Author: Yeek.io

The race to establish Bitcoin as a state-level strategic reserve asset has taken a decisive step forward in the Beehive State. On February 20, House Bill 230 (HB230), also known as the “Blockchain and Digital Innovation Amendments,” passed the Senate Revenue and Taxation Committee in a 4-2-1 vote. The legislation, which already cleared the state House of Representatives, now proceeds to a second and third reading in the full Senate. Should it succeed in those readings and receive a final Senate vote of approval, the bill would only require Governor Spencer Cox’s signature to become law. Utah Takes The Lead…

Este artículo también está disponible en español. A former cryptocurrency exchange executive remarked that Bitcoin is an inescapable reality, a statement that stirred a discussion within the crypto community. The comment made by the former CEO of Binance, Changpeng Zhao, was a reaction to the report that another American state sought to establish a local version of US President Donald Trump’s proposed Strategic Bitcoin Reserve. Related Reading Bitcoin Reserve Bill The proposal to create a US Strategic Bitcoin Reserve is gaining momentum as several US states passed legislation that seeks to establish a localized version of a BTC reserve and…

2The U.S. Securities and Exchange Commission (SEC) has ended its investigation into OpenSea, dropping allegations that NFTs sold on the platform were unregistered securities.OpenSea CEO Devin Finzer announced the news on February 22 in a post on X (Twitter), calling it “a win for everyone who is creating and building in our space.” He added that classifying NFTs as securities “would have been a step backward—one that misinterprets the law and slows innovation.”The SEC had issued a Wells notice to OpenSea in August, signaling that the agency found potential legal violations. At the time, Finzer stated, “We’re shocked the SEC…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Grayscale’s ETF sparks optimism for ADA, but AI crypto FloppyPepe rises, challenging its market dominance. The Cardano (ADA) price has long been a fixture in the crypto world, but recent news of Grayscale’s ETF proposal has sparked a renewed sense of optimism for its future. However, as ADA dominates the market, a new AI crypto is drawing attention with community-driven growth, AI insights, and meme culture. FloppyPepe (FPPE) is taking the lead as the battle for market dominance is…

Solana (SOL) has taken a major hit, shedding $18 billion in market capitalization amid a steep price drop. Over the past month alone, SOL has tumbled 29.01%, with a 12.72% decline in just the past week. Currently, its price fluctuates between $180.20 and $202.84, reflecting heightened market uncertainty. Despite the downturn, technical indicators show mixed signals. While the Relative Strength Index (RSI) at 54.61 suggests neutral conditions, the MACD remains positive at 0.6311, hinting at potential upward movement. SOL is also trading above its 10-day and 100-day moving averages, which could indicate a possible rebound. However, if the price falls…

Bybit lost $1.4 billion following a major ETH hack linked to the Lazarus group There are now calls for Vitalik Buterin to roll back the chain to help Bybit recover the funds Bybit’s $1.4 billion Ethereum hack has been reportedly linked to the notorious Lazarus group. As expected, this triggered a withdrawal frenzy as investors exited the crypto exchange en masse. In fact, according to Bybit’s founder and CEO Ben Zhou, the exchange saw record withdrawal requests, but they were all handled smoothly.  “Since the hack, Bybit has experienced the most number of withdraws that we have ever seen, We…

Dogecoin’s price action with the Bollinger Bands indicator shows it is now at a junction of either a breakout to the upside or another downward move. Technical analysis shows that Dogecoin’s interaction with the Bollinger Bands suggests it could go on a swift upwards move. However, there remains a critical risk factor that the bulls need to keep an eye on. Dogecoin’s Struggle Around The Middle Bollinger Band Dogecoin’s price action with the Bollinger Bands was noted on the TradingView platform by crypto analyst SwallowAcademy. SwallowAcademy’s analysis highlights that since the start of February, Dogecoin has been trading within the…

Este artículo también está disponible en español. According to an X post by crypto analyst Ali Martinez, Bitcoin (BTC) is witnessing a decline in sell-side pressure, indicating that a local market bottom may soon form for the premier cryptocurrency.  Bitcoin Local Bottom On The Horizon? Bitcoin continues to trade just below the psychologically significant $100,000 level, hovering at $98,650 at the time of writing. However, the top cryptocurrency by market capitalization is witnessing a notable drop in sell-side pressure. Related Reading Martinez shared the following Bitcoin Sell-Side Risk Ratio chart from crypto analytics platform Glassnode, highlighting a sharp decline in…

Top NFT Collections (Last 24h) Here are the hottest NFT Collections of the day. Rank Name Volume Transactions Chains URL 1 Kaito Genesis 374.06 ETH 139 ethereum View 2 Pudgy Penguins 373.30 ETH 40 ethereum View 3 Milady Maker 216.46 ETH 56 ethereum View 4 Doodles 187.32 ETH 50 ethereum View 5 Azuki 155.25 ETH 53 ethereum View 6 Lil Pudgys 134.36 ETH 145 ethereum View 7 OCH Genesis Ring 120.15 ETH 80 ethereum View 8 Fluid Vault 89.25 ETH 6 ethereum View 9 CryptoPunks 84.61 ETH 2 ethereum View 10 SMB Gen2 0.00 ETH 55 solana View The post…

The scale of the staggering $1.4 billion hack on crypto exchange Bybit will undoubtedly unfold in coming days and weeks. However, as Bybit, industry players such as other exchanges and blockchain sleuths work out on unmasking the hacker, on-chain data shows the perpetrator immediately got busy trying to move their Ethereum (ETH) loot. What did the Bybit hacker steal? According to Nansen, a multi-chain artificial intelligence analytics platform, the total amount stolen in the heist stood at $1.44 billion at the time of the breach.  The on-chain trail of the funds showed the hacker drained Bybit’s wallet of 401,347 ETH…