Author: Yeek.io

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum founder Vitalik Buterin has made a case for ETH to be used as a cash substitute amid growing concerns of cash extinction in some Nordic nations. However, Buterin noted what needs to happen before the altcoin can achieve such a level of adoption.  Ethereum Founder Proposes ETH To Replace Cash In an X post, the Ethereum founder put forward the idea of ETH replacing cash in nations that are adopting a cashless system. This came while he was commenting on how the Nordics are reversing their…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum has gained bullish traction with the crypto asset reclaiming and surging past the $2,600 price level as Tuesday drew to a close. ETH’s recent upward performance has been attributed to several key factors in ETH’s market dynamics, including the Open Interest (OI). A Sharp Uptick In Ethereum Open Interest As Ethereum’s price shows signs of upside strength, a crucial shift has occurred in its market dynamics. During this recent upside performance, ETH’s derivatives market is heating up as evidenced by a sharp rise in its open…

BIMA, a decentralized finance protocol focused on Bitcoin-backed stablecoins and yield strategies, has partnered with exSat, a Bitcoin banking provider and layer-2 network, to help accelerate the adoption of Bitcoin-based DeFi. The two platforms announced their strategic partnership on May 28, 2025 amid the high-profile Bitcoin (BTC) conference in Las Vegas, BIMA and exSat’s quest to bolster Bitcoin’s decentralized finance ecosystem begins with an initial deployment of $100 million in BTC. Growth will see the platforms scale this deployment from 1,000 BTC to over 5,000 BTC worth $500 million. The partnership follows BIMA’s recent mainnet launch, during which it introduced…

May 28, 2025The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week.👉 TLDRSIP-415 Withdrawn: Proposal to Acquire DeriveProposal aimed to integrate Derive’s off-chain matching engine to accelerate Synthetix’s Mainnet derivatives offering.Valued Derive at ~$27M with a proposed 27 DRV <> 1 SNX exchange ratio, funded by minting 29.3M SNX.Withdrawn after feedback from stakeholders and the community.Why It Was WithdrawnCommunity consensus did not materialize.Stakeholders raised questions around valuation and deal structure.Governance alignment is core to Synthetix’s process — without it, the proposal could not move forward.SNX Staking Relaunched via 420 Pool…

RedStone, the oracle provider behind several real-world asset initiatives, has expanded to Solana, unlocking institutional-grade asset data for DeFi builders.  The integration brings tokenized funds like Apollo’s ACRED and BlackRock’s BUIDL onto Solana’s (SOL) high-speed network through a partnership with Securitize and Wormhole Queries. This move marks a shift from simple asset tokenization to full composability, enabling these RWAs to be used in lending protocols, vaults, and other DeFi applications.  The first application, Drift Institutional, is expected to integrate RedStone’s (RED) feeds, setting the stage for broader institutional access to Solana-native DeFi. “This is a foundational step in making RWAs…

Floki continues to trade in a bullish structure while holding firm against broader market weakness. With key confluences at support, the stage is set for a potential surge toward the channel high. Despite current market-wide corrections, Floki (Floki) has shown notable resilience. Price action remains bullish, as it continues to move within a rising trading channel that has held since March. This structure has consistently produced higher highs and higher lows, with price respecting the lower boundary of the channel on multiple occasions. Each retest has resulted in a bounce, reinforcing this zone as a critical support level. Currently, Floki…

Bitfinex analyst Jag Kooner believes that Bitcoin and Ethereum are driven by the macroeconomic environment, which is pushing them to new highs. Despite recent volatility, Bitcoin (BTC) and Ethereum (ETH) may be heading for another move higher. According to Jag Kooner, Head of Derivatives at Bitfinex, the current macroeconomic environment is favorable for digital assets. In particular, traders are looking at Federal Reserve guidance and consumer spending data, the Bitfinex analyst shared in a note with crypto.news on May 28. For one, the Fed is under pressure from the potential inflationary effects of tariffs. If the Fed is worried about…

Polygon Labs and crypto trading firm GSR have teamed up to launch Katana, a new DeFi-focused blockchain built to fix one of DeFi’s biggest problems: scattered liquidity. It’s already live in a private phase, with a public launch planned for late June 2025.Katana is the first chain on Agglayer to use the CDK OP Stack, ushering in a multistack era for Polygon’s zero-knowledge-powered interoperability layer. The chain has been developed with support from Conduit, which handles the rollup and sequencing infrastructure, and is a graduate of Polygon’s Agglayer Breakout Program, which helps launch high-impact projects.Most DeFi platforms have liquidity spread thin…

The TD Sequential buy signal emerges as DOGE consolidates near range support and long positions dominate. Liquidation risk remains elevated, with weak spot flows and falling open interest undermining bullish momentum. Dogecoin [DOGE] triggered a TD Sequential buy signal on the hourly chart, suggesting the potential for a short-term price rebound.  This development comes as DOGE hovered near $0.222—its key support inside the well-worn $0.21–$0.26 range. Historically, TD setups near range bottoms have foreshadowed reversals. However, while technical indicators show early recovery signals, broader market conditions and leveraged positions raise critical questions about the sustainability of any rally in the…

Quick take: The latest funding brings the total raised to $53 million, according to the announcement on Wednesday. Conduit aims to make cross-border payments faster, cheaper and more reliable for businesses worldwide. The platform also helps its clients exchange local currencies for stablecoins and vice versa. Conduit, a stablecoin payments platform, has raised $36 million in a Series A round co-led by Dragonfly and Altose Venture. The Fundraising also attracted participation from Sound Ventures, DCG, and Commerce Ventures. The fundraising brings the total raised to $53 million, according to the announcement on Wednesday. Conduit already supports 14 different fiat currencies…