Author: Yeek.io

The sUSD stablecoin, integral to the Synthetix protocol and designed to hold a $1 peg, has crashed to $0.68 as of April 18, 2025. This dramatic depegging event has shaken the DeFi community, raising questions about the stability of decentralized stablecoins. sUSD Value Collapses to $0.68Unlike fiat-backed stablecoins, sUSD relies on $SNX staking and debt pools, making it vulnerable to protocol changes. The recent price drop, which began around March 20, 2025, marks one of the most severe disruptions in sUSD’s history. The stablecoin’s value fell to $0.83 by April 10 and continued its significant decrease, hitting $0.68 today.Source: CoinGeckoWhy Did…

Cryptocurrency exchange Kraken introduced foreign exchange (forex) perpetual futures contracts to its Kraken Pro platform on April 18, giving traders further exposure to global currency markets.The first two perpetual forex futures available on the platform will be the euro-US dollar (EUR-USD) and the British pound-US dollar (GBP-USD) contracts, according to a company announcement.Both contracts feature 20x leverage and no expiry date, meaning they do not have to be rolled or settled by a deadline, unlike traditional futures contracts, which have an expiry date.Kraken’s move is the latest in a series of expansions from the company, as it seeks to blur…

Key Takeaways: SBF has been relocated to a low‑security facility with a history of high‑profile inmates. His recent media appearances show a turn toward Republican support as part of his public strategy. He drafted personal notes outlining a public relations plan to reshape his image via conservative media channels. Convicted for orchestrating a vast fraud at a major cryptocurrency exchange, he faces a lengthy prison term and hefty restitution orders. On April 18, disgraced FTX founder Sam Bankman‑Fried was transferred to the low‑security Federal Correctional Institution Terminal Island in Los Angeles—renowned for once housing Al Capone and Charles Manson—after a…

Tokenized stocks are on track to exceed $1 trillion in market capitalization in the coming years as adoption accelerates, two industry executives said at the TokenizeThis conference in New York. The total addressable market for tokenized stocks — a type of tokenized real-world asset (RWA) —  is difficult to project but is “definitely a bigger trillion-dollar market,” Arnab Naskar, STOKR’s CEO, said during an April 16 panel at the event.In 2025, demand for the instruments has “exploded” from institutions ranging from Web3 wallets to neobanks to traditional financial services firms, according to Anna Wroblewska, Dinari’s Chief Business Officer. “We’ve had an enormous…

Dogecoin has struggled on its price charts, dropping by 1.32% in 24 hours. Despite price struggles, Futures markets are more active than ever, signaling growing speculation. While Dogecoin [DOGE] has struggled on its price charts, the memecoin’s Futures markets are more active than ever. According to data from Coinglass, Dogecoin Options Volume has surged by 772.4%, hitting $201. Over the same period, Options Open Interest rose 12.27% to $324.9K. Moreover, Dogecoin’s total Open Interest climbed 1.26% in 24 hours to $1.55 billion. Source: CoinGlass On top of that, Aggregated Open Interest surged from $698 million to $713 million. Naturally, this spike reflected growing…

Key Takeaways: Political shifts have eased accounting rules that once hampered crypto custody. Repeal of the SEC’s custody bulletin has drawn traditional finance back to bitcoin. Trump‑linked crypto ventures add another layer to market dynamics. Long‑term growth will hinge on the shape of new U.S. digital‑asset rules. In an April 17 interview with CNBC, CleanSpark CEO Zachary Bradford said President Donald Trump’s policies have been a ‘net positive’ for digital assets.He attributed the momentum to fresh institutional interest triggered by Congress’s repeal of SEC bulletin SAB 121 earlier this month.Trump’s Second Term Is A Net Positive, CleanSpark CEO Says“Since the…

Homepage > News > Business > AI, emerging tech may help improve global security: minister Indian Defense Minister Rajnath Singh has underscored the profound influence that artificial intelligence (AI) and cutting-edge technologies are exerting on the evolution of contemporary military doctrines and defense preparedness. He noted that these advancements are redefining the nature of conflict and reshaping how nations establish and maintain strategic deterrence in an increasingly complex global security environment. Singh said global geopolitics is being reshaped by three primary forces: a heightened focus on national security, rapid technological evolution, and a surge in innovation. He termed the power of technological innovation in combat…

Smart money outflows topped $5M as whale took a $1.98M contrarian bet. Bullish structure persists, but rising liquidations and negative funding hint at fading confidence. Fartcoin [FARTCOIN] faced intense selling, crashing 16.57% to $0.7592 in 24 hours. This steep drop follows a massive exit by smart money, which sold off over $5 million worth of the token in a single day. As a result, Fartcoin ranked as the most offloaded token by institutional and seasoned wallets.  However, in contrast to this wave of selling, a high-profile whale made a surprising move. Despite previously losing $701K on the token, the whale…

An Aptos community member submitted a proposal on April 18 to slash staking rewards for the network’s native token, Aptos (APT), by nearly 50%The proposal, submitted by a community member called MoonSheisty, aims at reducing reward yields from 7% to 3.79% in a three-month period, aligning Aptos staking rewards with other layer-1 blockchains and encouraging capital efficiency.The proposal has sparked curiosity on X, but early comments on GitHub show some initial resistance.A community member going by ElagabalxNode noted that reducing the staking reward without “compensatory mechanisms like a robust delegation program” could push smaller validators out of the network, thus…

MoonPay co-founder and CEO Ivan Soto-Wright has issued a formal letter to the U.S. Congress dated April 17, urging lawmakers to maintain a level playing field for both state and federal stablecoin issuers in upcoming legislation. Stablecoin rules shouldn’t play favorites.I’ve just sent a letter to Congress backing @CSBSNews’s push to keep state-regulated issuers in the game.The GENIUS & STABLE Acts should support fair competition, consumer protection, and innovation.My full letter:… pic.twitter.com/NxSnwj5NYt— Ivan Soto-Wright (@ivanhodl) April 18, 2025 Addressed to the leadership of the Senate Banking Committee and the House Financial Services Committee, the letter advocates for parity in the…