bitkoban

Latest from Cryptopolitan

SUI LP provider Cetus DEX exploited as SUI pools drained in hack
Cetus DEX is facing an exploit as SUI pools are drained. The main SUI LP provider lost liquidity, leading to stalled swaps. Cetus, one of the main DEXs on the SUI network, is facing an exploit. Users report price anomalies, and data shows SUI pools have been drained. The hack may have originated within the Cetus DEX itself, affecting the liquidity of the SUI token. Cetus did not announce the exploit or its origin. The attack was fast and affected the markets within minutes, but soon after that, prices and liquidity started to recover. Hackers sacked top SUI LP provider The initial loss from the attack was estimated at $11M, coming from the biggest liquidity pool on the DEX. The SUI/USDC pool later recovered its pricing data, but continued with only $2.5M in USDC liquidity. The exploiter address started out with over $12M in assets over a total of 267 different coins and tokens. Within an hour, the wallet only contained $5M. Binance’s founder Changpeng ‘CZ’ Zhao announced the exchange would assist with intercepting funds. We are doing what we can to help SUI. Not a pleasant situation. Hope everyone stay SAFU! — CZ 🔶 BNB (@cz_binance) May 22, 2025 All Cetus pools are being drained, affecting additional meme token prices. Some of the assets lost over 80% of their value, then rapidly rebounded, creating price anomalies. Users are also reporting failed swaps or slower DEX responses. 25 min ago Cetus, main LP provider DEX on $SUI , allegedly hacked. $11M in $SUI drained from SUI/USDC pool, with most tokens down 75%+ as pools are emptied. pic.twitter.com/kl74FQubMX — VM_TRADE (@VM_TRADE1) May 22, 2025 The exploit affected multiple liquidity pools, tanking the price of meme tokens by as much as 78% within minutes, mostly due to the effect of drained liquidity pools. The attack arrived at a time when Cetus handled over $294M in daily volumes. The drained pools are affecting all tokens and are unrelated to any specific rug pulls targeting those assets. On-chain research shows the attacker holds over 12M USDC at another address and may have drained additional SUI pools. Some of the USDC is already on the move, to be potentially laundered. The effect of erratic prices was mostly due to the draining of the SUI/USDC pool, which in turn affected all meme tokens trading against SUI. Cetus DEX was attacked at peak liquidity Cetus was attacked at a moment when the DEX had recovered its liquidity near all-time highs. The DEX carries $241.3M in total value locked, after rapid growth in the past month. The attacked pools make up a small fraction of the entire available liquidity. SUI also increased its available liquidity to an all-time high, carrying $2.2B in total value locked, in addition to $1.15B from stablecoins. The chain expanded its lending, while Cetus remains the third-largest app based on locked liquidity. SUI expanded its liquidity to an all-time peak, with growth in lending and DEX activity. | Source: DeFi Llama In the past month, Cetus increased its value locked by 70%, as all DEXs responded to the general crypto market recovery. According to on-chain data on the SUI L1 chain, Cetus has 62,117 users and is the second most active app on the chain. Recently, the DEX reported over $7.15M in daily fees, with a higher baseline activity in May. SUI itself remains safe and has rarely reported hacks or exploits. The SUI ecosystem is a rare target for hackers due to its small scale relative to the Ethereum network. SUI saw only $84M of inflows from other chains in the past three months and is still a relatively small arena for on-chain activity. Following the news of the exploit, the SUI token sank from $4.18 to $4.00, still trading near its three-month peak. SUI is represented on Binance, OKX, and Coinbase, but the loss of Cetus as the main liquidity provider may affect the price. Cetus may also have to recover or rebuild liquidity. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

2025-05-22 15:31
FBI, SEC, and DOJ take down startup CEO in $1M crypto meltdown
The US Attorney for the Southern District of New York (SDNY) on Wednesday charged Jeremy Jordan-Jones, a self-styled blockchain founder, accused of defrauding investors out of $1 million. He got indicted on wire fraud, securities fraud, making false statements to a bank, and identity theft. If convicted, Jones faces a maximum of 72 years in prison, though actual sentencing will be decided by a judge. The FBI and SEC have both played key roles in the investigation. However, the commission is also filing a parallel civil action. The case is being handled by the US Attorney’s Securities and Commodities Task Force. FBI and DOJ slam Amalgam Capital executive Jordan-Jones ran Amalgam Capital Ventures, a startup that he claimed was building cutting-edge point-of-sale and blockchain payment tech. He went on to boast about “big league” partnerships and breakthrough blockchain products, but prosecutors say the whole thing was a sham. He even showed off mockups of functioning software and claimed the firm was preparing to list a native token on global exchanges. The DOJ says Amalgam had no working products, zero real partnerships, and barely any customers. Meanwhile, Jordan-Jones was faking bank statements and submitting phony financials to secure investments and loans. The indictment alleges that Jones used investor money to bankroll his personal lifestyle, leaving backers with empty wallets and zero returns. By late 2022, Amalgam folded, and investors were left holding the bag. He is now facing multiple federal charges, including aggravated identity theft, which is a serious count that carries a mandatory 2-year prison term on top of any other sentence. Clayton calls out tech-driven frauds The release stated that investors’ funds were siphoned off to bankroll Jones’s lavish lifestyle. US Attorney Jay Clayton summed it up and stated that, “This should be an example to would-be financial fraudsters that the women and men of the Southern District and the FBI are watching and to the investing public that fraudsters often use the promise of new technology to cloak their schemes.” Clayton has served as the US SEC chairman from May 2017 to December 2020. During his time, the commission brought over 2,300 enforcement actions. This resulted in over $10 billion in fines while returning more than $3 billion to harmed investors. Clayton led the SEC when it sued Ripple Labs in December 2020. Recently, Ripple announced that the watchdog has dropped its lawsuit against the company. As the crypto scams make their way through the investing public, the FBI’s annual report revealed that the IC3 received more than 140k complaints referencing cryptocurrency in 2024, which has resulted in around $9.3 billion in losses. Amid all the frauds and scams, the global digital assets market has hit the $3.5 trillion cap. The biggest crypto, Bitcoin , went on to register its new all-time high of $111,800 on Thursday. BTC is trading at an average price of $110,845 as of press time. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

2025-05-22 14:55
The Best Of The Altcoins This May: SOL, SHIB, DOGE, YETIO
May’s top altcoin list is fresh and exciting after key developments across several tokens. If you’re scouting the best opportunities for this month, keep a close eye on Solana (SOL), Shiba Inu (SHIB), Dogecoin (DOGE), and the emerging contender Yeti Ouro (YETIO) . Each brings its own unique energy to the market, whether through technical innovation, community rallies, or groundbreaking GameFi utility. Solana Solana recovered some of its luster in early 2025 as a string of new DeFi protocols joined its lightning-fast network. In May, several more decentralized exchanges launched cross-chain bridges to Solana, facilitating asset transfers from Ethereum and BNB Chain. Credits: CoinmarketCap This new influx of liquidity is driving daily gas fees higher, proof that demand is on the rise. As growth picks up, SOL staking rewards are drawing institutional treasuries seeking yield above Bitcoin. With high-profile NFT drops on Metaplex’s On-Chain Marketplace this month, SOL should deliver a good May, provided the wider crypto market remains strong. Solana price is currently at $168 at time of writing. Shiba Inu Shiba Inu kicked off 2025 relying on nostalgia for its 2021 bull run, but May is showing SHIB’s steady progression toward utility. Shibarium Layer-2 chain, much anticipated, began onboarding DeFi projects in early May, with quicker transactions and stacking rewards for holders connecting assets. This year, the ShibaSwap team issued statements of massive burns , a reversion to monthly token burns on the order of some billion SHIB per burn, much bigger than previous ones. On the community front, Shiba Inu’s social media accounts have begun an influencer-driven NFT art competition, with the winners earning SHIB grants and governance tokens. Shiba Inu price is currently at $0.00001449 . So, as SHIB is growing its uses beyond just meme speculation, retail investors are gazing into their wallets, hoping Shiba Inu can regain some of its former luster more organically. Dogecoin Dogecoin has always been the poster child of pure community devotion, and in May 2025, it’s proving that behind every meme is a resilient network. After a quiet Q1, Dogecoin has improved transaction confirmation speeds and optional transaction privacy layers. Credits: CoinMarketCap It’s a small but very important step that shows DOGE’s core developers are committed to evolving the network. Lastly, institutional experiments with DOGE-settled payments for micro-transactions (like tipping content creators) have gained traction, hinting at a future beyond tweets and TikToks. Dogecoin price is currently at $0.2257 at time of writing. Yeti Ouro Amid these blue-chip stars, Yeti Ouro (YETIO) is carving out its own niche, positioning itself as the GameFi alternative that crypto whales quietly accumulate. While SOL, SHIB, and DOGE run for headlines, YETIO’s May calendar is packed with milestones: Yeti Go Development : The long-awaited Play-to-Earn racing game is now in the last few stages of development. Yeti Go pulls you into a fast-paced, visually bold world where every moment is built for impact. Created with the expertise of the studio behind gaming greats like Call of Duty, Spider-Man, The Witcher, and Dead Space, it’s more than a game—it’s a cinematic thrill ride. The soundtrack, crafted by audio pros who’ve worked with Grammy-nominated artists including Major Lazer, Vybz Kartel, and Kabaka Pyramid, gives the experience its pulse, adding emotion and urgency to every scene. Yeti Ouro is rolling out major incentives for its community. All token buyers receive a 20% bonus, with an additional 5% awarded on purchases exceeding $500. Alongside this offer, the project has launched a $100,000 giveaway—five winners will each be awarded $20,000 worth of YETIO tokens. For more information and to enter the raffle, visit the official Yeti Ouro website . YETIO’s combination of high-quality gaming, deflationary tokenomics, and high staking rewards makes it the altcoin to watch. While Solana, Shiba Inu, and Dogecoin offer proven track records and community heft, Yeti Ouro promises explosive potential as YetiGo ignites a genuine player base. For investors looking beyond May’s headlines, YETIO presents a fresh, high-upside way to diversify alongside the established meme and DeFi favorites. Join the Yeti Ouro Community Website: https://yetiouro.io/ X (Formerly Twitter): https://x.com/yetiouro Telegram: https://t.me/yetiouroofficial Discord: https://discord.gg/YtUsEZ2ZrV

2025-05-22 14:37
This New Cryptocurrency Could Outpace SOL and SHIB’s 2021 Growth
Pundits are buzzing with predictions that a new cryptocurrency could eclipse the meteoric 2021 gains of Solana (SOL) and Shiba Inu (SHIB). SOL soared from $0.52 to $259 in 2021, yielding an incredible 11,672% return on investment. In other news, SHIB saw a phenomenal 88,449,900% return after skyrocketing from $0.0000000001 to $0.00008845. Now, Mutuum Finance (MUTM) , a DeFi altcoin, is capturing investor fervor. Its presale, now in phase 5 at $0.03, has raised $9,000,000, with over 500 million tokens sold to 11,000 holders. Could this new crypto coin outshine the best cryptos of yesteryear? Solana’s 2021 Surge In 2021, Solana (SOL) sparked the cryptocurrency market with a tremendous rise. It began at a low of $0.22 and, due to its fast blockchain and expanding DeFi community, reached a peak of $259 by November. This translated to an 11,672% ROI, turning small investments into fortunes. However, SOL’s reliance on technical prowess faced challenges, with network outages tempering enthusiasm. Today, investors wonder if SOL can recapture that explosive momentum. Mutuum Finance (MUTM) offers a fresh angle, blending utility with presale allure, drawing eyes away from SOL’s past glory. Shiba Inu’s Meme-Fueled Frenzy Shiba Inu (SHIB) defined 2021’s meme coin mania. From a microscopic $0.0000000001, it rocketed to $0.00008845, driven by social media hype and whale activity. This yielded an 88,449,900% ROI, making early adopters millionaires. Yet, SHIB’s lack of utility left it vulnerable to crypto crashes, with prices now languishing below 2021 highs. Investors seeking the next big crypto are pivoting to projects like Mutuum Finance (MUTM), which promises tangible DeFi value over speculative fervor, signaling a shift in what crypto to buy now. Mutuum Finance’s Presale Power Mutuum Finance (MUTM) is electrifying the crypto market with its phase 5 presale underway at $0.03, a 200% leap from the opening phase’s $0.01. Investors snapping up tokens now face a 16.7% price hike to $0.035 in phase 6, securing a 20% gain from the current $0.025. The project’s tokenomics guarantee a 100% ROI at its $0.06 launch price, with analysts eyeing a $3 post-launch target, promising a 9,900% return. This structured growth fuels FOMO, as phase 5 tokens dwindle rapidly, urging investors to act swiftly. Innovative Lending Model Mutuum Finance (MUTM) redefines DeFi with its overcollateralized lending system. Borrowers lock assets like ETH to access funds, ensuring lender security. The platform’s mtTokens, like mtETH, accrue interest, offering passive income. A buy-and-distribute mechanism funnels revenue into repurchasing MUTM tokens, boosting demand. Recently, the team unveiled a dashboard showcasing the top 50 holders, rewarding them with bonus tokens for maintaining ranks. This gamified approach sparks investor zeal, positioning Mutuum Finance (MUTM) as a top crypto to invest in for 2025. Security and Community Drive Mutuum Finance (MUTM) is bolstering trust by pursuing a CertiK audit for its smart contracts, with updates soon to hit socials. A $100,000 giveaway sweetens the deal, offering ten winners $10,000 in tokens, amplifying presale excitement. Unlike SHIB’s hype-driven spikes, MUTM’s utility-driven model promises stability. Its 11,000 holders reflect surging confidence, with $9,000,000 raised signaling robust demand. As phase 5 nears sell-out, the crypto investment window narrows, making MUTM a prime pick for those eyeing the next crypto to explode. Why MUTM Could Lead in 2025 Mutuum Finance (MUTM) stands poised to outpace Solana and Shiba Inu’s 2021 triumphs. While SOL and SHIB rode technical and social waves, MUTM blends real-world DeFi utility with presale momentum. Its 100% ROI at launch and potential 9,900% post-launch surge dwarf past altcoin gains. Investors seeking the best cryptocurrency to invest in are flocking to MUTM’s phase 5, wary of missing the cheapest cryptocurrency entry point. Don’t wait—research Mutuum Finance (MUTM) now to join the top crypto poised for 2025’s spotlight. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance

2025-05-22 14:30
Russia’s stalling war economy could be the best hope to push Moscow towards peace talks
Russia seems reluctant to pursue peace at the moment as the country is widely believed to be planning a new summer offensive in Ukraine to consolidate territorial gains in the southern and eastern parts of the nation. Moscow’s increasing economic and military pressures at home could be the factors that drive Russia to the negotiating table. The country has shown little appetite for peace negotiations with Ukraine despite Russia making a show of what war analysts described as a performative ceasefire. There have also been a number of attempts by U.S. President Donald Trump to persuade Russian President Vladimir Putin to talk to Kyiv. Russia’s struggling war economy might be what drives it to negotiate Moscow’s alleged plans to push an offensive this summer in Ukraine to capture the eastern part of the country could give Russia more leverage in any future talks. The country’s economic and military strain, ranging from supplies of military hardware and recruitment of soldiers to sanctions on revenue-generating exports like oil, might be what eventually drives Russia to the negotiating table. Jack Watling, senior research fellow for Land Warfare at the Royal United Service Institute (RUSI) in London, said in an analysis Tuesday that Russia will seek to intensify offensive operations to build pressure during negotiations. He also believes that the country’s pressure cannot be sustained indefinitely. “At the same time, while Russia can fight another two campaign seasons with its current approach to recruitment, further offensive operations into 2026 will likely require further forced mobilization, which is both politically and economically challenging.” -Jack Watling, Researcher for Land Warfare at the Royal United Service Institute. Watling also noted that Moscow’s military equipment stockpiles left over from the Soviet era, including tanks, artillery, and infantry fighting vehicles, will be running out between now and mid-fall. He believes that Russia’s ability to replace losses will be entirely dependent on what it can produce from scratch. Russia’s economy slows amid continued war tensions The country has signaled a decline in its war-focused economy, which has faced international sanctions as well as homegrown pressures largely resulting from war. Russia is facing rampant inflation and high food and production costs that even Putin described as alarming. Russia’s central bank (CBR) has maintained high interest rates (at 21%) to lower the inflation rate, which was at 10.2% in April. The bank acknowledged earlier this month that a disinflationary process is underway. The CBR also argued that a prolonged period of tight monetary policy is still required for inflation to return to its target of 4% in 2026. Liam Peach, senior emerging markets economist at Capital Economics, said last week the sharp slowdown in Russian GDP from 4.5% year-on-year in the fourth quarter to 1.4% in the first quarter is consistent with a sharp fall in output. He also believes the data suggested that Moscow’s economy may be heading for a continued sharp downturn than was expected. Peach noted that a sharp drop in GDP growth surprised them since they had expected a slowdown to take hold in 2025. He argued that a technical recession is possible over the first half of this year, and GDP growth over 2025 as a whole could come in significantly below their current forecast of 2.5%. Alexander Kolyandr, a senior fellow at the Center for European Policy Analysis, maintained that the growth that remains in the Russian economy is concentrated in manufacturing, especially the defense sector and related industries. He noted in an analysis for CEPA that Russia’s economy is cooling after three years of militarizing the country. Kolyandr said the slowdown in inflation, less borrowing by companies and consumers, declining imports, industrial output, and consumer spending all pointed to the slowdown continuing. The Economic Development Ministry also predicted that Russia’s economic growth will slow from 4.3% in 2024 to 2.5% this year. Kolyandr added that the economy is not demobilizing, but it is just running out of steam. According to him, bad decisions by policymakers, a further dip in oil prices, or carelessness with inflation could result in dire consequences for Moscow. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

2025-05-22 13:54
Dogecoin Is One Of The Top Cryptos To Watch But This New Viral Altcoin Is To Lead The Next Bull Run
Dogecoin has once again captured headlines, and for good reason. It is up by almost 40% in the past month. As one of the earliest and most popular meme coins, DOGE has a massive community and a track record of surprising comebacks. But while Dogecoin remains a top crypto to watch, a new viral altcoin is coming forward: Yeti Ouro (YETIO) is well set to lead the next bull run with a strong focus on gaming utility, scarcity mechanics, and tech. Dogecoin’s Big Comeback DOGE’s greatest strength is its loyal group of fans. Whether it’s Reddit communities or Twitter shoutouts, Dogecoin’s social energy repeatedly fuels price surges. Elon Musk’s intention to combine Doge with X Payments again requested the media spotlight. Further, with Dogecoin price at approximately $0.22 per token, DOGE remains affordable for retail investors. Credits: CoinMarketCap All that said, long-term appreciation in price is a tall order due to Dogecoin’s gargantuan circulating supply (in excess of 149 billion tokens). For investors looking for explosive new altcoin gains, a new contender might surpass even DOGE’s storied history. Yeti Ouro Yeti Ouro (YETIO) is quickly moving up the crypto ranks as it uses blockchain to take over the multi-billion gaming market. Its extremely successful presale, community‐driven promotions, and the well-defined road to real utility separate it from social media–based meme coins. Its game, Yeti Go, is already creating buzz in the market even prior to its release. It is a racing game with a Play-to-Earn (P2E) system to hook even casual gamers. Yeti Go drops you into a turbocharged world where every frame is packed with intensity and style. Developed alongside the creators of iconic games like Call of Duty, Spider-Man, The Witcher, and Dead Space, it combines blockbuster visuals with smooth, high-stakes gameplay. But it’s the sound that truly sets the tone—crafted by audio engineers who’ve worked with Grammy-nominated artists like Major Lazer, Vybz Kartel, and Kabaka Pyramid, the soundtrack pulses with energy and emotion. Yeti Ouro is making waves with an enticing offer: all token purchases come with a 20% bonus, and those investing over $500 will earn an additional 5% reward. To add to the excitement, the project has unveiled a $100,000 giveaway. Five winners will be selected to receive $20,000 worth of YETIO tokens each. Visit their website to find out how to join the raffle. At the time of writing this, Yeti Ouro has secured well over $4.2 million during its presale by selling over 242 million YETIO tokens. Early investors have experienced a 242% ROI. This rapid pace has attracted the attention of crypto whales and veteran traders who are quietly buying up the altcoin. Moreover, Yeti Ouro is audited by SOLIDProof , and its transparency and security are not a problem. As the gaming industry grows and word of mouth spreads about the Yeti Go game, the use cases and demand for the YETIO token will naturally increase. Conclusion Dogecoin remains too dependent on market sentiment. Its community hype, celebrity mentions, and low entry price make it a staple for anyone looking to invest in a meme coin for high gains. However, Yeti Ouro offers a much more focused bet, combining GameFi utility, deep token scarcity, and high-yield farming designed to outpace pure hype-based tokens once its game launches. For investors, a simple strategy could be to maintain a position in DOGE for stability and altcoin season forecasting. At the same time, they must allocate a slice to YETIO for long-term gains. As the next bull run approaches the market yet again, Dogecoin is much likely to capture headlines like it does every once in a while. However, Yeti Ouro’s focus on technology and tokenomics suggests it might ultimately be 2025’s top altcoin. Join the Yeti Ouro Community Website: https://yetiouro.io/ X (Formerly Twitter): https://x.com/yetiouro Telegram: https://t.me/yetiouroofficial Discord: https://discord.gg/YtUsEZ2ZrV

2025-05-22 13:37
Berkshire Hathaway in danger as Japanese bonds crash, but Warren Buffett still won’t touch Bitcoin that’s making new ATHs
Berkshire Hathaway is in deep trouble as Japan’s bond market unravels, and Warren Buffett refuses to even glance at Bitcoin, which just crossed a record-breaking $111,000. The current historic surge in Japanese bond yields is threatening to blow up the exact strategy Warren used to justify his billion-dollar bets on Japan’s five major trading houses. While global investors are flooding into crypto and banking record profits, Warren is doing the exact opposite—selling off his only crypto exposure and doubling down on a play that’s now bleeding from all sides. Warren raised ¥281.8 billion in October 2024, then followed up with a much smaller ¥90 billion in April 2025 through yen-denominated bonds. Those funds were used to build positions close to 10% in Mitsubishi, Mitsui, Itochu, Marubeni, and Sumitomo. It worked at first. Borrow at 0.5% interest, buy stocks paying ~5% in dividends. Easy cash. But now, as Japan’s bond yields rise fast, that carry trade strategy is getting torched. New bond issues cost more. The interest spread shrinks. The profit vanishes. Japanese stocks drop as yields kill equity valuations Shares of the five trading houses aren’t holding up either. In 2025 alone, Mitsui’s down 20%, Itochu has lost 16%, and the rest are sliding. Higher yields usually signal tighter policy, and tighter policy kills equity valuations—especially ones built on stable dividends. Berkshire’s portfolio in Japan is loaded with those. The damage gets worse when you factor in the trade tensions triggered by Donald Trump’s latest tariffs, which rattled Japanese markets earlier this year and forced companies like Asahi and Suntory to walk away from bond deals completely. Berkshire didn’t back out, but the ¥90 billion bond it issued this April was the company’s smallest ever. That’s not a flex. That’s caution. The situation’s turning so fast that the same assets Warren called “long-term holdings” are now dipping below what he paid. And while he’s always claimed to like cheap stocks, these ones might get cheaper than he’s willing to admit. Currency swings and bond pressure weaken Berkshire’s hedge There’s another issue Berkshire can’t dodge: the yen. The company’s bonds and dividends are all yen-based, which was supposed to act as a hedge. If the yen dropped, Berkshire’s debt would be easier to repay. That hedge only works when the yen stays weak. But in July 2024, when the Bank of Japan surprised markets with a rate hike, the yen got stronger, fast. If yields keep going up, the yen could climb again. That turns the hedge against Warren. It slashes the dollar value of dividends, hurts returns, and messes with the company’s ability to balance its foreign books. Still, despite the rising risks, Warren’s been stubborn. He hasn’t sold his Japanese positions. He hasn’t moved away from the bond strategy. And he sure ain’t touching Bitcoin, which just set back-to-back all-time highs this week. That’s after Berkshire dumped its entire stake in Nu Holdings, the Brazilian fintech firm behind crypto-friendly Nubank. Bitcoin explodes after Warren exits Nubank and ditches crypto Warren’s firm closed out of Nubank in Q1 2025, walking away with $250 million in profit. That move officially ended Berkshire’s one and only link to crypto. While Warren was cashing out, Bitcoin surged to $109,800, then jumped again to $111,762 on Wednesday, fueled by renewed institutional interest and support for the GENIUS Act in the Senate. That bill lays out new rules for stablecoins and has been a major boost for confidence in the space. Traders also took advantage of the momentum, with over $900 million in short positions liquidated, based on data from CoinGlass. Ethereum, XRP, and Solana all followed Bitcoin’s lead, climbing as the crypto market roared. Meanwhile, Berkshire boosted its cash pile to $347.8 billion, mostly held in US Treasurys, after also unloading shares of Citigroup and Bank of America. Warren once called Bitcoin “rat poison squared,” and it doesn’t look like his opinion has evolved. Despite the rally, despite the regulation, despite even Jamie Dimon, longtime Bitcoin skeptic and JPMorgan CEO, telling clients they can now buy the coin through the bank, Warren hasn’t budged. At Berkshire’s latest shareholder meeting, an attendee named Jackie Han asked about the company’s take on real estate. Warren laughed and said if he had to pick between real estate and stocks for life, he’d go with stocks every time. “There’s just so much more opportunity, at least in the United States, that presents itself in the security market than in real estate,” Warren said.

2025-05-22 13:02
Michigan House receives four new pro-crypto bills to clarify Bitcoin holding, mining, taxation
On May 21, 2025, the Michigan House introduced four new crypto-related bills aimed at clarifying and promoting the use of Bitcoin and other digital assets in the American state. The bills were introduced in the Michigan House late Wednesday, joining a growing trend of state-level efforts to define the role of digital assets in public policy and economic frameworks. Michigan House to consider four new crypto-related bills One of them is Rep. Bill Schuette’s (R-MI) House Bill 4510, which seeks to allow Michigan’s state treasurer to invest retirement funds in crypto, as long as they averaged a market cap of at least $250 billion over the previous year and are held via exchange-traded products. The Michigan House introduced four new bills to clarify and promote Bitcoin in the state. Source: Bitcoin Laws The $250 billion threshold effectively limits the eligibility to Bitcoin, which has set a new all-time high amid renewed institutional interest. Assets will have to be held through exchange-traded products issued by registered investment firms, ensuring regulatory oversight, according to HB 4510. The next bill, House Bill 4511, was introduced by Rep. Bryan Posthumus (R-MI), and focuses on the federal government’s push for central bank digital currencies. The bill proposes a state-level ban on any licensing, taxation, or restriction of digital asset holdings and prohibits state agencies from advocating for a U.S. CBDC. The other two bills were both introduced by Rep. Mike McFall (D-MI) as companion bills, HB 4512 and HB 4513, focused on Bitcoin mining and tax reform. One seeks the establishment of a “Bitcoin Program” that will allow private firms to plug abandoned oil or gas wells in exchange for temporary rights to mine Bitcoin using residual fuel sources. The other offer links crypto directly to remediation efforts as it affects income and corporate tax deductions for revenue earned through such mining efforts. If approved, the program would be administered by the state’s Supervisor of Wells, who would maintain a public registry of eligible well sites, solicit annual bids, and ensure that participating miners carry financial responsibility for site restoration. Michigan’s legislative push occurs as several U.S. states race to either welcome or restrict crypto adoption. American states are warming up to cryptocurrency ideals The four new bills are proof that Michigan is on the pro-crypto side, making similar legislative efforts as states like New Hampshire, Arizona, and Kentucky, where laws have been passed or proposed to legalize Bitcoin reserves, protect self-custody rights, or incentivize crypto mining. For example, New Hampshire became the first state to approve a Bitcoin reserve in 2025. Kentucky’s 2025 Blockchain Digital Asset Act legalized crypto mining with incentives. Also, some hours earlier, the Texas House passed a bill to create a state-managed Bitcoin reserve and sent it to Governor Greg Abbott’s desk. According to reports, the bill would allow the state comptroller to invest in any digital asset with a market cap above $500 billion, a criterion that only Bitcoin matches at the moment. New Hampshire Governor Kelly Ayotte also signed a similar bill into law earlier this month, confirming her state as the first in the country to formally authorize crypto and precious metal investments for public funds. The new Michigan bills are a step in the right direction, but even though they’ve been introduced, these bills have a long way to go before they become law. They have to pass through committee reviews, House votes, Senate approval, and the governor’s signature. Unfortunately, it is not uncommon for bills to be rejected. States, like Florida and Pennsylvania, have seen similar crypto-oriented bills fail to garner enough support. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

2025-05-22 12:46
Dogecoin’s Targets $0.40—Can It Beat This Top Crypto To $1?
Dogecoin’s pursuit of $0.40 sparks fervent debate in the crypto market, with investors eyeing its next move. Meanwhile, Mutuum Finance (MUTM), a rising DeFi altcoin, is drawing intense demand. The project has raised $9,000,000 since its presale began, selling over 500 million tokens, and attracting 11,000 holders. Trading at $0.03 in phase 5, MUTM’s price has surged 200% from its opening phase at $0.01. Promising a 100% ROI at its $0.06 launch, MUTM’s structured tokenomics fuel optimism. But can Dogecoin’s meme-driven rally outpace MUTM’s calculated ascent to $1? The crypto news today suggests a thrilling race. Dogecoin’s Rally Stumbles Dogecoin is clawing its way back, trading at $0.2207 as of May 19, 2025. A 2.28% daily gain signals resilience, yet it lags far from its 52-week peak of $0.4743. The crypto’s Relative Strength Index hovers at 64.57, nearing overbought terrain. This hints at a possible pause or reversal. However, the MACD at 0.09 screams bullish momentum. Support at $0.215 holds firm, a critical base for any upward thrust. Breaking $0.236 resistance could propel Dogecoin toward $0.25, but sustaining that push demands robust buying. The Fear & Greed Index at 74 reflects investor zeal, yet volatility looms. Dogecoin’s meme-fueled charm struggles against structured DeFi projects. Mutuum Finance’s Presale Ignites Mutuum Finance (MUTM) is commanding attention in the crypto market. Phase 5 is underway, with tokens priced at $0.03, a 200% leap from the first phase’s $0.01. Investors are rushing in, driven by a guaranteed 100% ROI at the $0.06 launch price. The project has raised $9,000,000, with over 500 million tokens sold and 11,000 holders onboard. Recently, Mutuum Finance (MUTM) launched a dashboard showcasing a leaderboard of top 50 holders, rewarding them with bonus tokens for maintaining their rank. This fuels FOMO as the opening phase sells out swiftly. The next phase looms, promising a 16.7% price hike to $0.035, offering current investors a 20% gain from the $0.025 phase 4 price. MUTM’s DeFi Edge Mutuum Finance (MUTM) isn’t chasing hype; it’s building utility. Its decentralized lending platform lets users borrow, lend, and earn passive income. Unlike Dogecoin’s speculative swings, MUTM’s overcollateralized model ensures stability. Borrowers lock assets exceeding loan values, slashing default risks. Lenders deposit into liquidity pools, earning dynamic interest based on demand. The buy-and-distribute system funnels platform revenue into repurchasing MUTM tokens, redistributing them to stakers. This creates relentless buy pressure, bolstering long-term growth. Analysts predict a post-launch price of $2.50, yielding an 8,233% ROI from the current $0.03. The team is auditing its smart contract with Certik, with results soon to be shared on socials. Dogecoin’s Uphill Climb Dogecoin’s path to $0.40 faces hurdles. Trading volume at $2.62 billion shows active interest, but crypto prices often sway with sentiment. Forecasts for July 2025 peg DOGE between $0.177 and $0.189, signaling consolidation. By December 2025, an average price of $0.221 is expected, with $0.226 as a high. Long-term, 2026 projections see $0.25 to $0.30, but broader adoption is key. Dogecoin’s community thrives on enthusiasm, yet lacks the structural depth of DeFi projects. Investors eyeing the best crypto to buy now may hesitate, as DOGE’s momentum hinges on fleeting market vibes rather than tangible utility. Race to $1 Intensifies Mutuum Finance (MUTM) is outpacing Dogecoin in the race to $1. Its presale success, with $9,000,000 raised and a 200% price surge, underscores investor trust. The crypto investment offers a clear 100% ROI at launch, with a $2.50 crypto prediction promising exponential gains. Dogecoin, despite its loyal base, struggles to break $0.40, let alone $1. Its reliance on retail hype pales against MUTM’s DeFi framework. As crypto prices today fluctuate, MUTM’s structured growth makes it a top crypto to buy. Investors seeking the next big cryptocurrency should act fast—phase 5 tokens are vanishing and so is your chance of investing early in the crypto. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance

2025-05-22 12:30

1 2 3 4 5 6 7 →