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!
2025-05-22 15:32
The leading cryptocurrency Bitcoin (BTC) broke new ATH in the rising wave it started yesterday. The Bitcoin price, which continues to rise, broke a record by exceeding $ 111,000 on Thursday morning. As Bitcoin raced from record to record, this rise increased trading on options exchange Deribit. Accordingly, the rally in Bitcoin led to record activity in the Deribit options market, bringing new highs. Speaking to Coindesk, Deribit CEO Luuk Strijers reported that after the new record in Bitcoin, the open interest value of Deribit Bitcoin options broke a record by rising to $42.5 billion. Stating that BTC reaching record levels also mobilized option whales, Strijers said that traders are betting on higher prices. According to Deribit CEO, the most popular options were $110,000, $120,000 and $300,000. “The majority of options traded in the past 24 hours have been $120,000 and $130,000 calls for the end of May and June. The most popular options are $110,000, $120,000 and $300,000, expiring on June 27. The $110K, $120K and $300K call options expiring on June 27 are currently the most open positions indicating a strong bullish trend in the market.” *This is not investment advice. Continue Reading: Bitcoin Hits Another Record After New ATH! Options Whales Are On The Rise Again: Here Are The Record Levels They've Been Waiting For!
2025-05-22 15:03
While Bitcoin (BTC) and cryptocurrency reserve studies continue in the USA and its states, a new move came from the state of Michigan. Accordingly, Michigan lawmakers have introduced four bills regarding cryptocurrencies. Michigan lawmakers have introduced four new bills related to Bitcoin and cryptocurrencies, according to Decrypt. The new bills in Michigan would allow Bitcoin retirement investments, ban state CBDC backing, and offer tax breaks for crypto mining in oil fields. House Bill 4510 aims to allow public pension funds to invest in Bitcoin through regulated ETF products, provided that the funds have an average market value of at least $250 billion over the past year. House Bill 4511 seeks to prohibit government agencies from supporting or promoting a U.S. central bank digital currency (CBDC). The bill aims to block government support for a U.S. central bank CBDC and prohibit government agencies from any licensing, taxation, or official advocacy of CBDCs. Bills 4512 and 4513 focus on encouraging BTC mining in abandoned oil wells and offer tax incentives to companies that engage in such operations for environmental remediation. As you may recall, in recent weeks, the US state of New Hampshire has signed a first in the US and approved a bill allowing crypto investments. *This is not investment advice. Continue Reading: Very Positive Development for Bitcoin (BTC) and Cryptocurrencies in One of the Largest States in the USA! "Four New Laws on the Way!"
2025-05-22 14:22
The leading cryptocurrency Bitcoin (BTC) surpassed its previous ATH for the first time yesterday after a difficult 4 months and reached a new ATH. Bitcoin continues to break records, rising above $111,000 in the morning hours. While it is stated that the new record in BTC is due to the increasing interest of institutional investors, the rally is expected to continue. At this point, Presto Research analyst Min Jung said that Bitcoin’s recent rise above $111,000 was largely driven by institutional accumulation, with major firms such as Strategy, Metaplanet, and Twenty One Capital making the biggest contributions. Jung noted that this cycle is different from other bull cycles, arguing that this cycle is driven by long-term institutional capital, unlike previous bull runs that were dominated by retail speculation. Despite the new records, the bull run is still in its early stages, Jung said, adding that the current uptrend is a sign of broader institutional adoption and he expects the rally to continue. “Bitcoin’s surge above $111,000 is driven primarily by treasury holdings from firms like Strategy, Metaplanet, and Twenty One Capital. “Unlike previous bull runs, this rally appears to be fueled by institutional and long-term capital rather than retail speculation.” Jung finally added that they expect Bitcoin to reach $210,000 by the end of 2025. Bitcoin continues to trade at $110,620 at the time of writing. *This is not investment advice. Continue Reading: Bitcoin (BTC) Runs From Record to Record Again, Analysis Firm Announces Price Target!
2025-05-22 13:38
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!
2025-05-22 13:07
World Liberty Financial has officially announced its support for BUILDon (B), a memecoin built on the Binance Smart Chain (BSC), through a strategic token purchase aimed at strengthening the project team. World Liberty Financial Supports BUILDon with Token Purchase This investment underscores the firm’s confidence in BUILDon’s potential and its broader mission to support emerging blockchain startups. In addition to the token purchase, World Liberty Financial also called on other crypto projects to adopt USD1 as their primary trading pair, highlighting its role in increasing liquidity and price stability across platforms. BUILDon recently gained initial visibility within the trading community by being listed on Binance Alpha. Following World Liberty Financial’s announcement, the token experienced a significant temporary price increase of over 140%, reflecting increased investor interest and renewed momentum around the project. This move points to a growing trend of institutional interest in niche crypto assets and suggests a broader shift in market dynamics that favors memecoins with strong community and ecosystem support. *This is not investment advice. Continue Reading: Donald Trump-Backed World Liberty Financial (WLF) Announces Support for a New Memecoin! Here Are the Details
2025-05-22 12:58
Braden John Karony, CEO of SafeMoon, one of the popular altcoins, was found guilty of all crimes in the cryptocurrency fraud case filed against him in the case heard in the US District Court for the Eastern District of New York. SafeMoon CEO Karony pleaded guilty to securities fraud, wire fraud and money laundering conspiracy following a 12-day trial in the Eastern District of New York. Karony faces up to 45 years in prison. The lawsuit alleged that Karony and his accomplices misled investors about the structure and security of SafeMoon, an altcoin issued in 2021 that imposes a 10% transaction tax on transfers. Karony and others reportedly maintained their access to the SafeMoon liquidity pool and took significant amounts of money for personal use. Although Karony and his accomplices said they did not hold or trade SafeMoon (SFM), the lawsuit alleges they repeatedly bought and sold SFM at peak prices. It was also stated that Karony traded on centralized exchanges using pseudonymous wallets and unhosted accounts, concealing the use of investor funds. Karony alone allegedly received more than $9 million in benefits and used this money to buy luxury assets such as luxury real estate, two Audi R8 sports cars and a Tesla. “SafeMoon was initially considered very safe. However, investors were deliberately scammed by a man named Karony who wanted to steal millions of dollars and get rich quick, and it turned out to be a figment of imagination for the believing investors. When SafeMoon’s market capitalization reached over $8 billion, Karony and his accomplices fraudulently obtained and misused millions of dollars worth of liquidity from the SafeMoon liquidity pool for their personal gain. Karony defrauded investors and used them to purchase multiple homes, sports cars, custom vans and other luxury items.” Following this news, SafeMoon (SFM) is down nearly 10% in the last 24 hours. *This is not investment advice. Continue Reading: US Court Finds This Altcoin CEO Guilty of Fraud! "He Could Get 45 Years!" – Price Drops!
2025-05-22 12:25
Changpeng Zhao (CZ), the former CEO of Binance, the world's largest cryptocurrency exchange, made a new post after Bitcoin broke a record by exceeding $ 111,000. Explaining the point to be considered when investing in Bitcoin (BTC), CZ said that one should look at the annual chart of BTC, not the one-minute chart. CZ, in his post from his X account, said that he was sorry for those who sold Bitcoin at $77,000. CZ pointed out that Bitcoin has increased by over 40% from $77,000 and recommended looking at the annual chart instead of focusing on the one-minute chart when making sales or trading decisions in BTC. “I feel bad for those who sold Bitcoin at $77,000. Don't forget to look at the yearly chart instead of the 1-minute chart sometimes.” Feel sorry for those who sold at $77k. Remember to look at a yearly chart instead of a 1 minute chart once in a while. pic.twitter.com/zQScaM26oe — CZ BNB (@cz_binance) May 22, 2025 He had warned us before! CZ had recently shared a post about Bitcoin and altcoin investments. CZ stated that both investing in cryptocurrencies and not investing in them are risky and that investment decisions should be made after good research. Related News: Binance Founder CZ Warns About Bitcoin (BTC) and Altcoin Investments! *This is not investment advice. Continue Reading: Following the New Record in Bitcoin, Binance Former CEO CZ Posted a Post! "He Gave Gold Advice to BTC Investors!"
2025-05-22 12:14
Cryptocurrency analyst Simeon Koch made striking statements about the possibility of an altcoin season by evaluating the current macroeconomic conditions. According to Koch, Bitcoin and altcoin markets are currently under serious pressure. The main reason for this is that interest rates on US government bonds are at their highest levels in recent years. “Bitcoin and altcoins have a big problem right now: US government bond yields are higher than they have been in a long time. Historically, that has been very negative for risky assets like cryptocurrencies,” Koch said, adding that high bond yields indicate economic uncertainty, tight monetary policy and weak investment appetite. These three factors negatively affect Bitcoin and altcoins because these assets usually gain value during periods of quantitative easing and when investors’ risk appetite is high. Koch states that high interest rates pose a threat to the economic health of the US in particular. Moreover, despite Donald Trump’s crypto-friendly stance, this picture is straining the US economy. In the bond market, interest rates and bond prices are inversely proportional. If investors lose confidence in bonds and sell them, prices fall and interest rates rise. This increases the government's borrowing costs. Recently, the credit rating agency Moody's downgraded the US credit rating from AAA to AA1. This step accelerated the loss of confidence in the market. Although Fitch (2011) and S&P (2023) had previously taken similar steps, Moody's decision was also enough to shake investors' confidence. High interest rates make it harder for both the government and the private sector to borrow. By 2025, the U.S. will have about $9.2 trillion in debt coming due and will need to be refinanced with new bonds. But current high interest rates make that process prohibitively expensive. Related News: New Development in GENIUS Bill That Will Determine the Fate of Cryptocurrencies in the US Koch says the U.S. has three potential paths to lower high bond yields: Boosting economic optimism: Strong economic data can boost investor confidence and stimulate bond demand. FED's interest rate cut: By lowering the policy rate, the relative attractiveness of existing bonds increases. FED returns to bond-buying program (Quantitative Easing): Large purchases of bonds from the market artificially push interest rates down. According to Koch, all three scenarios could create a bullish wave in risky assets, especially altcoins, as periods of monetary easing have historically heralded bull markets for cryptocurrencies. “Currently, there may be uncertainty in the bond markets. However, if this uncertainty is resolved, there is a high potential for us to see a sharp rally in the Bitcoin and altcoin markets. We need to be patient,” he concluded. *This is not investment advice. Continue Reading: Bitcoin Hits a New Record, But When Will the Big Altcoin Bull Run Begin? Analyst Reveals Conditions
2025-05-22 11:37
JUST IN! FIFA Announces Collaboration with a Surprise Altcoin!
