Author: Yeek.io
Journalist Posted: February 28, 2025 DOGE has broken below key support with no clear demand zone in sight. Will bulls step up, or is a deeper correction imminent? Dogecoin [DOGE] has plunged below a key support level on the 1D chart, after a 50% decline from its Q4 peak, with $0.20 now emerging as the third crucial floor this year. Meanwhile, meme-sector valuations have plunged $15 billion in a week, with DOGE alone shedding $8 billion. DOGE’s ability to hold this level faces a serious test. To begin with: Slowing network growth DOGE’s network is rapidly contracting, with new address…
Hackers gained access to the memecoin platform Pump.fun’s X account on Feb. 26, raising questions about security at a crucial time for memecoins and the crypto industry as a whole.The platform has since regained control over its X account. Pump.fun said that it’s unlikely any of its staff are at fault as it followed “industry best-practices, and focused on minimizing the risk of such an event occurring.”According to blockchain sleuths like ZachXBT, the attack on the platform may have been perpetrated by the same hackers responsible for other similar exploits. While the Pump.fun incident came to a quick close with next…
Bitcoin’s price could be approaching its bottom this cycle as it lingers below $83,000 and market sentiment remains fearful, according to the founder of a crypto fund. “Some broader macro data still looks poor, but it also wouldn’t surprise me if we put in a near-term floor locally given the significant level of fear and liquidations,” Bitcoin analyst and digital asset fund Capriole Investment founder Charles Edwards told Cointelegraph.Bitcoin sentiment improves slightly despite stagnant priceDespite the Crypto Fear & Greed Index — which measures overall crypto market sentiment — tapping a more than two-year low score of 10 on Feb.…
The US Securities and Exchange Commission, under former chair Gary Gensler, used settlements to pressure founders of decentralized finance platforms from ever working in the industry again, according to venture capital firm Founders Fund partner Joey Krug.“The thing people don’t really know about is that the government, in many cases, went to founders of DeFi protocols […] and basically told the founders you effectively have to do a settlement with us,” Krug said on stage at the ETHDenver conference on Feb. 27.“In many cases, they said you also have to sign a thing that says you will never work in…
Homepage > News > Finance > Japan may change digital asset classification to ‘investments’ Japan may change its classification of digital assets from payment methods to financial products, a move that would increase regulatory oversight for issuers. The move is in response to an increasing number of investment scams in the country as the digital asset market has grown to roughly JPY 4.5 trillion (US$30.11 billion) in recent years. Japan’s financial regulator, the Financial Services Agency (FSA), proposes that the national government review the change by the middle of 2025. It would place digital (or “crypto”) assets under the Financial…
A new decentralized artificial intelligence (AI)-based altcoin is surging to the upside after abruptly gaining support from the world’s largest crypto exchange platform by volume. In a new announcement, Binance says its adding support for MyShell (SHELL), a protocol that allows users to create, share and own AI agents that can be used for professional and personal assistance as well as companionship. News of addition sent SHELL flying as the digital asset went from a low of $0.462 on February 26th to a peak of $0.661 just a day later. SHELL has since retraced and is trading for $0.597 at…
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Este artículo también está disponible en español. Dogecoin, the industry’s premier meme coin, has consistently led most altcoins in price performance in recent months. However, it faces its toughest challenge amidst falling network activity and a price slump. According to an analyst, Dogecoin experienced a massive 95% drop in active addresses on its network, suggesting a considerable decline in activity. Related Reading #Dogecoin $DOGE network activity has declined by 95%, dropping from 2.66 million active addresses in November to just 130,282 today! pic.twitter.com/SlH3qTuMP6 — Ali (@ali_charts) February 25, 2025 Should Dogecoin Holders Worry? As Dogecoin’s price starts to recover, its…
With the crypto market poised for a bull run, now is the best time to get your hands on emerging tokens with the potential to dominate this cycle. Early investors in the next big project could ride their coins to the moon and earn life-changing profits along the way.While there are many services that help investors find promising cryptos, Best Wallet is gaining prominence as the best platform to use. Best Wallet combines all the features of a reliable crypto wallet with a crypto launchpad and decentralized exchange (DEX) to help you make the most of Web3.In fact, Best Wallet…
Safe, the developer of the SafeWallet multisignature product used by Bybit, has released a short post-mortem update explaining the root cause of the recent Bybit hack — a compromised developer machine. The announcement prompted a critical response from Binance co-founder Changpeng “CZ” Zhao.According to Safe, the forensic review of the Bybit hack did not find vulnerabilities in the Safe smart contracts or the code of its front end portal and services responsible for the $1.4 billion cybersecurity incident.Martin Köppelmann, the co-founder of the Gnosis blockchain network, which developed Safe, noted that the compromised machine was modified to target the Bybit…