Author: Yeek.io

U.S. spot Bitcoin exchange-traded funds have experienced their second consecutive week of over $500 million in outflows leading up to Feb. 21. According to data from SoSoValue, the 12 spot BTC ETFs recorded $559.41 million in net outflows over the past week, continuing the negative momentum from the previous week, when they saw $585.65 million in net redemptions. Notably, U.S. BTC ETFs began the week from Feb. 18 to Feb. 21 with $60.63 million in outflows, reversing the positive flows observed on the last trading day of the prior week. Over the next two days, the negative momentum intensified, with…

The crypto sector has witnessed a notable boost as the majority of the prominent assets display substantial gains. As per the data from CryptoRank, the total market cap of the crypto realm has reached $3.36T with a 1.00% increase over the last 24 hours. In addition to this, well-known crypto assets like Bitcoin ($BTC), Ethereum ($ETH), and Slana ($SOL) have also experienced significant profits. In the meantime, the Fear and Greed Index has jumped to 50, showing the “neutral” position. Overall, these positive developments signify the potential for further growth in the short term. CryptoRank has shared market review through…

Crypto-focused neobank Infini has reportedly suffered a $49.5 million exploit, with stolen funds being swapped to DAI and used to purchase ETH. CertiK first flagged suspicious activity on Feb. 24 at 3:18 am UTC, noting unauthorized transfers from an Infini-related contract on Ethereum (ETH). The hacker granted themselves special access to the account “0xc49b…” and was able to withdraw 49.5 million USD Coin (USDC).  #CertiKInsight 🚨We have seen suspicious transfers of funds from unverified contracts on Ethereum 0x9A79f4105A4e1A050Ba0b42F25351D394fA7E1DCThe receiver 0x3ac96134fb0e42a52d33045aee50b89790f05ed0 took ~$49.5M and is swapping them for DaiStay Vigilant! pic.twitter.com/MVXyn4fM9o— CertiK Alert (@CertiKAlert) February 24, 2025 After that, the 49.5…

According to crypto analyst Crypto Yoddha, Ethereum (ETH) may have finally reached its bottom. The analyst shared their insights on X, suggesting that the second-largest cryptocurrency by market cap could be on the verge of a trend reversal. Is The Ethereum Bottom Finally In? Crypto Yoddha shared a 10-day ETH chart indicating that the digital asset has likely bottomed for this cycle. To support this analysis, the analyst highlighted striking similarities between ETH’s current price behavior and its movement during the 2019–2020 cycle. Source: Crypto Yoddha on X According to the analyst, Ethereum followed a similar price structure in its…

Homepage > News > Business > Institutions are not coming to save ‘crypto’ from itself “The institutions are coming” was a popular mantra in the digital currency space just a few years back. While a few did come, such as BlackRock (NASDAQ: BLK) and Vanguard, with their BTC ETFs, the latest report on eTrading from JPMorgan (NASDAQ: JPM) suggests the vast majority aren’t interested, and the number of traders who think blockchain is an important technology has declined sharply. The annual JPM eTrading survey surveyed 4,200 institutional traders. It showed that 71% of institutional investors have no intention of getting…

Journalist Posted: February 24, 2025 BNB is struggling to break past resistance, with Funding Rates suggesting indecision among traders. A drop below $640 could trigger more downside, while a push above $700 may signal bullish momentum. Binance Coin [BNB] has been trading within a defined channel, facing resistance near the $700 mark while maintaining support above $620. The asset’s price trajectory is showing signs of tightening volatility, but on-chain metrics suggest potential deviations that could define its next major move. BNB: Resistance and support zones The 12-hour chart for BNB revealed a symmetrical consolidation, with price action oscillating between a…

The meteoric rise of Bitcoin and other cryptocurrencies has fascinated the financial world and beyond. However, as cryptocurrencies have grown in popularity, concerns have also been raised about their impact on the environment. The energy-intensive process of Bitcoin mining has raised concerns about its impact on carbon emissions and environmental degradation. In this in-depth article, we explore the environmental concerns surrounding Bitcoin, the variables that contribute to its carbon footprint, and the innovative solutions being implemented to make cryptocurrency mining more environmentally friendly. Daily income $99999 About BitconeMine: BitconeMine is ahead of other companies with its state-of-the-art cloud mining technology…

Cardano price started a fresh decline from the $0.820 zone. ADA is now consolidating losses and at risk of more losses below the $0.7350 level. ADA price started a fresh decline below the $0.80 and $0.7650 levels. The price is trading below $0.7750 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.7620 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7750 resistance zone. Cardano Price Climbs Above $0.750 After a decent increase, Cardano faced resistance near the…

1 October 2024 EEA’s Crosschain Interoperability Working Group has just published a case study describing an implementation of the EEA DLT Interoperability Specification. This case study describes an implementation of the recently published version 1 specification, to enable interactions between the EVM-based Polygon blockchain, and the RUST-based Sobrana Smart Contracts on the Stellar Network. The Stellar-Polygon Asset Bridge showcases how different DLT networks can be leveraged to create efficient, secure, and scalable crosschain asset transactions…. …This case study exemplifies how adherence to open standards like the EEA DLT Interoperability Specification can provide a robust framework for enterprises to build and…

Bitcoin reached an all-time high of $73,000 in March 2024. Fast-forward to 2025 and Bitcoin is trading well above that level. In fact, the asset climbed $69,374 on US Election Day to as high as $103,713, as reported by AP news. Many skeptics in recent years never believed that it would reach this level, let alone surpass this level.  The cryptocurrency marketplace is inherently fluctuating. Due to this Bitcoin’s present market value remains slightly below its peak value of $103,713. Let’s dive into some of the industries that have propelled Bitcoin’s price to this higher value.  Industries Driving the Rise…