Author: Yeek.io

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.A Closer Look at the July DFIP & CFP Voting RoundOne DeFiChain Improvement Proposals (DFIPs) is up for vote in the latest governance voting round.Find out more about it here.Execution of Approved DFIPs for dCrypto Deprecation and Collateral Phase-OutTwo community-approved DeFi Improvement Proposals (DFIPs) will now be executed. They affect every dCrypto asset, introducing a structured phase-out from liquidity pools and vault collateral.Read more about it here.Ecosystem Project UpdatesIf you’ve ever wanted…

Ethereum is witnessing a renewed wave of accumulation from institutional investors and smart money wallets. As of writing, Ethereum (ETH) was trading at $2,508, representing a gain of over 70% from its year-to-date low. Its market cap stood above $300 billion. While ETH remains 32% below its 2025 peak, analysts suggest it could be approaching a significant breakout. According to pseudo-anonymous analyst Crypto GEMs, who has over 422,000 followers on social media, Ethereum appears to have reentered a multi-week parallel channel on the daily chart. Source: X/cryptogems555 The structure resembles a similar pattern from earlier this year, which preceded an…

South Korea’s top financial watchdog is taking steps to bring spot crypto ETFs and stablecoin regulation into the mainstream as part of a broader plan to modernize the country’s digital asset market. According to a June 19 report by local media Yonhap News, the Financial Services Commission (FSC) has submitted a new crypto roadmap to the Presidential Committee on Policy Planning. The plan sets the stage for launching spot cryptocurrency exchange-traded funds (ETFs) and regulating stablecoins by the second half of 2025. Regulators will build the necessary legal and technical infrastructure to support the ETFs, including rules around fund structuring,…

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).…