Author: Yeek.io

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Marking a major reversal of Biden-era policy, the U.S. Securities and Exchange Commission has withdrawn key measures targeting crypto custody and decentralized exchanges.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…

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…