Author: Yeek.io

Cetus Protocol has finally shared good news after a huge $223 million theft on May 22, 2025. The hack upset many in the crypto world, but Cetus and the Sui Foundation’s quick steps helped the community calm down. The firm has stated its plan to pay back everyone who lost money. The firm will use its own cash and tokens, plus a loan from the Sui Foundation, to cover the losses and make sure users get all their money back. Cetus wants to pay back its users after a big hack, but it needs the Sui community to vote to unlock…

SPX6900 surged 24% to hit $1.0179, with trading volume jumping 184.91% to $140.21 million. A bullish RSI crossover supported momentum, but a pullback to $0.9073 is likely if profit-taking begins. SPX6900 [SPX] bounced off the $0.83 support earlier this week and hasn’t looked back. The memecoin rallied 24% in 24 hours, tagging a three-month high of $1.0179. As of this writing, it traded at $0.996—up 17.29% on the daily chart. Over the same period, SPX saw its trading volume skyrocket, surging by 184.91% to hit a total of $140.21 million. Spot market data confirms strong buy-side momentum Source: Coinalyze The…

Circle, the firm behind USD Coin (USDC), is poised to impact Wall Street with its upcoming U.S. IPO, targeting a $6.7 billion valuation. The company’s growth has been fueled by over $1.1 billion in funding from leading investors. Early backers included Accel Partners, General Catalyst, and Breyer Capital, with Goldman Sachs later joining in a landmark vote of confidence. The company’s $440 million funding round in 2021, one of the year’s largest fintech raises, supported global expansion and product innovation.In January 2025, Circle completed a strategic $100 million acquisition of Hashnote, a leading tokenisation platform and issuer of the U.S.…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure SharpLink Gaming, a prominent player in the gaming and technology sector, recently unveiled a strategic plan to allocate $425 million into Ethereum (ETH) reserves. This significant financial maneuver positions the company among notable institutions adopting cryptocurrency assets as part of their treasury strategies. The decision mirrors past instances seen in the crypto market, where firms leverage substantial digital asset investments for both financial stability and market positioning. Strategic Investment Details and Key Stakeholders Announced in a detailed securities purchase agreement, SharpLink Gaming plans to conduct a private…

On May 27, the Sui community initiated a seven-day onchain vote to authorize a critical transaction that could enable the full recovery of user funds lost during a $223 million exploit involving Cetus. If passed, the vote will allow for the transfer of compromised tokens to a newly established multi-signature wallet controlled by multiple ecosystem stakeholders.As of this writing, the proposal is on track for approval.Out of 56 validators who have cast their votes, 54 voted in favor and only 2 voted against, translating to 55.2% in support, 0.3% opposed, and 44.4% yet to participate.Source: Sui ExplorerWith both majority and…

Bitwise data shows Ethereum now handles more institutional stablecoin flows than retail retail trades. Ethereum (ETH) isn’t just for non-fungible tokens or and decentralized finance degens anymore. According to a new analysis from Bitwise Europe, the network’s base layer is quietly transforming into a heavyweight settlement system for institutional money — while retail activity shifts elsewhere. 𝐓𝐡𝐞 𝐀𝐥𝐭 𝐕𝐢𝐞𝐰🔎We see Ethereum evolving from a retail toll road to a freight terminal for institutional-grade use cases. The infrastructure is in place: blobspace, validator incentives, and governance upgrades.The challenge now? Activating demand.This chart breaks… pic.twitter.com/t2r27FCucE— Bitwise Europe (@Bitwise_Europe) May 28, 2025 The…

SPX6900 price surged 10% after breakout retest as bullish momentum builds toward $1.30. SPX6900 (SPX) price jumped 10% in the past 24 hours, currently trading at $0.97 while the trading volume is surging over 100%. The surge follows a key breakout retest yesterday, with the breakout itself taking place on May 22, when the price climbed above the previous resistance at $0.89, peaking at $0.93 on that day. Following that breakout, SPX price consolidated for a few days until today’s surge pushed it to break above $0.97 local resistance, which marked the upper boundary of the consolidation range, and peak…

The Australian Securities and Investments Commission has filed civil proceedings against former Blockchain Global director Liang “Allan” Guo over alleged breaches of directors’ duties linked to the collapse of ACX Exchange. According to a May 28 press release from the regulator, ASIC alleges that Guo was involved in the mismanagement of customer funds and failed to maintain proper records during his time at Blockchain Global, the now-liquidated operator of ACX Exchange. The civil penalty proceedings have been brought in the Federal Court. ASIC claims Guo made false and misleading statements about the handling of ACX customer assets and breached his…

Block, Inc. has announced the launch of the long-awaited Bitcoin payments feature for merchants on Square. The Jack Dorsey-founded company revealed the move at the Bitcoin 2025 conference in Las Vegas on May 27, where the new feature was showcased at the BTC Inc. merchandise store. The rollout is expected to begin in the second half of 2025, with full availability anticipated in 2026 for all eligible Square sellers, pending regulatory approvals. The feature will allow merchants using Square hardware to accept Bitcoin payments via the Lightning Network, Bitcoin’s layer-2 protocol designed for faster and lower-cost micro transactions. Customers will…

Virtuals Protocol appears poised for further gains backed by strong technicals and growing institutional interest. According to data from crypto.news, Virtuals Protocol (VIRTUAL) shot up 19% to hit an intraday high of $2.53 on Wednesday, May 28, during afternoon trading in Asia. This pushed its market cap close to $1.6 billion. With this move, the token is now up over 500% from its year-to-date low, showing strong investor interest. One key factor driving this rally is Grayscale’s recent announcement that it has added VIRTUAL to its newly launched Artificial Intelligence Crypto Sector Index. The index includes 20 AI-focused tokens and…