Author: Yeek.io

Ethereum Layer-2 project Kinto will close this month after a major exploit in July drained its reserves and left the team unable to secure new funding. Summary Kinto price has fallen by more than 80% after a shutdown announcement following a July exploit that drained 577 ETH. Phoenix lenders will recover about 76% of funds, while hack victims are eligible for $1,100 goodwill grants. Withdrawals remain open until Sept. 30, with an Ethereum claim contract and ERA airdrop planned in October. On Sept. 7, Kinto announced on X that its will shut down operations on Sept. 30, following a July…

Key Takeaways USELESS surged 18%, OBV improved, and Open Interest recovered to $27.37 million. Will weak volumes stall USELESS Coin’s breakout momentum, or can Smart Money inflows keep fueling the rally? USELESS Coin [USELESS] remained the top BONK [BONK] ecosystem token, with social sentiment still elevated. LunarCrush data showed social activity rose to 0.15% of all crypto chatter. The community hype likely drove an 18% price jump in the past 24 hours. Even so, USELESS traded 49%, below its all-time high of $0.415 at press time. Volume rises amidst weak momentum AMBCrypto’s analysis of USELESS crypto on the charts exhibited…

Conversations across the crypto space are circling back to blue-chip tokens, with Bitcoin, Ethereum, and Dogecoin taking the spotlight. Data from on-chain analytics platform Santiment shows that top market cap cryptocurrencies are dominating the surge in social chatter, with discussions ranging from institutional adoption and ETF speculation to technical barriers and ecosystem growth. Alongside them, Strategy, Tether, and MultiversX are also attracting strong attention. Related Reading Bitcoin And Ethereum Dominating Attention Despite price resistance at $112,000 throughout last week, Bitcoin is still the most closely watched cryptocurrency by analysts and investors. According to on-chain analytics platform Santiment, Bitcoin is currently…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure There is no question as to how impressive the performance of the US-based Ethereum ETFs (exchange-traded funds) has been in the past quarter. However, the crypto-linked investment products have had a nightmare start to the month of September. As seen with the sluggish price action of ETH, the cryptocurrency market seems to be witnessing a phase of investor uncertainty and indecisiveness. These struggles appear to be finally translating to the performance of the Ethereum ETFs, which just recorded their worst week in terms of capital inflows. Ethereum…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The price of Ethereum showed a significant level of volatility over the past week, oscillating between about $4,260 and $4,490. This price movement is not merely a result of market volatility but also a host of intriguing underlying factors. Recent on-chain analysis delves into some factors behind Ethereum’s price action. Ethereum Holdings Across Exchanges Drop In 3 Months In a Quicktake post on the CryptoQuant platform, pseudonymous analyst CryptoOnchain revealed that the Ethereum holdings across different centralized exchanges have witnessed a significant drop over the past few months. …

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…

Key Takeaways Altcoins linked to President Trump are under pressure. The TRUMP token flashed red on risk metrics, while WLFI faced backlash after freezing funds without warning.  Altcoins tied to President Trump are back in the spotlight… and not for the right reasons. The Official Trump [TRUMP] token is flashing red as extreme leverage and mounting liquidation risks threaten traders. Meanwhile, World Liberty Financial [WLFI] is under fire, facing serious allegations from the community. On top of this, one developer claimed his tokens were frozen without explanation, going so far as to brand the project “the new age mafia.” TRUMP…

Ethereum (ETH) has just made history with a development that could reshape its market trajectory. For the first time, the Ethereum exchange balance has turned negative, meaning more tokens are being withdrawn from trading platforms than deposited. This structural shift in supply dynamics has analysts labeling it a key bullish signal for the market’s next rally.  Ethereum Exchange Balance = Negative Crypto market expert Cas Abbe shared a new report showing that Ethereum’s exchange flux has slipped into the negative territory for the first time on record. He suggests that the latest development could be bullish for ETH, as it…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure SharpLink is weighing a bold move that could reshape how corporations manage digital assets. Presently, the company is exploring the option of staking a portion of its Ethereum on the Linea network. What Staking Ethereum Means For SharpLink SharpLink Gaming (NASDAQ: SBET), one of the largest Ethereum treasury firms, is taking a step into the future of decentralized finance, with plans to stake a portion of its massive $3.6 billion ETH treasury on the Linea layer-2 network.  According to Co-CEO Joseph Chalom, this strategic decision will help…

Ethereum spot ETFs recorded $446.71 million in net outflows on Sept. 5. This is the second-largest single-day outflow since the products launched. Summary Ethereum ETFs saw $446.7m outflows Sept 5, second-largest since launch. BlackRock led with $309.9m in redemptions, followed by Grayscale and Fidelity. ETH trades near $4,300 after recent highs of $4,900 triggered profit-taking. The only larger outflow occurred on Aug. 4, when investors pulled $465.06 million from the funds. The massive outflows came as Ethereum (ETH) traded around $4,300, down from recent highs near $4,900 reached earlier in the month. The selling pressure reduced cumulative net inflows to…