Author: Yeek.io

PUMP, the native token of meme coin launchpad Pump.fun, fell sharply on Thursday, July 24 after its founder said an airdrop was not coming soon and legal challenges intensified. Summary PUMP has dropped 52% since its July 16 peak amid fading airdrop hype. Founder confirms the airdrop is still planned, but not happening soon. Legal complaints now target Solana and Jito leadership under U.S. RICO law. The token declined 17% from a local high of $0.00369 to a low of $0.00305 within 24 hours. As of press time, it had slightly recovered to $0.003243, still down 11% on the day…

In a sudden turn of events, non-fungible token giant Yuga Labs has lost a $9 million judgment after a U.S. appeals court ordered a trial in its lawsuit against the creators of a contested NFT collection accused of copying Bored Ape Yacht Club. Summary U.S. appeals court has overturned a $9 million judgment against the defendants. Court said jury must decide if rival NFT collection infringed on Bored Ape Yacht Club brand. A ruling affirmed that NFTs qualify as “goods” under U.S. trademark law, setting key legal precedent. Yuga Labs was yet to prove that the rival NFT project was…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to Andrew Keys, co‑founder and chairman of the Ether Machine, Bitcoin feels like yesterday’s tool. He told CNBC’s Squawk show on July 21 that he’d “rather have an iPhone than a landline.” Keys went on to say he owns zero Bitcoin, staking his entire belief on Ethereum. That move puts him in a small group of crypto backers who champion Ethereum without holding any Bitcoin. Ethereum Firm Backs GENIUS Act Based on reports, Keys says the GENIUS Act will be a game‑plan for growth. That law,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure An Ethereum maxi has likened Bitcoin (BTC), the largest cryptocurrency, to an outdated “landline,” claiming Ethereum (ETH) is the superior blockchain. Calling ETH the “iPhone” of crypto, the supporter argues that its smart contract capabilities and role as a leading tokenization platform give it a clear advantage over BTC.  Why Ethereum Trumps Bitcoin In a recent interview with CNBC’s Squawk Box, Andrew Keys, the Chief Executive Officer (CEO) of Ether Machine, a public Ethereum yield and infrastructure company, weighed in on the longstanding crypto debate, declaring Ethereum…

Solana blockchain-based decentralized exchanges (DEXs) experienced a high point in activity, boasting close to $6 billion of daily spot trading volume, which is the highest in two-months.The top category of most traded was SOL against stablecoins such as USDC and USDT, representing approximately $2.6 billion of total volume. It indicates that stablecoins are used by traders to sell or purchase SOL owing to decreased volatility and immediate settlement.Four Solana-backed DEXs dominated the latest trading frenzy. Raydium led with $1.9 billion, followed by Orca at $1.4 billion, SolFi at $750 million, and Meteora at $620 million. These exchanges were distinguished by…

July 23, 2025The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week.👉TLDRStaking:8.16M sUSD now staked in the 420 Pool earning 5.96%.Infinex staking is live for Patrons; rollout to all users coming soon.Infinex staking campaign ongoing: 1 raffle entry per $1,000 sUSD deposited.sUSD Peg:A large $4.5M unwind on OP disrupted the peg, but has since stabilized a bit.Synthetix acquired the remaining position; peg support remains a priority.sUSD liquidity incentives are now focused on Ethereum Mainnet.Bridging:sUSD holders on OP are encouraged to bridge to Mainnet.Reminder: OP bridge has a 7-day…

Carbon DeFi positions itself as the all-in-one DEX on TAC — one of the most anticipated blockchain ecosystems of the year.Zoom image will be displayedLiquidity mining rewards are now live on Carbon DeFi on TAC — a new EVM Layer 1 built to connect Ethereum-native dApps to the TON and Telegram ecosystems. As the fourth-largest messaging app in the world, Telegram reaches over 1 billion monthly active users, positioning TAC as one of the most anticipated blockchain launches of the year — and Carbon DeFi as its go-to all-in-one DEX.Rewards are active across 12 trading pairs and powered by Merkl,…

Aave has reserves of Ethereum, and they’re thinning fast. The culprit, according to Marc Zeller, a contributor on Aave, is Justin Sun. Why? Unpredictable outflows are straining the protocol’s stability with little regard for the broader impact—and there’s little anyone can do to stop it. Summary Aave saw over $1.7 billion in ETH withdrawals this week, largely tied to wallets linked to Justin Sun and HTX, triggering a liquidity crunch and interest rate spike. Marc Zeller, Aave contributor, compares Sun’s moves to “grocery shopping,” highlighting DeFi’s vulnerability to uncoordinated whale actions. Simultaneously, Ethereum’s validator exit queue surged past 625,000 ETH…

Shortly after approving the Bitwise 10 Crypto Index Fund conversion, the U.S. Securities and Exchange Commission paused the decision for a full Commission review. So, why is the SEC halting approvals? Summary Bitwise’s ETF approval was halted just hours after clearance, leaving its multi-asset crypto fund in regulatory limbo. Grayscale’s GDLC faced a similar stay earlier this month, prompting the firm to warn that the delay could harm investors. The BITW index fund holds a market-cap-weighted basket of ten leading crypto assets, led by Bitcoin and Ethereum. On July 22, the SEC’s Division of Trading and Markets granted accelerated approval…

Spark rallied for the second straight day, breaking out of a key resistance level as smart money and whale accumulation continue to build momentum. Summary Spark (SPK) surged to an all-time high of $0.1206, up 94% on the day and nearly 275% for the week, amid record trading volume exceeding $1.46 billion. Whale and smart money wallets increased SPK holdings significantly, while exchange balances fell 37% over the last month. SPK broke out of a descending triangle pattern and reclaimed its 20-day exponential moving average. Spark (SPK) surged to an all-time high of $0.1206 on July 23 afternoon Asian time…