Author: Yeek.io

Quick take: The strategic alliance with Galaxy comes amid the continued institutional adoption of digital assets. Sonic Labs plans to leverage Galaxy’s network of over 1,300 institutional trading companies to bridge the gap between traditional finance and high-performance blockchain infrastructure. Sonic Labs has announced a $10 million strategic investment from Galaxy. The company initially announced the funding at Sonic Summit in Vienna, Austria last week, as per an announcement seen by NFTgators on Monday. The EVM-compatible high-performance Layer-1 blockchain plans to use the capital to accelerate market penetration in the U.S. and enhance its decentralised finance (DeFi) offerings in the…

The Doodles community is abuzz over the possibility of a new NFT collection, the Doopies, which has yet to be officially confirmed by the team.Despite this, a screenshot from the official Doodles App have begun circulating, drawing attention to a potential expansion of the Doodleverse. The characters, which are described as quirky and eccentric, have sparked both excitement and concerns.In addition to this speculation, the launch of the DOOD token on May 9, has also raised questions about the direction of the project. Whilst the token is part of an effort to expand the Doodles ecosystem, its initial performance has…

Quick take: David Bailey, the founder of BTC Inc and UTXO will lead the combined company as CEO. KindlyMD will continue to trade publicly as KDLY on Nasdaq, which will change when a new name for the company is formed. Tim Pickett, CEO and founder of KindlyMD, will continue to manage KindlyMD’s healthcare operations. Healthcare company KindlyMD has announced a merger with Trump’s crypto advisor David Bailey’s bitcoin-native company Nakamoto. The new company also announced a $710 million funding, comprising $510 million in private investment in public equity (PIPE) and a $200 million convertible note. Shares of KindlyMD (NASDAQ: KDLY)…

George Town, Cayman Islands, May 12th, 2025, Chainwire At its Sonic Summit in Vienna from May 6–8, Sonic Labs announced the completion of a $10 million strategic sale of its S token to Galaxy, a global leader in digital assets and data center infrastructure. This investment strengthens Sonic Labs’s position in the U.S. market and provides critical support for its decentralized finance (DeFi) ecosystem development. Strategic Partnership The strategic investment from Galaxy represents a significant milestone for Sonic Labs as it continues to expand globally. The partnership is expected to accelerate Sonic Labs’s market penetration in the United States while…

Bonk price has rallied by triple digits after bottoming out at $0.000008870 in April, mirroring the performance of other popular Solana meme coins. Bonk (BONK) Bonk price has rallied by triple digits after bottoming out at $0.000008870 in April, mirroring the performance of other popular Solana meme coins. This rally is part of a broader rebound among Solana meme coins, with the collective market cap of these assets rising from $6 billion in April to $15 billion today. Bonk has also rallied as investors have embraced fear of missing out. SolScan data shows that the number of BONK holders is…

Bitcoin mining has undergone a massive transformation in 2025. Gone are the days when miners needed to invest in expensive hardware, worry about maintenance, or deal with high energy bills. With the advent of AI-powered cloud mining platforms, such as FioBit.com, earning Bitcoin has become easier, more efficient, and cost-effective. This article will explore some of the leading AI-optimized mining platforms of 2025 that allow you to earn passive Bitcoin income without any upfront hardware costs or complex setups.The Rise of AI-Powered Cloud MiningIn recent years, cloud mining has grown in popularity, offering a solution for those who want to…

  WIF has surged by 42.9% over the past day to hit $1.27. dogwifhat’s RSI reaches overbought zone signaling looming volatility. Since hitting a low of $0.53 a week ago, dogwifhat [WIF]  has experienced a strong price upswing. Over this period, the memecoin has broken out of a 5-month-long downtrend. In fact, over the past seven days, WIF has surged by 127.24%. At the time of writing, WIF was trading at $1.27. This marked a 42.9% increase on daily charts, reaching a 4-months high. Such massive price hikes raise questions about what exactly is driving prices up. What’s driving dogwifhat’s…

In a statement on X, DeGods co-founder Frank DeGods – real name Rohun Vora – has announced that he is stepping down as CEO, with pseudonymous co-founder @0x_chill and @pastagotsauce taking over the role.Frank remarked that he’s “excited to hand the reigns to the team”, noting that “my chapter is closing, but the story isn’t over”. In a reflective moment, he would go on to state that “maybe we’ll look back at this fixation on “frank degods” as the thing that was holding us back”.The former CEO also clarified that he is not “on the run”, and that “there are…

Pepe Coin price continued its strong rally on Monday, reaching its highest level since January. Pepe (PEPE), the third-biggest meme coin after Dogecoin (DOGE) and Shiba Inu (SHIB), jumped to a high of $0.00001535, up 180% from its lowest level this year. The rally occurred as its 24-hour trading volume surged to over $3.2 billion, higher than the combined volumes of Shiba Inu, Official Trump, and Bonk. It also rose as demand in the futures market gained momentum, with open interest hitting a record high of over $662 million. This marks a significant increase from the March low of $165…

The cryptocurrency market continues to captivate investors worldwide, with a total market capitalization of approximately $3.51 trillion as of May 12, 2025. Bitcoin (BTC), Ethereum (ETH), and XRP remain at the forefront of investor attention, alongside other large-cap cryptocurrencies. Bitcoin Remains Stable Near $105kBitcoin, the flagship cryptocurrency, is trading at around $106,000, up 2% on the day. Its market dominance stands at 59.6%, underscoring its pivotal role in dictating market sentiment. The momentum is driven by optimism around macroeconomic developments and U.S. policy shifts, including discussions of a strategic Bitcoin reserve.Source: CoinGeckoHowever, Bitcoin has since pulled back, with analysts noting low…