Category: Altcoin News

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

admin

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

admin

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…

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

admin

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…

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

admin

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…

How to Spot the Next Big Crypto Gem in 2025

admin

TL;DR Spotting the next big crypto project before it explodes demands data, discipline and a sharp eye for real signals. This guide explores how to identify early winners by analyzing onchain metrics, tokenomics, dev activity and community traction while avoiding the common traps of hype-driven pumps and red-flag projects. Despite the crypto space being crowded, fast-moving and full of noise, some investors manage to consistently find promising projects while they’re still under the radar. So, how do they do it?  Crypto trendspotters know how to read onchain data. They understand…

Swedish health firm jumps 37% on first Bitcoin buy, China EV seller to buy 1K BTC

admin

Shares in Swedish health tech company H100 Group AB rose 37% after it said it purchased Bitcoin for the first time as part of a new strategy, while China’s Jiuzi Holdings revealed its plan to stack 1,000 Bitcoin over the next year. H100 said on May 22 that it spent 5 million Norwegian krone ($490,830) buying 4.39 Bitcoin (BTC) at an average purchasing price of around $111,785. The company’s shares closed May 22 trading up 37% to 1.22 Swedish krona ($0.13) on the Nordic Growth Market following its disclosure of its Bitcoin…

Crypto perp futures coming ‘very soon,’ says CFTC’s Mersinger

admin

Crypto perpetual futures contracts could receive regulatory approval in the US “very soon,” says outgoing Commodities and Futures Trading Commission Commissioner Summer Mersinger. Perpetual crypto futures “can come to market now,” Mersinger told Bloomberg TV on May 22.  “We’re seeing some applications, and I believe we’ll see some of those products trading live very soon,” she said, adding it would be “great to get that trading back onshore in the United States.”  Mersinger, who will leave the CFTC at the end of May, said having crypto derivatives trading and regulated…

Michigan lawmakers file 4 crypto bills on retiree funds, CBDCs, mining

admin

Michigan lawmakers have introduced four crypto-related bills covering crypto mining, central bank digital currencies (CBDCs) and crypto in state retirement funds. Republican state Representative Bill Schuette introduced House Bill 4510 on May 21, which would amend Michigan’s Public Employee Retirement System Investment Act to allow the state treasurer, currently Rachael Eubanks, to invest in cryptocurrencies that have averaged a market cap above $250 million over the last calendar year. Bitcoin (BTC) and Ether (ETH) are the only cryptocurrencies that currently meet that threshold. The bill adds that any cryptocurrencies must…

US tourist drugged by fake Uber driver and robbed of $123K BTC — Report

admin

An American tourist in the United Kingdom was reportedly drugged by an individual posing as a taxi driver, who stole the tourist’s $123,000 in Bitcoin stored on a cell phone. According to a report from My London, Jacob Irwin-Cline went out to a London bar and had several drinks before calling an Uber to take him home. Cline said that he did not thoroughly check the details of the Uber ride on his phone and left with a random private cab driver resembling the Uber driver at first glance, but…

XRP price fails to respond to two extremely bullish developments — Here is why

admin

Key takeaways: The two most bullish events ever imagined by XRP (XRP) advocates happened in 2025, but XRP continues to underperform the cryptocurrency market. On March 6, XRP was listed as a candidate for the United States’ “Digital Asset Reserve,” and Ripple Labs settled a multi-year-long complaint with the US Securities and Exchange Commission on May 8. XRP/USD (blue) vs. crypto market capitalization. Source: TradingView / Cointelegraph XRP fell 6% in the three months leading up to May 22, while overall crypto market capitalization rose 10%. Traders remain hopeful for…