Author: Yeek.io

Shiba Inu price remained under pressure Thursday as holders continued to capitulate amid the ongoing crypto market downturn. Shiba Inu (SHIB) dropped to $0.00001275, its lowest level since May 9, and is now down 28% from its May peak. The meme coin has struggled in recent weeks as demand weakened and investors began exiting positions following prolonged underperformance. On-chain data shows that Shiba Inu’s network realized profit/loss (NPL) has remained negative for several months. The NPL metric measures the average profit or loss of all coins that change addresses daily, calculated by the difference between the last move price and…

Today marks a significant milestone as Plume Network, the latest blockchain optimized for real-world assets (RWA), goes live. You can be among the first to explore by bridging your funds from rhino.fi. And the best part.. The bridge is FEE FREE for the next week.Bridges are crucial tools allowing seamless movement of funds between different blockchains. This enables you to use decentralized apps (dApps) not available on your current chains, providing a first-mover advantage in this emerging ecosystem.About PlumePlume is designed with a focus on optimizing the integration and handling of real-world assets into the blockchain environment. This makes it…

Ethereum price has moved sideways after its strong surge in the first half of May, but several bullish patterns and growing Wall Street demand point to a potential comeback. Ethereum (ETH) was trading at $2,630 on Thursday, within a range that has held for over a month. This price is approximately 90% above its lowest point this year. Data shows that Wall Street investors are buying spot Ethereum ETFs. They had inflows of $56.9 million on Wednesday, the 13th day of consecutive gains. These funds have also had inflows in the last three consecutive months. Ethereum continues to show strong…

Fartcoin, a popular Solana meme coin, crashed below $1 on Thursday, June 5, as smart money and whales booked profits.  Fartcoin (FARTCOIN) plunged to $0.9300, its lowest level since April 22 and 45% below its May peak. The crash has coincided with the broader sell-off in Solana-based meme coins, which saw their combined market capitalization drop from $15 billion in May to $10 billion today. Most of these tokens have declined sharply, with Bonk (BONK) falling by 20% in the past seven days and Dogwifhat (WIF) also down 20% over the same period. On-chain data from Nansen shows that smart…

Social media platform Reddit has filed a lawsuit against AI startup Anthropic, accusing it of unauthorized data scraping to train its Claude chatbot. In its Wednesday filing in San Francisco Superior Court, Reddit alleged that Anthropic accessed its platform more than 100,000 times after July 2024, despite having publicly announced that it had halted such activity. The filing accuses Anthropic of violating Reddit’s user agreement, scraping content without consent, and continuing to use the platform’s data to train its large language models. In the complaint, Reddit described Anthropic as a “late-blooming” AI company that presents a public image of responsibility…

Dune analytics showed over 60% of pump.fun traders experienced losses, while 311 wallets have earned over $1 million in the last six months. According to recent data from the on-chain analytics platform Dune, more than 2.4 million wallets or around 56% of pump.fun traders have experienced losses amounting to at least $1,000 in the last six months. Meanwhile, only 311 wallets were able to make more than $1 million by investing in meme coins launched on the platform. The large gap between profit and loss on the meme coin platform indicates that most traders on the meme coin site have…

MXC price has reclaimed a key level around $0.0040 and keeps holding above it, potentially printing a higher low and keeping on track to resume the uptrend. Moonchain (MXC) has surged 70% in the past 24 hours and is currently trading at $0.0042. The token is rebounding strongly after a sharp pullback to $0.0023, following a parabolic rally that saw its price skyrocket from around $0.0010 to a peak of $0.0061 in just two days — a 500%+ gain. The trading volume is still elevated compared to the pre-breakout levels, indicating sustained interest and the potential for continued volatility. Looking…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The recent Movement Foundation (MOVE) token meltdown, where a market maker seemingly dumped millions of tokens immediately after listing, is yet another case study in web3 market dysfunction. Crypto is rooted in innovation and technical rigor, but too often, it lacks something more fundamental: operational and financial maturity.  Most web3 tokens are launched by teams with strong technical ability, but less financial experience or discipline. These are teams of engineers and visionaries—builders with deep protocol expertise but…

Moroccan authorities have arrested Badiss Mohamed Amide Bajjou, a French-Moroccan national accused of playing a leading role in a string of high-profile kidnappings targeting cryptocurrency executives and their families in France. Per a local media report, Bajjou was apprehended on Wednesday, June 4, in the northern Moroccan city of Tangier. Acting on a 2023 Interpol red notice requested by French authorities, Morocco’s National Brigade of the Judicial Police and the General Directorate for Territorial Surveillance launched a coordinated operation that led to Bajjou’s arrest in Tangier. The 24-year-old, originally from Le Chesnay, west of Paris, was reportedly found in possession…

Singaporean meme coin-focused startup MemeCore is planning to enter the Korean market by purchasing an company listed on the Kosdaq stock exchange. According to a recent press release from the company, the layer 1 blockchain project declared that it is currently in the negotiation phase of the acquisition of a South Korea-listed company. The firm declares it is in the process of reviewing several company listed on one of the leading stock exchanges in the country. At press time, the company has not unveiled the name of the Kosdaq-listed company it plans to purchase. However, it has revealed what it…