Author: Yeek.io

June 4, 2025The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week.👉TLDRStaking Rewards Are LiveDebt-free stakers now earn SNX rewards in the new frictionless model :  no debt, no ratios, no liquidations.5M SNX reward pool is live; stake now at 420.synthetix.io.Note: Only available to stakers with no debt, exiting the debt jubilee is one-way.Debt Jubilee Update: sUSD Staking Requirement IncreasedAs of June 2, debt jubilee participants must stake 20% of original debt in sUSD to continue earning rewards (up from 10%).Non-compliance pauses rewards indefinitely until corrected.New stakers are unaffected — sUSD…

SHIB’s 2,408% burn spike and 3.37% netflow drop signals reduced supply pressure. Bearish whale activity and dense liquidations near $0.0000138 cap short-term upside. Shiba Inu’s [SHIB] 24-hour burn rate skyrocketed by over 2,408%, eliminating nearly 40 million tokens from circulation and coinciding with a 3.37% drop in exchange netflows.  While the price climbed 2.69% during the same period, traders should exercise caution. Short-term optimism may be tied to this sudden burn activity, but its sustainability remains uncertain.  Therefore, although the shrinking supply hints at bullish pressure, the broader context must be weighed before assuming this move is the start of…

Thank you to the EFers that provided valuable input and feedback to the draft document: Bastian Aue, Vitalik Buterin, Bogdan Popa, Tomasz Stańczak, Fredrik Svantes, Yoav Weiss, Dankrad Feist, Tim Beiko, Nicolas Consigny, Nixo, Alex Stokes, Ladislaus, and Joseph Schweitzer. Thank you to kpk, Steakhouse Financial, and pcaversaccio for providing valuable and insightful input and the final review of this document. The Ethereum Foundation (EF) exists to strengthen Ethereum’s ecosystem and uphold its long-standing non-negotiable objectives: enabling “applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference”. EF Treasury supports EF’s long-term agency, sustainability,…

Railgun price soared more than 10% on June 4, 2025 amid upside pressure, with the cryptocurrency surging after Ethereum co-founder Vitalik Buterin sent $1.83 million worth of Ethereum tokens to the protocol. Railgun (RAIL), the native token of zero knowledge proof powered privacy solution Railgun Protocol, rose sharply on Wednesday, jumping from lows of $0.78 to hit highs of $0.89. The double digit spike for RAIL happened amid a notable increase in trading volume, with data showing the Ethereum (ETH)-based privacy coin’s daily volume rose 36% to over $432k. Gains saw bulls attempt to reverse the downtrend that has seen…

Dogecoin iis showing clear signs of a structural market shift after months of grinding within bearish conditions. A strong breakout followed by bullish confirmations suggests that a deeper upside continuation could be underway, if key support levels hold. Momentum indicators are aligning, technical structure is shifting, and buyers are gradually regaining control. Despite recent volatility in the broader crypto market, Dogecoin (DOGE) has quietly been laying the groundwork for a significant trend reversal. After breaking free from a long-standing bearish trend, DOGE surged into high-timeframe resistance at $0.23 before facing rejection. Importantly, the pullback didn’t result in a full breakdown,…

Tel Aviv-based DeFi platform PriveX has officially gone live on the COTI mainnet, introducing a new approach to perpetual decentralized trading that prioritizes privacy, automation, and composability. Built for intent-based execution, PriveX enables users to trade more than 300 perpetual pairs with institutional-grade performance, all without exposing trade data on-chain. Operating on COTI’s (COTI) privacy infrastructure, PriveX aims to bring a centralized exchange-like experience to decentralized markets. Trades are executed through a private, intent-based backend powered by Symmio, which sources liquidity from both decentralized and centralized venues, including Binance. This approach protects traders from front-running and strategy leaks, while supporting…

Ever placed a crypto trade only to find the price changed before execution? That’s price slippage– a hidden cost that can eat into your profits. It is a common issue traders face in fast-moving or low-liquidity markets like the crypto market.  Price slippage occurs when market conditions shift between the time you place an order and when it gets executed, causing you to pay more (or receive less) than anticipated. It is common in both spot trading and DeFi swaps, especially during times of high volatility or low liquidity. While some degree of slippage is unavoidable, understanding how it works…

Shards Protocol has secured $2 million in funding to advance Aura, its Web3 reputation system that turns on-chain activity into reputation and rewards. In a press release shared with crypto.news, Shards Protocol announced that it has raised $2 million in funding backed by Animoca Brands, Kyber Ventures, Yield Guild Games, and others. The capital will primarily fund the development and integration of their flagship product, Aura, within the Web3 ecosystem. Aura is a recognition and reputation layer that converts users’ on-chain activity into verifiable reputation and rewards. Users can flaunt their reputation scores and badges from their Web3 activities right…

Two community-approved DeFi Improvement Proposals (DFIPs) will now be executed. They affect every dCrypto asset, introducing a structured phase-out from liquidity pools and vault collateral.DFIP 1 — Deprecate All Pools Containing dCryptosGovernance vote detailsAll dCryptos are flagged deprecated after 86,400 blocks (≈ 30 days).Swap functionality for these pools stops after another 86,400 blocks (≈ 60 days from now).DFIP 2 — Remove Deprecated Tokens as Vault CollateralGovernance vote detailsCollateral factor for each deprecated token drops automatically by 0.01 per day over 100 days.The process begins at block 5,082,400.Timeline at a Glance EventBlockApprox. Date & Time (CEST)Deprecation flag activated5 082 400Wed 4 Jun 2025 04:29Collateral reduction begins5 082 400Wed 4 Jun 2025 04:29Swap functionality disabled5…

A new venture linked to the Donald Trump crypto brand has spiraled into public drama as the family moves to distance itself from the project. Since adopting his self-acclaimed ‘crypto president’ title, Donald Trump and his family have ventured into the industry with bold business initiatives. Not ones to shy away from leveraging trends, several ventures from NFT collections to token launches have been linked to the Trump name, including a recently debuted DeFi platform, World Liberty Financial.  But the latest project claiming Trump family ties has sparked a public fallout. Drama ensues as Trump boys disown Wallet On June…