Author: Yeek.io

Journalist Posted: February 28, 2025 SHIB’s burn rate of 4137.17% shows potential for reduced supply and price momentum. On-chain signals and exchange metrics remained bearish, indicating a lack of buying interest. Shiba Inu [SHIB] has been attracting significant attention in the crypto market due to its remarkable 24-hour burn rate of 4137.17%. This substantial increase in tokens burned could play a critical role in reducing supply and, consequently, driving up the price.  At press time, SHIB was trading at $0.00001471, reflecting a 2.82% increase, over the last 24 hours.  As a result, the community is eager to see how the…

Scammers are taking advantage of the recent Bybit hack to target Binance users. They are sending fake SMS messages that appear to come from Binance, tricking people into thinking their accounts are at risk. Fake Messages Claim Security Breach The scam messages tell users that their Binance accounts have been compromised. Some claim unauthorized access from countries like North Korea. The goal is to scare users into taking immediate action without verifying the source. Tricking Users Into Transferring Funds These messages often include a link or phone number for users to contact Binance support. However, these are controlled by scammers.…

The US Securities and Exchange Commission says it does not view memecoins as securities but warned any fraudulent tokens could still be subject to enforcement actions by other regulators.The agency’s Division of Corporation Finance said in a Feb. 27 statement that, in its view, memecoins “do not involve the offer and sale of securities under the federal securities laws” and “are akin to collectibles.”“As such, persons who participate in the offer and sale of meme coins do not need to register their transactions with the Commission,” the SEC said.It added that memecoin buyers and holders wouldn’t be protected by US…

With the SEC’s decision to take no further action against Gemini, the exchange joins the ranks of an ever-more-expanding list of crypto firms that are, for now, sidestepping regulatory penalties. Cameron Winklevoss shared the SEC’s notice that “based on the information we have,” the case is closed. This result provides immense relief to Gemini and, indeed, investors, attesting to how compliance can help result in positive outcomes amid the growing pressure of regulatory scrutiny. While the crypto market is still coming to terms with evolving regulations, the case of Gemini shows just how crucial compliance and transparency are in providing a…

Successful new token listings on memecoin platform Pump.fun are down more than 80% from January highs, according to data from Dune Analytics. The daily number of tokens completing Pump.fun’s “bonding curve,” a prerequisite to listing on a decentralized exchange (DEX), is down to about 200 on Feb. 26 from as high as nearly 1,200 on Jan. 23 and 24, according to data from Dune Analytics. Bonding involves bootstrapping trading liquidity in Solana (SOL) tokens directly on Pump.fun before a memecoin migrates to Raydium, Solana’s most popular DEX. Overall Pump.fun token launches — irrespective of whether they finish bonding — followed a similar trajectory,…

Over the last 24 hours, the price of Hbar has been witnessing a recovery rally toward $0.2, flashing a surge of around 1.5%. It briefly reached a high of $0.2021 as buyers increased domination. Additionally, Hedera’s trading volume has dropped 19.4% in the last 24 hours, reaching $400 million. Looking at a longer timeline, Hedera’s price dropped below $0.39 on December 3 and has been decreasing since then. On February 3, the price of HBAR crashed heavily as it dropped below $0.2. Additionally, the recent hack in Bybit pushed the price toward $0.2. Consequently, its market capitalization has grown by…

In a recent statement, the US Securities and Exchange Commission (SEC) provided insights into the classification of memecoins within the context of federal securities laws.  This move, a part of the SEC’s attempt to make clear how these regulations apply to different assets, could prove to be a significant victory for these altcoins and the exchange-traded funds (ETFs) that have been filed with the regulator. Memecoins Not Subject To Federal Securities Laws According to the SEC’s criteria, a memecoin is generally characterized as a type of cryptocurrency that draws inspiration from internet memes, cultural phenomena, or current events, with promoters…

Este artículo también está disponible en español. In his latest video update, long-time market analyst and self-described “four-year cycle” trader Bob Loukas delivered a breakdown of Bitcoin’s current trajectory. Despite a roughly 22% pullback from its recent all-time high, Loukas asserts that the leading cryptocurrency’s price action remains “nothing we have not seen before.” Loukas opened his video by acknowledging growing anxiety among traders following Bitcoin’s drop from around $110,000 to the mid-$80,000 range. However, he emphasized that such swings are a natural part of Bitcoin’s characteristic volatility. “As I record this video Bitcoin’s at $87,000, down from an all-time high…

Are you watching the price of VeChain VET and doubting whether it is a good investment? As illustrated in Chart 1, on February 27, the VET trading day started with a brief fall. But at 00:30 UTC, the VET price established an upward trajectory, projecting a bullish trend. But at 06:50 UTC, VET attempted to break the $0.02926 key resistance. Conversely, at 07:00, VET encountered an RSI Overbought condition, indicating a possible downtrend. Likely, VET breached a short breakout and pulled back below the key resistance of $0.02926. If VET holds above the key resistance, it could encounter robust bull…

Ripple Labs has signed a strategic partnership with BDACS, a South Korean digital asset custody provider, to support institutional custody for XRP and Ripple USD.The partnership, announced on Feb. 26, will enable BDACS to integrate Ripple Custody, the company’s institutional crypto and digital asset custody solution, to safeguard XRP (XRP), Ripple USD (RLUSD) and other crypto assets for financial institutions in South Korea.Source: RippleRipple president Monica Long highlighted the importance of institutional-grade custody amid growing enterprise interest in crypto.“South Korea is gearing up for a wave of institutional crypto adoption — very excited for Ripple Custody to plant another flag…