Author: Yeek.io

Homepage > News > Finance > The realpolitik behind Russia’s digital currency pivot Earlier this month, the Russian central bank announced it was exploring the possibility of a three-year window in which wealthy individuals and qualified investors could invest in digital currencies. While the bank expressed reservations about the risks, it said it was investigating the issue at President Vladimir Putin’s request. The proposed three-year experiment would allow wealthy individuals with $1.1 million in assets, top earners with incomes exceeding $750,000, and qualified investors to trade digital currencies and derivatives based on them. The move is the latest in a…

The cryptocurrency market was thrown into chaos as Hyperliquid Vault found itself on the receiving end of a massive short position on JellyJelly ($JELLY) following a trader’s self-liquidation.The short squeeze propelled $JELLY’s price up by an astonishing 429% between 21:00 and 22:00 UTC+8, putting Hyperliquid Vault in a precarious situation with unrealized losses exceeding $10.5 million. Source: @AggrNews – XThis dramatic turn of events unfolded when an anonymous trader removed their margin, thereby self-liquidating their position and transferring the burden of their short position to Hyperliquid Vault (HLP). With $JELLY’s open interest (OI) now heavily skewed, HLP holds a 12-million…

Tigran Gambaryan, a Binance executive who was held in Nigeria for eight months in 2024 facing tax and money laundering charges, provided additional details about his experience and what led to his release.Speaking at the DC Blockchain Summit on March 26, Gambaryan, the head of financial crime compliance at Binance, said the Nigerian government had held him hostage, suggesting the criminal charges were a pretext to “get something” from Binance. According to the Binance executive, he saw signs suggesting he could be released “around a month” before he was returned to the US.“It was around the time of the [United…

Celo, the blockchain network launched in 2020, has officially transitioned from a layer-1 chain to an Ethereum layer-2 protocol.Celo announced the successful transition in a March 26 X post, stating that “Celo is officially an Ethereum layer 2” protocol. In the thread, the organization claimed the new protocol features one-second blocks, sub-cent transaction costs, and Tether’s USDt (USDT) and USDC (USDC) as gas.Celo first proposed this transition in the summer of 2023, and it is now completed after block production on the old layer-1 platform halted and continued on the new network. The new platform is based on the OP technology stack…

Google Cloud has officially become a validator for Injective, an interoperable layer-1 blockchain, further strengthening the network’s security and decentralization.  The move aligns Google Cloud supporting Injective’s (INJ) ecosystem, according to a company release. Beyond validation, Google Cloud is integrating its Web3 infrastructure with Injective. Developers can now access Injective’s blockchain data through Google Cloud’s BigQuery public datasets, enabling real-time insights for DeFi applications and institutional trading strategies.  Today, @GoogleCloud launched a validator and new Web3 developer tools on Injective.The company powering @gmail and @youtube now powers the blockchain built for finance.Read how Injective and Google Cloud are working together…

Over the past two weeks, Bitcoin and the broader crypto market have seen a slight recovery. However, Crucible Capital General Partner Meltem Demirors struck a cautious tone on the future of the crypto rally. In an interview on Bloomberg on March 25, Demirors addressed everything from trading volumes and ETF inflows to concerns about “hidden leverage” in the crypto ecosystem. “It’s a tale of two cities. Sentiment is positive. You see a lot of enthusiasm about the Trump administration policy direction,” she said, referencing the renewed buzz around crypto in political rhetoric. “But if we look at markets, volumes are…

DIA has officially unveiled Lumina, a new modular, rollup-based oracle architecture designed to bring trustless and verifiable data to blockchains. Lumina rolled out on the mainnet on March 26, 2025, DIA, which stands for Decentralized Information Asset, noted in an announcement. The unveiling marks a milestone that DIA says signals “the era of blind trust in oracles is over.” In other words, the mainnet launch of Lumina’s rollup-powered oracle solution puts an end to “black-box oracles.” Instead it brings transparency and verifiability to the sourcing and delivery of data. This means developers, decentralized finance protocols, and blockchain networks will no…

The DeFiChain community has proposed a significant improvement aimed at bolstering transparency, accountability, and integrity in handling Community Fund Proposals (CFPs). This latest DeFiChain Improvement Proposal (DFIP) introduces structural adjustments designed to align CFP standards with those of DFIPs, reflecting a mature and responsible approach toward decentralized governance.Raising the Bar for GovernanceCurrently, CFPs only require a 50% approval rate from Masternodes (MN), creating inconsistencies and potential vulnerabilities in fund allocations.This new DFIP proposes to elevate the approval threshold to 66.67%, harmonizing it with existing DFIP standards.Such a change ensures that only proposals with broad and solid community support receive funding, safeguarding…

Pepe coin’s price has bounced back this month as investors bought the dip and futures open interest surged. Pepe (PEPE), a viral meme coin, jumped to a high of $0.000008960, its highest point since February 24, and 73% from its lowest point this year.  The ongoing rebound came as futures open interest rose to its highest level since Feb. 2. The metric surged to over $324 million, up from this month’s low of $166 million. Soaring open interest is a crucial indicator in crypto markets, measuring all outstanding futures contracts that have not yet been settled. A rising open interest…

Crypto community members are growing more optimistic about an XRP exchange-traded fund (ETF) approval following the resolution of a multi-year legal battle between Ripple and the United States Securities and Exchange Commission (SEC). On March 19, Ripple CEO Brad Garlinghouse announced the case had concluded. In an X post, the Ripple executive said the SEC will drop its appeal against Ripple, ending the $1.3 billion unregistered securities suit that started in December 2020. Following the development, Nate Geraci, president of the advisory firm ETF Store, said on X that the approval of an XRP (XRP) ETF is next. Geraci said it was…