Author: Yeek.io

BlackRock’s tokenized money market fund, BUIDL, has officially made its entry into the decentralized finance sector. In a May 15 post on X, Euler Labs confirmed that sBUIDL, a token backed 1:1 by BlackRock’s BUIDL and issued by Securitize, is now live on the Euler protocol. This marks sBUIDL’s first direct integration with DeFi. The integration was curated by Re7 Labs and is live on Avalanche (AVAX). Users can now use sBUIDL as collateral to borrow USD Coin (USDC) or AUSD, while also earning AVAX incentives. Euler, often described as a “lending super app,” gives institutions the tools to launch…

DOGE’s sharp correction has reignited its appeal as a high-volatility, short-term play. The memecoin may be quietly setting the stage for a bear trap. Dogecoin [DOGE] is barking back into the spotlight.  After soaring to a three-month high of $0.259 on the 11th of May, it’s pulled back nearly 14% in under a week, drawing attention from opportunistic traders.  Over $14.17 million in long liquidations suggests bears are currently in control, aggressively hunting overleveraged longs. Still, the sharp correction may signal more than just weakness.  Zooming in, this swift drawdown could be a classic bear trap setup as DOGE reloads…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s nonprofit arm rolled out a major security drive on May 14. It aims to shore up wallets, smart contracts, and the network itself. The move comes as more money flows onto the blockchain, with a plan big enough to protect “trillions” in digital assets. Initiative Scope And Goals According to the Foundation, the effort is called the Trillion Dollar Security Initiative. It has three steps. First, the team will scan everything from wallet design to consensus rules. They’ll hunt for weak spots in code and in…

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.Celebrating Five Years of Innovation and GrowthOn May 11, 2020, DeFiChain minted its genesis block, igniting the spark of a revolutionary journey. Five remarkable years later, DeFiChain stands proudly as a pioneering blockchain ecosystem that uniquely integrates the best features of Bitcoin and Ethereum.Read more about it here.Community Update: Android Light Wallet AppDeFiChain Labs has been actively collaborating with core developers to regain critical access to the Android Light Wallet. Despite our…

BONK dropped 10% as profit-taking triggered a sharp market pullback. A drop in volume, spot demand, and positive overall activity hint at a quick price recovery. Bonk [BONK] dropped by a massive 10% over the last 24 hours, dropping to $0.00002208 at press time. While this drop was part of the overall crypto market shakeout during this period, profit-taking traders deepened it, as most bearish metrics appear temporary. Position size shrinks as traders sell BONK The position size of BONK in the market has seen a massive decline over the past 24 hours. At the time of writing, the Open…

Marinade’s MNDE token surged 30% after unveiling instant SOL withdrawals and a new creator rewards program, as Solana’s DeFi activity rebounds. Marinade’s governance token MNDE (MNDE) shot up nearly 30%, briefly hitting $0.17, as the Solana-based liquid staking protocol rolled out a wave of updates aimed at reviving community engagement and token utility. While it’s tough to pin the rally on a single catalyst, the timing lines up with several major developments. On May 15, Marinade’s DAO approved MIP.11, a proposal to direct 40% of performance fees from its Stake Auction Marketplace toward MNDE buybacks. Once implemented, the move could…

RIZE, the native token of the RWA tokenization project T-RIZE, saw a steep price drop just a day after going live on major exchanges. According to CoinGecko, RIZE plunged nearly 48% in 24 hours, trading around $0.046 as of May 16 morning Asian time. The price action follows just a day after RIZE secured a listing on tier-1 centralized exchange Kraken on May 15, 15:00 UTC, coinciding with its Token Generation Event (TGE) and mainnet launch. The token was launched on the Base blockchain, an Ethereum Layer 2 network developed by Coinbase. Alongside Kraken, the token also secured a listing…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Although Ethereum (ETH) is still trading nearly 50% below its all-time high (ATH) of $4,878, signs are emerging that the second-largest cryptocurrency by market capitalization may soon experience a “supply shock” due to dwindling reserves on major cryptocurrency exchanges like Binance. Binance Ethereum Reserves See Massive Fall According to a recent CryptoQuant Quicktake post by on-chain analyst Amr Taha, ETH reserves on Binance have been steadily falling since April 14. Taha noted that the exchange’s ETH reserves declined from slightly less than 4.2 million to 3.9 million…

Brazilian fintech company Méliuz has become the first publicly traded firm in Brazil and Latin America to adopt Bitcoin as a treasury asset following shareholder approval. In a statement issued on May 15, the cashback-focused firm, which serves over 30 million users, said it had officially changed its corporate purpose to include Bitcoin investments as part of its business strategy. The move was greenlit by a wide majority at an extraordinary general meeting earlier in the day. As part of the shift, Méliuz acquired 274.52 Bitcoin for approximately $28.4 million at an average price of $103,604.  The latest haul builds…

BRETT has a bullish swing structure on the 1-day chart. The increased selling pressure over the past five days showed that the memecoin could retrace further. Brett [BRETT] saw a 10% drawdown in the previous 24 hours of trading. According to CoinMarketCap, its trading volume has fallen by 37%. The Bitcoin [BTC] rally has slowed down over the past five days, with the king of crypto forming a short-term range. A deeper dip for BTC could force alts to shed some of their gains. While BRETT showed strong demand in recent weeks, its chances of a drop toward $0.063 or…