Author: Yeek.io

The cryptocurrency had been moving within an upward trend since 2023 but has now broken below the lower boundary of this pattern. This signals a shift in market sentiment, with sellers gaining control.For over a year, SOL followed an ascending parallel channel, where prices moved between two upward-sloping trendlines. The lower trendline provided support, stemming huge declines. But dipping below this level suggests selling pressure has been more than buyers, and the possibility of further declines is enhanced.To complement the bearish mood, SOL has recorded negative Elder-Ray Index readings since January 27, with the latest reading standing at -30.4. The…

Illuvium has announced a significant restructuring effort, aiming to cut costs and adjust its development focus to an MMO lite model.The company is reducing its monthly spending to $500,000 by March, with cost-cutting measures that include salary reductions, operational adjustments, and team layoffs. Some employees have been given the option to receive payments in Illuvium’s native $ILV token instead of $USDC.These changes come as the studio prepares for a shift in its flagship title, Overworld, which will transition to an “MMO Lite” model rather than a traditional open-world experience. This move follows previous cost-cutting efforts in 2024, when Illuvium reduced…

Swiss blockchain infrastructure provider Taurus has announced a new confidential token standard for institutions. Taurus, a Swiss digital asset infrastructure provider backed by Deutsche Bank and Credit Suisse, has introduced an open-source confidential token standard for debt and equity tokenization for financial institutions to tokenize financial assets on public blockchains while keeping customer privacy intact. The smart contract is designed in collaboration with the Aztec Foundation to give issuers control over who can see information about tokenized assets without compromising compliance, the Swiss firm said in a press release shared with crypto.news. The tech uses Aztec Network’s layer-2 protocol and…

On December 5th, we held our very first Hyperledger Web3j Summit, bringing together a vibrant cross-section of the community—from seasoned contributors and enterprise users to new enthusiasts curious about integrating Ethereum functionality into their Java and Android applications. As a maintainer of Hyperledger Web3j, an LF Decentralized Trust project, I was excited to see participants share insights, raise important questions, and offer new ideas to drive the project forward.Who Joined Us?The summit welcomed attendees from various backgrounds, each contributing unique perspectives:Enterprise and Financial Services Developers:NTT: Shared experiences in analyzing smart contracts, monitoring on-chain events in real-time, and identifying ways Web3j can…

Journalist Posted: February 20, 2025   Intraday traders have built $25.5 million worth of long positions at the $3.11 level. Despite a bullish outlook, investors and long-term holders found dumping $6 million worth of SUI tokens. In the ongoing market recovery, Sui [SUI] is one of the assets poised for a significant upside rally. This speculation is based on bullish price action and market sentiment that SUI built during the price drop. It remained stable throughout the market decline. At the time of writing, SUI experienced a price surge of over 6.50% in the past 24 hours and was trading…

Este artículo también está disponible en español. It’s a major win for Ripple ($XRP) as Brazil’s securities regulator Comissão de Valores Mobiliários (CVM) approved the world’s first $XRP spot exchange-traded fund (ETF). The news is yet another big step in the company’s expansion, which already includes partnerships with central banks.   The crypto market has reacted positively to this development, which raised $XRP’s price in the past 48 hours. The development is also sure to increase the exposure of other ETFs in Brazil. This includes Solana ($SOL)—which has two ETFs in the country—as well as related projects like Solaxy ($SOLX). Let’s…

Este artículo también está disponible en español. Although traders are on edge due to the price behavior of Bitcoin, some analysts think a breakout is just around the corner. Related Reading One of the vocal supporters of Bitcoin is “Titan of Crypto,” who suggests that Bitcoin’s stochastic relative strength index (StochRSI) is about to signal a major move. Could BTC be about to start a fresh climb as institutional interest grows and technical signals line up? Bitcoin: Strong Reversal From StochRSI Signals Titan of Crypto claims that the weekly StochRSI of Bitcoin is in oversold zone, a situation that has…

Homepage > News > Business > Tether talks stablecoins with Congress, eyes Lutnick’s help Tether’s Treasury bill custodian is now officially a U.S. government Cabinet member, but will that help the world’s largest stablecoin issuer avoid being banished from the world’s largest crypto market? On February 18, Howard Lutnick, founder of Wall Street financial services firm Cantor Fitzgerald (NASDAQ: ZCFITX), was confirmed by the U.S. Senate as the nation’s new Secretary of Commerce. As promised, Lutnick has begun divesting his interests in corporate operations, although the list of companies in which Lutnick either has a stake or plays an executive role…

Nic Carter says that the memecoin era is basically over and insider traders will soon face legal consequences. According to Nic Carter, a partner at Castle Island Ventures, the memecoin era has come to an end following a series of scandals, with the most recent one being the $4 billion LIBRA fiasco. He shared his thoughts in a post on X, stating, “Obviously, meme coins won’t fully disappear, but the trade is gone.” Carter also warned that insider trading in the memecoin market won’t go unnoticed and that those who were involved will eventually face legal consequences. Memecoins are unquestionably…

The Ethereum Name Service (ENS) is a cornerstone of the decentralized web, simplifying blockchain interactions by replacing complex Ethereum addresses with human-readable names. With the release of v4.12.3 of Hyperledger Web3j, an LF Decentralized Trust project, developers gain powerful new features to manage and interact with ENS, bringing significant improvements to identity management and metadata handling in decentralized applications.What is ENS?The Ethereum Name Service (ENS) is a decentralized naming system built on the Ethereum blockchain. It translates machine-readable identifiers like Ethereum addresses into human-readable names such as alice.eth. This simplifies interactions with the blockchain by allowing users to:Send and receive…