Author: Yeek.io

Tel Aviv-based DeFi platform PriveX has officially gone live on the COTI mainnet, introducing a new approach to perpetual decentralized trading that prioritizes privacy, automation, and composability. Built for intent-based execution, PriveX enables users to trade more than 300 perpetual pairs with institutional-grade performance, all without exposing trade data on-chain. Operating on COTI’s (COTI) privacy infrastructure, PriveX aims to bring a centralized exchange-like experience to decentralized markets. Trades are executed through a private, intent-based backend powered by Symmio, which sources liquidity from both decentralized and centralized venues, including Binance. This approach protects traders from front-running and strategy leaks, while supporting…

Ever placed a crypto trade only to find the price changed before execution? That’s price slippage– a hidden cost that can eat into your profits. It is a common issue traders face in fast-moving or low-liquidity markets like the crypto market.  Price slippage occurs when market conditions shift between the time you place an order and when it gets executed, causing you to pay more (or receive less) than anticipated. It is common in both spot trading and DeFi swaps, especially during times of high volatility or low liquidity. While some degree of slippage is unavoidable, understanding how it works…

Shards Protocol has secured $2 million in funding to advance Aura, its Web3 reputation system that turns on-chain activity into reputation and rewards. In a press release shared with crypto.news, Shards Protocol announced that it has raised $2 million in funding backed by Animoca Brands, Kyber Ventures, Yield Guild Games, and others. The capital will primarily fund the development and integration of their flagship product, Aura, within the Web3 ecosystem. Aura is a recognition and reputation layer that converts users’ on-chain activity into verifiable reputation and rewards. Users can flaunt their reputation scores and badges from their Web3 activities right…

Two community-approved DeFi Improvement Proposals (DFIPs) will now be executed. They affect every dCrypto asset, introducing a structured phase-out from liquidity pools and vault collateral.DFIP 1 — Deprecate All Pools Containing dCryptosGovernance vote detailsAll dCryptos are flagged deprecated after 86,400 blocks (≈ 30 days).Swap functionality for these pools stops after another 86,400 blocks (≈ 60 days from now).DFIP 2 — Remove Deprecated Tokens as Vault CollateralGovernance vote detailsCollateral factor for each deprecated token drops automatically by 0.01 per day over 100 days.The process begins at block 5,082,400.Timeline at a Glance EventBlockApprox. Date & Time (CEST)Deprecation flag activated5 082 400Wed 4 Jun 2025 04:29Collateral reduction begins5 082 400Wed 4 Jun 2025 04:29Swap functionality disabled5…

A new venture linked to the Donald Trump crypto brand has spiraled into public drama as the family moves to distance itself from the project. Since adopting his self-acclaimed ‘crypto president’ title, Donald Trump and his family have ventured into the industry with bold business initiatives. Not ones to shy away from leveraging trends, several ventures from NFT collections to token launches have been linked to the Trump name, including a recently debuted DeFi platform, World Liberty Financial.  But the latest project claiming Trump family ties has sparked a public fallout. Drama ensues as Trump boys disown Wallet On June…

A whale spent $4 million USDC to buy 3.84 million FARTCOIN near $1.04, despite ongoing sell pressure. The liquidation heatmap suggests potential for a short squeeze if the price breaks above $1.08. A newly created wallet spent $4 million USDC to buy 3.84 million Fartcoin [FARTCOIN] at $1.04, signaling confidence despite bearish pressure and rising market volatility.  Of course, one wallet alone doesn’t make a market. But it wasn’t an isolated move. On-chain data showed $685.7K in inflows against $1.16 million in outflows on the 4th of June. While outflows still dominate, consistent positive inflows since mid-May point to cautious interest…

Ethena’s native token has remained unfazed by its recent 40 million token unlock, with bullish technicals now pointing to a potential rally toward $1 in the coming months. According to data from crypto.news, Ethena (ENA) was trading at $0.34 on Wednesday, June 4, afternoon Asian time, holding on to gains of over 36% from its year-to-date low. Its market cap was seated at nearly $2 billion with a daily trading volume of $273 million as of press time. While the token still trades about 77% below its all-time high, several upcoming developments suggest Ethena could be poised for a strong…

Sui is rapidly climbing the DeFi ranks, now boasting over $1.75 billion in TVL with growing stablecoin liquidity and rising adoption. Since its launch, the layer 1 blockchain Sui has been on a strong upward trajectory, making waves in the decentralized finance space. Once a newcomer, the move language-powered network has solidified its place as a serious contender, recording explosive growth across the ecosystem. According to DeFiLlama data, Sui has surged to over $1.75 billion in total value locked (TVL), edging closer to its $2 billion peak from earlier in the year. This positions the network among the top 10…

Binance has reprimanded on-chain traders who use bots to obtain Alpha Points illegally, warning that they would revoke Alpha Points of accounts caught violating the rule. In a recent notice, the crypto exchange has taken a firm stand against traders who deploy bots in order to gain points in its Alpha rewards program. After detecting a number of bot-related activities, the team has decided to ban the use of trading bots on its platform for the sake of fairness. “Any use of bots — including but not limited to scripts, automation tools, or other non-manual methods — will be treated…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. DeFi is under attack—but not from the threats the industry is used to defending against. While developers meticulously scan lines of code for vulnerabilities, attackers have shifted tactics, exploiting economic weaknesses that lie unnoticed beneath flawless programming.  For instance, the JELLY token exploit on Hyperledger, where attackers were able to siphon over $6 million from Hyperledger’s insurance fund, is a prime example. That exploit wasn’t caused by coding errors at all, but by gameable incentives and unpriced…