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Rich Dad Poor Dad Author: Bitcoin Is the “Easiest Way to Get Rich” – Even 0.01 BTC Could Be Life-...Key Takeaways: Robert Kiyosaki called Bitcoin the “easiest way to get rich.” He urged even small-scale ownership like 0.01 BTC. Kiyosaki predicts Bitcoin could reach $1 million by 2035. Robert Kiyosaki, author of the best-selling personal finance book Rich Dad Poor Dad, has once again endorsed Bitcoin, calling it the “easiest way to get rich” in today’s economic environment. In a post shared Sunday night, Kiyosaki urged followers to consider even fractional ownership of the digital asset. “Why everyone is not buying and holding Bitcoin is beyond me,” he wrote. “Even 0.01 of a Bitcoin is going to be priceless in two years… and maybe make you very rich.” Bitcoin is Approaching the ‘Banana Zone’ Kiyosaki warned that with only 2 million BTC left to be mined, the price is poised to enter what macro investor Raoul Pal calls the “Banana Zone” — a phase of explosive growth driven by scarcity and demand. He advised followers not to be “yellow bananas,” but instead to open their eyes and minds by following thought leaders like Michael Saylor, Anthony Pompliano, and platforms like Bitcoin Zella, which promote the long-term value of decentralized money. I cannot believe how easy Bitcoin has made getting rich…so easy. Why everyone is not buying and holding Bitcoin is beyond me. Even .01 of a Bitcoin is going to be priceless in two years…. and maybe make you very rich. Sure Bitcoin goes up and down….but so does real life.… — Robert Kiyosaki (@theRealKiyosaki) May 26, 2025 The comments came as Bitcoin traded around $109,600, rebounding after a brief dip linked to global trade tensions. Prices stabilized following U.S. President Donald Trump’s decision to delay a threatened 50% tariff on European Union goods, which offered short-term relief to financial markets, including digital assets. Kiyosaki’s post adds to a growing list of statements he’s made over the years in support of Bitcoin. On May 10, he criticized the U.S. Federal Reserve by quoting former Congressman Ron Paul, who equated central bank interest rate controls with “price fixing” and likened them to Marxist-style economic intervention. Echoing Paul’s views, Kiyosaki warned that fiat currencies and central banking mechanisms breed systemic dishonesty and undermine individual freedom. He encouraged people to protect their wealth by holding decentralized, non-government assets such as Bitcoin, gold, and silver. “Fake money leads to dishonest leaders and corruption in everyday life,” Kiyosaki wrote. “Get on your own decentralized gold, silver, and Bitcoin standard.” Rich Dad Poor Dad Author Sees $1M Bitcoin by Next Decade A longtime advocate of hard assets, Kiyosaki sees Bitcoin as a modern hedge against inflation and a tool for preserving wealth over time. In his latest prediction, Kiyosaki said he “strongly believes” the Bitcoin price will reach $180,000 to $200,000 by the end of this year. Over the next decade, he sees BTC at $1 million, gold at $30,000 per ounce, and silver at $3,000. Notably, Kiyosaki is not the only one expressing confidence in Bitcoin’s future. As reported, Shunyet Jan, Head of Derivatives at Bybit, has projected that Bitcoin could reach $125,000 by the end of Q2 if current trends persist. Last week, crypto analyst Scott Melker said he believes Bitcoin could surge to $250,000 by the end of 2025, driven by institutional demand and a maturing market structure. The post Rich Dad Poor Dad Author: Bitcoin Is the “Easiest Way to Get Rich” – Even 0.01 BTC Could Be Life-Changing appeared first on Cryptonews.

Rich Dad Poor Dad Author: Bitcoin Is the “Easiest Way to Get Rich” – Even 0.01 BTC Could Be Life-...

Key Takeaways:

Robert Kiyosaki called Bitcoin the “easiest way to get rich.”

He urged even small-scale ownership like 0.01 BTC.

Kiyosaki predicts Bitcoin could reach $1 million by 2035.

Robert Kiyosaki, author of the best-selling personal finance book Rich Dad Poor Dad, has once again endorsed Bitcoin, calling it the “easiest way to get rich” in today’s economic environment.

In a post shared Sunday night, Kiyosaki urged followers to consider even fractional ownership of the digital asset.

“Why everyone is not buying and holding Bitcoin is beyond me,” he wrote. “Even 0.01 of a Bitcoin is going to be priceless in two years… and maybe make you very rich.”

Bitcoin is Approaching the ‘Banana Zone’

Kiyosaki warned that with only 2 million BTC left to be mined, the price is poised to enter what macro investor Raoul Pal calls the “Banana Zone” — a phase of explosive growth driven by scarcity and demand.

He advised followers not to be “yellow bananas,” but instead to open their eyes and minds by following thought leaders like Michael Saylor, Anthony Pompliano, and platforms like Bitcoin Zella, which promote the long-term value of decentralized money.

I cannot believe how easy Bitcoin has made getting rich…so easy.

Why everyone is not buying and holding Bitcoin is beyond me.

Even .01 of a Bitcoin is going to be priceless in two years…. and maybe make you very rich.

Sure Bitcoin goes up and down….but so does real life.…

— Robert Kiyosaki (@theRealKiyosaki) May 26, 2025

The comments came as Bitcoin traded around $109,600, rebounding after a brief dip linked to global trade tensions.

Prices stabilized following U.S. President Donald Trump’s decision to delay a threatened 50% tariff on European Union goods, which offered short-term relief to financial markets, including digital assets.

Kiyosaki’s post adds to a growing list of statements he’s made over the years in support of Bitcoin.

On May 10, he criticized the U.S. Federal Reserve by quoting former Congressman Ron Paul, who equated central bank interest rate controls with “price fixing” and likened them to Marxist-style economic intervention.

Echoing Paul’s views, Kiyosaki warned that fiat currencies and central banking mechanisms breed systemic dishonesty and undermine individual freedom.

He encouraged people to protect their wealth by holding decentralized, non-government assets such as Bitcoin, gold, and silver.

“Fake money leads to dishonest leaders and corruption in everyday life,” Kiyosaki wrote. “Get on your own decentralized gold, silver, and Bitcoin standard.”

Rich Dad Poor Dad Author Sees $1M Bitcoin by Next Decade

A longtime advocate of hard assets, Kiyosaki sees Bitcoin as a modern hedge against inflation and a tool for preserving wealth over time.

In his latest prediction, Kiyosaki said he “strongly believes” the Bitcoin price will reach $180,000 to $200,000 by the end of this year.

Over the next decade, he sees BTC at $1 million, gold at $30,000 per ounce, and silver at $3,000.

Notably, Kiyosaki is not the only one expressing confidence in Bitcoin’s future.

As reported, Shunyet Jan, Head of Derivatives at Bybit, has projected that Bitcoin could reach $125,000 by the end of Q2 if current trends persist.

Last week, crypto analyst Scott Melker said he believes Bitcoin could surge to $250,000 by the end of 2025, driven by institutional demand and a maturing market structure.

The post Rich Dad Poor Dad Author: Bitcoin Is the “Easiest Way to Get Rich” – Even 0.01 BTC Could Be Life-Changing appeared first on Cryptonews.

Japan’s Remixpoint Announces $7M Bitcoin Purchase, Raising Total Holdings to $84MRemixpoint, a Japanese-listed energy software firm, has approved the purchase of an additional ¥1 billion ($7 million) in Bitcoin, bringing its total cryptocurrency holdings to approximately ¥12 billion ($84 million), the company announced on May 26 following a board resolution. According to the announcement, the new BTC purchase is separate from the 4.4 billion yen that Remixpoint intends to invest in crypto using funds raised via its 24th stock acquisition rights issuance, which includes an exercise price revision clause. That offering, announced on May 19, is part of a broader fundraising effort of up to 5.6 billion yen. The company said that timing of the purchase will be determined based on market conditions. Remixpoint Reported a Net Loss of 593M Yen In Valuation Losses to Crypto In its latest earnings report for the fiscal year ending March 2025, the Japanese company posted a net loss of 593 million yen ($4.1M), reversing the previous year’s profit. The loss was mainly driven by valuation declines in its crypto investment business, which ramped up in November 2024. Remixpoint, a Japanese software development company that researches energy management systems, began investing in crypto in September 2024. It initially bought Bitcoin, Solana, Ethereum and Avalanche. The firm also holds XRP, Dogecoin and other digital assets as part of its “Policy for Crypto Asset Purchase and Risk Management.” The company made its last purchase on May 15 by acquiring 500 million yen ($3.5M) worth BTC. Institutions Race to Hoard Bitcoin Another Japan-listed firm, Metaplanet, has seen its shares rise over 15-fold since adopting a Bitcoin treasury strategy. The stock is up 101.7% in the past month alone. As of May 2025, the company holds 7,800 BTC worth over $855 million positioning it among the world’s largest publicly listed Bitcoin holders. The post Japan’s Remixpoint Announces $7M Bitcoin Purchase, Raising Total Holdings to $84M appeared first on Cryptonews.

Japan’s Remixpoint Announces $7M Bitcoin Purchase, Raising Total Holdings to $84M

Remixpoint, a Japanese-listed energy software firm, has approved the purchase of an additional ¥1 billion ($7 million) in Bitcoin, bringing its total cryptocurrency holdings to approximately ¥12 billion ($84 million), the company announced on May 26 following a board resolution.

According to the announcement, the new BTC purchase is separate from the 4.4 billion yen that Remixpoint intends to invest in crypto using funds raised via its 24th stock acquisition rights issuance, which includes an exercise price revision clause. That offering, announced on May 19, is part of a broader fundraising effort of up to 5.6 billion yen.

The company said that timing of the purchase will be determined based on market conditions.

Remixpoint Reported a Net Loss of 593M Yen In Valuation Losses to Crypto

In its latest earnings report for the fiscal year ending March 2025, the Japanese company posted a net loss of 593 million yen ($4.1M), reversing the previous year’s profit. The loss was mainly driven by valuation declines in its crypto investment business, which ramped up in November 2024.

Remixpoint, a Japanese software development company that researches energy management systems, began investing in crypto in September 2024. It initially bought Bitcoin, Solana, Ethereum and Avalanche. The firm also holds XRP, Dogecoin and other digital assets as part of its “Policy for Crypto Asset Purchase and Risk Management.” The company made its last purchase on May 15 by acquiring 500 million yen ($3.5M) worth BTC.

Institutions Race to Hoard Bitcoin

Another Japan-listed firm, Metaplanet, has seen its shares rise over 15-fold since adopting a Bitcoin treasury strategy. The stock is up 101.7% in the past month alone. As of May 2025, the company holds 7,800 BTC worth over $855 million positioning it among the world’s largest publicly listed Bitcoin holders.

The post Japan’s Remixpoint Announces $7M Bitcoin Purchase, Raising Total Holdings to $84M appeared first on Cryptonews.

Digital Asset Inflows Soar to $3.3B in a Week – YTD Hits $10.8BKey Takeaways: Crypto investment products saw $3.3 billion in weekly inflows, pushing 2024’s total to a record $10.8 billion. Investor concerns over the U.S. economy and rising treasury yields are driving diversification into digital assets. Bitcoin led with $2.9 billion in inflows, while XRP recorded its largest-ever weekly outflows at $37.2 million. Institutional appetite for crypto investment products surged last week, with digital asset funds raking in $3.3 billion in inflows, according to data from CoinShares. The wave of capital pushed year-to-date inflows to a record-breaking $10.8 billion, signaling renewed confidence in the sector. CoinShares’ head of research James Butterfill noted that total assets under management in crypto exchange-traded products (ETPs) briefly touched an all-time high of $187.5 billion. Moody’s Downgrade Spurs Digital Asset Inflows The uptick comes amid mounting concerns over the U.S. economy following a Moody’s downgrade and rising treasury yields, which have prompted investors to seek diversification. “We believe that growing concerns over the US economy, driven by the Moody’s downgrade and the resulting spike in treasury yields, have prompted investors to seek diversification through digital assets.” Nevertheless, the United States led the inflows with $3.2 billion, while Germany, Hong Kong, and Australia contributed $41.5 million, $33.3 million, and $10.9 million, respectively. In contrast, Switzerland recorded $16.6 million in outflows, as investors cashed in on recent price gains. Bitcoin remained the top draw, attracting $2.9 billion, nearly 25% of all inflows for 2024. Short-Bitcoin products also saw increased activity, pulling in $12.7 million — the highest since December — suggesting some traders are betting against recent price rallies. Ethereum continued its positive momentum with $326 million in inflows, marking its fifth consecutive week of gains and the strongest week in nearly four months. XRP, however, saw its 80-week inflow streak break, posting a record $37.2 million in outflows. Bitcoin Surges After Trump Delays EU Tariffs Bitcoin briefly surged past $111,000 before retreating to $109,600 late Sunday, as markets responded to US President Donald Trump’s decision to delay a proposed 50% tariff on European Union goods. The announcement followed a phone call with EU Commission President Ursula von der Leyen, granting more time for trade negotiations and easing global market tensions. U.S. stock futures climbed modestly, signaling cautious optimism. However, volatility remains high, with a new July 9 deadline keeping investors on edge. The earlier threat of steep tariffs caused Bitcoin to dip nearly 2%, illustrating the crypto market’s growing sensitivity to macroeconomic and geopolitical developments. https://twitter.com/Tryrexcrypto/status/1926777638376341747 Meanwhile, analysts suggest that institutional inflows, supportive regulation, and broader monetary trends continue to create a structurally strong foundation for the crypto market, even as political developments stir short-term volatility. As reported, Shunyet Jan, Head of Derivatives at Bybit, has projected that Bitcoin could reach $125,000 by the end of Q2 if current trends persist. Last week, crypto analyst Scott Melker said he believes Bitcoin could surge to $250,000 by the end of 2025, driven by institutional demand and a maturing market structure. Likewise, Adam Back, a prominent figure in the Bitcoin community and CEO of Blockstream, believes that Bitcoin is significantly undervalued and could surge to between $500,000 and $1 million per coin during the current market cycle. The post Digital Asset Inflows Soar to $3.3B in a Week – YTD Hits $10.8B appeared first on Cryptonews.

Digital Asset Inflows Soar to $3.3B in a Week – YTD Hits $10.8B

Key Takeaways:

Crypto investment products saw $3.3 billion in weekly inflows, pushing 2024’s total to a record $10.8 billion.

Investor concerns over the U.S. economy and rising treasury yields are driving diversification into digital assets.

Bitcoin led with $2.9 billion in inflows, while XRP recorded its largest-ever weekly outflows at $37.2 million.

Institutional appetite for crypto investment products surged last week, with digital asset funds raking in $3.3 billion in inflows, according to data from CoinShares.

The wave of capital pushed year-to-date inflows to a record-breaking $10.8 billion, signaling renewed confidence in the sector.

CoinShares’ head of research James Butterfill noted that total assets under management in crypto exchange-traded products (ETPs) briefly touched an all-time high of $187.5 billion.

Moody’s Downgrade Spurs Digital Asset Inflows

The uptick comes amid mounting concerns over the U.S. economy following a Moody’s downgrade and rising treasury yields, which have prompted investors to seek diversification.

“We believe that growing concerns over the US economy, driven by the Moody’s downgrade and the resulting spike in treasury yields, have prompted investors to seek diversification through digital assets.”

Nevertheless, the United States led the inflows with $3.2 billion, while Germany, Hong Kong, and Australia contributed $41.5 million, $33.3 million, and $10.9 million, respectively.

In contrast, Switzerland recorded $16.6 million in outflows, as investors cashed in on recent price gains.

Bitcoin remained the top draw, attracting $2.9 billion, nearly 25% of all inflows for 2024.

Short-Bitcoin products also saw increased activity, pulling in $12.7 million — the highest since December — suggesting some traders are betting against recent price rallies.

Ethereum continued its positive momentum with $326 million in inflows, marking its fifth consecutive week of gains and the strongest week in nearly four months.

XRP, however, saw its 80-week inflow streak break, posting a record $37.2 million in outflows.

Bitcoin Surges After Trump Delays EU Tariffs

Bitcoin briefly surged past $111,000 before retreating to $109,600 late Sunday, as markets responded to US President Donald Trump’s decision to delay a proposed 50% tariff on European Union goods.

The announcement followed a phone call with EU Commission President Ursula von der Leyen, granting more time for trade negotiations and easing global market tensions.

U.S. stock futures climbed modestly, signaling cautious optimism. However, volatility remains high, with a new July 9 deadline keeping investors on edge.

The earlier threat of steep tariffs caused Bitcoin to dip nearly 2%, illustrating the crypto market’s growing sensitivity to macroeconomic and geopolitical developments.

https://twitter.com/Tryrexcrypto/status/1926777638376341747

Meanwhile, analysts suggest that institutional inflows, supportive regulation, and broader monetary trends continue to create a structurally strong foundation for the crypto market, even as political developments stir short-term volatility.

As reported, Shunyet Jan, Head of Derivatives at Bybit, has projected that Bitcoin could reach $125,000 by the end of Q2 if current trends persist.

Last week, crypto analyst Scott Melker said he believes Bitcoin could surge to $250,000 by the end of 2025, driven by institutional demand and a maturing market structure.

Likewise, Adam Back, a prominent figure in the Bitcoin community and CEO of Blockstream, believes that Bitcoin is significantly undervalued and could surge to between $500,000 and $1 million per coin during the current market cycle.

The post Digital Asset Inflows Soar to $3.3B in a Week – YTD Hits $10.8B appeared first on Cryptonews.

Speaker Mike Johnson Sidesteps Transparency Questions on Trump Meme Coin Dinner Amid DOJ CallsHouse Speaker Mike Johnson sidestepped calls for transparency on May 25, 2025, dodging questions about President Trump’s controversial meme coin dinner and the guest list, even as 35 House Democrats urged a Justice Department probe into possible corruption. Johnson said he knew nothing about the May 22 event and declined to say whether the attendees should be disclosed, leaving unanswered questions about ethics and political influence in the growing intersection of crypto and Washington power. Mike Johnson Deflects Questions on Trump’s Private Crypto Dinner Amid Democratic Scrutiny In a May 25 CNN interview, host Jake Tapper pressed House Speaker Mike Johnson about a private meme coin event hosted by former President Donald Trump. The closed-door dinner, held on May 23 at the Trump National Golf Club in Virginia, brought together top investors in the Trump-themed meme coin “TRUMP.” Tapper pointed out that the list of attendees had not been released, raising concerns about transparency and potential foreign influence. “We do not know who was there,” Tapper noted. “The list has not been released. We do not know how much of the money came from outside the country.” Speaker Johnson responded without addressing the specifics of the event. “The president has, of course, a huge role to play when it comes to regulating crypto,” he began before redirecting the discussion to partisan comparisons. “I really have a difficult time imagining that if this was a Democratic president doing the exact same thing, you wouldn’t be outraged.” He continued, “Look, I don’t know anything about the dinner. I was a little busy this past week, as you know, getting the reconciliation package over the line. I’m not going to comment on something I haven’t even heard about. I’m not sure who was there or what the purpose was.” Johnson praised Trump, calling him “one of the greatest dealmakers of all time.” Tapper pressed again on the issue, asking, “But on this matter with the crypto, shouldn’t we at least just know who was at the dinner? Wouldn’t you want to know that list of people?” Johnson again declined to answer directly. “That, I guess—I mean, again, I don’t know anything about that dinner,” he said. “I do know that President Trump is the most transparent president, in the most transparent administration, probably in history.” Despite repeated questions, Johnson provided no details about the dinner or its attendees, sidestepping concerns that Democratic lawmakers have increasingly voiced. Democrats Demand Transparency Over Trump’s Crypto Ties Democratic lawmakers are intensifying scrutiny over Donald Trump’s crypto dealings following the private dinner with top investors in his TRUMP meme coin. They call for a full attendee list, citing potential violations of federal bribery laws and the Constitution’s foreign emoluments clause, which prohibits presidents from accepting gifts or payments from foreign governments without congressional approval. The dinner's left a bitter taste in the mouth of many Americans… and the crypto industry#TRUMP #JustinSunhttps://t.co/z79M8d0bai — Cryptonews.com (@cryptonews) May 23, 2025 A Bloomberg report on May 7 indicated that many attendees were likely foreign nationals. Among the known attendees are Tron CEO Justin Sun, the largest TRUMP token holder and backer of Trump’s crypto platform World Liberty Financial, BitMart CEO Sheldon Xia, and Australian crypto entrepreneur Kain Warwick, who confirmed buying enough tokens to qualify for the top 25 investor bracket. In efforts to solidify their stance on political-crypto ties, House Democrats led by Rep. Maxine Waters introduced the “Stop TRUMP in Crypto Act,” which aims to prevent Trump and his family from profiting from crypto ventures while in or seeking office. Maxine Waters takes aim at Trump’s meme coin empire with a new anti-crypto corruption bill — right before his $TRUMP investor dinner. #MaxineWaters #DonaldTrumphttps://t.co/7XBjCCB6zr — Cryptonews.com (@cryptonews) May 22, 2025 Waters cited Trump’s alleged over $350 million financial gains from the TRUMP token, as well as his ties to World Liberty Financial and its stablecoin, USD1. The bill has support from 14 lawmakers, including Reps. Nydia Velázquez, Brad Sherman, and Gregory Meeks. Senate leaders are also considering further amendments to the GENIUS Act to restrict public officials’ involvement in digital currencies. The post Speaker Mike Johnson Sidesteps Transparency Questions on Trump Meme Coin Dinner Amid DOJ Calls appeared first on Cryptonews.

Speaker Mike Johnson Sidesteps Transparency Questions on Trump Meme Coin Dinner Amid DOJ Calls

House Speaker Mike Johnson sidestepped calls for transparency on May 25, 2025, dodging questions about President Trump’s controversial meme coin dinner and the guest list, even as 35 House Democrats urged a Justice Department probe into possible corruption.

Johnson said he knew nothing about the May 22 event and declined to say whether the attendees should be disclosed, leaving unanswered questions about ethics and political influence in the growing intersection of crypto and Washington power.

Mike Johnson Deflects Questions on Trump’s Private Crypto Dinner Amid Democratic Scrutiny

In a May 25 CNN interview, host Jake Tapper pressed House Speaker Mike Johnson about a private meme coin event hosted by former President Donald Trump. The closed-door dinner, held on May 23 at the Trump National Golf Club in Virginia, brought together top investors in the Trump-themed meme coin “TRUMP.” Tapper pointed out that the list of attendees had not been released, raising concerns about transparency and potential foreign influence.

“We do not know who was there,” Tapper noted. “The list has not been released. We do not know how much of the money came from outside the country.”

Speaker Johnson responded without addressing the specifics of the event. “The president has, of course, a huge role to play when it comes to regulating crypto,” he began before redirecting the discussion to partisan comparisons. “I really have a difficult time imagining that if this was a Democratic president doing the exact same thing, you wouldn’t be outraged.”

He continued, “Look, I don’t know anything about the dinner. I was a little busy this past week, as you know, getting the reconciliation package over the line. I’m not going to comment on something I haven’t even heard about. I’m not sure who was there or what the purpose was.”

Johnson praised Trump, calling him “one of the greatest dealmakers of all time.”

Tapper pressed again on the issue, asking, “But on this matter with the crypto, shouldn’t we at least just know who was at the dinner? Wouldn’t you want to know that list of people?”

Johnson again declined to answer directly. “That, I guess—I mean, again, I don’t know anything about that dinner,” he said. “I do know that President Trump is the most transparent president, in the most transparent administration, probably in history.”

Despite repeated questions, Johnson provided no details about the dinner or its attendees, sidestepping concerns that Democratic lawmakers have increasingly voiced.

Democrats Demand Transparency Over Trump’s Crypto Ties

Democratic lawmakers are intensifying scrutiny over Donald Trump’s crypto dealings following the private dinner with top investors in his TRUMP meme coin. They call for a full attendee list, citing potential violations of federal bribery laws and the Constitution’s foreign emoluments clause, which prohibits presidents from accepting gifts or payments from foreign governments without congressional approval.

The dinner's left a bitter taste in the mouth of many Americans… and the crypto industry#TRUMP #JustinSunhttps://t.co/z79M8d0bai

— Cryptonews.com (@cryptonews) May 23, 2025

A Bloomberg report on May 7 indicated that many attendees were likely foreign nationals. Among the known attendees are Tron CEO Justin Sun, the largest TRUMP token holder and backer of Trump’s crypto platform World Liberty Financial, BitMart CEO Sheldon Xia, and Australian crypto entrepreneur Kain Warwick, who confirmed buying enough tokens to qualify for the top 25 investor bracket.

In efforts to solidify their stance on political-crypto ties, House Democrats led by Rep. Maxine Waters introduced the “Stop TRUMP in Crypto Act,” which aims to prevent Trump and his family from profiting from crypto ventures while in or seeking office.

Maxine Waters takes aim at Trump’s meme coin empire with a new anti-crypto corruption bill — right before his $TRUMP investor dinner. #MaxineWaters #DonaldTrumphttps://t.co/7XBjCCB6zr

— Cryptonews.com (@cryptonews) May 22, 2025

Waters cited Trump’s alleged over $350 million financial gains from the TRUMP token, as well as his ties to World Liberty Financial and its stablecoin, USD1. The bill has support from 14 lawmakers, including Reps. Nydia Velázquez, Brad Sherman, and Gregory Meeks.

Senate leaders are also considering further amendments to the GENIUS Act to restrict public officials’ involvement in digital currencies.

The post Speaker Mike Johnson Sidesteps Transparency Questions on Trump Meme Coin Dinner Amid DOJ Calls appeared first on Cryptonews.

Bitcoin 2025 Conference: Will There Be a Big Announcement? The “orange carpet” is being rolled out for Bitcoin 2025 in Las Vegas — and with the world’s biggest cryptocurrency firmly in price discovery mode, there’s little doubt that attendees will have a spring in their step. A lot has changed since the last conference was held in Nashville 10 months ago. BTC was trading at $65,000, Donald Trump was yet to be elected president, and exchange-traded funds were in their infancy. Now, we’re in a world where the U.S. is establishing a strategic Bitcoin reserve, Pakistan is dedicating excess energy to mining new coins, and publicly traded companies are racing to amass as much of this digital asset as possible. Between Tuesday and Thursday, delegates will hear from the same bullish voices trotted out year after year. Strategy’s Michael Saylor will be there, along with Strike’s founder and CEO Jack Mallers. But it’s likely that the most headline-grabbing moments of the conference will come from senior members of the Trump administration — the people tasked with bringing the president’s pro-Bitcoin policies to life. Vice President JD Vance will be delivering a one-hour keynote on Wednesday morning, becoming the first politician holding this office to appear at the event. Financial disclosures previously revealed that he holds up to $500,000 in BTC, meaning he has a vested interest in this cryptocurrency’s performance. 24h7d30d1yAll time There’s also going to be a fireside chat with White House crypto czar David Sacks, moderated by Cameron and Tyler Winklevoss, with football-player-turned-Bitcoin-adviser Bo Hines taking part in a Q&A session. He’s been appointed as executive director of the president’s crypto council. The Trump family will also be well represented, with Eric and Donald Trump Jr. set to discuss “the rise of new Bitcoin business models” during a panel chaired by CNBC’s MacKenzie Sigalos. Fresh from launching World Liberty Financial, crypto is now a significant part of their sprawling empire. Attendees will undoubtedly be hoping for a “rabbit out of the hat” moment — a shiny new policy that will propel BTC forward. Such announcements have been made on stage in the past, famously in 2021 when El Salvador’s Nayib Bukele declared that his country would make the cryptocurrency legal tender. Three U.S. senators are also going to share the stage for a 30-minute discussion about the BITCOIN Act. This legislation, put forward by Cynthia Lummis, calls on the U.S. to acquire up to one million BTC over a five-year period. While certainly a radical proposal, this proposal seemed a little too much for the Trump administration to stomach. Officials have said a strategic Bitcoin reserve will consist of crypto seized from criminals — and no additional coins will be purchased unless this can be achieved in a budget-neutral way. Lummis has suggested selling gold reserves would enable this without costing taxpayers money. An early doors panel titled How Do We Fund The Strategic Bitcoin Reserve? could also prove interesting — and reveal other potential ways the U.S. could become a world leader when it comes to holding BTC. Other key themes will center on mining, custody and institutions, as well as focus on adoption in key markets including India and Latin America. The firebrand right-wing politician Nigel Farage, who leads Reform U.K., is also set to make an appearance — and has repeatedly called for the City of London to take advantage of Brexit by embracing the crypto sector. Bulls will be hoping that the dreaded “Bitcoin conference curse” doesn’t rear its ugly head once again, where prices fall during the event. Trump’s ever-changing stance on tariffs — which has seen restrictions added and removed with every passing day — means this can’t be ruled out. There’s one thing guaranteed at the biggest crypto conference on the planet: some pretty surreal moments. We’ve had extraordinary outbursts during panels, dollars ripped up in front of audiences, and even someone shilling Dogecoin burst onto the stage before being escorted off to a chorus of boos. Parties are also set to be high on the agenda — with champagne-fueled bashes taking place every night until 3am. After climbing back from a bruising bear market in 2022, and with the world’s most powerful man now a Bitcoiner, devotees will be looking to let their hair down and celebrate how far they’ve come. The post Bitcoin 2025 Conference: Will There Be a Big Announcement? appeared first on Cryptonews.

Bitcoin 2025 Conference: Will There Be a Big Announcement?

The “orange carpet” is being rolled out for Bitcoin 2025 in Las Vegas — and with the world’s biggest cryptocurrency firmly in price discovery mode, there’s little doubt that attendees will have a spring in their step.

A lot has changed since the last conference was held in Nashville 10 months ago. BTC was trading at $65,000, Donald Trump was yet to be elected president, and exchange-traded funds were in their infancy.

Now, we’re in a world where the U.S. is establishing a strategic Bitcoin reserve, Pakistan is dedicating excess energy to mining new coins, and publicly traded companies are racing to amass as much of this digital asset as possible.

Between Tuesday and Thursday, delegates will hear from the same bullish voices trotted out year after year. Strategy’s Michael Saylor will be there, along with Strike’s founder and CEO Jack Mallers.

But it’s likely that the most headline-grabbing moments of the conference will come from senior members of the Trump administration — the people tasked with bringing the president’s pro-Bitcoin policies to life.

Vice President JD Vance will be delivering a one-hour keynote on Wednesday morning, becoming the first politician holding this office to appear at the event. Financial disclosures previously revealed that he holds up to $500,000 in BTC, meaning he has a vested interest in this cryptocurrency’s performance.

24h7d30d1yAll time

There’s also going to be a fireside chat with White House crypto czar David Sacks, moderated by Cameron and Tyler Winklevoss, with football-player-turned-Bitcoin-adviser Bo Hines taking part in a Q&A session. He’s been appointed as executive director of the president’s crypto council.

The Trump family will also be well represented, with Eric and Donald Trump Jr. set to discuss “the rise of new Bitcoin business models” during a panel chaired by CNBC’s MacKenzie Sigalos. Fresh from launching World Liberty Financial, crypto is now a significant part of their sprawling empire.

Attendees will undoubtedly be hoping for a “rabbit out of the hat” moment — a shiny new policy that will propel BTC forward. Such announcements have been made on stage in the past, famously in 2021 when El Salvador’s Nayib Bukele declared that his country would make the cryptocurrency legal tender.

Three U.S. senators are also going to share the stage for a 30-minute discussion about the BITCOIN Act. This legislation, put forward by Cynthia Lummis, calls on the U.S. to acquire up to one million BTC over a five-year period.

While certainly a radical proposal, this proposal seemed a little too much for the Trump administration to stomach. Officials have said a strategic Bitcoin reserve will consist of crypto seized from criminals — and no additional coins will be purchased unless this can be achieved in a budget-neutral way. Lummis has suggested selling gold reserves would enable this without costing taxpayers money.

An early doors panel titled How Do We Fund The Strategic Bitcoin Reserve? could also prove interesting — and reveal other potential ways the U.S. could become a world leader when it comes to holding BTC.

Other key themes will center on mining, custody and institutions, as well as focus on adoption in key markets including India and Latin America. The firebrand right-wing politician Nigel Farage, who leads Reform U.K., is also set to make an appearance — and has repeatedly called for the City of London to take advantage of Brexit by embracing the crypto sector.

Bulls will be hoping that the dreaded “Bitcoin conference curse” doesn’t rear its ugly head once again, where prices fall during the event. Trump’s ever-changing stance on tariffs — which has seen restrictions added and removed with every passing day — means this can’t be ruled out.

There’s one thing guaranteed at the biggest crypto conference on the planet: some pretty surreal moments. We’ve had extraordinary outbursts during panels, dollars ripped up in front of audiences, and even someone shilling Dogecoin burst onto the stage before being escorted off to a chorus of boos.

Parties are also set to be high on the agenda — with champagne-fueled bashes taking place every night until 3am. After climbing back from a bruising bear market in 2022, and with the world’s most powerful man now a Bitcoiner, devotees will be looking to let their hair down and celebrate how far they’ve come.

The post Bitcoin 2025 Conference: Will There Be a Big Announcement? appeared first on Cryptonews.

DOGE

Chinese Internet Regulator Shuts Down Accounts Illegally Touting Crypto TradingThe Cyberspace Administration of China, the national internet regulator and censor, has shut down more than a dozen social media accounts that were spreading false information on stock and crypto markets. The agency said Saturday that some of the targeted accounts touted illegal stock recommendations and hyped crypto trading. Social Media Accounts, Websites Lure Netizens With Fake Crypto Hypes According to a report by Baidu, several accounts on Weibo with names such as “Huo Ge Chats About Cryptocurrency”, and “Arn – On Coins,” promoted any hyped crypto transactions. “[They] induced netizens to participate in virtual currency transactions by posting group chat information and profit screenshots,” the report read. Further, some websites – PKEX, WEEX, and HTX – offered app download services for trading in international crypto platforms. The accounts were found in popular Chinese social media platforms, including Weibo, Douyin, RedNote and WeChat. The fake accounts and websites involved in crypto promotions have been closed, the watchdog noted. The Cyberspace Administration has collaborated with financial regulators to carry out the crackdown operation. “The public should invest wisely, stay alert to risks, avoid spreading rumours, and steer clear of illegal financial activities,” the regulator said. Surging Crypto Criminal Cases With China’s ban on crypto trading and mining, many Chinese citizens have been on the lookout for offshore exchanges. Some of them have been routing transactions through VPNs or international platforms. To meet the demand, fraudsters have been using false claims to lure victims into scams involving fake promotions, and phishing. The People’s Bank of China Digital Currency Research Institute warned users in April over claims circulating online about the launch of a “Digital Yuan Bank.” Various platforms have spread false information alleging new pilot programs in cities like Shanghai. According to the Securities Times investigation, scammers have used these claims to solicit personal and financial data from the public. They promised cashback returns of up to 5%, creating chat rooms and hosting in-person events to convince individuals to convert digital yuan using unauthorised channels. Further, blockchain security firm SAFEIS reported that money involved in crypto-related crimes in China surged 10-fold to 430.7 billion yuan ($59 billion) in 2023. The post Chinese Internet Regulator Shuts Down Accounts Illegally Touting Crypto Trading appeared first on Cryptonews.

Chinese Internet Regulator Shuts Down Accounts Illegally Touting Crypto Trading

The Cyberspace Administration of China, the national internet regulator and censor, has shut down more than a dozen social media accounts that were spreading false information on stock and crypto markets.

The agency said Saturday that some of the targeted accounts touted illegal stock recommendations and hyped crypto trading.

Social Media Accounts, Websites Lure Netizens With Fake Crypto Hypes

According to a report by Baidu, several accounts on Weibo with names such as “Huo Ge Chats About Cryptocurrency”, and “Arn – On Coins,” promoted any hyped crypto transactions.

“[They] induced netizens to participate in virtual currency transactions by posting group chat information and profit screenshots,” the report read. Further, some websites – PKEX, WEEX, and HTX – offered app download services for trading in international crypto platforms.

The accounts were found in popular Chinese social media platforms, including Weibo, Douyin, RedNote and WeChat. The fake accounts and websites involved in crypto promotions have been closed, the watchdog noted.

The Cyberspace Administration has collaborated with financial regulators to carry out the crackdown operation.

“The public should invest wisely, stay alert to risks, avoid spreading rumours, and steer clear of illegal financial activities,” the regulator said.

Surging Crypto Criminal Cases

With China’s ban on crypto trading and mining, many Chinese citizens have been on the lookout for offshore exchanges. Some of them have been routing transactions through VPNs or international platforms.

To meet the demand, fraudsters have been using false claims to lure victims into scams involving fake promotions, and phishing.

The People’s Bank of China Digital Currency Research Institute warned users in April over claims circulating online about the launch of a “Digital Yuan Bank.”

Various platforms have spread false information alleging new pilot programs in cities like Shanghai.

According to the Securities Times investigation, scammers have used these claims to solicit personal and financial data from the public. They promised cashback returns of up to 5%, creating chat rooms and hosting in-person events to convince individuals to convert digital yuan using unauthorised channels.

Further, blockchain security firm SAFEIS reported that money involved in crypto-related crimes in China surged 10-fold to 430.7 billion yuan ($59 billion) in 2023.

The post Chinese Internet Regulator Shuts Down Accounts Illegally Touting Crypto Trading appeared first on Cryptonews.

Pakistan Appoints Bilal Bin Saqib as Special Assistant to PM on Crypto and BlockchainKey Takeaways: Bilal Bin Saqib has been appointed as Special Assistant to the Prime Minister on Blockchain and Crypto. His role includes drafting crypto regulations, launching mining projects, and integrating blockchain into government systems. Pakistan is ramping up digital efforts with 2,000 MW allocated to Bitcoin and AI infrastructure. Pakistan Prime Minister Shehbaz Sharif has elevated the Crypto Council CEO Bilal Bin Saqib to the role of Special Assistant to the PM on Blockchain and Crypto, granting him the status of a minister of state. The appointment has been made under Rule 4(6) of the Rules of Business, 1973, and takes immediate effect, local media reported, citing an official notification issued by the Prime Minister’s Office on May 26. Saqib, a graduate of the London School of Economics and recipient of the MBE from King Charles III, already plays a central role in Pakistan’s crypto landscape. He leads the Pakistan Crypto Council (PCC) and serves as Chief Advisor to the Finance Minister. Under his leadership, the PCC has fostered high-profile partnerships, including a recent agreement with World Liberty Financial (WLF), a DeFi initiative endorsed by Donald Trump. Saqib Appointed CZ as Strategic Advisor to PCC Saqib has also invited Binance founder Changpeng Zhao (CZ) to act as a Strategic Advisor to the PCC, helping shape regulatory frameworks, education programs, and infrastructure development. As Special Assistant, Saqib will be tasked with key responsibilities: drafting FATF-compliant crypto regulations, launching state-backed Bitcoin mining projects, and overseeing blockchain integration in governance, land records, and finance. He will also supervise licensing of virtual asset service providers and advance investor protection measures in the Web3 space. Pakistan’s crypto market is already sizable. Chainalysis ranked it among the top 10 globally in 2023, with nearly 40 million users and $300 billion in annual trading volume. PM Shahbaz Sharif @CMShehbaz appointed Mr Bilal Bin Saqib @Bilalbinsaqib as Special Assistant to PM on Block chain and Crypto with the status of Minister of State… correct decision but late,,, pic.twitter.com/l3HS3dYsN8 — javed soomro (@SoomroJaved) May 26, 2025 The country also produces 40,000 IT graduates each year and ranks fourth globally in freelance work. Saqib’s appointment comes as Pakistan looks to leverage its digital potential and youthful population, where over 60% are under 30. With this appointment, Pakistan joins a select group of nations, among them the U.S., UAE, and El Salvador, that have elevated crypto and blockchain oversight to the ministerial level. Pakistan Reserves 2,000 MW to Power Crypto Mining and AI Centers On Sunday, Pakistan committed 2,000 megawatts of surplus electricity to fuel Bitcoin mining and artificial intelligence centers, marking a bold step in its digital transformation agenda. The initiative aims to attract foreign investment while positioning the country as a serious player in the tech economy. In the first phase, the government will direct excess power to infrastructure supporting crypto mining and AI development. Finance Minister Muhammad Aurangzeb said the project is expected to bring billions in capital inflows and create high-skilled jobs nationwide. He also confirmed that foreign companies have already begun exploring partnership opportunities, with several delegations visiting in recent months. Saqib had earlier proposed the idea of utilizing untapped energy reserves for crypto mining during the Council’s March 21 meeting, attended by key regulators and government officials. The second phase of the plan involves integrating renewable energy into these operations, aligning with broader sustainability goals. The post Pakistan Appoints Bilal Bin Saqib as Special Assistant to PM on Crypto and Blockchain appeared first on Cryptonews.

Pakistan Appoints Bilal Bin Saqib as Special Assistant to PM on Crypto and Blockchain

Key Takeaways:

Bilal Bin Saqib has been appointed as Special Assistant to the Prime Minister on Blockchain and Crypto.

His role includes drafting crypto regulations, launching mining projects, and integrating blockchain into government systems.

Pakistan is ramping up digital efforts with 2,000 MW allocated to Bitcoin and AI infrastructure.

Pakistan Prime Minister Shehbaz Sharif has elevated the Crypto Council CEO Bilal Bin Saqib to the role of Special Assistant to the PM on Blockchain and Crypto, granting him the status of a minister of state.

The appointment has been made under Rule 4(6) of the Rules of Business, 1973, and takes immediate effect, local media reported, citing an official notification issued by the Prime Minister’s Office on May 26.

Saqib, a graduate of the London School of Economics and recipient of the MBE from King Charles III, already plays a central role in Pakistan’s crypto landscape.

He leads the Pakistan Crypto Council (PCC) and serves as Chief Advisor to the Finance Minister. Under his leadership, the PCC has fostered high-profile partnerships, including a recent agreement with World Liberty Financial (WLF), a DeFi initiative endorsed by Donald Trump.

Saqib Appointed CZ as Strategic Advisor to PCC

Saqib has also invited Binance founder Changpeng Zhao (CZ) to act as a Strategic Advisor to the PCC, helping shape regulatory frameworks, education programs, and infrastructure development.

As Special Assistant, Saqib will be tasked with key responsibilities: drafting FATF-compliant crypto regulations, launching state-backed Bitcoin mining projects, and overseeing blockchain integration in governance, land records, and finance.

He will also supervise licensing of virtual asset service providers and advance investor protection measures in the Web3 space.

Pakistan’s crypto market is already sizable. Chainalysis ranked it among the top 10 globally in 2023, with nearly 40 million users and $300 billion in annual trading volume.

PM Shahbaz Sharif @CMShehbaz appointed Mr Bilal Bin Saqib @Bilalbinsaqib as Special Assistant to PM on Block chain and Crypto with the status of Minister of State… correct decision but late,,, pic.twitter.com/l3HS3dYsN8

— javed soomro (@SoomroJaved) May 26, 2025

The country also produces 40,000 IT graduates each year and ranks fourth globally in freelance work.

Saqib’s appointment comes as Pakistan looks to leverage its digital potential and youthful population, where over 60% are under 30.

With this appointment, Pakistan joins a select group of nations, among them the U.S., UAE, and El Salvador, that have elevated crypto and blockchain oversight to the ministerial level.

Pakistan Reserves 2,000 MW to Power Crypto Mining and AI Centers

On Sunday, Pakistan committed 2,000 megawatts of surplus electricity to fuel Bitcoin mining and artificial intelligence centers, marking a bold step in its digital transformation agenda.

The initiative aims to attract foreign investment while positioning the country as a serious player in the tech economy.

In the first phase, the government will direct excess power to infrastructure supporting crypto mining and AI development.

Finance Minister Muhammad Aurangzeb said the project is expected to bring billions in capital inflows and create high-skilled jobs nationwide.

He also confirmed that foreign companies have already begun exploring partnership opportunities, with several delegations visiting in recent months.

Saqib had earlier proposed the idea of utilizing untapped energy reserves for crypto mining during the Council’s March 21 meeting, attended by key regulators and government officials.

The second phase of the plan involves integrating renewable energy into these operations, aligning with broader sustainability goals.

The post Pakistan Appoints Bilal Bin Saqib as Special Assistant to PM on Crypto and Blockchain appeared first on Cryptonews.

Synthetix Drops $27M Token Swap Deal to Acquire Derive’s Options PlatformKey Takeaways: Synthetix and Derive mutually withdrew a $27M token swap deal after community pushback. Derive users criticized the proposed valuation and raised concerns over token dilution for SNX holders. Both projects will continue independently, with Synthetix exploring alternatives for Perps V4 and Derive focusing on its own roadmap. Synthetix and Derive have officially shelved a proposed $27 million acquisition deal that would have seen the two decentralized derivatives platforms merge under a token swap agreement. Originally introduced in mid-May, the proposal involved Synthetix acquiring Derive’s treasury, technology, and full product suite. The move was intended to consolidate efforts into a single protocol on Ethereum. The plan was outlined in governance proposals SIP-415 (Synthetix) and DIP (Derive), both of which have now been withdrawn following internal review and pushback from community members. Derive Cites Community Pushback in Calling Off Synthetix Deal Derive, formerly known as Lyra, confirmed the cancellation, stating the decision followed “thoughtful discussion and community feedback.” Under the terms of the deal, Synthetix would have minted 29.3 million SNX tokens to complete the acquisition, valuing Derive at $27 million, with a swap ratio of 27 DRV per 1 SNX. However, opposition quickly mounted. Members of the Derive community challenged the valuation, pointing to Derive’s recent surge in revenue and arguing that it appeared undervalued relative to Synthetix. Concerns were also raised about the dilution impact on SNX holders, prompting calls for a reassessment. Synthetix had hoped the acquisition would enhance its upcoming Perps V4 release, which features a centralized limit order book architecture on Ethereum. The SIP-415 and DIP proposals to merge Synthetix and Derive have been mutually withdrawn following thoughtful discussion and community feedback. This moment reaffirms our independent path and the community's belief in it. Derive operations remain uninterrupted. Trading is live,… https://t.co/Uf5DmZNME5 — Derive (@derivexyz) May 21, 2025 Without the merger, the team will now look at alternative strategies to boost its product suite. For its part, Derive reaffirmed its commitment to building independently, positioning the decision as a moment to double down on its own roadmap. Synthetix Pushes New Staking Plan to Restore sUSD Peg Last month, Synthetix founder Kain Warwick urged SNX stakers to participate in the newly launched sUSD 420 Pool, a staking mechanism introduced to restore the sUSD stablecoin’s dollar peg. The pool offers a share of 5 million SNX tokens to users who lock up their sUSD for 12 months, aiming to reduce the token’s circulating supply and stabilize its value. Despite the incentive, Warwick admitted the process is still “very manual” and lacks a proper user interface, which is currently in development. He warned that if voluntary participation remains low even after the UI launches, more aggressive measures could follow. sUSD, a crypto-collateralized stablecoin backed by SNX, has struggled to maintain its peg, recently falling as low as $0.68 before recovering to $0.77. Warwick emphasized that the solution lies within the SNX community, whose combined wealth could resolve the issue. The initiative is part of SIP-420, which also shifts debt risk from stakers to the protocol itself. The post Synthetix Drops $27M Token Swap Deal to Acquire Derive’s Options Platform appeared first on Cryptonews.

Synthetix Drops $27M Token Swap Deal to Acquire Derive’s Options Platform

Key Takeaways:

Synthetix and Derive mutually withdrew a $27M token swap deal after community pushback.

Derive users criticized the proposed valuation and raised concerns over token dilution for SNX holders.

Both projects will continue independently, with Synthetix exploring alternatives for Perps V4 and Derive focusing on its own roadmap.

Synthetix and Derive have officially shelved a proposed $27 million acquisition deal that would have seen the two decentralized derivatives platforms merge under a token swap agreement.

Originally introduced in mid-May, the proposal involved Synthetix acquiring Derive’s treasury, technology, and full product suite.

The move was intended to consolidate efforts into a single protocol on Ethereum.

The plan was outlined in governance proposals SIP-415 (Synthetix) and DIP (Derive), both of which have now been withdrawn following internal review and pushback from community members.

Derive Cites Community Pushback in Calling Off Synthetix Deal

Derive, formerly known as Lyra, confirmed the cancellation, stating the decision followed “thoughtful discussion and community feedback.”

Under the terms of the deal, Synthetix would have minted 29.3 million SNX tokens to complete the acquisition, valuing Derive at $27 million, with a swap ratio of 27 DRV per 1 SNX.

However, opposition quickly mounted. Members of the Derive community challenged the valuation, pointing to Derive’s recent surge in revenue and arguing that it appeared undervalued relative to Synthetix.

Concerns were also raised about the dilution impact on SNX holders, prompting calls for a reassessment.

Synthetix had hoped the acquisition would enhance its upcoming Perps V4 release, which features a centralized limit order book architecture on Ethereum.

The SIP-415 and DIP proposals to merge Synthetix and Derive have been mutually withdrawn following thoughtful discussion and community feedback.

This moment reaffirms our independent path and the community's belief in it.

Derive operations remain uninterrupted. Trading is live,… https://t.co/Uf5DmZNME5

— Derive (@derivexyz) May 21, 2025

Without the merger, the team will now look at alternative strategies to boost its product suite.

For its part, Derive reaffirmed its commitment to building independently, positioning the decision as a moment to double down on its own roadmap.

Synthetix Pushes New Staking Plan to Restore sUSD Peg

Last month, Synthetix founder Kain Warwick urged SNX stakers to participate in the newly launched sUSD 420 Pool, a staking mechanism introduced to restore the sUSD stablecoin’s dollar peg.

The pool offers a share of 5 million SNX tokens to users who lock up their sUSD for 12 months, aiming to reduce the token’s circulating supply and stabilize its value.

Despite the incentive, Warwick admitted the process is still “very manual” and lacks a proper user interface, which is currently in development.

He warned that if voluntary participation remains low even after the UI launches, more aggressive measures could follow.

sUSD, a crypto-collateralized stablecoin backed by SNX, has struggled to maintain its peg, recently falling as low as $0.68 before recovering to $0.77.

Warwick emphasized that the solution lies within the SNX community, whose combined wealth could resolve the issue.

The initiative is part of SIP-420, which also shifts debt risk from stakers to the protocol itself.

The post Synthetix Drops $27M Token Swap Deal to Acquire Derive’s Options Platform appeared first on Cryptonews.

SNX

Coinbase Investors File Suit Over Alleged Mishandling of User Data LeakCoinbase is facing a class action lawsuit from shareholders who allege the crypto exchange failed to promptly disclose a serious data breach and a regulatory violation, both of which contributed to a drop in the company’s stock price. The lawsuit, filed Thursday in the US District Court for the Eastern District of Pennsylvania, claims investors suffered significant financial losses as a result of the company’s omissions. According to court filings, the lead plaintiff, investor Brady Nessler, argues that Coinbase kept shareholders in the dark about key risks, including a breach of a 2020 agreement by its UK subsidiary, CB Payments, and a December cyberattack that compromised the personal data of tens of thousands of users. Coinbase didn’t return Cryptonews’ request for comment by press time. Coinbase Faces Legal Heat as Stock Dips After Late Breach Disclosure The breach, which involved the bribing of customer service staff by hackers, was not disclosed until May 15, 2025. On the day of the announcement, Coinbase’s stock fell by 7.2% to close at $244. The company estimated the potential financial fallout from the breach, including customer reimbursements and internal remediation, could range between $180m and $400m. Since then, the stock has modestly rebounded, closing at $263.16 on May 23. The lawsuit names Coinbase CEO Brian Armstrong and CFO Alesia Haas as co-defendants. It accuses the company of failing to make timely disclosures that could have warned investors of the risks, in violation of federal securities laws. Shareholders who purchased Coinbase stock between April 14, 2021, and May 14, 2025, are included in the proposed class. The suit seeks to recover damages tied to the stock price decline following the disclosures. Cybersecurity Failures and Delayed Disclosure Fuel Wave of Investor Lawsuits However, this is only one of several legal actions Coinbase is currently facing in connection with the breach. Between May 15 and May 16, at least six class-action lawsuits were filed against the exchange. Plaintiffs in those cases have accused the company of negligence, weak cybersecurity infrastructure and a delayed, inadequate response to the incident. Coinbase’s security breach is now under investigation by the US Justice Department. According to reports, the breach affected data from nearly 97,000 accounts. Additionally, the hacker demanded a $20m ransom. They gained access to government-issued IDs and email addresses. Coinbase refused to pay and instead offered a $20m bounty to track down the perpetrator. It later confirmed that sensitive data from at least 69,461 customers had been compromised. The company has since dismissed the employees involved. It also stated that it is enhancing internal controls. However, the timing of its disclosure has raised concerns. Both investors and regulators have questioned the delay. As a result, fresh scrutiny is now falling on the exchange. The post Coinbase Investors File Suit Over Alleged Mishandling of User Data Leak appeared first on Cryptonews.

Coinbase Investors File Suit Over Alleged Mishandling of User Data Leak

Coinbase is facing a class action lawsuit from shareholders who allege the crypto exchange failed to promptly disclose a serious data breach and a regulatory violation, both of which contributed to a drop in the company’s stock price.

The lawsuit, filed Thursday in the US District Court for the Eastern District of Pennsylvania, claims investors suffered significant financial losses as a result of the company’s omissions.

According to court filings, the lead plaintiff, investor Brady Nessler, argues that Coinbase kept shareholders in the dark about key risks, including a breach of a 2020 agreement by its UK subsidiary, CB Payments, and a December cyberattack that compromised the personal data of tens of thousands of users.

Coinbase didn’t return Cryptonews’ request for comment by press time.

Coinbase Faces Legal Heat as Stock Dips After Late Breach Disclosure

The breach, which involved the bribing of customer service staff by hackers, was not disclosed until May 15, 2025.

On the day of the announcement, Coinbase’s stock fell by 7.2% to close at $244. The company estimated the potential financial fallout from the breach, including customer reimbursements and internal remediation, could range between $180m and $400m. Since then, the stock has modestly rebounded, closing at $263.16 on May 23.

The lawsuit names Coinbase CEO Brian Armstrong and CFO Alesia Haas as co-defendants. It accuses the company of failing to make timely disclosures that could have warned investors of the risks, in violation of federal securities laws.

Shareholders who purchased Coinbase stock between April 14, 2021, and May 14, 2025, are included in the proposed class. The suit seeks to recover damages tied to the stock price decline following the disclosures.

Cybersecurity Failures and Delayed Disclosure Fuel Wave of Investor Lawsuits

However, this is only one of several legal actions Coinbase is currently facing in connection with the breach. Between May 15 and May 16, at least six class-action lawsuits were filed against the exchange.

Plaintiffs in those cases have accused the company of negligence, weak cybersecurity infrastructure and a delayed, inadequate response to the incident.

Coinbase’s security breach is now under investigation by the US Justice Department. According to reports, the breach affected data from nearly 97,000 accounts. Additionally, the hacker demanded a $20m ransom. They gained access to government-issued IDs and email addresses.

Coinbase refused to pay and instead offered a $20m bounty to track down the perpetrator. It later confirmed that sensitive data from at least 69,461 customers had been compromised.

The company has since dismissed the employees involved. It also stated that it is enhancing internal controls. However, the timing of its disclosure has raised concerns. Both investors and regulators have questioned the delay. As a result, fresh scrutiny is now falling on the exchange.

The post Coinbase Investors File Suit Over Alleged Mishandling of User Data Leak appeared first on Cryptonews.

Pakistan Reserves 2,000 MW to Power Bitcoin Mining and AI CentersKey Takeaways: Pakistan has allocated 2,000 MW of surplus electricity to support Bitcoin mining and AI infrastructure. The initiative is expected to attract billions in foreign investment and generate high-skilled jobs. A new regulatory authority and global partnerships aim to position Pakistan as a leader in crypto and AI innovation. Pakistan has committed 2,000 megawatts of surplus electricity to fuel Bitcoin mining and artificial intelligence centers, marking a bold step in its digital transformation agenda. The initiative, driven by the Pakistan Crypto Council and supported by the Ministry of Finance, aims to attract foreign investment while positioning the country as a serious player in the tech economy. In the first phase, the government will direct excess power to infrastructure supporting crypto mining and AI development, according to a May 25 report by local news outlet 24NewsHD TV Channel. Pakistan Eyes Billions in Investment from Bitcoin and AI Push Finance Minister Muhammad Aurangzeb said the project is expected to bring billions in capital inflows and create high-skilled jobs nationwide. He also confirmed that foreign companies have already begun exploring partnership opportunities, with several delegations visiting in recent months. To support adoption, the Ministry of Finance has introduced tax incentives for AI firms and waived import duties for Bitcoin mining hardware. These benefits are part of a wider strategy to build confidence among investors and signal regulatory readiness. Bilal Bin Saqib, head of the Pakistan Crypto Council, called the move a “turning point” for the nation’s digital economy. Saqib had earlier proposed the idea of utilizing untapped energy reserves for crypto mining during the Council’s March 21 meeting, attended by key regulators and government officials. He said that with proper oversight, Pakistan could emerge as a regional hub for blockchain innovation and AI development. The second phase of the plan involves integrating renewable energy into these operations, aligning with broader sustainability goals. Officials noted that this approach seeks to balance technological growth with environmental concerns. As part of the broader overhaul, the government recently endorsed the creation of the Pakistan Digital Assets Authority (PDAA). This regulatory body will oversee licensing, tokenization of national assets, and the development of decentralized finance applications. It will also play a central role in managing the monetization of excess electricity through regulated Bitcoin mining. Pakistan currently ranks ninth globally in crypto adoption, according to Chainalysis, driven largely by retail usage. 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. 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 Reserves 2,000 MW to Power Bitcoin Mining and AI Centers appeared first on Cryptonews.

Pakistan Reserves 2,000 MW to Power Bitcoin Mining and AI Centers

Key Takeaways:

Pakistan has allocated 2,000 MW of surplus electricity to support Bitcoin mining and AI infrastructure.

The initiative is expected to attract billions in foreign investment and generate high-skilled jobs.

A new regulatory authority and global partnerships aim to position Pakistan as a leader in crypto and AI innovation.

Pakistan has committed 2,000 megawatts of surplus electricity to fuel Bitcoin mining and artificial intelligence centers, marking a bold step in its digital transformation agenda.

The initiative, driven by the Pakistan Crypto Council and supported by the Ministry of Finance, aims to attract foreign investment while positioning the country as a serious player in the tech economy.

In the first phase, the government will direct excess power to infrastructure supporting crypto mining and AI development, according to a May 25 report by local news outlet 24NewsHD TV Channel.

Pakistan Eyes Billions in Investment from Bitcoin and AI Push

Finance Minister Muhammad Aurangzeb said the project is expected to bring billions in capital inflows and create high-skilled jobs nationwide.

He also confirmed that foreign companies have already begun exploring partnership opportunities, with several delegations visiting in recent months.

To support adoption, the Ministry of Finance has introduced tax incentives for AI firms and waived import duties for Bitcoin mining hardware.

These benefits are part of a wider strategy to build confidence among investors and signal regulatory readiness.

Bilal Bin Saqib, head of the Pakistan Crypto Council, called the move a “turning point” for the nation’s digital economy.

Saqib had earlier proposed the idea of utilizing untapped energy reserves for crypto mining during the Council’s March 21 meeting, attended by key regulators and government officials.

He said that with proper oversight, Pakistan could emerge as a regional hub for blockchain innovation and AI development.

The second phase of the plan involves integrating renewable energy into these operations, aligning with broader sustainability goals.

Officials noted that this approach seeks to balance technological growth with environmental concerns.

As part of the broader overhaul, the government recently endorsed the creation of the Pakistan Digital Assets Authority (PDAA).

This regulatory body will oversee licensing, tokenization of national assets, and the development of decentralized finance applications.

It will also play a central role in managing the monetization of excess electricity through regulated Bitcoin mining.

Pakistan currently ranks ninth globally in crypto adoption, according to Chainalysis, driven largely by retail usage.

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.

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 Reserves 2,000 MW to Power Bitcoin Mining and AI Centers appeared first on Cryptonews.

Manhattan Crypto Investor Charged in Violent Bitcoin Extortion PlotA 37-year-old crypto investor is facing multiple felony charges after allegedly kidnapping and torturing a man inside a luxury Manhattan townhouse for nearly three weeks in a failed attempt to steal his Bitcoin. John Woeltz, originally from Kentucky, was arrested Friday morning after the 28-year-old victim, a visitor from Italy, managed to escape and flag down a traffic officer in the NoLIta neighborhood. According to prosecutors, Woeltz and at least one accomplice held the man captive in an eight-bedroom townhouse that Woeltz had been renting for $30,000 a month. The victim had flown to New York on May 6. What he believed would be a routine meeting quickly turned into a prolonged ordeal of violence and intimidation. People are getting kidnapped & tortured for their crypto. Stop flaunting your wealth. Stop bragging about what you own. Be smart people. John Woeltz, a 37-year-old crypto investor, and Beatrice Folchi were arrested in New York City for allegedly kidnapping and torturing an… pic.twitter.com/7ldzgQumZy — Vandell | Black Swan Capitalist (@vandell33) May 26, 2025 Victim Escapes After Weeks of Abuse in Bitcoin Ransom Plot, Police Say Authorities said Woeltz and an unidentified male accomplice stole the victim’s passport and electronic devices. Then, they demanded the password to his Bitcoin wallet. When the man refused, the attackers bound him and beat him. They also shocked him with wires and threatened him with a gun. In one instance the men allegedly suspended the victim over a stairwell. They warned him that he would be killed if he didn’t comply. Later, they escalated the threats further by saying they would harm his family. On Friday, the man, fearing for his life, agreed to retrieve his password. He told the attackers it was stored on a laptop in another room. Then, as Woeltz turned his back, the victim seized the opportunity and fled. He ran toward a nearby traffic agent, who immediately called for help. Shortly after, officers from the Fifth Precinct arrived and took Woeltz into custody. The victim was taken to Bellevue Hospital and is reported to be in stable condition. Police Find Torture Evidence in Manhattan Townhouse A search of the townhouse uncovered disturbing evidence. Officers found Polaroid photos showing the man bound and assaulted. In addition, they recovered a firearm, cocaine, and various items including chicken wire, a saw, body armor, ammunition and night vision goggles. Meanwhile, two butlers working at the residence agreed to speak with the police. Another person, Beatrice Folchi, was also arrested and charged with kidnapping and unlawful imprisonment. The Manhattan District Attorney’s Office, however, declined to prosecute her at this time, citing the need for further investigation. Woeltz was arraigned on Saturday in Manhattan criminal court. He was charged with kidnapping, assault, unlawful imprisonment and criminal possession of a weapon. Additionally, the judge ordered him held without bail and required him to surrender his passport. Prosecutors also noted that he has access to a private jet and a helicopter, which raised concerns about his flight risk. The incident reflects a growing wave of violent attacks targeting cryptocurrency holders and industry executives, whose digital wallets, often secured by a single password, present an attractive target. Earlier this month, armed men in central Paris attempted to abduct the daughter of a prominent crypto executive and her two-year-old child in broad daylight. As the value of Bitcoin and other digital assets has soared in recent years, so too has the incentive for criminals to sidestep sophisticated cyber defenses and instead use physical force to gain access. The post Manhattan Crypto Investor Charged in Violent Bitcoin Extortion Plot appeared first on Cryptonews.

Manhattan Crypto Investor Charged in Violent Bitcoin Extortion Plot

A 37-year-old crypto investor is facing multiple felony charges after allegedly kidnapping and torturing a man inside a luxury Manhattan townhouse for nearly three weeks in a failed attempt to steal his Bitcoin.

John Woeltz, originally from Kentucky, was arrested Friday morning after the 28-year-old victim, a visitor from Italy, managed to escape and flag down a traffic officer in the NoLIta neighborhood.

According to prosecutors, Woeltz and at least one accomplice held the man captive in an eight-bedroom townhouse that Woeltz had been renting for $30,000 a month.

The victim had flown to New York on May 6. What he believed would be a routine meeting quickly turned into a prolonged ordeal of violence and intimidation.

People are getting kidnapped & tortured for their crypto.

Stop flaunting your wealth.

Stop bragging about what you own.

Be smart people.

John Woeltz, a 37-year-old crypto investor, and Beatrice Folchi were arrested in New York City for allegedly kidnapping and torturing an… pic.twitter.com/7ldzgQumZy

— Vandell | Black Swan Capitalist (@vandell33) May 26, 2025

Victim Escapes After Weeks of Abuse in Bitcoin Ransom Plot, Police Say

Authorities said Woeltz and an unidentified male accomplice stole the victim’s passport and electronic devices. Then, they demanded the password to his Bitcoin wallet. When the man refused, the attackers bound him and beat him. They also shocked him with wires and threatened him with a gun.

In one instance the men allegedly suspended the victim over a stairwell. They warned him that he would be killed if he didn’t comply. Later, they escalated the threats further by saying they would harm his family.

On Friday, the man, fearing for his life, agreed to retrieve his password. He told the attackers it was stored on a laptop in another room.

Then, as Woeltz turned his back, the victim seized the opportunity and fled. He ran toward a nearby traffic agent, who immediately called for help. Shortly after, officers from the Fifth Precinct arrived and took Woeltz into custody. The victim was taken to Bellevue Hospital and is reported to be in stable condition.

Police Find Torture Evidence in Manhattan Townhouse

A search of the townhouse uncovered disturbing evidence. Officers found Polaroid photos showing the man bound and assaulted. In addition, they recovered a firearm, cocaine, and various items including chicken wire, a saw, body armor, ammunition and night vision goggles. Meanwhile, two butlers working at the residence agreed to speak with the police.

Another person, Beatrice Folchi, was also arrested and charged with kidnapping and unlawful imprisonment. The Manhattan District Attorney’s Office, however, declined to prosecute her at this time, citing the need for further investigation.

Woeltz was arraigned on Saturday in Manhattan criminal court. He was charged with kidnapping, assault, unlawful imprisonment and criminal possession of a weapon. Additionally, the judge ordered him held without bail and required him to surrender his passport. Prosecutors also noted that he has access to a private jet and a helicopter, which raised concerns about his flight risk.

The incident reflects a growing wave of violent attacks targeting cryptocurrency holders and industry executives, whose digital wallets, often secured by a single password, present an attractive target.

Earlier this month, armed men in central Paris attempted to abduct the daughter of a prominent crypto executive and her two-year-old child in broad daylight. As the value of Bitcoin and other digital assets has soared in recent years, so too has the incentive for criminals to sidestep sophisticated cyber defenses and instead use physical force to gain access.

The post Manhattan Crypto Investor Charged in Violent Bitcoin Extortion Plot appeared first on Cryptonews.

HYPE Price Shoots 13% Amid Crypto Whale Trading FrenzyHyperliquid native token HYPE has surged 13% on May 26, hitting $39.9 as momentum turned sharply bullish. The surge followed after a whale closed $1 billion worth of Bitcoin short positions built with 40x leverage, following a $15.87 million loss in just 15 hours, per LookOnChain data. https://twitter.com/lookonchain/status/1926794028533551106?s=46 The token is currently trading at $38.59 at press time, marking an impressive 11% increase over the past 24 hours. Source: Coinmarketcap Attention Intensifies While Whales Place Billion-Dollar Positions on Hyperliquid Prominent crypto trader James Wynn, last week, closed a massive $1.25 billion notional long position on Bitcoin using 40x leverage on the onchain decentralized exchange (DEX) Hyperliquid. He then flipped bearish on Bitcoin, switching from long to short. On Sunday, Wynn opened a BTC short position of 1,038.7 BTC ($111.8 million) at $107,711.1, with a liquidation price of $149,100. With whales like Wynn placing billion-dollar positions on Hyperliquid, the attention around the protocol has intensified. Traders are betting that early regulatory engagement could further legitimize HYPE’s uptrend. One trader wrote on X that the “growth has reached the ceiling,” adding that there are strong competitors. “Although there are many giants and extraordinary people supporting Hype, I think that the best short-selling target with large capacity, good liquidity and clearest logic may be Hype.” https://twitter.com/0x0xfeng/status/1926695488838906307?s=46 Further, James Wynn withdrew 28M USDC from Hyperliquid, with a $25.2M profit. According to LookOnChain post on Monday, he made 38 trades on Hyperliquid in the past 75 days. Of these trades, 17 were profitable with a 45% win rate, the post read. Hyperliquid’s X Account Breached Meanwhile, Hyperliquid reported that its official X account was compromised on Saturday. “The Hyperliquid blockchain is unaffected. Do not interact with any links or tweets from that account,” the protocol posted on X. https://twitter.com/HyperliquidX/status/1926170012110159950 Per the latest update on Monday, Hyperliquid said that the team conducted a “thorough investigation” with assistance from X’s security. “There was no compromise of internal systems, email, or associated credentials,” the update read. “Hardware 2FA was untouched.” The community warned users of any project and not just Hyperliquid, to stay vigilant and verify the news shared on any social media accounts. “If an announcement looks suspicious, do not interact,” the team cautioned. The post HYPE Price Shoots 13% Amid Crypto Whale Trading Frenzy appeared first on Cryptonews.

HYPE Price Shoots 13% Amid Crypto Whale Trading Frenzy

Hyperliquid native token HYPE has surged 13% on May 26, hitting $39.9 as momentum turned sharply bullish.

The surge followed after a whale closed $1 billion worth of Bitcoin short positions built with 40x leverage, following a $15.87 million loss in just 15 hours, per LookOnChain data.

https://twitter.com/lookonchain/status/1926794028533551106?s=46

The token is currently trading at $38.59 at press time, marking an impressive 11% increase over the past 24 hours.

Source: Coinmarketcap

Attention Intensifies While Whales Place Billion-Dollar Positions on Hyperliquid

Prominent crypto trader James Wynn, last week, closed a massive $1.25 billion notional long position on Bitcoin using 40x leverage on the onchain decentralized exchange (DEX) Hyperliquid.

He then flipped bearish on Bitcoin, switching from long to short. On Sunday, Wynn opened a BTC short position of 1,038.7 BTC ($111.8 million) at $107,711.1, with a liquidation price of $149,100.

With whales like Wynn placing billion-dollar positions on Hyperliquid, the attention around the protocol has intensified. Traders are betting that early regulatory engagement could further legitimize HYPE’s uptrend.

One trader wrote on X that the “growth has reached the ceiling,” adding that there are strong competitors.

“Although there are many giants and extraordinary people supporting Hype, I think that the best short-selling target with large capacity, good liquidity and clearest logic may be Hype.”

https://twitter.com/0x0xfeng/status/1926695488838906307?s=46

Further, James Wynn withdrew 28M USDC from Hyperliquid, with a $25.2M profit. According to LookOnChain post on Monday, he made 38 trades on Hyperliquid in the past 75 days. Of these trades, 17 were profitable with a 45% win rate, the post read.

Hyperliquid’s X Account Breached

Meanwhile, Hyperliquid reported that its official X account was compromised on Saturday.

“The Hyperliquid blockchain is unaffected. Do not interact with any links or tweets from that account,” the protocol posted on X.

https://twitter.com/HyperliquidX/status/1926170012110159950

Per the latest update on Monday, Hyperliquid said that the team conducted a “thorough investigation” with assistance from X’s security.

“There was no compromise of internal systems, email, or associated credentials,” the update read. “Hardware 2FA was untouched.”

The community warned users of any project and not just Hyperliquid, to stay vigilant and verify the news shared on any social media accounts. “If an announcement looks suspicious, do not interact,” the team cautioned.

The post HYPE Price Shoots 13% Amid Crypto Whale Trading Frenzy appeared first on Cryptonews.

USDC

Bitcoin Tops $109K as Trump Extends EU Tariff DeadlineBitcoin rose above $109,600 on Monday, rising 1.4% after US President Donald Trump unexpectedly extended a deadline to impose steep tariffs on EU goods, easing market concerns and supporting risk assets. The surge followed Trump’s decision late Sunday to push back the potential introduction of 50% tariffs on EU imports to July 9. Just two days earlier, the president had threatened to enact the tariffs by June 1 due to slow progress in trade negotiations with the EU. Trump Tariff Delay Signals Possible Thaw in US-EU Trade Tensions The delay followed a productive call with European Commission President Ursula von der Leyen, who sought additional time to secure a favorable agreement. This de-escalation reduced fears of an imminent trade war, which had previously weighed on global markets. Last month, Trump announced an initial 20% tariff on EU goods, but soon revised it to 10% with a grace period until early July. The shifting timeline reflects the administration’s unpredictable trade strategy, which has continued to rattle global markets. However, investors welcomed the latest reprieve, viewing it as a sign of possible resolution and improved dialogue between Washington and Brussels. Market sentiment had already begun to stabilize after a volatile stretch in April, when growth fears and aggressive trade posturing prompted a broad sell-off across asset classes. Analysts say the pause in tariff escalation has helped lift appetite for risk, leading traders to rotate into Bitcoin and other cryptocurrencies. Bitcoin Hit ATH Above $111K on ETF Momentum and Risk-On Sentiment The move in Bitcoin is also tied to broader structural demand. Last week, the asset briefly touched a record high of $111,814, buoyed by continued inflows from exchange-traded funds and corporate investors. Spot Bitcoin ETFs saw net weekly inflows of $2.75b between May 19 and May 23, according to data provider SoSoValue. Ethereum ETFs posted $248m in inflows during the same period, with no outflows across the board. Over the past 18 months, Bitcoin has outpaced the S&P 500 by more than 100 percentage points, cementing its role as a high-beta asset that draws capital during risk-on cycles. Investors have increasingly followed the lead of corporate buyers like MicroStrategy’s Michael Saylor, who helped normalize large-scale Bitcoin accumulation among institutions. Monday’s rally serves as a reminder of how sensitive Bitcoin remains to macroeconomic developments, particularly shifts in US trade policy. While the de-escalation offered immediate relief, market participants remain cautious, mindful of how quickly sentiment can reverse in response to the next political move. The post Bitcoin Tops $109K as Trump Extends EU Tariff Deadline appeared first on Cryptonews.

Bitcoin Tops $109K as Trump Extends EU Tariff Deadline

Bitcoin rose above $109,600 on Monday, rising 1.4% after US President Donald Trump unexpectedly extended a deadline to impose steep tariffs on EU goods, easing market concerns and supporting risk assets.

The surge followed Trump’s decision late Sunday to push back the potential introduction of 50% tariffs on EU imports to July 9.

Just two days earlier, the president had threatened to enact the tariffs by June 1 due to slow progress in trade negotiations with the EU.

Trump Tariff Delay Signals Possible Thaw in US-EU Trade Tensions

The delay followed a productive call with European Commission President Ursula von der Leyen, who sought additional time to secure a favorable agreement. This de-escalation reduced fears of an imminent trade war, which had previously weighed on global markets.

Last month, Trump announced an initial 20% tariff on EU goods, but soon revised it to 10% with a grace period until early July. The shifting timeline reflects the administration’s unpredictable trade strategy, which has continued to rattle global markets.

However, investors welcomed the latest reprieve, viewing it as a sign of possible resolution and improved dialogue between Washington and Brussels.

Market sentiment had already begun to stabilize after a volatile stretch in April, when growth fears and aggressive trade posturing prompted a broad sell-off across asset classes. Analysts say the pause in tariff escalation has helped lift appetite for risk, leading traders to rotate into Bitcoin and other cryptocurrencies.

Bitcoin Hit ATH Above $111K on ETF Momentum and Risk-On Sentiment

The move in Bitcoin is also tied to broader structural demand. Last week, the asset briefly touched a record high of $111,814, buoyed by continued inflows from exchange-traded funds and corporate investors.

Spot Bitcoin ETFs saw net weekly inflows of $2.75b between May 19 and May 23, according to data provider SoSoValue. Ethereum ETFs posted $248m in inflows during the same period, with no outflows across the board.

Over the past 18 months, Bitcoin has outpaced the S&P 500 by more than 100 percentage points, cementing its role as a high-beta asset that draws capital during risk-on cycles. Investors have increasingly followed the lead of corporate buyers like MicroStrategy’s Michael Saylor, who helped normalize large-scale Bitcoin accumulation among institutions.

Monday’s rally serves as a reminder of how sensitive Bitcoin remains to macroeconomic developments, particularly shifts in US trade policy. While the de-escalation offered immediate relief, market participants remain cautious, mindful of how quickly sentiment can reverse in response to the next political move.

The post Bitcoin Tops $109K as Trump Extends EU Tariff Deadline appeared first on Cryptonews.

South Korea’s Biggest Party Urges ‘Expedited KRW Stablecoin Rollout’Lawmakers close to Lee Jae-myung, the frontrunner in the South Korean presidential elections, have called for Seoul to steal a march on Washington by fast-tracking the rollout of a KRW stablecoin. The South Korean media outlet Edaily quoted Min Byoung-dug, a lawmaker for the Democratic Party and the chairman of the party’s Digital Asset Committee, as stating that stablecoins could soon become an industry on an equal footing with AI or semiconductors. Min said: “South Korean is an internet powerhouse. We need to take the lead in institutionalizing stablecoins before US dollar-based stablecoins become firmly established. That is the only way we can secure a sure position in the global battle for stablecoin hegemony.” The Democratic Party lawmaker Min Byoung-dug. (Source: EDaily Issue Maker/YouTube/Screenshot) KRW Stablecoin Rollout: The Time Is Now Min added that he thought the potential for stablecoin adoption in the payments space was “limitless.” He explained: “We should not just sit back and watch it grow into a powerful new future industry on the scale of AI or semiconductors.” Min is a close Lee ally and an open advocate of crypto regulation reform. He has also previously called for tax parity between South Korean stock traders and crypto investors. Lee has repeatedly promised to launch a state-backed KRW stablecoin in response to the rapid rise of USD-pegged coins like USDT and USD Coin (USDC). The frontrunner, who leads his closest rival Kim Moon-soo (People Power Party) in the polls by almost 10%, has called for Seoul to “enter the stablecoin market quickly.” 이재명 46.6% 김문수 37.6% 이준석 10.4%…엇갈린 서울·PK 민심https://t.co/ULLVbHi5CQ — JTBC 뉴스 (@JTBC_news) May 24, 2025 Latest poll has Lee on 46.6%, Kim on 37.6%, and Reform Party leader Lee Jun-seok on 10.4%. Lee has warned that delaying the launch of such a coin could lead to further capital flight from the country. Min echoed Lee’s calls, telling EDaily that Seoul “must expedite the institutionalization of stablecoins.” He explained that South Korea “should not fall behind as the use of stablecoins rapidly increases, particularly in the United States.” USDT, USDC Dominance Min noted the fact that USDT and USDC “account for 90% of the stablecoin market in the United States.” He also claimed that USD-pegged coins “are already being used in some parts of Korea, such as Dongdaemun Market, where many foreign payments are made.” Source: Dune Min’s comments about Dongdaegmun Market, Seoul’s biggest clothing and textiles market, may be seen as contentious. Posters on popular South Korean crypto forums last year claimed that “mass USDT adoption” was underway at Dongdaemun, with Chinese buyers particularly keen on the coin. However, Dongaemun traders have told both Cryptonews.com and South Korean media outlets that cash, not crypto, is still king at the market. Regardless, Min said that rapid adoption at home and overseas means Seoul risks being left out in the cold. He said that if USDT and USDC continue to gain popularity worldwide, the space a won-based stablecoin could fill “will inevitably diminish.” DPK's Lee Jae-myung urges 'judgment of insurrection forces,' pledges policies to boost stock markethttps://t.co/NdPe030YSR — The Korea Times (@koreatimescokr) May 25, 2025 Could Lawmakers Act Before June 3 Elections? Min claimed that a won-based stablecoin could gain global attention and drive up global demand for won-related assets, such as the government bonds underpinning a KRW stablecoin. The lawmaker said that fans of South Korean webtoons (web-based comics) could be among the first overseas users. Readers may use a won-based stablecoin to buy webtoons, Min said. Min added that he is already pushing for the National Assembly to approve stablecoin legislation. The DP has a large majority in the house going into the elections. And with the nation essentially rudderless following the impeachment earlier this year of former President Yoon Suk-yeol, the party may yet decide to push ahead with such a bill before the June 3 elections. Min has already unveiled a private member’s bill named the Basic Act on Digital Assets, prepared with the aid of industry experts. The lawmaker said of the draft law: “I plan to submit the bill to the National Assembly after another review.” The post South Korea’s Biggest Party Urges ‘Expedited KRW Stablecoin Rollout’ appeared first on Cryptonews.

South Korea’s Biggest Party Urges ‘Expedited KRW Stablecoin Rollout’

Lawmakers close to Lee Jae-myung, the frontrunner in the South Korean presidential elections, have called for Seoul to steal a march on Washington by fast-tracking the rollout of a KRW stablecoin.

The South Korean media outlet Edaily quoted Min Byoung-dug, a lawmaker for the Democratic Party and the chairman of the party’s Digital Asset Committee, as stating that stablecoins could soon become an industry on an equal footing with AI or semiconductors. Min said:

“South Korean is an internet powerhouse. We need to take the lead in institutionalizing stablecoins before US dollar-based stablecoins become firmly established. That is the only way we can secure a sure position in the global battle for stablecoin hegemony.”

The Democratic Party lawmaker Min Byoung-dug. (Source: EDaily Issue Maker/YouTube/Screenshot)

KRW Stablecoin Rollout: The Time Is Now

Min added that he thought the potential for stablecoin adoption in the payments space was “limitless.” He explained:

“We should not just sit back and watch it grow into a powerful new future industry on the scale of AI or semiconductors.”

Min is a close Lee ally and an open advocate of crypto regulation reform. He has also previously called for tax parity between South Korean stock traders and crypto investors.

Lee has repeatedly promised to launch a state-backed KRW stablecoin in response to the rapid rise of USD-pegged coins like USDT and USD Coin (USDC).

The frontrunner, who leads his closest rival Kim Moon-soo (People Power Party) in the polls by almost 10%, has called for Seoul to “enter the stablecoin market quickly.”

이재명 46.6% 김문수 37.6% 이준석 10.4%…엇갈린 서울·PK 민심https://t.co/ULLVbHi5CQ

— JTBC 뉴스 (@JTBC_news) May 24, 2025

Latest poll has Lee on 46.6%, Kim on 37.6%, and Reform Party leader Lee Jun-seok on 10.4%.

Lee has warned that delaying the launch of such a coin could lead to further capital flight from the country.

Min echoed Lee’s calls, telling EDaily that Seoul “must expedite the institutionalization of stablecoins.”

He explained that South Korea “should not fall behind as the use of stablecoins rapidly increases, particularly in the United States.”

USDT, USDC Dominance

Min noted the fact that USDT and USDC “account for 90% of the stablecoin market in the United States.”

He also claimed that USD-pegged coins “are already being used in some parts of Korea, such as Dongdaemun Market, where many foreign payments are made.”

Source: Dune

Min’s comments about Dongdaegmun Market, Seoul’s biggest clothing and textiles market, may be seen as contentious.

Posters on popular South Korean crypto forums last year claimed that “mass USDT adoption” was underway at Dongdaemun, with Chinese buyers particularly keen on the coin.

However, Dongaemun traders have told both Cryptonews.com and South Korean media outlets that cash, not crypto, is still king at the market.

Regardless, Min said that rapid adoption at home and overseas means Seoul risks being left out in the cold.

He said that if USDT and USDC continue to gain popularity worldwide, the space a won-based stablecoin could fill “will inevitably diminish.”

DPK's Lee Jae-myung urges 'judgment of insurrection forces,' pledges policies to boost stock markethttps://t.co/NdPe030YSR

— The Korea Times (@koreatimescokr) May 25, 2025

Could Lawmakers Act Before June 3 Elections?

Min claimed that a won-based stablecoin could gain global attention and drive up global demand for won-related assets, such as the government bonds underpinning a KRW stablecoin.

The lawmaker said that fans of South Korean webtoons (web-based comics) could be among the first overseas users. Readers may use a won-based stablecoin to buy webtoons, Min said.

Min added that he is already pushing for the National Assembly to approve stablecoin legislation.

The DP has a large majority in the house going into the elections. And with the nation essentially rudderless following the impeachment earlier this year of former President Yoon Suk-yeol, the party may yet decide to push ahead with such a bill before the June 3 elections.

Min has already unveiled a private member’s bill named the Basic Act on Digital Assets, prepared with the aid of industry experts.

The lawmaker said of the draft law: “I plan to submit the bill to the National Assembly after another review.”

The post South Korea’s Biggest Party Urges ‘Expedited KRW Stablecoin Rollout’ appeared first on Cryptonews.

USDC

Judge Overturns Key Convictions in $110M Mango Markets Crypto CaseKey Takeaways: A federal judge overturned Avraham Eisenberg’s fraud and manipulation convictions in the $110M Mango Markets case. The court accepted Eisenberg’s defense that he used flawed but legal smart contract mechanics rather than committing fraud. Despite the ruling, Eisenberg remains in prison on child pornography charges. A US federal judge has thrown out major convictions against Avraham Eisenberg, the man accused of exploiting decentralized exchange Mango Markets for $110 million. On Friday, Judge Arun Subramanian vacated Eisenberg’s convictions for commodities fraud and market manipulation, stating that prosecutors failed to prove he made materially false representations. The court also acquitted Eisenberg of a third charge, leaving the government’s case significantly weakened. Eisenberg Used Token Pump to Drain $110M from Mango Eisenberg had been found guilty in April 2024 after a jury concluded he manipulated Mango’s MNGO token price by over 1,300% within minutes. He then used the inflated value as collateral to drain the protocol of $110 million in crypto. While the Department of Justice framed the act as a calculated deception of a smart contract system, Eisenberg’s defense insisted he simply took advantage of flawed but open code — without lying or misleading the protocol. Judge Subramanian sided with this view, noting that the platform was “permissionless and automatic,” making it difficult to establish a legal basis for fraud. “There was insufficient evidence of falsity,” he wrote. Everything we've been told about "Code is Law" defense not standing a chance in court has been a lie. Mango Markets / Avi Eisenberg charges just been dropped by a federal charge. The same logic used to dismiss the case can be used for pretty much any permissionless DeFi… pic.twitter.com/yWIUnmAUxX — Trust (@trust__90) May 24, 2025 The ruling also rejected New York as the proper venue for the trial. Eisenberg was based in Puerto Rico during the trades, and the judge dismissed the DOJ’s attempts to tie the case to the state through a Mango user in Poughkeepsie and a third-party service provider in Manhattan. The vacated charges now leave the Justice Department to decide whether to pursue the case again. However, recent signals from the Trump administration suggest a cooling stance on crypto-related enforcement. Eisenberg Remains in Prison for Child Pornography Possession Despite the court win, Eisenberg remains in federal custody. Earlier this month, he was sentenced to nearly four years in prison on an unrelated charge of child pornography possession, based on evidence found during his 2022 arrest in Puerto Rico. Eisenberg still faces separate civil cases brought by the SEC and CFTC. On October 11, 2022, Mango Markets was the victim of an attack in which approximately $110 million was drained from its treasury. Shortly after the attack, Avraham Eisenberg came forward as the perpetrator, asserting that the exploit was merely a “highly profitable trading strategy” and claiming it was conducted within the bounds of legality and the protocol’s intended design. According to prosecutors, Eisenberg utilized two accounts to engage in manipulative trading involving futures contracts tied to the values of Mango’s token MNGO and the stablecoin USD Coin. Last month, US federal prosecutors asked for a prison sentence of up to 6.5 years for Eisenberg. In their filing, prosecutors emphasized the severity of Eisenberg’s actions, stating that his scheme not only defrauded investors of over $100 million but also forced Mango Markets to shut down. The post Judge Overturns Key Convictions in $110M Mango Markets Crypto Case appeared first on Cryptonews.

Judge Overturns Key Convictions in $110M Mango Markets Crypto Case

Key Takeaways:

A federal judge overturned Avraham Eisenberg’s fraud and manipulation convictions in the $110M Mango Markets case.

The court accepted Eisenberg’s defense that he used flawed but legal smart contract mechanics rather than committing fraud.

Despite the ruling, Eisenberg remains in prison on child pornography charges.

A US federal judge has thrown out major convictions against Avraham Eisenberg, the man accused of exploiting decentralized exchange Mango Markets for $110 million.

On Friday, Judge Arun Subramanian vacated Eisenberg’s convictions for commodities fraud and market manipulation, stating that prosecutors failed to prove he made materially false representations.

The court also acquitted Eisenberg of a third charge, leaving the government’s case significantly weakened.

Eisenberg Used Token Pump to Drain $110M from Mango

Eisenberg had been found guilty in April 2024 after a jury concluded he manipulated Mango’s MNGO token price by over 1,300% within minutes.

He then used the inflated value as collateral to drain the protocol of $110 million in crypto.

While the Department of Justice framed the act as a calculated deception of a smart contract system, Eisenberg’s defense insisted he simply took advantage of flawed but open code — without lying or misleading the protocol.

Judge Subramanian sided with this view, noting that the platform was “permissionless and automatic,” making it difficult to establish a legal basis for fraud. “There was insufficient evidence of falsity,” he wrote.

Everything we've been told about "Code is Law" defense not standing a chance in court has been a lie. Mango Markets / Avi Eisenberg charges just been dropped by a federal charge.

The same logic used to dismiss the case can be used for pretty much any permissionless DeFi… pic.twitter.com/yWIUnmAUxX

— Trust (@trust__90) May 24, 2025

The ruling also rejected New York as the proper venue for the trial.

Eisenberg was based in Puerto Rico during the trades, and the judge dismissed the DOJ’s attempts to tie the case to the state through a Mango user in Poughkeepsie and a third-party service provider in Manhattan.

The vacated charges now leave the Justice Department to decide whether to pursue the case again.

However, recent signals from the Trump administration suggest a cooling stance on crypto-related enforcement.

Eisenberg Remains in Prison for Child Pornography Possession

Despite the court win, Eisenberg remains in federal custody. Earlier this month, he was sentenced to nearly four years in prison on an unrelated charge of child pornography possession, based on evidence found during his 2022 arrest in Puerto Rico.

Eisenberg still faces separate civil cases brought by the SEC and CFTC.

On October 11, 2022, Mango Markets was the victim of an attack in which approximately $110 million was drained from its treasury.

Shortly after the attack, Avraham Eisenberg came forward as the perpetrator, asserting that the exploit was merely a “highly profitable trading strategy” and claiming it was conducted within the bounds of legality and the protocol’s intended design.

According to prosecutors, Eisenberg utilized two accounts to engage in manipulative trading involving futures contracts tied to the values of Mango’s token MNGO and the stablecoin USD Coin.

Last month, US federal prosecutors asked for a prison sentence of up to 6.5 years for Eisenberg.

In their filing, prosecutors emphasized the severity of Eisenberg’s actions, stating that his scheme not only defrauded investors of over $100 million but also forced Mango Markets to shut down.

The post Judge Overturns Key Convictions in $110M Mango Markets Crypto Case appeared first on Cryptonews.

USDC

French Court Blocks Pavel Durov’s Travel to Oslo Freedom ForumKey Takeaways: A French court denied Pavel Durov permission to attend the Oslo Freedom Forum. Durov remains under legal restrictions in France after being indicted on six charges tied to Telegram’s misuse. He accused French intelligence of pressuring him to censor political content Telegram co-founder Pavel Durov will not appear in person at the Oslo Freedom Forum after a French court denied his request to travel to Norway, despite his scheduled role as a keynote speaker. The Human Rights Foundation (HRF), which organizes the annual event focused on civil liberties and dissent, confirmed that Durov will deliver his speech remotely. “It is unfortunate that French courts would block Mr. Durov from participating in an event where his voice is so needed,” said HRF founder Thor Halvorssen. France Blocks Durov’s US Trip Amid Legal Dispute Last week, Durov was also barred from traveling to the United States for investment-related meetings after French authorities ruled the trip was not essential. Durov, who was indicted on six charges in September 2024 following his arrest at a French airport, remains under strict legal supervision and cannot leave France without prior approval. Although Durov was previously granted permission to travel to Dubai earlier this year, the Paris prosecutor’s office denied his recent requests, citing a lack of justification. Durov holds multiple citizenships, including France and the UAE, but remains tied to France due to ongoing legal proceedings. A French court has denied Telegram founder Pavel @durov's request to travel to Norway in order to speak at the 2025 #OsloFreedomForum. pic.twitter.com/cU5LJBpg90 — Human Rights Foundation (HRF) (@HRF) May 24, 2025 Tensions have escalated as Durov publicly accused French officials of pressuring him to censor conservative content on Telegram during Romania’s presidential election. On May 18, he alleged that Nicolas Lerner, head of France’s domestic intelligence agency, personally requested that he suppress conservative political voices on Telegram ahead of Romania’s presidential elections. Durov claims the meeting took place at the Hôtel de Crillon in Paris and that he refused to comply. “You can’t ‘defend democracy’ by destroying democracy,” Durov wrote in a post, adding that Telegram would rather leave entire markets than participate in political censorship. He emphasized that the platform has never blocked protesters in countries like Russia, Belarus, or Iran and will not begin doing so in Europe. While Durov will miss the forum in person, his remote keynote is expected to address the growing pressure tech companies face from governments, especially in election cycles. Telegram Removes $35B Crime Networks Telegram has taken down thousands of channels linked to Chinese-language cybercrime hubs Xinbi Guarantee and Huione Guarantee, following an investigation by blockchain analytics firm Elliptic. These groups have been tied to over $35 billion in illicit USDT transactions, offering services ranging from money laundering and fake IDs to stolen data and cyber extortion. Huione, allegedly linked to Cambodia’s ruling elite, has facilitated $27 billion in criminal activity, while Xinbi has processed $8.4 billion since 2022. These marketplaces used Telegram’s encrypted infrastructure to operate openly, selling tools for fraud and laundering crypto from scams such as “pig butchering” and even hacks like the WazirX breach tied to North Korean actors. The platforms have also been connected to human trafficking compounds in Southeast Asia, where victims are coerced into romance scams and financial fraud. These compounds, disguised as job offers, exploit vulnerable individuals and force them into operating cybercrime schemes under duress. Telegram’s role in enabling this ecosystem has come under scrutiny. While the app was designed for privacy, its structure has increasingly been leveraged by organized crime. The post French Court Blocks Pavel Durov’s Travel to Oslo Freedom Forum appeared first on Cryptonews.

French Court Blocks Pavel Durov’s Travel to Oslo Freedom Forum

Key Takeaways:

A French court denied Pavel Durov permission to attend the Oslo Freedom Forum.

Durov remains under legal restrictions in France after being indicted on six charges tied to Telegram’s misuse.

He accused French intelligence of pressuring him to censor political content

Telegram co-founder Pavel Durov will not appear in person at the Oslo Freedom Forum after a French court denied his request to travel to Norway, despite his scheduled role as a keynote speaker.

The Human Rights Foundation (HRF), which organizes the annual event focused on civil liberties and dissent, confirmed that Durov will deliver his speech remotely.

“It is unfortunate that French courts would block Mr. Durov from participating in an event where his voice is so needed,” said HRF founder Thor Halvorssen.

France Blocks Durov’s US Trip Amid Legal Dispute

Last week, Durov was also barred from traveling to the United States for investment-related meetings after French authorities ruled the trip was not essential.

Durov, who was indicted on six charges in September 2024 following his arrest at a French airport, remains under strict legal supervision and cannot leave France without prior approval.

Although Durov was previously granted permission to travel to Dubai earlier this year, the Paris prosecutor’s office denied his recent requests, citing a lack of justification.

Durov holds multiple citizenships, including France and the UAE, but remains tied to France due to ongoing legal proceedings.

A French court has denied Telegram founder Pavel @durov's request to travel to Norway in order to speak at the 2025 #OsloFreedomForum. pic.twitter.com/cU5LJBpg90

— Human Rights Foundation (HRF) (@HRF) May 24, 2025

Tensions have escalated as Durov publicly accused French officials of pressuring him to censor conservative content on Telegram during Romania’s presidential election.

On May 18, he alleged that Nicolas Lerner, head of France’s domestic intelligence agency, personally requested that he suppress conservative political voices on Telegram ahead of Romania’s presidential elections.

Durov claims the meeting took place at the Hôtel de Crillon in Paris and that he refused to comply.

“You can’t ‘defend democracy’ by destroying democracy,” Durov wrote in a post, adding that Telegram would rather leave entire markets than participate in political censorship.

He emphasized that the platform has never blocked protesters in countries like Russia, Belarus, or Iran and will not begin doing so in Europe.

While Durov will miss the forum in person, his remote keynote is expected to address the growing pressure tech companies face from governments, especially in election cycles.

Telegram Removes $35B Crime Networks

Telegram has taken down thousands of channels linked to Chinese-language cybercrime hubs Xinbi Guarantee and Huione Guarantee, following an investigation by blockchain analytics firm Elliptic.

These groups have been tied to over $35 billion in illicit USDT transactions, offering services ranging from money laundering and fake IDs to stolen data and cyber extortion.

Huione, allegedly linked to Cambodia’s ruling elite, has facilitated $27 billion in criminal activity, while Xinbi has processed $8.4 billion since 2022.

These marketplaces used Telegram’s encrypted infrastructure to operate openly, selling tools for fraud and laundering crypto from scams such as “pig butchering” and even hacks like the WazirX breach tied to North Korean actors.

The platforms have also been connected to human trafficking compounds in Southeast Asia, where victims are coerced into romance scams and financial fraud.

These compounds, disguised as job offers, exploit vulnerable individuals and force them into operating cybercrime schemes under duress.

Telegram’s role in enabling this ecosystem has come under scrutiny. While the app was designed for privacy, its structure has increasingly been leveraged by organized crime.

The post French Court Blocks Pavel Durov’s Travel to Oslo Freedom Forum appeared first on Cryptonews.

Bitcoin Price Prediction: BTC at $107,911 After Big Week — Will Lower Volume Drive Volatility to ...Bitcoin is holding at $107,911 down 1.10% in the last 24 hours with $46.17B in trading volume. As we head into the Memorial Day weekend all eyes are on whether reduced liquidity will lead to big moves to $115,000. Bitcoin ETF Inflows Signal Renewed Institutional Confidence Spot Bitcoin ETFs saw significant inflows between May 17 and May 23, totaling $2.75 billion, a 4.5× increase from the previous week, according to Farside Investors. BlackRock’s iShares Bitcoin Trust (IBIT) stood out, continuing its eight-day streak of inflows. Supporting this, Coinglass data reveals heightened spot exchange activity. On May 23, the BTC spot exchange net inflow heatmap shows Binance leading with $19.87 million in net inflows over a 1-hour window, while Bybit, OKX, Kraken, and Bitstamp saw smaller inflows. Bitcoin Spot Data Analysis – Source: Coinglass Spot exchange volume heatmaps confirm Binance’s dominance with $92.84 million, followed by Bybit’s $42.71 million. Bitcoin Spot Data Analysis – Source: Coinglass Key highlights: Spot ETF inflows: $2.75B between May 17–23; $5.39B total for May Spot exchange inflows: Binance $19.87M net inflow, Bitstamp $1.91M Exchange volume: Binance $92.84M, Bybit $42.71M, OKX $22.34M This data aligns with Bitcoin’s recent rally to $111,970 on May 22 and suggests renewed institutional and exchange-driven interest. The Crypto Fear & Greed Index cooled from 78 (“Extreme Greed”) to 66 (“Greed”), reflecting a slight pullback in sentiment. Bitcoin Technical Analysis: Key Levels for the Weekend On the 2 hour chart Bitcoin is testing supports as it’s below the 50 period EMA at $108,315. Price is pressing against the ascending trendline at $107,000 and the Fibonacci retracement levels from the $102,190 low to the $111,958 high have $107,074 as a key pivot. Supports: $107,074, $105,905, $104,289 Resistance: $108,315, $109,637 Indicators: Bearish MACD crossover, indecision candles, trendline pressure If BTC goes below $107,000 expect drops to $105,905 or $104,289. But if it goes above $108,315 it could regain bullish momentum and target $109,637 and above. Will Thin Liquidity Cause a Weekend Spike? With the long weekend ahead reduced liquidity will amplify price movements. If ETF inflows continue and technicals recover BTC might go to $115,000. But if indecision and low volume persists BTC could move big in either direction. BTC Bull Token Nears $7.33M Cap as 65% APY Staking Draws Interest With BTC/USD falling below $108,000, attention is shifting to altcoins like BTC Bull Token ($BTCBULL). So far, $6.33 million has been raised out of a $7.33 million cap. The presale is closing in on its limit, next presale price jump closes in fast. Bitcoin Rewards and Supply Reductions BTC Bull Token operates with a built-in system: the higher Bitcoin’s price, the more BTC airdrops are distributed to token holders. Notably, presale participants receive priority. The system also features: Token burns every $50K BTC increase, reducing supply. Current token price at $0.00253 before the next bump. This approach aligns token value with Bitcoin’s price moves while maintaining scarcity through programmed burns. Staking Terms for Passive Returns BTCBULL’s staking pool holds 1.62 billion tokens offering 65% APY, with: No lockup periods or fees. Full access to funds at any time. This structure appeals to holders looking for yield without complex requirements or risk of illiquidity. Momentum Before the Cap Fills With just over $1 million remaining in the presale, buyers are positioning early. The token’s mechanics of Bitcoin-tied rewards, supply adjustments, and staking options are driving participation. Key figures: USDT raised: $6,329,314.26 / $7,332,195 Token price: $0.00253 BTCBULL offers a whopping ~65% APY on its Ethereum-based staking pool (currently holding 1.61B BTCBULL), with no lockups or withdrawal fees. That means passive yield — with full liquidity. The post Bitcoin Price Prediction: BTC at $107,911 After Big Week — Will Lower Volume Drive Volatility to $115K? appeared first on Cryptonews.

Bitcoin Price Prediction: BTC at $107,911 After Big Week — Will Lower Volume Drive Volatility to ...

Bitcoin is holding at $107,911 down 1.10% in the last 24 hours with $46.17B in trading volume. As we head into the Memorial Day weekend all eyes are on whether reduced liquidity will lead to big moves to $115,000.

Bitcoin ETF Inflows Signal Renewed Institutional Confidence

Spot Bitcoin ETFs saw significant inflows between May 17 and May 23, totaling $2.75 billion, a 4.5× increase from the previous week, according to Farside Investors. BlackRock’s iShares Bitcoin Trust (IBIT) stood out, continuing its eight-day streak of inflows.

Supporting this, Coinglass data reveals heightened spot exchange activity. On May 23, the BTC spot exchange net inflow heatmap shows Binance leading with $19.87 million in net inflows over a 1-hour window, while Bybit, OKX, Kraken, and Bitstamp saw smaller inflows.

Bitcoin Spot Data Analysis – Source: Coinglass

Spot exchange volume heatmaps confirm Binance’s dominance with $92.84 million, followed by Bybit’s $42.71 million.

Bitcoin Spot Data Analysis – Source: Coinglass

Key highlights:

Spot ETF inflows: $2.75B between May 17–23; $5.39B total for May

Spot exchange inflows: Binance $19.87M net inflow, Bitstamp $1.91M

Exchange volume: Binance $92.84M, Bybit $42.71M, OKX $22.34M

This data aligns with Bitcoin’s recent rally to $111,970 on May 22 and suggests renewed institutional and exchange-driven interest. The Crypto Fear & Greed Index cooled from 78 (“Extreme Greed”) to 66 (“Greed”), reflecting a slight pullback in sentiment.

Bitcoin Technical Analysis: Key Levels for the Weekend

On the 2 hour chart Bitcoin is testing supports as it’s below the 50 period EMA at $108,315. Price is pressing against the ascending trendline at $107,000 and the Fibonacci retracement levels from the $102,190 low to the $111,958 high have $107,074 as a key pivot.

Supports: $107,074, $105,905, $104,289

Resistance: $108,315, $109,637

Indicators: Bearish MACD crossover, indecision candles, trendline pressure

If BTC goes below $107,000 expect drops to $105,905 or $104,289. But if it goes above $108,315 it could regain bullish momentum and target $109,637 and above.

Will Thin Liquidity Cause a Weekend Spike?

With the long weekend ahead reduced liquidity will amplify price movements. If ETF inflows continue and technicals recover BTC might go to $115,000. But if indecision and low volume persists BTC could move big in either direction.

BTC Bull Token Nears $7.33M Cap as 65% APY Staking Draws Interest

With BTC/USD falling below $108,000, attention is shifting to altcoins like BTC Bull Token ($BTCBULL). So far, $6.33 million has been raised out of a $7.33 million cap. The presale is closing in on its limit, next presale price jump closes in fast.

Bitcoin Rewards and Supply Reductions

BTC Bull Token operates with a built-in system: the higher Bitcoin’s price, the more BTC airdrops are distributed to token holders. Notably, presale participants receive priority. The system also features:

Token burns every $50K BTC increase, reducing supply.

Current token price at $0.00253 before the next bump.

This approach aligns token value with Bitcoin’s price moves while maintaining scarcity through programmed burns.

Staking Terms for Passive Returns

BTCBULL’s staking pool holds 1.62 billion tokens offering 65% APY, with:

No lockup periods or fees.

Full access to funds at any time.

This structure appeals to holders looking for yield without complex requirements or risk of illiquidity.

Momentum Before the Cap Fills

With just over $1 million remaining in the presale, buyers are positioning early. The token’s mechanics of Bitcoin-tied rewards, supply adjustments, and staking options are driving participation.

Key figures:

USDT raised: $6,329,314.26 / $7,332,195

Token price: $0.00253

BTCBULL offers a whopping ~65% APY on its Ethereum-based staking pool (currently holding 1.61B BTCBULL), with no lockups or withdrawal fees. That means passive yield — with full liquidity.

The post Bitcoin Price Prediction: BTC at $107,911 After Big Week — Will Lower Volume Drive Volatility to $115K? appeared first on Cryptonews.

Ethereum Price Prediction: ETH Enters Memorial Day With Thin Liquidity — Will Holiday Swings Push...Ethereum is at $2,477.12, down 3.12% over the last 24 hours with $12.9B in trading volume. As Memorial Day approaches this Monday, thin liquidity in the crypto market is raising questions about potential price moves. Could a post-holiday dip push ETH down toward $2,300, or will it find support to hold current levels? ETF Flows Show Renewed Optimism; Ethereum Supported? May 23 was a big day for crypto ETFs. Bitcoin ETFs saw $211M in inflows, Ethereum ETFs $58.63M. 22,000 ETH were bought, so institutional investors are still paying attention. Bitcoin ETFs: $211.74M in inflows, 1,900 BTC added. Ethereum ETFs: $58.63M invested, 22,000 ETH added. https://twitter.com/PushpendraTech/status/1926294065248657446 These flows show ETH is back in favor. The renewed interest is likely due to recent regulatory clarity, improving macro and network upgrades. Ethereum Technical Analysis: Caution on Key Levels On the 2-hour chart, ETH has broken the trendline and is stuck below the 50-period EMA at $2,555 which is now resistance. Given the bearish breakout of an upward trendline at around $2,500 area, the Ethereum price prediction remains bearish. Candlestick patterns at $2,523 are showing hesitation and the widening MACD histogram is bearish momentum. Key levels to watch: Support: $2,378, $2,272, $2,172. Resistance: $2,555, $2,626. Indicators: Bearish MACD, EMA acting as resistance, trendline break is bearish. For traders, patience is key. A confirmed break below $2,378 could mean more downside until $2,300. Above $2,555 and we could see a rally back to $2,800. Will Memorial Day Liquidity Cause a Ethereum Price Squeeze? With volume likely to be thin over the long weekend, ETH could see bigger moves. If ETF flows continue and sentiment stays positive, we could see a break above resistance. But if the market is hesitant, we may see ETH test lower support early next week. BTC Bull Token Nears $7.33M Cap as 65% APY Staking Draws Interest With ETH/USD falling below $2,500, attention is shifting to altcoins like BTC Bull Token ($BTCBULL). So far, $6.33 million has been raised out of a $7.33 million cap. The presale is closing in on its limit, next presale price jump closes in fast. Bitcoin Rewards and Supply Reductions BTC Bull Token operates with a built-in system: the higher Bitcoin’s price, the more BTC airdrops are distributed to token holders. Notably, presale participants receive priority. The system also features: Token burns every $50K BTC increase, reducing supply. Current token price at $0.00253 before the next bump. This approach aligns token value with Bitcoin’s price moves while maintaining scarcity through programmed burns. Staking Terms for Passive Returns BTCBULL’s staking pool holds 1.62 billion tokens offering 65% APY, with: No lockup periods or fees. Full access to funds at any time. This structure appeals to holders looking for yield without complex requirements or risk of illiquidity. Momentum Before the Cap Fills With just over $1 million remaining in the presale, buyers are positioning early. The token’s mechanics of Bitcoin-tied rewards, supply adjustments, and staking options are driving participation. Key figures: USDT raised: $6,329,314.26 / $7,332,195 Token price: $0.00253 BTCBULL offers a whopping ~65% APY on its Ethereum-based staking pool (currently holding 1.61B BTCBULL), with no lockups or withdrawal fees. That means passive yield — with full liquidity. The post Ethereum Price Prediction: ETH Enters Memorial Day With Thin Liquidity — Will Holiday Swings Push Price to $2,300? appeared first on Cryptonews.

Ethereum Price Prediction: ETH Enters Memorial Day With Thin Liquidity — Will Holiday Swings Push...

Ethereum is at $2,477.12, down 3.12% over the last 24 hours with $12.9B in trading volume. As Memorial Day approaches this Monday, thin liquidity in the crypto market is raising questions about potential price moves.

Could a post-holiday dip push ETH down toward $2,300, or will it find support to hold current levels?

ETF Flows Show Renewed Optimism; Ethereum Supported?

May 23 was a big day for crypto ETFs. Bitcoin ETFs saw $211M in inflows, Ethereum ETFs $58.63M. 22,000 ETH were bought, so institutional investors are still paying attention.

Bitcoin ETFs: $211.74M in inflows, 1,900 BTC added.

Ethereum ETFs: $58.63M invested, 22,000 ETH added.

https://twitter.com/PushpendraTech/status/1926294065248657446

These flows show ETH is back in favor. The renewed interest is likely due to recent regulatory clarity, improving macro and network upgrades.

Ethereum Technical Analysis: Caution on Key Levels

On the 2-hour chart, ETH has broken the trendline and is stuck below the 50-period EMA at $2,555 which is now resistance.

Given the bearish breakout of an upward trendline at around $2,500 area, the Ethereum price prediction remains bearish.

Candlestick patterns at $2,523 are showing hesitation and the widening MACD histogram is bearish momentum.

Key levels to watch:

Support: $2,378, $2,272, $2,172.

Resistance: $2,555, $2,626.

Indicators: Bearish MACD, EMA acting as resistance, trendline break is bearish.

For traders, patience is key. A confirmed break below $2,378 could mean more downside until $2,300. Above $2,555 and we could see a rally back to $2,800.

Will Memorial Day Liquidity Cause a Ethereum Price Squeeze?

With volume likely to be thin over the long weekend, ETH could see bigger moves. If ETF flows continue and sentiment stays positive, we could see a break above resistance.

But if the market is hesitant, we may see ETH test lower support early next week.

BTC Bull Token Nears $7.33M Cap as 65% APY Staking Draws Interest

With ETH/USD falling below $2,500, attention is shifting to altcoins like BTC Bull Token ($BTCBULL). So far, $6.33 million has been raised out of a $7.33 million cap. The presale is closing in on its limit, next presale price jump closes in fast.

Bitcoin Rewards and Supply Reductions

BTC Bull Token operates with a built-in system: the higher Bitcoin’s price, the more BTC airdrops are distributed to token holders. Notably, presale participants receive priority. The system also features:

Token burns every $50K BTC increase, reducing supply.

Current token price at $0.00253 before the next bump.

This approach aligns token value with Bitcoin’s price moves while maintaining scarcity through programmed burns.

Staking Terms for Passive Returns

BTCBULL’s staking pool holds 1.62 billion tokens offering 65% APY, with:

No lockup periods or fees.

Full access to funds at any time.

This structure appeals to holders looking for yield without complex requirements or risk of illiquidity.

Momentum Before the Cap Fills

With just over $1 million remaining in the presale, buyers are positioning early. The token’s mechanics of Bitcoin-tied rewards, supply adjustments, and staking options are driving participation.

Key figures:

USDT raised: $6,329,314.26 / $7,332,195

Token price: $0.00253

BTCBULL offers a whopping ~65% APY on its Ethereum-based staking pool (currently holding 1.61B BTCBULL), with no lockups or withdrawal fees. That means passive yield — with full liquidity.

The post Ethereum Price Prediction: ETH Enters Memorial Day With Thin Liquidity — Will Holiday Swings Push Price to $2,300? appeared first on Cryptonews.

XRP Price Prediction: XRP Holds $2.31 Before Memorial Day Volume Decline — Will Reduced Instituti...XRP is holding at $2.31 as Memorial Day (Monday, May 26) approaches, down 1.55% in the last 24 hours and $1.49 billion in trading volume. While this price stagnation is due to broader market uncertainty, the potential for a post-holiday bounce is growing especially with Ripple’s recent foray into real estate tokenization in the UAE. UAE’s Real Estate Tokenization Boosts XRPL; XRP Supported Ripple’s XRP Ledger (XRPL) has been chosen by the Dubai Land Department (DLD) as the blockchain for its real estate tokenization project. According to DLD’s senior executive Mahmoud AlBurai, over 3,000 investors have registered interest in the pilot, strong demand for tokenized property ownership. Currently, participation is limited to Emirates cardholders who are official UAE residents. Key points: Partnerships with Prypco Mint and Ctrl Alt to tokenize ownership deeds for government properties. Ripple’s $10M investment in tokenized US Treasury bills on XRPL via OpenEden. $5M stake in a tokenized money market fund by UK-based Abrdn last year. This real-world asset (RWA) initiative is the first of its kind in the MENA region and strengthens XRPL’s case for institutional adoption. Ripple’s payments service is already onboarding institutions, licensed by the Dubai Financial Services Authority (DFSA). XRP/USD Technical Analysis: Descending Triangle in Focus XRP price prediction seems bearish for now as on the 2-hour chart, Ripple is in a descending triangle, a pattern that often precedes breakouts. It’s hovering around horizontal support at $2.2856, with recent candlesticks (spinning tops and doji) indicating market indecision. XRP/USD Price Chart – Source: Tradingview 50-period EMA ($2.3600) and horizontal resistance at $2.3557 cap the upside. MACD histogram is flattening, bearish momentum is slowing. Targets: Break above $2.3600 could be $2.4098 and $2.4756. Failure to hold $2.2856 could be $2.2440 or $2.1970. New traders should wait for a confirmed breakout above trendline resistance and EMA to be reclaimed before going long, with stops below $2.2440. XRP Outlook: Will Lower Volume Spark a Rally? With volume thinning out during holidays like Memorial Day, institutional activity tends to slow down—sometimes creating a perfect storm for a squeeze. If XRP holds $2.31, a light market could be a quick bounce to $2.75. But with the SEC’s XRP stance still unclear and broader market uncertainty, be prepared for volatility. BTC Bull Token Nears $7.33M Cap as 65% APY Staking Draws Interest With XRP/USD steady at $2.31, attention is shifting to altcoins like BTC Bull Token ($BTCBULL). So far, $6.33 million has been raised out of a $7.33 million cap. The presale is closing in on its limit, next presale price jump closes in fast. Bitcoin Rewards and Supply Reductions BTC Bull Token operates with a built-in system: the higher Bitcoin’s price, the more BTC airdrops are distributed to token holders. Notably, presale participants receive priority. The system also features: Token burns every $50K BTC increase, reducing supply. Current token price at $0.00253 before the next bump. This approach aligns token value with Bitcoin’s price moves while maintaining scarcity through programmed burns. Staking Terms for Passive Returns BTCBULL’s staking pool holds 1.62 billion tokens offering 65% APY, with: No lockup periods or fees. Full access to funds at any time. This structure appeals to holders looking for yield without complex requirements or risk of illiquidity. Momentum Before the Cap Fills With just over $1 million remaining in the presale, buyers are positioning early. The token’s mechanics of Bitcoin-tied rewards, supply adjustments, and staking options are driving participation. Key figures: USDT raised: $6,329,314.26 / $7,332,195 Token price: $0.00253 BTCBULL offers a whopping ~65% APY on its Ethereum-based staking pool (currently holding 1.61B BTCBULL), with no lockups or withdrawal fees. That means passive yield — with full liquidity. The post XRP Price Prediction: XRP Holds $2.31 Before Memorial Day Volume Decline — Will Reduced Institutional Activity Spark Rally to $2.75? appeared first on Cryptonews.

XRP Price Prediction: XRP Holds $2.31 Before Memorial Day Volume Decline — Will Reduced Instituti...

XRP is holding at $2.31 as Memorial Day (Monday, May 26) approaches, down 1.55% in the last 24 hours and $1.49 billion in trading volume. While this price stagnation is due to broader market uncertainty, the potential for a post-holiday bounce is growing especially with Ripple’s recent foray into real estate tokenization in the UAE.

UAE’s Real Estate Tokenization Boosts XRPL; XRP Supported

Ripple’s XRP Ledger (XRPL) has been chosen by the Dubai Land Department (DLD) as the blockchain for its real estate tokenization project.

According to DLD’s senior executive Mahmoud AlBurai, over 3,000 investors have registered interest in the pilot, strong demand for tokenized property ownership.

Currently, participation is limited to Emirates cardholders who are official UAE residents.

Key points:

Partnerships with Prypco Mint and Ctrl Alt to tokenize ownership deeds for government properties.

Ripple’s $10M investment in tokenized US Treasury bills on XRPL via OpenEden.

$5M stake in a tokenized money market fund by UK-based Abrdn last year.

This real-world asset (RWA) initiative is the first of its kind in the MENA region and strengthens XRPL’s case for institutional adoption.

Ripple’s payments service is already onboarding institutions, licensed by the Dubai Financial Services Authority (DFSA).

XRP/USD Technical Analysis: Descending Triangle in Focus

XRP price prediction seems bearish for now as on the 2-hour chart, Ripple is in a descending triangle, a pattern that often precedes breakouts. It’s hovering around horizontal support at $2.2856, with recent candlesticks (spinning tops and doji) indicating market indecision.

XRP/USD Price Chart – Source: Tradingview

50-period EMA ($2.3600) and horizontal resistance at $2.3557 cap the upside.

MACD histogram is flattening, bearish momentum is slowing.

Targets: Break above $2.3600 could be $2.4098 and $2.4756.

Failure to hold $2.2856 could be $2.2440 or $2.1970. New traders should wait for a confirmed breakout above trendline resistance and EMA to be reclaimed before going long, with stops below $2.2440.

XRP Outlook: Will Lower Volume Spark a Rally?

With volume thinning out during holidays like Memorial Day, institutional activity tends to slow down—sometimes creating a perfect storm for a squeeze.

If XRP holds $2.31, a light market could be a quick bounce to $2.75. But with the SEC’s XRP stance still unclear and broader market uncertainty, be prepared for volatility.

BTC Bull Token Nears $7.33M Cap as 65% APY Staking Draws Interest

With XRP/USD steady at $2.31, attention is shifting to altcoins like BTC Bull Token ($BTCBULL). So far, $6.33 million has been raised out of a $7.33 million cap. The presale is closing in on its limit, next presale price jump closes in fast.

Bitcoin Rewards and Supply Reductions

BTC Bull Token operates with a built-in system: the higher Bitcoin’s price, the more BTC airdrops are distributed to token holders. Notably, presale participants receive priority. The system also features:

Token burns every $50K BTC increase, reducing supply.

Current token price at $0.00253 before the next bump.

This approach aligns token value with Bitcoin’s price moves while maintaining scarcity through programmed burns.

Staking Terms for Passive Returns

BTCBULL’s staking pool holds 1.62 billion tokens offering 65% APY, with:

No lockup periods or fees.

Full access to funds at any time.

This structure appeals to holders looking for yield without complex requirements or risk of illiquidity.

Momentum Before the Cap Fills

With just over $1 million remaining in the presale, buyers are positioning early. The token’s mechanics of Bitcoin-tied rewards, supply adjustments, and staking options are driving participation.

Key figures:

USDT raised: $6,329,314.26 / $7,332,195

Token price: $0.00253

BTCBULL offers a whopping ~65% APY on its Ethereum-based staking pool (currently holding 1.61B BTCBULL), with no lockups or withdrawal fees. That means passive yield — with full liquidity.

The post XRP Price Prediction: XRP Holds $2.31 Before Memorial Day Volume Decline — Will Reduced Institutional Activity Spark Rally to $2.75? appeared first on Cryptonews.

XRP

Scammers Send Fake Ledger Letters in Latest Crypto Phishing SchemeKey Takeaways: Scammers are mailing fake Ledger letters via USPS, urging crypto users to “validate” wallets to steal private keys. Physical phishing tactics mark a shift from online-only attacks, raising new concerns for crypto security. Fake Ledger Live apps are targeting macOS users with trojanized malware designed to steal recovery phrases. A new phishing scam is targeting crypto holders through traditional mail, with scammers impersonating hardware wallet maker Ledger and sending fake letters urging users to “validate” their wallets or risk losing access to funds. BitGo CEO Mike Belshe was among the first to flag the attack, sharing an image of the fraudulent letter, which included a QR code — likely linked to a phishing site designed to steal private keys. Crypto Scammers Turn to USPS in Shift to Physical Phishing Attacks The letters have reportedly been delivered via the United States Postal Service (USPS), signaling a shift in tactics from digital to physical social engineering. Troy Lindsey, another recipient of the letter, warned others on social media: “These are all scams. Do not fall for any of these.” I got the same one last week I took and had @grok analyze it. These are all scams do not fall for any of these!! pic.twitter.com/ZFNpQpujqA — Troy Lindsey (@TroyandOlga) May 24, 2025 The warning echoes growing concerns about phishing schemes that leverage physical credibility to trick crypto users into exposing sensitive data. The attack comes amid a rise in crypto-related phishing cases. In April, $330 million in Bitcoin was stolen from an elderly victim, a heist confirmed by blockchain investigator ZackXBT. He linked the crime to individuals operating from a scam call center in Camden, UK. Meanwhile, Coinbase disclosed earlier this month that it was the target of a ransom attempt after customer support contractors leaked user data. The attackers demanded $20 million, which the exchange refused to pay. While Coinbase stated that no private keys or account access were compromised, the leaked data included names and contact information. TechCrunch founder Michael Arrington criticized the exchange, warning that breaches of this kind could lead to real-world harm for exposed customers. Fake Ledger Live Apps Target macOS Users Last week, cybersecurity firm Moonlock warned that a wave of malware attacks targeting macOS users is exploiting trust in Ledger Live, a popular crypto wallet management app. Moonlock warned that malicious actors are using trojanized clones of Ledger Live to trick users into entering their recovery phrases through convincing pop-ups. “Within a year, they have learned to steal seed phrases and empty the wallets of their victims,” the team stated, noting a major evolution in the threat. One of the primary infection vectors is the Atomic macOS Stealer, a tool designed to exfiltrate sensitive data such as passwords, notes, and crypto wallet details. Moonlock discovered it embedded across at least 2,800 compromised websites. Once installed, the malware quietly replaces the genuine Ledger Live app with a fake one that triggers fake alerts to harvest seed phrases. The moment a user enters their 24-word recovery phrase into the phony app, the information is sent to servers controlled by the attacker. The post Scammers Send Fake Ledger Letters in Latest Crypto Phishing Scheme appeared first on Cryptonews.

Scammers Send Fake Ledger Letters in Latest Crypto Phishing Scheme

Key Takeaways:

Scammers are mailing fake Ledger letters via USPS, urging crypto users to “validate” wallets to steal private keys.

Physical phishing tactics mark a shift from online-only attacks, raising new concerns for crypto security.

Fake Ledger Live apps are targeting macOS users with trojanized malware designed to steal recovery phrases.

A new phishing scam is targeting crypto holders through traditional mail, with scammers impersonating hardware wallet maker Ledger and sending fake letters urging users to “validate” their wallets or risk losing access to funds.

BitGo CEO Mike Belshe was among the first to flag the attack, sharing an image of the fraudulent letter, which included a QR code — likely linked to a phishing site designed to steal private keys.

Crypto Scammers Turn to USPS in Shift to Physical Phishing Attacks

The letters have reportedly been delivered via the United States Postal Service (USPS), signaling a shift in tactics from digital to physical social engineering.

Troy Lindsey, another recipient of the letter, warned others on social media: “These are all scams. Do not fall for any of these.”

I got the same one last week I took and had @grok analyze it. These are all scams do not fall for any of these!! pic.twitter.com/ZFNpQpujqA

— Troy Lindsey (@TroyandOlga) May 24, 2025

The warning echoes growing concerns about phishing schemes that leverage physical credibility to trick crypto users into exposing sensitive data.

The attack comes amid a rise in crypto-related phishing cases. In April, $330 million in Bitcoin was stolen from an elderly victim, a heist confirmed by blockchain investigator ZackXBT.

He linked the crime to individuals operating from a scam call center in Camden, UK.

Meanwhile, Coinbase disclosed earlier this month that it was the target of a ransom attempt after customer support contractors leaked user data.

The attackers demanded $20 million, which the exchange refused to pay. While Coinbase stated that no private keys or account access were compromised, the leaked data included names and contact information.

TechCrunch founder Michael Arrington criticized the exchange, warning that breaches of this kind could lead to real-world harm for exposed customers.

Fake Ledger Live Apps Target macOS Users

Last week, cybersecurity firm Moonlock warned that a wave of malware attacks targeting macOS users is exploiting trust in Ledger Live, a popular crypto wallet management app.

Moonlock warned that malicious actors are using trojanized clones of Ledger Live to trick users into entering their recovery phrases through convincing pop-ups.

“Within a year, they have learned to steal seed phrases and empty the wallets of their victims,” the team stated, noting a major evolution in the threat.

One of the primary infection vectors is the Atomic macOS Stealer, a tool designed to exfiltrate sensitive data such as passwords, notes, and crypto wallet details.

Moonlock discovered it embedded across at least 2,800 compromised websites.

Once installed, the malware quietly replaces the genuine Ledger Live app with a fake one that triggers fake alerts to harvest seed phrases.

The moment a user enters their 24-word recovery phrase into the phony app, the information is sent to servers controlled by the attacker.

The post Scammers Send Fake Ledger Letters in Latest Crypto Phishing Scheme appeared first on Cryptonews.