Author: Yeek.io

Andrew Peel, who led Morgan Stanley’s digital asset markets unit, is departing to start a Zug-based venture bridging traditional finance and decentralized finance. Morgan Stanley’s head of digital asset markets Andrew Peel has left the bank to launch a new crypto venture, Bloomberg has learned, citing a person familiar with the matter. Peel, a former Credit Suisse trader, joined Morgan Stanley in 2018. He stepped down from his role in March and plans to start fundraising for his new venture in the coming months, per the sources close to the matter. The company will reportedly be based in Zug, Switzerland‘s…

One of the biggest promises of DeFi is the ability to earn passive income. In addition to eliminating the need for banks, brokers, or middlemen in transactions, the new financial system offered multiple ways to make your money work for you. One of these ways is via yield-bearing assets. In this article, we will explain how these assets work, what makes them different from regular cryptocurrencies, and most importantly, how you can use them effectively to grow your portfolio. Let’s get to it.  What Is a Yield-Bearing Asset in DeFi? Yield-bearing assets are crypto tokens or digital coins that automatically…

The number of Pepe holders at a profit rose as the price rallied higher, bringing fears of selling pressure. The rally could see some consolidation in the coming weeks, but it has not yet ended, and traders should not be looking for a reversal here. Pepe [PEPE] was an impressive performer in the memecoin market, up 87% in the past week. The powerful rally was accompanied by increased whale activity. This could signal buying pressure, but the Santiment metrics AMBCrypto investigated here suggest some of it could be profit-taking. PEPE breaks above yet another key resistance level- is it time…

Twenty One Capital has added another 4,812 Bitcoin to its treasury after a fresh purchase by major backer Tether ahead of a planned Special Purpose Acquisition Company merger. On May 9, Tether acquired the BTC at an average price of $95,319 per token and transferred the assets to an escrow wallet, as revealed in a May 13 filing with the US Securities and Exchange Commission. The purchase, worth roughly $458.7 million, brings Twenty One Capital’s total holdings to 36,312 BTC, placing it just behind Strategy and MARA Holdings in terms of corporate Bitcoin ownership. Tether is one of the leading…

Spheron is pioneering a bold vision: to build the world’s largest community-powered datacenter. At the core of this mission lies $SPON, the utility token that will power the Spheron ecosystem. Through the Road to TGE campaign, Spheron invites early believers to participate in a multi-phase initiative that rewards engagement and aligns incentives for long-term decentralization and growth. Understanding the Road to TGE Campaign What Is Road to TGE? The Road to TGE (Token Generation Event) campaign is Spheron’s flagship community initiative to bootstrapping the network through strategic community engagement. Participants can complete missions, earn points, secure whitelist spots, and ultimately…

  dogwifhat has rallied 114% in under a week. The range breakout and heavy demand signaled the token could go even higher. dogwifhat [WIF] was sailing higher on the back of heavy demand. The memecoin market was in a bullish frenzy, up 6.8% in the 24 hours preceding the time of writing. In a report a week ago, it was noted that WIF could rally 33% from the mid-range level to the range highs. These expectations were met, but turned out to be paltry compared to what ensued. dogwifhat has rallied 114% from the mid-range support at $0.54. Technical analysis…

Solana is back in the spotlight as it reclaims the $180 mark for the first time since mid-February amid rising decentralized finance metrics. Thanks to a solid technical setup and growing interest in its DeFi ecosystem, the price has increased 6% over the last day and 22% over the last week. Solana’s (SOL) open interest has also risen by 11.08%, as per Coinglass data. This implies that there are more traders entering the market with new contracts, which usually indicates growing investor confidence. According to DeFiLlama data, Solana’s total value locked increased from $7.5 billion at the beginning of May…

GDC plans to raise $300 million to build a crypto treasury with Bitcoin and TRUMP tokens. Solana pushes for on-chain equity, rivaling traditional exchanges like Nasdaq and NYSE. GD Culture Group (GDC) has announced plans to raise up to $300 million for a cryptocurrency treasury reserve. The Nasdaq-listed firm operates in livestreaming, e-commerce, and AI-driven digital human technology. It revealed the funding initiative through a stock purchase agreement with a British Virgin Islands-based entity. According to its statement on the 12th of May, proceeds will be used to acquire leading digital assets. These assets include Bitcoin [BTC] and the Official Trump…

In another major move, today a proposal has been raised for the acquisition of Derive, a leading decentralised options platform and former Synthetix ecosystem project. The transaction, outlined in SIP-415, marks a major step in consolidating product, talent and token economy into a single, unified derivatives protocol on Ethereum mainnet.Pending approval by the Spartan Council and Derive governance, the deal will be structured as a token exchange at a 27:1 DRV-to-SNX ratio, valuing the deal at approximately $27 million USD. To facilitate this, Synthetix will issue up to 29.3 million SNX tokens (3-month lock-up and 9-month linear vesting) in order…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The Ethereum price has crossed the $2,400 mark for the first time since March of this year, marking a significant recovery for the second-largest cryptocurrency by market capitalization.  This surge represents a remarkable 50% increase over the past month,…