Author: Yeek.io

The DeFi Education Fund (DEF), a crypto advocacy group that is backed by major players like a16z Crypto, Uniswap Labs, and Paradigm, has urged the U.S. Senate Banking Committee to revise its approach to regulating the $141 billion decentralized finance (DeFi) industry.In a letter sent Friday to Senators Tim Scott, Cynthia Lummis, Bill Hagerty, and Katie Britt, the DEF highlighted that the Responsible Financial Innovation Act of 2025 (RFA) should adopt a technology-neutral stance. They have stated that it is to protect crypto developers from inappropriate regulations designed for intermediaries and ensure Americans’ rights to the self-custody of digital assets. DEF…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows the Ethereum Daily Active Addresses metric has shot up recently. Here’s what this could mean for the cryptocurrency. Ethereum Daily Active Addresses Near Highest Level In 2 Years According to data from institutional DeFi solutions provider Sentora, the Ethereum blockchain has seen activity light up recently. The “Daily Active Addresses” is an on-chain indicator that keeps track of the total number of ETH addresses that are taking part in some kind of transfer activity every day. When the value of this metric rises, it…

Key Takeaways Dogecoin technical indicators outlined bearishness in the short term after the meme coin raced lower from the $0.25 level, but the liquidation heatmap showed there was a chance of a price bounce in the coming days.  Dogecoin [DOGE] faced rejection at the $0.285 resistance level. Previously, this level had been tested as resistance back in February. The bearish pressure on Bitcoin [BTC] has not been high in recent days. Bitcoin has ranged between $116.7K and $122K, but the selling pressure over the past 24 hours saw it drop below the range low. Even when BTC had been ranging,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum is attempting to hold the crucial $3,600 support level after a modest pullback from recent highs. Despite the short-term correction, ETH remains one of the strongest performers in the crypto market, having surged over 85% since late June. Bulls continue to show strength, supported by weeks of sustained buying pressure and growing investor confidence. Amid the current market uncertainty, Ethereum’s fundamentals remain solid. The network has gained a major boost from legal clarity in the United States, giving institutional players more confidence to engage with ETH.…

Quick take:  The company plans to use the capital to advance the development of a new blockchain designed for “internet-scale dApps”. The company wants to make developing decentralised applications as easy as building web2 apps. Dubbed Rialo, the layer-1 blockchain will leverage RISC-V and the Solana virtual machine compatibility. Subzero Labs, the Web3 startup building a “friendly blockchain,” has emerged from stealth with $20 million in funding led by Pantera Capital, the Block reported. The fundraising also attracted participation from popular Web3 venture firms, including Coinbase Ventures, Fabric Ventures, Mysten Labs, Susquehanna Crypto, and Variant. Subzero Labs plans to use…

AAVE crypto price continued its freefall this week, hitting its lowest level since June 28. The token has entered a local bear market after falling 23% from its July high of $337. Summary Aave crypto has moved into a local bear market after falling by 23% from the July high. The total value locked in the ecosystem surged to a record high this week. Data shows that the fees and revenue in the network is soaring. AAVE crypto price crashed despite booming ecosystem Aave (AAVE), the biggest player in the decentralized finance industry, is firing on all cylinders as its…

PENGU’s price is showing signs of topping off, despite Animoca’s long-term bet on its IP-driven future. Summary Pudgy Penguins rally is showing signs of topping off. PENGU saw almost a 500% rise since late July. Animoca Brands argues for a bullish case for PENGU, beyond crypto. Pudgy Penguins (PENGU) rally is showing signs of a slowdown, despite several long-term bullish developments. On Friday, August 1, the PENGU price was down 7%, amid a broader market downturn. Still, this comes after a major rally, as since late July, the PENGU price has risen by almost 500%, overtaking BONK (BONK) as the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The race for an Ethereum treasury reserve is heating up, as multiple big companies continue to accumulate the second-largest crypto asset at a rapid rate and scale. While accumulation at the institutional level has spiked, the Ethereum Foundation has lost its position as the leader in ETH holding rankings. New Institutions Overtake Ethereum Foundation In ETH Holdings In a notable shift within the Ethereum ecosystem, the Ethereum Foundation has lost its supremacy as the number 1 holder of ETH. Crypto News Hunters’ report shows that the foundation…

Cross-chain bridges have overtaken traditional mixers as the primary tool for laundering stolen crypto in early 2025, moving over $1.5 billion in hacked funds. Their speed, liquidity, and lighter regulatory scrutiny have made them far more attractive than mixers like Tornado Cash for obscuring asset origins. Summary Crypto hacks in the first half of 2025 hit unprecedented levels, with over $3 billion stolen across 119 incidents, already 50% higher than all of 2024. Hackers are moving funds faster than ever, often laundering assets through cross-chain bridges rather than mixers, with some thefts fully obscured in minutes before any public disclosure.…

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 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 Q3, and we want to give everyone plenty of notice about what’s coming next.Read more about it here.DeFiChain Labs is Seeking New Owners For SocialsFollowing up on our recent announcement about the infrastructure transition, we need to address…