Author: Yeek.io
MOVE rallied for the second straight day, supported by continued token buybacks by the Movement Network Foundation. According to data from crypto.news Movement (MOVE), the native token of the modular Layer-2 blockchain ecosystem, surged over 35% on June 26 to reach an intraday high of $0.199 during afternoon Asian trading hours. The rally pushed its market cap above $512 million and extended its weekly gains to over 52%. Its daily trading volume rose over 300% compared to the previous day, with investor sentiment likely being buoyed by ongoing token buyback activity by the Movement Network Foundation. According to official disclosures,…
The leading decentralized exchange (DEX) aggregator platform, 1inch, has added Uniswap’s Unichain into its list of supported blockchains. This integration aims to maximize MEV protection, increase transaction speed, and offer the best swap rates. Announced on 25 June, the development highlights 1inch’s growing ecosystem, which now supports over dozens of blockchain networks—including Ethereum, Solana, Optimism, Arbitrum, Polygon, and others.Besides enabling transactions, users can now also store and track Unichain assets securely with 1inch Wallet and 1inch Portfolio. Additionally, all Uniswap balances and liquidity pools will also be reflected in the 1inch Portfolio dashboard. “Unichain fits perfectly into our vision of a fully…
Tokyo-based Metaplanet Inc. is doubling down on its Bitcoin strategy, adding another major chunk to its fast-growing treasury. According to an official disclosure on June 26, Metaplanet has purchased an additional 1,234 BTC (BTC). The latest purchase was valued at approximately $133 million, pushing its total holdings to 12,345 BTC. The latest acquisition comes just one day after the firm announced it would issue 54 million new shares in partnership with institutional investor EVO FUND. The capital raise, worth ¥74.9 billion (around $515 million), was aimed directly at expanding its treasury and marks the largest single-day equity raise for Bitcoin…
A lawsuit filed in New York has accused Citibank of negligence after one of the bank’s customers lost $20 million to a crypto romance scam. Plaintiff Michael Zidell, who filed the complaint on June 24, is seeking compensatory damages and legal costs. Zidell alleges the bank failed to detect and act on suspicious wire transfers linked to the scam, which led to substantial financial loss. Zidell claims he was targeted in a fraudulent investment scheme commonly known as “pig butchering,” in which scammers form fake online relationships with victims to lure them into fraudulent investments. Zidell was allegedly contacted in…
WIF has bullish potential, based on the 1-week chart. To achieve this, a move beyond $1 and $1.18 alongside rising demand would be necessary. dogwifhat [WIF] bulls managed to defend a higher timeframe support zone around the $0.7 demand zone. In a report made in May, AMBCrypto noted that a breakout past $1.2 was not an immediate buying opportunity. Rather, bulls could wait for $1.26 to be flipped to support. This came true, especially as Bitcoin [BTC] retraced from $111k in the final week of May and fell 10.2% over the next two weeks. At the time of writing, BTC…
CESS, the native token of DePIN-based storage blockchain CESS Network, will be listed on multiple major centralized exchanges, including Binance Alpha, KuCoin, and Bitget. According to an official X announcement, Binance Alpha will be the first exchange platform to list the token later today. The exact time of the listing is yet to be announced. Eligible Binance users will be able to redeem Alpha Points for an undisclosed allocation of CESS tokens via the Alpha Events page once trading goes live. Details regarding the airdrop mechanism and distribution will be released once trading begins. Other major exchanges such as Bitget,…
The MELANIA team dumped over 8% of the token’s total supply in four months. The selling pressure has shed over 90% of the token’s value, with no signs of recovery. Since January, Official Melania Meme [MELANIA] has been in free fall with no relief in sight. It has shed over 90% in the past five months, dropping from over $14 to $0.2. Since May, the memecoin has dropped 60%, hitting new lows, but the sharp decline has stabilized near $0.20. A major factor behind the sell-off appears to be heavy token dumping by the project’s team. Source: MELANIA/USDT, TradingView MELANIA…
Invesco and Galaxy have become the ninth issuer to file for a spot Solana ETF with the U.S. Securities and Exchange Commission. According to a June 26 filing, Invesco and Galaxy’s proposed fund will offer direct exposure to Solana (SOL), the sixth-largest cryptocurrency by market capitalization. Following the precedent set by Bitcoin and Ethereum ETFs, the proposed Solana fund would hold the asset directly under a commodity trust structure. The fund would trade under the ticker symbol “QSOL” on the Cboe BZX Exchange, with Coinbase Custody set to act as custodian for the underlying Solana assets. The ETF may also…
Sky Protocol’s decentralized finance network has launched a new institutional-grade credit protocol with a $1 billion investment into tokenized credit. Grove, a DeFi credit infrastructure developed as part of the Sky (SKY) ecosystem, was announced in a press release on June 25. At launch, the Sky ecosystem allocated $1 billion to Grove for investments in the Janus Henderson Anemoy AAA CLO Strategy, a fully tokenized fund created in collaboration with Centrifuge. Run by the same team that manages Janus Henderson’s $21 billion AAA CLO ETF, the strategy provides DeFi with access to a traditionally off-chain asset class known for yield…
Dogecoin’s weekly structure showed some hope in the long term, and consolidation conditions in the coming weeks. Swing traders would be buoyed by the DOGE reaction at $0.142 and could look to enter long positions. Dogecoin [DOGE] retested the $0.142 support level from April, which had been a range low at the time. AMBCrypto’s analysis showed that there was reason to think that Dogecoin was still trading inside a range, despite its May rally. Source: DOGE/USDT on TradingView The weekly chart showed a bullish swing structure, as highlighted by the Fibonacci retracement levels plotted from this swing move’s low and…