Author: Yeek.io

Homepage > News > Business > Nigeria slaps Binance with $81.5 billion lawsuit Nigeria has filed a new lawsuit against Binance, demanding $81.5 billion from the global digital asset exchange for economic losses and back taxes. Nigerian authorities and Binance have been embroiled in a legal battle for the past year, with the exchange accused of economic sabotage, facilitating money laundering, evading taxes, operating without a license and crashing the naira. The clash seemed to have cooled down considerably since the end of 2024, but as Reuters reports, Nigerian authorities are now demanding $79.5 billion in fines for Binance allegedly…

Journalist Posted: February 25, 2025 More than $2 Billion ETH shorts will be liquidated if the Ethereum price pumps to $3,000. Ethereum is days away from printing a similar BTC monthly Hammer candle that preceded a parabolic rally. Ethereum’s [ETH] Exchange Liquidation Map indicated massive accumulation of short positions, with potential liquidations approaching $2 billion if ETH’s price reaches $3,000. As of press time, ETH was trading at $2,479.30. The increase in cumulative short liquidation leverage suggested high bearish speculation within this price range. If ETH’s price surges to $3,000, liquidating these short positions could create a short squeeze. This…

Solana has suffered a sharp decline, dropping to its lowest level since November as selling pressure keeps mounting ahead of a major token unlock. As of the time of writing, Solana (SOL) is sitting at $135 mark, down by 15% in just one day. On the weekly and monthly timeframes, it has declined by 17% and 56% respectively, according to crypto.news. This marks Solana’s lowest price since mid-October. The price crash comes despite growing institutional interest in SOL, with asset managers like Franklin Templeton and VanEck recently filing for Solana exchange-traded funds. This downturn in Solana’s price can be tied…

XRP is establishing new trading patterns against Bitcoin, and traders are closely monitoring a potential shift in market dynamics. XRP has exhibited remarkable strength over a lengthier timeframe, with a 31% gain against Bitcoin during the past month, despite a 15% decline in the past week. Analysts are in disagreement as to what may occur next, as the altcoin’s short-term weakness and long-term strength show opposing figures. Unprecedented Consolidation Pattern Emerges EGRAG, a market analyst, has identified a previously unseen development in the relationship between XRP and Bitcoin. The current pattern indicates consolidation at historically elevated levels, in contrast to…

Matrixport sees growing risk of deeper decline as Bitcoin slips below key pattern amid low trading activity. Bitcoin (BTC) broke out of an ascending broadening wedge, a typically bearish pattern, with a 6.78% drop that pushed its price down to $87,630 as of press time. In an X post on Feb. 25, Matrixport analysts warn the slippage could lead to further declines, especially with low trading activity limiting demand for dip-buying. “The likelihood of a deeper decline is increasing, particularly since this break is occurring during a period of low trading activity, which may result in limited demand to buy…

Binance will list RED (RedStone) for pre-market trading, allowing users to trade RED before its official launch, at 10:00 February 28 (UTC).$RED Token DetailsToken Name: RedStone (RED)Blockchain: Ethereum Contract: 0xc43c6bfeda065fe2c4c11765bf838789bd0bb5deTotal Supply: 1,000,000,000 RED Circulating Supply: 280,000,000 RED (28% of total supply)Token AllocationSource: RedStoneLaunchpool DetailsToken Rewards: 40,000,000 RED (4% of total supply)Hourly Hard Cap per User: 66,666 RED in BNB pool8,333 RED in FDUSD pool8,333 RED in USDC poolFarming Accumulation:Period: February 26 00:00 – February 27 23:59 (UTC)Total Daily Rewards: 20,000,000 REDBNB Pool Daily Rewards: 16,000,000 REDFDUSD Pool Daily Rewards: 2,000,000 REDUSDC Pool Daily Rewards: 2,000,000 REDTrading pair RED/USDT will be available for trading…

Bithumb, one of South Korea’s leading crypto exchanges, is set to add Ethena to its Korean Won market today. According to Bithumb’s official announcement, trading for Ethena (ENA) will begin at 6:00 PM KST on Tuesday, Feb. 25, 2025. Deposits and withdrawals will open within three hours of the notice, but only on the Ethereum network. Ethena will have an initial price of 536 krw, and traders must wait for 33 deposit confirmations before transactions can be processed. Bithumb has also put some temporary restrictions in place for the launch. Buyers won’t be able to place orders in the first…

Shiba Inu’s massive token burn surge aims to reduce supply, but the price remains under pressure On-chain signals and liquidation heatmap revealed bearish sentiment, signaling potential further price declines Shiba Inu [SHIB] is in the news again after a massive 2532.14% hike in token burns over the last 24 hours – An encouraging move for its community. At press time, the price of SHIB stood at $0.00001469, underlining a 6.16% fall in the last 24 hours.  This surge in burn activity highlighted the efforts to reduce circulating supply, which could eventually lead to upward price pressure. And yet, despite this impressive…

밈인덱스(Meme Index, $MEMEX)가 밈코인에 투자하기 위한 보다 안전한 방법을 찾는 투자자들을 끌어들이면서 프리세일 모금액 400만 달러에 가까워지고 있다. 한편, 미국인 래퍼 예(Ye, 구 명칭 칸예 웨스트)가 밈코인 출시 예고와 그 사실에 대한 부정을 번복하며 암호화폐 업계에 혼란을 증폭시키고 있다. 그 외에도, 이 또한 출시된다면 또 다른 러그풀이 될 수 있다는 우려를 낳았다. 유명 인사들이 계속해서 자신의 영향력을 빠른 수익을 얻는 데 악용하면서, 투자자들의 실망감은 점점 더 쌓여가고 있으며 밈코인 부문의 진위성에 대해 의문을 들도록 한다. 밈인덱스는 폭넓은 토큰 바스켓으로 위험을 분산함으로써 그러한 사기로부터 보호하고, 투자자들이 어떤 밈코인이 자신의 인덱스 안에 포함시킬지를 선택할 수 있도록 한다. 이러한 인덱스에 대한 접근은 $MEMEX…

The SOPR metric, measuring if STHs are selling at profit, remains below the worrying 1.0 point. This would mean that a majority of the traders are offloading their BTC at a loss. So long as the SOPR remains low, selling pressure is likely to increase and create additional losses.Despite the decline of Bitcoin by 8% over the last 24 hours, exchange data shows no massive outflows. Exchanges have lost just 157 BTC, which is worth around $14 million, which means panic selling has not yet begun. This shows that investors may be waiting on their investments, expecting a potential turnaround.Bitcoin…