Author: Yeek.io

SPX fell sharply as derivatives traders ramped up short bets, fueling downside pressure across the market. Spot accumulation persisted, but the current chart structure signals buyers could still face deeper losses ahead. On the 1st of July, SPX6900 [SPX] dropped over 10%, extending its weekly loss to 7.25%. The crash came alongside a sharp spike in short positions, once again pointing fingers at the derivatives market. Although accumulation and support levels are in place, a rebound may depend on whether retail spot investors can generate enough demand. AMBCrypto’s analysis revealed that further price declines could still benefit the memecoin. Derivatives…

Ethereum’s recent rally may be losing momentum as exchange inflows rise and derivatives data point to softening market support. Nearly 100,000 ETH, or about $250 million, were deposited into Binance in two sizable waves, as per a July 1 analysis by CryptoQuant contributor Amr Taha. These deposits, which usually indicate larger exchange reserves, may result in selling pressure if market sentiment shifts.  Taha also observed that the gap between Ethereum spot price and the open interest on Binance was growing. Since June 26, ETH has shown steady buying in the spot market, reaching three consecutive local highs above $2,500. However,…

United States authorities have sanctioned a crypto wallet linked to Russia-based Aeza Group, accused of enabling ransomware operations and darknet markets. According to the Treasury’s Office of Foreign Assets Control (OFAC), the designation targets Aeza Group’s entire cyber infrastructure, including affiliated entities and four individuals in leadership roles. The group allegedly offered bulletproof hosting services that allowed ransomware operators, malware distributors, and darknet vendors to operate with impunity by evading detection and law enforcement. The sanctions extend to Aeza International Ltd., a UK-based front company used to lease IP addresses to cybercriminals, as well as two Russia-based subsidiaries, Aeza Logistic…

Bit Digital has announced a $162.9 million raise to purchase ETH for its corporate treasury, adding to Ethereum’s rising demand from institutions. The announcement was made on July 1, after underwriters in Bit Digital’s recent public offering fully exercised their option to buy an additional 11.25 million shares. In total, the company issued 86.25 million shares, with net proceeds amounting to $162.9 million after deducting fees and estimated offering expenses. Bit Digital confirmed it will use the funds to acquire Ethereum (ETH). Bit Digital, which trades on Nasdaq under the ticker BTBT, has been building its Ethereum strategy since 2022.…

DOGE leads realized losses across majors amid sticky conviction in BTC and ETH. Is the meme-king losing its edge as the reflexive trade during volatility spikes? The market’s flashing a clear structural divergence. Dogecoin [DOGE] has long been a high-beta favorite during risk-on phases, attracting flows from traders seeking short-term upside during volatility spikes. In the current macro context, that rotation into DOGE would be the expected play.  And yet, despite macro conditions favoring risk, DOGE has been sidelined—while Bitcoin [BTC] and Ethereum [ETH] have held strong. In fact, capital has remained sticky in majors, signaling conviction rather than froth.…

Nearly 200 companies now hold billions in Bitcoin, but a new report cautions that only a few can avoid the dangers of a potential death spiral. Bitcoin’s (BTC) corporate adoption is accelerating fast, with nearly 200 entities now holding over 3 million BTC on their balance sheets. But as new players seem to rush in, only those who can skillfully grow their Bitcoin holdings per share are more likely to survive the risks ahead. As of May 2025, about 199 entities reportedly hold 3.01 million BTC, roughly $315 billion at current prices. Among these, 147 companies — both private and…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Hope is alive once again for Ethereum, the second-largest crypto asset, following a sudden bounce above the $2,500 level as the new week kicks off. ETH’s recent notable bounce has influenced its market dynamics and sentiment, with on-chain metrics turning positive and many investors displaying signs of accumulation. Institutional Demand Toward Ethereum Rises In an incredible move, Ethereum made a dramatic recovery on Monday, regaining the key $2,500 level. On-chain data shows that ETH’s recent upward move is catching the attention of major investors, especially on the…

Crypto billionaires are using their resources to fund a new type of paradigm in science, specifically focusing on biotech. Major players in the crypto industry are working on a new way to fund biotech and science. On Tuesday, June 1, Binance founder Changpeng Zhao revealed he personally donated $10 million in BNB (BNB) to Ethereum (ETH) founder Vitalik Buterin’s open-source biotech initiatives. Their goal, according to Buterin, is to apply blockchain’s principles to the most impactful fields in science. 🙏 Moved by this post👇. Just doing my little part.The best way to attract mission-driven talent is having conviction yourself. Likeminded…

Flare Network has officially launched its FAssets Incentive Program to accelerate institutional-grade decentralized finance (DeFi) activity on XRP. Building on the model of its earlier rFLR incentives, the program aims to reward participation while scaling the broader Flare ecosystem. The program allocates 2,200,661,869 FLR to participants actively contributing to this vision, from July 2025 through July 2026.Get ready ☀️The FAssets Incentive Program launches with 2.2B FLR to fuel FAssets adoption & bring institutional-grade DeFi to Flare.Validation is clear: Uphold’s & ViVoPower’s $100M commitments signal prime time for @FlareNetworks, and we’re ready to set the stage for XRPFi. pic.twitter.com/ggYwKSXOfX— Flare ☀️…

Katana, a graduate project from Polygon’s Agglayer Breakout Program, has launched its public mainnet, unlocking unified, deep liquidity and sustainable yield generation. Katana, a Layer 2 chain with over $200 million in productive TVL, has officially launched its mainnet. The platform lets users bridge assets, earn yield, borrow, trade, and track rewards — all in one streamlined interface. At launch, supported assets include USD Coin (USDC), Tether (USDT), AUSD, and Ethereum (ETH), with Bitcoin (BTC) and other tokens rolling out shortly. Katana integrates with leading DeFi protocols like Yearn, Sushi, and Morpho, offering boosted yields via its innovative “VaultBridge” and…