Author: Yeek.io

Este artículo también está disponible en español. Jamie Coutts, the chief digital asset analyst of Real Vision, says that the current crypto cycle is far from over, considering global liquidity conditions. Coutts drew a comparison between the global money supply (M2) and the crypto market. Of course, crypto movements depend a lot on liquidity. The more money there is in the markets, the more it tends to go up. Another side of the coin is adoption. As more people use crypto, it becomes more valuable and sees a price increase. Crypto benefits from both liquidity and increasing structural growth. Coutts…

Bybit confirmed that its multi-sig cold wallet was breached, just hours after the crypto exchange increased access to liquidation data for transparency. Bybit CEO Ben Zhou stated that hackers infiltrated the exchange’s (ETH) multi-signature cold wallet, draining nearly $1.5 billion in crypto. The breach was first flagged by renowned on-chain sleuth ZachXBT, who alerted the public to suspicious withdrawals from Bybit. Companies use multi-signature wallets to mitigate single points of failure, as multiple parties must approve a transaction. If one signer is compromised, the others can refuse to authorize fund transfers. However, in this case, the hackers managed to deceive…

As of February 21, 2025, the Pi Network has officially launched its open mainnet, allowing users to trade Pi Coins mined through the Pi app. If you’ve been mining Pi for years and are eager to sell your holdings, this guide will walk you through the process step-by-step. Whether you’re new to cryptocurrency or a seasoned trader, selling Pi Coin is now possible—but requires a few key steps to get started. What is Pi Coin and the Pi App? Pi Coin is the native cryptocurrency of the Pi Network, a project launched in 2019 by Stanford PhDs to make crypto…

In a developing story, the Bybit exchange is suspected to have been hacked for over $1.4 billion. This comes following a report from on-chain sleuth ZachXBT about ETH outflows from the crypto exchange. Bybit Suffer Hack Of Over $1.4 Billion The Bybit exchange appears to have suffered a hack involving over $1.4 billion. Onchain sleuth ZachXBT reported suspicious outflows of over $1.4 billion from the top crypto exchange and listed certain addresses that were receiving these ETH outflows. Meanwhile, the crypto exchange also reported an unauthorized transfer of ETH from its cold wallets due to masked UI spoofing accounts. However,…

Pepe coin has entered a bear market this year after plunging 65% from its all-time high. Pepe (PEPE), the second-biggest Ethereum (ETH) meme coin after Shiba Inu (SHIB), has plunged to the key support at $0.000010. While its decline aligns with the broader crypto sell-off, it is also influenced by Ethereum’s ongoing underperformance. Ethereum, the largest layer-1 blockchain, has lagged behind other major blockchains like Bitcoin and Solana. It has fallen by 5% over the past 12 months, while Bitcoin and Solana have surged by over 70%. Ethereum has also lost market share in several sectors, including decentralized finance, meme…

Quick take: The company also saw an oversubscribed CoinList sale with $15.5 million committed towards the targeted $4 million. The $ 500,000 private token sale on Echo was also oversubscribed, selling out in 11 seconds. The WalletConnect Foundation also conducted a private sale, raising $1.5 million from the company’s long-term supporters and strategic partners. WalletConnect has raised $10 million across four consecutive private token sales. According to the announcement on Friday, the first tranche raised via Bitget’s LaunchX platform reached its $4 million target within two hours with 40,000 investors committing over $170 million. The company also saw an oversubscribed…

Journalist Posted: February 21, 2025 Bitcoin, Ethereum, and Solana Futures faced notable Open Interest declines. The memecoin market suffered a sharp 52% drop in futures activity. The crypto futures market is currently experiencing a noticeable slowdown, with Open Interest (OI) across major assets like Bitcoin [BTC], Ethereum [ETH], and Solana [SOL] taking a significant hit. This cooling trend extends even further into the memecoin space, which has seen a sharper drop in futures activity. As the broader space adjusts to evolving conditions, the decline in OI has raised eyebrows. BTC and ETH: How did the OI drop? Source: Glassnode In…

According to Glassnode’s latest The Week On-Chain report, Bitcoin (BTC) must remain above the Short-Term Holder (STH) cost basis to avoid potential downside risks. Historically, this price level has served as a crucial pivot point between local bull and bear market phases, making it a key area to watch. Bitcoin Must Avoid Sliding Below STH Cost Basis Since the beginning of February, BTC has been trading within a narrow range between $93,000 and $98,000. The leading cryptocurrency by market cap has managed to withstand the impact of several major macroeconomic events, including US President Donald Trump’s proposed trade tariffs. However,…

Este artículo también está disponible en español. Ethereum is preparing for a Pectra update which will revolutionize institutional staking on the blockchain, potentially attracting more investors and becoming more appealing to companies and institutions. We look at 3 ERC-20 coins that could benefit. ETH Holds the Higher Ground The Pectra update news comes as Vitalik Buterin, the co-founder of Ethereum, fields criticism of his banning of gambling on his blockchain. He expressed his disappointment in people’s criticism of Ethereum for not inviting or accommodating casinos. He stressed Ethereum’s goal of creating a better crypto world and his responsibility towards the…

Homepage > News > Business > Binance.US regains access to dollars, Nigeria demands $81.5B Binance’s U.S.-based digital asset exchange has resumed U.S. dollar-based transactions while the dot-com mothership has been hit with an $81.5 billion—yes, with a ‘b’—damages claim by Nigeria’s government. On February 19, Binance.US announced that “USD services are back,” meaning customers can both deposit from/withdraw to their bank accounts, buy tokens via bank transfer (ACH) and trade using a limited (for the moment) number of USD pairs, including BTC, ETH, SOL, DOGE and (naturally) Binance’s in-house BNB token. Binance.US suspended USD deposits in June 2023 and became…