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📰 CRYPTO RECAP: MAY 16, 2025
What’s Hot This Week in the Crypto World
🚨 Coinbase Hacked Just Days Before S&P 500 Listing
A major data breach hits Coinbase. Hackers demand $20M. Coinbase says “No deal.” Now offering a $20M reward to track them down.
🔐 Estimated damage: Up to $400M.
📊 $BTC Bitcoin Holds Strong at $104K
• Bitcoin ETFs now hold over $90B in assets.
• BlackRock’s ETF hits $40B alone.
➡️ Big players are staying bullish.
🚀 $ETH Ethereum Climbs to $2,596
• Major upgrade boosts scalability.
• Institutions pull ETH off exchanges.
• DeFi TVL crosses $80B – a 2-year high.
⚖️ SEC Signals Regulatory Shift
• Under the Trump administration, enforcement slows.
• New rules coming soon – focused on innovation.
➡️ Expect clarity around token definitions & trading laws.
🌍 Global Pulse
🇮🇳 India: ₹2,000 crore crypto scam now under CBI investigation.
🇫🇷 France: Crypto kidnappings trigger global alerts.
🛡️ Security is more critical than ever.
🔎 What It Means for You
Crypto is maturing fast. With regulations evolving and major upgrades driving real-world adoption, the market is shifting.
📈 Institutions are here. Security is vital. And innovation is leading the charge.
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