Author: Yeek.io

Homepage > News > Finance > Digital euro project expands while US remains against CBDC The European Central Bank (ECB) recently announced it was expanding its initiative to settle transactions between institutions with a wholesale central bank digital currency (CBDC) payment system. The initiative will progress in two stages. First, the CBDC settlement platform will be developed, with a timeline to be announced soon. Second, the ECB will look at more integrated, long-term solutions, including international operations like foreign exchange settlement. “This is an important contribution to enhancing European financial market efficiency through innovation,” said ECB Executive Board member Piero…

A popular market analyst known for his timely crypto calls says that the astronomical altcoin gains of the last cycle are probably never going to happen again. Pseudonymous trader Pentoshi tells his 858,600 followers on the social media platform X that altcoins now have less potential to print the same level of gains seen in 2017-2021 because the market has significantly expanded and the total market cap started at a much higher level this cycle. “Well some updated thoughts. I think for alts, we will never see a run like 2017-2021 again. But I also said that previous to this…

Today, the Senate Banking Subcommittee on Digital Assets hosted its first hearing, entitled “Exploring Bipartisan Legislative Frameworks for Digital Assets,” at which certain members of the subcommittee and crypto industry witnesses predominantly discussed stablecoin regulation. Senator Cynthia Lummis (R-WY), a long-time proponent of the Bitcoin and digital asset industry, presided over the hearing with assistance from ranking member of the subcommittee, Senator Ruben Gallego (D-AZ). The witnesses included Tim Massad, former CFTC Chair and Research Fellow at the Kennedy School of Government at Harvard University; Jai Massari, Chief Legal Officer at Lightspark; Jonathan Jachym, Global Head of Policy and Government…

Este artículo también está disponible en español. The market intelligence platform IntoTheBlock has revealed how the largest of Bitcoin holders have been the ones applying selling pressure amid the price decline. Bitcoin Mega Whales Have Been Reducing Their Supply Recently In a new post on X, IntoTheBlock has discussed the latest trend in the Bitcoin supply held by the whales. The ‘whales‘ broadly refer to the entities who own more than 1,000 tokens of the cryptocurrency. Related Reading At the current exchange rate, this amount converts to a whopping $88.9 million, so the only investors who would qualify for the…

The cryptocurrency market has been facing significant short-term volatility, with the overall market cap currently standing at $3.05 trillion – a 3.33% decline in just 24 hours. The market had peaked at an impressive $3.91 trillion in December 2024, meaning it has dropped by nearly 22% in the last couple of months.This turbulence has particularly impacted the meme coin sector. Once soaring to a staggering $225 billion valuation in January 2025, the meme coin market has now corrected sharply to just $64.8 billion, marking a massive 71% decline in only a few months.As investors look for stability amid this downturn,…

Journalist Posted: February 27, 2025 Cardano was down 50% from its December peak of $1.3.  At press time, ADA’s price hit a pivotal point, but demand was still weak.  Cardano’s[ADA] weekly losses topped 12% as bearish pressure continued following Bitcoin’s [BTC] drop below $90K. Even the Grayscale Cardano ETF acknowledgment didn’t induce much demand, reinforcing macro uncertainty as a key risk factor for the altcoin and broader market.  However, the slight 2% drop in Bitcoin dominance was positive news, which could offer relief to altcoins, including ADA. So, what does price action imply?  Cardano hits pivotal level Source: ADA/USDT, TradingView…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Dogecoin plunges 40%, Shiba Inu and Codename:Pepe hold strong with promising upside potential. The crypto market is in turmoil as Dogecoin (DOGE) faces a significant decrease, losing 40% of its value amid a selling frenzy. While uncertainty looms for this meme coin, others seem to be holding their ground. The spotlight turns to Shiba Inu (SHIB) and an intriguing newcomer, Codename:Pepe, noted for its potential in the current bull market. Codename:Pepe is making waves as it aims to…

Solana is facing mounting selling pressure, trading at its lowest level since September 2024 following yesterday’s market-wide correction. Extreme fear continues to grip the market as SOL fails to find strong support, with bears maintaining control since the cryptocurrency hit its all-time high back in January. Since then, Solana has retraced over 55%, leaving investors uncertain about its short-term prospects. The broader crypto market remains under pressure, with altcoins struggling to regain bullish momentum. Analysts warn that further declines could be on the horizon if SOL fails to hold key levels. Crypto expert Ali Martinez shared on-chain metrics on X,…

A significant transfer of Ethereum (ETH) valued at $600 million went into Bybit from Mirana Ventures. The operation aims to reduce financial damages from the previous $1.5 billion hack by stabilizing Bybit’s system. Amidst this turmoil, investors are exploring the best cryptos to invest in right now.​A major security breach at Bybit resulted in the loss of 1.5 billion dollars worth of ETH-based assets. The Ethereum deposits came from Mirana Ventures, which works closely with Bybit co-founders. The exchange plans to build its assets by investing this considerable funding amount toward solving existing liquidity issues.​Mirana Ventures processed the transaction by…

Mastercard is announcing a new partnership with Ondo Finance (ONDO) that will see the project join the credit card giant’s Multi-Token Network (MTN), a blockchain that links commercial banks and digital assets. In a new press release, Mastercard says it is joining forces with the real-world asset (RWA) tokenization protocol because the firm believes blockchains are the future of business-to-business transactions due to their efficiency. “Blockchain technology has the potential to transform the way businesses pay one another. Even in 2025, the complex work of settling the world’s business transactions sometimes requires waiting several days as banks communicate and sync…