President Trump: On my way to the Crypto dinner party in Loudoun County, Virginia. The United States is DOMINATING in the field of Crypto, Bitcoin, etc... and we’re going to keep it that way!
The decentralized exchange Cetus on the Sui blockchain has suffered a major exploit, with estimated losses ranging from $220 million to $230 million. According to Sui’s CPO, @EmanAbio, around $150–160 million of the stolen assets have been frozen and will soon be returned to Cetus pools. The root cause has been initially identified as a vulnerability in a smart contract.
On-chain data from security firm Hacken shows that at least $63 million has been bridged to Ethereum, including a major transaction involving 20,000 ETH. Cetus’ trading volume unexpectedly surged to $2.9 billion on May 22, likely due to the hacker rapidly draining assets.
The Sui ecosystem has been hit hard, with many tokens plummeting over 75%—some, like AXOL, crashing nearly 99.5%. Lending protocol Scallop has temporarily halted all borrowing activities to manage risk. Cetus has paused its smart contracts and is currently working with relevant parties to investigate the incident.
FIFA is set to launch its own layer-1 blockchain called FIFA Blockchain, built using Avalanche technology, following the recent major Avalanche9000 upgrade.
This marks FIFA’s second foray into the blockchain space, after releasing an NFT collection on the Algorand platform during the 2022 World Cup.
Federal Reserve Governor Christopher Waller emphasized that he still believes tariffs will only cause a one-time price increase, adding, according to Reuters, that “the Fed’s standard playbook is to look through one-time price effects”:
Governor Christopher Waller:
– “Markets are closely watching fiscal policy and there are significant concerns.” – “Markets are expecting greater fiscal discipline.” – “The Fed will not purchase bonds in primary auctions.” – “Hard data shows the economy is performing fairly well, with no clear impact from tariffs yet.” – “If tariffs stay around 10%, the economy should be fine in the second half of the year.” – “If tariffs stabilize, the Fed could be in a position to cut rates later this year.” – “I’m much more optimistic now than I was a month ago regarding the tariff issue.” – “I’m hopeful the current administration is on the right path.” – “Businesses are pausing plans, but not canceling them.” – “We’re not seeing strong signs that tariffs will lead to persistent inflation.”
World has just sold $135 million worth of WLD tokens to venture firms a16z and Bain Capital Crypto to raise capital.
The funds will be used to expand the World Network infrastructure globally, with a focus on the U.S. market—specifically in cities like Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco.
The goal is to increase the number of “Orb” devices that scan irises to issue World IDs, enabling real human verification in the age of AI.
Dubai has just introduced a new set of regulations for the crypto industry, marking the first time it allows the issuance, listing, and trading of real-world asset (RWA) tokens.
RWAs are classified under the ARVA category, which includes tokens representing equities, bonds, real estate, and similar assets.
Companies looking to issue these tokens must hold a Category 1 license, have a minimum capital of AED 1.5 million (approximately USD 408,000) or 2% of the value of the underlying assets, and submit a whitepaper, risk disclosures, and monthly audit reports.
Exchanges and brokers licensed by VARA are permitted to list and trade ARVA tokens.
Fifteen years ago today, Laszlo Hanyecz paid 10,000 Bitcoin for two Papa John’s pizzas. Today, those 10,000 BTC are worth over $1.11 billion.
Many view this as an unfortunate moment, but it was actually the first real-world transaction that gave Bitcoin value — a historic milestone, the first block of trust, and the foundation for the ecosystem we have today.
Guatemala’s largest bank, Banco Industrial, has partnered with SukuPay to integrate blockchain-based money transfer functionality into its mobile banking app, Zigi. Now, Guatemalans can receive money from the U.S. instantly with a flat fee of just $0.99, without needing a crypto wallet or international bank code (IBAN).
Remittances play a crucial role in Guatemala’s economy, totaling up to $21 billion annually. However, many families currently lose between 6–10% in fees and face long waiting times. SukuPay CEO Yonathan Lapchik stated that crypto can solve this issue by lowering costs and increasing speed—especially when integrated into familiar banking apps.
Latin America is currently the second-fastest-growing crypto market in the world, with stablecoins being a major driving force. While Guatemala still lags behind countries like Brazil and Mexico, this partnership marks a significant step forward in applying blockchain technology to everyday finance.
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Bitcoin is likely to remain highly volatile due to inflation, Fed policy, and the U.S. election. Breaking above $70,000 could trigger a strong rally, while a drop below $60,000 may lead to a deeper correction. Macroeconomic factors will be key—close monitoring is essential.$BTC