Author: Yeek.io

Total crypto liquidations hit $972.22 million in 24 hours, with Ethereum, XRP, Dogecoin, and Solana among the most impacted Long traders were caught off guard in the largest liquidation event since February, following a public split between U.S. President Donald Trump and a former close ally and supporter Elon Musk. On June 6, a wave of liquidations totaling $972.22 million swept the market, according to data from CoinGlass. Over the last 48 hours, nearly $3 billion in long and short positions were liquidated. 24-hour liquidations heat map on June 6 | Source: CoinGlass Bitcoin and Ethereum led in total liquidation…

Solana’s native token, $SOL, is now live on Avalanche, powered by Wormhole’s Native Token Transfers (NTT) framework. The update was announced Thursday by the Wormhole team via X.Users can now transfer $SOL from the Solana network to Avalanche using the Wormhole Portal Bridge, unlocking access to Avalanche’s DeFi ecosystem and subnets while maintaining SOL’s native properties.Wormhole’s new tech lets SOL move to other blockchains without being wrapped. It stays in its original form, which makes transfers safer and more straightforward. The system is open-source and already running across several live projects.Now that SOL is on Avalanche, users can trade, lend,…

Memecoin launchpad Believe has introduced new security features to protect users from rugpulls and scams, including automatic and manual fee blocking on new tokens and a standardized “BLV” contract address suffix. Believe, the SocialFi memecoin launchpad formerly known as Clout, has rolled out new features designed to protect users against rugpulls and scam tokens. These include automatic fee blocking for the first 24 hours after a new token launch, a feature intended to deter immediate sell-offs often associated with rugpulls. The platform also enabled manual fee blocking for any new token, encouraging users to report suspicious projects quickly. Additionally, all…

Hi DeFiChain Community,Welcome to your weekly round-up of the DeFiChain ecosystem! It’s been another bustling week with plenty of developments. Let’s dive in and explore what’s new and exciting.Execution of Approved DFIPs for dCrypto Deprecation and Collateral Phase-OutTwo community-approved DeFi Improvement Proposals (DFIPs) will now be executed. They affect every dCrypto asset, introducing a structured phase-out from liquidity pools and vault collateral.Read more about it here.Exchange Update: DeFiChain (DFI) at Risk of Delisting from Gate.ioThe DeFiChain team has received notice from Gate.io regarding potential delisting of $DFI due to market liquidity concerns. We want to provide the community with transparent…

FARTCOIN defies the broader market slump after landing on Coinbase’s listing roadmap. But with whale accumulation cooling off, the rally risks fading into a classic liquidity trap. The crypto market is having a rough day. It is down over 2%, and memecoins are getting hit even harder, down nearly 7% in total, with their market cap slipping to $56.15 billion. But in the middle of the mess, one coin’s refusing to play along: Fartcoin [FARTCOIN]. It’s up over 14% and just reclaimed the $1 mark. But make no mistake, it’s not just random “hype”. Instead, this move comes right after…

In 2025, President Donald J. Trump signed an Executive Order to establish a strategic Bitcoin reserve and digital asset stockpile. This signals a new phase in how public-sector finance might evolve in the digital era. Several U.S. states are now taking similar steps to add Bitcoin and other digital assets to their balance sheets. New Hampshire became the first state to pass a law allowing it to hold bitcoin. Texas and Arizona passed bills related to digital assets, while Wyoming and Utah are exploring similar initiatives.  These moves reflect a growing interest in diversifying state assets and embracing digital innovation.…

Synthetix is returning to Ethereum mainnet to launch a perps exchange Launching the first perps DEX on Ethereum MainnetIn 2019, Synthetix led the move to Optimism, as Ethereum wasn’t scaling fast enough. While we solved scaling, what many of us underestimated was the impact of liquidity fragmentation from the proliferation of Layer 2 blockchains. The L2-centric roadmap diluted attention, activity and capital away from Ethereum mainnet and ETH the asset.This enabled more chains like Solana to capture mindshare.Finally the tide is turning. Validators, core developers, and even Vitalik are rallying the community to refocus on Mainnet. The missing component is DeFi projects…

A heated feud between Musk and Trump spawned KILL BIG BEAUTIFUL BILL, a memecoin that hit a market cap of over $53 million as traders piled into the hype. The feud between the two powerhouses has been simmering for weeks, but it finally boiled over after Musk publicly broke away from the Department of Government Efficiency (D.O.G.E.), the Trump-backed initiative he once led. Musk breaks with Trump over ‘Big Beautiful Bill’ Musk took to X on Tuesday to voice his frustrations, accusing Trump’s new “One Big Beautiful Bill” of reversing all the cost-cutting progress made by the department. In typical…

Pudgy Penguins has launched Pudgy Records, a new music label initiative, as its PENGU memecoin shows early signs of a potential breakout. Pudgy Penguins (PENGU) has launched Pudgy Records, a new community-driven music label aimed at expanding the brand’s cultural reach through music. Spearheaded by @danthelostboy, the voice behind the original Pudgy Penguins theme song, the label plans to produce viral anthems, full albums, custom theme songs, curated playlists, and collaborative content that amplifies the Pudgy brand. The label is now accessible across streaming platforms and social media, promoting its goal of putting a “Penguin song in your pocket. Anytime.…

A WLFI exec shorted the TRUMP memecoin amid tension across Trump crypto interests.  The memecoin recorded strong bearish sentiment in the Futures market.  Official Trump [TRUMP] dropped 9% on the 5th of June amid market volatility and bearish bets from the insider team at World Liberty Financials (WLFI).  Source: TRUMP/USDT, TradingView  Ogle, an advisor to the Trump family-backed DeFi project WLFI, reportedly opened a 10x leverage short ($2.71M) against the memecoin. At press time, the memecoin was down below $10, and Ogle’s liquidation price was about $12.489.  While Ogle’s move raised scrutiny across the crypto community, he defended his move as…