Author: Yeek.io

Memecoins may not be subject to United States securities laws, according to a recent statement from the Securities and Exchange Commission. On Feb. 27, the commission’s Division of Corporation Finance addressed a long-standing debate over whether cryptocurrencies—particularly memecoins—fall under federal securities laws.  The current SEC views memecoins as more like collectibles than investments and claims they don’t meet the definition of a security under the Howey test. “Memecoins typically are purchased for entertainment, social interaction, and cultural purposes, and their value is driven primarily by market demand and speculation. In this regard, memecoins are akin to collectibles,” SEC officials wrote…

In the ever-evolving cryptocurrency market, the Altcoin Market Cap (ALTMC) has been navigating key resistance levels, particularly around the $425 billion mark. This critical point has become a significant point of focus, as the altcoin market seeks to either break through or experience a retracement. Recent data and charts show that despite a strong rejection from this level, the altcoin market is still in a much better position than it was during previous downtrends.  According to Rekt Capital,The Altcoin Market Cap has faced significant challenges in surpassing the $425 billion resistance. On multiple occasions, the market has attempted to break…

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…

Este artículo también está disponible en español. Bitcoin (BTC) has declined by more than 10% in the last two weeks, falling from approximately $98,000 to around $86,000 at the time of writing. The high selling pressure has pushed the flagship cryptocurrency to oversold levels it had not seen since August 2024. Bitcoin Is Oversold, Time To Buy? According to an X post by seasoned crypto analyst Ali Martinez, BTC has entered oversold conditions it hadn’t seen since August 2024. Specifically, the Relative Strength Index (RSI) for Bitcoin has dropped to the lowest level in the last seven months. Related Reading…

The overall crypto market cap has gone down more than 8% as major tokens plummet, having yet to recover from the recent market crash. According to data from crypto.news, the five largest tokens by market cap have failed to recover from the recent crypto market crash that took place on Feb. 24. As a result, the overall crypto market cap has fallen by nearly 8.8% in the past 24 hours, bringing down the amount to $2.73 trillion. Data from TradingView shows at the beginning of February, the total crypto market cap still stood at $3.1 trillion, but it took a…

Rings, a Collateralized Debt Position (CDP) project for the Sonic ecosystem, is one of the best-performing dapps in decentralized finance (DeFi), even as the sector is struggling amid the general bearish sentiment. DefiLlama data shows that the total value locked (TVL) of Rings is at a record $111 million after a fivefold increase over the past month.  Rings offers a meta-stablecoin for USD and ETH assets, providing deep liquidity for Sonic. Users can deposit Ethereum- and Sonic-based assets like USDC and ETH to mint scETH and scUSD. The algorithmic stablecoin can be used across Sonic dapps.  Sonic is a layer…

Ripple Labs has unveiled its roadmap for building an institutional decentralized finance (DeFi) ecosystem on the XRP Ledger blockchain network, according to a Feb. 25 blog post. The blockchain developer is prioritizing applications that position XRP Ledger as “a safe, secure, and scalable layer 1 for financial institutions looking to use blockchain in a regulated environment,” the developer said. They include a permissioned decentralized exchange (DEX), a credit-based DeFi lending protocol and a new token standard, multi-purpose token (MPT), Ripple said. Each of these will rely on XRP Ledger’s “decentralized identifiers” to integrate compliance checks into the application’s smart contracts, it said. XRP Ledger’s…

The world’s largest decentralized exchange Uniswap partnered with Robinhood and payment platforms MoonPay and Transak to make crypto-to-fiat transactions easier. Users across more than 180 countries can now sell supported crypto assets through the platform to receive direct bank deposits starting from Feb. 27. The Uniswap wallet now supports the new feature on Android and iOS platforms, while the Uniswap extension and web app integration will become available soon. Turn your crypto into cash with Uniswap wallet 👀Fiat offramping is now live, making it easier than ever to move between crypto and cashNo extra steps. No hassle. pic.twitter.com/mIL5ZtFLPD— Uniswap Labs 🦄 (@Uniswap)…

Social media mentions of crypto dip buying have rocketed to their highest level since last July amid a crypto market rout that recently sent Bitcoin under $80,000.Santiment’s social sentiment tracker found that traders’ discussions on various social media channels like X, Reddit and Telegram between Feb. 25 and 26 are “showing a very high level of confidence” that this dip is the “the one to buy,’” the platform said in a Feb. 28 post to X.It’s the highest level of crypto dip-buying interest in seven months, it added. Bitcoin dropped below $90,000 on Feb. 25, a day after US President Donald…

Bitcoin’s price will continue to experience volatility until genuine buyers start entering the market, rather than traders seeking arbitrage opportunities, according to a crypto venture capitalist.“This is a classic case of liquidity games. ETFs didn’t just bring in long-term holders — they brought in hedge funds running short-term arbitrage,” Master Ventures founder Kyle Chasse said in a Feb. 27 X post. Hedge funds were pursuing “low-risk yields” on Bitcoin“For months, hedge funds were exploiting a low-risk yield trade using BTC spot ETFs & CME futures,” Chasse added. He said that volatility will continue for Bitcoin (BTC) as leveraged positions get liquidated and…