Author: Yeek.io

Ethereum has rallied into a major confluence zone near $2,550, where multiple high time frame indicators and technical resistances converge. With declining volume and previous range behavior suggesting exhaustion, this zone is critical for the next directional move. After bouncing from an oversold condition, Ethereum (ETH) has retraced into a region packed with resistance, the same zone that previously capped price action for over 40 days. This region includes the point of control from the prior range, high time frame resistance, VWAP resistance, and a golden Fibonacci retracement, all pointing to a likely rejection unless volume surges. Key technical points…

Kadena has launched Chainweb EVM, a new execution layer aimed at easing long-standing constraints in blockchain development. With dozens of projects already live on testnet, the rollout signals a broader shift in how Kadena is approaching infrastructure and the protocol’s CEO has shared what the launch means for builders. In an exclusive interview with crypto.news, Kadena CEO and co-founder Stuart Popejoy explained that the new EVM-compatible environment is designed to remove long-standing trade-offs developers face when building complex applications. Built on Kadena’s braided proof-of-work architecture, Chainweb EVM executes transactions in parallel across multiple chains, boosting throughput while preserving the security…

Cardano is aiming to position itself as the go-to smart contract layer for Bitcoin-based DeFi, but founder Charles Hoskinson says the lack of a strong executive voice is hurting its growth.In a recent post on X, Hoskinson emphasized the importance of a strong narrative to guide the market sentiment. He believes Bitcoin DeFi is Cardano’s biggest opportunity, especially with recent advances like Leios, Hydra, and the Midnight Glacier Drop. We got Leios, Hydra, Midnight, and Bitcoin DeFi alongside governance, security and decentralization. Bitcoin DeFi is indeed the largest opportunity, but the single biggest issue is that we are missing a competent…

PENGU rallied for the fourth consecutive day, driven by bullish technical indicators and rising adoption trends. According to data from crypto.news, Pudgy Penguins (PENGU) surged to a high of $0.0154 on June 30 during afternoon trading in Asia, its highest level since May 15. The token has now climbed nearly 80% from its seven-day low and is up over 300% from its year-to-date bottom. The latest leg of PENGU’s rally began after the Chicago Board Options Exchange (CBOE) filed a Form 19b-4 with the U.S. Securities and Exchange Commission on June 26, seeking approval to list and trade the Canary…

For years, the crypto market was a no-go zone for institutions—too wild, too risky, and too unpredictable. High-profile collapses and regulatory uncertainty kept Wall Street’s biggest players on the sidelines. Fast forward to today, and the big suits are moving in. Hedge funds, pension funds, and even governments are sliding their chairs up to the table.  With a new U.S. administration setting the stage for clearer regulations and financial giants like BlackRock and Fidelity doubling down on crypto, institutional investors aren’t just testing the waters—they’re getting ready to take the plunge bringing deep pockets, strict regulations, and long-term strategies. For…

Despite strong institutional demand and steady inflows, Bitcoin has failed to break past the $100,000 mark in recent weeks, raising questions about what’s driving the stall. Weighing in on BTC’s (BTC) performance, Capriole Investments founder Charles Edwards said the sideways action reflects a major rotation between long-term holders and new institutional buyers. According to Edwards, many long-term Bitcoin holders, the “OGs,” have been offloading their positions since the launch of spot exchange-traded funds (ETFs) in January, dumping large portions of their holdings on Wall Street buyers. “People are wondering why Bitcoin has been stuck at $100K for so long,” Edwards…

Authorities in the United States have sentenced a man to 97 months in prison for his role in defrauding investors out of more than $40 million via a crypto Ponzi scheme. According to the U.S. Department of Justice, 57-year-old Dwayne Golden was sentenced on June 27 by U.S. District Judge William F. Kuntz II in Brooklyn federal court. Golden had pleaded guilty in September 2024 to conspiracy to commit wire fraud and money laundering. Golden, alongside co-defendants Gregory Aggesen, Marquis Egerton (also known as “Mardy Eger”), and William White, operated three fraudulent digital asset firms—EmpowerCoin, ECoinPlus, and Jet-Coin. Prosecutors said…

Arbitrum could be positioned for a major rally if it confirms a breakout from a long-forming bullish reversal pattern. According to data from crypto.news, Arbitrum (ARB) surged nearly 46% to an intraday high of $0.38 before retracing slightly to $0.35 at press time. Its market capitalization climbed above $1.7 billion, overtaking tokens like Sky (SKY), Render (RENDER), and Sei (SEI) in the rankings. The rally occurred in a high-volume trading environment. CoinGecko data shows that ARB’s daily spot trading volume jumped over 450% in the past 24 hours, with $658 million worth of tokens changing hands. Derivatives activity also surged,…

South Korea’s central bank digital currency project has been put on hold as the regulators turn their attention to fast-tracking the issuance of won-backed stablecoins. According to a Bloomberg report citing an unnamed Bank of Korea official, the central bank has suspended plans for the second phase of its CBDC pilot, which had been scheduled for the fourth quarter of 2025. Participating banks have reportedly been informed that discussions would be temporarily paused. Authorities are reevaluating the role of a CBDC as they are pivoting toward regulating private stablecoin issuers, the official noted. The Bank of Korea had been preparing…

The latest weekly recap includes a flurry of major developments, from Vitalik Buterin’s critique of Worldcoin’s digital identity ambitions to the final curtain in the Ripple-SEC legal drama. Robinhood made waves by introducing micro crypto futures, while state governments and treasury firms continued doubling down on Bitcoin. With regulatory shifts, tech upgrades, and institutional plays unfolding simultaneously, the crypto landscape is evolving faster than ever. Here’s your roundup of the biggest stories you need to know. Buterin raises concerns about World’s digital identity approach Ethereum (ETH) co-founder Vitalik Buterin published a Saturday post expressing reservations about digital identity projects like…