Author: Yeek.io

Bitcoin is back above $103,000 and the largest crypto is eyeing a re-test of all-time highs above $109,588. At a time when nearly all tokens in the top 100 cryptocurrencies ranked by market cap are in the green, the market is abuzz with the debate of whether to stay or sell and go away in May? Millionaire exits are not uncommon in crypto and the meme coin bull run in 2024 was marked by Solana-based (SOL) meme token exits by traders. As Bitcoin (BTC) eyes a return to its all-time high, riding on the bullish sentiment from recent catalysts, macroeconomic…

Tron is benefiting from its integration with the most popular stablecoin, now holding over 50% of all USDT tokens. Tron (TRX) is once again leading in stablecoin adoption. As of Friday, May 16, more than 50% of all USDT tokens, the largest stablecoin by market cap, were hosted on the Tron blockchain. This means traders now hold more USDT on Tron than on Ethereum (ETH) and all other chains combined. According to TronScan, the total supply of USDT on Tron is currently over $75,7 billion. With USDT’s total market cap at approximately $151 billion, Tron has narrowly crossed the 50%…

The Northern Mariana Islands, a U.S. territory in the Pacific, has passed legislation allowing its island of Tinian to issue a government-backed stablecoin. On May 15, lawmakers in the Northern Mariana Islands House voted 14-2 to override Governor Arnold Palacios’ earlier veto of the bill. The House vote followed a May 9 decision by the territory’s Senate, which also overturned the veto with a 7-1 majority. The bill had originally passed unanimously through the Tinian delegation in March and was sent to the governor on March 12. The legislation authorizes the Municipality of Tinian and Aguiguan to issue a “Tinian…

EOS crypto is showing strong signs of recovery just days after officially rebranding to Vaulta, with several bullish signals flashing across its charts. EOS (EOS), now rebranded as Vaulta with the ticker ‘A’, surged to an intraday high of $0.85 on the afternoon of May 16 afternoon Asian time, snapping out of a 6-day downtrend that started on May 10. From its April lows, EOS has now climbed around 48%, lifting its market cap to roughly $1.27 billion at press time. Part of this rally is also being driven by strong on-chain activity. According to DeFiLlama, trading volume on EOS-based…

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…