Author: Yeek.io

The MULN stock received a slight pre-market boost after the company issued an announcements informing customers that it would be accepting Bitcoin, TRUMP and other cryptocurrencies for electronic vehicle purchases. According to an official press release, the Nasdaq-listed Mullen Automotive Inc. now accepts purchases made in cryptocurrency, specifically Bitcoin (BTC) and the official TRUMP (TRUMP) memecoin. This means that traders can purchase both Mullen and Bollinger commercial electric vehicles by paying in crypto. In addition to the two cryptocurrencies mentioned, the company also plans to accept other types of crypto as it continues to delve into crypto payment acceptance. Without…

Resolv Protocol has pushed back against speculation of internal token sales, revealing it repurchased 1.6 million RESOLV tokens amid heightened market volatility. In a June 27 statement on X, Tim Shekikhachev, customer success manager at Resolv (RESOLV), said the protocol’s foundation had not sold any RESOLV during the recent downturn. “In fact, at current levels, we are strong buyers,” he wrote, confirming a $240,000 buyback at around $0.15 per token over 24 hours. Seeing a lot of folks in the market look at price dynamics in $RESOLV, so it is the right moment to share facts and our team’s considerations.Market…

Wormhole’s token W is showing early signs of a bullish reversal as its ecosystem continues to gain popularity among major players. According to data from crypto.news, Wormhole (W) was exchanging hands at $0.0631, last check June 27, with a market cap of over $293 million. The token remains down more than 80% from its year-to-date high of $0.317. This dramatic drop has left nearly 96% of holders underwater, creating sustained selling pressure as investors try to reduce losses, data from IntoTheBlock shows. Wormhole’s losses also come as it faces heavy competition from other major players in the interoperability space, like…

Believe memecoin launchpad has unveiled $1million Believe Builders Fund to back builders and communities through various initiatives. On June 27, Believe, a Web3 SocialFi platform enabling token launches via social interactions on X, announced the launch of the Believe Builders Fund. The initiative commits $1,000,000 over the coming months to support high-potential builders and communities through fellowship grants, hackathons, and targeted incentives. This announcement comes amid a sharp decline in platform activity. According to Dune Analytics, token launches on Believe peaked in early May with over 4,000 tokens launched per day. However, activity steadily declined throughout the month and into…

The crypto mining firm Bit Digital officially marks its departure from Bitcoin mining and towards Ethereum staking by issuing $150m shares in a public offering to buy more ETH. In a recent press release, Bit Digital announced that it will be issuing 75 million shares at $2 each, with an additional 11.25 million shares available to underwriters via a 30-day option. In total, the public offering will be enough to raise $150 million in capital. The offering is set to close on June 27 and will be subjected to “satisfaction of customary closing conditions.” According to the company’s statement, the…

Bakkt Holdings Inc. has disclosed plans to raise $1 billion through a mixed securities offering and use the proceeds to fund Bitcoin buys. According to the crypto software firm’s June 26 filing with the U.S. Securities and Exchange Commission, the offering will include any combination of Class A common stock, preferred stock, debt securities, warrants, or units. The Form S-3 shelf registration enables Bakkt to issue these securities in one or more tranches over time, depending on market conditions. Bakkt may allocate proceeds from future equity or debt financings into Bitcoin or other digital assets. While no purchases have been…

FARTCOIN plummeted significantly in the last 24 hours, joining the list of top losers. Investors across the board are taking advantage of the decline and have begun accumulating. Fartcoin [FARTCOIN] recorded one of the sharpest drops in the market, falling by 11% in a day, and has appeared on CoinMarketCap’s list of top losers, two weeks after leading in gains.  While selling pressure has intensified, AMBCrypto found that a segment of the market—led by Binance retail investors—continues to purchase the asset, suggesting that a rebound may be near. Here’s why. Binance traders make bold FARTCOIN buys The recent decline can…

An attacker manipulated token prices to distort exchange rates and drain about $9.5 million from decentralized stablecoin protocol Resupply. The exploit was first flagged on June 25 by security platform BlockSec Phalcon, which detected a suspicious transaction leading to a $9.5 million loss. Resupply protocol confirmed the incident on X shortly after, claiming that the affected smart contract had been paused and that the attack only affected its wstUSR market. The team also stated that a thorough post-mortem is in progress and that the core protocol is still operational. Resupply has experienced an exploit in the wstUSR market. The affected…

Hong Kong is stepping up its digital asset push with a new policy roadmap designed to scale innovation, regulation, and adoption. On June 26, the Hong Kong government issued Policy Statement 2.0 on the Development of Digital Assets, outlining the next phase of its regulatory strategy. The update, which builds on the framework initially introduced in 2022, introduces a new “LEAP” framework designed to establish a trusted and innovation-driven digital asset ecosystem.  The initiative targets four key areas, including legal streamlining, expanding tokenized products, advancing use cases, as well as people and partnership development. A key pillar of the framework…

The idea of Decentralized Autonomous Organizations (DAOs) sounds like a utopian tech vision—self-governing communities free from centralized control, where decisions are made transparently and democratically. It’s a compelling concept, but the reality has proven more complex. DAOs got off to a rocky start. The first major experiment, simply called The DAO, launched in 2016 with high hopes—only to be hacked two months later. The fallout was so bad that it triggered Ethereum splitting into two chains: Ethereum (ETH) and Ethereum Classic (ETC). It wasn’t the ideal debut. Fast forward to today, and DAOs still struggle to live up to their…