Author: Yeek.io

XRP price continued to slide for the second straight day despite getting approval for the first spot ETF listing in Canada. According to recent reports, asset manager Purpose Investments has received final approval from Canadian regulators to launch the country’s first spot XRP ETF. Trading for the Purpose XRP ETF will begin on Wednesday, June 18, on the Toronto Stock Exchange under the ticker XRPP. Despite the approval giving Canadian investors an easy and regulated way to access XRP, it didn’t lift sentiment, and the token stayed under pressure. XRP (XRP) price dropped 3.4% in the past 24 hours to…

Crypto ATM operators in Washington’s Spokane City have been ordered to remove their kiosks within 60 days following a citywide ban. The decision was enacted following a unanimous vote during the Spokane City Council’s legislative session on June 17, making it the first city in Washington to formally ban virtual currency kiosks in response to a rise in scams targeting residents. The ordinance, titled “Virtual Currency Kiosk Prohibition for a Safer Spokane,” was introduced by Council Member Paul Dillon in collaboration with Council President Betsy Wilkerson. Officials said the measure was introduced to curb fraudulent losses tied to crypto kiosks,…

Liquidity staking protocol Meta Pool has suffered a contract exploit that led to unauthorized token minting and losses of over $133,000. Meta Pool was able to contain the incident before further damage was done, according to a June 17 blog post. According to the team, the attack was identified through “early detection systems” and support from blockchain security firm Blocksec, which helped them respond quickly and pause the mpETH contract to prevent “further unauthorized activity or additional losses.” The Meta Pool team attributed the incident to a vulnerability in the ERC4626 mint() function of its mpETH contract. In a separate…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto analyst Michaël van de Poppe has declared that Ethereum is getting ready for a massive move to the upside. The analyst added a caveat, noting that ETH could still drop to as low as $2,200 before the uptrend begins.  Ethereum Primed For A Massive Move To The Upside In an X post, Michaël van de Poppe stated that Ethereum is gearing up for a big move upwards against Bitcoin. He noted that ETH is constantly making higher lows, indicating that it is ready to break upwards.…

SPX has recorded a major market loss, and a further drop may still be underway. However, this decline might also be temporary — an ongoing accumulation phase. SPX6900 [SPX] has trended downward in the last 24 hours, dropping 16%. But using the 1-month chart, this drop appears to be a corrective move, especially when compared to the 106% gain recorded over the same period. Chart analysis paints a clear picture—SPX may decline further before staging a strong rally. AMBCrypto outlines how this could unfold. Why support zone could be the turning point SPX’s price action indicated that the asset had…

Quick take: The investment will go towards the launch of Eigen Labs’ new developer platform EigenCloud. EigenCloud is a unified verifiable programmable environment powered by the Ethereum restaking platform’s core services EigenDA, EigenVerify and EigenCompute. The platform leverages EigenLayer’s crypto-economic security to extend verifiability to other sectors including AI, healthcare and media. Andreessen Horowitz’s digital asset investment arm, A16z has invested an additional $70 via a token acquisition of the EigenLayer (EIGEN) token. The firm also led a $100 million Series B round for Eigen Labs, the developers of EigenLayer in February 2024. The investment will go towards the launch…

Shiba Inu price continued its strong downtrend this week, even as its token burn rate surged by over 800%. Shiba Inu (SHIB) token plunged to a low of $0.00001160, its lowest level since April 9. It has dropped by 35% from its recent peak on May 12. SHIB price dropped because of the ongoing crypto market crash that has pushed Bitcoin and most altcoins lower.  The sell-off intensified as whales dumped their SHIB holdings. According to Nansen data, whale holdings have declined by over 80% in the last 12 months to 34 billion tokens. Similarly, smart money holdings have fallen…

PEPE has seen a sharp 13% correction on the daily timeframe, confirming a lower low and continuing its bearish trajectory. With structure still pointing downward, the next major test lies at the point of control, a key level that may either catch the fall or open the door to a deeper drop. After a series of lower highs and lower lows, PEPE (PEPE) has extended its downtrend with a sharp 13% daily move lower. The recent breakdown followed a failed attempt to reclaim the value area high, where a harsh rejection at the 0.618 Fibonacci level accelerated downside momentum. From…

Cryptocurrency thrives on decentralized networks, seamless transactions, and unbreakable trust. However, as the industry grows, so do the threats against it.  One of the lesser-known yet potentially devastating cyberattacks that can disrupt blockchain networks is the teardrop attack. If your blockchain transactions suddenly freeze out of nowhere, you might be experiencing it. Let’s dive deep into what teardrop attacks are, how they impact blockchain ecosystems, and what security measures can help protect the crypto industry from these digital threats. What Are Teardrop Attacks in Crypto? A teardrop attack is a type of Denial-of-Service (DoS) attack that exploits vulnerabilities in the…

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