Author: Yeek.io

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…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum‘s ongoing bullish action hasn’t fully faded yet as the general crypto market builds momentum. While Ethereum’s price has displayed a brief surge, the network continues to show weakness in user engagement, even with recent key updates meant to boost the network’s performance and appeal. On-Chain Engagement With Ethereum Lagging A leading on-chain data analytics platform, Glassnode, shared a recent worrying report about the Ethereum network. ETH’s price may have displayed signs of resilience in the midst of ongoing market fluctuations, but the network activity tells a…

Maple Finance token retreated on Wednesday even after Bitcoin soared to a record high and the developers announced major changes to its network. Maple (SYRUP) price dropped for three consecutive days, reaching a low of $0.3460—down 9.40% from the year-to-date high of $0.3845. In a statement, Maple said it would consolidate all its institutional and permissionless offerings under the Maple brand. This change means that Syrup will no longer operate as a standalone protocol. Instead, its syrupUSDC asset will become a Maple product available to all eligible on-chain participants. The Blue Chip and High Yield Secured Lending offerings will continue…

VILNIUS, Lithuania, May 21st, 2025, Chainwire BTCC, one of the world’s longest-serving cryptocurrency exchanges, today announces the appointment of Dan Liu as its new Chief Executive Officer. Liu, who previously served as Chief Research Officer at BTCC, brings extensive expertise in both traditional finance and cryptocurrency markets to his new role. As BTCC approaches its 14th anniversary in June, Dan Liu’s appointment as CEO marks a new chapter for the exchange. Under his leadership, BTCC aims to build upon its legacy as the world’s most established crypto exchange while pursuing sustainable growth. This vision will carry BTCC confidently into the…