Author: Yeek.io

PEPE jumped 14% and became a top 5 gainer as the crypto market cap hit $3.5 trillion. Traders opened $15.94M in long positions near $0.00001611, showing conviction at key liquidation levels. Pepe [PEPE], the popular crypto memecoin, has been garnering significant attention from crypto enthusiasts following its recent performance and bullish price action. With a 14% upside rally, the memecoin has positioned itself among the top 5 gainers in the crypto market and has seen notable whale participation. Current market sentiment  As of 23rd of May, the total crypto market cap rose by 4.53% to hit $3.5 trillion. Naturally, this…

BRETT rose 2.32% in 24 hours, but volume fell 9.62% to $61M, indicating a weakening uptrend. Bullish sentiment, particularly in the spot market, has kept the memecoin trending upward against the odds. Over the last 24 hours, Brett [BRETT] recorded a modest 2.32% gain. However, the accompanying decline in market volume—down 9.62% to $61 million—adds a layer of caution to the current uptrend. The shrinking volume points to a cooling market environment, with limited signs of an imminent breakout or breakdown. This mirrors the broader indecision visible in current price action. AMBCrypto analyzes the factors around BRETT’s indecisive market stance.…

Hyperliquid Labs submitted two formal comment letters to the U.S. Commodity Futures Trading Commission (CFTC) on May 23 in response to recent calls for public input on the future of perpetual swaps and 24/7 derivatives trading.The letters come after the close of a month-long comment period on two regulatory initiatives launched by the agency in April.Hyperliquid Cites DeFi’s Capacity to Meet Market DemandsThe CFTC’s Requests for Comment (RFCs), titled “Request for Comment on the Use of Perpetual Swaps in U.S. Markets” and “Request for Comment on Round-the-Clock Derivatives Trading,” seek to explore regulatory approaches for continuous trading environments and new…

In a major blow to the Sui ecosystem, Cetus Protocol—a leading decentralized exchange (DEX) on Sui blockchain—suffered a massive $260 million hack on May 22, exposing major vulnerabilities in the platform as well as its fix igniting a fierce debate about decentralization in the crypto industry.  In the largest ever hack of this year so far, the hacker targeted an oracle bug in Cetus smart contract and drained over $260 million from liquidity pools. Cetus swiftly paused its smart contracts to prevent further losses, and Sui validators took unprecedented action by freezing and recovering $160 million of the stolen funds…

The Uniswap Foundation announced $140.3 million in revenue and $12.4 million in new grant commitments in its Q1 2025 financial report.  A report by Uniswap (UNI) Foundation on May 23 stated that the majority of the revenue came from a $140 million donation that was authorized by Uniswap governance, with the remainder coming from interest and dividends. As of Mar. 31, the Foundation held $53.4 million in USD and stablecoins, 15.8 million UNI tokens, and 257 Ethereum (ETH), totaling about $95 million.  Another 5 million UNI was used as collateral for a $29 million loan, giving the Foundation access to…

Astar Network has announced a dynamic new partnership with Animoca Brands, one of the world’s leading champions of blockchain gaming, digital property rights, and Web3 innovation. This alliance isn’t just a handshake — it includes a strategic investment from Animoca into Astar Network, further solidifying its position as a premier blockchain platform for bringing Japanese and Asian entertainment and gaming IP onchain. The move sets the stage for bold, scalable, and consumer-friendly digital experiences across Asia and beyond. Powering the Future of Onchain Entertainment with Animoca Brands: Animoca Brands has long been a pioneer at the intersection of digital ownership…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Since the past few days, Ethereum price action has been nothing but quite stunning after breaking past the key $2,400 resistance level that previously hampered upside attempts. ETH’s breaking past this level has provided some sort of stability to the current upward trend as the altcoin continues to record significant gains. A Historic Ethereum Daily Price Surge With the broader crypto market recovering strongly, Ethereum seems to have found its footing alongside other major digital assets. Considering its recent move, seasoned market expert and host of the…

A U.S. tourist was drugged and robbed in London by an Uber driver who made off with $123,000 in cryptocurrency. According to local media, the victim, 30-year-old Jacob Irwin-Cline, was visiting the UK on a short layover when the incident occurred.  After a night out in Soho, he called an Uber to return to his hostel, but instead, he ended up getting into a different vehicle with a driver who appeared to match the profile shown in his app. Cline told reporters that the driver, who introduced himself as “Mohammed,” flagged him down using the name saved in the Uber…

SAN FRANCISCO, May 22, 2025 — In a landmark move set to transform the way AI models are evaluated, LMArena, the leading open community platform for AI model assessment, has secured $100 million in seed funding. The round was led by a16z (Andreessen Horowitz) and UC Investments, with participation from a powerhouse of notable investors including Lightspeed Venture Partners, Laude Ventures, Felicis Ventures, Kleiner Perkins, and The House Fund. The funding coincides with the upcoming relaunch of LMArena’s fully rebuilt platform next week — promising a faster, sharper, and community-centric hub for rigorous, transparent, and human-centered AI model evaluation. Building…

Bitcoin and Ethereum ETFs registered more than a billion in net inflows, the highest level since November 2024. Bitcoin’s (BTC) all-time high has led to major inflows in crypto ETFs. On Thursday, May 22, net inflows for spot Bitcoin and Ethereum (ETH) exchange-traded funds were at more than $1 billion. This is the best performance that ETFs have seen since November 2024. Inflows in spot Bitcoin ETFs dominated, with a daily inflow of $934 million, which is their best performance since January 17. This brings the total assets under management of spot Bitcoin ETFs to $104 billion. Total Bitcoin spot…