Author: Yeek.io

Quick take: The London-based decentralised perpetual futures exchange is being built by two founders who left the U.S. because of a lack of regulatory clarity. Perpl is using the EVM architecture from Monad to build its on-chain central limit order book. The company plans to launch its testnet by the end of this year. Purple has raised $9.25 million in a funding round led by Dragonfly with participation from Ergonia, Brevan Howard, Breed VC, L1D and CMS Holdings. Founded by two Americans who moved to the UK because the U.S. lacked a clear regulatory framework for digital assets, the London-based…

Quick take: It requires a minimum investment of $100,000 on most blockchains and $1 million on Ethereum. The fund token initially launched on Avalanche, BNB Chain, Ethereum and Solana networks. Pricing is updated daily using RedStone’s Oracle service, with assets held by State Street. Global asset management company VanEck has become the biggest traditional investment services provider to join the tokenisation race. On Tuesday, the company announced the launch of the VanEck Treasury Fund (VBILL), which can be accessed by buying the fund’s tokenised fund token on-chain. The fund is tokenised using the BlackRock-backed real-world asset tokenisation platform, Securitize. The…

Bonk is among the altcoins that saw a significant price dip early Tuesday as profit taking dented bulls’ momentum. The Bonk (BONK) crypto had jumped to highs of $0.0000256 as Bitcoin (BTC) broke to above $105k amid a U.S.-China trade deal announcement. But the flagship digital asset pared some of the gains and major altcoins followed suit. Bonk price slipped to lows of $0.0000209, with the Solana memecoin plummeting by more than 12%. The action mirrored other trending Solana meme coins and the broader crypto market. Notably, Bitcoin hovered near $103,400, having broken down from above $105k. Bitcoin and Ethereum…

Step into Sui’s vibrant NFT ecosystem, where gaming skins and real-world rewards are rewriting the rules. From Adidas’ virtual tracksuits to Claynosaurz’s quirky collectibles, discover what’s driving this blockchain’s rise. Curious about the impact on your crypto trades? Here’s the scoop on Sui’s next big wave.Imagine a blockchain that hums along, churning out transactions faster than a barista slinging espresso shots. That’s Sui—a Layer 1 network turning heads in the NFT world. Adidas is outfitting avatars, Claynosaurz is dropping dino-themed packs, and gamers are buzzing. This isn’t just hype. Let’s unpack why Sui’s NFTs are stealing the show, blending gaming…

Ever since Bitcoin first emerged, Web3 has been a breeding ground of innovation, creativity and financial independence. However, it’s also seen its share of rogues, scammers and bad actors. One man has made it his mission to investigate these bad apples and bring them to justice. That person is ZachXBT.Dedicating himself time to the task of probing on-chain fraud, ZachXBT has played a major role in uncovering some of the biggest scams, frauds and thefts in blockchain history. Whether relating to crypto, NFTs or digital collectibles, he has helped to shine a light on the more unsavoury elements of the…

San Jose, Costa Rica, May 13th, 2025, Chainwire DoubleUp is a blockchain-based casino platform operating on the Sui network, designed to integrate gaming with decentralized finance (DeFi) elements. It offers users a combination of real-time betting features and on-chain transparency, aiming to provide a novel framework for digital gambling within the Web3 space. The platform incorporates what it terms a “GambleFi” model, positioning itself at the intersection of gaming and decentralized finance by introducing mechanisms for both active participation and passive engagement through its DeFi infrastructure. Founded by HealthyDegen a visionary Web3 builder and former Mysten Labs developer, DoubleUp was…

Quick take: Co-founder Yat Siu told FT in an Interview that Animoca Brands plans to list on the New York Stock Exchange. His company is one of the leading investors in Web3 startups, gaining prominence during the NFT and metaverse boom in 2021. The news comes amid an emerging trend in crypto companies trying to go public, with the likes of Kraken and eToro among those that have already announced their plans. Animoca Brands will soon announce plans to list its shares on the New York Stock Exchange according to co-founder Yat Siu. Speaking in an interview with the Financial…

The cryptocurrency market faced a turbulent start to the week, with Bitcoin (BTC) leading a broad sell-off that wiped out $700 million in long positions and sent major altcoins like Dogecoin (DOGE) and Cardano (ADA) tumbling by as much as 7%. The downturn, reported by CoinDesk on May 13, 2025, reflects a cooling of risk appetite among traders, driven by macroeconomic uncertainty and shifting capital flows. Here’s a deep dive into today’s market dynamics, price movements, and the forces shaping the crypto landscape.Sell the news action hit bitcoin today, which pulled back below $102K after challenging $106K hours ago. Further underperformance…

LAUNCHCOIN, a token associated with the SocialFi platform Believe, rallied as high as 500% today amid ecosystem growth. Formerly known as PASTERNAK, named after Believe founder Ben Pasternak, Launch Coin on Believe (LAUNCHCOIN) hit an all-time high of $0.093 on May 13 during the afternoon Asian trading hours. Its market cap climbed past $81 million as of writing. Fueling the surge was a sharp spike in trading activity. CoinGecko data shows that daily volume soared over 500% compared to the previous day.. The community widely expects LAUNCHCOIN to become the official native token of the Believe platform, though no formal…

DeFi Development Corp. (DFDV), a Nasdaq-listed firm formerly known as Janover, has made headlines with its aggressive pivot into the cryptocurrency space, particularly through its substantial investment in Solana SOL.Deep Focus on SolanaOn May 12, 2025, DeFi Development announced a $23.6 million purchase of 172,670 SOL tokens at an average price of $136.81, pushing its total Solana holdings to 595,988 tokens, valued at nearly $105 million.1/ We just made our BIGGEST $SOL purchase yet! 🚀Today, we announce that DeFi Dev Corp. has purchased another 172,670 $SOL ($23.6M) as part of our crypto-forward treasury strategy.Total treasury holdings have officially surpassed $100M…