Author: Yeek.io

Quick: OpenTrade focused on providing yield-bearing stablecoins to users in countries with high inflation. The UK-based crypto company offers yields of up to 9% on EUR and USD. The latest fundraising brings the total raised to $11 million. OpenTrade has raised $7 million in a strategic funding round led by Notion Capital and Mercury Fund, with participation from A16z Crypto, AlbionVC and CMCC Global. The fundraising brings the total raised to $11 million within six months, following a $4 million extension round announced in November last year, the UK-based startup said in an announcement on Wednesday. The company plans to…

Welcome to the DeFiChain News Show summary – your go-to source for all the latest happenings in the DeFiChain ecosystem.Each week, we bring you the most important updates, developments, and critical announcements that every DeFiChain community member needs to know.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.dCrypto Deprecation – Less Than 1 Month LeftCritical Deadline: July 4, 2025DeFiChain users have less than one month to exchange their dCrypto tokens before they become permanently unusable.Affected Tokens:Bitcoin (dBTC), Ethereum (dETH), USDT (dUSDT), USDC (dUSDC), Litecoin…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum whales have started returning to the arena as the price has picked up once again. This return marks a turn for the digital asset, which has suffered from major sell-offs over the last few weeks. So far, they have more than doubled their activities in a single day period, showing a renewed interest in the market. The implications of this would be that Ethereum whales are driving the recovery and could trigger the start of the altcoin season. Ethereum Whale Transactions Double In 24 Hours According…

VivoPower, a company listed on NASDAQ (VVPR), has announced a partnership with Flare to use $100 million worth of XRP to generate yield on its treasury holdings. This is a part of the firm’s new plan to focus on XRP for their financial strategy.Using Flare’s FAssets system, VivoPower can now use XRP in decentralized finance (DeFi) to earn profits through a tool called Firelight and then put those profits back into buying more XRP. This is the first time a big company has used XRP this way in DeFi, making it a significant step. The firm will also hold Ripple’s RLUSD…

The SPX6900 token continued its strong uptrend on Wednesday, reaching its highest point since January. SPX6900 (SPX) price rose for the fifth consecutive day, reaching a high of $1.62, up by 548% from its lowest point this year. This surge has pushed its market capitalization from $275 million in March to $1.4 billion.  The SPX token surge coincided with ongoing whale accumulation. Nansen data shows that whales now hold 105.29 million coins, up from 104 million on May 13 this year. SPX whale chart | Source: Nansen Similarly, public figure holdings of the SPX token rose to 31.97 million, up…

Ethereum price made a bullish breakout this week, reaching a high of $2,832, its highest level since February 4. Ethereum (ETH) has jumped 102 percent from its lowest level in April, giving it a market capitalization of $333 billion. Currently trading at around $2,800 there are four reasons why the coin can soon rise to the $3,000 level. 1. Ethereum ETF inflows continue Wall Street investors are aggressively buying Ethereum funds, a sign that they expect further upside. SoSoValue data shows that inflows rose by $124.9 million on June 10, bringing cumulative inflows since inception to $3.5 billion. These fund…

aura, a Solana-based memecoin, surged from $1 million to $50 million in market cap within 4 hours today, but a crypto scam tracker has flagged it as a potential rug pull. According to CoinGecko data, aura (AURA) surged from $0.001 to a high of $0.005 on June 11, marking a 400% gain in a few hours. Its trading volume skyrocketed by over 115,000% from the previous day. Interestingly, there was no official update or announcement from the project that could explain such a steep rally. As of press time, AURA was still up 4,130% over the past 24 hours, trading…

Polygon co-founder Sandeep Nailwal has been appointed CEO of the project’s foundation, marking a strategic shift to accelerate decision-making and double down on scaling AggLayer. Sandeep Nailwal, co-founder of Polygon (POL), has been appointed CEO of the project’s foundation. The move aims to speed up decision-making amid increasing competition in the blockchain industry, Nailwal said in Bloomberg interview. He noted that before his appointment, the foundation’s institutionalized and decentralized decision-making had introduced “all sorts of slowness” into the operations. Additionally, Nailwal’s appointment stems from a growing unrest within the Ethereum (ETH) community regarding its strategy, which heavily depended on Layer…

The leading decentralized exchange (DEX) aggregator, 1inch Network, has introduced its new “Pathfinder” algorithm, promising to revolutionize token swaps on decentralized exchanges. This development enhances swap efficiency, with it improving swapping rates by up to 6.5% and reducing gas costs. The development comes at a time when DeFi platforms are under pressure to offer competitive advantages amidst rising user expectations and market fragmentation. As per the official blog post, the new algorithm is designed to find more efficient token-swapping paths while consolidating swap steps and maximizing use of concentrated liquidity. This makes classic swaps faster and more profitable, as well as maintains…

A 38-year-old Russian founder of a cryptocurrency payment firm has been charged by the United States Department of Justice for the operation of a multi-million dollar money laundering scheme. According to a DOJ statement released on June 9, Iurii Gugnin, the New York-based founder of crypto firm Evita is facing a a 22-count indictment for charges revolving around the use of his company to funnel more than $500 million in illicit funds. Prosecutors allege that Gugnin moved the funds through the U.S. financial system to support transactions for sanctioned Russian banks, defraud American financial institutions, and aid the export of…