Category: cryptocurrency

Synthetix Drops $27M Derive Deal After Community Pushback

Synthetix has officially scrapped its proposed $27 million acquisition of crypto options platform Derive, following intense community backlash and lack of support from stakeholders on both sides. Community Backlash Halts Acquisition The now-canceled proposal, first announced in a May 14 blog post, involved a token swap deal priced at 1 SNX for 27 DRV tokens. […]

Coinbase Hacker Transfers Stolen Funds, Mocks Investigators with On-Chain Meme

The hacker behind the massive Coinbase data breach is not only laundering tens of millions in stolen crypto assets but is now publicly mocking blockchain investigators with on-chain taunts. Millions Laundered in Stablecoins According to blockchain security firm PeckShield, the attacker recently transferred 8,697 ETH, converting it into approximately $22 million in DAI, a dollar-pegged […]

SUI-Powered Cetus Protocol Suffers $260M Exploit – Security Investigation Launched

Cetus, a decentralized exchange (DEX) built on the Sui blockchain, has reportedly fallen victim to a massive exploit resulting in the loss of over $260 million. According to on-chain analytics platform Lookonchain, the attacker siphoned funds and quickly swapped them into USDC, bridging approximately $60 million to Ethereum where they were converted into ETH. Lookonchain […]

Donald Trump Meets Meme Coin Holders Today – Here’s What to Expect From the Crypto-Themed Dinner

As part of his ongoing outreach to the crypto community, U.S. President Donald Trump is making good on a major promise: dining with the top holders of his meme coin, Official Trump (TRUMP). The exclusive dinner is set for today, Thursday, May 22, and will take place at Trump National Golf Club in Potomac Falls, […]

Ripple’s Quiet Rise: Should Bitcoin Maxis Worry About XRP’s Growing Influence?

Bitcoin (BTC) maximalists have long dismissed altcoins as mere speculative assets, but Ripple’s steady growth in global finance is beginning to challenge that narrative, according to a prominent social media influencer. While Bitcoin continues to reign as the leading cryptocurrency by market cap, Ripple’s native token, XRP, is carving out a significant niche in an […]

Analyst Says Bitcoin Could Skyrocket to $600K as S&P 500 Dips 50%

Market commentator Fred Krueger has outlined a bold scenario in which Bitcoin reaches this astronomical value within 90 days, driven by rising monetary instability, widespread institutional adoption, and a massive shift away from traditional markets. Krueger’s analysis begins with the potential failure of a $200 billion Treasury auction in late July 2025, which could trigger […]

Profit-Taking Pushes Ethereum (ETH) Into Overheated Zone Near Key Resistance

Ethereum recently surged over the weekend but struggled to maintain its momentum above $2,600, eventually dropping to $2,400 before recovering and returning to the $2,600 level. New data suggests that Ethereum may experience a short-term pullback as it approaches the key resistance zone. The market appears to be overheating as profit-taking intensifies and a significant […]

Coinbase Faces Legal Action Over Alleged Unauthorized Biometric Data Collection

Coinbase is currently facing a class-action lawsuit filed by Illinois residents, accusing the crypto exchange of unlawfully collecting and sharing biometric data as part of its identity verification process. The lawsuit, filed in federal court on May 13, claims that Coinbase violated Illinois’ Biometric Information Privacy Act (BIPA) by capturing users’ facial data without obtaining […]

SUN Stays Strong at Second in Tron’s TVL Rankings, JustLend Still Leading

SUN, a prominent platform for swap, yield farming, and self-governance on the Tron blockchain, has firmly maintained its position as the second-largest protocol by Total Value Locked (TVL). It continues to trail behind JustLend, which remains the leader in Tron’s DeFi ecosystem. With around $985 million locked in, SUN holds a substantial share of Tron’s […]

BTC and ETH Exchange Balances at Multi-Year Low: Impact on Crypto Market Explained

As the crypto market rally continues, investor sentiment is growing increasingly bullish—reflected in how traders are storing their assets. According to new data from market intelligence platform Santiment, the exchange balances of both Bitcoin (BTC) and Ethereum (ETH) have dropped to multi-year lows, a development that could have significant implications for the market. Exchange Supply […]