Author: Yeek.io

A controversial tax rule proposed by the U.S. Internal Revenue Service, requiring decentralized finance brokers to report crypto transactions, could be overturned as lawmakers have pushed to repeal it. On Feb. 26, U.S. House Representatives advanced a resolution to scrap the rule, with the House Ways and Means Committee voting 26-16 in favor of the repeal. The resolution now moves to the full House for a vote. If it passes, the Senate will then decide its fate. A successful Senate vote would send the measure to President Donald Trump, who can either sign it into law or veto it. However,…

Investors Show Confidence in EthereumDespite the decline, data from Glassnode suggests strong investor confidence. The Cost Basis Distribution (CBD) data shows that many investors continue to buy Ethereum as prices drop. A key support level has formed at $2,632, where 786,660 ETH has been acquired. Resistance sits at $3,149, with 1.22 million ETH accumulated.Ethereum’s recent flight from exchanges is a crucial optimistic indicator. 178,500 ETH, valued at almost $444 million, have left exchanges in the last 48 hours. This suggests that investors are taking their money out of exchanges and putting it in their personal wallets, most likely for long-term…

With whales continuing to dump ETH and spot Ethereum ETFs reporting large net outflows, Ethereum is under increasing sell pressure. According to SoSoValue data, U.S. Ethereum (ETH) spot ETFs saw $94.3 million in net outflows on Feb. 26. BlackRock led the outflows with $69.7 million, followed by Fidelity with $18.3 million and Grayscale with $3 million. Over the past week, total net outflows have reached $222 million. ETH has dropped 5% during the last 24 hours, trading at $2,340 at press time. According to CoinGlass, 24-hour liquidations have totaled $127.93 million. Weaker DeFi activity and liquidity are also seen in…

Top NFT Collections (Last 24h) Here are the hottest NFT Collections of the day. Rank Name Volume Transactions Chains URL 1 Pudgy Penguins 578.87 ETH 65 ethereum View 2 Doodles 278.68 ETH 86 ethereum View 3 Milady Maker 244.58 ETH 65 ethereum View 4 Kaito Genesis 171.55 ETH 53 ethereum View 5 Bored Ape Yacht Club 147.33 ETH 11 ethereum View 6 Azuki 113.26 ETH 39 ethereum View 7 Lil Pudgys 114.44 ETH 124 ethereum View 8 CryptoPunks 91.75 ETH 2 ethereum View 9 Mutant Ape Yacht Club 69.13 ETH 31 ethereum View 10 Memeland Captainz 55.29 ETH 49 ethereum…

Winklevoss twin-led Gemini is the latest crypto firm to shake off the U.S. Securities and Exchange Commission’s scrutiny, as the agency closed its probe after nearly two years. According to co-founder Cameron Winklevoss, the commission has decided not to pursue enforcement action against Gemini nearly 700 days after launching its investigation and 277 days after issuing a Wells Notice. On Monday, the SEC informed our litigation counsel @JackBaughman27 that it has closed its investigation into @Gemini and will not be pursuing an enforcement action against us. This comes 699 days after the start of their investigation and 277 days after…

Bitwise Asset Management, a leading crypto-specialist asset manager with more than $12 billion in client assets, has closed a $70 million equity funding round successfully. The round was led by Electric Capital, with notable support from MassMutual, Highland Capital, MIT Investment Management Company, Haun Ventures, ParaFi Capital, Khosla Ventures, General Catalyst, Blockchain Coinvestors, and Nikesh Arora, among others. Strengthening Crypto Asset Management in a Booming Market: This capital arrives at a critical juncture for Bitwise as well as the wider crypto asset management sector. The industry is seeing fast growth, driven by regulatory certainty, the rising popularity of decentralized finance…

TRON’s USDT supply climbed to an all-time high, marking a significant milestone in the blockchain’s growing dominance High CEX activity on TRON may be a sign of the blockchain’s strategic positioning within the market TRON’s USDT supply has climbed to an all-time high, marking a significant milestone in the blockchain’s growing dominance. As more investors and traders migrate their liquidity to TRON, its role in the broader crypto ecosystem will only strengthen. The hike in USDT supply is a sign of rising transaction volumes and deeper DeFi integration. Simultaneously, TRON’s on-chain activity has surged too, with active addresses increasing and…

On-chain data shows Floki is among the altcoins seeing the largest spike in whale activity, a sign that could be bullish for the memecoin’s price. Floki Has Just Seen A 450% Increase In Whale Transaction Count In a new post on X, the on-chain analytics firm has talked about how the various altcoins in the cryptocurrency sector have ranked against each other in terms of the Whale Transaction Count growth over the past day. The “Whale Transaction Count” here refers to an indicator that keeps track of the total number of transfers occurring on a given network that carry a…

Este artículo también está disponible en español. On Wednesday, Bitcoin (BTC) prices plummeted to a four-month low, reaching as low as $81,000, as the anticipated “Trump bump” in the markets faded. This has prompted investors and traders to hedge against further decreases, with Bitcoin options indicating a notable interest in put options with a strike price of $70,000.  Bitcoin Plummets 20% Since Trump’s Inauguration According to data from Deribit, the largest crypto options exchange, this strike price represents the second-highest open interest among all contracts set to expire on February 28, with a total of $4.9 billion in open interest…

Blockchain security experts uncovered a malicious mobile app that stole sensitive wallet data from users’ devices, leading to the theft of over $1.8 million in cryptocurrency. A fake app called BOM stole over $1.82 million in crypto by secretly accessing users’ private keys and mnemonic phrases, according to blockchain security firms SlowMist and OKX Web3 Security. In a Feb. 27 research report, SlowMist reported that the first unauthorized transactions with the app were noticed on Feb. 14. Analysis of stolen funds movement from the BOM creator across multiple DEXs | Source: SlowMist On-chain analysis showed identified main leaks, which led…