Author: Yeek.io

Ethena’s daily revenue has surpassed PancakeSwap and Jupiter, trailing only behind Tether and Circle. Following this achievement, ENA rose 4%. According to data from DeFi Llama, Ethena (ENA) rose through the ranks to become the third largest protocol by daily fees. In the past 24 hours, the Ethereum (ETH) -based decentralized stablecoin protocol has accumulated around $3.28 million. These fees were generated from the stablecoin USDE (USDE). According to data from crypto.news, USDE’s market cap stands at $5.4 billion. Meanwhile, its 24-hour trading volume has increased 23.6% from the previous day, reaching $63 million. The stablecoin has a circulating supply…

Ripple’s XRP has been one of the hottest cryptos in the market thanks to its impressive price performance, especially after US President Donald Trump’s reelection. Trading below $1 for most of 2024, XRP hits its stride days after the November elections, breaking the $1 level on November 6th, and the $2 barrier by December 2nd, then surging past $3.30 on January 18th.  Now, Ripple is back in the news for moving 200 million XRPs valued at around $457 million. This massive transfer, often associated with “whale transactions,” caught the attention of many and has led many to speculate. Is The…

The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision on multiple altcoin ETFs, including the Grayscale Spot XRP ETF, 21Shares Spot XRP ETF, WisdomTree Spot XRP ETF, Bitwise Spot XRP ETF, and Canary Spot XRP ETF. Despite the prolonged wait, this news appears to have had a positive impact on the crypto market and on the asset itself, driving XRP’s price up nearly 20% in a short period. Could this be a sign of a stronger rise trend for XRP in the near future? The Presence of XRP  XRP, commonly known as Ripple, is a…

Industry voices warned that politically endorsed cryptocurrencies must adopt stronger investor protections and liquidity safeguards to prevent another major market collapse.Investor sentiment remains shaken after the Libra (LIBRA) token, which was endorsed by Argentine President Javier Milei, suffered a $4 billion market cap wipeout due to insider cash-outs.According to blockchain analytics firm DWF Labs, at least eight insider wallets withdrew $107 million in liquidity, triggering the massive collapse.Libra/USDC market cap. Source: Kobeissi LetterTo avoid a similar meltdown, tokens with presidential endorsements will need more robust safety and economic mechanisms, such as liquidity locking or making the tokens in the liquidity…

MANA, SAND, and AXS’s charts revealed notable supply clusters Cost Basis analysis highlighted key accumulation zones that could define the next trend for major metaverse tokens The metaverse once stood as the next big innovation in digital ecosystems, with projects like Decentraland [MANA], The Sandbox [SAND], and Axie Infinity [AXS] leading the charge.  However, hype around the metaverse has significantly cooled down over the last few years. In fact, the prices of major metaverse tokens have suffered severe downturns too, with investor interest dwindling consistently.  Now, with signs of renewed engagement and price activity, the key question is – Are…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a remarkable showcase of on-chain governance, a proposal aimed at cutting Solana’s inflation rate by 80%—identified as SIMD-228—has officially failed to meet the vote threshold required for passage. The motion, which generated extraordinary turnout across the Solana ecosystem, was rejected in the final stages of polling when numerous smaller validators voted “No,” tipping the balance below the necessary 66.67% approval target. Solana Inflation Remains High The vote on SIMD-228 was held alongside SIMD-123, both of which concluded with unprecedented levels of participation. According to Laine, a…

David Sacks and his venture capital firm sold over $200 million in crypto and crypto-related stocks before he commenced his role as the White House AI and crypto czar, a White House memorandum disclosed.“You and Craft Ventures have divested over $200 million of positions related to the digital asset industry, of which $85 million is directly attributable to you,” said the memorandum dated March 5.Crypto sell-off in an effort to prevent conflict of interestThe memorandum said “significant steps” were taken to reduce potential conflicts of interest before Sacks began his tenure as the White House AI and crypto czar —…

ZKsync has confirmed on ZKsync Ignite’ X account of pausing this program, which made a pump for this ecosystem at the beginning of 2025. This move has raised several questions from the community about the ecosystem’s activities and effectiveness. ZKsync Ignite Program Newest UpdateYesterday, March 13, after many rumors, The Layer 2 protocol Ignite announced the newest updates about the pause of ZKsync Ignite program on its X account. ZKsync Ignite Program Update 📣After careful consideration, the DeFi Steering Committee (DSC) has decided to not renew Ignite for Season 2 and will be sunsetting the program starting March 17th, 2025 by turning…

The memecoin frenzy on Pump.fun is hitting a wall, with the platform’s “graduation rate” sinking below 1% for a fourth straight week.“Graduation rate” is the memecoin launchpad’s term for tokens that make it through the incubation phase and become fully tradable on a Solana decentralized exchange (DEX). To graduate, a token must meet specific liquidity and trading requirements.Over the past four weeks, starting Feb. 17, Pump.fun’s graduation rate has remained below 1% for the first time, Dune Analytics data shows.Pump.fun’s tanking token success rate. Source: Dune AnalyticsPump.fun’s graduation rate has never been particularly high. The platform’s best-performing week was in…

Shiba Inu (SHIB) is showing signs of a rebound as its price surged 7.37% in the last 24 hours to reach $0.00001276. However, the broader 30-day picture remains concerning with the token down 23.62% over the same period. This sudden rally has led many investors to wonder if the prolonged sell-off is finally coming to an end or if the recent bounce is simply a short-lived recovery. The cryptocurrency market has been volatile recently, and SHIB is no exception. After a prolonged period of downward pressure, the recent 7% rally suggests a temporary shift in sentiment. The current price level…