Author: Yeek.io
The cryptocurrency market is bleeding on Feb. 28, with the total market capitalization dropping by 6.4% to about $2.65 trillion.24-hour performance of large-cap cryptocurrencies. Source: Coin360Several concrete factors have contributed to the latest drop in crypto prices, including:Over $200 billion was wiped off the crypto market in 24 hours as US tariff wars escalated.Investors are risk-off amid the continued correlation between US equities and crypto assets.Stiff resistance at 50-weekly SMA could stifle recovery efforts.Bitcoin leads the market slumpThe crypto market sank deeper during the early Asian trading hours on Feb. 28 and US US tariffs plunged investors into a risk-off…
Base, the Layer 2 scaling solution for Ethereum, has introduced three new features to improve its transaction speeds, increase scalability, and make it simpler to use. For speed, Base introduced flashblocks technology, which reduces block time from 2 seconds to just 200 milliseconds. Developers can start testing this feature on the Base Sepolia testnet today, and they will be rolled out on the mainnet in Q2. For scalability, Base launched app chains, layer-3 chains designed for apps that need to scale efficiently. They provide dedicated blockspace and are built with the op-enclave framework, making them suitable for high-traffic applications. Appchains…
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Hong Kong’s Cyberport, a government-backed business hub focused on Web3, blockchain and artificial intelligence, is ramping up its investment in emerging technologies to position the city as a global tech leader.On Feb. 27, Cyberport hosted the “AI Safety, Trust, and Responsibility” forum with international AI academic institutions to discuss AI governance, safety and responsible innovation initiatives.The Cyberport hub hosts over 270 blockchain technology-related enterprises and more than 350 startups specializing in AI and big data research and development.Hong Kong Cyberport hosts AI summit. Source: CyberportA day prior, on Feb. 26, the Hong Kong government’s 2025–26 budget paid special attention to…
STX remains in a broader downtrend below key EMAs, with immediate support at $0.74 and a deeper support zone around $0.55–$0.57. A daily close above $0.92 (20 EMA) plus an RSI move above 50 could signal a short-term reversal Stacks (STX), at press time, aligned with the broader crypto market’s downturn and witnessed a sustained downtrend since peaking at around $2.5 in December 2024. Each peak since that top has been lower than the last. In fact, the price is right now below the 20 EMA, 50 EMA, and 200 EMA – Typically a strong bearish sign. At the time…
Data shows the Bitcoin Fear & Greed Index has sunk to its lowest level since the 2022 bear market following the latest crash in the BTC price. Bitcoin Fear & Greed Index Currently Has A Value Of Just 10 The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment present among the traders in the Bitcoin and wider cryptocurrency markets. The metric uses a numeric scale running from zero to hundred for representing the market mentality. There are five zones that this value can be in: extreme fear (25 and under), fear…
“Crypto Mom” Hester Peirce, an SEC Commissioner, has alluded to this action. She recommended that the Commodity Futures Trading Commission (CFTC) be given some crypto enforcement responsibilities by the SEC. The agency’s new position on meme currencies is confirmed by the most recent announcement.The SEC cautioned that schemes involving meme coins could still result in legal action notwithstanding this change. The statement made it clear that different regulations might apply to the prosecution of fraudulent activity by other federal or state entities. The message is clear — the lack of SEC enforcement doesn’t mean scam projects will go unpunished.By promoting…
February 2025 saw $1.53 billion in crypto losses, an 18x increase from a year ago, largely driven by a $1.46 billion Bybit hack. Crypto hacks drained $1.53 billion in February 2025, an 18x jump from last year, with most of it coming from a $1.46 billion Bybit hack. That pushed total losses for the year to $1.6 billion, already surpassing all of 2024, according to Immunefi. Crypto losses in February 2025 | Source: Immunefi In a research report, Immunefi explained that most of February’s losses came just from two incidents: crypto exchange Bybit, which lost $1.46 billion, and stablecoin bank…
Top NFT Collections (Last 24h) Here are the hottest NFT Collections of the day. Rank Name Volume Transactions Chains URL 1 Uniswap v4 Positions NFT 4,368.70 ETH 9 ethereum View 2 Pudgy Penguins 380.77 ETH 42 ethereum View 3 Bored Ape Yacht Club 269.01 ETH 20 ethereum View 4 Doodles 246.49 ETH 77 ethereum View 5 Milady Maker 204.05 ETH 54 ethereum View 6 Kaito Genesis 145.03 ETH 51 ethereum View 7 Lil Pudgys 129.74 ETH 132 ethereum View 8 Azuki 129.24 ETH 46 ethereum View 9 Fluid Vault 97.70 ETH 4 ethereum View 10 SMB Gen2 0.00 ETH 47…
Homepage > News > Business > UK, India explore AI, digital infra ties amid trade negotiations India and the United Kingdom are exploring opportunities for collaboration in artificial intelligence (AI), next-generation telecommunications, and space technology to strengthen Indo-U.K. ties. The Secretary (Telecom) of India recently visited the United Kingdom to engage with the Department of Science, Innovation and Technology (DSIT), U.K., and met Chris Johnson, DSIT’s national scientific adviser, and Dave Smith, the department’s national technology adviser. The discussions centred on emerging technologies and their applications in 5G, 6G, digital infrastructure security. In a statement, India’s Ministry of Communications said…