At least one partner at Sequoia Capital was reportedly impacted by the recent data breach among Coinbase users, suggesting that data from others at the venture capital firm may also have been compromised. According to a May 16 Bloomberg report, Sequoia Capital Managing Partner Roelof Botha’s personal information available through his Coinbase account was stolen after a group of cybercriminals bribed the exchange’s support agents for access to user data. Though Botha had not publicly disclosed his net worth, estimates suggested he had hundreds of millions of dollars in assets. Coinbase disclosed the data breach in a May 15 blog post, saying that some of its users had been targeted with social engineering attacks after the criminals had access to their personal account information. The company said the group attempted to extort $20 million in exchange for not disclosing the breach, which Coinbase rebuffed. Though the extent of the breach was still unknown, another Bloomberg report suggested that the same type of attacks targeted users at Kraken and Binance. Cointelegraph reached out to representatives from both exchanges but had not received any response at the time of publication. This is a developing story, and further information will be added as it becomes available.
MAGACOINFINANCE Enters New Stage as Market Momentum Accelerates MAGACOINFINANCE has officially entered its latest growth phase, and analysts are calling it one of the most critical developments in the 2025 altcoin cycle. With a sharp uptick in both participation and investor attention, this once-niche political meme token is quickly evolving into a full-fledged altcoin phenomenon. The new stage of the pre-sale didn’t arrive quietly—it broke through with significant traction. Earlier stages sold out faster than projected, and the current phase is already drawing inflows from both retail buyers and crypto analysts who view MAGACOINFINANCE as a central figure in Q2’s bullish altcoin narrative . STAGE ALMOST FULL — ACT NOW Why Analysts Are Watching This Stage Closely Each new pricing tier in MAGACOINFINANCE ’s pre-sale represents more than a price hike—it introduces a carefully engineered shift in token distribution and buyer incentives. As prices rise and bonus supply narrows, analysts say the model is successfully creating urgency without relying on hype. This latest stage follows strong momentum: Over $8 million raised 20,000+ holders confirmed A visible surge in traffic across Telegram, Twitter/X, and YouTube coverage Unlike many meme coins that spike and fade, MAGACOINFINANCE has maintained a steady pace, drawing attention for its structure, staying power, and ability to convert narrative into traction. Forecasting a 25x–35x ROI as Pre-Listing Sentiment Grows What’s pushing investor interest even further are the projected returns. With the final listing price set at $0.007 , analysts see MAGACOINFINANCE still offering 25x to 35x upside , depending on entry point and launch conditions. Some forecasts stretch even higher, citing 5,000%+ ROI potential if broader market strength continues and key partnerships are confirmed. The difference with MAGACOINFINANCE is that these projections are rooted not in vaporware promises, but in sharp market design, cultural relevance, and growing demand. Where others lean on influencer-driven FOMO, MAGACOINFINANCE is building a base through politically charged virality and scarcity mechanics—both of which have historically triggered breakout phases for meme-sector tokens. CLICK HERE – ROI TARGET: 18,500% AND COUNTING Conclusion: The Window Is Narrowing Fast This new stage isn’t just a milestone—it’s a turning point. Prices are climbing. Bonus opportunities are narrowing. And those tracking altcoin rotations know this is the moment that often defines ROI outcomes. With momentum behind it and visibility rising across every key community channel, MAGACOINFINANCE is fast becoming the breakout name of 2025. Analysts aren’t just watching it—they’re highlighting it as the frontrunner for Q2’s altcoin surge. LIMITED TIME OFFER — GET 50% EXTRA BONUS WITH MAGA50X To learn more about MAGACOINFINANCE , please visit: Website : https://magacoinfinance.com Twitter/X : https://x.com/magacoinfinance Continue Reading: MAGACOINFINANCE Just Hit New Stage – Why Analysts Now Say It’s Fueling 2025 Altcoin Cycle
Eric Trump, speaking at the Consensus 2025 conference in Toronto on May 15, painted a picture of a world scrambling for Bitcoin. He said he hears the same thing everywhere he goes—on planes, in boardrooms, even from big state funds. His comments came as he joined Hut 8 CEO Asher Genoot on a panel about where Bitcoin is headed next. Related Reading: XRP Frenzy Builds: Over $1 Billion in Open Interest Signals Breakout Tension Global Bitcoin Hunt According to Eric Trump, “Everybody in the world is trying to hoard Bitcoin right now.” He added that sovereign wealth funds and the wealthiest families are all in on the rush. He even mentioned hearing the buzz from some of the world’s largest companies. His point: Bitcoin isn’t just a niche play anymore. It has moved into heavy‑duty territory where major players compete for every last coin. Major Mining Merger Based on reports, American Bitcoin—a unit co‑founded by Eric Trump and his brother and owned by Hut 8—struck a deal on May 12 to merge with Gryphon Digital Mining. The structure is an all‑stock exchange, meaning shareholders of both firms will wake up next year with shares in the same new company. The partners say that this combined group will list on Nasdaq in Q3 2025, opening the doors for regulated markets to tap into mining profits without holding Bitcoin directly. Shares Jump After Deal Investors reacted fast. Gryphon’s stock jumped over 200% after news of the merger hit, and Hut 8 also saw gains. That kind of move tells you how hungry Wall Street is for anything tied to the next Bitcoin halving cycle. Mining companies tend to gear up for halving‑driven scarcity. By merging, these two hope to share resources, boost hash power, and raise their profiles before the reward cut in 2024 pushes prices up. Related Reading: Analysis: Crypto Heats Up As $35 Billion Enters Market In Under A Month Political Pushback Grows Not everyone is on board. A group of House Democrats walked out of a digital assets hearing earlier this month, upset that questions about ethics slipped by. On May 13, Senate Democrats sent a letter urging US President Donald Trump to unload all cryptocurrency stakes, including stablecoins tied to hard assets. They’re worried about conflicts of interest if the White House can tweak rules that affect family ventures. One watchdog group, State Democracy Defenders Action, says crypto holdings make up about 40% of the Trump family’s worth, which is close to $3 billion. Featured image from Unsplash, chart from TradingView
Steak 'n Shake's Bitcoin adoption may accelerate crypto integration in mainstream commerce, appealing to tech-savvy consumers and boosting innovation. The post Fast-food giant Steak ‘n Shake debuts Bitcoin payments via Lightning Network appeared first on Crypto Briefing .
Jerome Powell has told the Federal Reserve to start cutting jobs. In a memo obtained by Bloomberg , Powell said the central bank will lower its workforce by 10% over the next two years. That would mean reducing its nearly 24,000 employees to under 22,000, using what he called a “voluntary deferred resignation” offer for certain older employees who are eligible to retire by 2027. “Experience here and elsewhere shows that it is healthy for any organization to periodically take a fresh look at its staffing and resources,” Powell wrote . He said this isn’t the first time the Fed has made such changes and added that leadership across the system has been told to find ways to merge roles, update workflows, and “ensure that we are right-sized and able to meet our statutory mission.” The planned reduction is happening as the Trump administration, now back in the White House, is demanding cost-cutting from every federal agency. The White House campaign to slash expenses has been led by Elon Musk, who was put in charge of the Department of Government Efficiency . Elon previously called the Fed “absurdly overstaffed.” Powell didn’t mention Musk or the department by name, but the alignment is obvious. Powell warns of tougher economic conditions ahead During the Thomas Laubach Research Conference in Washington, Powell also spoke on current economic shifts and what they mean for future Fed policy. He warned that longer-term interest rates may have to stay higher than what markets had gotten used to during the previous decade. “We may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for the economy and for central banks,” Powell said in prepared remarks. He pointed out that the central bank’s job is going to be harder in an environment where inflation could swing more wildly and unpredictably than it did during the 2010s. The Fed held interest rates near zero for seven years after the 2008 financial crisis, but those days are over. Powell made it clear that those ultra-low rates are not coming back anytime soon. Since December 2024, the Fed has kept its benchmark lending rate in a range between 4.25% and 4.5%, and it currently sits around 4.33%. Although Powell did not refer directly to Donald Trump’s tariffs in his remarks, he has recently said that tariffs could lead to slower growth and higher inflation. Still, he admitted that the overall impact is hard to measure—especially since Trump just paused the more extreme tariffs during a 90-day negotiation window. That uncertainty leaves the Fed stuck between trying to cool inflation and not tank the labor market. So far, Powell has shown no appetite to lower rates again after the full percentage point cut last year. Fed reopens policy review after 2020 misfires Beyond rates and staffing, Powell also said the Fed is reopening its policy framework review, a process that guides how the bank makes decisions. This review, which was last completed in 2020, will cover how the Fed communicates future plans, as well as what it missed the last time around. The last review led to the adoption of the flexible average inflation target. It was supposed to let inflation rise above the 2% mark for a while, to help boost employment. That plan was short-lived. When the COVID pandemic hit and prices started rising fast, the Fed was forced to start hiking rates instead. Now, Powell says the new review will look at how the Fed evaluates shortfalls in inflation and job growth—especially when they fall below targets. He acknowledged that mistakes were made. In 2021, Powell and other officials dismissed rising prices as “transitory,” blaming the pandemic’s effects. That judgment call backfired. Even worse, some current Fed officials have said that the 2020 framework didn’t even influence their decisions. They kept rates low even when inflation was clearly getting out of hand, but not because of any formal rulebook—they just underestimated what was happening. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
More on Coinbase Crypto Market Today: BTC-USD Consolidation And XRP-USD Potential Breakout Ethereum May Be Starting A New Secular Bull Phase Bitcoin Is In Its Own Lane: A Deep Dive Into Its Surging Relative Strength Bitcoin to rise W/W as market sentiment improves on U.S.-China trade talks, soft inflation data Crypto is 'rat poison' - Kolanovic
Trump-backed World Liberty Financial fund makes a surprise $2.99M EOS acquisition ahead of its rebrand to Vaulta. EOS price jumps over 11% after the purchase, testing key Fibonacci levels with high BoP and MACD momentum. Vaulta aims to reinvent EOS as a Web3 banking powerhouse with new partnerships and a full token swap by May 2025. EOS captured financial headlines this week after World Liberty Financial (WLFI), a crypto fund reportedly linked to Trump interests, invested $2.99 million to acquire EOS tokens. This transaction marks WLFI’s inaugural investment in the digital asset. The purchase of the BNB Smart Chain version of EOS was reportedly carried out via PancakeSwap at an exchange rate of $0.82 per token. This strategic acquisition occurs just before EOS undertakes a significant rebranding initiative to transform into Vaulta, a platform designed to focus on Web3 digital banking. 时隔 2 个月，特朗普家族支持的 DeFi 项目 WLFI 再次进行了代币购买：一个半小时前使用 299.6 万 USDT 购买了 363.6 万枚 $EOS ，购买价格 $0.824。 地址链接 ： https://t.co/kLnqMV3dmf 到目前为止，WLFI 投资组合总共是花了 3.… The post EOS Rebranding To Vaulta Attracts $2.99 Million from Trump-linked World Liberty Financial appeared first on Coin Edition .
Following a data breach, Coinbase delists five more assets after earlier MOVE suspension
A critical development has occurred in the long-running litigation between Ripple and the U.S. Securities and Exchange Commission (SEC). Judge Analisa Torres rejected the settlement plan that was presented between the parties. Fox Business reporter Eleanor Terrett reportedly described Judge Torres as taking a “tough stance” in her assessment of the development. After interviewing three legal sources and participating in a live analysis by attorney John E. Deaton, Eleanor Terrett commented: “Judge Torres is taking a serious tone here, not wanting the parties to simply agree to drop the case; he’s pushing them to really work through the process.” According to Deaton’s analysis, from Torres’ perspective, the SEC has stuck to the narrative and legal strategy it has developed over the last five years, which has involved thousands of hours of litigation and legal work. But now Judge Torres is questioning the SEC’s decision to backpedal in a way that would render that process ineffective. According to Terrett, although Torres denied the parties’ initial request, he provided a clear path forward if the SEC and Ripple could prove, in accordance with legal standards, that the decision to withdraw was in the public interest and XRP’s institutional investors’ best interest. Related News: Analysis Company Reveals: “This Signal Could Indicate the Beginning of an Altcoin Bull Run” Ripple Chief Legal Officer Stuart Alderoty stated that Ripple will re-evaluate this issue with the SEC. Terrett added on this point: “This is a very unusual situation because they have been on completely opposing sides for almost five years. If the parties do their due diligence, it remains to be seen whether Judge Torres will relent or whether he will turn this into a more ‘political’ fight.” *This is not investment advice. Continue Reading: Why Did the Judge Reject the Settlement in the Ripple-SEC Case? Three Legal Sources Respond
The SEC hacker who pumped the Bitcoin price with a fake post gets 14 months behind bars