Author: Yeek.io

Sky Protocol, formerly MakerDAO, launched its much-anticipated staking rewards program, and the numbers are already turning heads. In a June 9 post on X, the team revealed that more than $568 million worth of SKY tokens have been staked, with participants currently earning USDS at an annualized rate of 16%. Strong early engagement with the program is demonstrated by the distribution of more than 1.6 million USDS in the first week alone.  More than $568 million in SKY are now getting USDS rewards at a current annual rate of 16%.In just one week since launch, over 1.6 million USDS has…

Under the leadership of Paul Atkins, the U.S. Securities and Exchange Commission is looking to fast-track crypto innovation through exemptions and tailored rulemaking. During the fifth meeting of the SEC’s Crypto Task Force roundtable titled DeFi and the American Spirit, Atkins outlined plans for a new “innovation exemption” that would provide conditional relief from certain regulatory requirements. While broader regulatory changes remain under development, the exemptions would provide a temporary structure to support the safe deployment of onchain services. Atkins said the exemptions would be designed to support firms that are willing to meet specified conditions while developing blockchain-based systems.…

  Shiba Inu whales scooped 1.93 trillion tokens. SHIB has made moderate gains, rising 1.03% in 24 hours. Since hitting a local high of $0.00001764 three weeks ago, Shiba Inu [SHIB] has traded within a descending channel. Over a month, the memecoin has declined by 20.53%, reflecting strong downward pressure. Shiba Inu’s continued price decline has opened up a buying opportunity for many market participants. This is especially true for large entities, as whales re-enter the market, actively accumulating the dip.  Source: IntoTheBlock According to IntoTheBlock, Shiba Inu whales have resurfaced in the market, aggressively accumulating the memecoin. Just two…

Three Months. Five Records. One Arbitrage System.Bancor’s Arb Fast Lane is on a tear.It wasn’t long ago I shared that Bancor’s Arb Fast Lane had set new all-time highs for March — a record-breaking moment for one of DeFi’s most advanced pieces of trading infrastructure.Those records didn’t last long.The Arb Fast Lane shattered those numbers in April — breaking records in both transaction count and gas consumption — and then went even further in May, setting yet another all-time high in transaction volume.That’s five new records in just three months — a streak of performance that shows no signs of…

On-chain metrics revealed that exchanges recorded outflows of DOGE worth $10.90 million Traders appeared to be over-leveraged at $0.1776 on the lower side and $0.1868 on the upper side After a prolonged downtrend, Dogecoin (DOGE) flashed signs of a strong bullish reversal, with its price action indicating significant upside potential. In fact, on the four-hour timeframe, the memecoin seemed to face resistance from a descending trendline. At the time of writing though, it appeared to be slowly breaking out. On the charts, DOGE was trading near $0.185, having recorded a modest price hike of 1.35% over the last 24 hours.…

Most of the top wallets on Pump.fun and PumpSwap are bots, according to on-chain researcher Adam. In a post shared on X, Adam said, “Turns out 93 out of the top 100 pumpfun/pumpswap wallets are bots.” This finding has stirred curiosity among meme coin traders across the DeFi space.Adam added that simple bot filters are now being tested and may be used during the rumored airdrop. This airdrop has not been confirmed yet but Adam teased that, “Someone, somewhere who knows someone and something have confirmed a PUMP airdrop, according to some sources.”Adam pointed out some wallets that seem to…

Internet Computer’s ICP token rallied for the fourth day, outperforming the broader crypto market amid hype over the announcement of its new AI-driven platform, Caffeine. According to data from crypto.news, Internet Computer (ICP) rose 8% to an intraday high of $5.66, pushing its market capitalization above $3 billion. The token is now trading 32% above its year-to-date low. Today’s gains, supported by a notable increase in daily trading volume, came as the broader cryptocurrency market slumped, with total market capitalization falling 2.2% to $3.4 trillion over the past 24 hours. ICP’s recent rally was driven by excitement around Caffeine, an…

Bitcoin-focused decentralized finance platform Alex Protocol has launched a Treasury Grant Program to reimburse users affected by a recent exploit that resulted in over $8 million in losses. According to a June 8 announcement, the program will provide financial support through a combination of original tokens and USDC equivalents, depending on the type of asset lost. Affected users must connect their impacted wallet to the official grant interface, review their specific compensation offer, and sign a confirmation message to accept the terms and conditions. Alex Protocol was exploited on June 6, targeting several liquidity pools on the platform. Alex Protocol…

SUI may be setting up for a rebound, with momentum returning across both technical and on-chain fronts. As of Monday afternoon Asian time, Sui (SUI) was trading at $3.20, down about 25% from its peak last month. Its market cap sat at around $10.8 billion, according to data from crypto.news. One of the setbacks weighing on SUI recently was the SEC’s decision to delay its ruling on the proposed Canary SUI ETF, a move that would’ve given investors regulated exposure to the token. While ETF delays are pretty standard in the approval process, they often dent market sentiment, especially in…

Table of Contents Realizing the Onchain Cash Opportunity: ANZ and Fidelity International Use Case Enabled by Chainlink What Are The Opportunities for Institutions? What Critical Infrastructure Is Needed To Unlock Digital Payment Rails? Realizing the Onchain Cash Opportunity: ANZ and Fidelity International Use Case Enabled by Chainlink Next Steps