Author: Yeek.io

Major South Korean record label HYBE has shuttered its blockchain project Binary Korea less than three years after launch due to poor financial performance.The Seoul-based subsidiary will merge with HYBE. Meanwhile, the parent company will focus on the entertainment side of business, specifically artist management.According to AlphaBiz, HYBE stated that the goal of this merger is to “enhance management efficiency.”The report further alleges that Binary Korea has been quite unprofitable. It reportedly generated only KRW 468,441 ($318) in 2023 and a net loss of KRW 4.28 billion ($2.9 million). Hybe shuts down their blockchain company Binary Korea because it was…

March was a busy and impactful month for the De.Fi Ecosystem.  We launched a 4,000,000 $DEFI campaign with ByBit, kicked off a $20,000 Quest with OKX, and introduced real-world utilities for $DEFI staking. In addition, we released a two-part video interview with Kevin O’Leary. Let’s take a closer look at what has happened this month. 4,000,000 $DEFI Campaign with ByBit At the start of March, we launched a new trading campaign in collaboration with ByBit, one of the world’s leading crypto exchanges. The campaign featured an incredible 4,000,000 $DEFI prize pool.Running from March 5 to March 16, the event gave…

The zkLend hacker just got reverse-hacked while laundering $5.4M in ETH through a Tornado Cash phishing scam. Then, he sent an on-chain message to a zkLend developer expressing remorse—giving the community an early-month comedy show.zkLend Hacker Wiped Out While Laundering 2,930 ETH via Tornado CashThe February attack on Starknet-based lending protocol zkLend resulted in a loss of approximately 3,666 ETH, valued at around $9.5 million. Recently, the hacker attempted to launder a portion of the stolen funds—2,930 ETH—through Tornado Cash. Yesterday, the zkLend hacker executed multiple transfers, sending 100 Ether per transaction to an address labeled Tornado.Cash: Router, and concluded…

Homepage > News > Business > More FTX customers getting paid as SBF banks on Trump pardon Major customers of the defunct FTX digital asset exchange will finally—no, really—start receiving their long-overdue repayments, while founder Sam Bankman-Fried (SBF) continues to hold out faint hope for a Trump pardon. Late last week, Bloomberg reported on a Delaware bankruptcy court proceeding in which FTX Debtors confirmed that on May 30, it will start distributing some $11.4 billion worth of recovered funds to FTX’s long-suffering ‘major’ creditors (those owed more than $50,000). Smaller creditors began receiving payments in February, 16 months after FTX collapsed in a scandal in late 2022. Initially, it appeared that…

Japan-based Metaplanet has expanded its Bitcoin holdings, purchasing 696 BTC for 10.152 billion yen ($67 million), the company announced in an April 1 post on X. The investment pushes Metaplanet’s total Bitcoin stash to 4,046 BTC, valued at over $341 million at the time of writing.Source: MetaplanetStock split targets investor accessibilityThe acquisition comes shortly after Metaplanet issued 2 billion Japanese yen ($13.3 million) of bonds to buy more BTC, Cointelegraph reported on March 31.Source: Simon GerovichThe move also comes shortly after Metaplanet’s 10-to-1 reverse stock split. The company had previously warned in a Feb. 18 filing that its share price…

Fartcoin has jumped 35% in the past 24 hours, reinforcing its ongoing recovery after months of consolidation. Fartcoin (FARTCOIN) is up 35% in the past 24 hours, currently trading at $0.52 with trading volume at $164 million. The surge is noteworthy as it indicates a strengthening recovery from the prolonged consolidation phase which ensued after the price crashed from its all-time of $2.48 high on Jan, 19. The FARTCOIN price started rebounding from the $0.20–$0.30 range, where it has been consolidating from February to mid-March 2025, around March 19, when the price surged over 30% from $0.297318 to $0.395195. During…

First-person shooter SHRAPNEL will become China’s first licensed Web3 game built on the nation’s official RWA Trusted Copyright Chain.SHRAPNEL is an AAA native Web3 blockchain shooting game by the team from HBO that has worked on globally known titles, such as Halo, Assassin’s Creed, and Star Wars.It’s now joining hands with the Trusted Copyright Chain, a blockchain that allows government administrative bodies to certify digital assets and IP rights “to enable true digital ownership for all citizens.”Source: SHRAPNELAccording to the press release, the team expects to launch the game this year. It will include a dedicated game launcher tailored for…

Binance has introduced on its Megadrop program KernelDAO (DAO). Users need to lock their BNB on Binance Simple to be eligible for the KERNEL airdrop.Token Listing DetailsMegadrop Rewards: 40,000,000 KERNEL (4.00% of total supply)Total Token Supply: 1,000,000,000 KERNELCirculating Supply: 162,317,496 KERNEL (16.23% of total supply)KERNEL Airdrop allocation can be calculated by “Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus”About KernelDAOKernelDAO is a decentralized organization dedicated to developing restaking infrastructure. By maximizing the utilization of staked assets like ETH, BTC, and BNB, it seeks to improve network security and liquidity while enabling users to get…

As the popularity of stablecoins grows, organisations are looking to make them more accessible. The latest to do so in Japan, working on the first Japanese Yen (JPY) stablecoin, GYEN, is OwlTing Group, the blockchain fintech company, as it partners with GMO-Z.com Trust Company, Inc. (GMO Trust).Stablecoins are slashing high fees and reducing delays, challenges that have faced the cross-border payments sector for decades. According to a recent industry report, traditional remittance costs often exceed six per cent per transaction. Meanwhile, stablecoin transfers cost less than one per cent with just seconds in settlement.By integrating GYEN and ZUSD (USD stablecoin…

EOS rallied as high as 23% today, ahead of its major rebranding to Vaulta, as multiple bullish patterns emerged on its charts. EOS (EOS) price shot up for the third day in a row, hitting an intraday high of $0.707 on April 1 as its market cap climbed to over $1 billion when writing. The price surge was accompanied by an 87% increase in trading volume, with $371.6 million exchanged between traders. There are three main catalysts driving EOS crypto’s gains today. First off, there’s a lot of hype around EOS’s upcoming rebranding to Vaulta, expected to go live by…