Author: Yeek.io

Ethereum price dropped on Monday as risk-off sentiment continued in the crypto and stock markets, and after a whale capitulated at a significant loss. Ethereum (ETH) fell to $2,400 on Monday, down from this month’s high of $2,732. The decline wiped out $35 billion in market capitalization, which dropped from $325 billion on May 14 to $289 billion. ETH retreated after a large holder capitulated. According to Lookonchain, the whale withdrew 7,000 ETH worth $16.8 million at a loss. Previously, the same address had withdrawn 13,479 ETH worth $48.82 million between Dec. 5 and Jan. 13. The whale still holds…

Sonic SVM chain on Solana is introducing a new burn mechanism to boost buying pressure on its token and liquidity. Solana-based (SOL) Sonic SVM (not to be confused with Sonic, formerly Fantom) is making a key change to its tokenomics. On Monday, May 19, in a press release shared with crypto.news, Sonic SVM announced an overhaul to its token burn model. Under the new mechanism, 50% of all transaction fees will be used to buy SONIC tokens on the open market. Sonic SVM is a Solana-based blockchain built using the Solana Virtual Machine. It acts as a sort of layer…

Tatsu Works is pulling the plug on Tatsumeeko: Lumina Fates, ending a three-year journey backed by $7.5 million in venture capital. Blockchain game developer Tatsu Works said it’s stopping the development of its MMORPG-lite title “Tatsumeeko: Lumina Fates,” three years after raising $7.5 million in venture funding. 📜 Embracing What’s Next For TatsuToday, we’d like to share a difficult decision. The Tatsu team has discontinued the development of Tatsumeeko. However, we’re still here. With sharper focus and hard-won lessons, we’re working on Project: Wander, a new experience designed… pic.twitter.com/f5esIasfdt— Tatsumeeko (@tatsumeeko) May 19, 2025 The Singapore-based company said in a…

A significant amount of SHIB was burned in the last 24 hours, decreasing the available supply in the market. Buying activity has since surged in the spot market, with U.S. investors adding to the catalyst. Shiba Inu [SHIB]  has remained on the low end despite the bullish sentiment in the market. The asset has lost 2.96% within this period, bringing its weekly loss down to 16%. With bullish sentiment in the market continuing to grow, SHIB will likely overturn the loss and ignite a bull run. This is how it could play out. Massive SHIB removed from the market In…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s brief upswing on Sunday was met with significant resistance at the $2,600 price, which triggered a bearish wave, pushing its price back to $2,360. While its price is demonstrating weakening momentum, reports show that several ETH key metrics have moved into positive territory. A Positive Turnaround For Ethereum’s Market Dynamics  In a surprising turn of events, Ethereum’s Market Value to Realized Value (MVRV) indicator has turned bullish after weeks of trending bearish. Seasoned technical and on-chain expert Ali Martinez reported the development in a recent post…

What started as an X rant of a crypto investor blaming Binance Alpha for raking airdrops while leaving testnet users with negligible rewards turned into a discussion, an open letter to Binance, and a trending hashtag #StopBinanceAlpha.  Binance Wallet’s dominance Primitive Ventures founder Dovey Wan emphasized the fact that Binance Wallet became a dominant power in the swap market after the shutdown of OKX Wallet due to its use by North Korean hackers. In her X post, Wan called Binance Wallet a MetaMask killer and brought up an 80% market share evaluation. Nobody on CT is talking about this, but…

SunPump memecoin launchpad has partnered with BingX, adding to its growing list of CEX collaborations and ecosystem-wide initiatives aimed at boosting TRON memecoin ecosystem. In its official May 19 post on X, SunPump, a memecoin launchpad built on the TRON (TRX) blockchain, announced it had partnered with BingX, the twelfth top centralized crypto exchange, according to CoinMarketCap rankings. While the specific details of how BingX will support SunPump’s memecoin ecosystem are unclear, the announcement said that the aim of this partnership is to “boost the visibility of TRON meme projects, unlocking new opportunities for liquidity, community engagement, and cross-ecosystem synergy.”…

Running an Ethereum full node might soon get a lot lighter, thanks to a new “partial stateless” approach. As Ethereum (ETH) scales, Vitalik Buterin is looking for ways to make running a full node — which currently demands over 2 TB of disk space — more manageable. On Monday, the Ethereum co-founder shared a new post on the Ethereum Magicians forum discussing the challenges of scaling the base layer. While many discussions around L1 gas limits focus on network safety, Buterin pointed to another concern: that increasing the gas limit makes it “harder to run a full node.” While zero-knowledge…

MOODENG is showing strong signs of a potential breakout, with bulls eyeing a possible 85% rally as momentum builds from both technical indicators and increasing whale accumulation. According to data from CoinGecko, the Ethereum-based version of MOO DENG (MOODENG) was up about 15.5%, trading around $0.000050 on May 19, afternoon Asian time. That puts it up nearly 180% from its lowest point this year, and gives it a market cap of roughly $11.39 billion. This recent price jump was backed by strong trading activity. Daily volume surged 130% over the previous day, hitting more than $12 million, a clear sign…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In theory, self-custody wallets represent the ultimate form of financial freedom. In practice, they are the reason most people give up on crypto. Losing access, dealing with seed phrases, and navigating confusing interfaces is not empowering. Web3 continues to preach financial sovereignty, but most people just want to send money without feeling like they are solving a puzzle. The web3 ecosystem has placed ideology ahead of usability. The promise of decentralization and user control is compelling, but…