Author: Yeek.io

Table of Contents 7 Key Principles for Proof of Reserves 1. Onchain Publication  2. Real-time Visibility into Reserve Changes  3. Cryptographic Verification  4. Verification by Independent Parties 5. Proven Verification Infrastructure  6. Full Coverage of All Asset-Backed Tokens  7. Proof Requirements for All Custodians and Issuers Building On the Foundation of Proof of Reserves  Conclusion  Related Articles

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…

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. As Ethereum (ETH) continues to slowly turn crucial resistance levels into support, some analysts consider that the King of altcoins could be running out of time for a new all-time high (ATH) this cycle. Related Reading Ethereum Closes April…

Binance has announced StakeStone as the 17th addition to its HODLer Airdrops program.Listing DetailsTo qualify for the airdrop, users must stake BNB through Binance Simple Earn.BNB staking window: April 27, 2025, 00:00 UTC to April 29, 2025, 23:59 UTCHODLer Airdrop Pool: 15,000,000 STO tokens (equivalent to 1.5% of total supply)Token DetailsToken Name: StakeStone (STO)Total Supply: 1,000,000,000 STOMaximum Supply: 1,000,000,000 STOCirculating at Launch: 225,333,333 STO (22.53% of the total supply)Binance has confirmed that only users who stake BNB via Simple Earn Locked Products will qualify for the StakeStone airdrop.About StakeStoneStakeStone is a decentralized omnichain liquidity infrastructure designed to optimize staking yields…

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,…