Author: Yeek.io

Ethereum’s Layer 2 (L2) solutions play a critical role in scaling the network. By offloading transactions while inheriting Ethereum’s security, L2s reduce costs and boost throughput. Arbitrum, Optimism, and zkSync are leading this charge. But as L2s grow, they’re no longer forming in isolation. A clustering trend is emerging, where new L2s align around dominant ecosystems and shared tech stacks. As Blockscout’s Ulyana Skladchikova and Kirill Fedoseev observed, these clusters often standardize infrastructure and tooling, improving internal interoperability—but potentially at the cost of broader connectivity. Even Ethereum co-founder Vitalik Buterin has flagged this risk, warning that clustering could undermine Ethereum’s…

The Blockchain Group, a Paris-listed decentralized technology development company, has completed a €63.3 million convertible bond issuance to add more Bitcoin to its treasury. In a May 26 announcement, the firm confirmed that the issuance was carried out through its wholly-owned Luxembourg subsidiary, The Blockchain Group Luxembourg SA.  The operation will enable the company to acquire approximately 590 BTC based on current prices, raising its total potential holdings to around 1,437 BTC. According to data from Bitcointreasuries, the firm currently holds 847 BTC. According to the Blockchain Group, 95% of the proceeds will be allocated for Bitcoin purchases, while the…

Dogecoin’s price could be on the verge of a strong breakout as a bullish flag forms, whale accumulation accelerates, and the funding rate remains positive. Dogecoin (DOGE), the biggest meme coin in crypto, was trading at $0.2280 on Tuesday, up by 75% from its lowest level in April.  Technical analysis points to Dogecoin price surge The daily chart suggests DOGE may be approaching a bullish breakout. It is forming a bullish flag pattern, characterized by a vertical rally followed by a consolidating rectangle. This setup is typically associated with continuation to the upside. Dogecoin is also about to form a…

Ethereum is consolidating under a critical resistance level with its bullish structure intact. If volume supports the breakout, ETH could rally toward $4,000 in the next impulsive move. Ethereum’s (ETH) current price action is forming a bullish continuation pattern just below the $2,700 resistance level. The market has shown strength following a recent swing low, and price is compressing into a high-conviction breakout setup. The structure suggests growing momentum, but confirmation will depend on how price reacts at this major level. Key technical points $2,700 Resistance Level: ETH is consolidating just beneath this horizontal resistance, which has held for weeks.…

Cetus, a trading platform on the Sui blockchain, has suffered a loss of $223 million in a major hack that occurred on 22nd May. In a recent report, the firm has revealed that the hack occurred because of a hidden mistake in a piece of open-source code that the firm used for its smart contract. This inaccuracy of the firm has made its security system weak, and hackers were able to steal the money. The firm admitted its mistake. It stated that the flaw in the code allowed hackers to steal funds. The incident has raised concerns, highlighting how risky it…

SharpLink Gaming is raising $425 million in a private placement to adopt Ethereum as its primary treasury asset, with Ethereum co-founder Joseph Lubin joining as Chairman. The PIPE (private investment in public equity) round includes 69.1 million shares priced at $6.15 each ($6.72 for management), with Consensys Software Inc., founded by Ethereum co-founder Joseph Lubin, as the lead investor.  Other participants include leading crypto venture firms like ParaFi Capital, Pantera, Electric Capital, Galaxy Digital, and Arrington Capital, according to a company release.  Upon closing, SharpLink plans to adopt Ethereum (ETH) as its primary treasury reserve asset, a strategy reminiscent of…

Despite their convenience, centralized crypto exchanges have repeatedly proven to be high-risk platforms. From massive hacks and internal fraud to abrupt government crackdowns, the dangers of holding your crypto on exchanges are real—and often devastating. Still, many investors leave their digital assets in the hands of third-party platforms, trusting that these businesses will manage their funds securely. But here’s the uncomfortable truth: holding your crypto in an exchange isn’t the same as owning it. It’s more like giving someone else your wallet and hoping they won’t lose it, abuse it, or have it seized. This article explores the hidden dangers…

Standard Chartered believes that Solana will likely underperform Ethereum in the coming years due to its overreliance on memecoins. Investment bank Standard Chartered sees Solana (SOL) almost doubling by the end of the year. Still, even at those levels, it will likely underperform Ethereum (ETH). On Tuesday, May 27, Geoff Kendrick, Standard Chartered’s Head of FX and Digital Assets Research, shared his insights on Solana over the next two to three years. Kendrick projects Solana could reach $275 by the end of 2025, up from its current level of $176.72. By 2029, Solana could trade as high as $500. However,…

Huma Finance’s native token, HUMA, has plunged 45%, wiping out post-launch gains, though the token continues to attract attention with trading volume still exceeding $600 million. Huma Finance (HUMA) has erased its post-launch gains, plunging 45% in the past 24 hours and currently trading at $0.062. This follows a spike to $0.12 after its Token Generation Event on May 26. Despite the price drop, trading volume remains strong, exceeding $600 million in the past 24 hours. HUMA was launched via Binance Launchpool, where users could farm the token by staking Binance Coin (BNB), FDUSD, or USD Coin (USDC) between May…

Alpaca Finance, a popular decentralized finance (DeFi) platform, said it will shut down and stop all its services. The firm announced its decision to shut down because it was losing money and facing tough competition in the DeFi world. The firm went through ups and downs in four years in two crypto markets, which made things tough for it. Therefore, the team decided to shut down. The firm had a big name on the BNB Chain and was known for leveraged yield farming, where users could borrow cash to increase their earnings from crypto farming. The platform was a key player when…