According to recent updates from COINOTAG, the Bitcoin network has encountered a significant event as of May 22. Mempool data indicates a remarkable transaction was processed, characterized by an astounding
Market might surge even higher than many might think
Key Takeaways: U.S. spot Bitcoin ETFs recorded $609 million in net inflows on Wednesday as BTC hit a new all-time high above $111,000. BlackRock’s IBIT led daily inflows, while total ETF trading volume reached $7.64 billion. Weekly crypto inflows hit $785 million, driven by Bitcoin and Ethereum, pushing 2025’s total to $7.5 billion. U.S. spot Bitcoin exchange-traded funds posted $609 million in net inflows on Wednesday, marking six consecutive days of positive flows as Bitcoin surged to a new all-time high above $111,000 . The inflows tracked closely with Bitcoin’s breakout past its previous high of around $109,000. According to CoinMarketCap, the asset hit a record $111,861 in the past 24 hours, driven largely by institutional interest and ETF-driven demand. BlackRock’s IBIT Lead in terms of Inflows BlackRock’s IBIT led the day with $530.6 million in net inflows. Fidelity’s FBTC, Bitwise’s BITB, and the Grayscale Mini Bitcoin Trust also reported strong activity, each pulling in over $20 million. Spot ETFs from VanEck, Ark & 21Shares, and Valkyrie saw smaller but still positive flows, according to SoSoValue . Collectively, the 12 spot Bitcoin ETFs recorded $7.64 billion in trading volume on Wednesday, their highest since February 25. May inflows have reached $4.24 billion, pushing total net inflows since launch to $43.38 billion. Last week, digital asset investment products saw $785 million in inflows, marking the fifth straight week of gains and pushing year-to-date inflows to $7.5 billion—surpassing the previous peak set in February. Inflows were led by the U.S., Germany, and Hong Kong, while Sweden, Canada, and Brazil reported modest outflows. Bitcoin led with $557 million in inflows, though slightly down from the prior week, while short-bitcoin products also saw modest gains. Ethereum drew $205 million (the highest among altcoins) boosted by positive sentiment after the Pectra upgrade and leadership changes. Bitcoin Primed for Next Leg Higher as Liquidity and Yields Align, Says Hyblock Capital Bitcoin has entered price discovery after surpassing its previous all-time high, and market conditions suggest the rally may be far from over. According to Hyblock Capital’s latest analysis, elevated U.S. Treasury yields and record liquidity levels are creating a powerful backdrop for further upside. Hyblock’s “Combined Books” metric—which tracks limit orders within 10% of spot price—is now in the 98th percentile over the past 90 days. Open interest across major exchanges has also surged, sitting in the 96th percentile. Together, these signals point to a market loaded with liquidity and primed for a breakout. btc hit a new all time high today. On the 3 month lookback, we've only seen short liquidity build above. and btc has been hunting this liquidity over and over. Most recently, there is another short liq zone that has opened. Even more interesting is the fact the just 31.59% of… pic.twitter.com/cVE5QxXy2x — Hyblock (@hyblockcapital) May 21, 2025 “From a technical perspective, the most reliable support band lies between $101k and $102.5k, where both Binance and Bybit have repeatedly seen heavy open interest entries that trap shorts and attract fresh longs,” Shubh Varma, CEO of Hyblock Capital, said in a note shared with Cryptonews.com. He added that flow signals are also crucial. Hyblock’s cumulative volume delta (CVD) data shows that a breakout above +$250 million, especially if retail long positions stay below 35%, may confirm bullish continuation. On the other hand, dips below –$500 million in CVD with elevated retail longs have historically marked reversal zones. Rate Cut Expectations and Persistent Inflation Reinforce Bitcoin’s Appeal as a Hedge Ryan Lee, Chief Analyst at Bitget Research in a statement to Cryptonews also noted that macro factors are playing their part in reinforcing Bitcoin’s appeal as a hedge against inflation. He noted: Macro conditions are doing their part. Rate cut expectations and persistent inflation reinforce Bitcoin’s appeal as a hedge, with many eyeing $113,000 as a realistic near-term target by June 2025. He further added that Bitcoin’s history shows us that sharp rallies often invite sharp corrections. A stronger U.S. dollar or fresh geopolitical tensions could easily knock momentum off course. The post Spot Bitcoin ETFs Record $609M Inflows in Sixth Straight Day of Gains as BTC Hits $111K appeared first on Cryptonews .
Justin Sun –co-founder of TRON , billionaire, and collector of fine arts was revealed as the biggest holder of President Trump’s memecoin, earning him the top spot at Trump’s crypto dinner. Justin Sun owns 1.4 million TRUMP tokens, amounting to around $19 million. There was much speculation as to the identity of the top holder of the memecoin TRUMP. The crypto dinner was arranged for top holders to converse with the president. The dinner is considered controversial because it appears that Trump is using his position in office to enrich himself financially. Sun described himself as a top fan of Donald Trump. The meme coin dinner will be held at Trump’s DC golf course, and the top 220 meme coin holders will be invited. Sun is looking forward to the event and said it will be a good opportunity to connect with everyone and discuss the future of cryptocurrencies. The TRUMP meme coin website ranked the top holder as “Sun.” However, until now, there has been no confirmation that the name referred to the billionaire Justin Sun. Sun has also invested $75 million into World Liberty Financial, a Trump-linked blockchain, described by Trump’s sons as a decentralized bank that will improve access to financial services. Sun, therefore, has invested over $90 million into the Trump empire, taking into account the recent memecoin dinner that costs around $19 million. World Liberty Financial is heavily associated with the Trump family, with 75% of the proceeds going to Trump-owned businesses. Sun, who co-founded the TRON blockchain ecosystem, was born in China and was hand-picked by Jack Ma to attend his elite university for entrepreneurs. The memecoin dinner has been blasted by critics, particularly Democrats, who see the TRUMP dinner as a blatant form of corruption. The Trump administration has been very supportive of the crypto industry. The SEC has dropped many high-profile cases, such as those against Ripple Labs and Coinbase. Many cases are being dropped, with the recent repositioning of the American justice system. Sun may use the opportunity to talk about regulatory changes. There are many opportunities for crypto businesses to take advantage of the changing attitude towards cryptocurrencies. American regulators charged Sun in 2023 with market manipulation and offering unregulated securities. Local news outlets also allege that the FBI was investigating Sun. These efforts by American law enforcement would have prevented Sun from attending the memecoin dinner. The TRUMP meme coin ranked the top holders to ascertain who would get access to the meme coin dinner. The top coin belonged to the exchange HTX. However, it was further speculated that the wallet belonged to Justin Sun because it was labeled “Sun.” Justin Sun acts as an advisor for the HTX exchange. It is now confirmed that Sun is the owner of the TRUMP address. The meme coin was released in January. Sun, who initially purchased 800,000 TRUMP tokens, now owns around 1.4 million TRUMP tokens.
Shiba Inu shows a strong recovery, building investor confidence. The price and volume surges indicate potential new upward trends. Continue Reading: Shiba Inu Bounces Back Strongly with Institutional Support The post Shiba Inu Bounces Back Strongly with Institutional Support appeared first on COINTURK NEWS .
The post Binance to List World Liberty Financial USD (USD1) appeared first on Coinpedia Fintech News Binance will list World Liberty Financial USD (USD1) on May 22, 2025, at 12:00 UTC. The exchange will open the USD1/USDT spot trading pair. USD1 is a US dollar-backed digital asset created by World Liberty Financial (WLFI). It is issued and managed by BitGo Trust Company, offering users a secure and stable digital currency option. This listing marks a new opportunity for traders seeking reliable stablecoin options on Binance.
SafeMoon CEO found guilty of fraud, siphoning millions while misleading investors about locked funds.
The cybercriminal responsible for a theft campaign against Coinbase users has taunted on-chain investigator ZachXBT through an input data message on the Ethereum blockchain, Wednesday evening. The incident comes ten days after Coinbase disclosed the security breach, which reportedly compromised over 69,000 accounts. The mocking message was embedded in an Ethereum transaction, in which the attacker used the blockchain to send a short taunt, writing, “L bozo,” a slang phrase intended to ridicule ZachXBT by implying he had taken a loss. IDM Message posted by Coinbase hacker. Source: Etherscan The message also included a link to a YouTube meme video featuring NBA Hall of Fame James Worthy smoking a cigar to provoke the crypto sleuth. The interaction was first revealed by ZachXBT himself through his Telegram channel “Investigations.” He identified the attacker as the same entity behind a major breach at Coinbase, which exposed the personal data of thousands of users. Hacker identified in Coinbase breach As reported by Cryptopolitan on May 21, Coinbase acknowledged that the December 2024 security incident had affected approximately 69,461 customers. The breach was discovered on May 11, 2024. According to a filing submitted to the Maine Attorney General’s office, the company confirmed that personal data was exfiltrated. ZachXBT’s analysis connected the hacker behind the Ethereum taunt with the perpetrators of the Coinbase hack. Shortly after the breach disclosure, the attackers reportedly demanded a $20 million ransom in Bitcoin, threatening to release the stolen data on the dark web unless their terms were met. Coinbase refused to pay, opting instead to offer the same amount as a bounty for information leading to the arrest of the attackers. If you or someone you know were affected by this hack, please read my post to find a template you can use to start gathering information to build your case. Crypto gets a bad name from events like this, so we need to stand up for our friends and family and help make things… https://t.co/DIteoCHE1N — Ibrahim Ahmed (@atbeme) May 17, 2025 Meanwhile, unconfirmed sources have revealed that the individual also began liquidating stolen assets, converting 17,800 Ether (ETH) into $44.94 million worth of DAI stablecoins within a two-hour window, on Tuesday. The transactions were funneled through THORChain, a decentralized exchange protocol that allows cross-chain swaps without relying on centralized intermediaries. According to blockchain data, the hacker executed the swaps at an average price of $2,528 per ETH. One transaction saw 9,080 ETH exchanged for approximately $22.82 million in DAI. Coinbase struggles with financial and reputational damage The fallout from the breach has thrown Coinbase’s security reputation into question, clouding its entry into the S&P 500 index last Monday. The company is now facing a potential financial impact estimated between $180 million and $400 million. The costs are expected to arise from remediation efforts, infrastructure upgrades, and possible compensation to affected customers. COIN shares closed at $258.97 on Wednesday, a downtick of $2.41, or 0.92%, from the previous trading session. The stock has also fallen steeply in recent weeks, posting a 36.3% loss over the past month. Users are blaming Coinbase for its “sluggish” internal security protocols, particularly after revisiting chatter about the early warnings it received last year. Cybersecurity experts reportedly alerted the crypto exchange in December about suspicious activity targeting its clients. Similar threats target Binance and Kraken Five days after Coinbase filed their data breach report, Binance and Kraken, two other cryptocurrency exchanges, were also recently targeted in similar social engineering campaigns. These attacks also involved threat actors posing as users and attempting to bribe customer support agents. According to a May 16 Bloomberg insight , the attackers provided detailed instructions for further contact via Telegram. Both Binance and Kraken successfully thwarted the attempts. At Binance, artificial intelligence systems detected suspicious messages related to bribery. The exchange enforced policies that restricted access to customer information unless initiated by the client to prevent any exposure of user data. Kraken similarly reported no loss of customer data from the incident. KEY Difference Wire helps crypto brands break through and dominate headlines fast
In a recent development surrounding the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), legal commentator Ashley Prosper has outlined specific circumstances under which Judge Analisa Torres may choose to withdraw her previous decision in the case. Judge Torres recently declined a joint request from both Ripple and the SEC seeking an “indicative ruling” that would permit settlement discussions to proceed based on revised terms. The proposal aimed to replace the previously ordered $125 million penalty and permanent injunction against Ripple with a significantly reduced $50 million fine and no injunction. Her rejection of the motion was not based on the content of the agreement but rather on procedural deficiencies in the request submitted to the court. While the parties are anticipated to file a corrected version of the motion shortly, Prosper has suggested that certain high-level interventions or disclosures could alter the trajectory of the case, potentially leading Judge Torres to vacate her prior judgment. Circumstances That Could Justify a Reversal According to Prosper, one possibility is the submission of confidential evidence showing that XRP holds strategic relevance to the federal government. This may include classified documentation from agencies such as the U.S. Treasury or the Department of Justice (DOJ). #XRP #XRPCommunity What Could Force Judge Torres to Vacate her Judgment? A. Classified or Confidential Federal Interest If either the SEC or Ripple presents sealed evidence (e.g., ex parte communications from the U.S. Treasury, Fed, or DOJ), Judge Torres would be required to… — Ashley PROSPER (@AshleyPROSPER1) May 21, 2025 For instance, internal memos indicating XRP’s potential role in a proposed national digital currency infrastructure, or security assessments warning that the continuation of the lawsuit could negatively affect financial or diplomatic stability, could compel the court to reconsider. Such materials would likely be presented under seal due to their sensitive nature. Prosper noted that courts sometimes adjust or vacate rulings when matters of national interest are credibly demonstrated, particularly if high-ranking government agencies are involved. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Executive Branch Involvement Could Influence Outcome Another pathway to reconsideration, Prosper added, would be direct involvement from the federal executive branch. If entities like the Treasury Department or the Federal Reserve were to submit an amicus curiae brief urging the court to reconsider its position, this could introduce significant legal weight. These agencies might argue that XRP plays a critical role in the national or international financial system. Prosper further explained that the court could apply the principle of Chevron deference, which allows judicial bodies to give weight to federal agencies’ interpretations of ambiguous legislative provisions, especially in matters falling within their expertise. Although infrequent, similar interventions have led to judicial reversals in past financial and regulatory cases. Implications and Community Response If either classified documentation or federal agency participation redefines XRP as essential to government financial strategy, Judge Torres could vacate her original ruling. Such a decision could mark a shift in how XRP is legally classified and utilized, potentially positioning it as a key tool in national financial infrastructure rather than a conventional crypto asset. Nevertheless, some voices within the cryptocurrency community have expressed skepticism, arguing that the scenarios proposed are largely speculative and improbable. Despite this, Prosper maintains that these legal avenues remain viable, depending on the direction taken by both Ripple and the U.S. government in the coming months. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple (XRP) vs SEC: Expert Details What Could Force Judge Torres Reverse Verdict appeared first on Times Tabloid .
Bitcoin is on the verge of confirming a powerful golden cross pattern, which could set the stage for a breakout rally toward the $150,000 mark. Bitcoin ( BTC ) surged to a new all-time high of $111,544 on Thursday, May 22, afternoon Asian time, breaking past its previous record of $109,400 from just the day before. This new high marks a 48% jump from the April 7 low of just under $75,000, making it the second all-time high for BTC in 2025. Alongside the price surge, Bitcoin’s market cap hit $2.2 trillion, while its realized cap also reached a new peak at $915 billion, highlighting how much value is flowing into the network. A sharp uptick in trading activity has driven the rally. CoinGecko data shows 24-hour volume surged to $73.7 billion, compared to $50 billion on Wednesday and $40 billion on Tuesday. That’s a noticeable jump, especially considering that earlier this month, daily volume had fallen below $30 million, its lowest since February. BTC’s futures open interest also hit a fresh record of $81.35 billion, up sharply from the $46 billion level seen in early March. That signals growing confidence from institutional and leveraged traders. You might also like: Bitcoin reaches new all-time high above $111K as macro tailwinds drive safe-haven demand Earlier this year, BTC faced strong headwinds as it tumbled more than 30% from January’s high of $109,588, bottoming below $75,000 in early April. That correction came shortly after President Trump hinted at new tariffs on major U.S. trading partners. But sentiment improved mid-April, especially after the U.S. reached fresh trade agreements with several nations. Another major factor driving the surge is the continued demand from U.S. spot Bitcoin ETFs, which have seen over $7.4 billion in net inflows over the past five weeks, including $609 million just on Thursday. This has been backed by Bitcoin’s growing role as a treasury asset, prompting a wave of public companies to load the flagship crypto onto their balance sheets. Strategy, for example, has continued its aggressive accumulation , now holding over 2.7% of all Bitcoin in circulation. BTC technicals flash bullish patterns On the 1-day BTC/USDT chart, Bitcoin has flipped the 21-day EMA into support after weeks of acting as resistance. More importantly, the 50-day SMA (blue) just crossed above the 200-day SMA (green), forming the highly watched golden cross pattern. Historically, BTC rallied over 37% in just 3 months following a similar pattern in October 2024. BTC 50-day and 200-day SMA chart — May 22 | Source: crypto.news On the weekly chart, BTC has also broken out of a bull flag pattern, a classic bullish continuation setup where the price consolidates downward after a strong upward move. BTC has broken out of a falling wedge pattern on the weekly chart | Source: crypto.news The measured target of this breakout points toward $150,000, matching projections based on the flagpole height added to the breakout zone. If the golden cross plays out fully, the next realistic stop could be around $153,600. Veteran trader Peter Brandt acknowledged BTC’s new highs but reminded followers that hitting all-time highs is just what bull markets do. In an earlier May 1 X post , he predicted that Bitcoin could reach the bull market cycle top in the $125k to $150K level by Aug-Sep 2025, although he warned of a possible 50% correction afterwards. Meanwhile, analyst Gert van Lagen is far more bullish, predicting BTC could reach $300K to $320K by the end of the bull cycle. He based his outlook on a breakout from a 4-year Megaphone Pattern, which features widening price swings and often precedes sharp moves upward. Short-term risks still in play Despite the overwhelming bullish momentum, a short-term pullback can’t be ruled out. BTC’s RSI and Stochastic Oscillator have both entered overbought territory, indicating the rally may be due for a pause or short-term consolidation. BTC 21-day EMA and RSI chart — May 22 | Source: crypto.news If that happens, Bitcoin could briefly fall toward its support zone near $93,500, which lines up with its simple moving average supports. So, while a run toward $150K looks increasingly likely, it may not happen in a straight line. A short-term correction could offer a healthier setup for long-term gains. Read more: Why did Bitcoin just hit an all-time high? Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.