Author: Yeek.io

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…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Early in 2025, there was a significant surge in the stablecoin market, with a $20 billion increase in total supply. With a 10% increase from January, the total supply now stands at almost $205 billion. The spike, according to…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. After months of struggle in gathering momentum, Dogecoin (DOGE) might be about to undergo a dramatic price reversal. Monitoring the movements of the meme coin, analysts believe it has hit a turning point and might thus launch a quick…

ZKsync’s DeFi Steering Committee (DSC) said it will not renew ZKsync Ignite, its liquidity reward program, as the project shifts its focus to broader network expansion.The DSC confirmed that Ignite’s second season will not proceed and that the program will be discontinued on March 17. This also cancels the reward allocation for period 6, the final phase of the program’s first season.ZKsync said it would focus its resources on its Elastic Network, an architecture that aims to transform the platform into an ecosystem of interconnected zero-knowledge (ZK) chains. “Our long-term vision for ZKsync is increasingly centered on the Elastic Network,…

The cryptocurrency trader whose ultra-leveraged Ether (ETH) trade tested Hyperliquid’s limits on March 12 has entered another multimillion-dollar position, this time in Chainlink (LINK), onchain data shows. On March 14, the anonymous whale, referred to on X as “ETH 50x Big Guy,” took out long positions in LINK worth approximately $31 million with 10 times leverage, according to Lookonchain, a Web3 analytics service. He placed the bets on Hyplerliquid and GMX, two popular perpetuals exchanges, Lookonchain said in a March 14 X post. Additionally, the whale accumulated roughly $12 million in spot LINK. In the ensuing hours, the whale gradually reduced his…

A new proposal submitted to the U.S. Securities and Exchange Commission’s (SEC) newly-established Crypto Task Force by a Maximilian Staudinger makes the case for XRP as a “strategic financial asset” for the United States (using some very questionable math and logic). I’m here to tell you that XRP is not a strategic asset and that the logic in this proposal is dubious at best. In the proposal, Staudinger states that $5 trillion is locked up in U.S. Nostro accounts (accounts that banks use for cross-border payments). And he claims that if certain regulatory conditions were created — including the SEC…