Author: Yeek.io

WCT jumped 11% following news that Jupiter stakers will be eligible for a token claim tied to WalletConnect’s Solana expansion. WalletConnect Token (WCT) jumped on Thursday as buzz spread about an upcoming airdrop tied to Solana (SOL), and some Jupiter stakers are now on the list. Following the news, the price of WCT rose 11.6% and is trading at $1.06, according to data from CoinGecko. The token has gained 276.8% over the past month, rising from $0.2814 on April 15. The price rally followed growing anticipation around WCT’s expansion to Solana. At the Solana Accelerate event, WalletConnect Foundation founder Pedro…

Ethereum has crossed $2,700 for the first time since February, rising nearly 5% over the past 24 hours to trade at $2,736 at press time.  The move extends its impressive recovery, with Ethereum (ETH) now up 53% over the past month after a rough Q1 that saw prices drop more than 45%. A major driver behind the rally appears to be growing institutional interest.  U.S. spot Ethereum exchange-traded funds have attracted $402 million in inflows over the past month, according to SoSoValue data. BlackRock’s iShares Ethereum Trust alone brought in $53 million in the past 24 hours, pushing its cumulative inflows…

Shiba Inu flashed a sign of bullish intent in the speculative markets, but the sentiment quickly turned neutral. The triangle pattern development threatened a bearish trend reversal. Shiba Inu [SHIB] broke out of a lower timeframe channel last week. This move sparked bullish hopes, but turned out to be a false alarm. The memecoin saw increased speculative activity less than 24 hours ago, but technical indicators showed that demand had slowed down. The descending triangle pattern and liquidation data showed that a price drop was imminent. The question was, how deep would the drop be? Shiba Inu bears threaten a…

Nearly $58 million in USDC has been frozen in connection with the LIBRA memecoin scandal, deepening the legal and political fallout from one of this year’s biggest crypto scandals. On May 29, blockchain analytics firm Arkham reported that Circle, the issuer of USD Coin (USDC), froze two Solana (SOL) wallets tied to the LIBRA deployer and project team. The wallets held a combined $57.65 million in USDC, which is now immobile. The action was carried out by Circle’s multisig freeze authority. ALERT: $57M OF USDC ASSOCIATED WITH LIBRA FROZEN BY CIRCLETwo Libra accounts have just been frozen by Circle, including…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum founder Vitalik Buterin has made a case for ETH to be used as a cash substitute amid growing concerns of cash extinction in some Nordic nations. However, Buterin noted what needs to happen before the altcoin can achieve such a level of adoption.  Ethereum Founder Proposes ETH To Replace Cash In an X post, the Ethereum founder put forward the idea of ETH replacing cash in nations that are adopting a cashless system. This came while he was commenting on how the Nordics are reversing their…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum has gained bullish traction with the crypto asset reclaiming and surging past the $2,600 price level as Tuesday drew to a close. ETH’s recent upward performance has been attributed to several key factors in ETH’s market dynamics, including the Open Interest (OI). A Sharp Uptick In Ethereum Open Interest As Ethereum’s price shows signs of upside strength, a crucial shift has occurred in its market dynamics. During this recent upside performance, ETH’s derivatives market is heating up as evidenced by a sharp rise in its open…

BIMA, a decentralized finance protocol focused on Bitcoin-backed stablecoins and yield strategies, has partnered with exSat, a Bitcoin banking provider and layer-2 network, to help accelerate the adoption of Bitcoin-based DeFi. The two platforms announced their strategic partnership on May 28, 2025 amid the high-profile Bitcoin (BTC) conference in Las Vegas, BIMA and exSat’s quest to bolster Bitcoin’s decentralized finance ecosystem begins with an initial deployment of $100 million in BTC. Growth will see the platforms scale this deployment from 1,000 BTC to over 5,000 BTC worth $500 million. The partnership follows BIMA’s recent mainnet launch, during which it introduced…

May 28, 2025The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week.👉 TLDRSIP-415 Withdrawn: Proposal to Acquire DeriveProposal aimed to integrate Derive’s off-chain matching engine to accelerate Synthetix’s Mainnet derivatives offering.Valued Derive at ~$27M with a proposed 27 DRV <> 1 SNX exchange ratio, funded by minting 29.3M SNX.Withdrawn after feedback from stakeholders and the community.Why It Was WithdrawnCommunity consensus did not materialize.Stakeholders raised questions around valuation and deal structure.Governance alignment is core to Synthetix’s process — without it, the proposal could not move forward.SNX Staking Relaunched via 420 Pool…

RedStone, the oracle provider behind several real-world asset initiatives, has expanded to Solana, unlocking institutional-grade asset data for DeFi builders.  The integration brings tokenized funds like Apollo’s ACRED and BlackRock’s BUIDL onto Solana’s (SOL) high-speed network through a partnership with Securitize and Wormhole Queries. This move marks a shift from simple asset tokenization to full composability, enabling these RWAs to be used in lending protocols, vaults, and other DeFi applications.  The first application, Drift Institutional, is expected to integrate RedStone’s (RED) feeds, setting the stage for broader institutional access to Solana-native DeFi. “This is a foundational step in making RWAs…

Floki continues to trade in a bullish structure while holding firm against broader market weakness. With key confluences at support, the stage is set for a potential surge toward the channel high. Despite current market-wide corrections, Floki (Floki) has shown notable resilience. Price action remains bullish, as it continues to move within a rising trading channel that has held since March. This structure has consistently produced higher highs and higher lows, with price respecting the lower boundary of the channel on multiple occasions. Each retest has resulted in a bounce, reinforcing this zone as a critical support level. Currently, Floki…