Yuga Labs CEO Greg Solano has proposed the dissolution the ApeCoin DAO in favour of creating a new centralised entity called ApeCo.The suggestion reflects a significant shift in governance strategy, moving away from a community-led model to a more controlled structure overseen by Yuga Labs. This plan involves transferring all assets and responsibilities from the DAO to ApeCo, which would take over management of projects such as ApeChain, the Bored Ape Yacht Club, and Otherside.The proposal is currently open for review by ApeCoin tokenholders, who will decide through a formal vote whether the transition should proceed. Source: Greg Solano (X)Why…
Author: cryphedge
Circle’s CRCL shares are drawing strong interest following the company’s recent listing on the New York Stock Exchange. The firm, best known for issuing the USDC stablecoin, has seen its stock price rise sharply since launch.Data from Yahoo Finance shows Circle’s stock climbed nearly 22% in pre-market trading, reaching above $130 before retracing slightly at open to $123. This follows an earlier surge during its IPO launch that pushed the stock to $107 at the close of trading on June 6.Industry observers have pointed out that Circle’s recent IPO ranks among the most successful fintech offerings in recent years. It…
Sydney, Australia, June 9th, 2025, Chainwire With the support of Galaxy Ventures and previous investment from notable industry leaders like Vitalik Buterin, RISE sets out to solve the blockchain adoption challenge with its exponentially faster blockchain technology; offering real-time performance of as low as 5ms latency and a 100k TPS target, while maintaining a decentralization-first roadmap. RISE, a real-time blockchain scaling Ethereum with record throughput and ultra-low latency, announced a $4 million investment from Galaxy Ventures, bringing total funds raised to date to $8 million. This latest funding round will enable RISE to continue to push the boundaries of blockchain…
Bitcoin price has climbed sharply over the last 24 hours, continuing its upward momentum from a recent bullish trend. The asset is currently trading above $107,000 after forming strong support levels. Major altcoins such as Ethereum, priced at $2,500 at the time of writing, are all showing a steady increase as well. XRP, Solana, and Dogecoin are making positive movements in the market today. The whole crypto market is witnessing this growth, as the total market capitalization went up to $3.34 trillion with an increase of 1.65% over the timeframe. Bitcoin Price Resurges Above Head & Shoulders Neckline Bitcoin price…
A new House bill introduced Friday would lock in President Trump’s unprecedented executive order establishing a Strategic Bitcoin Reserve, signaling the GOP’s deepening embrace of digital assets as fiscal and geopolitical leverage tools.The bill, H.R. 3798, sponsored by Rep. Tim Burchett (R-TN), aims to codify Executive Order 14233, signed by Trump.Bitcoin reserve law (Source: Congress.gov)The order halted federal Bitcoin auctions and directed agencies to consolidate BTC holdings under Treasury’s management. If enacted, the legislation would ensure the long-term existence of a U.S. Bitcoin reserve and a Digital Asset Stockpile for seized altcoins, shielding the program from future repeal.“It’s time we…
Two wallets accumulated over $9M in HYPE within 24 hours using coordinated spot orders. Both wallets funded spot accounts from Arbitrum and PERP before large HYPE buys. Despite large holdings, both wallets show slight unrealized losses from post-buy price shifts. A surge in high-value HYPE token transactions was recorded between June 8 and 9, 2025, with two crypto wallets, identified as 0xd83 and 0x9E8, executing purchases exceeding $9 million. On-chain records show a clear pattern of structured accumulation, involving pre-funded spot accounts and synchronized execution of large buy orders. Wallet address 0xd83CfF88A32fFbf3951f2b13e4A0A37103b3193D made a major acquisition on June 9, beginning…
Digital asset investment products attracted $224 million in inflows last week, extending a seven-week streak that now totals $11 billion, according to CoinShares‘ latest weekly report.However, James Butterfill, CoinShares’ head of research, noted that the pace of inflows into these products continues to slow.Butterfill pointed to rising uncertainty over US monetary policy as a key factor driving this trend. He noted that investors are cautious while awaiting further signals from the Federal Reserve on inflation and potential interest rate changes.According to him:“There has been a noticeable deceleration amid uncertainty over monetary policy, with investors adopting a wait-and-see stance ahead of…
Web3 strategy MMO Star Atlas have launched Holosim – a free-to-play version of their popular SAGE Labs browser game – as a testbed for new features.Making its test phase debut on June 4, the gameplay is identical to SAGE Labs – side with a faction, manage your fleet and complete contracts to dominate the stars – albeit without any Web3 features. This gives brand-new players a way to try out the game for free before heading into the true experience, and gives current players a taste for what features will hit the main game in the near future.In-development features that…
Ripple’s native token is trading in the green on Monday and touched a high of $2.29 in the day’s trade. XRP is now listed in the NASDAQ Crypto US Settlement Price Index (NCIUS) and traders have turned bullish on the development. It is up nearly 2.1% and sustainably scaled up in the charts in the last seven days. The leading altcoin shot up close to 5% in a week after trading sideways for two months. The price rise comes after an increase in trading volume as it touched the $2.8 billion mark.Also Read: XRP Breakout: Ripple’s June Moves Stoke $10…
Bitcoin Pepe distinguishes itself with the ambition to “build Solana on Bitcoin.” The presale has raised more than $14 million so far, ahead of a listing announcement on June 17. BPEP has partnered with Super Meme, Catamoto, GETE Network, and Plena Finance for a stronger ecosystem. The broader cryptocurrency market edged modestly higher on Monday, but sentiment remains tentative as traders digest the fallout from last week’s sharp sell-off. Focus has shifted to the US-China trade negotiations in London, where US Treasury Secretary Scott Bessent is expected to meet with Chinese Vice Premier He Lifeng. The outcome of these…
