Author: Yeek.io

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…

CAKE price surged over 30% in the past month as traders are increasingly incentivized to buy and hold CAKE in order to qualify for real-time fee discounts enabled by the recently integrated trustless hooks on PancakSwap Infinity. PancakeSwap (CAKE) has seen 30% jump in the past month, currently trading at $2.67. The surge is likely buoyed by the recent integration of the Brevis trustless hooks on PancakeSwap Infinity. The Brevis Hooks system enables PancakeSwap Infinity to offer personalized, dynamic trading fees that are fully enforced by onchain logic—eliminating the need for staking, which is usually required on exchanges where users…

Over 12 suspects, including minors, have been taken into custody by French police in connection with recent crypto-related kidnapping cases in Paris. A report from local media claims that the arrests were carried out on the morning of 27 May by the Brigade de Répression du Banditisme (BRB), France’s specialised anti-gang unit. The suspects, including several minors, were detained in coordinated operations across Île-de-France and Loire-Atlantique with assistance from other police units. Authorities believe the two high-profile kidnapping attempts, one involving the father of a crypto entrepreneur and another targeting the daughter of a crypto exchange CEO, are linked. Investigators…

DOGE’s OI remained stable, indicating trader repositioning in derivatives. Are all the signs pointing to a classic stealth phase? Dogecoin [DOGE] continues to bleed under pressure, caught in a cascade of long squeezes that’s kept it pinned in the red. But beneath the surface, something interesting is unfolding.  Despite the downside volatility, Open Interest (OI) has remained range-bound between $2.65 billion and $3.70 billion, signaling that liquidity isn’t exiting the market. Instead, derivatives traders are quietly repositioning. On-chain, however, both new and daily active addresses are flat. In other words, there’s no sign of crowd-driven momentum yet – no “hype”…

Blockchain.com appears to be betting on Africa’s crypto future, where regulations could transform a once-restrictive market. Crypto wallet and exchange platform Blockchain.com is reportedly looking to grow in Africa as some countries begin introducing regulations for digital assets, Bloomberg reports. According to Owenize Odia, Blockchain.com’s general manager for Africa operations, the company is focusing on Nigeria, Ghana, Kenya, and South Africa, with plans to open a physical office in Nigeria in Q2. Nigeria is Blockchain.com’s “fastest-growing market” in West Africa, Odia said, adding that the country “has taken meaningful steps toward creating a clear framework for crypto.” While most African…

Former U.S. Commodity Futures Trading Commission Chairman Christopher Giancarlo has joined Swiss crypto bank Sygnum as a senior policy advisor. Giancarlo, who led the CFTC from 2017 to 2019, will be advising Sygnum on global regulatory developments and strategic partnerships, the company said in a May 27 announcement. His appointment comes as institutional interest in digital assets continues to rise, with growing regulatory clarity in key markets.  Giancarlo will join Sygnum’s Advisory Council, a 12-member body that seats other industry leaders such as BlackRock Vice Chair Philipp Hildebrand and MIT’s Alexander Lipton. Sygnum, based in Switzerland and Singapore, is one…

  WIF has a bullish long-term outlook, but investors will need to wait a while longer The short-term range formation, and Bitcoin leading the market, meant WIF bulls must wait their turn dogwifhat [WIF] was trading within another range after challenging a resistance from earlier in the year. Its technical indicators were not strongly bullish, but buyers retained the upper hand. dogwifhat has reversed its downtrend since December. The memecoin saw a breakout after forming a range near the $0.4 lows (purple). This rally was halted at the next resistance at $1.18, which was the lower high of the downtrend…

Once a top protocol on BNB Chain, Alpaca Finance will discontinue leveraged yield farming, stablecoin services, and its perpetual exchange by December. Alpaca Finance, a decentralized finance project known for leveraged yield farming on BNB Chain, is shutting down after four years — and while the team says it’s the “most responsible” move for the community, the market didn’t take it well, with ALPACA (ALPACA) falling nearly 30% to $0.1126. In a blog post late Monday, the Alpaca Finance team said it had made “the incredibly difficult decision to begin sunsetting Alpaca Finance and all of its products,” citing shrinking…