Author: Yeek.io

Hyperliquid, the popular perpetual decentralized exchange, is under intense pressure as its token nears a record low and its network volume plunges. Hyperliquid (HYPE) token plunged to a low of $11.10, down by 67% from its record high of $35.20. This crash has brought its market cap from near $10 billion in December to $3.8 billion.  The HYPE token has crashed partly because of its substantial dilution risks. According to CoinnMarketCap, it has a total supply of near 1 billion tokens, with 333 million being in circulation.  Hyperliquid’s token unlocks will start in November this year, when the network will…

Nearly 400,000 creditors of the bankrupt cryptocurrency exchange FTX risk missing out on $2.5 billion in repayments after failing to begin the mandatory Know Your Customer (KYC) verification process.Roughly 392,000 FTX creditors have failed to complete or at least take the first steps of the mandatory Know Your Customer verification, according to an April 2 court filing in the US Bankruptcy Court for the District of Delaware.FTX users originally had until March 3 to begin the verification process to collect their claims.“If a holder of a claim listed on Schedule 1 attached thereto did not commence the KYC submission process…

PEPE whale swapped their holdings for WETH then into PENDLE. PEPE’s setup signaled a big move off the lows was yet to come, as it needed to reclaim the 50 level on the RSI for a confirmation. Pepe [PEPE]  whale wallet ‘0x373…’ changed from investing in memecoins to investing in DeFi fundamental. This whale offloaded 196.1 billion PEPE tokens worth $1.3 million at an average price of $0.000006641. The whale exchanged PEPE for 720.6 WETH and used the entire amount to purchase 397,192 PENDLE tokens at $3.08 each. Over three days, the whale sold 261.2 billion PEPE for 1,060 WETH,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum is trading below the $1,900 level after weeks of persistent selling pressure, and signs suggest that the downside momentum could continue. Bulls lost control back in late February when ETH failed to hold the $2,500 mark — a key level that many viewed as critical for sustaining a bullish outlook. Since then, Ethereum has continued to underperform, disappointing investors who had anticipated a strong 2025 rally fueled by growing institutional interest and market optimism. Instead, macroeconomic uncertainty, global tensions, and weakening market sentiment have weighed heavily…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum is trading below the $1,900 level as selling pressure continues to mount, raising concerns that the recent downtrend could extend further. After losing the critical $2,500 support in late February, bulls have struggled to regain control. What began as a minor pullback has turned into a broader correction, disappointing investors who had anticipated a bullish 2025 for ETH. The failure to reclaim key levels has eroded market confidence, and price action remains weak across both short and mid-term timeframes. Ethereum’s inability to sustain even brief recoveries…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The cryptocurrency market was fairly stable despite the global macroeconomic headwind that rocked the traditional markets during the past week. The Ethereum price didn’t enjoy the same relief as other large-cap assets, beginning the month of April almost as it ended the first quarter of 2025. The second-largest cryptocurrency is on the verge of losing the $1,800 level, having declined in value by almost 5% in the past week. However, the latest on-chain data suggests that the Ethereum price might be close to a bottom and might…

Social messaging apps tend to make major news headlines a few times per year for either their use in planning some sort of crime or, more routinely, for users’ privacy concerns over how companies like Meta — which owns WhatsApp, Instagram and Messenger — handle user data. In a somewhat separate event, the Trump administration became the focus of national discussion after members of US President Donald Trump’s cabinet were found to be using Signal to plan military actions in Yemen. While a hack, backdoor access or misuse of user data was not the source of criticism in this scenario, the…

Several startups at the intersection of AI, blockchain, and fintech announced funding rounds this week. Codex raised the most capital, filling its coffers with $15.8 million. Dragonfly Capital led the seed round. According to Fortune, which first broke the news, the effort was part of a seed round with roughly $14 million coming from Dragonfly. Coinbase and Circle also took part in the fundraising, alongside Cumberland, Wintermute and Selini Capital. That was just one of several funding rounds announced in the past week. Read on for more. Ultra Luxembourg-based multi-family office NOIA Capital led the round through its NOIA Digital…

Opinion by: James Strudwick, executive director, Starknet FoundationThe outlook surrounding the use of new technologies has shifted in Washington. Tesla CEO and presidential adviser Elon Musk’s proposition to incorporate blockchain technology into the US Treasury has placed blockchain and its use for state finances at the forefront of the global debate. According to Musk, much of this drive is rooted in the concern over the unsustainability of current government spending. With its immutable ledgers and transparent audit trails, blockchain is waiting in the wind, offering a potential solution to managing vast public finances. Musk advocates for a unified information system that…

Binance co-founder Changpeng “CZ” Zhao donated over half a million dollars worth of crypto to the earthquake disaster relief effort in Thailand and Myanmar, in another testament to the growing utility of blockchain-based emergency charity efforts.Zhao donated 1,000 BNB (BNB) tokens worth almost $600,000 to the disaster relief funds for the region on March 3, blockchain data shows.Zhao donates 1,000 BNB. Source: BscScan“Sent 1000 BNB for the donation for Myanmar and Thailand,” wrote Zhao in an April 3 X post.The crypto donation comes after Thailand and Myanmar were hit by a 7.7 magnitude earthquake on March 28, causing severe damage…