non-agency mortgage…

Synthetix is keeping the sUSD rewards program on Infinex for another 6 weeks! Yield farmers who deposit sUSD on Infinex from February 27, 2025, onwards will be eligible to earn rewards and may also win prizes. This is the second phase of the rewards program, and it has a new structure.How to ParticipateFrom February 27, 2025, at 00:01 UTC, for six weeks, sUSD depositors on Infinex will earn a pro-rata share of 10,000 OP tokens every week. Rewards accrue continuously and are distributed weekly. Yields will vary based on the total value of sUSD deposits, but we’ve put together some…

XRP has failed to hold the crucial $2.25 support level, and historical patterns suggest the price could drop 13.5% to reach $1.90. Despite positive developments, short-term market sentiment remains bearish. Ripple[XRP] has been experiencing a continuous decline in Futures Open Interest (OI) since reaching an all-time high. According to the on-chain analytics firm Coinglass, on the 18th of January 2025, XRP’s Futures OI was $7.62 billion. However, at the time of writing, it has dropped to $3.02 billion, nearing the lowest level of 2025. This marked a decline of more than half from its all-time high. Source: Coinglass This drop…

Crypto investigators have flagged suspicious transactions linked to wallets associated with MELANIA and LIBRA memecoins. Blockchain data shows that these wallets moved large sums of money, raising concerns about potential money laundering. Around 19,846 SOL, worth about $2.76 million, was used to purchase the POPE memecoin. However, the tokens were later sold for just 175 SOL, or roughly $24,000. This unusual trading pattern suggests that funds may have been funneled through different wallets in an attempt to obscure their origins. Crypto Wash Trading Or Coordinated Dump? The transaction history raises several questions. Large buys followed by immediate sell-offs at a…

Ether (ETH) price stabilized near $2,300 after a sharp 20% drop over three days, hitting a low of $2,255. This decline shook market sentiment, as Ether hadn’t traded at these levels since October 2024. However, the ETH derivatives market is showing early signs of recovery and strength, suggesting a potential rebound to $2,800.Ether 30-day futures premium, annualized. Source: Laevitas.chThe 30-day ETH futures are now trading at a 7% premium over the spot market, up slightly from 6% two days ago. Premiums between 5% and 10% are considered neutral, as traders typically expect higher returns for the longer settlement period. This…

Watching Solana’s price movements and wondering where it’s headed next? With key support and resistance levels in focus, recent volatility has traders closely monitoring SOL. Let’s analyze the past 24 hours to gauge its momentum and potential direction.Solana Price Analysis of the Last 24 HoursSolana began with a slight downtrend, but an oversold condition at 00:55 UTC hinted at a reversal. A golden cross at 1:25 UTC pushed the price up to $145.19 resistance. A downtrend at 4:40 UTC kept fluctuations, with another oversold phase at 11:50 UTC. A golden cross at 14:35 UTC spurred an uptrend, but a death…

Journalist Posted: February 28, 2025 DOGE’s total futures trading volume has dropped from $58.2 billion in November to just $992 million. Dogecoin’s network activity significantly declined despite bullish signals from DOGE’s price action. Dogecoin [DOGE] futures market saw a contraction in trading volume over the past few months, with figures plummeting from a high of $58.2 billion in November to a modest $992 million. This steep decline confirmed a significant reduction in market speculation. Starting in mid-November, the volume peaked impressively, coinciding with a price of $0.308, suggesting a frenzy of trading activity. However, subsequent weeks saw a gradual yet persistent…