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Former U.S. President Donald Trump is preparing to launch his own coin, which is set to take place on Wednesday. While some people speculated that it might be a cryptocurrency, Trump’s project is more of a traditional product than a digital asset.

 
New Coin to Support Presidential Campaign
Donald Trump, who is running for the presidency of the United States again, announced the launch of a new coin to raise funds for his election campaign. The project, titled "Silver Medallion First Edition President Trump," aims to distribute physical silver to Americans who support his political vision and want to see him back in office. Although many of his supporters expected Trump to release a cryptocurrency, this new coin is something entirely different.
 Launch of Limited Edition Coin
Trump announced that the coin will be sold for $100 each through the website RealTrumpCoins.com. The coin will be made of 99.9% pure silver and will only be available in a limited edition. One side of the coin will feature Donald Trump’s likeness, while the other side will display the White House accompanied by the phrase "In God We Trust."
 This coin is expected to be one of several activities that Trump undertakes to secure the necessary funding for his campaign ahead of the upcoming presidential elections in the U.S. The coin comes at a time when Trump is actively seeking new ways to bolster his campaign and ensure he has the resources he needs. He stated that this silver coin is the "ONLY OFFICIAL coin" he has designed and that was minted in the U.S. under his leadership.
 Cryptocurrency Expectations Unfulfilled
In recent months, several meme coins featuring themes related to Donald Trump have appeared in the market, capitalizing on his popularity. However, Trump has distanced himself from these unofficial tokens and emphasized during the introduction of his silver coin that:
"I’ve seen a lot of coins using my beautiful face, but they’re not official. RealTrumpCoin.com is the only place to purchase the official Trump coin."
 At first glance, Trump’s announcement of a new official coin might seem related to cryptocurrency, as many of his fans have been expecting him to introduce a digital asset. For instance, last week, 84% of bettors on the Polymarket platform believed that Trump would come out with his own cryptocurrency. This anticipation was fueled by the launch of the World Liberty Financial project, which was speculated to potentially include an official Trump cryptocurrency.
 World Liberty Financial and the True Purpose of the Coin
The World Liberty Financial project does contain a token called WLFI, but this token lacks the key characteristics of a classic cryptocurrency as many had envisioned. Although WLFI has been presented as a type of digital asset, it is not the classic cryptocurrency that Trump fans hoped for. While speculation continues regarding whether Trump will eventually come up with his own cryptocurrency project, the silver coin remains his current official product and focuses more on traditional investment in precious metals.
Thus, Trump continues to favor physical, tangible assets rather than joining the wave of digital assets that currently dominate the financial world.
Trump's fondness for cryptocurrencies.
Donald Trump also commented on the Fatty token before the presidential campaign. #Fatty caught Trump's attention because one of the characters in the game mimics Donald Trump, and they are also counting on Don's participation in their new video clip. The first episode featured UFC Champion Jiří Procházka and world-famous beauty contest winners. Fatty.io is still in presale, and it is expected to be one of the best launches of this period.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

High-stakes trader James Wynn is back in action. Just hours after swallowing a $100 million loss from a highly leveraged Bitcoin position, Wynn has launched a fresh 40x long on BTC — aiming once again to turn risk into a $1 billion jackpot. 🎯
He’s chosen the decentralized derivatives platform Hyperliquid for his comeback, sparking speculation, excitement, and plenty of debate. Wynn’s market moves are either seen as bold inspiration or reckless warnings.

Back in the Game: A New Billion-Dollar Attempt
Initially looking defeated after closing out his previous longs at a massive loss, Wynn has now opened another high-leverage trade — a 40x long on BTC and kPEPE — with a liquidation level just below $103,000. He reentered at around $105,581, betting on a strong monthly close for Bitcoin.
BTC has already gained over 11% since the start of June, mirroring May’s 11% rise. But even a small dip could jeopardize Wynn’s latest gamble. Any drop toward his liquidation zone may mean another spectacular wipeout.

Market Drama: Wynn Becomes a Sentiment Driver
Wynn’s trades now have the power to sway sentiment across crypto. The community either rallies behind his high-risk performance or watches, eager to see if he’ll get liquidated. Regardless, he moves markets — his new positions added $6.9 billion in open interest to Hyperliquid, pushing the DEX into the top 15 global derivatives platforms.

From BTC to Meme Coins – Introducing MoonPig
Even after losing nine figures, Wynn isn’t slowing down. He’s shifted focus to meme coins, launching a new token — MoonPig (MOONPIG). Within hours, the price tripled from $0.01 to $0.03, powered by a simple leaderboard-based idle game and strong community buzz.
It’s another showcase of Wynn’s influence: when he moves, the market listens. He’s also been eyeing other tokens like PURR, FARM, VAPOR, and BUDDY.

HYPE Token Rises Alongside Wynn
Wynn’s bold return has boosted HYPE, Hyperliquid’s native token, which rebounded to $32.62 — close to its all-time high of $39. If his trade plays out, both his reputation and the future of on-chain perpetuals could be significantly strengthened.

#cryptotrading , #BTC , #CryptoNewss , #bitcoin , #CryptoMarket

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Tensions between the United States and China are rising once again. President Donald Trump has publicly accused China of violating the trade agreement between the two countries — and markets quickly reacted. While stock futures slipped, Bitcoin spiked to $106,000 shortly after Trump’s statement.

Trump Accuses China of Breaking Trade Agreement
On Truth Social, Trump claimed that China had completely broken its trade agreement with the U.S. — an act that, while “not surprising,” he described as deeply concerning. “So much for being a good guy,” he added sarcastically.
His comment came shortly after Treasury Secretary Scott Bessent acknowledged that trade negotiations had stalled. The crypto market responded swiftly: Bitcoin initially fell below $105,000, but reversed sharply following Trump’s remarks.

Stock Futures Drop, Altcoins Remain Flat
Market commentator The Kobeissi Letter noted on X that U.S. stock futures dropped as soon as the news broke. In contrast, most altcoins remained flat or saw only mild corrections, while Bitcoin led the crypto reaction.

Trump: “I Saved China with the Deal — and They Betrayed Us”
Trump further claimed that China was on the brink of a serious economic collapse before the agreement was made. He described how his high tariffs nearly shut China out of the U.S. market — the world's largest — and that the trade deal was a “quick rescue.”
“Everything seemed stable again, China returned to normal… and then they broke the deal,” he said with frustration.

U.S. Official: “Completely Unacceptable Behavior”
Jamieson Greer, a U.S. trade representative who helped negotiate the deal alongside Bessent, told CNBC that China’s actions were “completely unacceptable.” He emphasized that the U.S. is seriously concerned about China’s failure to uphold its end of the agreement.

Has the Trade War Lost Its Shock Value?
In another post, The Kobeissi Letter suggested that the impact of the trade war on markets may be fading. While such news would have rocked markets in the past, futures only dropped 0.3% this time.
For comparison: in April, Trump’s announcement of reciprocal tariffs triggered a 5% drop in the S&P 500 and pushed Bitcoin down to $76,000.

Bitcoin Remains Resilient Amid Geopolitical Tensions
Despite renewed trade tensions and court disputes over Trump’s tariff policies, Bitcoin has held strong. Since its April low, the leading cryptocurrency has rallied to a new all-time high of $111,900.
While traditional markets may have become less reactive, crypto assets continue to reflect the sensitivity to geopolitical developments — and this latest episode proves it once again.

#bitcoin , #TRUMP , #CryptoNewss , #ChinaTrade , #Geopolitics

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Crypto analyst Dr. Altcoin has issued a warning about Pi Coin, predicting a further price decline that could push the token down to $0.40 by August. He cites a lack of transparency and concerning centralization as key reasons for dwindling investor trust and weakening price action.

Confidence Drops, Investors Exit, and Price Falls
Pi Coin is currently trading around $0.68, the lowest level since May 17. The token has lost more than 60% of its value since its May peak. According to Dr. Altcoin, if nothing changes, Pi Coin could shed another 40% of its value in the coming weeks.
“No investor wants to put money into a project where the founders refuse to be transparent,” he stated.

Pi Core Team Under Fire
The project’s founders, Nicolas Kokkalis and Chengdiao Fan, are facing growing criticism for their lack of openness toward the community. Dr. Altcoin – once a supporter of the Pi Network – is now publicly calling on Pi Core and the Pi Foundation to disclose details of token sales, which he claims are happening behind the scenes.

Centralization Raises Red Flags
Another major concern is the extreme centralization of the token supply. Analysts report that the Pi Foundation holds over 90 billion Pi coins across more than 2,000 wallets. This has sparked fears of a single point of failure, where a security breach could endanger the entire ecosystem. This centralization is also seen as a key reason top exchanges like Binance and Coinbase have not listed Pi Coin, despite its popularity.

More Coins Unlocked, But Demand Lags
The project is also under pressure from token inflation – with millions of new tokens unlocked each month, supply is increasing while demand remains weak. In June alone, 272 million Pi coins will be unlocked, followed by 1.53 billion over the next year.
Additionally, data shows that over the past 24 hours, the amount of Pi on exchanges increased by over 3 million coins, possibly indicating heavy selling by holders.

Technical Analysis Points to Further Decline
On the 8-hour chart, Pi Coin had surged over 300% earlier this year, reaching a high of $1.66 in May as investors hoped for listings on major exchanges. When that didn’t materialize, the price sharply reversed.
The token is now trading below its 50-period moving average and is testing support at $0.6606. A drop below this level could open the path to $0.40, its historical low.
The only chance for invalidating this bearish outlook would be a move above $0.8680 — the double-bottom neckline from May 21. If that happens, the downward trend could be broken.

#pi , #PiNetwok , #CryptoMarket , #CryptoNewsCommunity , #cryptocurrencies

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The price of AAVE has fallen more than 15% over the past four days, but investors have seized the dip as an opportunity. A renewed wave of interest in tokenized yield markets, especially through collaborations with Pendle and Ethena, is helping revitalize demand for the Aave protocol – potentially setting the stage for a strong price rebound.

Sharp Price Dip Followed by a Swift Reaction
AAVE dropped from a local high of $283 (on May 27) to a daily low of $240, but the market quickly responded – pushing the price back above $254, and it’s currently hovering around $251. All signs suggest that a bullish recovery may be underway.

Aave Activity Surges as Pendle PT Tokens Gain Traction
Aave’s recent momentum is closely tied to the addition of new collateral types enabling trading of tokenized yields (PT – Principal Tokens). On May 27, Aave added support for eUSDe, PT-USDe (maturing in July), and PT-eUSDe (maturing in August). This expanded the platform’s total market size to around $700 million.
The next day, May 28, Pendle launched trading for these tokens with initial caps:

🔹 $100 million for PT-eUSDe

🔹 $40 million for PT-USDe
Both caps were hit within hours. On May 29, the caps were doubled to $200M and $80M respectively – and again, demand was strong enough to fill them quickly. This highlights the booming appetite for yield-bearing instruments on Aave.

What Are PT Tokens?
PT tokens represent fixed yield rights to underlying assets locked in Pendle. They split the principal and yield, allowing users to trade and monetize future returns. While some PT tokens from Ethena were added earlier, this new expansion on May 27 significantly accelerates Aave's position in the tokenized yield space.

Growing Protocol, Growing Trust
Although PT tokens don’t directly affect AAVE’s market price, they drive adoption and use of the Aave platform, which is crucial in the long term. More assets being deposited means a higher TVL (Total Value Locked) – which, as of May 20, accounted for 20% of all TVL in the DeFi sector.
As adoption grows, AAVE gains utility through its governance role, and broader network trust often boosts the token’s long-term value.

What’s Next for AAVE Price?
From its current level of $251, AAVE is eyeing a move toward $283, a potential 12% rally. If it breaks this resistance, the next key target is the $300 mark – a psychological level that also acted as support during the December rally.
If bullish momentum continues, AAVE could see a near 20% gain in the short term.

#AAVE , #Altcoin , #CryptoAnalysis , #priceprediction , #crypto

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Netflix is diving into a new drama project inspired by the fall of crypto giant FTX. The upcoming eight-part series titled “The Antisocial Network: Altruist” will feature Anthony Boyle as Sam Bankman-Fried and Julia Garner as Caroline Ellison in the leading roles.
The series will chronicle the dramatic chain of events that led to one of the most notorious collapses in crypto history — the downfall of the FTX exchange and the multi-billion-dollar fraud that shook the financial world. The project is produced by Higher Ground, the production company founded by Barack and Michelle Obama.
“Two hyper-intelligent young idealists try to reshape the global financial system overnight… only to end up stealing $8 billion together,” teased Netflix in its announcement.

🎭 Who’s Playing SBF and Caroline?
🔹 Anthony Boyle, a Northern Irish actor, is known for his roles in miniseries like Masters of the Air, Say Nothing, and the upcoming House of Guinness. He’s also appeared in films such as Tetris and Tolkien.
🔹 Julia Garner, an Emmy-winning actress, rose to fame through series like Ozark, Inventing Anna, and Maniac. She’s now set to portray Caroline Ellison, SBF’s former girlfriend and CEO of Alameda Research.

🎥 The Creative Team Behind the Series
The series is being developed by Graham Moore (The Imitation Game, The Outfit) and Jacqueline Hoyt (The Underground Railroad, The Leftovers). The first episode will be directed by James Ponsoldt, known for Daisy Jones & The Six and The Spectacular Now. Executive producers for Higher Ground include Vinnie Malhotra and Jessie Dicovitsky.

“Sam and Caroline’s story has been my daily obsession for nearly three years,” said Moore. “I’m incredibly grateful to my friends at Netflix and Higher Ground for loving it just as much — and in the same way — as I do.”

⏳ When Will It Premiere?
There’s no official release date yet, but it’s possible that Caroline Ellison, sentenced to 24 months in prison, could watch it before her expected release in May 2026.
On the other hand, Sam Bankman-Fried could be released even earlier than expected. Although sentenced to 25 years, good behavior, participation in prison programs, and time served may reduce his sentence by up to four years.

#netflix , #FTX , #SamBankman-Fried , #SBF , #Alameda

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Despite growing investments in spot Ethereum ETFs, their impact on the cryptocurrency’s market price remains limited. According to blockchain analytics firm Glassnode, ETFs currently represent only a small portion of the spot ETH market and have negligible influence on price movements.

🔹 Ethereum ETFs Are Growing, but Price Remains Unaffected
Over the past nine trading days, spot Ethereum ETFs have seen continuous capital inflows, signaling increased interest from institutional investors. The ETHA fund by BlackRock is leading the trend, having surpassed $4.5 billion in assets since its launch.
On Thursday alone, Ethereum ETFs recorded a net inflow of nearly $92 million, with:

🔹 $50.4 million into ETHA by BlackRock

🔹 $38.3 million into FETH by Fidelity
Despite this momentum, Glassnode reports that the average investor in these funds is currently underwater. The ETHA fund has an average cost basis of $3,300, and FETH’s is even higher at $3,500—compared to the current ETH price of $2,616, about 21% lower.

🔹 Price Remains Below Cost Basis
Every time ETH falls below this average cost basis, investors begin exiting positions, resulting in accelerated capital outflows, as seen in August 2024 and again in January and March 2025.
Meanwhile, analysts note a capital rotation from Bitcoin ETFs into Ethereum. After a strong month of inflows, spot Bitcoin ETFs have turned negative, while Ethereum ETFs continue to attract new funds. Popular analyst Crypto Rover has described this as a capital shift from BTC to ETH.

🔹 ETFs Hold a Small Share of the Spot Market
Despite rising interest, Glassnode emphasizes that Ethereum ETFs currently account for only 1.5% of spot trading volume. At launch in 2024, their share was similarly small, briefly peaking at 2.5% in November, before returning to 1.5% in 2025.
“Spot Ethereum ETFs are not currently large enough to significantly impact price discovery. Market adoption has been slow and volumes remain limited,” notes Glassnode.

🌍 Broader Market Uncertainty Continues
The entire crypto market remains in a volatile phase, as renewed trade tensions between the U.S. and China and global macroeconomic uncertainty weigh on investor sentiment. This instability affects not just Ethereum but the entire digital asset ecosystem.

#ETH , #Ethereum , #CryptoNewss , #etf , #CryptoAnalysis

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The three-day Bitcoin 2025 conference in Las Vegas has wrapped up — leaving behind a wave of inspiration, powerful speeches, and renewed vision for the crypto space. The event gathered tech visionaries, political figures, and hardcore Bitcoiners. If you missed it, here’s everything you need to know.

Over 400 Speakers Took the Stage – From Saylor to Trump
More than 400 leaders and speakers delivered their insights on Bitcoin’s growth, market developments, regulation, and adoption. Notable names included:
🔹 Michael Saylor (MicroStrategy)

🔹 JD Vance (Vice President of the U.S.)

🔹 Ross Ulbricht

🔹 Jack Mallers (Strike)

🔹 Eric & Donald Trump Jr.

🔹 Senator Cynthia Lummis

🔹 SEC Commissioner Hester Peirce

JD Vance: “Bitcoin Is a Symbol of Freedom”
U.S. Vice President JD Vance delivered a powerful address, calling Bitcoin a defense mechanism against government surveillance and poor fiscal policy.
He praised President Trump’s crypto initiatives and emphasized that America should lead the digital finance revolution. Vance added that stablecoins aren’t a threat but rather a multiplier of economic strength.

Michael Saylor: 21 Paths to Wealth
Michael Saylor shared his philosophy of wealth and called Bitcoin the foundation of prosperity, not just an investment. He unveiled plans from MicroStrategy to launch Bitcoin-backed stock offerings and distanced the firm from becoming a traditional bank.

Ross Ulbricht: Freedom, Decentralization, Unity
In his first public appearance since receiving a pardon from President Trump, Silk Road founder Ross Ulbricht delivered an emotional speech about his prison experience and the core values of Bitcoin.
“Gaining freedom is as powerful as losing it. I’m free — and it’s thanks to you. Thank you, thank you, thank you.”

Jack Mallers: Fiat Is the Problem, Bitcoin Is the Solution
Strike founder Jack Mallers criticized fiat currencies and introduced a new Bitcoin-backed lending system offering loans from $10,000 to $1 billion with 9–13% interest rates.
He emphasized that Bitcoin was invented to protect time, energy, assets, and sovereignty — values that fiat systems erode.

Trump Family: The U.S. Will Lead the Crypto Revolution
Eric and Donald Trump Jr. expressed strong support for crypto and confirmed the administration’s commitment to making the U.S. a leader in digital assets. They criticized the inefficiencies of traditional finance and highlighted the power of decentralization.
Eric Trump credited Michael Saylor for inspiring him to mortgage Mar-a-Lago to buy BTC.

Cynthia Lummis & Hester Peirce: Clear Rules, Fair Treatment
Senator Cynthia Lummis received widespread praise for championing the Genius Act and proposing the creation of a U.S. strategic Bitcoin reserve. Her message: “Bitcoin is a growing asset while Congress devalues the dollar.”
SEC Commissioner Hester Peirce also spoke about regulatory progress and stressed the need for clear and fair rules that treat crypto businesses equally — not exceptionally.

Conclusion:
Bitcoin 2025 made it clear: Bitcoin is no longer niche — it’s at the heart of a global conversation about freedom, innovation, and the future of money. With support from leaders in politics, tech, and finance, Bitcoin continues to evolve as a tool for growth, protection, and change.

#BTC , #bitcoin , #MichaelSaylor , #CynthiaLummis , #CryptoNewss

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Shiba Inu (SHIB) could see a significant price rally in the coming days, with a potential move toward $0.00002, representing a 48% increase from its current price. This bullish forecast is based on the emerging “Rising Three Methods” candlestick pattern on the weekly chart, typically signaling a continuation of an uptrend.

Technical Bullish Signal: “Rising Three Methods”
This pattern consists of a strong bullish candle followed by three smaller red candles with higher lows, which do not break the overall trend. The setup needs a fourth green candle that closes above the previous high – at $0.0000582 (43.18% Fibonacci level) – to confirm.
If confirmed, the momentum could push SHIB to $0.0000218 as early as next week, assuming the broader crypto market turns bullish again.

Correction Could Make Room for a Bounce
Despite the technical optimism, Shiba Inu recently dipped due to broader market liquidations exceeding $655 million, dragging SHIB down 6% to $0.0000135. However, 24-hour trading volume has jumped over 30%, likely driven by increased selling pressure.
More than $1.09 million in long liquidations marked the highest single-week long wipeout, and may have catalyzed the latest pullback. If this leverage gets flushed out, SHIB could resume its early May bullish trajectory and hit $0.000022 next week.

RSI and AO Reflect Market Tension
The Awesome Oscillator (AO) shows early bullish momentum – green histogram bars remain below the zero line, hinting that bearish pressure is fading. However, the Relative Strength Index (RSI) is still at 44. If it fails to break above 50, the bullish breakout may not materialize.

Price Targets: $0.00002 and Beyond?
If Shiba Inu breaks past $0.00002, the next major target lies at $0.000033, which would mark a new yearly high. The overall market sentiment and completion of the chart pattern will determine whether SHIB can maintain momentum.

Summary:
Shiba Inu is at a critical technical point. Completion of the “Rising Three Methods” pattern could trigger a sharp rally, but weak RSI and market uncertainty might stall the move. The upcoming weekly candle will be key to confirming direction.

#SHIB , #Shibarium , #memecoin , #CryptoAnalysis , #CryptoMarket

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Thailand’s Securities and Exchange Commission (SEC) has announced it will block access to five foreign cryptocurrency exchanges — OKX, Bybit, CoinEx, 1000X, and XT.COM — starting June 28, citing unlicensed operations that violate the country’s Digital Asset Business Act. Legal action will also be taken against these platforms.
This move, grounded in the Royal Decree on the Prevention and Suppression of Technology Crimes (No. 2) B.E. 2568, is intended to protect investors and prevent illegal platforms from being exploited for money laundering.

❌ OKX and Nine Promoters Face Criminal Charges
Earlier, the SEC filed a complaint against OKX’s parent company, Aux Cayes FinTech Co. Ltd., and nine individuals who actively promoted its services in Thai through social media platforms like Telegram, Twitter (now X), and Line.
Investigations revealed that OKX offered crypto exchange services and charged a 0.1% trading fee without holding the required license. Such activities may constitute unauthorized operation of a digital asset exchange under Thai law and are punishable under Section 66 of the Emergency Decree on Digital Assets.

🛑 SEC Urges Investors to Move Funds Before Platforms Are Blocked
The SEC is advising Thai investors to verify whether their crypto platforms are officially licensed and, if necessary, withdraw their assets before access is restricted. Tools such as SEC Check First and Investor Alert are available to help users identify regulated entities.
Suspicious activities can be reported via hotline 1207 or through the SEC’s official Facebook page and live chat system.

🗣 OKX Responds: “We Respect Local Laws and Cooperate with Authorities”
An OKX spokesperson responded to the news, confirming awareness of the SEC's announcement and reaffirming the exchange's strong commitment to regulatory compliance. The company emphasized its cooperation with global regulators to combat illicit activities and maintain a safe, transparent trading environment.

#thailand , #SEC , #Regulation , #OKX , #bybit

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

🔍 Key Highlights:
🔹 Gold heads for its steepest weekly drop in nearly two months as traders await U.S. PCE inflation data

🔹 Oil prices fall for a second straight week amid expectations of increased OPEC+ production

🔹 Ongoing trade tensions and tariff uncertainty continue to support demand for safe-haven assets like gold and oil

Gold Sinks Ahead of Inflation Data, Poised for Its Largest Weekly Drop Since Early April
Gold extended its losses on Friday, heading for the steepest weekly decline in nearly two months, as market participants turned cautious ahead of the release of the U.S. PCE inflation index, the Federal Reserve’s preferred gauge of inflation.
Gold futures (GC=F) slipped 0.8% during early Asian trading, setting up a weekly loss of almost 2%. According to Kelvin Wong, analyst at Oanda Asia Pacific:
“Gold’s failure to break short-term resistance at $3,328 – both during U.S. hours and again early in Asia – triggered a technical sell-off,” Wong noted.

Geopolitical Risks Reinforce Gold’s Safe-Haven Status
Volatility resurfaced this week after a U.S. appeals court temporarily blocked a lower court ruling that could have overturned Trump-era tariffs. Simultaneously, the Biden administration revoked some Chinese student visas and restricted chip design software exports to Chinese companies – sparking protests from Beijing.
In such an environment, gold remains a key hedge. Goldman Sachs reiterated this week that the metal remains central in their long-term inflation-protection portfolio, alongside oil.
By 1:40 p.m. in Singapore, spot gold pared losses but was still down 0.5%, trading at $3,300 per ounce. Other precious metals, including silver, platinum, and palladium, also saw declines.

Oil Slips Again, Eyes on OPEC+ Decision
Crude oil prices fell slightly for a second week as traders await the outcome of this weekend’s OPEC+ meeting, where an increase in production is widely expected.
🔹 Brent crude fell 21 cents (0.33%) to $63.94

🔹 WTI crude lost 22 cents (0.36%) to $60.72
Both benchmarks are down around 1.3% for the week, with July Brent futures expiring on Friday.
Analysts at JPMorgan highlighted a global oversupply of around 2.2 million barrels per day, warning that prices may fall further unless market balance is restored.

Trump Tariffs, Export Controls Add to Uncertainty
U.S. policy shifts added fuel to market unease. On Thursday, Trump reinstated sweeping tariffs, overturning a court ruling from just a day earlier. The White House also blocked exports of fuels like ethane and butane to China without special licenses and revoked some existing ones.
Since Trump’s “Liberation Day” tariffs on April 2, crude oil has dropped over 10%.

Demand Rebounds, But Below Expectations
Despite the geopolitical tension, U.S. fuel demand rebounded during the Memorial Day holiday. JPMorgan estimates consumption rose by 400,000 barrels per day through May 28 — 250,000 barrels below earlier projections.

Summary:
Gold and oil remain under pressure as markets brace for key data and policy moves. While oil is weighed down by oversupply concerns, gold is holding ground as a trusted safe-haven in uncertain times.

#GOLD , #OilMarket , #TRUMP , #Tariffs , #market

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

🔍 Key Points:
🔹 U.S.–China trade negotiations have stalled, and Finance Minister Scott Bessent says only a direct conversation between Trump and Xi can move things forward

🔹 A recent 90-day tariff truce calmed markets, but core disputes remain unresolved

🔹 Despite a trade court ruling against Trump’s tariffs, a federal appeals court has reinstated them

🔹 Meanwhile, talks continue with Japan, India, and the European Union

Talks at a Standstill—Only Trump and Xi Can Break the Deadlock
According to U.S. Treasury Secretary Scott Bessent, trade negotiations between the United States and China have lost momentum, and a personal intervention from President Donald Trump and Chinese President Xi Jlnping may be the only way to make real progress.
In a Thursday interview with Reuters, Bessent said that little has changed since mid-May, though he expects further discussions in the coming weeks.
“I believe there could eventually be a phone call between President Trump and Chairman Xi,” Bessent remarked.
Truce Brought Relief, But Deeper Issues Persist
Two weeks ago, Bessent led a critical round of talks between the world’s two largest economies, resulting in a 90-day pause on new tariffs. The move sparked a rally across global stock markets.
However, core American concerns—particularly about China’s state-controlled, export-driven economy—remain unaddressed. Bessent emphasized that the complexity and scale of the issues will likely require personal involvement from both leaders. He added that Trump and Xi share a productive working relationship, which could help reignite talks.

Tariffs Remain in Place Despite Legal Pushback
While a U.S. trade court recently ruled that Trump had exceeded presidential authority in imposing many of the tariffs, the federal appeals court overruled the decision less than 24 hours later.
The court has given plaintiffs until June 5 to respond and the government until June 9. In the meantime, Trump’s tariffs will remain in effect while the appeal proceeds.

U.S. Continues Talks With Global Partners Amid Legal Confusion
Despite legal uncertainty, the Trump administration is continuing tariff negotiations with Japan, India, and the European Union. Last week, Trump threatened to impose 50% tariffs on EU goods, only to suspend that threat shortly after.
Bessent stated that partners like Japan remain engaged in good faith, and he is scheduled to meet with a Japanese delegation in Washington this Friday to continue talks.
He also noted that there has been no major shift in trade partners’ positions following the recent court rulings, underscoring the need for clear direction and high-level diplomacy.

Summary:
With talks between Washington and Beijing stuck in neutral, Bessent believes it’s time for President Trump and President Xi to step in directly. Tariffs remain active, markets are volatile, and the U.S. continues trade talks on multiple fronts. For now, all eyes are on the two global leaders to make the next move.

#usa , #china , #TradeWars , #chinavsusa , #TradingCommunity

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🔍 In this article:
🔹 The SEC and Binance have agreed to dismiss a civil lawsuit that has lasted nearly two years

🔹 The decision reflects a broader shift in the SEC's approach to crypto regulation

🔹 The SEC’s newly formed Crypto Task Force may have played a key role in resolving the conflict

🔹 This case joins a growing list of settlements with major crypto firms

After a prolonged legal battle, the U.S. Securities and Exchange Commission (SEC) and Binance have decided to lay down arms. On May 29, both parties filed a joint motion to dismiss the lawsuit that began in June 2023. The move is seen as part of the SEC’s evolving stance toward the crypto industry, one that favors cooperation over confrontation.
The news was reported by journalist Eleanor Terrett, who shared a screenshot of the court filing on platform X. The document names the SEC as the plaintiff and Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings Inc., and Changpeng Zhao as defendants.

Regulatory Shift: The Crypto Task Force Steers Dialogue
The SEC initially filed the civil complaint on June 5, 2023, and later amended it in October 2024. Now, in its May 2025 statement, the Commission declared it believes “a dismissal is appropriate given current circumstances and policy considerations.”
Hints of resolution had emerged earlier—in February and April, both parties asked the court to pause proceedings, signaling behind-the-scenes negotiations.
Crucially, court documents highlight the role of the SEC’s new Crypto Task Force, which was launched in January 2025 by acting SEC Chair Mark T. Uyeda. The group was tasked with drafting a clear, comprehensive regulatory framework for digital assets.

Binance Follows a Trend: SEC Ends Multiple Crypto Disputes
The Binance resolution aligns with a growing trend: the SEC has recently dismissed or settled lawsuits against Coinbase, Kraken, ConsenSys, and Circle, among others.
This wave of settlements indicates a strategic departure from the aggressive enforcement tactics seen during Gary Gensler’s tenure. Rather than confrontational litigation, the agency now appears more open to collaboration and structured regulation.
While many in the crypto community have welcomed the decision, some on X have drawn comparisons to the Ripple case, another landmark legal saga.

Ripple as a Precedent?
The SEC’s lawsuit against Ripple Labs began in December 2020 and only concluded with a $125 million penalty on August 7, 2024. It remains one of the most significant legal battles in crypto history.
Although the SEC’s actions still face scrutiny, the latest developments suggest a more constructive approach may be taking shape.

Summary:
The dismissal of the Binance case signals a possible turning point for how U.S. regulators engage with crypto firms. With a dedicated crypto task force and a growing number of settlements, the SEC seems to be moving toward clarity over confrontation.

#SEC , #Regulation , #Binance , #Cryptolaw , #CryptoNewsCommunity

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📰 In this update:
🔹 India is reportedly preparing to release a key discussion paper on crypto regulations this June.

🔹 The draft draws guidance from IMF and FSB recommendations.

🔹 Meanwhile, the Supreme Court is pressing the government to stop delaying decisions.

🔹 India’s approach lags behind the U.S. crypto-friendly pivot under Trump and the EU’s MiCA rollout.
India appears to be making a long-awaited move in the crypto space. Reports suggest that a discussion paper on cryptocurrency regulation is scheduled for release in June, signaling a potential shift from ambiguous tax policies to more defined legal structures. After years of regulatory silence, this could be India’s most direct signal yet that it's warming up to digital assets—especially as the industry pushes toward new all-time highs (ATHs).

Global Context: Crypto Boom Meets Geopolitical Moves
The recent pro-crypto shift by U.S. President Donald Trump, combined with escalating global trade tensions, has energized digital asset markets. Bitcoin hit a fresh ATH of $111,900 on May 22 before pulling back to $105,000.
While the U.S. and EU accelerate their crypto strategies, India’s delay is becoming increasingly visible. The U.S. Senate under Trump recently passed stablecoin legislation, and the EU is already enforcing MiCA, the most comprehensive crypto law yet.

India’s Crypto Framework May Finally Arrive
The upcoming Indian policy paper is said to be largely informed by joint recommendations from the International Monetary Fund (IMF) and the Financial Stability Board (FSB). It may invite public commentary on how India should respond to international regulatory models and domestic industry challenges.
So far, India’s crypto landscape has remained in a legal gray zone. The 2023 budget introduced a strict 30% tax on crypto profits, effectively discouraging growth while offering no formal recognition. Since then, regulators have required exchanges to register with India’s Financial Intelligence Unit (FIU), while the Reserve Bank of India (RBI) continues to warn of threats like money laundering and terror financing—while promoting its own CBDC as a “safer alternative.”
A senior government official reportedly emphasized that decisions will be made based on national interest, not knee-jerk reactions, given the scale of the sector’s impact.

Supreme Court Pressures Government for Clarity
India’s Supreme Court has grown increasingly impatient. In recent statements, it criticized the central government’s prolonged silence on crypto regulation, warning that this legal vacuum is encouraging abuse and innovation flight. The court noted that while global powers are moving forward, India is still without a clear legal framework.
A new report from Esya Centre, a leading think tank, claims that up to 90% of Indian crypto trading has shifted offshore in response to hostile regulations. Industry leaders warn that the current tax regime is stifling innovation and driving users toward unregulated platforms.
Supreme Court justices Surya Kant and N. Kotiswar Singh recently made it clear that banning crypto is not a solution—but that proper legislation is urgently required.

Crypto Market Update: Global Volatility Returns
As of Friday morning, the global crypto market cap dropped over 3% to $3.31 trillion, while 24-hour trading volume surged to $142.3 billion. Bitcoin has remained 5% down over the past week, despite recent upward momentum.
Meanwhile, Ripple’s XRP, which has been one of the biggest gainers earlier this year, plunged 10% over the same period.

#IndiaCrypto , #CryptoNewss , #bitcoin , #BTC , #Regulation

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Solana (SOL) is standing at a critical juncture. While the price has recently dipped and bulls are struggling to break a key resistance zone, interest in futures trading is soaring. Open interest has reached $7.75 billion, the highest level in four months. Is this the prelude to a bullish breakout—or a warning sign of an upcoming correction?

Solana Hovers Near $180, but Technical Indicators Flash Caution
Since May 23, SOL has dropped by around 7%, falling from a weekly high of $186 to $172. Bulls are facing strong resistance between $174 and $180, and momentum is weakening.
The RSI (Relative Strength Index) has flattened at 46, indicating low buying pressure. Traders appear reluctant to accumulate at current price levels.
The DMI (Directional Movement Index) tells a similar story: the -DI line (seller pressure) is above the +DI line (buyer pressure), showing that bears are still in control. The ADX line is also trending downward, suggesting a weak and indecisive trend.

Key Support Zone and the Bullish Path Forward
Historically, SOL tends to bounce back whenever it enters the $168–169 support zone. If it returns there again, bulls may find another opportunity to regain momentum.
If buyers start accumulating sooner, we could see a retest of the $178 resistance level. A breakout above that could pave the way toward $185, and potentially even toward an ambitious target of $300, as forecasted by top traders.
To confirm this bullish reversal, RSI must rise above 50, and the price must form a higher high.

Open Interest Hits a 4-Month Peak – What Does It Mean?
Open interest for Solana futures hit $7.75 billion on May 29, the highest level since January. This spike signals that traders are increasingly betting on future price moves.
Historically, such elevated open interest levels were seen when SOL was trading near local highs. The current disconnect between rising open interest and a stalled price suggests impending volatility. If SOL makes an unexpected move, this could lead to forced liquidations.
According to Coinglass, most of these futures positions are long, as positive funding rates persisted on May 29. This shows bullish sentiment, but also increases the risk of forced sell-offs if the price turns against them.

Summary: Solana at the Edge – Breakout or Breakdown?
Solana’s market is on edge: open interest is surging, but price action has stalled at resistance. If bulls take charge, SOL could break through $180 and enter a bullish phase. If not, a drop to $168 may be needed before the next major move.

#solana , #CryptoAnalysis , #Altcoin , #sol , #crypto

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Trade relations between the United States and China have taken another blow. After U.S. Treasury Secretary Scott Bessent revealed that negotiations between the two economic giants have been put on hold, global markets turned uneasy—and the crypto sector was no exception. Altcoins in particular came under intense selling pressure, leading the correction across digital assets.

Talks Stalled, Trade War May Reignite
In an interview with Fox Business, Bessent stated that discussions had “somewhat stalled.” Earlier this month, there had been signs of relief as both sides backed off from imposing tariffs over 100% on each other’s goods. However, the latest developments have dampened that optimism.
At the beginning of May, Bessent met with Chinese officials in Switzerland to discuss trade relations. He now suggests that further negotiations might resume “in the coming weeks.”

Legal Twist: Trump Tariffs Reinstated, Market Volatility Returns
Just one day after the U.S. Court of International Trade invalidated Trump-era “reciprocal tariffs” due to presidential overreach, a U.S. appeals court reversed that decision—reinstating the tariffs and injecting new volatility into the markets.
Whether the case will escalate to the U.S. Supreme Court is still unknown. Both parties may request a review, but the court is not obligated to hear the case.

Altcoins Bleed as Market Reacts
The renewed uncertainty surrounding the U.S.-China trade conflict has shaken the crypto market, with altcoins suffering the steepest losses:
🔹 Ethereum (ETH) dropped 3%, erasing weekly gains and falling back below $2,700.

🔹 XRP, Cardano (ADA), and SUI corrected by 3–5%.

🔹 Dogecoin (DOGE) plunged over 8%.
Traditional markets weren’t spared either. Japanese bond yields climbed past 3%, marking a 20-year high.
According to Coinglass, crypto markets saw more than $680 million in liquidations over the past 24 hours, underscoring the scale of the sell-off. Both Bitcoin and altcoins took heavy losses, leaving traders reeling.

🔍 Summary: Geopolitical Pressure Weighs on Crypto
The return of Trump-era tariffs, suspended trade talks, and ongoing legal disputes have created a perfect storm for financial markets—and altcoins are feeling the brunt of it. Unless diplomatic relations between Washington and Beijing stabilize, the crypto market may continue to face downward pressure and heightened volatility.

#TradeWars , #china , #usa , #TradingCommunity , #worldnews

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The legal battle surrounding XRP has taken an unexpected turn as a mysterious figure – Justin W. Keener – returns to the spotlight, once again submitting a request to present what he calls “decisive evidence.” His unusual filing has caught the crypto community and legal observers off guard, sparking new speculation about his motives, credibility, and the potential impact on the long-standing Ripple vs. SEC case.
Keener’s latest motion, filed on May 28, claims to contain information that could dramatically shift the outcome in Ripple’s favor. Whether this is a legitimate breakthrough or a distracting stunt remains to be seen.

Keener's Return: A Legal Threat to Ripple or Just Noise?
Well-known XRP attorney Bill Morgan expressed surprise over the filing, describing it as “emotionally charged” and filled with heavy criticism of the Howey Test, the legal standard used to determine what qualifies as an investment contract in the U.S.

Keener writes in his filing:
“I, Justin W. Keener, am not a party to this case, but I have a vested interest in the outcome for several reasons. By what I can only call a miracle, I am in possession of data and information that I believe is decisive in resolving key issues at the heart of a 10-year nightmare of chaos being unleashed upon unsuspecting American citizens.”

Despite the dramatic tone, legal experts remain skeptical. Marc Fagel, a former SEC lawyer, pointed out that this is not Keener’s first attempt to interfere in the case and noted that the SEC has previously responded to his submissions. He also questioned why Keener still has access to the PACER court system, given the seemingly unauthorized nature of his filings.

Another Attempt at Influence: Will the Court Even Consider It?
Although the court previously rejected Keener’s April 2025 motion to submit “decisive evidence” as “inappropriate,” he has now refiled it. His timing is noteworthy – it comes shortly after the court denied a joint request by Ripple and the SEC for a preliminary ruling and just before the SEC is scheduled to submit a critical update on the case.
Whether the court chooses to ignore or review Keener’s latest motion remains uncertain. In either case, the court’s response and the SEC’s reaction will likely determine if this filing will have any real influence on the case’s trajectory.

Who Is Justin W. Keener? A Controversial Figure with a Legal Past
Keener claims to be the custodian of a unique archive of physical investment contracts, which he believes have been intentionally hidden from the public for the past 50 to 60 years. He suggests these documents could expose long-standing manipulation within the financial system.
However, Keener is far from an impartial whistleblower. In 2020, the SEC charged him with acting as an unregistered dealer of penny stocks. A federal court ordered him to pay $10.2 million in penalties in 2022, stating that from 2015 to 2018, he bought and sold billions of shares of newly issued penny stocks without registering as a dealer or working through a registered broker.

🔍 What Happens Next? Ripple and SEC Brace for Impact
It’s still unclear whether Keener’s latest motion will have any measurable effect on the XRP lawsuit. So far, it seems more like a disruptive sideshow than a genuine legal threat. However, the timing and persistence of his efforts have certainly drawn attention.
Now, all eyes are on the court and the SEC to see how they handle this strange and provocative twist in one of crypto’s most high-profile legal battles.

#SEC , #Ripple , #RippleVsSEC , #Regulation , #Cryptolaw

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The crypto market has taken a major hit in the past 24 hours, with more than $657 million in liquidations. Bitcoin (BTC), Ethereum (ETH), and XRP are among the biggest losers, with prices falling by 3.89%, 4.20%, and 6.49%, respectively. The sell-off was triggered by Bitcoin’s rejection at a key technical level, which intensified selling pressure across the market. Given XRP’s strong correlation with BTC, it followed the downward spiral.

Wipeouts and Liquidations: XRP Loses Millions in Hours
According to VeloData, XRP’s Open Interest (OI) dropped by $140 million over the past 17 hours. This decline suggests that over-leveraged traders were flushed out of the market – which could actually be a positive signal for those who remain, as it clears space for more sustainable moves.

XRP has lost more than 7% of its value in just 12 hours, causing $23 million in long positions to be liquidated. This sharp drop ended an 18-day consolidation phase, forming new lower highs and lower lows – a clear bearish signal.
A falling wedge pattern is now visible on the chart, which typically hints at a bullish breakout. However, due to the intense Bitcoin-led crash, the pattern failed to play out, and XRP continued to slide.

Bottoming Out or More Pain Ahead? Key Support Comes Into Play
This rapid decline has brought XRP back to a crucial support level at $2.139. On May 4, this same level sparked an 18% rally, making it a potential foundation for a rebound. If the selling pressure gets absorbed around this area, XRP might finally find a bottom.
From a purely technical perspective, there is still a glimmer of hope for the bulls. But with Bitcoin's outlook remaining decidedly bearish, XRP’s fate is still hanging in the balance.

All Eyes on Bitcoin: XRP Will Follow If BTC Crashes Further
If Bitcoin fails to hold above $105,000, another sharp correction may follow – potentially dragging BTC down to $100,000. Due to the strong correlation between the two assets, XRP would likely mirror this movement.
In such a scenario, investors should prepare for XRP to retest the psychological support at $2, which could act as a new turning point – or signal deeper losses.

🔍 Summary: XRP Under Pressure, but a Bottom May Be Near
The intensified sell-off has hit XRP hard but also flushed out overleveraged traders. This may open the door for a recovery – if Bitcoin stabilizes. Without that, XRP is likely to continue its downward slide below key levels.

#xrp , #Ripple , #Altcoin , #CryptoNewss , #bearishmomentum

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Crypto trader James Wynn, known for his bold high-leverage bets, has just experienced a dramatic collapse. The man who once turned $500,000 into a jaw-dropping $87 million has now lost nearly his entire fortune after a series of failed Bitcoin trades. As Wynn’s positions were liquidated one by one, an anonymous trader who bet against him walked away with a $17 million profit.

From Crypto Hero to Cautionary Tale: How Wynn Lost It All
James Wynn rose to fame in the crypto world by transforming a modest $500K into tens of millions through aggressive leveraged trading. His bets on meme coins like $PEPE, $TRUMP, and the notorious $FARTCOIN paid off big time. But when he poured everything into long positions on Bitcoin, things took a dark turn.
As BTC’s price dropped below $105,000, Wynn was forced to close all of his positions, suffering a total loss of $99 million in just seven days. The crypto community was left stunned.

Wynn’s Epic Rise and Rapid Fall: A Timeline of His Trades
🔹 March 20 – May 23: Wynn’s 10x long on $PEPE earned him nearly $24 million in unrealized profits.

🔹 His long position on $TRUMP brought in $6.83 million in realized gains.

🔹 Another $4.48 million came from $FARTCOIN.

🔹 May 22: His massive BTC position worth $1.14 billion saw an unrealized gain of $39 million – it looked like nothing could go wrong.
But within days, everything unraveled.

Seven Days of Disaster: The Collapse of James Wynn
🔹 May 24: Wynn doubled down, increasing his BTC long position to $1.25 billion – but within hours, it incurred an unrealized loss of $13.4 million.

🔹 May 25: He flipped to a short position worth $1 billion, but that backfired too – he lost $15.87 million in just 15 hours.

🔹 May 30: BTC dipped below $105K, triggering the liquidation of 949 BTC – worth $99.3 million. Game over.
Bitcoin’s volatility surged as U.S. courts revisited Trump’s tariffs. According to Coinglass, total BTC long liquidations surpassed $200 million in just 24 hours.

While Wynn Burned, Address 0x2258 Made Millions
Just 17 hours before the final liquidation, Wynn boldly declared, “The comeback will be massive.” But reality had other plans – his final position was wiped out. Meanwhile, a trader known only by wallet address 0x2258 had been doing the opposite of Wynn all along.
By consistently taking the opposite side of Wynn’s trades – going short when Wynn went long, and vice versa – this anonymous trader netted $17 million.
According to LookonChain, 0x2258’s strategy paid off handsomely, making him the silent winner of this turbulent week that showed just how brutal the crypto market can be.

Final Thoughts: Strategy or Pure Gamble?
James Wynn’s story is a striking example of how quickly fortunes can be made – and lost – in the crypto world. High leverage brings sky-high rewards but comes with devastating risks. As one trader’s empire crumbled, another built his fortune on its ruins. In crypto, anything can happen – the real question is: who’s learning the lesson?

#bitcoincrash , #cryptolosses , #CryptoRisks , #CryptoNewss , #CryptoWhale

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Nearly 91% of validators on the Sui blockchain have approved a recovery proposal aimed at addressing damages from the recent hack of the decentralized exchange Cetus. The initiative will securely transfer affected funds into a multisig wallet, paving the way for user reimbursements.

✅ Strong Consensus Ends Voting Early
An on-chain vote involving validators and stakers was closed several days ahead of schedule due to overwhelming support. Over 90% of voters backed the protocol update, which allows the transfer of frozen funds into a jointly managed multisig wallet.
Voting power was determined by the amount of stake each participant held. Notably, the Sui Foundation abstained from voting to maintain fairness in the governance process.

🔄 Multisig Wallet: The Key to Restitution
The locked funds will be moved into a multisig wallet governed by three trusted entities: Cetus, the Sui Foundation, and security firm OtterSec. Their role is to safeguard the assets until they can be fairly redistributed to affected users according to the recovery roadmap.

🔧 Cetus Releases Transparent, Audited Recovery Plan
Cetus has revealed its post-hack strategy. Once the protocol update is complete, the following steps will be taken:

🔹 Assess liquidity losses across affected pools

🔹 Carefully convert assets to reduce further market disruption

🔹 Launch a new, security-enhanced CLMM contract

🔹 Deploy a compensation mechanism for liquidity providers
All new contracts will undergo independent auditing before going live. Cetus is also preparing to restart the protocol, which will allow users to access their funds—with some pools potentially restored within days.

🤝 Community-Led Crisis Management
The Cetus recovery process showcases effective decentralized governance in action. The Sui Foundation praised validators and stakeholders for their rapid response and transparent collaboration during the crisis.
“Regardless of your vote, your participation is a step forward toward resolution and a shared future,” said Cetus representatives.

#sui , #Cetus , #CryptoNewss , #SuiNetwork , #CryptoHack

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