Author: Yeek.io

Ethereum is resting above the critical 200-week moving average after breaking out of a major support zone. With volume rising and structure intact, a full market rotation toward $3,340 appears increasingly likely. The current setup aligns closely with Market Auction Theory, a framework that explains how price tends to rotate between the value area low and the value area high. In Ethereum’s (ETH) case, the value area low was established between $1,400 and $1,600, where price was considered undervalued by market participants. After testing that zone, ETH rallied with strength, reclaiming the point of control and pushing above the 200-week…

SharpLink Gaming plans to offer up to $1 billion worth of shares of common stock in order to buy Ethereum to boost its holdings, continuing its efforts to build an Ether treasury. According to an SEC filing, the U.S.-based company plans to issue up to 72.05 million shares of common stocks. These stock will be marked under the symbol “SBET.” As much as 12.6 million shares in the offering will be valued at $79.21 per share, as per the reported sale price registered to Nasdaq on May 29. However, the actual number of shares the company plans to issue will…

Vitalik Buterin announces that Ethereum’s Layer 1 is expected to scale approximately tenfold within the next year, followed by a pause before its subsequent major upgrade. At the recently concluded ETHGlobal Prague, Ethereum co-founder Vitalik Buterin revealed that the layer 1 blockchain is set to undergo a significant upgrade over the next year. Responding to questions about Ethereum scalability goals, he stated “we should scale L1 about 10x over the next year and a bit.”  NEW: VITALIK BUTERIN SAYS ETHEREUM’S LAYER 1 WILL SCALE ROUGHLY 10X WITHIN A YEAR, THEN PAUSE FOR A PERIOD BEFORE ITS NEXT MAJOR UPGRADE pic.twitter.com/vxJVSDuqDd—…

In a major security breach of the new month, the Nervos Network’s Force Bridge has suffered a $3 million exploit with the hacker stealing multiple assets and swapping it all into ETH, prior to white-washing it through Tornado Cash. Force Bridge is a cross-chain protocol that connects Ethereum and Nervos. The onchain security firm Cyvers reported the incident on X, revealing that a suspicious address gained control of the bridge and siphoned off assets including 257.8K USDT, 539.09 ETH, 898.3K USDC, 60.4K DAI, and 0.79 WBTC. The stolen funds were swiftly swapped to ETH and funneled through Tornado Cash, a cryptocurrency…

FLR crypto rallied for the third straight day following reports of a partnership with Uphold to introduce XRP staking via the Flare Network. According to data from crypto.news, Flare (FLR) rose 12% to an intraday high of $0.0198 on June 2, bringing its year-to-date gains to over 72% at the time of writing. Its market cap stood at $1.25 billion, while daily trading volume surged by 160% compared to the previous day. The rally also appears to be drawing in derivatives traders. Open interest in FLR futures climbed 12% to $4.8 million, the highest since May 23, as traders moved…

Telegram-linked The Open Network has resumed operations after a brief outage on June 1 that halted block production. On June 1, TON developers announced that a fix was deployed 40 minutes after the issue was identified. According to TON’s official update, the incident stemmed from an error in the processing of the masterchain dispatch queue, temporarily disrupting block production.  The development team successfully isolated the problem and quickly implemented a corrective patch, as updating only a few masterchain validators was sufficient to resume block production and restore network consensus. Developers have also confirmed that no user assets were affected by…

French prosecutors have formally charged 25 people, some as young as 16, in connection with a series of attempted kidnappings targeting crypto industry figures and their families. According to local media, the charges follow a string of high-profile abduction plots that have shaken France’s growing digital asset community. The suspects, aged between 16 and 23, are believed to be linked to coordinated efforts to kidnap individuals with ties to cryptocurrency wealth, often using stolen vehicles and fake courier branding to carry out the attacks. Central to the latest indictments is the widely reported May 13 kidnapping attempt in Paris, where…

Spot Bitcoin ETFs saw a notable shift in investor sentiment last week, as uncertainty surrounding Donald Trump’s trade policies and profit-taking led to a reversal in inflow trends. According to SoSoValue data, the 12 spot Bitcoin ETFs in the U.S. recorded $157.4 million in outflows over the past week from May 27-30, ending a six-week inflow streak that drew in over $9 billion into the funds. Among the funds hit hardest was ARK 21Shares’ ARKB, which saw $281.9 million pulled by investors. Fidelity’s FBTC wasn’t far behind, recording outflows of $198.8 million. Grayscale’s GBTC and Bitwise’s BITB also took a…

BRETT had a bearish market structure on the 4-hour chart, while challenging the $0.051 low from earlier in May There was the possibility of a range formation and an impulse move back towards $0.09, the local high Brett [BRETT] saw a strong uptrend in the second half of April, following Bitcoin’s [BTC] rally that took its price from $76k to $111k in May. The memecoin rallied from $0.034 to $0.091 – A 166% move in just under three weeks. A recent report found that the latest Bitcoin price drop from near $110k to $103.5k was a reset and not a…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Ethereum price has slowed down — repeatedly failing to breach the resistance zone around $2,800 — over the past few weeks after making a strong start to the month of May. The second-largest cryptocurrency will aim to replicate this brilliant form in the early days of June in order to reclaim the coveted $3,000 level over the coming months. Since losing the $3,000 level in early February, the price of ETH has struggled to build a sustained bullish momentum, reaching only above $2,700 multiple times in…