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Cetus Protocol Hacked for $200M+ – SUI Price Crashes as $60M USDC Moved to Ethereum
Key Takeaways: Cetus Protocol was exploited for over $200 million, causing mass panic across the Sui ecosystem. Strict KYC pushes darknet vendors toward DeFi platforms. Monero gains traction as darknet operators ditch traceable Bitcoin. Cetus Protocol, a decentralized exchange built on the Sui blockchain, has reportedly fallen victim to an exploit that may have siphoned off more than $200 million in digital assets. The breach, which was first flagged by pseudonymous Web3 researcher COMDARE3, has triggered widespread panic across the Sui ecosystem, with many tokens plunging in value. Market data from DEX Screener shows a brutal selloff, with assets like Lombard Staked BTC (LBTC) and AXOLcoin (AXOL) collapsing nearly 100%. Top Tokens on Cetus Suffer Huge Losses The top 15 tokens on Cetus all suffered losses of over 75% in the past 24 hours. The protocol’s smart contracts have since been paused, according to a post on the official Cetus X account. Alert Announcement There was an incident detected on our protocol and our smart contract has been paused temporarily for safety. The team is investigating the incident at the moment. A further investigation statement will be made soon. We are grateful for your patience. — Cetus (@CetusProtocol) May 22, 2025 Funds from the alleged exploiter’s wallet include $52 million in SUI, nearly $20 million in wrapped USDT, $4.9 million in Haedal Staked SUI (HASUI), and a large stash of lesser-known tokens such as Toilet (TOILET). On-chain analysts estimate the attacker has begun moving tens of millions to Ethereum, including a reported $60 million in USDC. Despite the scale of the incident, the Cetus team has attempted to downplay the exploit. In statements on Discord, team members referred to it as a “bug,” a characterization that has drawn backlash from compliance experts. Onchain Lens, a blockchain analysis firm, corroborated the severity of the incident, noting that the attacker “gained control of all SUI-denominated pools” and began moving stablecoins shortly afterward. Cetus ( @CetusProtocol ), the leading DEX and primary liquidity provider on $SUI , has reportedly been hacked. The attacker gained control of all SUI-denominated pools, exploiting over $200M, and has also started moving $USDC . https://t.co/Qh3cx2ymZM pic.twitter.com/cbv3d6KHLx — Onchain Lens (@OnchainLens) May 22, 2025 SUI, the native token of the Sui blockchain, is down sharply following the attack, as confidence in the network’s DeFi infrastructure takes a major hit. Crypto Lost $1.6 Billion to Hacks in Q1 In the first three months of 2025, the crypto ecosystem lost a whopping $1,635,933,800 across 39 incidents, according to the blockchain security platform Immunefi . The report claimed, “Q1 2025 marks the worst quarter for hacks in the history of the crypto ecosystem.” Most of that was the result of only two hacks of two centralized exchanges. Phemex suffered a $69.1 million loss in January, while Bybit lost $1.46 billion in February. Subsequently, the total number of losses in the first quarter marks a 4.7x increase compared to Q1 2024 . At that time, hackers and fraudsters stole $348,251,217. Notably, experts assume that the infamous North Korean Lazarus Group is behind the two largest attacks. They stole $1.52 billion, or 94% of total losses. The post Cetus Protocol Hacked for $200M+ – SUI Price Crashes as $60M USDC Moved to Ethereum appeared first on Cryptonews .

cryptonews 2025-05-22 15:39
Sui (SUI) Based Platform Hacked: How Much Altcoin Amount Lost? – CZ's Help Statement Came!
While the hacking incidents in the cryptocurrency market never seem to end, a new one was added today. Accordingly, Cetus, a decentralized exchange (DEX) built on the SUI blockchain, was hacked. The attacker withdrew $11 million worth of SUI tokens from the SUI/USDC pool alone. Following the hack, DEX Screener reported that many tokens have lost more than half of their value in the last 24 hours, according to Cetus market data, and the liquidity pool is almost empty. Some tokens, such as Lombard Staked BTC (LBTC) and AXOLcoin (AXOL), have lost almost all of their value, according to DEX Screener data. The top 15 tokens have lost more than three-quarters of their price. According to the information received, the attacker stole many altcoins, including approximately $52 million worth of Sui (SUI), $4.9 million worth of Haedal Staked SUI (HASUI), more than $19.5 million worth of Toilet (TOILET), and approximately $19.5 million worth of wrapped USDt (USDT). Chinese journalist Wu Blockchain said that the hacker drained token liquidity from various Cetus pools and replaced it with SUI. The hacker currently owns $150 million worth of altcoins, including $12.989 million SUI (approximately $52 million). Wu said the hacker then performed cross-chain transactions and exchanged them for Etheruem. Currently, the hacker has over 9,200 ETH (worth around $24 million) and is still exchanging ETH. Acknowledging the hack, Cetus Protocol said that an incident was detected in the protocol, the smart contract was paused for security reasons, and the incident is currently being investigated. Cetus Protocol’s token, CETUS, also experienced a massive drop of up to 35 percent and is currently trading at $0.1665. Alert Announcement There was an incident detected on our protocol and our smart contract has been paused temporarily for safety. The team is investigating the incident at the moment. A further investigation statement will be made soon. We are grateful for your patience. — Cetus (@CetusProtocol) May 22, 2025 Support Came From CZ! While the SUI price fell after the hack, support came to SUI from the cryptocurrency market. At this point, Binance founder CZ shared, “We are doing our best to help SUI.” We are doing what we can to help SUI. Not a pleasant situation. Hope everyone stay SAFU! — CZ BNB (@cz_binance) May 22, 2025 *This is not investment advice. Continue Reading: Sui (SUI) Based Platform Hacked: How Much Altcoin Amount Lost? – CZ's Help Statement Came!

BitcoinSistemi 2025-05-22 15:32
Solana whale moves $235 mln in 2 transactions – Bullish signal or sell-off ahead?
Solana gains momentum as whales accumulate, funding flips positive, and price eyes $180 breakout.

AMB Crypto 2025-05-22 15:00
Top 5 Altcoins to Buy As Bitcoin Hits New ATH!
The post Top 5 Altcoins to Buy As Bitcoin Hits New ATH! appeared first on Coinpedia Fintech News The crypto market today has forayed into a new phase of bullish momentum, driven by Bitcoin’s historic surge to a new all-time high beyond $111,000. This rally has pushed the total crypto market cap to an impressive $3.5 trillion, a 4.5% increase. Meanwhile, daily trading volume has soared to $197.45 billion, marking a sharp 53.67% rise. BTC dominance currently sits at 62.9%, and is expected to fade based on past experiences, and many believe the tide to altseason is about to return. Among the top contenders poised for strong performance are Ethereum, Solana, XRP, Chainlink, and SUI. Top 5 Altcoins to Buy Ethereum (ETH): Ethereum has shown a notable 5.15% gain in the last 24 hours, taking its price to $2662.56. Its run is fueled by a sharp increase in volume to $37.92 billion, a jump of nearly 65%. ETH’s recent rally represents a 50% increase from its pre-Pectra upgrade days, and many analysts expect this upward trend to continue. The price appears poised to break through the $3000 level in the coming weeks. Check out our Ethereum (ETH) Price Prediction 2025, 2026-2030! Solana (SOL): Solana is once again grabbing the spotlight with a 6.38% price surge since yesterday, taking its price to $178.72. Trading activity has intensified, with daily volume rising by more than 72% to $6.24 billion. Solana’s 2021 bull run performance, where it delivered a 100x return, continues to resonate with investors. With strong community support, an expanding DeFi ecosystem, and high-speed capabilities, SOL could soon reclaim the $200 mark. Technical indicators suggest that price targets of $220 and even $250 are within reach. XRP: XRP price has seen a 4.20% rise in the past 24 hours, changing hands at $2.43 after ranging between $2.34 and $2.45. Volume has also jumped to $4.29 billion, up over 43%. The renewed bullishness around XRP is supported by a surge in open interest, which now sits at $4.69 billion, and the fact that XRP futures are outperforming Ethereum ETFs. On a technical level, the XRP/BTC chart shows bullish RSI divergence, suggesting a potential reversal is near. In a bullish case, XRP could defy odds to hit $3 soon, as seen on the XRP/TetherUS chart. Chainlink (LINK): Chainlink, aka LINK price, is up 6.66% to $16.64 over the past day. Its price was assisted by a volume increase of nearly 63% to $784.63 million. LINK is expected to do good, thanks to its critical role as a decentralized oracle provider, integral for the functionality of DeFi, insurance protocols, gaming platforms, and real-world asset tokenization. Additionally, Chainlink staking has added a compelling incentive for long-term holders, with competitive yields attracting both retail and institutional interest. If LINK can break through resistance at $17.40, a move toward $19.80 is the next technical target. SUI SUI is rising as a standout in the Layer-1 category, posting a strong 8.98% gain over the past 24 hours to reach $4.18. It has traded in the range of $3.84 to $4.19, with volume spiking by nearly 74% to $2.14 billion. Backed by increasing development activity and rising social volume, SUI appears well-positioned for a breakout. Analysts are optimistic about its potential to reclaim its previous high of $5.37 and even eye $11. Also read our SUI Price Prediction 2025, 2026-2030! FAQs Is now a good time to invest in altcoins? Yes, with Bitcoin hitting new highs and its market dominance expected to decline, altcoins are likely to outperform in the short to mid-term. When will altseason start? Now that Bitcoin has created a new ATH with a price surge of over 10%, we can expect an altseason once BTC dominance falls below 60%. What altcoins should I buy? Considering the current trends, one can opt for blue-chip cryptos such as Ethereum, Solana, XRP, Chainlink, and SUI.

coinpedia 2025-05-22 14:50
BTC and XRP bull run starts, boosting the viral Bitcoin Pepe
Most crypto majors, including Ethereum, Ripple, and Solana, have recorded significant gains after Bitcoin hit a fresh all-time high earlier on Thursday. With Bitcoin bulls now eyeing the next target at $120,000, investors are looking for opportunities to activate their Bitcoin capital. Bitcoin Pepe , the first meme ICO on the Bitcoin network gives crypto enthusiasts a chance to rake in hefty gains from Bitcoin’s uptrend and the broader crypto bull run of 2025. With slightly over a week left to the announced CEX listing, it is no wonder investors are rushing to amass some BPEP tokens at the currently affordable price of $0.0359. Bitcoin hits fresh all-time high as market sentiment improves Bitcoin price remains on an uptrend, holding steady above the psychologically crucial zone of $110,000. In fact, as seen on its daily chart, the crypto major formed the bullish three white soldiers pattern; bolstering Bitcoin price to a new all-time high of $111,881 in early Thursday session. The risk-on mood has kept the bulls in control with the crypto fear & greed index rising from the previous session’s greed level of 68 to 69. After a period of consolidation, Bitcoin price has regained the bullish momentum to break the resistance around $106,600. In the short term, I expect Bitcoin price to continue soaring as investors move from the sidelines and buy. The most likely scenario is where it rises to $120,000 by the end of the week. Bitcoin price chart | Source: TradingView Read more: Best crypto stocks to buy as odds of Bitcoin price hitting $150,000 rise Bitcoin pepe upward momentum surges as presale comes to an end It’s been three months since the Bitcoin Pepe presale began and the countdown to its public listing is on. With the presale slated to end on 31st May, crypto enthusiasts are rushing to amass some BPEP tokens before the price skyrockets. It has become one of the highly talked-about projects in the meme crypto space. In addition to the limited time, confirmation of CEX listing has further bolstered the project’s virality and subsequent FOMO. So far, the project has raised over $10 million, with over $1 million in just a week. As Bitcoin’s market cap remains steady above $2 trillion, investors are looking for opportunities to benefit from the uptrend and the broader crypto bull run of 2025. Being the first meme ICO on the Bitcoin network, Bitcoin Pepe is an ideal investment opportunity. What’s more, with its robust growth potential, its current token price of $0.0359 will likely be the lowest it will ever get to moving forward. Ripple price defies upside limit as XRP ETFs launch XRP price chart | Source: TradingView For more than a week now, Ripple price has been under pressure as the market processes the recent rejection of the joint agreement request by Ripple Labs and SEC. However, with the improved risk-on mood and launch of XRP futures ETF, the altcoin rallied to a one-week high in early Thursday session. Data from CoinMarketCap showed a price increase of 2.61% over the past 24 hours. Besides, its trading volume has surged by 45.56%. An increase in trading volume usually signals heightened investor interest. A look at its four-hour price chart shows the 25 and 50-day EMAs converging at the support zone of $2.3865. In the near term, I expect the altcoin to hold steady above that zone with $2.4550 being the resistance level to beat. Beyond that zone, the bulls will have cleared their path to the psychologically crucial level of $2.5000. The bulls remain in control for as long as Ripple price continues to trade above $2.3434. Read more: Top 4 blue-chip altcoins to buy as the crypto bull run starts The post BTC and XRP bull run starts, boosting the viral Bitcoin Pepe appeared first on Invezz

Invezz 2025-05-22 14:45
Altcoin Season 2025: Top 10 Altcoins To Stack Now
Bitcoin hits $111K, dominance rises — altcoin season may begin. U.S. altcoins like ONDO, SUI, LINK are gaining strong momentum. Ripple and Hedera aim for regulated, real-world asset growth. The crypto market is showing strong activity again as Bitcoin reaches a new all-time high of $111,861 and its market dominance keeps rising. This has raised hopes for a possible altcoin season — a period when altcoins outperform Bitcoin. In the past, two main signals have marked the start of such a season: Bitcoin breaking its previous record and its market dominance increasing. Both of these are happening now, with Bitcoin dominance moving from around 50% to nearly 61% in 2025, while most altcoins have struggled to keep up. If this trend continues, altcoins could soon see a strong rally. AltcoinBuzz has shared 10 altcoins that will soon pump because Bitcoin has surged past $110k. Made-in-the-US Altcoins The U.S. is quickly becoming a hub for regulated crypto innovation, especially with real-world asset (RWA) tokenization making headlines. Here are five U.S.-based projects leading the charge: ONDO Finance (ONDO): A top RWA protocol recently partnered with JP … The post Altcoin Season 2025: Top 10 Altcoins To Stack Now appeared first on Coin Edition .

Coin Edition 2025-05-22 14:30
Hyperliquid (HYPE) Captures Investors’ Attention with Skyrocketing Performance
Bitcoin's rise shifts investor focus to Hyperliquid (HYPE). HYPE surpasses $30, drawing strong interest from investors. Continue Reading: Hyperliquid (HYPE) Captures Investors’ Attention with Skyrocketing Performance The post Hyperliquid (HYPE) Captures Investors’ Attention with Skyrocketing Performance appeared first on COINTURK NEWS .

CoinTurk News 2025-05-22 14:02
Best crypto to buy now as Bitcoin hits new all-time high above $111K
The price of Bitcoin (BTC) has hit a new all-time high above $111,000, breaking higher as momentum took it past the previous peak. With sentiment largely bullish, the potential for the benchmark digital asset to go parabolic in coming weeks and months has analysts pointing to what could be the key levels to watch. This outlook has drawn the market’s attention to Bitcoin Pepe – the cryptocurrency that looks set to derive momentum from BTC and SOL. Bulls target gains as Bitcoin price hits $111k Standard Chartered recently forecast Bitcoin’s value will reach $500k or higher in the next four years. Notably, the bank’s analysts see BTC skyrocketing amid institutional adoption and US support for crypto. Continued demand as shown via spot exchange-traded funds (ETFs) add to this outlook. On Wednesday, May 21, Bloomberg ETF analyst Eric Balchunas pointed to BlackRock’s IBIT ETF and its inflows. Eric Balchunas @EricBalchunas · Follow $IBIT is going to post its 2nd biggest volume day ever today (outside chance it ends with most). Classic feeding frenzy in effect, new ATHs will do that, eg last time traded this much was 1/23 (last ATH). All the btc ETFs are elevated, most gonna see 2x their average. Flows 10:26 pm · 21 May 2025 877 Reply Copy link Read 44 replies This trajectory, though with a few bumps and dumps in between, allude to overall long-term bullish sentiment. Indeed Bitcoin’s surge to a new ATH above $111k comes as the market celebrates the famous ‘Bitcoin Pizza Day.’ Pizza Day represents the day developer Laszlo Hanyecz bought two pizzas for 10,000 BTC. It is now 15 years since and the Bitcoin price has exploded from nearly zero to over $111k . Hanyecz’ BTC could be worth over $1.1 billion today. CyptoQuant says the 10k BTC for pizza was a high price. However, it is what helped turn Bitcoin into a payment option. Growth has been relentless since. Michael Saylor’s Strategy, which adopted Bitcoin as a treasury asset in 2020, has since acquired a staggering $40 billion worth of the coin. In the short five years, the company’s BTC portfolio has an unrealised profit that currently stands at more than $23.8 billion. The question is – does Bitcoin price still have room to go up from here? Most analysts are bullish. Is Bitcoin Pepe worth a look as BTC rallies? Altcoins are retesting some critical levels as top coins such as Ethereum (ETH), XRP (XRP) and Solana (SOL) consolidate amid potentially rising risk asset markets ride broader tailwinds. This is as Bitcoin sees institutional interest mount. On May 21, as BTC spiked to a new ATH, Strategy founder Michael Saylor said buying at the top will still be profitable when price doubles and even triples from there. Investors looking to ride this bull market potential are thus eyeing likely gems. Michael Saylor @saylor · Follow If you’re not buying bitcoin at the all-time high, you’re leaving money on the table. 6:40 pm · 21 May 2025 0 Reply Copy link Read more on Twitter A rising tide benefits all boats is what has the altcoin market upbeat. While not similar to previous cycles, there is the acknowledgement that capital will rotate as inflows hit record highs. That means increased interest. Bitcoin Pepe (BPEP), going live on exchanges soon, could be the best memecoin to ride this sentiment. It’s the first meme layer 2 on Bitcoin, a project that eyes Bitcoin’s $2 trillion market. Combining memecoins, BTC and Solana makes Bitcoin Pepe stand out from the crowd. Ahead of its market debut, Bitcoin Pepe’s presale has smashed past $10 million in early bids. Meanwhile, the project has demonstrated its potential for traction with multiple key strategic partnerships, including with Super Meme, Catamoto and Plena Finance. Upcoming market debut, partnerships and roadmap milestones as well as BTC forecast combine to strengthen BPEP’s bullish outlook. With 9 days to go before the Bitcoin Pepe presale ends on May 31,2025, this might be the best time to buy this altcoin. Currently, the BPEP token is available at a hugely discounted price of $0.0359. The post Best crypto to buy now as Bitcoin hits new all-time high above $111K appeared first on Invezz

Invezz 2025-05-22 13:33
XRP, Solana, Cardano, Shiba Inu Mount Price Explosions as Ether Leads $2.5 Trillion Altcoin Season
According to cryptocurrency traders and investors, altcoin season, a period when alternative cryptocurrencies outperform the leading asset Bitcoin, is expected to kick off anytime soon. As if to validate their sentiments, new market data hints at an Ethereum bottoming, with several major altcoins showing similar promising signals. According to data from the on-chain analytical platform Cryptoquant, the relative price of the second-largest cryptocurrency by market cap, compared to Bitcoin, might have seen its bottom. This development is considered bullish for the altcoin market, as it could “signal the beginning of an Alt season,” CryptoQuant wrote. Key Altcoins Showing Recovery Signs The ETH/BTC price ratio has skyrocketed by 38% over the last week. This upward movement comes after the ratio hit the lowest level recorded since January 2020. As displayed historically, the ratio level has indicated a relative bottom for ETH and exceeded the larger altcoin outperformance. Similar patterns are emerging across other major altcoins. XRP, which has been consolidating near multi-year lows against Bitcoin, is showing signs of accumulation as institutional interest in Ripple’s payment solutions continues to grow. The recent regulatory clarity around XRP has positioned it as a potential breakout candidate during this emerging altcoin cycle. Solana has demonstrated remarkable resilience, with its ecosystem activity remaining robust despite broader market pressures. The blockchain’s high-performance capabilities and growing DeFi ecosystem have attracted significant developer activity, creating a foundation for potential outperformance as altcoin season gains momentum. Meanwhile, Cardano has been quietly building momentum through its steady development progress and upcoming network upgrades. The smart contract platform’s methodical approach to development has created a loyal community base, and technical indicators suggest ADA may be primed for a significant move alongside Ethereum’s recovery. Even meme coins are participating in the early signs of altcoin season revival. Despite its speculative nature, Shiba Inu has maintained strong community engagement and has been developing utility through its ecosystem expansion, including the ShibaSwap DEX and upcoming layer-2 solution. Technical Analysis Confirms Bottom Formation Putting the current market trend into perspective, excerpts of CryptoQuant’s analysis reads: “ETH recently entered an extreme undervaluation zone relative to Bitcoin, based on the ETH/BTC MVRV metric, for the first time since 2019. Historically, similar conditions in 2017, 2018, and 2019 were followed by periods where ETH outperformed Bitcoin significantly, signaling strong mean-reversion potential.” This pattern extends beyond Ethereum. XRP’s technical indicators show oversold conditions similar to those seen before its previous major rallies, while Solana’s on-chain metrics demonstrate continued network growth despite price suppression. Cardano’s development activity remains high, suggesting fundamental strength that could translate to price appreciation once market sentiment shifts. Remarkably, the increase in demand for ETH relative to Bitcoin as well as the decline in selling pressure, is another market trend affirming ETH’s recent underperformance and possible bottom against Bitcoin. Similar accumulation patterns are visible across the altcoin spectrum, with smart money quietly positioning for the expected altcoin resurgence. Volume Surge Indicates Renewed Interest Another key event validating the presence of altcoin season is the price in the relative ratio of ETH’s spot trading volume, which hit 0.89, a level last seen in August 2024. As the analysis highlighted, this development points to an increase in traders, holders, and investors’ exposure to ETH in comparison to Bitcoin. The volume surge isn’t limited to Ethereum. XRP has seen increased whale activity, with large transactions suggesting institutional accumulation. Solana’s trading volume has maintained healthy levels despite market volatility, while Cardano has experienced renewed retail interest following recent development milestones. Even Shiba Inu has maintained surprisingly consistent trading volume, indicating sustained community engagement. It bears mentioning that this pattern was experienced from 2019 to 2021, a time when ETH outpaced Bitcoin by increasing its value by four times its price. During that same period, other major altcoins experienced even more dramatic gains, with some assets delivering 10x to 100x returns as the altcoin season peaked. Market Outlook At press time, the second-largest cryptocurrency by market cap is valued at $2,672 per coin, while XRP trades around key support levels. Solana maintains its position as a top-10 cryptocurrency, Cardano shows signs of breaking from its consolidation pattern, and Shiba Inu continues to benefit from meme coin momentum. As these technical and fundamental indicators align, the cryptocurrency market appears to be setting the stage for what could be the next significant altcoin season, with Ethereum leading the charge and major altcoins like XRP, Solana, Cardano, and even speculative assets like Shiba Inu positioned to potentially benefit from the shifting market dynamics.

ZyCrypto 2025-05-22 13:26
Pakistan to Launch Digital Assets Authority to Regulate Crypto and Blockchain
Key Takeaways: Pakistan will launch the Pakistan Digital Assets Authority to regulate crypto, DeFi, and tokenized platforms. The new body aims to attract global investment and support blockchain innovation across key sectors. With over 27 million users expected by 2025, Pakistan is positioning itself as a leading crypto market in the region. Pakistan is set to establish a new national authority to oversee its fast-growing crypto and blockchain ecosystem, marking a major policy shift after years of regulatory uncertainty. The Ministry of Finance has endorsed the creation of the Pakistan Digital Assets Authority (PDAA), which will act as the primary regulator for digital asset exchanges, wallets, custodians, tokenized platforms, stablecoins, and decentralized finance (DeFi) services. The announcement was made via a May 21 report by state broadcaster PTV. Pakistan Aims to Lead in Financial Innovation with New Digital Assets Authority Finance Minister Muhammad Aurangzeb described the move as a bid to not only catch up, but lead. “With the PDAA, we are creating a future-ready framework that protects consumers, invites global investment, and puts Pakistan at the forefront of financial innovation,” he said. The PDAA will also be responsible for tokenizing national assets and government debt, exploring regulated Bitcoin mining as a way to monetize surplus electricity, and supporting startups building blockchain-based infrastructure at scale. The initiative follows recommendations from the Cryptocurrency Council, a new advisory body launched in March, which lists former Binance CEO Changpeng Zhao as an advisor. “This is not just about crypto — it’s about rewriting our financial future, expanding access, and creating new export channels through tokenization, digital finance, and Web3 innovation,” Bilal Bin Saqib, head of the council, said. Pakistan has launched the Pakistan Digital Assets Authority (PDAA) to regulate its $25 billion informal crypto market and foster a secure digital asset ecosystem. #DigitalAssets #PDAA #Blockchain #Web3 #PakistanEconomy #CryptoRegulation pic.twitter.com/1SCX7Oh6fy — Startup Pakistan (@PakStartup) May 21, 2025 Pakistan’s regulatory stance has evolved rapidly. Just last year, officials had ruled out legalizing cryptocurrencies due to anti-money laundering concerns. But with Pakistan ranked ninth in Chainalysis’ 2024 global crypto adoption index, pressure has mounted to establish clear rules as local adoption surges. According to Statista, Pakistan’s crypto user base is projected to surpass 27 million by 2025, with market revenue expected to reach $1.6 billion. Trump-Backed WLFI Signs LOI with Pakistan Crypto Council Last month, World Liberty Financial (WLFI), a decentralized finance (DeFi) project endorsed by the Trump family, signed a Letter of Intent (LOI) with the Pakistan Crypto Council to promote blockchain adoption and DeFi growth across Pakistan. The agreement was formalized on April 26 during a high-level meeting between WLFI co-founders Zak Folkman, Zach Witkoff, and Chase Herro, alongside Pakistan’s Prime Minister and senior government officials. The partnership aims to accelerate blockchain innovation by establishing regulatory sandboxes to test blockchain-based financial solutions. Pakistan’s Finance Ministry is taking steps toward formal cryptocurrency regulation , which could significantly change the country’s historically cautious stance on digital assets. In a meeting with an international delegation focused on crypto investment and blockchain development, Aurangzeb emphasized the importance of exploring the sector’s potential rather than dismissing it outright. The delegation included notable figures such as Gentry Beach Jr., a key investor who has pledged $1 billion in funding to Pakistan, along with tech entrepreneur Nikita Goldsmith, blockchain consultant Alex Malkov, and Cosmic Wire CEO Jerad Finck. The post Pakistan to Launch Digital Assets Authority to Regulate Crypto and Blockchain appeared first on Cryptonews .

cryptonews 2025-05-22 13:19
JUST IN! FIFA Announces Collaboration with a Surprise Altcoin!
FIFA, the governing body of international football, is collaborating with Avalanche (AVAX) to create its own blockchain. This announcement is not FIFA's first foray into the world of blockchain and cryptocurrency. FIFA has released a nonfungible token (NFT) collection on the Algorand blockchain ahead of the Qatar World Cup in 2022. FIFA announced in April that it would continue to pursue its Web3 initiatives but would be leaving Algorand and moving its collection to a new FIFA-based blockchain. Now in the statement it was stated that this chain is Avalanche. John Nahas, chief operating officer of Ava Labs, said: “Avalanche is designed for businesses and organizations looking to build custom, high-performance blockchain solutions. “The decision to launch FIFA’s L1 on Avalanche is a testament to our technology’s ability to support global-scale applications with speed, flexibility and security. FIFA is a world-famous brand and league. Avalanche provides the infrastructure and scale to evaluate its global audience, fan base and business goals on its own terms, and expand with assets, applications and use cases as it grows.” While FIFA currently only has a World Cup NFT collection and a digital collectibles marketplace, it has not shared what other projects it plans to release on its new blockchain. *This is not investment advice. Continue Reading: JUST IN! FIFA Announces Collaboration with a Surprise Altcoin!

BitcoinSistemi 2025-05-22 13:07
SPX6900 rallies 104% – Is $1 next, if so, can SPX sustain it?
SPX6900 surged 104% in a month, with bullish indicators pointing toward a possible $1 breakthrough.

AMB Crypto 2025-05-22 13:00

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