Author: Yeek.io

Amid fierce competition among Layer 1 blockchains, Sei Network is steadily carving out its position with remarkable progress, both in terms of technical performance and strategic vision.From boasting one of the fastest transaction speeds in the market to bold moves like considering an acquisition of genetic testing firm 23andMe, Sei is rapidly becoming a standout in the eyes of institutional investors.Canary Capital Files for SEI Staking ETF, Paving the Way to Wall StreetIn a pivotal development, Canary Capital – a Delaware-based investment firm, has officially filed for approval of a staking ETF tied to SEI. If approved by the U.S.…

The US Securities and Exchange Commission (SEC) has delayed a decision on whether to approve a proposed exchange-traded fund (ETF) holding Polkadot’s native token, regulatory filings show. According to an April 24 filing, the regulator has extended its deadline for a final ruling until June 11, nearly four months after the Nasdaq sought permission to list Grayscale Polkadot Trust on Feb. 24. Grayscale’s ETF filing adds to a roster of roughly 70 proposed ETFs awaiting SEC approval, including funds holding altcoins, memecoins, and crypto-related financial derivatives, according to Bloomberg Intelligence.  Asset managers are pitching ETFs for “[e]verything from XRP, Litecoin and Solana…

Zora – once hailed as a promising NFT infrastructure platform, has come under fire following the launch of its ZORA token airdrop. Rather than being celebrated, the event quickly drew widespread criticism due to its controversial tokenomics, unclear utility, and an execution process that many users described as poorly managed.Lack of Utility, Lack of Trust in a “For Fun” TokenZORA has been described as a token with no clearly defined benefits for holders. The project openly stated that the token carries no governance rights, no equity representation, and plays no essential role in the operation of the platform. On its…

IOTA’s upcoming Rebased upgrade could be its most ambitious yet, replacing centralization with decentralization and unlocking smart contracts for a future-ready blockchain. On May 5, IOTA will activate Rebased, a protocol upgrade that marks the project’s most ambitious departure from its original architecture since its inception in 2015. More than just a technical milestone, Rebased appears to be a foundational pivot — one that replaces legacy components, modernizes the network stack, and reframes the network’s broader identity in the crypto landscape. Once branded as a “blockchain without blocks,” IOTA’s earlier value proposition hinged on the promise of a feeless, scalable…

Covent Garden, UK, April 24th, 2025, Chainwire FLock.io, the private AI training platform, has announced a collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to harness Alibaba Cloud’s Large Language Model(LLM) Qwen and cloud technologies to create advanced AI models for both domain-specific and general purposes. Under the collaboration, FLock.io will create various AI models utilizing infrastructure and products from Alibaba Cloud. In the future, both sides will leverage their technical expertise to explore research opportunities and use cases in AI fields. Beyond technical integration, FLock.io will cooperate with Alibaba Cloud to facilitate joint research…

Binance has announced the delisting of four tokens: PlayDapp (PDA), Alpaca Finance (ALPACA) Viberate (VIB), and Wing Finance (WING), effective May 2, 2025, at 03:00 UTC. The decision comes after the tokens failed to maintain the exchange’s high standards and comply with industry benchmarks. Notably, these tokens were also part of the Binance 2nd “Vote to Delist” Batch on April 10, 2025. This move is part of Binance’s ongoing review process to ensure all listed digital assets align with its quality and compliance expectations.Learn more: Binance Delist 14 Tokens in First “Vote to Delist” BatchKey Dates and ActionsMay 1, 2025,…

Hugh Austin, a crypto fraudster behind a crypto scam who allegedly involved his own son in a $12 million laundering scheme, has been sentenced to nearly two decades in prison for orchestrating the affair. $12 Million In Investor Funds Drained In SchemeAccording to an April 23 press release from the U.S. Attorney’s Office, Austin and his son Brandon fraudulently operated as crypto brokers for large sums of digital assets in a crypto scam and made short-term crypto investments in hopes of securing high returns for entrepreneurs and investors. Father-Son Duo Implicated in $12M #Crypto Scheme, Long Island Man Sentenced to…

Russia has long had a love-hate relationship with cryptocurrency. Now, with a new proposal seemingly favouring the ultra-wealthy, the country stands at a crossroads: is this a step toward mainstream adoption or just another method to keep crypto in the hands of an elite few? Historically, the Bank of Russia has maintained a skeptical stance on digital assets, citing threats to financial stability, the potential for illicit activity, and high risks to retail investors. In 2020, Russia enacted the “On Digital Financial Assets” law, which established a legal foundation for cryptocurrencies but explicitly banned their use as a means of…

SHIB’s burn rate spike and address growth hint at renewed user-driven momentum. Shiba Inu’s Exchange Inflows and long liquidations expose risk despite bullish technical formation. Shiba Inu [SHIB] recorded a staggering 1,361% surge in its 24-hour token burn rate, injecting renewed energy into the SHIB community. At press time, the token traded at $0.00001309, reflecting a 3.95% drop over the last 24 hours. But, price isn’t always the first to react. While the price remains subdued, underlying on-chain metrics are showing promising signs of revitalized network activity. Recent address statistics reveal a significant uptick in user engagement.  New Addresses grew…

Quick take: Mantle is anchoring the fund with a commitment to invest $400 million. The fund plans to boost returns by integrating staking strategies from Mantle’s mETH, Bybit’s bbSOL and others. The MI4 becomes the largest tokenised institutional fund, surpassing Securitize’s $148 million Blockchain Capital III Digital Liquid Venture Fund. Securitize has launched a new crypto index fund with $400 million backing from Mantle. The BlackRock-backed RWA tokenisation platform said the new fund dubbed MI4 offers exposure to major crypto assets like BTC, ETH, SOL and U.S. dollar stablecoins, with additional earnings from decentralised finance (DeFi) staking strategies from mETH,…