Author: Yeek.io

Quick take: The fundraising also attracted participation from Felix Capital and FJ Labs, with Palantir co-founder Joe Lonsdale, former Unity CEO David Helgason, and former Adyen CTO Alexander Matthey joining as angel investors. Noah plans to use the fresh capital to build its global stablecoin payment network. Users will be able to convert between 50 currencies and transfer money between 70 countries. Noah has announced a $22 million seed round led by LocalGlobe with participation from Felix Capital and FJ Labs. Palantir co-founder Joe Lonsdale, former Unity CEO David Helgason, and former Adyen CTO Alexander Matthey joined as angel investors.…

Ethereum is gaining momentum as institutional investors begin to diversify away from Bitcoin, according to analysts at B2BINPAY. Ethereum (ETH) is showing signs of a potential bull run, as institutions prepare to diversify from Bitcoin (BTC). On June 10, B2BINPAY analysts shared their insights with crypto.news, the same day Ethereum reached a record level of staking balance. According to data from beaconcha.in, the amount of staked Ethereum hit an ATH of 34.65 million ETH, accounting for 28.7% of the total circulating supply. This milestone coincided with an 8% increase in ETH’s price on the same day. Simultaneously, Ethereum exchange-traded funds…

There are signs that the crypto market bull run is about to begin, as Bitcoin’s cup-and-handle pattern nears a breakout. As crypto.news predicted, Bitcoin (BTC) could jump to at least $143,000 now that it has moved above the upper boundary of the cup-and-handle formation. Bitcoin is also on the verge of breaking above the 8-year resistance trendline, a move that could ignite a broader crypto bull run. This article highlights the top altcoins to watch ahead of that potential breakout. Hyperliquid Hyperliquid (HYPE) is among the top altcoins to consider as the bull market gains traction. It has already surged…

FARTCOIN rises 20.29% in 24 hours. With rising long positions, FARTCOIN could reach $1.46 soon. As the crypto market recovered, with Bitcoin [BTC] rallying past $110k, memecoins have benefited the most. Amidst this new-found strength, Fartcoin [FARTCOIN] has recorded significant gains, breaking from a descending channel. At the time of writing, the memecoin was trading at $1.24, a 20.29% increase in 24 hours. Over this same period, FARTCOIN saw a 78% rise in trading volume, hitting $252.3 million, reflecting strong demand. This upsurge also marks the return of speculative and FOMO buyers. These investors are buying the memecoin and taking strategic…

As scrutiny mounts over the role of crypto foundations, a16z crypto says it’s time to move on and build with better tools. Crypto venture giant a16z crypto thinks it’s time to move on from big, centralized crypto foundations and let communities take the lead instead, as they roll out a new framework aimed at helping protocols govern themselves from day one. In a new blog post, a16z crypto head of policy & general counsel Miles Jennings said it’s “time for the crypto industry to move on” from the non-profit structures that have long underpinned blockchain development. While these foundations once…

Fartcoin could potentially see significant gains ahead amid hype surrounding an upcoming spot listing on Coinbase. According to data from crypto.news, Fartcoin (FARTCOIN) shot up 22% to an intraday high of $1.26 on June 10, morning Asian time, pushing its market cap past $1.23 billion, enough to flip Dogwifhat (WIF) in rankings. Open interest in Fartcoin’s futures market also reached an all-time high of $713 million today, indicating that traders are heavily speculating on further price movements. The long/short ratio on major exchanges is also above 1, signaling more traders are betting long than short, a bullish sign overall. Much…

Societe Generale-FORGE plans to launch its new stablecoin, the USD CoinVertible, on both Ethereum and Solana blockchains. Trading for USDCV is scheduled to start in early July 2025. According to a recent press release, SG-FORGE, the integrated subsidiary of Societe Generale Group dedicated to crypto, is preparing to issue its upcoming USD-backed stablecoin on Ethereum (ETH) and Solana (SOL). Trading for the stablecoin is projected to start sometime in early July 2025. The USD CoinVertible will be the second stablecoin issued by SG-FORGE. Its release comes a few months after the firm deployed its first euro-backed stablecoin on Stellar (XLM),…

Plasma, a startup focused on stablecoins, raised an impressive $500 million in its latest public token offering, far surpassing its initial target. On June 9, Plasma announced on X that its public token sale for XPL sold out in just 40 minutes. The team initially planned to raise $50 million but had to revise it twice, first to $250 million, then to $500 million, after overwhelming interest from buyers. In total, more than 1,100 wallets participated in the token sale, with a median deposit of approximately $35,000 per wallet. The XPL token sale accounted for 10% of Plasma’s total token…

South Korea’s Democratic Party has formally proposed the Digital Asset Basic Act, introducing a stablecoin licensing regime and expanded oversight under President Lee Jae-myung’s administration. During a June 10 press conference, lawmaker Min Byeong-deok announced the bill’s submission, calling it a foundational step toward comprehensive regulation of digital assets, including stablecoins, cryptocurrencies, and related service providers.  Min said the legislation was designed to enhance transparency and investor protection while positioning South Korea as a global leader in the digital economy. The Digital Asset Basic Act builds on the existing Virtual Asset Investor Protection Act, which came into effect in July…

Cardano has launched Cardinal, its first decentralized finance protocol designed specifically for Bitcoin users.  The announcement was made by Cardano (ADA) founder Charles Hoskinson on June 9 via X. Developed by Input Output, the research and development team behind Cardano, Cardinal allows Bitcoin (BTC) holders to access DeFi services such as lending, staking, and borrowing without using traditional custodians or centralized bridges. Cardinal functions by wrapping Bitcoin, particularly its unspent transaction outputs. UTXOs are bits of Bitcoin that have been left over from transactions and are used to represent ownership. They are converted into wrapped tokens by the protocol, which…