Author: Yeek.io

The Ethereum Foundation is doubling down on its support for Roman Storm, the Tornado Cash developer who now faces prison time after a partial conviction in federal court. Summary The Ethereum Foundation has pledged financial support for Roman Storm’s legal defense. Storm was recently found guilty of running an unlicensed money transmitting business. In an Aug. 7 X post, the legal aid account supporting Storm revealed that the Ethereum Foundation has committed to match up to $500,000 in donations to his legal defense.  Shortly after, the foundation’s co-executive director Hsiao-Wei Wang added that the foundation will match another $500,000, bringing…

Hi DeFiChain Community,Welcome to your weekly round-up of the DeFiChain ecosystem! It’s been another bustling week with plenty of developments. Let’s dive in and explore what’s new and exciting.DeFiChain Faces Mounting Exchange Pressure as DFI Listings Come Under ThreatThe DeFiChain community needs to understand what’s happening with our exchange listings. Recent weeks have brought challenging news that affects how and where DFI can be traded.Read more here.DeFiChain Labs Infrastructure Mandate is Ending in Q3 – Here’s our Transition PlanAfter years of managing DeFiChain’s infrastructure, we’re approaching a major milestone. Our mandate to handle these responsibilities comes to an end in…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s growing appeal among institutional players has taken another leap forward as Fundamental Global Inc. (FGF), a Nasdaq-listed company specializing in reinsurance, merchant banking, and asset management, revealed an ambitious $5 billion cryptocurrency strategy in a recent SEC filing. The plan marks a major pivot toward Ethereum investments, signaling increased confidence in the asset’s long-term potential. The announcement immediately impacted market sentiment. While FGF shares closed the regular session on August 7 at $36.17, down 1.44% for the day, they surged 3.76% after-hours to $37.53 following the…

Founder of the trading platform BAGS, Finn, acquires the original dogwifhat cap, worn by viral dog Achi, from an online auction hosted on Ord City. The hat was sold at a price of $793,409. Summary BAGS founder Finn, bought the original dogwifhat knitted cap for 6.8 BTC on Ord City. The price of dogwifhat token WIF surged by 5.7% following the recent purchase of the meme’s original hat. On August 8, the original knitted pink hat worn by the Shiba Inu named Achi was first auctioned off by the original owner on the digital marketplace platform Ord City. In less…

BIO, the native token of the DeSci platform Bio Protocol, surged after the project expanded staking for BIO and other ecosystem tokens on the Ethereum mainnet. Summary BIO has hit a five-month high of $0.103. Staking for BIO and BioDAO tokens recently went live on the Ethereum mainnet. The token is nearing a potential double-bottom breakout on the daily chart. Bio Protocol (BIO) shot up as much as 71.6% to a five-month high of $0.103 on Aug. 7 before it backtracked some of its gains and settled at $0.084 as of press time. Its market cap stood at $164 million,…

Ethereum founder Vitalik Buterin reveals that, despite his immense crypto fortune, he still chooses to wash his own underwear by hand—a personal detail that offers insight into his unconventional approach to both wealth and daily life. Summary In a tirade against exorbitant hotel laundry room fees, ETH founder Vitalik Buterin said that rebelling against injustice, no matter how seemingly innocuous, is a personal principle—illustrating that small acts of defiance can be meaningful statements against unfairness in everyday life. Other billionaires, like Warren Buffett and Ingvar Kamprad, have voiced similar tendencies. What these tactics can teach us about life, wealth and…

Ethereum has broken out of its week-long slumber, posting fresh gains as whales and institutions double down. SharpLink, one of the largest public holders of ETH has increased its stack with a fresh buy, offering a boost to price. Summary Ethereum is trading above $3,900, up 7% in 24 hours. ETH-focused treasury company SharpLink bought another 22,000 ETH. Whales are doubling down on ETH acquisition, reversing the bearish pattern flagged earlier this week. According to crypto.news data, Ethereum (ETH) has climbed roughly 7% in the past 24 hours. It now trades slightly above $3,911, marking a clean breakout from the…

Key Takeaways Toshi crypto traders need to be careful of volatility in the short term. A fake breakdown from the triangle pattern, followed by a rally towards $0.007, appeared likely from the liquidation heatmaps.  Toshi [TOSHI] recorded a 5.61% price drop over the past 24 hours, following a 34% rally on the charts. This rally began on Sunday, 03 August, and lasted till Wednesday, 6 August, before seeing a pullback. The memecoin lacked a strong bullish trend over the past two months on the higher timeframes. In fact, the mascot of the Base blockchain has not made steady bullish strides,…

FLOKI is on the verge of a technical breakout, driven by its recent listing on the popular U.S. trading platform Robinhood. Summary FLOKI rose over 11% to $0.000118 on Aug. 8 after debuting on U.S.-based trading platform Robinhood. Whale holdings fell to 28.94 billion tokens from a monthly peak of 30.5 billion. Technical signals show breakouts from a falling wedge and double-bottom pattern. According to data from crypto.news, Floki (FLOKI) climbed over 11% to $0.000118 on Aug. 8 during morning Asian trading before easing slightly to $0.000117 at press time.  Today’s price action was marked by a sharp increase in…

A group of cryptocurrency threat actors dubbed “GreedyBear” has stolen over $1 million in what researchers describe as an industrial-scale campaign spanning malicious browser extensions, malware, and scam websites. Summary GreedyBear has reportedly stolen over $1 million through malicious extensions, malware, and scam websites. More than 650 malicious tools targeting cryptocurrency wallet users were identified in the campaign. Researchers found signs of AI-generated code used to scale and diversify attacks. GreedyBear has “redefined industrial-scale crypto theft,” according to Koi Security researcher Tuval Admoni, who said the group’s approach blends multiple proven attack methods into one coordinated operation. While most cybercriminal…