Author: Yeek.io

A wallet allegedly linked to James Wynn has offloaded over 10 million Moonpig tokens — a strategic de-risking or a desperate move to recover from recent liquidations? According to blockchain analyst @DataC5821, the wallet in question dumped approximately 10.9 million Moonpig (MOONPIG) tokens worth $120.2K. On-chain data shows a rapid sequence of sell transactions clustered around the $14 million to $10 million market cap range, culminating in a crash to approximately $9.5 million at the time of reporting. Since then, the market cap has rebounded slightly, currently standing at $9.9 million. One user suggested the sell-off may have been part of…

Tokenization is the next evolution of financial and digital infrastructure. As BlackRock CEO Larry Fink noted in his Annual Chairman’s Letter to Investors, “every stock, every bond, every fund—every asset—can be tokenized.”  Tokenization is now a tangible force reshaping how assets are issued, traded, and settled. Across the U.S., leading banks, technology firms, and industry innovators are pioneering some of the most successful tokenization projects in the world. From banking and capital markets to insurance and trade finance, these organizations are developing real-world tokenization solutions that are already unlocking significant value. This list spotlights seven examples of how U.S. organizations…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows Ethereum whales have recently ramped up their accumulation, a sign that could be bullish for the asset’s price. Ethereum Whales Have Been Buying Big According to data from the on-chain analytics firm Glassnode, the Ethereum whales have been participating in a very significant amount of accumulation during the past week. ‘Whales‘ refer to the the ETH investors holding between 1,000 and 10,000 tokens of the cryptocurrency. At the current exchange this range converts to about $2.5 million at the lower end and $25 million…

Ondo Finance has unveiled the Global Markets Alliance, a push to open up U.S. financial markets to global investors. The effort brings together leading names in crypto infrastructure, including Solana Foundation, Bitget Wallet, Jupiter, Trust Wallet, Rainbow Wallet, BitGo, Fireblocks, 1inch, and Alpaca. The group’s goal is to define common standards for tokenized securities and create the technical rails needed to move traditional financial products like stocks, ETFs, and mutual funds onto the blockchain.1/ Today we’re announcing the Global Markets Alliance, a historic alliance of leading wallets, exchanges, and custodians to bring capital markets onchain and set standards for the interoperability…

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…