š„ The Trump vs. Elon Musk Feud: A Billion-Dollar Drama Unfolds! š¤¼āāļø
The Trump-Musk feud is shaking things up! Former allies, Donald Trump and Elon Musk, are now at odds after a falling out over a massive tax and spending bill. Musk slammed it as a ādisgusting abominationā for ballooning the deficit, while Trump claimed Musk was upset over cut EV subsidies. Musk denied seeing the bill on X. š¤
Tensions escalated fast. Trump hinted their āgreat relationshipā was over, threatening to pull billions in contracts from SpaceX and Tesla. Musk fired back, claiming Trump wouldāve lost in 2024 without him and even mentioned unreleased āEpstein files,ā sparking a frenzy online. Trump denied it, but the drama exploded. š„
The fallout hit hard. Teslaās stock dropped 14%, wiping out $150B. Republicans like JD Vance backed Trump, while House Speaker Mike Johnson urged peace. Some Trump fans called Musk power-hungry; others demanded his deportation. Musk polled X about an āAmerica Party,ā with 80% support. š³ļø
Whatās next? This clash could sink Trumpās bill in the Senate or hurt the 2026 midterms if Musk pulls funding. Trumpās ignoring Muskās calls and might sell his Tesla, while Musk keeps shading Trumpās team. Will they reconcile, or is this the end of their alliance? šø
Whoās winning, Trump or Musk? Should they make up or keep fighting?
šØ Update on Cetus Protocol Hack on SUI Network šØ
Just a quick update on the recent vulnerability discovered on the Cetus Protocol on SUI Network. Here's what you need to know: š§µ
Vulnerability Discovered: An attacker exploited a vulnerability this morning. The team acted fast, identifying the issue and pausing their protocol to resolve it. š”ļø
Financial Impact: Initially, $220M was thought to be taken, but only $60M remains to be cleaned back. $160M was frozen by three validator participants. š°š
How It Works: Our decentralized network allows validators to vote on transactions. Two-thirds consensus is needed for a transaction to be final, which helped freeze the attacker's funds and protect user funds. šš
Ongoing Efforts: The team is working diligently to recover the stolen funds, with support from MISTEN and the SWE Foundation. Teamwork makes the dream work! š¤šŖ
Technical Details: The bug was in the business logic, not in the underlying base layer (SWEE, MOVE VM, or Move programming language). The core technology remains robust. š ļøš»
Current $SUI token stats: $3.67, down 2.9%. Market cap: $12.85B. 24H trading volume: $3.65B. šš
šØ MAJOR UPDATE: BlackRock Doubles Down on #bitcoin š
BlackRock, the worldās largest asset manager, just acquired $287,500,000 worth of $BTC This move further solidifies their position as a titan in the crypto space. š„
For context, BlackRock has been steadily increasing its crypto exposure. Earlier this year, their iShares Bitcoin Trust held 559,262 BTC, valued at approximately $58.51 billion (as of January 2025). With this latest purchase, their Bitcoin holdings are now estimated at around $58.8 billion.
Additionally, BlackRock has invested heavily in Bitcoin mining companies, pouring $384 million into firms like Marathon Digital Holdings, Riot Blockchain, Bitfarms, and Hut 8 Mining, which collectively control over 7% of the Bitcoin networkās hash rate. They also hold an indirect stake in over 6,600 Bitcoins through MicroStrategy, worth over $300 million as of late 2024.
Beyond Bitcoin, BlackRock has expanded into Ethereum with the iShares Ethereum Trust, though specific figures for their $ETH holdings remain less detailed.
CEO Larry Fink has been vocal about Bitcoinās potential, calling it a hedge against currency debasement and political instability, with a price target of $500Kā$700K per coin. Clearly, BlackRock is all in on crypto as a long-term play. š
What do you think about this move? Are we heading for a massive $BTC rally?
š Ethereum's Trillion Dollar Security Push: Safeguarding the Future of Blockchain š
šEthereum is doubling down on security to become the backbone of global finance. The Ethereum Foundation recently launched the Trillion Dollar Security (1TS) Initiative, a bold ecosystem-wide effort to fortify every layer of the network. Hereās whatās happening: š Trillion Dollar Security Initiative (May 2025) Announced on May 14, 2025, the 1TS Initiative aims to make Ethereum secure enough for billions of users to store $1,000+ on-chain and for institutions to trust single contracts with $1 trillion. Led by Fredrik Svantes (Protocol Security Lead) and Josh Stark (EF management), with experts like samczsun (SEAL), Mehdi Zerouali (Sigma Prime), and Zach Obront (Etherealize), the initiative focuses on:Mapping Vulnerabilities: A comprehensive audit of Ethereumās tech stack, from UX (e.g., blind signing risks) to wallet security (firmware, supply chain), smart contracts, infrastructure, and consensus protocols.Actionable Fixes: Prioritizing high-risk areas for immediate upgrades and funding long-term solutions.Transparency: Regular updates and community input via public reports to build trust. This follows Ethereumās decade-long security track record, now aiming to outshine legacy financial systems. š Pectra Upgrade (Early 2025) The Pectra upgrade, rolled out in early 2025, enhances wallet security and network efficiency. Key features include:Social Recovery: Allows users to regain wallet access without private keys, reducing loss risks.Verkle Trees: Optimizes data storage for faster, more secure transactions.Bundled Transactions: Lowers gas fees by combining operations, improving user experience. These upgrades make Ethereum safer for everyday users and developers. š Smart Contract Security Smart contracts, the heart of Ethereumās DeFi ecosystem, remain a focus. Recent studies highlight 13 common vulnerabilities (e.g., reentrancy, integer overflows). Countermeasures include:Formal Verification: Tools like Certora ensure code integrity pre-deployment.Security Analysis Tools: Nine tools, such as Mythril and Slither, help developers catch bugs early, though limitations in accuracy persist.Audits & Bug Bounties: Ethereumās bug bounty program offers up to $1M for critical finds, encouraging white-hat hacking. ā”ļø Proof-of-Stake (PoS) Enhancements Since The Merge in 2022, PoS has bolstered Ethereumās security by reducing energy use and decentralizing validators. The Dencun upgrade (2024) introduced proto-danksharding, easing congestion and enhancing security for Layer 2 solutions like Optimism. š Community & Ecosystem Support The Ethereum Foundationās Ecosystem Support Program funds security-focused projects, while community-driven Ethereum Improvement Proposals (EIPs) ensure upgrades align with user needs. Open collaboration invites developers, auditors, and users to contribute to the 1TS Initiative. šØ Challenges Ahead Despite progress, risks like 51% attacks, wallet hacks, and evolving threats (e.g., malicious Python packages targeting $ETH developers) persist. Staying proactive is key.Ethereumās security initiatives signal a future where blockchain rivals traditional finance in trust and scale. Join the conversation and help shape a safer on-chain world! šŖ
š ALTSEASON is officially here, and itās going to be wild!
š Bitcoin dominance just dropped drastically in the last 48 hours, showing a huge shift toward altcoins! š The altcoin market cap is soaring, breaking out with a target of $1.13 trillion, as seen in the chartsāa massive reversal is confirmed! š The crypto market is buzzing with excitement, with trading volumes spiking and the community going crazy over the altcoin surge! š
This is the moment weāve been waiting forātime to ride the altcoin wave and watch those gains stack up! šø
šØ The Fed just dropped $20B on 3-year Treasury notesāthe biggest move since 2021š°
No rate cuts yet, but this liquidity injection signals somethingās brewing. š§
With the FOMC meeting today, are we on the brink of a subtle policy shift? The markets are buzzing, and Iām watching closely! How do you think $BTC and the Altcoins will reacts today? Put your thoughts in the comments.š
A massive whale just went LONG on $BTC with a staggering $136.91M position at 40x leverage! š The entry price was $96,629.4, and the liquidation price is at $87,638.
Whatās does this whale know? Is a big #BTC pump coming, or is this a risky play? š¤ Share your thoughts! š
Fidelity just scooped up $6.43M worth of $ETH via Coinbase Prime! š The institutional wave is hereā3,497K ETH in the latest inflow alone. This isnāt just a buy, itās a signal. Are you ready for $ETH to soar? š
Chinaās Ministry of Commerce is assessing trade talks with the U.S., per Bloomberg! Meanwhile, China quietly exempts tariffs on $40B worth of U.S. goods.
š Crypto markets are buzzingābullish vibes for $BTC and Alts šš° Are we heading to the moon? š Will this ease the trade war tension š¤ Letās see!
š SUI Basecamp 2025 in Dubai is rocking the Web3 world! š Held at InterContinental Dubai Festival City (May 1-2), this global conference is uniting developers, enterprises, and enthusiasts.
Day 1 was fireš„ with major reveals, and Day 2 is live now with keynotes from Evan Cheng & Raoul Pal, workshops, and networking at Aura Sky Pool š
⨠Day 1 Highlights: ⢠š° $200M BTC TVL milestone for Sui ⢠š® Hands-on demo of SuiPlay0X1 gaming console ⢠š SUI ETF filing by 21Shares ⢠š¬ Hollywood integration via MoviePassās Mogul ⢠š Fireblocks boosts enterprise readiness ⢠š sBTC from Stacks coming to Sui