Author: Yeek.io

Decentralized finance (DeFi) lending protocol Sky has introduced a pivotal governance proposal that would mark its final departure from Maker, the original foundation of the platform.The plan, posted on May 1 to Sky’s decentralized autonomous organization (DAO) forum, proposes replacing Maker’s MKR token with Sky’s own SKY token as the sole governance asset.The move would also enable staking for SKY holders, a long-awaited feature.Sky Sets Mid-May Timeline for Governance ShiftIf approved, the transition is expected to occur between May 15 and May 19.Importantly, users would no longer be able to downgrade from SKY back to MKR, signaling a full commitment…

Order book trading is finally reaching the speed and low transaction fees it needs on-chain. It was created to deliver a central limit order book with near-instant matching and settlement costs of a penny or less.With the combination of Sui’s parallel execution with an optimized matching engine, DeepBook is poised to bring exchange-grade pricing to the deep liquidity pools of DeFi protocols. Let’s look deeper at what DeepBook is, how it works within the sui ecosystem, how DEEP fits into the picture, and what benefits it can bring to your portfolio.What is DeepBook on Sui?DeepBook is an on-chain order-matching protocol.…

HAEDAL surged by as much as 50% today ahead of its listing on South Korea’s Bithumb exchange. According to CoinGecko data, the liquid staking protocol Haedal (HAEDAL) rallied to an intraday high of $0.174 during Asia morning hours on May 2, marking over 100% gains from its post-launch lows. Its market cap touched $32 million, and daily trading volume climbed 20% from the previous day, hitting around $180 million. The key catalyst behind today’s move was Bithumb, a major South Korea-based crypto exchange, which announced the addition of a KRW trading pair for the HAEDAL token set at 6:00 PM…

Bubblemaps has visualized the token distribution for Boop crypto, a fairly new token that stems from the new Solana-based meme coin launchpad Boop.fun. BOOP has gone up more than 200%. On May 2, the on-chain analysis platform Bubblemaps showed traders the token distribution for Boop crypto amidst growing buzz surrounding the launchpad’s reward mechanism. According to the official tokenomics, 50% of the tokens will be allocated to a rewards pool for creators and holders. One of the platform’s unique features is its rewards program that grants Boop tokens to “graduate cults,” which are tokens created on the platform that meet…

Huione Group, a Cambodian conglomerate linked to the largest illicit online marketplace, could be cut off from the U.S. financial system under a new Treasury proposal. According to a May 1 announcement from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), the agency is looking to label Huione Group as a “primary money laundering concern” and block it from accessing the American banking network FinCEN’s proposed rule would prevent U.S. financial institutions from opening or maintaining any correspondent or payable-through accounts for Huione Group. “Today’s proposed action will sever Huione Group’s access to correspondent banking, degrading these…

Sui is set to integrate sBTC and support the Stacks network, positioning Sui as a leading hub for institutional-grade Bitcoin decentralized finance. In a May 1 blog post, the Sui Foundation announced that it will integrate sBTC and support the Stacks (STX) network, expanding its Bitcoin (BTC) DeFi capabilities. sBTC is a Bitcoin-backed asset developed by Stacks, a Bitcoin layer-2, and allows users to use their BTC in DeFi without relying on centralized custodians. As part of the integration, Sui (SUI) will also operate a validator on the Stacks network. The goal is to unlock DeFi opportunities like lending, borrowing,…

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.Final Results For April Voting RoundThe latest governance voting round on DeFiChain has concluded, revealing the community’s stance on key protocol improvements.Here are the results.The New Governance Voting Cycle Has Started!Easily submit your own CFP and DFIP proposals directly from the DeFiChain Light Wallet with just a few clicks.👉 Submit your DFIPs and CFPs effortlessly👉 Vote on proposals👉 Help drive community innovationDeFiChain Turns 5 in Two WeeksDeFiChain’s fifth anniversary is approaching, and…

The $MOVE token has seen a sharp dump recently due to malicious activities from market makers, the internal team, and a past sell-off from Web3Port Labs in December 2024.$MOVE Downed more than 80% since ATHMovement Network’s native token, MOVE, has experienced a precipitous decline, falling over 80% from its ATH of $0.25, with current prices hovering around $0.19-$0.25 as of May 2, 2025. This significant erosion in value was exacerbated by a critical development on May 1, 2025, when Coinbase, a leading cryptocurrency exchange, announced the suspension of MOVE trading effective May 15, 2025, citing the token’s failure to meet…

As the dynamic cryptocurrency space evolves constantly, new projects and digital assets enter the market almost daily. Among the latest entrants that have created a buzz is GRASS, a unique cryptocurrency designed to tap the unreached potential of the cryptocurrency ecosystem.But what is Grass, and how exactly different is it from other digital assets? This article is a beginner’s guide on the essentials of GRASS, its potential benefits, and how you can join the bandwagon by trying this innovative cryptocurrency. Welcome on board!                               What is Grass?GRASS, also known as Grass coin, is a relatively new cryptocurrency built on the Solana network…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum Foundation researcher Dankrad Feist has cautioned that ETH’s base layer could slip into irrelevance within a decade unless the community embraces a far more aggressive roadmap for on-chain scaling and protocol overhaul. Writing in a post on the Ethereum Magicians forum, Feist introduces a draft EIP that would pre-commit the network to a multi-year schedule of sharp gas-limit increases and complementary architectural changes. “I do think it is time for being unconventional, because the current way of doing things is likely to make Ethereum irrelevant over…