Author: Yeek.io

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…

Ethereum co-founder Vitalik Buterin acknowledges that Bitcoin is still ahead in certain aspects compared to ETH in the space. He also recognizes that layer 2 still has a lot of room for improvement. On June 4, the Ethereum (ETH) co-founder responded to a thread on X where users were debating on where the protocol’s strengths lie and what it still needs to improve on. Some users believed that Ethereum is already leading the industry in terms of censorship resistance, but not in terms of transactions per seconds. Vitalik Buterin confirmed this, stating that Ethereum is currently in the lead when…

Jupiter DAO has kicked off vote on whether to formally integrate its unofficial media arm, JUP & JUICE, as a Full Working Group with a dedicated budget. Jupiter DAO is currently holding a vote to decide whether to officially establish JUP & JUICE Media Studio as a Full Working Group, giving it a formal budget and ongoing role within the DAO. The vote went live on June 2 and runs until June 6. As of now, over 449 million votes have been cast—well above the minimum threshold of 198 million needed for a valid result. JUP & JUICE have been…

It all began when crypto researcher Molly White uncovered a new website promoting the upcoming “$TRUMP Wallet” trading app. The site teased potential rewards of up to $1 million in $TRUMP tokens, sparking speculation about its launch. Source: trumpwallet.com Styled like Robinhood and backed by NFT marketplace Magic Eden, the project promised easy access to top tokens like Bitcoin [BTC] and Dogecoin [DOGE]. Source: X Magic Eden’s Jack Lu hailed it as a step toward mainstream adoption, and the official Trump memecoin account soon echoed that mission. All’s not well in the Trump camp What began as a bold crypto reveal…

Ethereum appears to be gaining momentum again, supported by growing institutional interest and a potential shift in market sentiment.  At press time, Ethereum (ETH) is trading at $2,634, up 1.2% in the past 24 hours. This comes after a minor pullback from its local high of $2,771 set on May 29, which saw ETH drop to $2,482 before recovering. Notably, ETH is still up 44% over the past 30 days, making a solid comeback after a 45% drop in Q1 2025.  New on-chain data from Lookonchain, shared on June 3, shows that BlackRock recently reduced its Bitcoin (BTC) holdings in…

Nasdaq-listed MicroCloud Hologram has invested up to $200 million in Bitcoin and cryptocurrency-related derivatives. According to a June 3 press release, the Shenzhen-based firm has acquired up to $200 million worth of Bitcoin and cryptocurrency-related securities derivatives, which include financial instruments tied to the performance of digital assets. MicroCloud said the purchased Bitcoin and its derivatives will be incorporated into its capital reserves. Unlike direct Bitcoin purchases added to a company’s treasury, derivatives offer exposure to price movements without requiring physical ownership of the asset. This approach allows firms like MicroCloud to manage volatility, hedge positions, and maintain liquidity while…

Pump.fun, the Solana-based memecoin launchpad, is reportedly preparing a $1 billion token sale at a $4 billion valuation. Solana memecoins tumbled on the news though reports are still unconfirmed by the official source. According to a June 3 report by Blockworks, Pump.fun, the memecoin launchpad based on Solana (SOL), is reportedly preparing a token sale aiming to raise up to $1 billion at a fully diluted valuation of $4 billion. Citing sources familiar with the matter, Blockwords reported that the sale will be open to both private and public investors and could launch within the next two weeks. Details on…

MKR could be gearing up for a strong rally in the coming week, fueled by both technical signals and growing momentum around the Sky Protocol rebrand. According to data from crypto.news, Maker (MKR) surged over 17% on June 3, hitting an intraday high of $1,944 before settling around $1,892, its highest level since mid-May. The token’s market cap is hovering near $1 billion, and daily trading volume jumped nearly 50% to around $200 million, clear signs of rising activity and renewed investor interest. One of the main drivers behind Maker’s recent rally is the ongoing transition to SKY, the new…

A California bill that would allow state departments to accept cryptocurrency payments has passed the State Assembly with a unanimous vote. On June 2, California lawmakers approved Assembly Bill 1180 (AB 1180) with a 68-0 vote during its third reading. The bill, introduced by Assembly member Avelino Valencia, is now advancing to the State Senate for further consideration. If enacted, the legislation would require the Department of Financial Protection and Innovation to establish regulations allowing state fees and transactions under the Digital Financial Assets Law to be paid in digital currencies. The bill proposes a pilot program that would run…

PEPE remains the only token in the top gainers list with over $1 billion in trading volume. Market analysis shows that liquidation inflows are heavily skewed in favor of a rally. Pepe [PEPE] has recorded a notable market gain, rallying 9.23% in the past 24 hours. This places it among the last day’s top market gainers, according to CoinMarketCap. AMBCrypto’s analysis suggests that this 24-hour move could mark the beginning of a broader market rally, as accumulation and long positions continue to rise. PEPE hits major market momentum The top gainers list on CoinMarketCap—which tracks tokens with the most price…