Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Mango Markets, a decentralized exchange on Solana, is ceasing operations following a significant $117 million exploit and a settlement with the SEC. The attack in October 2022 by Avraham Eisenberg involved MNGO token price manipulation. Following the attack, governance decided to wind down operations by January 13, 2025. Additionally, Mango Markets was accused by the SEC of selling unregistered securities through the MNGO token, raising over $70 million in 2021. As part of the settlement, the platform agreed to pay a $700,000 fine, destroy remaining tokens, and delist MNGO from exchanges. Legal actions continue against Eisenberg, with potential imprisonment of up to 25 years. This development reflects broader regulatory pressures that could affect DeFi companies, with users required to close positions by the set deadline.

Recent developments in the cryptocurrency market highlight a mix of resilience and growth across different sectors. Bitcoin (BTC) has shown signs of recovery after a recent downturn, signaling a potential resurgence in investor confidence. In parallel, Tornado Cash, a privacy-focused cryptocurrency mixer, experienced a significant price increase after successfully avoiding potential sanctions, which alleviated concerns within the crypto community. This situation has also led to a surge in other privacy coins like Railgun and Zcash, reflecting increased interest in privacy assets post-regulatory announcements. Additionally, VIRTUAL, a player in digital real estate and virtual reality assets, hit a notable milestone with a $900 million valuation. These occurrences underscore the market’s adaptability and growth potential, as privacy-focused platforms maintain stability and emerging sectors continue to exhibit strength.

Tether Holdings Ltd., known for the USDT stablecoin, has suggested to the Turkish government the implementation of blockchain technology to revolutionize its boron mineral industry. Turkey, with over 70% of the global boron reserves, stands to benefit from tokenizing these assets, potentially enhancing market efficiency, liquidity, and transparency. If accepted, Tether may establish a digital asset exchange in Istanbul. The move aligns with Turkey’s growing inclination towards digital assets due to high inflation and currency devaluation, making it an appealing market for such innovations. Discussions, which include high-level Turkish officials, are still ongoing without final confirmations. Tether’s CEO, Paolo Ardoino, has emphasized their dedication to bolstering innovation within Turkey’s economy.

In 2024, the crypto venture capital landscape has shown signs of recovery, with top VCs focusing on decentralized finance (DeFi) and decentralized physical infrastructure networks (DePIN). By Q3, $2.2 billion was raised across 24 funds, indicating a rebound beyond 2023 levels. This recovery is supported by nearly restored market confidence, increasing institutional adoption, and emerging sectors like DeFi and DePIN. Key projects like Theta, BitTorrent (BTT), and World Mobile Token (WMT) highlight the growing interest in peer-to-peer streaming, enhanced torrenting systems, and blockchain-driven connectivity solutions. As these sectors grow, mid-sized funds are gaining traction while larger megafunds face deployment challenges. The crypto VC space is poised for growth, supported by innovative projects and strategic VC interests, even as investors proceed cautiously amid valuations and longer fundraising cycles.

The FTX Token (FTT), once considered useless after the FTX exchange collapse in 2022, has surged significantly by over 50% amid speculation of a $16 billion repayment plan for FTX creditors. This has spurred traders to speculate on FTT’s potential value increase, despite its lack of functional utility. Although analysts express skepticism, labeling it a possible ’scam pump,’ the market remains captivated by the potential windfall. Meanwhile, Crypto All-Stars is set to debut MemeVault, a unified staking protocol designed to offer utility for various memecoins. These events illustrate the persistent volatility and speculative fervor in the cryptocurrency market, driven by narratives rather than inherent value.

Sui investors, who have benefited from Sui’s strong performance and advanced blockchain technology, are now looking to diversify by investing in Mpeppe, a promising casino-focused ICO on the Ethereum blockchain. Priced at $0.0021, Mpeppe appeals due to its high-return potential, with analysts predicting gains of up to 150x, and its use of smart contracts for transparency and fairness in gambling. This diversification allows Sui investors to balance their portfolios with high-risk, high-reward assets. The strong community support for both Sui and Mpeppe encourages further investment in projects that offer technological innovation and real-world applications in the decentralized finance sector. The shift toward Mpeppe highlights the market’s increasing recognition of the decentralized gambling space as a lucrative opportunity.

Jump Crypto, the cryptocurrency division of Jump Trading, has unstaked 17,049 ETH worth $46.44 million and transferred it to exchange accounts, sparking fears of a potential sell-off. In the past, Jump Crypto’s large-scale sales of ETH have led to significant price drops. Lookonchain revealed that Jump Crypto still has $68.58 million worth of ETH staked in Lido. Analysts and market participants are divided on the firm’s intentions—whether these transfers are meant for providing liquidity or signify market manipulation. Arkham Intelligence reported that Jump Crypto sent 137.33 ETH to Binance and significant amounts in USDC to Bybit, Coinbase, and Gate.io. This heightened activity, coupled with their historical behavior, has made investors wary of further ETH price declines.

BlockDAG (BDAG) is rapidly establishing itself as a leading cryptocurrency project for 2025, driven by an impressive $291 million presale, a successful CertiK audit during its fundraising phase, and major partnerships with global sports franchises like Inter Milan and rumored NBA teams. With over 22.1 billion coins sold and the coin price rising to $0.0262 (discounted at $0.0018 until June 13), BlockDAG has delivered a 2,520% ROI since its launch, strengthening investor confidence and visibility. This reflects a broader industry shift toward security-first investments, global alliances, and real-world utility in crypto assets. Joining BlockDAG are notable emerging projects like BTC Bull, Bitcoin Hyper, and Snorter Bot. BTC Bull leverages Bitcoin’s brand, offering DeFi tools for BTC liquidity, low-fee conversions, and passive staking. Bitcoin Hyper gamifies Bitcoin rewards to drive engagement through interactive missions and backer incentives. Snorter Bot introduces accessible AI-driven trading automation, utilizing data analytics, sentiment, and market signals, offering perks to early users. Collectively, these projects are marked by clear utility, significant achievements in fundraising and technology, and a focus on tangible partnerships rather than speculative hype. For crypto traders, this signals a market trend towards projects with measurable progress, regulatory audits, and real-world collaborations. The increase in presale investments, integration of DeFi solutions, user engagement features, and AI-driven technologies positions these projects as prime opportunities for portfolio growth in 2025. Traders are advised to prioritize projects with robust security, established utility, and strategic partnerships as the crypto space matures.

Bitcoin’s price action is increasingly sensitive to traditional finance events, as seen after a weak U.S. 20-year Treasury bond auction triggered a price drop, then a partial recovery. As long-term U.S. Treasury yields climbed and Moody’s downgraded U.S. sovereign debt, concerns over America’s fiscal stability grew, weighing on risk assets including both equities and cryptocurrencies. However, analysts suggest that Bitcoin could increasingly outperform traditional investments such as stocks and bonds during periods of macroeconomic uncertainty, as it is seen as an alternative store of value. Renewed investor concerns were fueled by the Congressional Budget Office projecting a $2.4 trillion increase in the U.S. deficit, driving demand for safe-haven assets. While gold saw mixed performance, Bitcoin rebounded 1.7% to around $108,000, with some major altcoins like Solana also showing gains. During U.S.-China trade talks in London, easing geopolitical tensions supported a cautious improvement in crypto market sentiment. Experts like James Butterfill from CoinShares assert that a weakening U.S. dollar and uncertainty in fiscal policy could further benefit Bitcoin and gold. Crypto traders are urged to vigilantly monitor U.S. bond auctions, shifting fiscal policy, and major global trade developments, as these factors could heighten crypto market volatility but also create opportunities for assets like Bitcoin that are increasingly viewed as hedges against macro risk.

On June 9, 2025, on-chain trackers reported significant activity involving stablecoin USDT. First, Whale Alert detected a major transfer of 475 million USDT from Tether Treasury to Binance, often seen as a precursor to increased trading activity or potential market volatility. Subsequently, Tether minted 1 billion USDT on the Tron blockchain, coinciding with Bitcoin (BTC) breaking through the $106,000 resistance level and reaching $107,827.88—a 2.08% rise in 24 hours. Historically, large USDT issuance and inflows to exchanges have enhanced market liquidity and sometimes foreshadowed strong movements in Bitcoin prices, suggesting traders may be preparing for higher volumes or risk-taking. Despite the massive minting, Tether’s market cap dominance held steady at $156.82 billion, indicating a possible rotation of capital from stablecoins like USDT into risk assets such as Bitcoin and Ethereum (ETH). Additionally, Tether moved 10,500 BTC to a new wallet to pre-fund SoftBank’s investment in Bitcoin-focused fund Twenty One Capital (XXI), underscoring ongoing institutional involvement. Further transfers linked to XXI hint at confidence from large players. Meanwhile, Solaxy, a Solana-based Layer-2 project, garnered over $45 million in its presale, highlighting growing interest in altcoin opportunities and yield generation. For crypto traders, these events serve as a key indicator that substantial liquidity may flow into BTC and other risk assets, potentially driving further bullish action. Ongoing monitoring of USDT onchain movements remains critical for anticipating market direction.

TRON’s native token TRX has witnessed a pronounced increase in user activity and spot trading volume, with daily active addresses rising 64% to 4.6 million and transactions surging to 11 million. This surge is mirrored by a 14% increase in 24-hour spot trading volume, reaching $507 million, accompanied by net spot accumulation of $1.27 million, pointing to robust demand from retail and spot traders. Meanwhile, DeFi metrics on the TRON network tell a different story: total value locked (TVL) in DeFi protocols has stagnated at $4.89 billion, and decentralized exchange (DEX) trading volume plummeted 62% over five days. There is little sign of whale accumulation or increased derivatives market activity, as open interest and trading volume remain flat. This divergence highlights a bullish short-term outlook driven by retail participation and network usage, while sustained caution prevails among DeFi traders, potentially due to risk aversion or profit-taking. Traders should closely monitor shifts in DeFi activity to gauge the sustainability of this rally. Overall, the spot market for TRX is experiencing renewed strength, but the muted DeFi activity urges caution regarding long-term momentum.

Major US tech companies, including Apple, Google, X (formerly Twitter), and Airbnb, are actively exploring stablecoin integration through partnerships with crypto firms to lower transaction costs and enhance cross-border payments. This industry-wide move reflects increasing regulatory clarity and investor interest, following similar initiatives by Meta and Uber. Google has already completed stablecoin transactions, while Airbnb is in talks with Worldpay to bypass traditional payment fees. Elon Musk’s X is engaging crypto providers to add stablecoin support to its X Money app, continuing its push into blockchain and Web3 services. Discussions center around using established stablecoin issuers like Tether (USDT) or Circle (USDC), as US regulators debate the GENIUS Act to create an oversight framework. Circle, the USDC issuer, recently went public with a significant market response, further highlighting rising institutional adoption. Stripe’s $1.1 billion acquisition of Bridge signals deepening fintech-crypto convergence. For crypto traders, these developments point to growing mainstream utility and potential price impact in the stablecoin sector, with increased transaction volume, regulatory focus, and partnership activity set to influence related tokens and on-chain metrics.

Japan’s Senate has approved major amendments to the Payment Services Act, signaling a progressive shift in the country’s crypto regulation. The updated law creates a legal framework for ’crypto intermediary businesses,’ lowering regulatory barriers for brokerage firms aiming to enter Japan’s crypto market. These changes loosen strict requirements currently placed on crypto exchanges and wallet operators, encouraging broader market participation and innovation, particularly from gaming and web3 companies. Set to take effect by June 2026, the amendments also enhance customer protection: the government now has authority to require crypto exchanges to hold a portion of user assets within Japan, aiming to prevent emergencies similar to the FTX collapse in 2022, where user funds became inaccessible overseas. In cases of bankruptcy, new provisions enable the government to enforce customer refunds through trust banks, blocking the offshore transfer of user funds. This reform demonstrates Japan’s commitment to fostering a dynamic, innovative, and safer crypto market, providing traders with a more stable and protected environment.

Unstaked, a new cryptocurrency project, has rapidly raised $9.2 million during its presale, setting a benchmark for crypto presale fundraising and highlighting strong investor interest. This buying momentum comes as PI Coin is experiencing declining momentum, leading to concerns about its future prospects within the crypto sector. Meanwhile, Dogecoin (DOGE) is capturing trader attention with a surge in trading activity and an upward price trend. The differing performance of these projects illustrates changing sentiment in the crypto market, with Unstaked attracting significant new capital, PI Coin encountering headwinds, and Dogecoin reaffirming the lasting appeal and volatility potential of meme coins. For crypto traders, Unstaked’s prominent presale, PI Coin’s challenges, and Dogecoin’s rally offer key indicators of emerging market trends and evolving investor behaviors.

Global cryptocurrency adoption is accelerating, especially in Asia and the Middle East. Japan has revised its Payment Services Act, making it easier for crypto businesses to register and operate, signaling increasing institutional and retail adoption in a major market. Dubai has seen real-world blockchain integration surge, with over $18 billion in tokenized real estate sales in May, highlighting growing blockchain use in asset ownership. Amid this positive sentiment, several emerging altcoins have attracted trader attention during ongoing presales. Solaxy ($SOLX) launches as Solana’s first Layer-2 scaling solution, bridging Solana and Ethereum while offering fast, low-fee transactions and high staking rewards. Snorter ($SNORT) provides a Telegram-based trading bot with automation and high APY incentives. SUBBD Token ($SUBBD) targets the creator economy by enabling direct monetization via AI-powered tools. Qubetics ($TICS) is a Layer-1 blockchain for tokenizing real-world assets and linking key blockchains with regulatory compliance. BTC Bull ($BTCBULL) leverages Bitcoin price milestones for airdrops and staking rewards. These projects are poised to benefit from supportive regulatory trends and increased adoption of blockchain for real-world assets, reflecting a diversified opportunity landscape for crypto traders. Traders should track these projects as regulatory reforms and integration in major markets like Japan and Dubai drive new investor demand and real-world use cases.

Roger Ver, a Bitcoin pioneer and early investor in major crypto platforms such as BitPay, Kraken, Blockchain.com, and Ripple, faces extradition from Spain to the US following allegations of concealing over 131,000 BTC after renouncing his US citizenship in 2014—a move that authorities say led to nearly $50 million in unpaid exit taxes, alongside claims of mail fraud and filing false returns. Ripple’s Chief Technology Officer David Schwartz weighed in, arguing that Ver’s prosecution is not just a matter of financial crime but reflects a broader, ongoing ideological divide between regulators and advocates of financial freedom within the crypto industry. Schwartz suggested that regulatory action against influential figures like Ver may constitute a form of persecution driven by libertarian stances, further deepening tensions between authorities and the crypto community. The situation highlights the persistent regulatory uncertainty faced by leading industry participants and underscores the need for clear legal frameworks, carrying implications for trader confidence, industry innovation, and the overall regulatory policy climate in the blockchain sector.

Bitcoin (BTC) and Ethereum (ETH) are showing signs of a potential bullish reversal after holding above their 4-hour 200-period moving averages (MA) and exponential moving averages (EMA), following sharp declines in late May. Technical indicators such as the Relative Strength Index (RSI) and moving average alignments are highlighting strengthening bullish momentum. Bitcoin has maintained key support at the $100,000 and $103,600 levels, with resistance at $106,600 and $109,300, and a breakout above these points could signal renewed bullish sentiment for the summer. If these supports are breached, a deeper correction may follow. Ethereum demonstrates similar consolidation, trading between $2,500 and $2,750, and is approaching a potential ’golden cross’, with the 50-day EMA rising and the 200-day EMA offering support. Key resistance lies at $2,750, with increased volatility possible if ETH drops below $2,400. Traders should monitor both major coins’ interaction with critical moving averages and support/resistance zones, as the outcome could determine medium-term market direction. Overall, cautious optimism prevails amid elevated market volatility, with price resilience and technical signals suggesting the possibility of upward or corrective moves depending on market sentiment.

Binance, the world’s largest crypto exchange, is undergoing significant leadership change amid tightening global regulatory scrutiny. Tigran Gambaryan, Binance’s Vice President of Global Intelligence and Investigations and a key architect of its anti-money laundering (AML) and financial crime compliance frameworks, has resigned. Gambaryan, who joined in 2021 from the U.S. IRS, helped build Binance’s compliance team and responded to tens of thousands of law enforcement requests, enhancing standards across regions. His departure adds to a wave of executive exits—including former CEO Changpeng Zhao—raising new questions about Binance’s stability and ability to maintain robust regulatory compliance. The company must now swiftly appoint a qualified successor to uphold its compliance momentum, as the loss of experienced professionals could impact operational licenses, reputation, and market activity. This situation highlights growing demands by global regulators for enhanced compliance and transparency in crypto exchanges. In the short term, traders may see increased volatility or market concern around Binance due to uncertainty over its regulatory strategy. Long term, the exchange’s ability to rebuild its compliance team and adapt to evolving regulatory frameworks will remain closely watched by both market players and government authorities.

Recent Bitcoin price analysis reveals a blend of caution and optimistic signals for traders. Initially, analyst Tony Severino advised caution as Bitcoin surged above $94,000, recommending traders wait for a full monthly close above the upper Bollinger Band at $108,000 before taking new long positions. This was due to historical patterns where failure at this level signaled major downturns, as seen in previous bear markets. Additionally, bearish Heikin Ashi candlestick and Fisher Transform signals flagged short-term downside risks, emphasizing capital preservation. In a later update, Severino shifted focus to a bullish ’bull flag’ chart pattern forming on Bitcoin’s daily chart, which could indicate a potential rally toward $150,000 if confirmed by a breakout above the current consolidation phase. The narrowing of Bitcoin’s Bollinger Bands suggests low volatility but also points to a possible imminent move. Key support and resistance levels to watch are a daily close above $111,000 for a bullish confirmation or below $101,000 for bearish signals. As of the latest report, Bitcoin trades above $105,000, up 2% over 24 hours. This evolving technical landscape offers traders both upside potential and caution amid mixed signals, making close monitoring of technical levels and patterns crucial for trading decisions.

Major US financial institutions are accelerating their entry into the cryptocurrency market, driven by clearer regulations from the US Securities and Exchange Commission (SEC), rising client demand, and competitive pressure from fintech firms. Initial hesitancy due to volatility and regulatory uncertainty is giving way to active pilot programs, strategic partnerships, and the development of crypto custody, limited trading, and tokenization services. The anticipated public listing of Circle, issuer of USD Coin (USDC), highlights the growing maturity of stablecoin infrastructure and attracts further institutional interest. JPMorgan’s transition from its proprietary JPM Coin network to a broader blockchain-based approach signals deeper adoption of decentralized finance (DeFi) among traditional banks. These developments are increasing trading volumes, attracting more institutional inflows, and supporting mainstream acceptance of cryptocurrencies. For crypto traders, greater institutional engagement typically brings higher liquidity and reduced volatility for core assets like Bitcoin (BTC). Overall, the sector is witnessing a long-term bullish trend, with the next major catalyst likely to emerge as leading banks expand their services following clearer regulatory guidance.

The cryptocurrency market is experiencing heightened volatility following a public dispute between Elon Musk and Donald Trump, which has led to a decline in key altcoins such as Ethereum (ETH) and Solana (SOL). Ethereum recently rebounded by 45% but now faces strong resistance at $2,820, with several bearish signals including negative Awesome Oscillator readings, a bearish MACD crossover, and Supertrend resistance. Significant exchange inflows—over 93,000 ETH valued at approximately $230 million—suggest notable profit-taking or impending selloffs. If ETH breaks its $2,280 support, a drop below $2,000 is possible, increasing downside risk. Solana experienced an intraday flash crash of 8.1%, plummeting from $154.48 to $141.75 before bouncing back to about $147.40. This volatility was accompanied by high trading volume, with buyers supporting the $142 level, but resistance around $150–$152 remains strong. Additionally, the launch of the Solana-based Layer 2 project SOLX has attracted attention, raising over $44 million and offering high staking returns. Over 3.48 billion SOLX tokens have been locked, which may help stabilize its price. Overall, crypto sentiment remains negative in the short term due to increased uncertainty and social media tensions. Traders are advised to monitor critical support and resistance levels on ETH and SOL as market direction remains unclear, while specific projects like SOLX attract speculative interest despite broader market weakness.

Multiple divisions within the U.S. military and several U.S. states are actively considering the adoption of Bitcoin and other digital assets as strategic reserve assets. Motivated by concerns over fiscal security, inflation, and currency devaluation, policymakers and defense strategists cite Bitcoin’s finite supply, decentralization, and the transparency of blockchain technology as key benefits for diversification and sovereign risk management. States are also examining the potential integration of stablecoins to enhance liquidity and real-time auditing capabilities. This trend aligns with growing institutional interest in cryptocurrencies globally and signals a shift toward mainstream consideration of digital assets within government and defense. For crypto traders, this sustained and expanding interest from both institutional and governmental bodies may bolster market confidence and act as a catalyst for future price appreciation, particularly for Bitcoin, while raising new discussions regarding regulation, technological infrastructure, and the impact on traditional financial systems.

The US Securities and Exchange Commission (SEC) has postponed its decision on the approval of a spot SUI ETF, reflecting ongoing regulatory uncertainty for novel crypto investment products. This delay has introduced short-term volatility for SUI, as investor confidence weakens and the potential for major institutional inflows is deferred. At the same time, optimism for a Ripple (XRP) ETF is increasing, driven by market speculation and potential regulatory clarity in the United States. As expectations for a XRP ETF rise, XRP may see stronger institutional demand and price stability, signaling a shift in market sentiment toward Ripple. Analysts advise traders to follow official SEC announcements closely, as further ETF-related developments could significantly impact the trading behavior and valuation of SUI and XRP. Overall, while regulatory caution remains, the evolving ETF landscape is poised to influence the broader crypto market, with SUI facing uncertainty and XRP potentially benefiting from increased institutional attention.

Polygon’s ecosystem token, POL, has continued to show weakness, trading in a tight range between $0.20 support and $0.26 resistance after falling below key moving averages. Previous attempts to break out above $0.26 have failed, leading to consolidation above $0.20. Recent technical analysis highlights persistent bearish sentiment, with price bars sitting below major moving averages and the market showing indecision through the presence of doji candlesticks. Analysts warn that a breakdown below the $0.20 support could trigger further downside to $0.17 or $0.16. On the other hand, continued consolidation above this level may lead to short-term range-bound trading. As of the latest report, POL is priced at $0.214, and traders are advised to closely monitor the critical $0.20 support zone. The overall trend remains bearish unless support levels hold, with possible increased volatility if this zone is breached. Resistance and support levels from previous analysis at higher values ($0.27, $0.30) have shifted lower, reflecting the token’s deteriorating technical outlook.

Bitcoin (BTC) is experiencing significant short-term risk due to ongoing uncertainty around US tariff policies, particularly as former President Trump’s tariff stance drives market volatility. Analysts including Pav Hundal from Swyftx and experts from Bitfinex emphasize that the ’tariff ultimatum cycle’ could impact risk assets like Bitcoin over the next two months. US policymakers are waiting for definitive economic data to assess the effects of tariffs, delaying potential monetary easing and increasing the chances of an economic slowdown. Recent developments, such as the US International Trade Court blocking some of Trump’s tariff moves and the administration doubling tariffs on foreign steel and aluminum, contribute to market unpredictability. If tariff-related uncertainty persists, Bitcoin may drop below $100,000. However, if clarity is achieved and macroeconomic data improve, analysts see upside potential, with Bitcoin possibly reaching $115,000-$120,000 by June or July. Additionally, weaker-than-expected US job data and continued institutional investment could support a rally. The outlook for Bitcoin is closely tied to US economic indicators, inflation targets, and the resolution of ongoing trade tensions.

Ripple has directly denied rumors about acquiring Circle, the issuer of the USDC stablecoin, amidst growing media speculation. Initial reports alleged Ripple attempted a $4-5 billion buyout of Circle, later escalating to an unverified $20 billion offer. Ripple CEO Brad Garlinghouse refuted these claims, emphasizing that no proposals or negotiations took place. Further confusion arose when Ripple’s CTO David Schwartz jokingly referenced a $6 billion offer on social media, but he has since clarified that his statement was not serious. These rumors briefly fueled a price surge in XRP but were followed by corrections after official denials. Meanwhile, Circle is moving ahead with an initial public offering (IPO) that is reportedly oversubscribed more than 25 times, as the firm seeks a $7.2 billion valuation, highlighting strong market appetite for regulated stablecoin projects. The episode underscores heightened trader interest in stablecoin issuers, susceptibility to market volatility from acquisition rumors, and the rapid spread of misinformation via social media. With both Ripple and Circle publicly denying any imminent merger, no acquisition actions are expected in the short term.

A major decentralized exchange (DEX) on the SUI blockchain was hacked, resulting in $223 million in losses for users. The attacker bridged $60 million to Ethereum, leading to a sharp drop in memecoin and USDC prices. In an unprecedented move, SUI validators froze the stolen assets via protocol consensus—protecting some funds but also raising questions about the network’s decentralization. A governance vote is ongoing, with 90% supporting the redistribution of frozen funds to victims, highlighting how social consensus and governance can play critical roles in blockchain security and recovery. The incident has prompted emergency measures, smart contract pauses, and collaboration with blockchain security experts to trace the remaining assets. This breach is among the largest DeFi security incidents in 2024, undermining confidence in both the SUI ecosystem and decentralized finance platforms as a whole. Additionally, the incident coincides with innovation trends: Circles, a Gnosis-backed project, has upgraded its trust-based social money system, while Ethereum’s new EIP-7702 upgrade has improved wallet usability but exposed new smart contract vulnerabilities. Over 60% of Ethereum delegations now interact with insecure contracts, causing additional wallet drains, as highlighted by Wintermute Research. Together, these stories emphasize evolving DeFi risks, the significance of protocol governance, and the challenge of balancing security with network decentralization. Crypto traders should monitor SUI, related governance votes, DeFi security audits, and the wider market reaction for trading opportunities and risk management.

Leading US Bitcoin miners CleanSpark and Marathon Digital posted record operational results for May 2025. CleanSpark mined 694 BTC—a 9.4% increase month-on-month—raising its hashrate to 45.6 EH/s and expanding its Bitcoin reserves to 12,502 BTC. Marathon Digital produced 950 BTC, up 35% from April, with a record 282 blocks mined, and grew its holdings to 49,179 BTC. Both companies attributed their gains to expanded power capacity, infrastructure upgrades, and in Marathon’s case, efficiencies from its self-operated mining pool. The strong May performance underscores miners’ resilience amid rising network hashrate and mining difficulty, driving both companies’ stocks higher. However, Marathon and fellow miner Core Scientific now face legal headwinds after Malikie Innovations filed lawsuits alleging infringement of elliptic curve cryptography (ECC) patents—a move experts say targets financial settlements but raises sector-wide legal uncertainty. If successful, the suits could lead to additional costs and risks for public miners. Overall, the news spotlighted robust mining sector growth and strategic reserve management, while cautioning traders about potential legal and regulatory volatility in the industry.

The $TRUMP meme coin project, associated with former President Donald Trump, conducted a special airdrop campaign targeting fans who purchased Trump merchandise or NFTs before February 15 and, more recently, honored the top 220 $TRUMP holders during a ’Trump Dinner’ event at Trump National Golf Club in Washington, D.C. Eligible participants received limited edition NFTs on the Solana blockchain, with three types distributed: ’Power to the Holders’ (1,049 addresses, floor price 7.6 SOL/~$1,200), ’Gold Gala Dinner’ (219 recipients, floor 48.15 SOL/~$7,700), and ’Diamond Hands’ (118 addresses, floor 101.7 SOL/~$16,000), the latter achieving a record sale price. Despite strong enthusiasm for these Trump-themed NFTs, trading around President’s Day, the $TRUMP token itself showed no meaningful price recovery and is currently priced near $11. The sustained collector interest in Trump NFTs highlights brand-driven demand, but so far has not translated into bullish momentum for the token on the open market.