Author: Yeek.io

Pakistani lawmakers have endorsed the creation of a regulatory body to oversee the country’s blockchain-based financial infrastructure and digital asset ecosystem. Dubbed the Pakistan Digital Assets Authority (PDAA), the Ministry of Finance has approved its formation to supervise licensing, compliance, and innovation across the digital asset sector, according to a May 21 report from state-owned broadcaster PTV. The body will be responsible for monitoring operations of related entities such as crypto exchanges, custodians, digital wallets, tokenization services, stablecoins, and decentralized finance protocols. According to Finance Minister Muhammad Aurangzeb, the PDAA is part of a broader strategy to place Pakistan at…

Web3 is growing fast, but digital identity is stuck in silos. You’ve got an ENS for Ethereum, Lens for social, random wallet addresses for every chain, Twitter usernames, Discord handles… and none of it connects. Proving you are you across the stack is frustrating, confusing, and deeply fragmented. As the on-chain ecosystem scales, identity needs to scale with it, not in more pieces, but as one cohesive layer. The Solution: Snowball’s Modular Name Service (MNS) Snowball MNS is building a chain-agnostic, modular naming layer for Web3 — one name that works across wallets, dApps, chains, socials, and everything in between.…

There’s lots of buzz and chatter about building AI companies but very little know-how on how to do so. I thought I’d outline in this article what we’re doing for our new product line (following on from my last post around sunsetting our analytics product). Let’s begin! Even though you think you may know where this is going, you probably won’t, so make sure to read through!Most people get too caught up with “prompt engineering”. That’s jumping the gun when thinking about things in the AI world. Context comes first. However, when building systems you have to be systematic and…

Inflows surpassed outflows as BONK retested the breakout with rising derivatives interest. Positive funding and dense liquidation clusters hint at potential upward acceleration. Bonk [BONK] has successfully retested the upper boundary of a falling wedge pattern after breaking out of it on the daily timeframe. This move often signals the start of a sustained rally, especially when backed by increasing market confidence.  The ability to hold above this structure confirms strength and sets the stage for a possible upward extension. At the time of writing, BONK traded at $0.00002041, marking a 5.32% increase in the past 24 hours.    Source:…

At Synthetix, we value the voices of our community and stakeholders above all.  Following the submission of SIP-415 to acquire Derive, Synthetix has decided to withdraw the proposal after carefully reviewing feedback from stakeholders of both protocols and the broader community. The acquisition aimed to create a synergistic outcome by combining Synthetix’s on-chain expertise, market presence, and brand strength with Derive’s off-chain matching engine capabilities to deliver a leading decentralized derivatives trading platform. The intent behind the proposal was based on the expectation of strong community and stakeholder alignment, given the shared objectives of both protocols. However, community concerns regarding the…

TRUMP led the market in terms of gains in the past 24 hours, with sentiment turning positive. Futures traders were excessively bullish, and spot traders had stopped selling the asset. In the past 24 hours, Official Trump [TRUMP] has seen a major price surge, placing it among the top gainers in the market. It has recorded a gain of 12.40% within the period. Analysis shows, however, that the price rally could just be starting out, as market sentiment is shifting toward the path of a strong move upwards. More inflow — Is this the final confirmation? There’s been a major…

May 21, 2025The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week.👉TLDRSIP-415: Proposal to Acquire Derive (formerly Lyra)Strategic acquisition to expand Synthetix’s derivatives suite (Perps and future Options)$27M valuation; 27 $DRV <> 1 $SNX exchange ratioFunded by minting 29.3M SNX, pending dual council approval (Synthetix and Derive)Why Derive?DeFi Perps market has consolidated (HyperLiquid dominating)Brief window to launch competitive L1 Perps exchange before others go liveDerive brings tech and team; Synthetix adds brand, incentives, and liquidityWhy Acquire, Not License?Licensing adds risk; acquisition includes team and shortens V4 delivery timelineAccelerates…

Whale activity and technical pressure converge near $0.239 as DOGE consolidates. Rising MVRV and stock-to-flow metrics strengthen the current bullish narrative. Dogecoin [DOGE] has formed a tightening price structure near the $0.239 resistance, signaling a potential breakout that could push the price toward the $0.265 region.  This key level has acted as a strong ceiling recently, but momentum is steadily building. Supporting this setup, a 393.6 million DOGE transfer—worth over $89 million—was recorded between unknown wallets.  Dogecoin traded at $0.2252 at press time, reflecting a 1.63% gain in the past 24 hours. The combination of price compression and large capital…

SEC punted on XRP and DOGE ETFs until mid-June.  XRP’s market position was relatively strong, but DOGE was yet to reverse its downtrend.  On the 20th of May, the U.S. Securities and Exchange Commission (SEC) delayed a decision on Grayscale’s spot Ripple [XRP] and Dogecoin [DOGE] ETF (exchange-traded funds).  The regulator asked for additional time to review the applications and solicit public comments until the 17th of June. In April, the agency extended the deadline for similar applications for Bitwise DOGE ETF and Franklin Templeton’s XRP ETFs to mid-June.  According to Bloomberg’s ETF analyst James Seyffart, the delays were expected,…

Quick take: World claims that more than 26 million people participate in the World Network and more than 12.5 million people have an Orb-verified World ID. The company plans to use the capital to meet the increasing demand for Orb-verified World IDs and support its expansion in the U.S. and beyond. World Network believes its technology will become even more necessary to help distinguish humans from machines in the age of AGI. World Network has raised $135 million in a token sale to Andreessen Horowitz and Bain Capital Crypto at the [prevailing market price. The decentralised ID protocol plans to…