Author: Yeek.io

MEXC announced a $20 million allocation to Ethena’s synthetic dollar USDe and a $16 million in Ethena Labs to fund user incentives to drive stablecoin adoption.  On Feb. 26, MEXC crypto exchange announced that it had allocated $20 million to USDe. Additionally, MEXC Ventures, the investment branch of MEXC, has invested $16 million into Ethena (ENA) to be used for user-focused stablecoin-related incentives for users, including opportunities to earn rewards in high-APR staking events.  Ethena’s USDe is classified as a stablecoin, but it differs from classic stablecoins like Tether (USDT) and USD coin (USDC) in that it offers its holders…

Who Benefits from MEV?MEV is a game of speed, strategy, and access. The biggest winners are those who control the order of transactions or can react quickly to market movements. The main groups profiting from MEV include:Validators: These entities have the power to choose which transactions go into a block and in what order. They earn validator rewards from the usual block subsidies and gas fees, but MEV allows them to extract additional value by prioritizing certain trades over others.Searchers: These are sophisticated traders or bots that scan the mempool (a waiting area for unconfirmed transactions) to spot profitable opportunities.…

As we head into 2025, the landscape of cryptocurrency mining continues to evolve. For many, the dream of mining Bitcoin (BTC), Dogecoin(DOGE), and Litecoin (LTC) is appealing, but the high costs of hardware and technical expertise can be a significant barrier. This is where cloud mining platforms come into play, offering a way to participate in the mining process without owning any physical equipment. In this article, we will explore the top 10 cloud mining platforms expected to be the most profitable in 2025, evaluating their features, costs, and overall reliability.What is Cloud Mining?Cloud mining entails leasing processing power from…

Homepage > News > Business > Crypto’s largest heist part 1: The billion-dollar blind spot Standing at the window of Bybit‘s Singapore headquarters, a block from the shimmering banks of Marina Bay, Ben Zhou thought it would be a routine night. The co-founder and CEO of the upstart digital asset exchange had grown accustomed to the hum of nocturnal operations—scheduled transfers, system checks, and maintenance tasks. Crypto never sleeps, or so the saying goes. In the 24/7 world of digital finance, a late-night transaction was hardly cause for concern. So when an Ethereum cold wallet multi-signature transfer was submitted shortly…

KAITO crypto soared 41.5% on Feb. 27, outpacing the broader crypto market, which fell by 4.1% over the past day. According to data from crypto.news, Kaito (KAITO) surged to an intraday high of $2.52, bringing its market cap from $440 million to over $600 million at press time. Its price rally occurred in a high-volume trading environment, with daily trading volume doubling over the past day, reaching over $1.97 billion. KAITO’s rally followed a jump in demand among its derivative traders. CoinGlass data shows a nearly 66% increase in open interest in the KAITO futures market, hitting an all-time high…

Journalist Posted: February 27, 2025 FBI has called on DeFi players to blacklist addresses used by North Korean hackers to launder Bybit stolen funds.  Binance’s CZ questioned Gnosis Safe’s transparency in the hack.  The FBI has linked the recent $1.5B Bybit stolen funds to a North Korea crypto hack and called on private players to blacklist wallet addresses used by threat actors.  The agency referenced the threat actor ‘TraderTraitor’, and urged everyone to help fight the entity.   “FBI encourages private sector entities including RPC node operators, exchanges, bridges, blockchain analytics firms, DeFi services, and other virtual asset service providers to…

The Ethereum Foundation (EF) is donating more than a million dollars to help Tornado Cash developer Alexey Pertsev with his legal defense. The contribution follows the developer’s supervised release to prepare to appeal his money laundering conviction in the Netherlands. Ethereum Foundation Aids Alexey Pertsev’s Defense On Wednesday, the Ethereum Foundation announced its $1.25 million donation to Alexey Pertsev’s legal defense. In an X post, the Foundation shared their contribution to the Tornado Cash developer, affirming that “privacy is normal, and writing code is not a crime.” EF pledges $1.25 million to support Tornado Cash’s developer. Source: Ethereum Foundation on…

1Chipotle has launched a new initiative in the metaverse, using a short film to promote sustainable agriculture. The campaign, called “Unfolded,” premiered in a national TV ad and within the virtual world of Roblox.  The 60-second ad focuses on agrivoltaics, a method that combines agriculture with solar energy production. Chipotle’s goal is to generate awareness about the future of sustainable food production. “How we grow our food is how we grow our future,” said Chris Brandt, Chief Brand Officer at Chipotle.   In the metaverse experience, users meet a Chipotle employee in the Burrito Builder world. They receive instructions to start a quest…

Over the past 24 hours, the price of Chainlink (LINK) triggered a minor buying pressure as it surged toward the high around $16. However, bears are strongly defending an immediate push in the price chart. The fear/greed index has dropped, now showing a fear sentiment at level 20. Meanwhile, Chainlink’s trading volume has declined by 21.8% in the last 24 hours, reaching $661 million. Looking at the longer trend, LINK’s price has been declining since mid-December, dropping from a high of $31 to about $15 on 3 February. In recent weeks, LINK price has been under strong bearish pressure following…

Este artículo también está disponible en español. Bitcoin (BTC) has experienced one of its largest price pullbacks in recent times, plunging from $96,131 on February 24 to a potential local bottom of $85,418 today. The decline triggered liquidations exceeding $1.5 billion, with the majority coming from long positions. Is It Time To Buy Bitcoin? The recent price action suggests that the crypto market is reacting to bleak macroeconomic conditions, driven by US President Donald Trump’s proposed trade tariffs and a hawkish stance from the US Federal Reserve (Fed).  The total crypto market cap has now fallen below $3 trillion for…