Author: Yeek.io

WBT, the utility token of the crypto exchange WhiteBIT, emerged as the top-performing coin today, defying the broader bearish market trend triggered by Israel’s attack on Iran earlier today. According to data from crypto.news, WhiteBIT Coin (WBT) rallied for the third straight day, hitting a new all-time high of $34.3 on June 13 afternoon Asian time. As of press time, its price has settled at $33.67 with a market cap of $4.85 billion, ranking it as the 33rd among the top 100 cryptocurrencies by market cap. WBT retained some of its past day gains as the broader crypto market was…

Pudgy Penguins has partnered with Lufthansa’s Miles & More program, letting users earn airline miles on Pudgy Shop purchases using PENGU or fiat just as PENGU price tests a key confluence zone. Pudgy Penguins (PENGU) has announced a partnership with Lufthansa’s Miles & More, Europe’s largest frequent flyer program, to offer new utility to its The Huddle, the Pudgy Penguins community. The collaboration enables users to earn airline miles through purchases made on the Pudgy Shop using either PENGU or fiat. The earned miles can then be redeemed with over 300 Miles & More partners for flights, travel experiences, and…

Chinese tech giant Tencent is reportedly considering an acquisition of South Korean game developer Nexon. A Bloomberg report citing unnamed sources claimed that Tencent has approached the family of Nexon’s late founder, Kim Jung-ju, to explore a potential deal. While discussions have taken place, no final terms have been agreed upon, and it remains unclear whether the talks will result in a transaction. Kim’s family, which owns a controlling stake in Nexon through investment firm NXC Corp and its affiliated unit NXMH BV, is reportedly evaluating its options.  As of June 30, the entities collectively held 44.4% of Nexon, according…

The cryptocurrency market plunged on Friday, June 13, as rising geopolitical tensions in the Middle East rattled investors.  Following news that Israel had launched a major military operation against Iran, digital assets tumbled sharply. The total crypto market capitalization dropped 7% over the past 24 hours to $3.3 trillion. Bitcoin (BTC) declined around 5%, trading at $103,464 as of press time. Ethereum (ETH) fell 10% to $2,471, while Solana (SOL) dropped 11% to $141. XRP (XRP) and BNB (BNB) also lost ground, down 6% and 4% respectively. Data from CoinGlass shows that crypto liquidations surged 125% in a single day,…

Tony G Co-Investment Holdings confirmed that it purchased 10,387 $HYPE tokens, the native asset of the Hyperliquid ecosystem, for just over $438,000. This is the company’s largest investment in decentralized finance so far. We’re the first public company to add $HYPE to its treasury. Just the beginning. Hyperliquid. $TONY on CSE (Canada)$BGRDF on OTC (USA) pic.twitter.com/LN7GVd0Ftq— Tony G (@TonyGuoga) June 12, 2025 The tokens were acquired at an average price of $42.24 each. This marked the first time a publicly listed company had taken a position in the Hyperliquid protocol.Hyperliquid Gets Institutional Nod as Tony G Co-Investment Buys InAccording to…

Dark pools are private trading venues where institutional investors execute large orders without revealing their transactions to the public. These alternative trading systems (ATS) have been a part of traditional finance since the 1980s, providing a means to mitigate market impact when executing substantial trades. In public exchanges like the New York Stock Exchange (NYSE) or NASDAQ, large buy or sell orders can significantly shift market prices due to increased visibility. For example, if an institutional investor wants to purchase 1 million shares of a stock, publicly placing this order could cause the stock’s price to rise, making the trade…

Blockchain technology has made remarkable strides in revolutionizing data ownership, finance, and digital identity. But despite these advances, one flaw has persisted: fragmentation. The inability of blockchains to talk to each other freely has led to siloed ecosystems, inefficient workflows, and limited composability. As of 2023, DeFi’s Total Value Locked (TVL) surpassed $40 billion, but this capital remains largely stranded within isolated chains. Chainlink’s Cross-Chain Interoperability Protocol (CCIP), launched in 2023, aims to address these challenges by facilitating secure and seamless cross-chain communication. With integrations across multiple blockchains, CCIP has the potential to redefine inter-blockchain interactions. But can it truly…

When I published A Record-Breaking Run for Bancor’s Arbitrage Infrastructure, I was reporting on an exciting milestone: five records shattered in three consecutive months on Sei.The more I sat with the data though, the more I realized it raised a much bigger question — not just about performance, but about purpose.So I sat down with Bancor Project Lead, Dr. Mark Richardson, and asked a simple question:“Why is this so significant to Sei, or to other blockchains that might have the Arb Fast Lane deployed on it?”Here’s what he had to say:

SHIB burn rate spiked to 103,222%, with over 102 million tokens destroyed in 24 hours. Exchange outflows hit 25.19B SHIB, suggesting strong accumulation despite low volatility. Shiba Inu [SHIB] has recorded a staggering 103,222% spike in its 24-hour burn rate, wiping out over 102 million tokens and tightening the circulating supply.  This sharp deflationary move arrives as the broader market sees mixed signals, with SHIB’s price slipping by over 3% in the past day.  However, such an aggressive burn rate could renew bullish sentiment and build speculative momentum.  Historically, SHIB burn spikes have aligned with periods of increased trader interest…

A strategic equity line gives the Nasdaq-listed company flexible $5 billion in buying power for SOL tokens while compounding staking yields in a bold crypto treasury play. On June 12, Solana (SOL)-focused crypto treasury firm DeFi Development Corp. announced it has secured a $5 billion line of credit to accumulate additional SOL tokens and accelerate its SOL Per Share (SPS) metric. According to the statement, DeFi Development entered into a share purchase agreement with RK Capital Management LLC to issue and sell common stock in order to raise the funds. The company expects to access the facility after meeting customary…