Author: Yeek.io

A heated feud between Musk and Trump spawned KILL BIG BEAUTIFUL BILL, a memecoin that hit a market cap of over $53 million as traders piled into the hype. The feud between the two powerhouses has been simmering for weeks, but it finally boiled over after Musk publicly broke away from the Department of Government Efficiency (D.O.G.E.), the Trump-backed initiative he once led. Musk breaks with Trump over ‘Big Beautiful Bill’ Musk took to X on Tuesday to voice his frustrations, accusing Trump’s new “One Big Beautiful Bill” of reversing all the cost-cutting progress made by the department. In typical…

Pudgy Penguins has launched Pudgy Records, a new music label initiative, as its PENGU memecoin shows early signs of a potential breakout. Pudgy Penguins (PENGU) has launched Pudgy Records, a new community-driven music label aimed at expanding the brand’s cultural reach through music. Spearheaded by @danthelostboy, the voice behind the original Pudgy Penguins theme song, the label plans to produce viral anthems, full albums, custom theme songs, curated playlists, and collaborative content that amplifies the Pudgy brand. The label is now accessible across streaming platforms and social media, promoting its goal of putting a “Penguin song in your pocket. Anytime.…

A WLFI exec shorted the TRUMP memecoin amid tension across Trump crypto interests.  The memecoin recorded strong bearish sentiment in the Futures market.  Official Trump [TRUMP] dropped 9% on the 5th of June amid market volatility and bearish bets from the insider team at World Liberty Financials (WLFI).  Source: TRUMP/USDT, TradingView  Ogle, an advisor to the Trump family-backed DeFi project WLFI, reportedly opened a 10x leverage short ($2.71M) against the memecoin. At press time, the memecoin was down below $10, and Ogle’s liquidation price was about $12.489.  While Ogle’s move raised scrutiny across the crypto community, he defended his move as…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. You can always spot the crypto CMO. They’re the ones with a twitch in their eye, a forced smile, and at least one draft email trying to explain (against all odds) why this company is a ‘game-changer.’ Meanwhile, the CFO treats marketing like an optional subscription he forgot to cancel. The CEO is pitching ‘the next big thing,’ which sounds suspiciously like the last big thing. The investors? Already out, sipping cocktails somewhere tax-friendly. Every early-stage crypto…

Lending platform Maple Finance has expanded to the Solana blockchain, introducing its yield-bearing stablecoin syrupUSDC to one of the fastest-growing ecosystems in crypto. The expansion, which was announced in a blog post on June 5, has up to $500,000 in incentives and is backed by $30 million in liquidity. By joining Solana’s (SOL) fast and affordable network, Maple Finance (SYRUP) aims to provide users throughout the ecosystem with institutional-grade lending tools and consistent yields. syrupUSDC offers a fixed yield of approximately 6.5% and can be bridged from Ethereum (ETH). Chainlink’s (LINK) cross-chain interoperability protocol, which launched on Solana’s mainnet on…

Ethereum plummets near the $2,400 mark as the Donald Trump and Elon Musk’s fallout rocks the crypto market as more major tokens get dragged down. According to data from crypto.news, the Ethereum price has dropped nearly 6% in the past 24 hours of trading. The second-largest token by market cap has been seeing red in the past few hours, dropping from a peak of $2,634 to as low as $2,408. At press time, ETH (ETH) is trading hands at a price of $2,456, barely recovering from the sudden price drop at about 2:00 AM UTC. The recent Ethereum price dip…

United States authorities have launched a forfeiture action to seize millions in crypto funneled to North Korea through a global network of fake IT workers embedded in blockchain firms. According to a June 5 statement from the U.S. Department of Justice (DOJ), the agency is seeking to confiscate over $7.74 million in digital assets allegedly earned through illicit employment and laundering schemes designed to evade U.S. sanctions. The funds were initially frozen in April 2023 following the indictment of Sim Hyon Sop, a North Korean Foreign Trade Bank representative based in China, accused of conspiring with DPRK IT workers to…

FARTCOIN has bounced back from its recent slump, driven by renewed investor enthusiasm ahead of a potential Coinbase listing. According to data from crypto.news, Fartcoin (FARTCOIN) rose 23% to hit an intraday high of $1.07 on June 6 before slightly cooling to $1.04 during the morning Asian session. The token is now up 372% from its year-to-date low. Fartcoin’s market cap has now reclaimed the $1 billion mark. Daily trading volume also doubled to $414 million compared to the previous day, suggesting a significant spike in investor activity. FARTCOIN’s recent addition to Coinbase’s listing roadmap played a key role in…

Ride-hailing company Uber is exploring the use of stablecoins to streamline global payments and reduce transaction costs associated with cross-border transactions. During his appearance at the Bloomberg Tech Summit in San Francisco on 5 June, Uber CEO Dara Khosrowshahi confirmed the company is in the “study phase” of evaluating stablecoins as a potential tool for international money movement. Stablecoins offer “a practical benefit other than crypto as a store of value,” describing the technology as “super interesting” for global businesses.  According to Khosrowshahi, while opinions on Bitcoin vary, stablecoins stand out for their utility in payments.  “Especially for global companies…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In recent market gains, Ethereum seems to be leading the charge, having seen notable gains ahead of major digital assets like Bitcoin, especially in the second quarter of this year. Although ETH’s upward trend has slowed down lately, the asset remains primed for a major rally as many crypto analysts anticipate a move to historic levels. An Explosive Rally To A New All-Time High For Ethereum After its brief recovery on Wednesday, Ethereum has reclaimed the $2,600 price level. An analysis of the recent price action from…