Author: Yeek.io

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Earlier this week, Ethereum experienced a notable uptick after a period of bearish pressure that halted previous upward attempts. However, this renewed bullish momentum appears to be losing steam as ETH’s price saw a pullback on Thursday. Despite this pullback, ETH’s derivatives market continued to show strong momentum. A Dramatic Uptick In Ethereum Open Interest As Thursday drew closer to a close, Ethereum took a hit and fell below the $2,700 price mark, flipping the level into a resistance once again. While the altcoin’s price declined to…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Sharplink Gaming (SBET), which became the first public company to establish an Ethereum treasury, hasn’t had it easy since making this major move. The company’s shares have plummeted amid reports that investors plan to offload their stocks following the creation of the ETH Treasury.  Sharplink Gaming’s Stock Plummets Following Ethereum Treasury Move In an X post, Steven Lubka, the VP of investor relations at Nakamoto, drew the crypto community’s attention to the 72% drop in Sharplink Gaming’s stock after hours. Based on the SBET stock crash, he…

Quick take: Users can compare AI model answers from ChatGPT, Claude, Gemini, Grok, DeepSeek, and Llama. The fundraising also attracted participation from multiple angel investors including Google Chief Scientist Jeff Dean, Twitter co-founder Biz Stone and Pinterest co-founder Evan Sharp. Payments on the platform are provided by the likes of Stripe, PayPal, and Coinbase. Yupp, an AI startup leveraging crypto rails to reward users for comparing answers from different AI models, has emerged from stealth with a $33 million seed round led by A16z crypto, the investment arm of Andreessen Horowitz venture capital, which focuses on crypto projects. Yupp said…

SharpLink, a Nasdaq-listed firm now holds more ETH than any public company, staking 95% to generate passive yield for shareholders and boost Ethereum’s security. SharpLink Gaming announced on June 13 that it has acquired 176,270.69 Ether (ETH) tokens for $462,947,816, positioning itself as the second-largest ETH holder globally, just behind the Ethereum Foundation. The iGaming giant is also the largest publicly traded holder of ETH and has staked over 95% of its total holdings to generate yield while contributing to Ethereum’s network security. With this move, SharpLink is doubling down on ETH as the backbone of its treasury, making a…

The broader crypto market faced a sharp jolt earlier today as geopolitical tensions between Israel and Iran triggered a wave of sell-offs. Among the tokens hit was Hyperliquid’s HYPE, which saw a steep intraday decline. However, the token is now showing signs of recovery. Trading at $39.63 at press time, HYPE (HYPE) is gradually rebounding from the sharp drop it suffered earlier. The token had recently climbed above $43, setting a new all-time high after several days of strong upward momentum. However, it quickly tumbled to $37, marking a 14.2% pullback within hours. $HYPE’s price chart | Source: crypto.news HYPE’s…

Hi DeFiChain Community,Welcome to your weekly round-up of the DeFiChain ecosystem! It’s been another bustling week with plenty of developments. Let’s dive in and explore what’s new and exciting.DeFiChain News Show: dCrypto Depreciation Updates And More!Welcome to the DeFiChain News Show summary – your go-to source for all the latest happenings in the DeFiChain ecosystem.In this edition, we cover an urgent dCrypto deprecation deadline, trading competition results, Meta Chain progress, and active community discussions shaping the future of DeFiChain.Read more about it here.Execution of Approved DFIPs for dCrypto Deprecation and Collateral Phase-OutTwo community-approved DeFi Improvement Proposals (DFIPs) will now be…

The years-long legal drama involving basketball star Shaquille O’Neal and his ties to the now-bankrupt crypto exchange FTX is finally coming to an end. According to a recent CNBC report, Shaquille O’Neal has agreed to pay $1.8 million to settle the class action lawsuit that accused him of misleading investors by promoting FTX. The lawsuit, originally filed in November, stemmed from his involvement in the “FTX: I Am All In” campaign, where he was dubbed “Shaqtoshi.” He was formally served in 2023 outside his Atlanta residence, after several attempts to reach him. UPDATE: Plaintiffs in the billion $ FTX class…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Last December, decentralized exchanges reached a remarkable milestone, surpassing $462 billion in monthly trading volume. Although the volume has fluctuated during different market cycles over the past quarter, trading activity on DEXs continues to surge at a remarkable pace.  It’s no longer just advanced traders on these platforms. Even beginner users on these platforms are now actively seeking new assets and early trading opportunities—not just advanced traders. This trend reflects a deeper structural shift happening in the…

Sonic’s price is likely to continue sliding in the coming weeks, as bearish technical indicators persist and momentum across its ecosystem slows down. Sonic (S) price fell 15% to an intraday low of $0.314 on June 13, down by over 68% from its highest point this year. This crash has brought its market capitalization close to losing the $1 billion mark, and down from $3.15 billion in January. Rising geopolitical tensions triggered a flight from risk assets on June 13. After Iran launched a military attack on Israel, with retaliatory threats building, the global crypto market lost over 7% in…

Marking a major reversal of Biden-era policy, the U.S. Securities and Exchange Commission has withdrawn key measures targeting crypto custody and decentralized exchanges. On Thursday, the commission confirmed it was formally rescinding 14 proposed rules introduced between March 2022 and November 2023, including several that sought to expand regulatory oversight of digital assets. In a notice, the SEC stated it was “withdrawing certain notices of proposed rulemaking” and made clear that it does not intend to issue final rules on these matters. “If the Commission decides to pursue future regulatory action in any of these areas, it will issue a…