Author: Yeek.io

ConsenSys has submitted a letter to the U.S. Securities and Exchange Commission (SEC) expressing concerns about the proposed amendments to the definition of “exchange” under U.S. securities laws. The letter, addressed to Commissioner Hester Peirce and the SEC’s Crypto Task Force, requests the removal of the rulemaking from the regulatory agenda. ConsenSys Challenges US SEC Proposed DeFi Rule Change According to a recent submission, ConsenSys has urged the SEC to withdraw its proposed rule that expands the definition of an “exchange” to include decentralized finance (DeFi) platforms. The company argues that the amendments exceed the SEC’s legal authority. ConsenSys asserts…

MKR’s 4-hour Binance chart showed a strong uptrend, with a 50% gain since the iCrypto alert. If buying pressure persists, MKR could break resistance, but failure to do so may lead to a retracement. The cryptocurrency market has seen heightened activity surrounding Maker [MKR], which surged 20% in recent hours, extending its 50% increase since the iCrypto alert. This rapid price movement attracted investor attention, particularly from whales, whose transactions often signal potential trend shifts. A significant whale trade has sparked debate—does this indicate profit-taking, or can MKR sustain its momentum? Profit-taking or market signal? A major whale, 0x637 (“inveteratus.eth”),…

Ethena Labs has provided an update confirming that its unrealized PNL exposure to the hacked crypto exchange Bybit is now zero. The update follows an earlier post in which the Ethereum-based synthetic dollar protocol reassured users that its USDe stablecoin had minimal exposure to the incident. Previously, the Ethena (ENA) team stated that PNL exposure was under $30 million. “We are aware of the situation currently evolving with Bybit and are continuing to monitor developments.As a reminder: all spot assets backing USDe are held in off exchange custody solutions, including ByBit via Copper Clearloop for this precise reason,” Ethena Labs…

BTC Bull Token ($BTCBULL) is proving to be one of the most promising presales of 2025, having raised over $2.5 million in less than two weeks. The token’s explosive start has captured the attention of crypto investors who are looking for new ways to benefit from Bitcoin’s ongoing bull run.  With Bitcoin dominating market discussions, $BTCBULL positions itself as a meme-driven altcoin that rewards its holders as Bitcoin reaches new heights. The overall crypto market capitalization stands at $3.36 trillion, down just 0.76% in the past 24 hours but up an impressive 63% over the last year, indicating robust medium-term…

Memecoins have grown popular but lack long-term value and face skepticism. Volatility and insider trading undermine the stability of memecoins despite short-term price surges. Memecoins, once seen as lighthearted joke-based cryptocurrencies, have captured significant attention in the financial world. Initially dismissed as novelty assets, they are now sparking serious discussions about their long-term potential. With explosive price movements and strong community backing, memecoins like Dogecoin and Shiba Inu have made a mark. Brian Armstrong’s Vision: Are memecoins the next big thing? Brian Armstrong, CEO of Coinbase, maintains that memecoins might follow Bitcoin’s path. Just as Bitcoin started as a joke…

Journalist Posted: February 21, 2025 Sam Bankman-Fried claimed that his trial was politicized, and the prosecutor was biased.  Some crypto community members were against SBF getting a pardon.  Sam Bankman-Fried (SBF), former CEO of the defunct FTX crypto exchange, claimed that the bankruptcy was mishandled and is hopeful of a possible pardon.  In a recent interview with The New York Sun, from prison, he claimed,   “There were enough assets to pay everyone back in-kind, in full, in November 2022…If these debtors hadn’t stepped in, customers wouldn’t have waited two and a half years to get their money.” SBF appeal resolution…

The market intelligence platform IntoTheBlock has revealed how Pepe & other memecoins are currently going through a decline in on-chain activity. Pepe Has Seen A Notable Drop In Active Addresses Recently In a new post on X, IntoTheBlock has talked about how the smaller tokens and memecoins in the cryptocurrency sector have compared against the Layer 1 networks in terms of activity recently. The on-chain indicator of relevance here is the “Active Addresses,” which keeps track of the total number of addresses participating in some kind of transaction activity on a given network every day. The metric takes into account…

Este artículo también está disponible en español. American citizens may soon receive a significant financial boost if the U.S. government follows through on its plan to cut spending and save trillions of dollars. While this move appears to be an act of fiscal responsibility, it could also have unexpected benefits for $DOGE—given its name’s connection to a department led by Elon Musk. This so-called “airdrop for the masses” could further fuel interest in meme coins, particularly those offering free airdrops, such as BTC Bull Token ($BTCBULL). Below, we break down the details. Job Cuts, Terminated Contracts: A DOGE-y Savings Plan?…

Este artículo también está disponible en español. Ethereum has yet to return to its all-time high for over three years, a stark contrast to Bitcoin, which has surged past many price levels in the current cycle. Despite being the second-largest cryptocurrency, Ethereum has struggled to keep up with the broader market even during price rallies. However, a new technical outlook suggests that Ethereum may soon break free from this underwhelming trend and push toward $4,867 based on a strong meeting of multiple technical indicators. Extremely Strong Support Shows Ethereum Breakout Is Close As revealed by a technical analyst on the…

Azuki’s latest anime project—Fractured Reflections—will debut on February 27 at 18:00 PT as part of the ongoing Enter The Garden anthology series.The episode will first be shown on Anime.com before being made available on Azuki’s YouTube channel, marking the second instalment in a planned three-part series.Azuki, originally recognised for its NFT collection, has been developing animation projects to extend its storytelling beyond digital assets. The latest episode continues this initiative, incorporating themes of mystery and exploration. Source: Anime.comWhat is Fractured Reflections?The episode follows Shao and Raizan, two sisters who grow up in the Alley, relying on each other to survive.When…