Author: Yeek.io

Homepage > News > Business > SEC drops suits, forms anti-fraud unit, takes more meetings Crypto operators have yet to take down their Christmas stockings because the United States Securities and Exchange Commission (SEC) is preparing to make every day a Crypto Christmas. On February 21, the Coinbase (NASDAQ: COIN) digital asset exchange issued a blog post claiming that “SEC staff has agreed in principle to dismiss its unlawful enforcement case against Coinbase, subject to Commissioner approval.” The SEC has yet to confirm or deny this claim, but a vote by the three sitting Commissioners is expected this week. The…

Ligero, a blockchain startup specializing in zero-knowledge proof (ZKP) technology for data privacy and security, has successfully raised $4 million in a seed funding round. Galaxy Ventures and 1kx co-led the round, with further participation from Franklin Templeton, Nascent, Anagram, Robot Ventures, Digital Currency Group, and ZKV, Ligero announced on Wednesday. The firm first started raising in March 2024, closing the round in July 2024, coinciding with the launch of its flagship product, Ligetron, co-founder Matt DiBiase told The Block. The seed round took the form of a straightforward agreement for future equity (SAFE) with token warrants, on a $20…

Journalist Posted: February 26, 2025 BTC dominance dropped as BTC dipped, contrary to previous market dumps.  Altcoins like Story IP, Maker, and Hyperliquid posted double-digit recoveries.  Bitcoin’s [BTC] dip below $90K was also marked by a 2% decline in market dominance, a move analysts speculated could relieve altcoins.  In fact, according to pseudonymous analyst Stockmoney Lizard, the decline in BTC dominance as BTC dumped was a new trend.  “Also new: BTC dropping while BTC.D is dropping…This means many Altcoins are forming local bottoms while BTC makes new lows”  Source: BTC.D, TradingView During the drop to $86K, BTC dominance slipped from…

Stellar lumens price declined for the third consecutive day as fear spread across the cryptocurrency market. Stellar (XLM) fell to $0.2740, its lowest level since Feb. 3, and is now 57% below its peak in November. Its crash coincided with most cryptocurrencies as Bitcoin (BTC) and Ethereum (ETH) have moved into a bear market.  Stellar may be at risk after Ripple (XRP) price retreated and formed the risky head and shoulders pattern, as we wrote on Monday. A H&S pattern is made up of a head, two shoulders, and a neckline. It is one of the most bearish chart patterns…

Dubai, United Arab Emirates, February 26th, 2025, Chainwire The MuskIt team was proud to host Errol Musk in Dubai for an exclusive four-day visit this week. As an honored guest of the MuskIt project, Errol Musk explored key locations for the proposed Musk Tower – a planned hub for global technology, blockchain innovation, and entrepreneurship. His visit marks a pivotal moment for MuskIt and the entire crypto community, solidifying the project’s commitment to real-world impact and lasting legacy as the first memecoin turning into a culture coin and real-world asset ownership. He spoke more about his vision in the exclusive interview…

MetaMask has expanded its fiat off-ramp feature to more than 10 blockchains, with support enabled via its partnership with payments firm Transak. Self-custodial wallet MetaMask, the leading provider in the Ethereum (ETH) ecosystem, will now allow users to convert tokens into fiat directly on top blockchains such as BNB Chain, Arbitrum, Avalanche, Base and Optimism. MetaMask users previously had to first swap tokens for ETH before converting these into fiat. The deal was both not cost-effective or efficient.  “By expanding off-ramping capabilities with Transak, MetaMask is removing barriers between crypto and traditional currency, allowing users to convert a broader range…

A crypto whale is booking millions of dollars in losses after a long position on the Official Trump (TRUMP) turned against him, onchain data reveals. According to blockchain tracking platform Lookonchain, the whale liquidated his position in the TRUMP memecoin at a loss of $24.4 million. The blockchain-tracking platform says the whale acquired 763,582 TRUMP tokens about a month ago at a price of $33.9 million but has now sold the stash at approximately $9.48 million. Per Lookonchain, the whale had previously turned a profit on the memecoin before the loss-making trade. “This whale had already made $11.8 million on…

Citadel Securities provides liquidity for major financial institutions. Crucially, though, Citadel doesn’t deal with crypto. Or it didn’t until now. In the wake of Donald Trump’s major shake-up of the crypto regulatory scheme, Citadel – who already controls $63B in assets – is reportedly ready to make the jump to becoming a crypto liquidity provider. Why now? Bitcoin is down 7% in the past week, and the broader crypto market dropped well below $3T to $2.92T market cap. That seems like poor timing.But Citadel’s a leading hedge fund for a reason; it looks at the big picture. And the big…

Este artículo también está disponible en español. Bitcoin’s price fell to $86,099 on February 26th, wiping out almost $1.06 billion from crypto’s market cap and sending ripples across the industry. According to Coinglass tracking, around 230,000 positions have been liquidated for the day.  Related Reading As a sign of bearish sentiment, the digital asset’s open interest has dipped to 5%, reflecting deleveraging among investors and holders. On-chain data also suggests that exchange inflows surged to 14.2%, potentially suggesting panic selling among holders. Furthermore, funding rates are now in negative territory, indicating investors’ sentiments have shifted.  Massive Losses For Holders As…

Financial markets have seen big outflows this week, and the crypto market has been no exception.However, times like these are often when the best opportunities present themselves, and that certainly appears to be the case right now. This article provides the three best crypto to buy on the dip.StoryIn a world where AI continues to play a more central role, and we’re still learning how to properly manage it – a major problem exists. That problem is intellectual property (IP) rights.IP rights give people exclusive profits from things they have created, but AI often infringes on these rights, drawing on…