Day

May 23, 2025

Crypto, NFTs are a lifeboat in the sinking fiat system: Finance Redefined

May 23, 20250
Risk appetite across traditional and cryptocurrency markets saw a sharp rise this week, helping United States cryptocurrency funds recover the capital lost to the correction of February and March, amassing over $7.5 billion worth of weekly inflows.Bitcoin (BTC) surpassed its old all-time high on May 21, two days after President Donald Trump confirmed ongoing ceasefire...

Price predictions 5/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

May 23, 20250
Key points:Bitcoin slipped below $109,588, but technical charts suggest traders are buying each dip.Excessive leverage in Bitcoin futures increases the risk of a quick correction.Select altcoins have turned down from their respective overhead resistance levels, signaling that the bears remain sellers on rallies.Sellers have pulled Bitcoin (BTC) back below the breakout level of $109,588, but...

Bitcoin’s bull market will ‘redefine’ BTC’s role in modern portfolios — Fidelity research

May 23, 20250
Key takeaways:Bitcoin’s performance in the current bull market and a new cohort of buyers reflect a maturing market and widening adoption.A 50% rise in hashrate and a 63% jump in Realized Cap highlight investors’ confidence in Bitcoin.A recent report from Fidelity Digital Assets explored how the current Bitcoin market cycle reflects a shift toward a...

Alchemy acquires no-code NFT launchpad HeyMint for undisclosed amount

May 23, 20250
Web3 developer platform Alchemy has acquired HeyMint, a California-based non-fungible token (NFT) launchpad, in a move designed to enhance the company’s smart wallet infrastructure. The undisclosed funding deal will see HeyMint’s infrastructure embedded within Alchemy as it seeks to simplify user onboarding for Web3 applications, the company disclosed on May 23. HeyMint’s co-founder and chief technology...

Ethereum price chart targets $4K as transaction fees hit 3-month high

May 23, 20250
Key takeaways:Ethereum is forming a bull flag on the daily chart, with a potential breakout to $4,000.If Ethereum’s network activity and total value locked continue to grow, ETH price may see further gains.Ether’s price printed a “bull flag” on the daily chart, a technical chart formation associated with strong upward momentum. Could a strengthening technical...

Who attended Trump’s controversial memecoin dinner?

May 23, 20250
The top 220 holders of US President Donald Trump’s memecoin met yesterday at the president’s golf course in Virginia for an exclusive dinner and purported meet-and-greet.Attendees spent a grand total of $148 million for an “ultra-exclusive VIP reception with the president,” which crypto industry advocates and critics alike saw as a potential opportunity to discuss...

Spoiler alert: The future of Web3 is not blockchain

May 23, 20250
Opinion by: Grigore Roșu, founder and chief executive officer of Pi SquaredFor some, the audacity of questioning the primacy of blockchain in Web3 is borderline heretical. The idea that decentralization and progress could exist without blockchains seems absurd to those who built careers around Bitcoin, Ethereum, and their descendants. Given blockchain’s well-documented scaling limits, however,...

Bitcoin price drops 4% as Trump EU tariff talk liquidates over $300M

May 23, 20250
Key points:Bitcoin joins risk assets in a knee-jerk reaction to the latest instalment of the US trade war, this time focused on the EU.BTC price action dives up to 4% before recovering with $110,000 now a resistance level.Traders demand that price holds higher levels going forward to protect bullish momentum.Bitcoin (BTC) saw flash volatility into...

Twice lucky? Cetus’ recovery plan on Sui mirrors a Solana blueprint

May 23, 20250
The bounty offer to recover stolen funds from Sui-based decentralized exchange (DEX) Cetus closely resembles a successful strategy used by a Solana project three years ago.It turns out that Cetus shares the same development team as Crema Finance, a Solana-based DeFi project that suffered a $9-million hack in 2022 but recovered most of the funds...

What is DNS hijacking? How it took down Curve Finance’s website

May 23, 20250
Understanding the Curve Finance DNS hijacking On May 12, 2025, at 20:55 UTC, hackers hijacked the “.fi” domain name system (DNS) of Curve Finance after managing to access the registrar. They began sending its users to a malicious website, attempting to drain their wallets. This was the second attack on Curve Finance’s infrastructure in a...
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