Author: Yeek.io

SPX6900 jumps 18%, but are whales quietly exiting while everyone else piles in for the ride? Unless $1.2 holds as support, SPX risks a pullback to $0.95 despite short-term bullish momentum. After dropping to a low of $0.92, SPX6900 [SPX] bounced back with a retest of the critical $1 support level. Naturally, this rebound came as broader crypto sentiment improved following the cooling of geopolitical tensions. In sync, SPX clawed back, marking a sharp upswing. SPX6900 Futures wake up as prices surge Riding this recovery wave, SPX soared to a local high of $1.26 before easing slightly. At press time,…

DeFi Development Corp, the first public company focused on accumulating and compounding Solana (SOL), has announced a new validator partnership with the Dogwifhat (WIF) community. The partnership will see the launch of a dedicated Dogwifhat validator on the Solana blockchain.The collaboration brings together institutional-level infrastructure and one of the most active memecoin communities on Solana. DeFi Dev Corp and WIF Unite for Solana Validator PushAccording to the company, it will handle all technical operations, infrastructure, and performance management. Both parties will jointly promote the validator and seek stake delegations, including through an application to the Solana Foundation Delegation Program. 1/…

Aptos Labs and Jump Crypto are teaming up to launch a new decentralized hot storage network dubbed ‘Shelby.’ In an announcement posted on X, the Aptos Labs team said Shelby will be web3’s first cloud-grade infrastructure and will offer access to decentralized, monetizable storage for data-rich applications.  Shelby is designed to tap into Aptos (APT) to address the gap in existing decentralized infrastructure protocols, with its chain-agnostic architecture offering sub-second reads. Apart from millisecond settlement, Shelby ensures ease of access and monetization. On why they are building the new cloud-grade storage protocol, Jump Crypto wrote on X: “While blockchains today…

DIA, a company that provides trustless oracle services for DeFi and real-world assets (RWA), has launched a new mainnet staking program and a multichain initiative called “Oracle Grants.” Thanks to partnerships with over 15 blockchains, DIA’s Oracle Grants Program helps projects by covering the cost of using oracles for up to 12 months.It means developers on popular networks like Arbitrum and Avalanche, and even newer chains like Somnia, can access DIA’s reliable and fully on-chain oracle services (called Lumina) for free right away. DIA first tested its grant program on Arbitrum with an “Oracle Gasdrop” funded by 30,000 ARB tokens…

Blockchain records are designed to be immutable—once a transaction is confirmed, it cannot be reversed or deleted. This unchangeable nature is a cornerstone of Ethereum’s capability to power DeFi. Its biggest innovation, smart contracts, ensure a trustless system because it can guarantee that no single authority can alter the transaction history. So for Ethereum, this immutability is a strength. But in practice, it also presents a challenge. As scams and hacks continue to plague the DeFi sector, there is growing debate over whether Ethereum should support some form of “undo” mechanism—similar to features found in traditional digital systems. Essentially, transactions…

Quick take: Mastercard also announced partnerships with Fiserv, PayPal and Paxos’ Global Dollar Network as part of the Mastercard Move and the Mastercard Multi-Token Network. The company will now support FIUSD through Mastercard products and services, including on/off-ramping, merchant settlement, and stablecoin-powered card issuance. The partnerships enable the company to expand how 3.5 billion cards around the world can engage with crypto. Mastercard, Inc. (NYSE: MA) has announced multiple partnerships with some of the leading players in the crypto industry. The global payments giant announced a partnership with the blockchain interoperability platform Chainlink, enabling more than 3 billion Mastercard holders…

The overall crypto market cap rose 2.3% as traders hoped for de-escalation in the Middle East. Crypto markets saw notable gains on Tuesday, with Bitcoin (BTC) leading the rally. On Tuesday, June 24, Bitcoin climbed 5.3%, rising back above $105,000. Altcoins performed even better, posting double-digit gains, with the total crypto market cap up 5.19%. Ethereum (ETH) was among the strongest performers, up 11.33%. Altcoins also saw big gains, with XRP (XRP) up 10.15%, Solana (SOL) rising 9.61%, and Cardano (ADA) up 9.4%. Memecoins like Dogecoin and Shiba Inu also saw strong growth, nearing double digits. The most likely catalyst…

What happens if one steals millions in crypto assets, and when anyone asks why they did it, they simply say, “The code let me do it?” The authorities then hear this and summarily agree to let the perpetrator go free, and while this may sound absurd, there appears to be a valid argument to this effect. The term “code is law” refers to the idea that the codes that govern specific smart contracts are immutable and devoid of the interaction of central bodies or anyone seeking to regulate how these contracts should operate. They reinforce the ethos of decentralised agreements…

Useless Coin token jumped to a record high on June 24, continuing a trend that started earlier this month.  Useless Coin (USELESS), a meme coin on Solana (SOL), jumped to a high of $0.1462, up by 2,470% from its lowest point this month. This surge has pushed its market cap to over $133 million. The token surge accelerated as Bitcoin (BTC) and most altcoins rose following Israel’s truce with Iran. It also jumped after two Fed officials, Christopher Waller and Michele Bowman, said that they would support an interest rate cut of 0.25% in the July meeting.  Nansen data shows…

Nasdaq-listed Nano Labs Ltd is making a massive bet on Binance coin (BNB) and has unveiled plans to acquire the token through convertible notes and private placements. According to a press release dated June 24, China-based Web3 infrastructure provider Nano Labs has set its sights on acquiring up to $1 billion worth of BNB (BNB) as part of a broader strategic growth initiative. To finance the plan, the firm has entered a $500 million convertible note agreement with investors. The zero-interest notes, maturing in 360 days, are convertible into Nano Labs’ Class A shares at an initial price of $20…