Author: Yeek.io

ETH Strategy completes a pre-launch raise as it gears up to debut its on-chain protocol. So far, the project has raised a total of 12,342 Ethereum to date. How will it affect ETH in the long-run? Summary ETH Strategy is set to debut on-chain after raising $46.5 million in ETH. Institutional demand for ETH could lead to increased stockpiling action that drives the price up. However, ETH Strategy’s unlocking period could lead to slight corrections. The treasury protocol ETH Strategy recently completed a raise that has amounted to around $46.5 million in ETH (ETH), according to its report summary. The…

In another bullish development for the crypto industry, the U.S. Securities and Exchange Commission has approved in-kind creation and redemption for all spot Bitcoin and Ethereum ETFs. But what does it mean? Summary SEC approves in-kind creation and redemption for all spot Bitcoin and Ethereum ETFs. Major exchanges, including Nasdaq, NYSE Arca, and Cboe BZX, have received accelerated approvals. Analysts expect pending altcoin ETF filings to include in-kind models from the outset. On Tuesday, July 28, the SEC announced it had finalized orders allowing authorized participants to create and redeem shares of crypto exchange-traded products (ETPs) using the underlying digital…

Tom Lee’s Ethereum-centered treasury firm, Bitmine Immersion, has announced its stock repurchase program to buyback up to $1 billion of the company’s common stock. Summary The Ethereum-focused treasury and mining company, Bitmine Immersion, is buying back $1 billion worth of its common shares. A day after the buyback plan was announced, the stocks dipped by 8.86%. According to the official press release, the new stock buyback plan would allow Bitmine Immersion to repurchase its shares in the open market and negotiate transactions based on current conditions. On July 29, the company’s board of shareholders approved the plan to repurchase $1…

OMNI price went parabolic on July 29 after it secured a listing on Upbit. A breakout from a falling wedge now points to massive potential gains in the coming weeks. Summary OMNI surged 170% on July 29 following its KRW trading pair listing on South Korea’s Upbit exchange. Daily trading volume spiked over 2,100% to $904 million, with Upbit accounting for the largest share at $290 million. A breakout from a falling wedge pattern now targets a 120% upside, though RSI readings above 70 suggest a short-term cooldown may follow. According to data from crypto.news, Omni Network (OMNI) skyrocketed 170%…

As Bitcoin’s largest holders reduce their positions, the number of Ethereum whale wallets is increasing, fuelling speculation about a possible altcoin rotation led by Ethereum. Summary ETH whale wallets jumped 8% while BTC whales fell 1.61% in two weeks. $840M in ETH was bought by top holders in 48 hours. CryptoQuant data suggests ETH gains stem from new inflows, not BTC selling and rotation. According to blockchain data shared by Santiment on July 29, the number of wallets holding at least 1,000 Bitcoin (BTC) has fallen by 1.61% in the past two weeks. In contrast, Ethereum (ETH) wallets with at…

After initially contesting the charges, an Arizona man has now pleaded guilty to defrauding victims out of $13 million through a crypto scheme involving fake AI trading bots and a fictitious government agency. Summary Vincent Mazzotta has pleaded guilty nearly two years after being indicted in a $13M crypto Ponzi scheme. The scheme used fake AI trading bots and a fictitious agency called the “Federal Crypto Reserve” to defraud victims. He faces up to 15 years in prison for money laundering and conspiracy to obstruct justice. Vincent Anthony Mazzotta Jr., who has been accused of running multiple fraudulent investment platforms…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The combined Open Interest of the top altcoins has seen recovery recently, with Ethereum contributing to the largest part of the swing. Ethereum, XRP, Solana, And Dogecoin Have Seen A Rise In Open Interest In a new post on X, the on-chain analytics firm Glassnode has talked about the trend in the Futures Open Interest of four top altcoins: Ethereum (ETH), Dogecoin (DOGE), XRP (XRP), and Solana (SOL). The Futures Open Interest here refers to a metric that keeps track of the total amount of futures market…

Key Takeaways BONK owns 82% of all launchpad volume and is closing in on 1 million holders. Could that kind of traction be the spark it needs to bounce back from its 50% dip and take a real shot at a new ATH? Bonk’s [BONK] July breakout had a familiar feel. Just like its post-election move, it popped over 100% and snapped out of a long consolidation, sliding right back into the spotlight. That said, it still hasn’t tagged its Q4 high near $0.00006, so a chunk of holders are still sitting in the red. On-chain, realized profits haven’t blown…

Quick take: The fundraising was in the form of ETH, with 6,900 raised via private sale and 1,242 ETH secured via a public sale. An additional 4,200 ETH was raised via Puttable warrants, according to the company’s post on X. ETH Strategy is a treasury accumulation protocol providing leveraged exposure to Ethereum. ETH Strategy, the treasury accumulation protocol that provides leveraged exposure to Ethereum, has raised $46.5 million in pre-launch funding, according to an X platform post seen by NFTgators.  According to the announcement, the capital was raised across three distinct formations, all in ETH. The company secured 6,900 ETH…

Hyperliquid’s frontend crashed for half an hour, pausing all trading on the platform and shaking confidence in its token. Summary Hyperliquid DeFi exchange suffered downtime. The issue was related to its front-end connection. HYPE token was down 5% post-crash. In DeFi, decentralization only goes so far, especially when it comes to user-facing components. On Tuesday, July 29, between 14:20 and 14:47 UTC, Hyperliquid’s (HYPE) API crashed, disabling front ends and pausing trading. During that period, users could not open or close trades, enter or exit short positions, or withdraw their funds. Bad news: the Hyperliquid API is downGood news: Hyperliquid appears…