Author: Yeek.io

Base, the layer-2 blockchain backed by Coinbase, is facing criticism after a token it promoted crashed 95% shortly after launch before bouncing back. On Apr. 16, Base made a post on Zora, an on-chain social app that automatically turns posts into tokens. The post said, “Base is for everyone.” Minutes later, the official Base X account shared the same message with a reply linking to the Base for everyone token page on Zora. The token surged quickly, hitting a $17 million market cap. But it soon plunged by 95%, wiping out over $15 million in value. The sharp fall led…

Homepage > News > Business > Why Satoshi’s economic model demands usage, not just HODLing Bitcoin’s economic vision, as laid out by Satoshi Nakamoto in 2008, was never about sitting on a digital pile of gold. It was about creating a living, breathing electronic cash system. Yet, today, the dominant narrative is “HODLing,” with enthusiasts treating Bitcoin as a store of value rather than a medium of exchange. This shift risks undermining the system’s core mechanic: transaction fees. Satoshi’s model could crumble without widespread usage, proving that Bitcoin must be spent, not just stashed. The fee-driven future Bitcoin’s blockchain relies…

AERGO has plunged over 70% since its debut on Binance Futures, prompting accusations from community members who suspect market manipulation and coordinated sell-offs may be driving the steep drop. Aergo (AERGO) fell to an intraday low of $0.12 on April 17, afternoon Asian time, bringing its market cap down from $307 million to nearly $78.5 million as of press time. Its daily trading volume was up 88% over the past day, hovering over $1.37 billion. Source: TradingView The drop followed a nearly two-week uptrend that began on April 6, during which AERGO rallied over 1,200% to a record high above…

If FARTCOIN successfully closes a daily candle above $0.989, it could rally 50% to reach $1.55. Traders are over-leveraged at $0.83 on the lower side and $0.885 on the upper side. Amid market uncertainty, Fartcoin [FARTCOIN] appears to be gaining significant attention from crypto whales. Whale eyes on FARTCOIN On the 16th of April, blockchain-based transaction tracker Lookonchain posted on X (formerly Twitter), revealing that a crypto whale spent $9.97 million to buy back 11.21 million FARTCOIN. The whale who previously profited $3.33 million from FARTCOIN has re-entered the market, signaling a potential buying opportunity. Initially, the whale spent $8.15…

Fantasy.top offers one of the most efficient and entertaining ways to do it, combining social influence, strategy, and crypto-native gameplay into a single competitive experience.What is Fantasy.top?Fantasy.top is a card-based gaming project built on the Blast network and Monad testnet, featuring collectible cards themed around crypto influencers (KOLs), similar to traditional card games centered on professional athletes.Fantasy.top is one of the few dApps that allows users to earn MON tokens more quickly compared to other activities. Additionally, on-chain interaction with Fantasy.top enables users to farm dual airdrops from both Fantasy.top and Monad.The project is backed by notable investors such as…

A Russian finance ministry official has reportedly said the country should be developing its own stablecoin after a recent freeze on wallets linked to the sanctioned Russian exchange Garantex by US authorities and stablecoin issuer Tether. Deputy director of Russia’s Finance Ministry’s financial policy department, Osman Kabaloev, said the Kremlin should be exploring the possibility of developing a stablecoin like Tether’s (USDT) to avoid similar actions in the future, according to April 16 reports by Reuters and the state-owned news agency TASS.“We do not impose restrictions on the use of stablecoins within the experimental legal regime. Recent developments have shown that…

Singapore, Singapore, April 17th, 2025, Chainwire Solinabot Records Over 2900 SOL in Processed Payouts on Telegram Since February Launch Since its launch at the end of February 2025, Solinabot, a Telegram-based decentralized finance (DeFi) application built on the Solana blockchain, has processed over 650 verified payouts, totaling more than 2900 SOL. The team reports that all payouts are verifiable on-chain, with transparency maintained via the official Telegram payout channel, where users can observe recent transactions and associated TxIDs. The Solinabot community has grown steadily, reaching over 1050 members, reflecting increased engagement and interest. According to internal analytics and search console…

The Movement Network Foundation, a prominent blockchain entity, is grappling with a controversy involving “market maker abnormalities” tied to its token, $MOVE. The situation has drawn attention to co-founder Rushi Manche, with conflicting reports about his status at Movement Labs. The situation has led to market uncertainty, impacting MOVE’s price and raising questions about the project’s governance and transparency.Movement Market Maker IrregularitiesIn March 2025, Binance identified a market maker dumping 66 million MOVE tokens at Movement Labs shortly after their listing, triggering a sharp price drop. This incident contradicted the market maker’s role of ensuring liquidity and price stability through…

Russia should develop its own stablecoins, a senior finance official said on Wednesday, after USDT wallets linked to the country were frozen last month, disrupting digital transactions and raising concerns over reliance on foreign-issued tokens.Osman Kabaloev, deputy head of the Financial Policy Department at the Finance Ministry, said on Wednesday that Russia should consider creating domestic alternatives to popular stablecoins like USDT, Reuters reported Wednesday.Blocked USDT Wallets Push Russia to Explore Local Stablecoin Options“The recent blockage makes us think that we need to consider creating internal tools similar to USDT, possibly pegged to other currencies,” he said. According to Reuters,…

Billionaire Mike Novogratz’s Galaxy Ventures Fund I LP is on track to raise up to $180 million by June to back early-stage crypto and blockchain startups, with a focus on payments and stablecoins. According to unnamed sources cited in an April 17 Bloomberg report, the fund has already surpassed its initial $150 million target and is expected to close with between $175 million and $180 million.  The final close is scheduled for the end of June. Galaxy has not made the figures public, and a spokesperson declined to comment. Galaxy Ventures Fund I invests in early-stage companies building infrastructure and…