Author: Yeek.io

Cardi B’s promotion of the WAP memecoin on X the other day sparked a 100% price surge, only for its market cap to crash from $2.5 million to $139K shortly after, as wallets that had accumulated five days before the post dumped. On June 3, rapper Cardi B promoted the memecoin Wet Ass and Pussy (WAP) on X, sharing its contract address and declaring, “WAP is back. Even wetter than last time.” Her post sent WAP’s price surging from the opening price of $0.0011 to an intraday high of $0.0022 — a 100% spike. Source: Dexscreener However, the hype was…

The Ethereum Foundation has introduced a new treasury policy designed to ensure long-term sustainability while supporting the ecosystem’s continued growth. According to a June 4, 2025 statement, the Ethereum Foundation is refining its treasury management framework. Central to the new policy is a disciplined asset-liability management approach that balances risk and liquidity to safeguard financial stability. It provides clear guidelines for token sales, fiat reserves, and strategic on-chain investments while prioritizing transparency and long-term sustainability. While it has historically relied on holding ETH, the new strategy will aid the foundation in taking a more active approach to treasury management, including…

ZORA, the native token of the Zora network, may be headed for a short-term correction, with technical indicators flashing bearish signals.  According to data from crypto.news, Zora (ZORA) surged by 28% to hit an intraday high of $0.0128 on June 5, pushing its market cap above $40 million. However, the rally was short-lived.  Prices quickly retraced a chunk of those gains, even as daily trading volume spiked more than 150% in the last 24 hours, a possible sign of distribution by early holders. ZORA initially rallied after South African hip-hop artist Jaykatana revealed that his latest track, “SIZOKUTHOLA”, was launched…

Collaterize has officially launched its RWA launchpad on Solana, opening the door for anyone to tokenize and trade tangible assets like real estate, private equity, and collectibles directly on-chain. Collaterize (COLLAT) has launched its RWA launchpad, allowing anyone to turn real-world assets like real estate, private equity, or collectibles into tradable tokens on Solana (SOL). To get started, creators need to hold at least 100,000 COLLAT tokens, complete KYC/KYB, and submit documentation about the asset for due diligence. When launching a token, the platform raises 120% of the creator’s target amount. Of that, 100% goes directly to funding the asset…

SPX6900 had a strongly bullish outlook on the 1-day chart A move beyond $1.2 seemed likely, but the indicators showed short-term weakness from buyers SPX6900’s [SPX] bulls have been charging higher over the past two weeks. The memecoin was not affected by Bitcoin’s [BTC] dip from $111k to $104k, and continued to trend higher through the chaos. Since Sunday, 18 May, SPX has gained by 84% on the charts. The trading volume has been high too. Over the past week, the memecoin sector shed 9.6% of its value. However, the SPX6900 token rallied by 31.4%. This robust performance underlined relative…

June 4, 2025The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week.👉TLDRStaking Rewards Are LiveDebt-free stakers now earn SNX rewards in the new frictionless model :  no debt, no ratios, no liquidations.5M SNX reward pool is live; stake now at 420.synthetix.io.Note: Only available to stakers with no debt, exiting the debt jubilee is one-way.Debt Jubilee Update: sUSD Staking Requirement IncreasedAs of June 2, debt jubilee participants must stake 20% of original debt in sUSD to continue earning rewards (up from 10%).Non-compliance pauses rewards indefinitely until corrected.New stakers are unaffected — sUSD…

SHIB’s 2,408% burn spike and 3.37% netflow drop signals reduced supply pressure. Bearish whale activity and dense liquidations near $0.0000138 cap short-term upside. Shiba Inu’s [SHIB] 24-hour burn rate skyrocketed by over 2,408%, eliminating nearly 40 million tokens from circulation and coinciding with a 3.37% drop in exchange netflows.  While the price climbed 2.69% during the same period, traders should exercise caution. Short-term optimism may be tied to this sudden burn activity, but its sustainability remains uncertain.  Therefore, although the shrinking supply hints at bullish pressure, the broader context must be weighed before assuming this move is the start of…

Thank you to the EFers that provided valuable input and feedback to the draft document: Bastian Aue, Vitalik Buterin, Bogdan Popa, Tomasz Stańczak, Fredrik Svantes, Yoav Weiss, Dankrad Feist, Tim Beiko, Nicolas Consigny, Nixo, Alex Stokes, Ladislaus, and Joseph Schweitzer. Thank you to kpk, Steakhouse Financial, and pcaversaccio for providing valuable and insightful input and the final review of this document. The Ethereum Foundation (EF) exists to strengthen Ethereum’s ecosystem and uphold its long-standing non-negotiable objectives: enabling “applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference”. EF Treasury supports EF’s long-term agency, sustainability,…

Railgun price soared more than 10% on June 4, 2025 amid upside pressure, with the cryptocurrency surging after Ethereum co-founder Vitalik Buterin sent $1.83 million worth of Ethereum tokens to the protocol. Railgun (RAIL), the native token of zero knowledge proof powered privacy solution Railgun Protocol, rose sharply on Wednesday, jumping from lows of $0.78 to hit highs of $0.89. The double digit spike for RAIL happened amid a notable increase in trading volume, with data showing the Ethereum (ETH)-based privacy coin’s daily volume rose 36% to over $432k. Gains saw bulls attempt to reverse the downtrend that has seen…

Dogecoin iis showing clear signs of a structural market shift after months of grinding within bearish conditions. A strong breakout followed by bullish confirmations suggests that a deeper upside continuation could be underway, if key support levels hold. Momentum indicators are aligning, technical structure is shifting, and buyers are gradually regaining control. Despite recent volatility in the broader crypto market, Dogecoin (DOGE) has quietly been laying the groundwork for a significant trend reversal. After breaking free from a long-standing bearish trend, DOGE surged into high-timeframe resistance at $0.23 before facing rejection. Importantly, the pullback didn’t result in a full breakdown,…