Author: Yeek.io

Despite a sluggish growth in the crypto markets, Sonic posted a strong rally this week, fueled by notable DeFi expansion and bullish technicals. While fears over escalating tariffs continue to weigh on investor sentiment, Sonic (S) broke out on Friday, April 4, reaching a daily high of $0.514, marking an 11% increase in 24 hours. The rally appears to have been driven by multiple milestones in Sonic’s decentralized finance ecosystem, which has shown steady growth in both usage and capital inflows. The total bridged value locked across the Sonic decentralized finance ecosystem is approaching the $2 billion milestone. On April…

Quick take: The platform is built to unlock the economic potential of decentralised social media. The Ethereum overlay is described as developer-friendly, fast, and inexpensive, features that are perfect for consumer-focused apps. It is meant to rival the centralised social media platforms like Facebook and Musk’s X (formerly Twitter). Avara, the Web3 company behind non-custodial liquidity protocol Aave, has announced the launch of Lens Chain on Mainnet. Lens is described as a developer-friendly, fast and inexpensive Ethereum overlay designed for decentralised social media apps, Coindesk reported. The layer-2 network is built on top of the Ethereum network and has already…

Quick take: Dragonfly put in $14 million to the round, according to general partner Rob Hadick. The round was structured as equity with warrants to receive tokens of Codex’s yet-to-be-released token. Codex plans to use the funds to build a layer-2 stablecoin-focused blockchain on top of Optimism. Codex has raised $15.8 million in a seed round led by Dragonfly Capital. The Fundraising also attracted participation from Coinbase Ventures, Circle Ventures, Cumberland, Wintermute, and Selini Capital. According to Dragonfly partner Rob Hadick, his firm put in $14 million to the round. The funding was structured as equity with warrants for tokens…

Binance Co-founder and former CEO Changpeng Zhao (CZ) donated 1,000 BNB tokens (worth about $598,025) on April 3 to help Myanmar and Thailand recover from the recent earthquake. The funds will be split equally between these two Asian nations.Both countries were struck by a magnitude 7.7 earthquake on March 28. The disaster destroyed infrastructure and claimed many lives throughout the region.Binance Charity Launches $1.5 Million BNB Airdrop Alongside CZ’s Generous ContributionChangpeng Zhao (CZ)’s donation of 500 BNB each to Myanmar and Thailand will go to providing immediate relief to those most affected by the disaster.CZ 1,000 BNB Donation to Earthquake…

Crypto markets declined in March due to concerns over the ongoing trade war and monetary policy. Still, traders have not given up on Bitcoin, according to a new report from Binance. Bitcoin (BTC) reserve, monetary policy, and fears over the trade war are stirring the markets, according to Binance. On April 4, Binance published a report on the state of the crypto market last month, delineating key trends. The overall crypto market declined by 4.4% in March. The primary drivers of this volatility were tariff tensions, with U.S. President Donald Trump threatening a trade war with most of the U.S.’s…

Ethereum developers have set May 7 as the mainnet launch date for the Pectra upgrade, marking the most significant set of changes since the Dencun upgrade in March 2024.Ethereum Developers Confirmed May 7 for Pectra UpgradeDuring the “Consensus Layer Meeting 154” held on the evening of April 3, 2025, the Ethereum team set May 7, 2025, as the deployment date for Pectra Upgrade. The announcement came after Pectra was successfully tested on the Hoodi testnet without any issues.The need for the Hoodi testnet arose because Pectra was scheduled to launch on two of Ethereum’s testnets—Holesky and Sepolia. Originally, the Ethereum…

Homepage > News > Finance > Flurry of digital asset bills introduced in US Senate This week in the United States regulation, the Trump 2.0 trend of frantic digital asset lawmaking continued, with three new bills in a span of two days. This included legislation affecting where block reward miners source their energy, how Americans can invest their retirement money, and which foreign-owned companies can register with the U.S. commodities regulator. Incentivizing miners First, U.S. Senator Ted Cruz (R-TX) rounded off March by introducing the ‘Facilitate Lower Atmospheric Released Emissions (FLARE) Act,’ which would decentralize electricity sources and promote on-site energy generation to strengthen grid…

Lawmakers in the United States have advanced a bill opposing the creation of a central bank digital currency. On April 2, the US House Financial Services Committee passed the CBDC Anti-Surveillance State Act (H.R. 1919) in a 27-22 vote.  The bill, introduced by Minnesota Representative Tom Emmer, aims to stop the Federal Reserve from issuing or managing a digital dollar. It also blocks the Fed from rolling out a CBDC through intermediaries or using it as a tool for monetary policy.  Supporters argue that a state-controlled digital currency could lead to increased financial surveillance and give the government too much…

Raydium’s dominance in Solana-based memecoin trading has increased to 83% over the past three months, even as overall memecoin market activity declined. According to Memecoins in Q1 2025 report by CEX.io, Raydium has seen its memecoin trading volume surge to 83% despite the contraction in the overall memecoin market activity and market cap. Memecoins were riding high on speculative momentum in January following high-profile political launches like the Trump (TRUMP) and Melania (MELANIA) tokens. At their peak, memecoins accounted for 11% of total crypto trading volume on Jan. 20, the CEX.io report noted. However, by April 1, the memecoin market…

German AI translation startup DeepL is reportedly gearing up for an initial public offering (IPO) as early as late 2025, signaling a potential turning point for Europe’s tech exit landscape. Founded in 2017 by Jarek Kutylowski, DeepL has quietly become one of the world’s most advanced AI language tools—now valued at $2 billion and backed by top-tier investors. IPO Speculations Grow Around DeepL’s Market Entry: While a formal timeline hasn’t been confirmed, insiders suggest the IPO could materialize in 2025, although 2026 remains a more conservative target. Sources familiar with the matter say DeepL is “closely monitoring current IPO market…