Author: Yeek.io

Nasdaq-listed ALT5 Sigma is set to adopt World Liberty Financial’s native token as a treasury asset as it taps the project’s executives to join its board. Summary World Liberty Financial will invest 7.5% of the total WLFI token supply in ALT5 Sigma’s $1.5 billion capital raise. ALT5 Sigma will adopt $WLFI as a treasury asset, creating the first corporate treasury to hold the token. According to a Monday press release, the Trump-backed DeFi venture World Liberty Financial is driving a $1.5 billion capital raise at ALT5 Sigma by contributing 7.5% of the total $WLFI token supply in a private placement.…

Influencer-driven tokens rarely last, with the Ibiza Final Boss coin becoming the latest example of the hype-and-crash pattern. Summary Ibiza Final Boss coin drops 84% days after launch. The token reached $41 million in fully dilluted market cap on memecoin hype. Influencer memecoins have a bad track record in terms of performance. Celebrity memecoins are proof that attention does not always drive sustainable value. On Sunday, August 10, just days after launch, the Ibiza Final Boss (BOSS) token fell 84% to an all-time low. Reportedly Inspired by TikTok influencer Jack Kay on August 8, the Solana-based memecoin rocketed to a…

S&P Global Ratings issued a “B-” credit rating to Sky Protocol (formerly MakerDAO) on August 8, 2025, marking the first time a major credit rating agency has assessed a decentralized finance protocol. The rating is part of S&P’s stablecoin stability assessment program initiated in 2023 to evaluate stablecoins like Sky’s USDS and DAI, and tokens like sUSDS and sDAI, can keep their value steady compared to fiat currency like the U.S. dollar.According to CoinMarketCap, Sky’s USDS stablecoin, with a market capitalization of $5.36 billion, received a “4” (constrained) stability rating from S&P for keeping its value equal to the U.S. dollar.…

The crypto market has seen steady gains over the past few days, driving the total market capitalization to new highs. After a brief pullback in recent weeks, investor confidence has returned, fueled by strong buying activity. Summary Crypto market capitalization hits $4.1 trillion, marking a recovery and fresh high in under a month. Bitcoin has climbed 2.6% in 24 hours, currently trading above. Bitcoin’s dominance remains high at 60%, stalling the long-anticipated altseaon. Crypto market capitalization has surged significantly over the past 24 hours, now valued at $4.1 trillion according to CoinGecko data. This marks the second time the market…

A golden cross has formed on the Ethena daily chart, and last time this appeared, ENA rallied over 80%. Summary Ethena (ENA) rose 16% to $0.85 on Aug. 11, extending its 30-day gains to nearly 150%. USDe, Ethena’s synthetic stablecoin, has surpassed $10 billion in supply. Ethereum’s breakout above $4k has strengthened confidence in USDe’s ETH-backed reserves. According to data from crypto.news, Ethena (ENA) rallied 16% to an intraday high of $0.85 on Monday, Aug. 11. At this price, its weekly gains stand at over 35% while its gains over the past 30 days stood at nearly 150%. Its market…

ZORA crypto soared to a new all-time high on Aug. 11 as whale interest surged, but looming signs suggest the rally could run out of steam soon. Summary ZORA hit an all-time high of $0.139 and is up 160% this month. Whale wallet holdings for ZORA have risen over the past 7 days. According to data from crypto.news, Zora (ZORA) rallied to an all-time high of $0.139 on Monday, Aug. 11, with its market cap rising to over $436 million at press time. At this price, it currently stands over 160% from this month’s low and roughly 1,600% above its…

PENGU is accumulating and gearing up to retest the $0.0450 resistance, boosted by its recent Arkham listing. But this could just be the beginning, as fundamentals are stacking for a potential 1,000%+ rally this cycle. Summary PENGU is holding above key support after correction, setting up to retest the $0.045 resistance in the short term. PENGU momentum has just been boosted with the Arkham Exchange listing for both perps and spot. PENGU’s price action is closely mirroring PEPE’s explosive rally, with potential upside targets of $0.24 and $0.70, representing 494% and 1,632% from current levels. Pudgy Penguins (PENGU) is up…

Video-sharing platform Rumble is considering an all-stock acquisition of Tether-backed AI and data center operator Northern Data. Summary Northern Data shareholders would receive 2.319 newly issued Class A Rumble shares for each share they tender. The company owns five data center sites with potential energized capacity of nearly 850 MW, including a 180 MW facility under development in Georgia. Northern Data has also agreed to sell its Peak Mining unit to U.S.-based Bitcoin miner Elektron Energy. Rumble has reportedly informed Northern Data of its interest in pursuing the acquisition, according to an Aug. 10 press release from the company.  Under…

An Ethereum developer known as “Fede’s Intern” has been detained in Izmir, Turkey, after authorities accused him of helping individuals “misuse” the Ethereum network. Summary Turkish authorities have detained Ethereum developer “Fede’s Intern” in Izmir. Fede denies wrongdoing, says he builds blockchain infrastructure, and is seeking to leave Turkey to contest the charge from abroad. The detention comes as Turkey tightens crypto oversight with new licensing rules, transaction limits. On Aug. 11, the Argentine crypto researcher shared on X that Turkish authorities informed his lawyer of the allegation, which he described as “obviously wrong.” He has maintained that his work…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Institutional investors have taken center stage in crypto discussions in recent weeks, with emerging treasury companies being the talk of the town. Ethereum—behind only Bitcoin— is one of the cryptocurrencies being accumulated by the new market entrants (mostly institutional players). Interestingly, the latest on-chain data shows that this relevant class of investors has stepped up their purchases in recent weeks, purchasing billions of Ethereum tokens in the past 30 days. Are Institutions Behind Ethereum’s Recent Price Surge? In a recent post on the X platform, EmberCN revealed…