Author: Yeek.io

Key Takeaways PENGU recorded spot inflows of $1.08M as the altcoin’s price held above a bullish triangle breakout on the charts. Additionally, despite negative funding, its volume surged and social metrics rebounded – A sign of renewed market conviction. Pudgy Penguins [PENGU] is in the news today after it continued to maintain its position above the ascending triangle breakout zone – A sign of sustained strength in its market structure.  In fact, it’s worth noting that a sustained breakout here followed multiple retests of the trendline support, alluding to a growing willingness among bulls to defend higher lows.  If this…

Aevo, a decentralized derivatives exchange built on a custom Ethereum layer 2, has introduced “Aevo Degen,” a new product offering up to 1000x leverage on tokenized stocks. The product, which went live on July 8, currently supports Coinbase (COIN), Robinhood (HOOD), MicroStrategy (MSTR), and Circle (CRCL), with more stocks expected to be added. Trades are only available during U.S. stock market hours, and all positions are automatically closed at the end of each trading day.  https://twitter.com/aevoxyz/status/1942581727425356290?s=46&t=nznXkss3debX8JIhNzHmzw With a small amount of capital, users can place large directional bets thanks to the product’s design for short-term, high-risk trading. The 1000x leverage…

OpenSea has acquired Rally Wallet, a mobile-native crypto wallet startup, in a move aimed at expanding its reach into mobile and token-based trading. The acquisition was announced on July 8 by Rally co-founder and chief executive officer Chris Maddern, who will now serve as OpenSea’s chief technology officer. Rally co-founder Christine Hall also joins OpenSea’s leadership team. The Rally team will help develop a reimagined OpenSea Mobile experience, which the company says will become the central hub for onchain activity, spanning non-fungible tokens, memecoins, decentralized finance, and digital assets. While details are still limited, the Rally app will eventually be…

A $600 million PUMP token sale page briefly appeared on Gate.io before being quietly deleted without explanation. Some traders warned that the Pump.fun token launch could trigger a liquidity drain across memecoin markets. Solana’s [SOL] viral memecoin launchpad pioneer, Pump.fun, became the center of speculation over the weekend after its alleged token sale page briefly appeared on Gate.io—only to be deleted hours later. The deleted page showed 150 billion PUMP tokens (15% of the supply) set for sale at $0.004 each, implying a $600 million raise and a $4 billion valuation. The sale was scheduled to start on the 12th…

Quick take: The Ego Death Capital Fund II will look to lead investments in Series A rounds with $3 million to $8 million per project, building on Bitcoin. The firm has already invested in Bitcoin-based self-custody service provider Relai and the exchange platform Roxom. The fund will focus on businesses earnings between $1 million to $3 million, whose growth has been stunted by a lack of capital rather than demand. Bitcoin-only venture capital firm, Ego Death Capital has closed its second fund with $100 million in funding, backed by mainly family offices that are already invested in Bitcoin. The fund…

Uniswap’s token price has rebounded over the past three months, but technical indicators suggest a potential pullback. Uniswap (UNI) rose to $7.5485 on July 8, up 67% from its lowest level in April, valuing it at $4.7 billion.  On-chain data shows UNI supply on exchanges climbed to 85.6 million, the highest level since June 5. This is up from 82.1 million last month and a year-to-date low of 69.27 million. Rising exchange balances typically signal that holders are preparing to sell, increasing downside risk. UNI exchange holdings | Source: Santiment On the positive side, Unichain, the layer-2 network launched in…

Linqto, a once-prominent private investment platform promising everyday investors access to pre-IPO tech giants, has filed for Chapter 11 bankruptcy, and with it, a disturbing revelation: customers may never have truly owned the shares they believed they were buying.Source: EpiqThe San Jose-based fintech firm submitted its bankruptcy filing in the Southern District of Texas on Monday, listing both assets and liabilities estimated between $500 million and $1 billion. The company also disclosed that more than 10,000 creditors could be affected.At the heart of the fallout is Linqto’s widely marketed access to private shares in high-profile firms like Ripple and CoreWeave.…

In just three weeks, SharpLink’s ETH-per-share exposure jumped from 2.00 to 2.37. Once known for sports betting tech, the company is now setting institutional benchmarks in crypto treasury management, staking every coin, tracking exposure, and raising the bar. In a press release dated July 8, Minneapolis-based iGaming giant SharpLink Gaming said it now holds 205,634 Ethereum (ETH) tokens on its balance sheet, after purchasing another 7,689 ETH in the first week of July at an average price of $2,501 per token. SharpLink’s aggressive crypto pivot earlier this year saw it acquire 176,270.69 ETH, worth approximately $463 million at the time,…

Amp crypto price has plunged and entered a bear market this year, mirroring the performance of most altcoins.  Amp (AMP) dropped to $0.0033 on Tuesday, down by over 77% from its highest level in November last year. Its market cap has slipped from over $965 million to $283 million today.  A potential reason why Amp has plunged is that the total value locked on Flexa has been in a free fall this year. It has dropped to $20.8 million, down from the year-to-date high of $295 million.  Activity on the Flexa Network is critical for Amp, as the token provides…

Morpho traded near $1.39 and was 2.4% in the green on the day, as bulls look to hold a key price level, with resilience at this crucial zone showing as Morpho’s total value locked on Base nears $2 billion. The Morpho (MORPHO) crypto platform is increasingly a major player in the decentralized finance ecosystem. It’s native token reached highs of $4.17 in January, but fell sharply as cryptocurrencies mirrored broader risk assets, MORPHO hit lows of $0.85 in April.  Although bulls have seen MORPHO bounce 93% since its all-time low of $0.71 in November 2024, they failed to rally higher…