Author: Yeek.io

A whale spent $4 million USDC to buy 3.84 million FARTCOIN near $1.04, despite ongoing sell pressure. The liquidation heatmap suggests potential for a short squeeze if the price breaks above $1.08. A newly created wallet spent $4 million USDC to buy 3.84 million Fartcoin [FARTCOIN] at $1.04, signaling confidence despite bearish pressure and rising market volatility.  Of course, one wallet alone doesn’t make a market. But it wasn’t an isolated move. On-chain data showed $685.7K in inflows against $1.16 million in outflows on the 4th of June. While outflows still dominate, consistent positive inflows since mid-May point to cautious interest…

Ethena’s native token has remained unfazed by its recent 40 million token unlock, with bullish technicals now pointing to a potential rally toward $1 in the coming months. According to data from crypto.news, Ethena (ENA) was trading at $0.34 on Wednesday, June 4, afternoon Asian time, holding on to gains of over 36% from its year-to-date low. Its market cap was seated at nearly $2 billion with a daily trading volume of $273 million as of press time. While the token still trades about 77% below its all-time high, several upcoming developments suggest Ethena could be poised for a strong…

Sui is rapidly climbing the DeFi ranks, now boasting over $1.75 billion in TVL with growing stablecoin liquidity and rising adoption. Since its launch, the layer 1 blockchain Sui has been on a strong upward trajectory, making waves in the decentralized finance space. Once a newcomer, the move language-powered network has solidified its place as a serious contender, recording explosive growth across the ecosystem. According to DeFiLlama data, Sui has surged to over $1.75 billion in total value locked (TVL), edging closer to its $2 billion peak from earlier in the year. This positions the network among the top 10…

Binance has reprimanded on-chain traders who use bots to obtain Alpha Points illegally, warning that they would revoke Alpha Points of accounts caught violating the rule. In a recent notice, the crypto exchange has taken a firm stand against traders who deploy bots in order to gain points in its Alpha rewards program. After detecting a number of bot-related activities, the team has decided to ban the use of trading bots on its platform for the sake of fairness. “Any use of bots — including but not limited to scripts, automation tools, or other non-manual methods — will be treated…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. DeFi is under attack—but not from the threats the industry is used to defending against. While developers meticulously scan lines of code for vulnerabilities, attackers have shifted tactics, exploiting economic weaknesses that lie unnoticed beneath flawless programming.  For instance, the JELLY token exploit on Hyperledger, where attackers were able to siphon over $6 million from Hyperledger’s insurance fund, is a prime example. That exploit wasn’t caused by coding errors at all, but by gameable incentives and unpriced…

Ethereum co-founder Vitalik Buterin acknowledges that Bitcoin is still ahead in certain aspects compared to ETH in the space. He also recognizes that layer 2 still has a lot of room for improvement. On June 4, the Ethereum (ETH) co-founder responded to a thread on X where users were debating on where the protocol’s strengths lie and what it still needs to improve on. Some users believed that Ethereum is already leading the industry in terms of censorship resistance, but not in terms of transactions per seconds. Vitalik Buterin confirmed this, stating that Ethereum is currently in the lead when…

Jupiter DAO has kicked off vote on whether to formally integrate its unofficial media arm, JUP & JUICE, as a Full Working Group with a dedicated budget. Jupiter DAO is currently holding a vote to decide whether to officially establish JUP & JUICE Media Studio as a Full Working Group, giving it a formal budget and ongoing role within the DAO. The vote went live on June 2 and runs until June 6. As of now, over 449 million votes have been cast—well above the minimum threshold of 198 million needed for a valid result. JUP & JUICE have been…

It all began when crypto researcher Molly White uncovered a new website promoting the upcoming “$TRUMP Wallet” trading app. The site teased potential rewards of up to $1 million in $TRUMP tokens, sparking speculation about its launch. Source: trumpwallet.com Styled like Robinhood and backed by NFT marketplace Magic Eden, the project promised easy access to top tokens like Bitcoin [BTC] and Dogecoin [DOGE]. Source: X Magic Eden’s Jack Lu hailed it as a step toward mainstream adoption, and the official Trump memecoin account soon echoed that mission. All’s not well in the Trump camp What began as a bold crypto reveal…

Ethereum appears to be gaining momentum again, supported by growing institutional interest and a potential shift in market sentiment.  At press time, Ethereum (ETH) is trading at $2,634, up 1.2% in the past 24 hours. This comes after a minor pullback from its local high of $2,771 set on May 29, which saw ETH drop to $2,482 before recovering. Notably, ETH is still up 44% over the past 30 days, making a solid comeback after a 45% drop in Q1 2025.  New on-chain data from Lookonchain, shared on June 3, shows that BlackRock recently reduced its Bitcoin (BTC) holdings in…

Nasdaq-listed MicroCloud Hologram has invested up to $200 million in Bitcoin and cryptocurrency-related derivatives. According to a June 3 press release, the Shenzhen-based firm has acquired up to $200 million worth of Bitcoin and cryptocurrency-related securities derivatives, which include financial instruments tied to the performance of digital assets. MicroCloud said the purchased Bitcoin and its derivatives will be incorporated into its capital reserves. Unlike direct Bitcoin purchases added to a company’s treasury, derivatives offer exposure to price movements without requiring physical ownership of the asset. This approach allows firms like MicroCloud to manage volatility, hedge positions, and maintain liquidity while…