Author: Yeek.io

Cosmos, a blockchain network aiming to become the “internet of blockchains,” has launched Eureka, an interoperability layer designed to link its inter-blockchain communication (IBC) protocol with Ethereum.According to an April 10 announcement, Eureka has expanded the Cosmos IBC protocol, changing IBC from an ecosystem standard “to a universal interoperability protocol,” setting the hub on a course to become the home of multichain apps.Cosmos projects are integrating into IBC Eureka. Source: CosmosWith the introduction of Eureka, many Cosmos-based applications and blockchains are now accessible to more users by expanding IBC to the Ethereum network. With the new protocol, developers can reportedly…

Users of the Atomic and Exodus wallets are being targeted by threat actors uploading malicious software packages to online coding repositories to steal crypto private keys in the latest cybersecurity threat identified by security professionals. According to cybersecurity researchers at ReversingLabs, the exploit works by hiding malicious code in seemingly legitimate npm software packages, which are pre-built bundles of code widely used by software developers.These malicious software packages target locally installed Atomic Wallet and Exodus Wallet files by installing a patch that overwrites the files to compromise the user interface and fool the unsuspecting victim into sending crypto to scam addresses.Software…

Senator Tim Scott, the chairman of the US Senate Committee on Banking, Housing, and Urban Affairs, recently said that he expects a crypto market bill to be passed into law by August 2025.The chairman also noted the Senate Banking Committee’s advancement of the GENIUS Act, a comprehensive stablecoin regulatory bill, in March 2025, as evidence that the committee prioritizes crypto policy. In a statement to Fox News, Scott said:”We must innovate before we regulate — allowing innovation in the digital asset space to happen here at home is critical to American economic dominance across the globe.”Scott’s timeline for a crypto…

The Illinois Senate, by a vote of 39 to 17, passed a regulatory bill aimed at curbing cryptocurrency fraud and protecting investors from deceptive practices, including rug pulls and misleading fee structures.On April 10, the chamber passed Senate Bill 1797 (SB1797), also known as the Digital Assets and Consumer Protection Act, which Senator Mark Walker introduced in February.The bill gives the Illinois Department of Financial and Professional Regulation authority to oversee digital asset business activity within the state.Under the legislation, any entity engaging in digital asset business with Illinois residents must be registered with the state’s financial regulator. The bill…

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…

The US Social Security Administration (SSA) will move all public communications to the X social media platform amid sweeping workforce cuts recommended by the Department of Government Efficiency (DOGE), led by X owner Elon Musk. According to anonymous sources who spoke with WIRED, the government agency will no longer issue its customary letters and press releases to communicate changes to the public, instead relying on X as its primary form of public-facing communication. The shift comes as the SSA downsizes its workforce from 57,000 employees to roughly 50,000 to reduce costs and improve operational efficiency. The agency issued this statement…

Despite Ethereum’s continued struggle to maintain the $1,600 price level, several altcoins posted triple-digit gains. Wayfinder (PROMPT), Magic Internet Money (MIM), and Bitcoin Wizards (WZRD) are leading the charge in the past 24 hours. Wayfinder has risen by 179.2% in the last 24 hours and trades at $0.5043 from a low of $0.1798. The token currently has a market cap of $113 million. The impressive rally follows several key developments for the project. Wayfinder recently completed an airdrop, distributing 40% of the total PROMPT supply to eligible participants. This wide distribution was complemented by listings on multiple major exchanges like…

Key takeawaysBear raids involve deliberate efforts by whales to drive down crypto prices using short-selling, FUD and large-scale sell-offs to trigger panic and profit from the dip.These raids create volatility, trigger liquidations and damage retail confidence. However, they can also expose weak or fraudulent projects.Signs include sudden price drops, high trading volume, absence of news and quick recoveries, indicating price manipulation rather than natural market trends.Traders can guard against bear raids by using stop-loss orders, diversifying portfolios, monitoring whale activity and trading on reputable, regulated platforms.Not all market moves are organic in the dynamic world of crypto trading; some are…

Popcat, a top Solana meme coin, has staged a strong comeback as investors bought the dip and exchange reserves dropped. Popcat (POPCAT) rose for four consecutive days, reaching a high of $0.25, its highest level since March 25. It has jumped by almos 100% from its lowest level this month.  The jump happened as crypto investors bought the dip in some specific Solana (SOL) meme coins like Fartcoin (FARTCOIN), Goatseus Maximus, Fartboy, and Vine. Nansen data shows that more investors are moving their Popcat tokens from exchanges to self-custody. Exchange balances have dropped by almost 10% in the last seven…

Spot Ethereum exchange-traded funds continued shedding assets as US recession risks rose and its price crashed. SoSoValue data shows that spot Ethereum (ETH) ETFs shed assets in the last seven consecutive weeks. They had net outflows of $82.4 million last week, bringing the cumulative inflows to $2.2 billion.  All ETH ETFs now have just $5.25 billion in assets, with BlackRock’s ETHA and Grayscale’s ETHE leading with $1.85 billion each. Grayscale’s mini fund ETH follows with $711 million, while Fidelity’s FETH has $580 million.  In contrast, spot Bitcoin ETFs are doing better, with their cumulative outflows at over $35 billion and…