On May 22nd, COINOTAG reported that trader James Wynn has significantly bolstered his Bitcoin long position, now valued at approximately $720 million. This strategic move reflects Wynn’s confidence in the
Dogecoin has seen strong price action as crypto markets recover and key network metrics indicate rising trader interest. Dogecoin (DOGE) has gained momentum, supported by bullish trends in the broader crypto market and growth in several network indicators. On Thursday, May 22, Dogecoin traded at 0.2410 dollars, up 6 percent over the past 24 hours. The rally coincided with a spike in social media interest for Dogecoin, as traders once again express bullish sentiment. Among them is crypto trader and analyst Ali Martinez, who noted that Dogecoin may be on the verge of a potential breakout to 0.31 dollars. #Dogecoin $DOGE appears to be breaking out of a bull pennant, which suggests a target of $0.31! pic.twitter.com/Hbzuwd7Akk — Ali (@ali_charts) May 22, 2025 Additionally, Dogecoin’s price has formed a head and shoulders pattern , a classic technical formation that often signals an upcoming breakout. The pattern, which developed over several weeks, pushed Dogecoin as high as 0.25 dollars. The asset now appears to be retesting support, with a potential upside target of 0.30 dollars. You might also like: Nasdaq-listed Heritage Distilling accepts Bitcoin and Dogecoin in new treasury strategy Why is Dogecoin up on 6%? Dogecoin’s rise partially reflects momentum across the crypto market. On the same day, Bitcoin broke to a new all-time high of 111,861 dollars. Most of the top 100 crypto assets were trading in the green, with several posting double-digit gains. Beyond market-wide trends, Dogecoin is also benefiting from strong technicals and improving on-chain metrics. Notably, whales continue to accumulate the asset. Addresses holding between 1 and 10 million Dogecoin have added about 800 million tokens since the start of May. Network activity has also surged. Active Dogecoin addresses rose by 990 percent over the past week. This sharp uptick came as Coinbase issued a wrapped version of Dogecoin, known as cbDOGE, on the Base network. This new version enables users to stake, trade, and lend their Dogecoin tokens on Base-based decentralized finance platforms. Traders are also speculating on the potential approval of several Dogecoin exchange-traded funds, including proposed offerings from Grayscale and Bitwise. This has contributed to a growing bullish outlook among investors. Read more: Dogecoin price prediction: Futures demand and ETF momentum build case for $1
Every time this happened in Shiba Inu's (SHIB) price history, summer followed with losses
Would you eat a billion dollars worth of pizza?
Determined to supercharge liquidity, Sonic Labs officially announced GSR as the designated market maker for its native S token on May 22, betting that fresh muscle will revive its DeFi ambitions. We're pleased to welcome @GSR_io , a globally recognized trading firm, as an official market maker for $S . Beyond liquidity, GSR is backing builders and fueling DeFi growth across the Sonic ecosystem. https://t.co/FFaGfZhNR2 pic.twitter.com/7blMd4P1c7 — Sonic Labs (@SonicLabs) May 22, 2025 In a blog post , Sonic Labs said its reason for working with GSR, a crypto capital markets firm, is due to the firm bringing over a decade of experience, regulatory credibility, and a strong reputation for transparency. This collaboration is not just about trading—it’s about building a sustainable digital asset environment that supports both liquidity and long-term project development, said the firm. GSR to Support Sonic Labs While market making is at the core of GSR’s role, its involvement with Sonic Labs will reach far beyond just token liquidity, according to the firm. GSR will deploy liquidity across Sonic’s entire DeFi stack, offering strategic support to early-stage teams and helping them bring their tokens to market with confidence. “We support innovative protocols with liquidity, helping founders get tokens market-ready, and encourage sustainable on-chain activity to drive long-term growth,” Head of U.S. Business Development at GSR, Alex Taaffe, said. This hands-on approach positions GSR not only as a service provider but as a long-term ecosystem partner. Active Engagement Through Events and Community GSR’s connection with Sonic goes deeper than platform integration. For example, the firm recently sponsored Sonic Summit 2025, held in Vienna from May 6–8, which brought together builders, investors, and infrastructure leaders from across Web3. GSR’s sponsorship and presence at the summit showed its commitment to the community side of the ecosystem as well. Sonic Labs CEO Michael Kong emphasized the importance of such holistic relationships, stating, “We seek partners who are embedded in the network, contribute to DeFi, engage with projects directly, and support global community events. GSR exemplifies this standard.” Sonic Labs Secures Court-Ordered Multichain Liquidation This month, the High Court of Singapore approved a winding-up order against Multichain Foundation Ltd following a 2023 security breach that caused over $210 million in user losses. The order, issued on May 9 , 2025, came in response to a petition filed by Sonic Labs, which was among the platforms affected by the hack. The court appointed Bob Yap Cheng Ghee, Toh Ai Ling, and Tan Yen Chiaw of KPMG Services Pte. Ltd. as joint and several liquidators of the Multichain Foundation. The liquidators will oversee the company’s dissolution and asset recovery, including compensation claims brought by Sonic Labs and other affected parties. This legal outcome follows a default judgment issued earlier this year in favor of Sonic Labs, which sought damages for losses incurred during the exploit. The post Sonic Labs GSR Alliance to Turbocharge S Token – Will Liquidity Surge Next? appeared first on Cryptonews .
Coinbase Hacker Sends Onchain Taunt to ZachXBT After $42.5M Swap The hacker behind the Coinbase data breach resurfaced this week, taunting blockchain detective ZachXBT after swapping $42.5 million in cryptocurrency via THORChain. Mocking Message Embedded in Ethereum Transaction On May 21st, the hacker placed a message in Ethereum transaction input data that read “L bozo,” along with a meme video of NBA legend James Worthy smoking a cigar. The jab was clearly aimed at ZachXBT, a prominent onchain investigator who had previously pointed out the hacker’s wallet activity. ZachXBT highlighted the troll message on his Telegram channel, tracing it to the same address that is also linked to the Coinbase hack on over 69,000 users. Hacker Transfers Millions from Bitcoin to Ethereum and DAI Before posting the message, the hacker had swapped approximately $42.5 million in Bitcoin (BTC) for Ether (ETH) using the decentralized cross-chain protocol THORChain. On May 22, security firm PeckShield observed that the hacker also converted 8,697 ETH into 22 million DAI, while a second related address exchanged 9,081 ETH for 23 million DAI. Coinbase Breach Fallout: Ransom Demands and Lawsuits Coinbase first announced the breach in May 2025, with the attack itself traced to December 2024. The hacked data includes users’ names, addresses, and other identifying details. Once the breach had been confirmed, the attackers issued a ransom demand for $20 million in Bitcoin. Coinbase refused, instead issuing a bounty for the same value for information that would lead to their arrest. The financial damage has been estimated at between $180 million and $400 million, which has led to at least six lawsuits alleging negligence on the part of the exchange in its security measures. THORChain Under Fire For Criminal Utilization The hacker’s manipulation of THORChain has also provided fodder for the fears of the protocol being used in laundering illicit funds. The protocol, which facilitates anonymous crypto swaps, had previously been in the news following the $1.4 billion Bybit hack in March. Security firms blamed that exploit on the Lazarus Group of North Korea as the likely perpetrator, with THORChain being allegedly used to launder significant sums. The platform had processed $5.4 billion in swaps over a month, with $5 million in revenue. Controversy deepened when the resignation of one THORChain developer, “Pluto,” came after an unsuccessful governance vote to block addresses that were associated with Lazarus.
Bullish bets on the largest crypto are rising.
Majority of Tron addresses now in profit, fueling expectations of potential ATH rally
XRP and SHIB are catching attention again as their prices reflect improving sentiment and positive technical signals. XRP’s gradual rise has been confirmed by several analysts, with some now expecting it to reach new highs. SHIB has managed to bounce back 12% from its recent dip, showing a solid reversal backed by chart indicators. Though both cryptos are regaining traction, Web3 ai is quickly being noticed as a promising alternative that could outperform both. Now in stage 5 of its presale and priced at only $0.000365, Web3 ai gives early participants a potential return of 1,747%, calculated from its confirmed listing price of $0.005242. The project has already raised nearly $5 million. As it develops a full range of AI-based trading features, Web3 ai is shaping up to be one of the top cryptos to buy now, not for short-term buzz, but for real long-term use. Web3 ai Offers AI Tools and a Massive 1,747% ROI Potential Web3 ai is currently in stage 5 of its presale, priced at just $0.000365, and has already raised nearly $5 million. The project presents a projected ROI of 1,747% for early buyers, based on its confirmed listing price of $0.005242. What makes it stand out is its focus on utility, as it develops powerful AI-based tools tailored for crypto traders. The Crypto Trading Assistant is designed to help users make data-based decisions. It uses machine learning and NLP to scan the market, detect patterns, and highlight buy/sell signals using RSI, MACD, and Bollinger Bands. Users can customize alerts based on their style and preferences. Also included is a DeFi Yield Farming Advisor. This tool compares farming opportunities across Polygon, Fantom, Ethereum, and BNB Chain. It assesses APRs, APYs, and token risks and supports features like auto-compounding and pool alerts, helping users farm more safely and efficiently. These tools are part of a single dashboard, allowing users to research and manage trades in one place. The native coin, $WAI, powers access to premium features, allows governance participation, and unlocks staking benefits, providing utility that goes beyond just holding. XRP’s Uptrend Driven by Technical Setups and Regulatory Clarity XRP has jumped over 9% this week and is holding key levels that suggest a bigger move may be coming. Kraken analysts suggest this upward momentum could carry it toward previous highs, citing steady buyer interest and a supportive legal environment. Its chart also paints a positive picture. A strong ascending triangle is forming, and RSI readings are still in the safe zone, suggesting further room to grow. MACD signals and rising volume add to the case for continued gains. Legal wins for Ripple Labs and ongoing ETF discussions are also building confidence around XRP. Together, these developments have reawakened trader interest. Still, while XRP could keep climbing, many are starting to turn their attention to Web3 ai for bigger early-stage upside. SHIB Gains 12% from Local Lows as Oversold Pressure Lifts SHIB’s recent trend reversal came after consistent selling had pushed it into oversold territory. A bounce of 12% from the bottom reflects renewed buying, with RSI crossing above 50 to confirm the rally’s strength. Support levels that SHIB has bounced from in the past are once again acting as strong zones. Despite its volatility, SHIB has shown an ability to attract short-term buyers when sentiment flips. Still, a few analysts warn that if SHIB continues its run too quickly, overbought indicators may soon appear. Without strong volume or ecosystem expansion, the current price rise may not last. In contrast, Web3 ai brings actual tools and usability that give it longer-term appeal. Final Thoughts! XRP’s strength is backed by bullish chart patterns and growing optimism around legal outcomes, while SHIB’s recent 12% move has revived some hope among traders. Both coins are in focus again, but their success depends on market sentiment and timing. Web3 ai is offering more than hype. With a current presale price of $0.000365 and a confirmed 1,747% ROI at listing, it brings tools that serve a purpose. From its Crypto Trading Assistant to its DeFi Yield Farming Advisor, the project focuses on giving users an edge. It’s being seen as one of the most promising cryptos right now , especially before it gets listed. Join Web3 ai Now: Website: http://web3ai.com/ Telegram: https://t.me/Web3Ai_Token X: https://x.com/Web3Ai_Token Instagram: https://www.instagram.com/web3ai_token The post SHIB Climbs 12%, XRP Builds Strength, While et Web3 ai at $0.000365 Could Deliver up to 1,747% Gains appeared first on TheCoinrise.com .