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This Week

This Week in Crypto: Bitcoin Soars, ETF Inflows Surge, and Cetus Hacked

This past week in crypto, the market experienced a robust bullish trend, driven primarily by Bitcoin and it’s relentless climb to new all-time highs, signaling strong investor confidence and institutional adoption. The surge in Bitcoin ETF inflows, with major players like BlackRock and Fidelity reporting significant investments, underscored a

Solana

Cathie Wood from ARK Invest Praises Solana’s Anti-Fragile Features

The Solana blockchain is carving out a distinct niche in the crowded crypto landscape, showcasing resilience and consumer appeal that sets it apart from competitors like Ethereum. Speaking at the Solana Accelerate conference in New York City, Cathie Wood, founder of Ark Invest, highlighted the protocol’s ability to thrive

Sui

Cetus Protocol Hack Sparks Debate Over Sui Network Decentralization

On May 22, the decentralized finance platform Cetus Protocol, operating within the Sui network, suffered a significant security exploit, resulting in the loss of over $200 million in user funds. The attack, executed by an unidentified hacker, has not only disrupted the platform but also ignited a broader discussion within

Crime

Crypto Investor Accused of Kidnapping and Torturing Italian Tourist in Manhattan for Account Passwords

A disturbing case has emerged from New York City, where a cryptocurrency investor from Kentucky, John Woeltz, faces charges for allegedly torturing a 28-year-old Italian tourist in a high-end Manhattan apartment. Authorities claim the 37-year-old held the man captive for over two weeks in a violent attempt to extort cryptocurrency

Stablecoin

Major Guatemalan Bank Adds Stablecoin for Cross Border Payments

In a significant step forward for financial tech in Latin America, SukuPay, a fintech innovator specializing in seamless cross border payments, has fully integrated its stablecoin remittance engine into Zigi, the mobile banking app of Banco Industrial, Guatemala’s largest bank. This collaboration marks a milestone as the first instance

Solana

Kalshi Prediction Market Adds Solana Support After Including Bitcoin and USDC

Kalshi, a leading prediction market, announced on Friday that it now supports Solana crypto deposits. This addition allows users to fund their accounts seamlessly using a Solana (SOL) supported wallet, marking a significant step in Kalshi’s ongoing efforts to enhance user accessibility and flexibility. With Solana’s inclusion, the

Markets

Crypto Markets Slide as Trump’s EU Tariff Threat Sparks Trade War Fears

Crypto markets faced a sharp decline Friday, shedding 4.3% of their value and losing over $100 billion in a single day, following U.S. President Donald Trump’s proposal for steep 50% tariffs on the European Union. The announcement, which caught investors off guard, reignited concerns about a potential

Stablecoin

JPMorgan, Bank of America, Citigroup, Wells Fargo, Explore Issuing Joint Stablecoin

In a move signaling the convergence of traditional finance and the rapidly evolving cryptocurrency landscape, some of the nation’s largest banks are in early discussions to collaborate on issuing a joint stablecoin. Industry banking giants such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are among those

Gemini

Gemini Crypto Exchange Embraces Taproot Upgrade for Enhanced Bitcoin Transactions

Gemini, a leading Bitcoin and cryptocurrency exchange, has announced full compatibility with the Taproot upgrade, enabling withdrawals to Taproot addresses for both Gemini Exchange and Gemini Custody users. This significant update, marked by a creative collaboration with mining company Mara to inscribe a pizza JPEG on the blockchain for Bitcoin

Regulations

CFTC Signals Potential Legal Path for Crypto Perpetual Futures in US

A recent statement from Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger has sparked optimism in the cryptocurrency industry, hinting at a possible legal framework for trading perpetual futures contracts in the United States. This development could mark a turning point for a financial product that has thrived in offshore

Sui

Cetus Protocol Exploit Drains $223 Million from Sui Blockchain, Tokens Plunge

On Thursday morning, the Sui blockchain ecosystem faced a significant setback as Cetus Protocol, a leading decentralized exchange (DEX) and liquidity provider, suffered a $223 million exploit. The incident triggered a sharp decline in several Sui based tokens on decentralized exchanges, with some assets losing over 90% of their value

Crime

US Justice Department Seizes Domains Linked to LummaC2 Malware in Global Cybercrime Crackdown

The U.S. Justice Department has taken decisive action against a major cybercrime tool, announcing the seizure of five internet domains connected to LummaC2, a notorious malware used to steal sensitive information from millions of victims worldwide. The operation, revealed on Wednesday, targets a sophisticated malware that has facilitated crimes

Bitcoin

Bitcoin Pizza Day 2025 Celebrates Historic Milestone as Bitcoin Hits Record High

On May 22, 2025, the Bitcoin community gathers to celebrate Bitcoin Pizza Day, a pivotal moment in the history of cryptocurrency. Fifteen years ago, on May 22, 2010, a Florida-based programmer named Laszlo Hanyecz made history by purchasing two pizzas for 10,000 BTC. At the time, the transaction was

Bitcoin

Why 50 Million Americans Are Choosing Bitcoin Over Gold

In a striking shift in financial priorities, nearly 50 million Americans now own Bitcoin, surpassing the number of those holding gold. As of May 2025, approximately 49.6 million people in the United States, or about 14% of the population, have embraced the cryptocurrency, compared to 36.7 million who

Bitcoin

Bitcoin Surges Past $110,000 as ETF Demand and Economic Shifts Drive Record Rally

Bitcoin, the world’s leading cryptocurrency, broke new ground on Wednesday, climbing to an unprecedented $110,252 per coin. The milestone marks another chapter in Bitcoin’s remarkable ascent, fueled by robust institutional interest and favorable economic conditions. By 9:16 p.m., Bitcoin had touched a daily high of

Bitcoin

Bitcoin Soars to Record All Time High of $109,540 as Regulatory Optimism Fuels Rally

Bitcoin reached an unprecedented milestone on Thursday, climbing to a new all-time high of $109,540. This surge eclipsed its previous peak of $109,000 set in January, marking a significant moment for the world’s leading cryptocurrency. The rally, which has seen Bitcoin’s value increase by over a

Crime

American Tourist Has $123K in Bitcoin and XRP Stolen by Fake Uber in London

An American tourist’s dream layover in London turned into a nightmare when he was allegedly drugged, abducted, and robbed of his life savings by a fake Uber driver, according to local reports. Jacob Irwin-Cline, a 30-year-old former software developer from Portland, Oregon, lost $123,000 in cryptocurrency after a

Markets

Bitcoin Surges to $107,000 as All-Time High is On The Horizon

Bitcoin reached a significant milestone on Tuesday, climbing to $107,000 and positioning itself less than 2% shy of its all-time high of $108,786, recorded in January during President Trump’s inauguration. This marks the closest Bitcoin has come to its peak in four months, signaling a robust recovery

Libra

Argentina President Disbands LIBRA Memecoin Probe Unit After Judge Orders Bank Records Unsealed

Argentina’s government has abruptly dissolved an investigative task force established to examine the controversial LIBRA memecoin scandal, which has implicated President Javier Milei and his sister, Karina Milei. The decision, announced in a statement signed by both the president and the justice minister, comes just days after a federal

Stablecoin

French Bank's SG Forge to Launch Dollar-Backed Stablecoin on Ethereum

SG Forge, the cryptocurrency and blockchain division of Société Générale, one of Europe’s largest financial institutions, is preparing to launch a dollar-backed stablecoin on the Ethereum blockchain, according to a report by The Big Whale. This strategic move positions Société Générale as the first global banking group to issue

Stablecoin

Senate Advances GENIUS Act to Bolster Stablecoin Regulation and U.S. Dollar Dominance

The U.S. Senate took a significant step toward regulating stablecoins on Monday, voting 66-32 to advance the Guiding and Establishing National Innovation for U.S. Stablecoins Act, known as the GENIUS Act. This bipartisan legislation, led by Republican Sen. Bill Hagerty, aims to modernize America’s payment system by

Coinbase

Justice Department Opens Investigation into Coinbase Data Breach Involving Employee Bribery

The U.S. Justice Department has launched an investigation into a significant data breach at Coinbase, the largest cryptocurrency exchange in the United States, according to Bloomberg. The probe, which involves the department’s criminal division in Washington, is examining the circumstances of the breach, where hackers allegedly bribed employees

Solana

Solana’s Alpenglow Upgrade Signals Major Leap in Blockchain Performance

Anza, a developer studio, has introduced a transformative proposal for the Solana blockchain, unveiling what it describes as the most significant update to the network’s core protocol. Detailed in a newly released announcement, the Alpenglow upgrade aims to enhance Solana’s high-throughput Layer 1 blockchain by replacing its existing

Circle

USDC Stablecoin Issuer Circle May Sell Company to Coinbase or Ripple

Circle Internet Financial, the company behind the USDC stablecoin, has been navigating a pivotal moment in its trajectory. In early April, Circle filed paperwork to pursue a long-awaited initial public offering, signaling its intent to go public. However, recent developments suggest the IPO may not materialize as planned. According to

Bitcoin

Class Action Lawsuit Filed Against Michael Saylor's Strategy Over Bitcoin Investment Claims

A class action lawsuit filed on May 16, 2025, in the U.S. District Court for the Eastern District of Virginia has targeted Michael Saylor’s Strategy, formerly MicroStrategy, and its top executives, alleging misleading statements about the company’s Bitcoin focused investment strategy. The legal action, led by plaintiff