Author: Yeek.io

Arizona lawmakers have voted to revive a bill that would expand the state’s forfeiture laws to include digital assets and establish a new Bitcoin reserve fund. Following a June 19 motion in the Senate, House Bill 2324 is headed back to the Arizona House of Representatives for reconsideration.  The measure, which had previously failed to pass the House on May 7, was brought back after a narrow 16-14 Senate vote.  Republican Senator Janae Shamp, one of the lawmakers who initially voted against the bill, filed the motion to reconsider.  It must now secure a majority vote from the 60-member House,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Joseph Lubin, a co-founder of Ethereum and chief executive of Consensys, used an X post on 19 June to deliver what may be his most expansive valuation thesis yet for Ether. After praising a research note that likened ETH to “digital oil,” Lubin argued the author still “is not bullish enough” about Ethereum’s ultimate economic footprint. “This is a very strong piece of work in so many ways,” he began. “Probably everyone who reads this work will learn something and be stoked by the thesis. But this…

The leading decentralized exchange (DEX) aggregator, 1inch, has announced its integration of Sonic Network, a high-performance EVM Layer-1 blockchain, aiming to revolutionize DeFi trading with unprecedented speed and efficiency.This new development promises faster transactions, robust protection against Maximal Extractable Value (MEV) attacks, and access to the best cross-chain swap rates. Sonic Labs’ infrastructure, reportedly capable of processing over 400,000 transactions per second (TPS), and 1inch’s prominent swapping mechanism will offer its users seamless asset swapping across multiple protocols without the need for bridges. Accelerate with 1inch + @soniclabsOur latest chain integration gives you:• The fastest EVM transactions• Bulletproof MEV protection• The…

Quick take: Project Eleven says it has been working on its technology for the past 10 years to create trust in digital interactions. The company seeks to apply post-quantum cryptography (PQC) to existing protocols, starting with Bitcoin. Every wallet, account holder, and private key will be required to upgrade to a new quantum-safe cryptocurrency to protect it from quantum attacks. Project Eleven, the crypto project building at the intersection of quantum computing and cryptocurrencies, has raised $6 million in a seed round co-led by Variant and Quantonation, with participation from Castle Island Ventures, Nebular, and Formation. The company said the…

Top institutional holders dominate Ethereum’s strategic reserves, with the Ethereum Foundation leading the pack. Corporate Bitcoin (BTC) strategic reserves have been a major trend in the past few months. However, Ethereum (ETH) is slowly catching up. On June 19, strategic reserves among institutions rose to 1.190 million ETH, according to the Strategic ETH Reserve website. These reserves, worth almost $3 billion, amount to more than 1% of the total supply of ETH. The growth of ETH strategic reserves | Source: Strategic ETH Reserve Top holders dominate these reserves, with the five largest entities controlling over 70% of all institutional ETH…

TRUMP-linked wallets moved $2.4M in TRUMP as traders leaned bearish. Price remained in a downtrend channel while Network Growth dropped to 1,348. Official Trump [TRUMP] faced growing pressure as linked wallets to the memecoin team transferred $2.4 million worth of tokens across Coinbase, OKX, and Bitstamp within just 36 hours.  Among these, a massive $1.7 million deposit was made to Coinbase alone, raising eyebrows. This multi-platform distribution hints at a broader strategy, likely pointing to profit-taking or preparing for market exits.  While the memecoin traded around $9.38, these transfers have reignited fears of insider-led selloffs.  Therefore, this on-chain behavior may…

SPX pumped 12% after Binance U.S. move, but quickly gave back the gains.  Profitable holders soared over 90%, underscoring the sell pressure.  On the 18th of June, SPX6900 [SPX] soared 12.5% after Binance U.S. announced a spot listing for the memecoin.  The exchange stated that the memecoin will begin trading on the 19th of June, triggering a front-run that lifted it from $1.24 to $1.46.  SPX profit-taking spikes Source: SPX/USDT, TradingView  However, at press time, memecoin traders were already locking profits. At press time, SPX was down 8% after facing a rejection at the mid-range of the downtrend channel (white).…

Two whales exited at a $7M loss as PEPE failed to break resistance. Rising NVT and negative MVRV suggest ongoing bearish pressure despite oversold conditions. Pepe [PEPE] has experienced back-to-back exits by two separate whales, each depositing 600B tokens back to Binance. Combined, these exits represent over $12M in liquidations, both at a loss of approximately $3.5M.  The exits occurred shortly after a failed rebound attempt and may reflect growing caution among large holders.  The whale movements also reflect potential weakness in the memecoin’s long-term conviction, especially as broader metrics and technicals also shift bearish.  Can PEPE be afloat amid…

Aerodrome Finance’s token continued its strong bullish momentum on Thursday, June 19, as network activity and market share surged. Aerodrome Finance (AERO) price rose to a high of $0.9660, its highest swing since February 4, and 235% above its lowest point in April. This surge has brought its fully diluted valuation to over $1.54 billion.  AERO’s breakout coincided with rising market share in the decentralized exchange sector. DeFi Llama data shows that Aerodrome is now the sixth-largest DEX by monthly volume, trailing only PancakeSwap, Uniswap, Raydium, Orca, and Pump. The protocol processed over $14.86 billion in trading volume over the…

The Binance-incubated blockchain, BNB Chain, has once again demonstrated its dominance in the decentralized finance (DeFi) landscape by leading weekly decentralized exchange (DEX) volumes for the fifth consecutive week. This remarkable achievement underscores a significant shift in the DeFi ecosystem, traditionally led by Ethereum and its emerging competitor, Solana.According to data from DeFillama, BNB Chain’s current weekly DEX volume stands at an impressive $27.54 billion, securing the top position with a substantial lead over other major blockchains. In the last 24 hours alone, BNB Chain recorded a DEX volume of $5.97 billion, accounting for nearly 50% of the total $13.30…