Author: Yeek.io

DeFiChain has been an extraordinary project, and the whole DeFiChain Labs team was honored to be a part of it.But all good things have to come to an end, and for us, that means handing over our responsibilities to new groups and individuals represented by the community.Since we took over the agenda from the Bake team almost a year ago, we always acted in a way that benefited the community.Sure, we could have been a bit “louder” and discussed things more thoroughly, but as the good old saying goes: “too many cooks spoil the broth.”We initiated most things ourselves because,…

Blockchain analytics firm Bubblemaps has uncovered that at least one investor who profited from TRUMP and LIBRA was also among the first to buy Ye’s YZY memecoin. Summary The first major YZY memecoin purchase occurred on launch day, with a wallet (AwY1V) acquiring $250,000. On-chain analysis has linked this wallet to addresses involved in sniping TRUMP, LIBRA, and HAWK launches. Research by blockchain analytics firm Bubblemaps has revealed that at least one of the investors who previously sniped the TRUMP and LIBRA token launches was also among the early snipers of Ye’s YZY memecoin, which officially launched on the Solana…

After several consecutive days in the red, the nine U.S-listed exchange-traded funds tracking Ethereum are back with inflows. Summary Ethereum ETFs recorded $288 million in net inflows on Aug. 21, ending several consecutive days of losses. ETH’s price remains under pressure, trading just above $4,238, down 0.72% over the past 24 hours, but up 15% for the month. Bitcoin ETFs continued to see outflows, losing $194 million and marking five consecutive days of withdrawals. Ethereum ETFs recorded a total of $288 million in net inflows on Aug. 21, ending a four-day streak of underperformance. SoSoValue data shows BlackRock’s ETHA led…

Gemini has teased plans for an XRP-branded Mastercard, which has stirred fresh interest within the XRP community. But can this development help reverse the token’s downtrend? Summary Gemini has teased the launch of an XRP-powered credit card. XRP price has remained in a downtrend this month. Technical indicators suggest selling pressure was waning. In an Aug. 21 X post, crypto exchange Gemini shared an image of a billboard in New York that featured an XRP-branded Mastercard. The ad displayed the date “8.25.25,” likely the launch date for the card, and also named WebBank as the issuing partner. “Prepare your bags,”…

The U.S. Office of the Comptroller of the Currency (OCC) has ended a 2022 consent order against crypto-native custodian and bank Anchorage Digital. Summary US OCC drops 2022 consent order against Anchorage Digital. Anchorage CEO Nathan McCauley said the decision was a key milestone for the industry. U.S. regulators, including OCC, Fed, and FDIC, have eased restrictions on banks offering crypto services. After over three years, the OCC, on Thursday, said it had dropped the order because “the safety and soundness of the bank and its compliance with laws and regulations does not require the continued existence of the order.”…

The Solana-based decentralized exchange (DEX) Meteora has become a trending crypto trading platform in the past 24 hours with it seeing a drastic surge in daily trading volume . The climb was supported by the trend linked to Kanye West’s YZY token which set a buzz within the crypto community. During the YZY trend, Meteora handled over $1.183 billion in trading volume. Raydium, the long leading Solana DEX, trailed behind during the same period with less than $1 billion in trading volume in the last 24 hours—as per DeFillama data.Fees and Market ImpactWith the notable spike in trading volume, Meteora also…

BIO price looks poised to confirm a golden cross amid continued whale accumulation. Can it rally to $0.30 in the coming weeks? Summary Bio Protocol is up over 80% in the past week and has hit a six-month high today. Whales and high-profile figures have continued investing in BIO. A golden cross has formed on the daily chart, supported by other bullish technicals. According to data from crypto.news, Bio Protocol (BIO) rallied over 80% in the past 7 days, trading at $0.186, its highest level in six months. As of press time, its monthly gains stand at 175% while its…

A Democratic lawmaker in Pennsylvania has proposed a bill that would ban elected officials from profiting off cryptocurrency while in office. Summary Pennsylvania lawmaker Ben Waxman introduced HB1812 to ban elected officials from profiting off cryptocurrency while in office. HB1812 would require lawmakers to divest their current holdings. Democrat Ben Waxman from District 182, along with eight other Democratic co-sponsors, presented House Bill 1812 on Aug. 20 with the intention of prohibiting “elected officials from profiting off cryptocurrency while in office.” HB1812 was drafted in reaction to what Waxman described as corruption at the federal level, pointing directly at President…

Key Takeaways Shiba Inu has declined sustainably for the past eight months, dropping 16% in 30 days. An analyst eyes a 125% rebound to $0.000028 despite prevailing conditions. Since reaching $0.0000334 eight months ago, Shiba Inu [SHIB] has struggled, making significant losses across the charts.  In fact, as of this writing, Shiba Inu was trading $0.0000125, marking a 1.61% jump on daily charts. Before these moderate gains, SHIB had been on a downward trajectory, dipping by 8.09% and 16% on weekly and monthly charts.  Despite a strong downward momentum, crypto analysts, especially Alphractal founder Joao Wedson, eye a massive recovery.  On-chain…

Ethereum is stabilizing above the $4,200 level after days of sharp volatility and heavy selling pressure. The recent downturn saw ETH retreat from local highs near $4,800, leaving bulls with the urgent task of defending critical demand zones. Now, early signs suggest that momentum may be shifting back in favor of buyers, with selling pressure beginning to fade across the market. Related Reading This stabilization comes as altcoins prepare for what could be a decisive period in the coming months. Market sentiment is cautiously turning optimistic, supported by improving technical signals and renewed accumulation patterns. Analysts point out that if…