Day: May 23, 2025

Bitcoin tumbles under $108K after Trump calls for 50% EU tariff

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Key Takeaways Trump’s tariff push on the EU and tough talk on Apple suddenly sent Bitcoin below $108,000 in early Friday trading. Apple must build iPhones in the US or face a 25% tariff, Trump warned. Share this article The price of Bitcoin (BTC) fell below $108,000 early Friday after President Donald Trump called for steep tariffs on EU imports and threatened Apple with similar measures. The digital asset briefly touched $107,300 on Binance, pulling back from session highs above $111,000 as traders responded to fresh geopolitical tensions. The US…

Genius Group resumes Bitcoin buying after US court ruling

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Singapore-based artificial intelligence firm Genius Group has added more Bitcoin to its corporate treasury after being temporarily banned from doing so. In a May 22 announcement, Genius Group explained that it has resumed accumulating Bitcoin (BTC) following a favorable ruling by the US Court of Appeals. It follows Genius Group being temporarily barred from expanding its Bitcoin treasury after a US court order had banned it from selling shares, raising funds and using investor funds to buy more BTC. Genius Group announced it increased its Bitcoin Treasury 40% with the…

Binance co-founder CZ denies ‘fixer’ claims, slams WSJ report

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Binance co-founder and former CEO Changpeng “CZ” Zhao has pushed back against a report in The Wall Street Journal, calling it a “hit piece” filled with inaccuracies and negative assumptions.  In an X post, Zhao criticized the publication’s portrayal of his alleged involvement with World Liberty Financial, the decentralized finance project backed by a business entity affiliated with US President Donald Trump. Trump’s sons — Eric and Donald Jr. —are involved in the management of the company. Zhao said the WSJ article portrayed him as acting as a “fixer” for the…

Cetus offers $6M bounty after $220M hack as Sui faces decentralization debate

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Cetus is offering a $6 million white hat bounty in an effort to recover $220 million in stolen digital assets, while emergency responses from the Sui Network have raised concerns about decentralization. Sui-native decentralized exchange (DEX) Cetus was exploited for over $220 million worth of cryptocurrency on May 22. However, Cetus managed to freeze $162 million of the stolen funds shortly after. Cetus has since offered a white hat bounty of up to $6 million for the exploiter for returning the stolen 20,920 Ether (ETH), worth over $55 million, along…

Hyperliquid backs 24/7 crypto trading in CFTC comments submission

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Hyperliquid, a decentralized perpetuals exchange operating on its own layer-1 blockchain, has submitted formal comments on 24/7 derivatives trading to the United States Commodity Futures Trading Commission (CFTC). In a May 23 X post, Hyperliquid Labs announced that it has “submitted two comment letters to the [CFTC] in response to its recent Requests for Comment on perpetual derivatives and 24/7 trading.” The team behind the decentralized exchange (DEX) added: “We commend the CFTC for its proactive engagement on these topics, understanding of which is fundamental to the evolution of global…

DeFi’s zero onboarding costs allow it to reach 1.4B unbanked: 1inch co-founder

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Decentralized finance (DeFi) platforms have a major cost advantage over traditional banks when it comes to onboarding new users, according to Anton Bukov, co-founder of decentralized exchange (DEX) 1inch. Speaking at a panel during Dutch Blockchain Week on May 22 in Amsterdam, Bukov said traditional banks spend between $100 and $300 per user to verify documents and set up accounts. Online banks, he said, spend about $20 to $30. In contrast, DeFi requires almost nothing beyond a smartphone and internet access. “Onboarding to DeFi literally costs zero,” Bukov said. “You…

Bitcoin buyer dominance at $111K suggests ‘another wave’ of gains

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Key points: Bitcoin buyer interest remains strong at all-time highs, contrasting with the first touch of $100,000 in 2024. The BTC price uptrend “may continue” as a result, CryptoQuant analysis concludes. Bitcoin short-term holders are firmly in the black in a further potential bull market boost. Bitcoin (BTC) buyers remain dominant on exchanges as all-time highs are met with unusual optimism. Data from onchain analytics platform CryptoQuant shows a 90-day cumulative volume delta (CVD) favoring Bitcoin bulls. CryptoQuant: BTC price uptrend “may continue” BTC price all-time highs continue to find…

US big banks hold early talks on joint crypto stablecoin: WSJ

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Some of the biggest banking companies in the US are reportedly exploring a team-up to launch a crypto stablecoin. Companies owned by JPMorgan, Bank of America, Citigroup and Wells Fargo have discussed the possibility of jointly issuing a stablecoin, The Wall Street Journal reported on May 22, citing people familiar with the matter. Other financial institutions linked to the potential stablecoin include Early Warning Services, the parent company of digital payments network Zelle, and the payment network Clearing House. The discussions are still in the early stages, and a final…

Anthropic’s debuts most powerful AI yet amid ‘whistleblowing’ controversy

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Artificial intelligence firm Anthropic has launched the latest generations of its chatbots amid criticism of a testing environment behaviour that could report some users to authorities. Anthropic unveiled Claude Opus 4 and Claude Sonnet 4 on May 22, claiming that Claude Opus 4 is its most powerful model yet, “and the world’s best coding model,” while Claude Sonnet 4 is a significant upgrade from its predecessor, “delivering superior coding and reasoning.” The firm added that both upgrades are hybrid models offering two modes — “near-instant responses and extended thinking for…

Hackers using fake Ledger Live app to steal seed phrases and drain crypto

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Cybercriminals are using fake Ledger Live apps to drain macOS users’ crypto through malware that steals seed phrases, a cybersecurity firm warns.  The malware replaces the legitimate Ledger Live app on victims’ devices and then prompts the user to input their seed phrase through a phony pop-up message, a team from Moonlock said in a May 22 report. “Initially, attackers could use the clone to steal passwords, notes, and wallet details to get a glimpse of the wallet’s assets, but they had no way to extract the funds,” the Moonlock…