Author: Yeek.io

Since the release of SIP-420, which changes how the Synthetix protocol manages debt, sUSD has navigated a period of instability as a stablecoin.While we are certain of the longterm value of sUSD as a central mechansim of Synthetix, this post recaps the steps that have been taken to help navigate the period of change, and formalises the next steps that will be taken to close the gap towards $1; including market-led protocol buybacks of sUSD.The RecapAs the market has responded to these SIP-420 changes, several measures have been observed and carried out which have softened the impact and corrected the…

Wintermute has officially entered the U.S. market with the launch of its New York City headquarters.  As part of its U.S. push, Wintermute has appointed Ron Hammond as Head of Policy and Advocacy.  Hammond previously served as the Senior Director of Government Relations at the Blockchain Association and brings nearly a decade of policy experience, including authoring the Token Taxonomy Act while working on Capitol Hill, according to the company.  Wintermute is making strides in its global expansion and wants to become a key influence in the development of digital asset regulations in the United States. “With the regulatory climate…

Global digital asset bank Sygnum has added staked Solana (SOL) to its Lombard loan collateral portfolio for double earning potential on one asset.The Switzerland- and Singapore-based crypto bank says it has added SOL to its portfolio of over 20 tokens as eligible collateral for its Swiss Franc, Euro, Singapore dollar, and US dollar-denominated Lombard loans.According to the press release, this allows its institutional clients to leverage fiat liquidity and earn staking rewards at the same time, thus creating “dual-income potential from a single crypto asset.”Furthermore, the generated staking rewards cover the majority of the fees. This, the team says, makes…

Crypto was supposed to be the great financial equalizer, the revolution that gave power back to the people. No banks, no middlemen, no gatekeepers. Just a decentralized system where anyone, anywhere, could build wealth on their own terms. But here’s the plot twist: Instead of levelling the playing field, crypto wealth inequality has deepened. A handful of crypto whales, early adopters, and venture capitalists control the majority of the market, raising questions about wealth concentration in Bitcoin and whether Bitcoin distribution is fair or unfair. Rather than disrupting traditional power structures, the crypto ecosystem often mirrors them, limiting financial equity…

Pepe settled into a range formation over the past four days. The liquidation levels below the range low presented an attractive short-term price target. In an earlier analysis, it was reported that Pepe [PEPE] faced risks of profit-taking. The 61.8% Fibonacci retracement level at $0.0000145 has temporarily rebuffed the bullish advance. The memecoin had made exemplary progress beyond long-term resistance levels in May, but its momentum had stalled over the past four days. During this period, the bullish momentum of Bitcoin [BTC] has also slowed down. The altcoin market had been trending higher for a month, but saw some short-term…

Ethereum is doubling down on security as tokenized real-world assets gain traction across global markets. On May 14, the Ethereum (ETH) Foundation announced the launch of an initiative called “One Trillion Security”, which aims to make the network resilient enough to safely support trillions of dollars in assets. The network will benefit all kinds of users from individual savings to corporate treasuries and potentially government-issued instruments. The Foundation stated that as more value flows on-chain, the system needs stronger protection at every level. from user wallets and smart contracts to validators and the base protocol. This push comes as tokenization…

Al Abraaj Group has become the first publicly listed company in the Middle East to adopt Bitcoin as a treasury asset, following in the footsteps of MicroStrategy and Tesla. Bahrain’s Al Abraaj Group has become the first public company in the Middle East to add Bitcoin to its corporate treasury, kicking things off with a purchase of 5 Bitcoin (BTC) and saying it plans to buy more in the future as part of a new long-term strategy. In a Thursday press release, Abdullah Isa, head of the Bitcoin Treasury Committee at Al Abraaj, said the initiative reflects the company’s “forward-looking…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows the Ethereum Exchange Netflow has remained negative during the past week, a sign that could be bullish for ETH. Ethereum Exchange Netflow Suggests Trend Of Withdrawals In a new post on X, the institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has talked about the latest trend in the Exchange Netflow of Ethereum. The “Exchange Netflow” here refers to an on-chain metric that keeps track of the net amount of the cryptocurrency moving into or out of the wallets associated with centralized platforms. When the…

Tallin, Estonia, May 15th, 2025, Chainwire Sportsbet.io, the crypto-led sportsbook, has launched a major giveaway offering users the chance to win 1 million stablecoin, USDT, as the UEFA Champions League enters its decisive final stages. Open to all verified users of the platform, the initiative requires a 1 USDT entry fee. Participants must correctly answer a set of twenty football-focused questions. Those who submit all correct answers may be eligible to claim the full 1 million USDT prize. The launch is timed to coincide with the conclusion of the 2024/25 UEFA Champions League season, one of the most-watched sporting events globally.…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Ethereum’s (ETH) dominance as the foundational layer faces a nuanced challenge. While it focuses on making its underlying tech better and faster, other networks, primarily Solana (SOL) in this case, have seen a huge growth in the number of apps people can use. This makes us wonder whether Ethereum’s current way of doing things is helping or hurting its ability to attract and keep the people who build these apps. New app ideas face many tough questions…