📰 Crypto Update: Major News from May 4, 2025

📉 Bitcoin and Altcoins on the Decline

The cryptocurrency market is experiencing a significant correction. Bitcoin (BTC) has fallen by 5.1%, hovering above $99,000, while altcoins like Solana (SOL) and Ethereum (ETH) register declines of 12% and 7.5% respectively.

🇸🇻 El Salvador Increases its Bitcoin Reserves

Despite pressure from the IMF, El Salvador continues its bet on Bitcoin, acquiring an additional 8 BTC this week, raising its total holdings to 6,120.18 BTC, valued at approximately $507.8 million.

🛡️ Binance Square Launches "Trader Profile"

Binance Square introduces a new feature that allows traders to share their portfolios and returns, fostering transparency and trust within the community.

⚠️ Security Alert for Pudgy Penguins Users

The web3 security firm HashDit warns of a fake Telegram group that uses a malicious bot to compromise devices and cryptocurrency wallets. Caution is advised, and always verify official sources.

🔧 Ethereum Faces Challenges in its Testnet

The Ethereum Foundation has launched a new testnet amid technical challenges, including issues with the deposit contract setup and inactivity leaks on the Holesky network.

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