Author: Yeek.io

Interest in memecoin ETFs is growing as more investors and market watchers eye their potential launch, and analysts are highlighting why they could be on the horizon. Bloomberg analyst Eric Balchunas recently expressed optimism about the potential launch of a memecoin exchange-traded fund. His comments came in an X thread, where he responded to an earlier post that suggested a memecoin ETF could be a promising idea. Balchunas explained that the crypto ETF market is expected to see a wave of actively managed funds towards the end of 2025, after which a memecoin focused era is likely to follow in…

The Bitcoin-based CeDeFi platform, Avalon Finance, has announced the burning of over 80 million tokens, representing nearly 44% of its circulating supply. Following the move, the price of the AVL token jumped by 16% as it caught widespread attention from the crypto community. Avalon Labs noted that a total of $20 million of airdropped AVL tokens were claimed by more than 100K users over the past year, and the burning, which took place on June 9, particularly included unclaimed tokens, worth approximately $16 million at the time. Avalon Labs has officially burned 80M $AVL, representing 44% of the circulating supply. These unclaimed…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As the dust settles from the latest wave of phishing attacks, breaches, and increasing regulatory pressure, one thing is becoming abundantly clear: the era of centralized custody in crypto is reaching an inflection point. Coinbase may still stand tall as the poster child of exchange-driven adoption, but its growing vulnerabilities expose a systemic flaw. Users are still being asked to trust a third party with their assets, privacy, and safety. In a post-Coinbase world, this trust model…

Avalon Labs has burned 80 million AVL tokens, permanently removing them from circulation in a move that reduces the circulating supply by roughly 44%. Announced on X on June 9, the tokens, worth an estimated $16 million, were mostly unclaimed airdrop allocations from a March 2024 campaign. Avalon framed the burn as the start of a “deflationary cycle” that aligns with long-term incentives. Avalon Labs has officially burned 80M $AVL, representing 44% of the circulating supply. These unclaimed airdrop tokens, worth approximately $16 million, have now been permanently removed from circulation. Over the past year, a total of $20M worth…

The Sui and Aptos based decentralized exchange (DEX), Cetus Protocol, has restarted its platform after recovering $162 million of stolen funds and a $30 million USDC loan from the Sui Foundation. On May 8, the protocol announced that it is back functioning as usual after a successful community vote on retrieving assets from the attacker’s wallet, which were frozen by Sui validators. Now the protocol possesses a hefty amount of funds—including recovered funds, a USDC loan, and an additional $7 million cash reserve—and it’s ready to be used. Cetus suffered the exploit on May 22, losing over $260 million in assets at…

Eric Trump backed the TRUMP token again, linking it to WLFi after distancing himself days ago Memecoin enables foreign access, sidestepping campaign laws through anonymous crypto transactions Eric Trump has now confirmed what many suspected – The Trump family is all-in on the Official Trump [TRUMP] memecoin. In a tweet this week, he announced an official alignment between the token and WLFi, the family’s broader crypto venture. In fact, the statement marked a clear turnaround, with the same stating, Source: X Just days ago, Trump’s sons claimed they had nothing to do with the token, framing it as just an…

Ethereum’s price is consolidating near $2,500 as institutions quietly ramp up their exposure to ETH. As of press time, Ethereum (ETH) is trading at $2,492, down 0.9% over the last day. The price is close to the lower end of its recent 7-day range between $2,419 and $2,666 and. Market activity appears to be picking up steam despite the slight decline. Ethereum’s 24-hour trading volume has increased by more than 25% to $11.42 billion, indicating a resurgence of investor interest. In line with this, Coinglass data shows that derivatives volume increased 21.9% to $37.36 billion, but a 1% decline in…

Sui network-based Cetus Protocol has relaunched with a new roadmap, open-source plans, and a compensation programme following a $223 million exploit. The decentralized exchange unveiled its post-relaunch strategy in a June 8 blog post, outlining measures to enhance protocol security, upgrade monitoring systems, and transition toward full open-sourcing. A newly structured white hat bounty programme has also been introduced to support community-driven security efforts. According to the team, all affected CLMM pools have now been replenished using a combination of recovered assets, treasury funds, and a $30 million loan from the Sui Foundation. Liquidity providers will regain access to their…

Memecoin ETFs could debut by 2026, driven by demand for actively managed crypto products. SEC delays fuel frustration, but issuers push for “first-to-file” ETF review model restoration. Amid the rising interest in altcoin ETFs and expectations of their approval in 2025, memecoin ETFs are also beginning to attract attention. A page under the name – Vladcoin noted,  “I think there should be an ETF that actively trades memecoins — buying and selling based on performance. It would hold the promising ones and sell off the weaker ones. Basically, an actively managed memecoin ETF.” Bloomberg ETF analyst Eric Balchunas weighs in…

SHIB burn rate surged 5762.9%, while address activity rose across all categories last week. Exchange outflows rose 92.01%, nearly doubling inflows, as funding rates flipped slightly bullish. Shiba Inu [SHIB] has drawn renewed attention after its 24-hour token burn rate surged by a staggering 5762.9%, with over 26 million tokens incinerated. This spike reflects intensified deflationary efforts by the community, which often aligns with attempts to restore confidence after price pullbacks.  However, this time, the price barely responded. SHIB slid 1.82% to $0.00001259 despite the burn, suggesting deflation alone isn’t moving the needle. Retail traffic rises as whales step back…