Author: Yeek.io

Key Takeaways Korean wallets accumulated $32M in PENGU, but netflows remained negative. Strong ADX and DMI supported the bullish trend, yet taker sell pressure persisted. Over the past week, three wallets linked to Korean exchanges Bithumb and Upbit have collectively accumulated 945 million Pudgy Penguins [PENGU], worth approximately $32 million.  These wallets now hold 2.92 billion tokens—about 3.8% of PENGU’s total supply. The aggressive accumulation reflects growing interest from Korean market participants, possibly pointing to institutional or coordinated whale behavior.  At the same time, PENGU has dropped 5.88% in the last 24 hours to trade at $0.03015, indicating short-term selling…

Quick take: The fundraising values the crypto messaging startup at $300 million, according to the announcement on Thursday. As part of Union Square Ventures’ co-leading role in the funding, its CEO, Fred Wilson, joined Ephemera’s board. The fundraising was structured as equity with token warrants, Ephemera cofounder and CEO Shane Mac told Fortune. Ephemera, a blockchain-based messaging platform, has raised $20 million in a Series B funding round co-led by Union Square Ventures, A16z Crypto and Lightspeed Faction. The fundraising also attracted participation from Coinbase, Sound Ventures, and the actor Ashton Kutcher. The fundraising was structured as equity with token…

Public companies are rushing into Ethereum, and GameSquare just made its move. Backed by Dialectic’s yield expertise, the $90 million capital could make it one of the biggest corporate ETH holders, and a case study in crypto treasury strategy. On July 17, Nasdaq-listed company GameSquare Holdings, Inc. announced the closing of a $70 million public equity offering, the bulk of which will be used to expand its Ethereum (ETH) treasury. The gaming media conglomerate, known for owning FaZe Clan and operating one of North America’s largest gaming networks, is tying its future balance sheet to crypto rails. The deal includes…

Bonk, the biggest Solana meme coin, continued its strong surge this week, reaching its highest level since December last year. Bonk (BONK) token jumped to a high of $0.000040, up by over 343% from its lowest level this year. This surge occurred in a high-volume environment, with the 24-hour figure jumping to over $3.4 billion. Bonk token’s rally coincided with that of other Solana meme coins. Fartcoin surged by over 23% in the last 24 hours, while Popcat, Cat in a Dog’s World, and Baby Doge Coin jumped by over 10%. Most of these meme coins jumped enough that their…

SharpLink Gaming, a Nasdaq-listed sports betting marketing company, has significantly increased its Ethereum (ETH) holdings by acquiring an additional 10,614 ETH, worth about $35.6 million as of July 16, 2025. This latest purchase raises SharpLink’s total Ethereum portfolio to 296,508 ETH, with a current value close to $1 billion, according to blockchain data analysis from Onchain Lens.SharpLink Gaming (@SharpLinkGaming) has added 10,614 $ETH, worth $35.62M, to its $ETH strategy reserve.They now hold a total of 296,508 $ETH, worth $997.26M.Address: 0xd6bca7f5f7f1be0494dcd2da16381176da425131Data @nansen_ai pic.twitter.com/sNtkPPjcgl— Onchain Lens (@OnchainLens) July 16, 2025Since launching its Ethereum treasury strategy on May 27, 2025, SharpLink has rapidly…

Key Takeaways DOGE’s breakout confirmed as Open Interest and Funding Rates surge alongside bullish positioning. Spot outflows and long dominance hint at accumulation but raise volatility risks. Dogecoin’s [DOGE] recent breakout above its multi-month descending trendline signals a possible long-term trend reversal. The breakout occurred after consistent lower highs and was confirmed by a weekly close above the resistance.  This level, which has acted as a ceiling since December 2023, now appears to be turning into support. However, for the breakout to gain credibility, DOGE must maintain its position above $0.19 and establish a new higher low.  A continuation above…

Sonic hopes that its AI tool will make Web3 development more accessible to ordinary users. Web3 development has long been accessible only to skilled developers, but many platforms are trying to change that. On Thursday, June 17, Layer 1 network Sonic (S) unveiled Spark, a new AI tool that enables users to build Web3 apps without advanced coding skills. Sonic claims that users will be able to build all types of DeFi protocols, non-fungible token marketplaces, and more. The project will feature a no-code builder that can work across the full stack in Web3 applications. According to Sonic, it will…

Trump crypto coin price underperformed other top Solana meme coins as traders braced for a big token unlock on Friday. Official Trump (TRUMP) was trading at $10.10 on Thursday, a few points above this month’s low of $8.55. It has risen by 9.8% in the last seven days, underperforming top Solana (SOL) tokens like Bonk, Pudgy Penguins, Fartcoin, and Popcat, which have surged by over 20%. A likely reason for this price action is the expected sharp increase in its circulating supply on Friday. DeFi Llama data shows that tokens worth over $2 billion, or 102% of the float, will be unlocked.…

BitMine now holds 300,657 ETH worth $1 billion, eclipsing the Ethereum Foundation’s $665 million holdings. This corporate accumulation raises new questions about influence over Ethereum’s future direction. On July 17, BitMine Immersion announced that its Ethereum (ETH) holdings had surpassed $1 billion, more than triple the $250 million it raised in a private placement just a week earlier. The Nevada-based company disclosed a total of 300,657 ETH on its books, overtaking the Ethereum Foundation’s treasury balance, which stood at approximately $665 million as of July 15, according to Arkham Intelligence. The milestone, which BitMine reached by leaning into its new…

The DeFi leading protocol Aave has experienced an unusual surge in annual percentage yield (APY) for USDT stablecoin, spiking to a record high of 14.86%—a significantly higher than its usual range of 4% to 6%.  This dramatic increase has gained notable attention from the crypto community while sparking discussions around this drastic shift.  The primary reason behind this significant surge in USDT interest rates is attributed to a lumpsum amount of USDT liquidity leaving the protocol. A detailed analysis reveals that the liquidity of USDT on Aave has sharply declined from approximately $5.7 billion to $4.63 billion in just 24…