Author: Yeek.io

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…

PENGU surged 8% after bouncing from the 0.618 Fibonacci level, often viewed as a strong bullish support. Analyst targets of $0.017 and $0.025 remain long-term scenarios, barring immediate bullish continuation. Pudgy Penguins [PENGU] staged a sharp recovery on the daily chart, breaking out from a descending channel to hit $0.0125. Since hitting these levels, though, the memecoin has fallen to a low of $0.01166. Waddle back or break away? Source: Ali Martinez on X Naturally, this retracement raised eyebrows—but not all see it as a setback. According to analyst Ali Martinez, the decline was a textbook correction to the 0.618…

Uniswap is showing strong signs of a bullish reversal after breaking out of an inverse head-and-shoulders pattern on the daily chart. According to data crypto.news, Uniswap (UNI) UNI shot up over 20% in the past 24 hours, hitting a high of $8.61 on June 11, up 84% from its April low. Its market cap has surpassed $5 billion, flipping that of Aave (AAVE). Meanwhile, its daily trading volume increased by more than 150% over the previous day to nearly $1.39 billion. In the derivatives market, open interest surged 54% to a record $713 million, showing that more traders are betting…

Popular crypto trader James Wynn has opened a large long position on PEPE in an attempt to pursue profit. Analysis from the past 24 hours indicated that more market participants were aligning with this sentiment as acquisitions increased. Pepe [PEPE] has started trending upward over the last 25 hours, recording a 2.15% gain—an extension of its performance over the past week. Market analysis suggests the asset has the potential to continue this upward trend. However, there is a risk of reversing gains, especially as a high-profile trader weighs in on the asset. Whale re-enters market with PEPE after $1B BTC…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Recently, France and Vietnam have propelled Telegram straight to the headlines. Yet, no government intervention could stop it from hitting a billion-user landmark last March. Pavel Durov’s creation has become the go-to global messaging app and has also secured its place as a community hub among web3 aficionados and early blockchain adopters.  Simple, reliable, and offering not just promises but a readymade platform, Telegram represents the opportunity of a millennium for the crypto industry to scale into…

Analysts are strengthening the outlook for more altcoin ETFs as market anticipation heightens, suggesting if, when, and which are likely to get regulatory approval. According to Bloomberg analyst James Seyffart on June 10, 2025, the odds of more altcoin ETFs getting approved are rising. The growing optimism follows the SEC’s formal acknowledgment of several 19b-4 filings from major issuers, including Grayscale, VanEck, Franklin Templeton, and 21Shares. While the commission’s timeline for approval and decision remains uncertain, Seyffart estimates that regulators will likely greenlight the majority of pending crypto ETFs in early Q4, 2025. Top of the list are Solana Solana (SOL)…

The Digital Asset Market Clarity Act has cleared the House Agriculture Committee, moving closer to a full House vote. Lawmakers on the House Agriculture Committee voted 47-6 on Tuesday to advance the bill, moving it one step closer to broader congressional review, with Committee Chair GT Thompson confirming it will now head to the full House and that members may submit counterarguments by the end of the week. As the House Agriculture Committee advanced the bill, the House Financial Services Committee held a concurrent session to consider amendments that could reshape key provisions within the bill. One proposed amendment, introduced…

WIF bulls have held the $0.81 demand zone well, but failed to spark a rally Clues from the liquidation heatmap indicated a potential reversal from the $1-region dogwifhat [WIF] retested its former range high as support earlier in June. The most recent retest yielded a positive price reaction for the memecoin. And yet, despite the 26% move higher in two days, WIF bulls still face resistance at the previous week’s high. WIF heading for a bearish reversal soon? Source: WIF/USDT on TradingView The 1-day chart signaled a bearish structure for dogwifhat. After testing the $1.18 resistance in mid-May, WIF set…