In a significant move to enhance cryptocurrency adoption, Binance has partnered with Kyrgyzstan to implement crypto payment solutions and educational initiatives. This collaboration aims to foster the understanding and integration
Binance has signed a memorandum of understanding (MOU) with Kyrgyzstan’s National Agency for Investments to introduce crypto payment infrastructure and blockchain education in the country. The MoU was formalized during the inaugural meeting of the Council for the Development of Digital Assets, attended by Kyrgyz President Sadyr Japarov, the exchange said in a May 4 press release. As part of the agreement, Binance will introduce Binance Pay to Kyrgyzstan, enabling crypto-based transactions for visitors and residents. The partnership also focuses on educational collaboration. Binance Academy will work with Kyrgyz government agencies and financial institutions to develop blockchain-focused learning programs. “Binance is excited to partner with the National Agency for Investments of the Kyrgyz Republic to drive forward the development of crypto-assets in the region,” Kyrylo Khomiakov, Binance’s regional head for Central and Eastern Europe, said. On April 4, former Binance CEO Changpeng “CZ” Zhao said he would begin advising Kyrgyzstan on blockchain and crypto-related regulation after signing an MOU with the country’s foreign investment agency. Source: CZ Related: Ex-Binance CEO chides Europe over crypto adoption Kyrgyzstan president signs CBDC law Despite its growing interest in crypto and digital assets, Kyrgyzstan has also revealed intentions to launch a central bank digital currency (CBDC) . On April 18, President Japarov signed a constitutional law authorizing the launch of a CBDC pilot project while also giving the “digital som” legal tender status. Notably, Kyrgyzstan has a track record in cryptocurrency mining. The country’s abundant hydroelectric resources have made it an attractive location for crypto miners seeking low-cost energy. Over 30% of Kyrgyzstan’s total energy supply comes from hydroelectric power plants, but only 10% of the country’s potential hydropower has been tapped, according to a report by the International Energy Agency. Related: CBDCs ‘costly fiat copy’, not fintech success so far: Ex-Binance exec Binance expands collaborations with governments Binance’s new partnership with the Kyrgyz government comes as the exchange has recently expanded its collaborations with governments worldwide, aiming to strengthen its global presence and influence in the cryptocurrency sector. In an April 17 interview, CEO Richard Teng said the exchange has been advising multiple governments on establishing strategic Bitcoin reserves and formulating crypto asset regulations. “We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own crypto reserves,” Teng said. On April 7, former CZ was appointed as an adviser to Pakistan’s Crypto Council, a newly formed regulatory body tasked with overseeing the country’s embrace of blockchain technology and digital assets. Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A new class of blockchains like Berachain, Story (IPfi), Unichain, Monad, and MegaETH are leading a wave of specialized blockchain launches designed to serve increasingly diverse decentralized finance applications. But these chains aren’t just niche alternatives—they’re breaking users free from the constraints of the general-purpose status quo. This approach challenges the long-standing notion that a handful of general-purpose networks can support all use cases—and declares that the future isn’t one monolithic chain to rule them all, but a unit of optimized environments competing, collaborating, and coexisting. You might also like: 2025: The year intents revolutionize blockchain infrastructure | Opinion Institutions are entering with expectations shaped by decades of traditional finance, and the demand is clear. They want performance-optimized platforms that cater to high-speed trading, tokenized intellectual property, and sophisticated real-world asset markets. As these ecosystems grow, questions around cross-chain interoperability, institutional adoption, and competitive dynamics in DeFi infrastructure become increasingly relevant. The game is changing under our feet, and those who cling to general-purpose chains could be left behind. Breaking free from general-purpose bottlenecks General-purpose blockchains are beginning to show their cracks as financial institutions start stepping into DeFi. Proponents of specialization rightly argue that tailored infrastructures deliver more than technological advances, providing stronger security guarantees, improved scalability, and compliance features that appeal to institutional participants. For financial institutions exploring on-chain finance, predictable execution environments, regulatory-friendly frameworks, and reduced counterparty risk are especially mission-critical. These areas where specialized chains offer an edge, with these features already embedded to meet real-world demand, where general-purpose chains would require retrofitting to adapt. Some critics warn that a highly fragmented landscape could dilute liquidity and create inefficiencies, making it harder for assets to flow seamlessly across different platforms. Even though cross-chain solutions such as trust-minimized bridges and universal liquidity layers aim to mitigate these risks, their effectiveness remains a critical factor in whether specialization can scale without introducing friction. Thus, the trillion-dollar question remains: can we build this connective tissue fast enough to pace specialization? Nevertheless, emerging data from beta deployments indicates that specialized networks can attract robust ecosystems, offering developers more freedom to innovate in areas like algorithmic credit scoring, IP rights management, and tokenized commodities. Specialization may struggle in theory, but it’s already working in practice. DeFi’s future isn’t simpler—It’s smarter Recent traction in venture funding reinforces this shift, with projects integrating advanced data-validation methods and cross-chain bridges that facilitate rapid asset movement. Institutions aren’t watching from the sidelines. Adoption is soaring, driven by firms seeking on-chain access to structured financial products and real-world assets on their terms, creating further demand for the compliance-friendly environments that specialized blockchains increasingly provide. Experiments in liquid staking, real-world asset tokenization, and hybrid on-chain/off-chain data verification further validate the need for these chains as key infrastructure layers for the next wave of institutional DeFi. However, skeptics argue that increased complexity in managing assets across multiple chains may hinder mainstream adoption. While hurdles are to be expected, UX problems like these can be solved. And in a rapidly diversifying DeFi ecosystem, fragmentation is often a sign of progress. The challenge lies in developing seamless user interfaces and robust interoperability mechanisms that abstract away technical friction. To many investors, this fragmentation is an opportunity to diversify risk and foster a more competitive market, where specialized chains drive innovation without relying on monopolistic blockchain networks. In other words, it’s not fragmentation for fragmentation’s sake, but strategic and competitive modularity. The end of blockchain maximalism Competing networks such as Berachain and Unichain may redefine how DeFi applications are built and adopted, fostering a more mature market structure where specialized blockchains thrive alongside established platforms. If these emerging networks can sustain liquidity, seamlessly integrate with existing ecosystems, and maintain institutional trust, they could unlock a new era of on-chain finance—one with highly tailored solutions that don’t rely on a one-size-fits-all approach. This isn’t just a technical shift, but a philosophical one. The long-term viability of this multi-chain paradigm will depend on whether interoperability frameworks can facilitate frictionless asset movement and whether institutions gain confidence in the governance and security of specialized chains. Whether this shift leads to a more efficient DeFi landscape or a web of isolated networks remains uncertain, but specialization is already reshaping the blockchain industry’s trajectory. What is sure is that the future of blockchains is not monolithic. It’s modular, specialized, and taking off. Read more: The missing pieces of DeFi liquid staking | Opinion Author: Marcin Kazmierczak Marcin Kazmierczak is a co-founder of RedStone Oracles, the fastest-growing blockchain oracle, backed by Arrington Capital. In crypto since 2017, Marcin has played a key role in developing several innovative DeFi prototypes, previously a Google Cloud PM with a background in quantitative methods in economics. He is also the Co-founder of ETHWarsaw and a Laureate of Forbes 30 under 30 Poland. With a deep understanding of cross-chain infrastructure, Marcin’s expertise spans from DeFi applications to oracles and blockchain data solutions.
OKX has hit back at Tron founder Justin Sun over a mysterious freeze notice. The founder and CEO of the platform Star Xu has defended the exchange after Sun accused it of failing to act after a recent hack of Tron’s official X account. The back and forth is coming after the TRON DAO page suffered an attack, with the hacker using unauthorized access to publish a post with a contract address. According to the TRON DAO handle, the hacker sent direct messages to several accounts while following some prominent profiles on the platform. In relation to the attack, Sun asked OKX to freeze funds believed to be linked to the exploit in a post via X. OKX fires back at Sun’s allegations In a recent X post, the founder of OKX Star Xu mentioned that users have consumer protection laws, which every exchange follows. “OKX also has a consumer protection policy according to law, we can’t freeze a customer’s funds according to your personal X post or oral communication. I think you should understand it as the CEO of HTX,” Xu said. Previously, Xu had said that the exchange had not received any related correspondence on their official channels, noting that Sun wanted the exchange to freeze funds belonging to some of its users by word of mouth. He added that its team checked the company’s email, including its spam box, but hadn’t received any request related to the case. Xu mentioned that the OKX LE cooperation policy mandates victims to provide preliminary evidence through its reporting channels which would lead to a temporary urgent freeze according to the evidence provided. He added that if Sun wants the freeze to continue, he would have to provide legal documents to that effect. In response to the post, Justin Sun mentioned that he was going to send a private message to Xu, a post that Xu replied to saying, “So your team or the enforcement agency hasn’t sent the request to okx so far?,” showing that Sun did not indeed make an official complaint about the issue. The development has left members of the crypto community furious, with most users blasting Sun over the incident. Crypto-related account hacks on X are on the rise Meanwhile, there has been a huge climb in account breaches involving high-profile crypto accounts on X. While the Tron incident is one of the most recent breaches. The Kaito AI account also suffered a breach not long ago. Kaito AI, an artificial intelligence-powered platform that aggregates crypto data to provide analysis for its users, and its founder, Yu Hu, suffered a breach of their accounts on March 15. The attackers opened up a short position on KAITO tokens before alerting the public that Kaito wallets were compromised, highlighting that their funds were not safe. Before then, the Pump.fun X account was hacked on February 26, with the attackers promoting a fake governance token called PUMP and other fraudulent tokens. On-chain investigator ZachXBT warned users to stay away from the page and refrain from interacting with any links posted by the social media account. He tied the hack to the hacks of Jupiter DAO and DogWifCoin X accounts in previous months, noting that the teams were not fully at fault for the breach. The spate of hacked accounts has increased dramatically since the beginning of the year and even non-crypto entities have been suffering. On April 15, X account belonging to a UK member of Parliament and Leader of the House of Commons, Lucy Powell was hacked to promote a scam token. While those posts have since been deleted, the hacker shared a link to a House of Commons Coin (HOC), saying it is a community driven digital currency. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
In a recent analysis by OnchainDataNerd, significant trading activity was observed involving a substantial TRUMP whale, identified by wallet address 7X6Vu. This entity liquidated a staggering 427,600 TRUMP tokens, translating
29,532,534 XRP lands on Coinbase in major crypto move
Deribit, the world’s largest cryptocurrency options exchange with $1.3 trillion in trades last year, is considering entering the U.S. market, encouraged by President Donald Trump’s promise to make the country the global hub for digital assets like bitcoin, the FT reported. The Dubai-based company joins firms like OKX and Nexo in targeting the US after
The ADA token of Cardano has recently reached $0.7241 after rising 3% in a single day, while its founder Charles Hoskinson predicts prices will exceed $3.50 before 90 days. Mutuum Finance (MUTM) has become a notable match in phase 4 of its presale by attracting $7.5 million in investments which were distributed into 438 million tokens held by 9,400 participants. Investors currently accelerate their acquisition of tokens because the launch value of $0.06 is projected to offer a 140% profit from $0.025 today. Mutuum Finance (MUTM) presents investors with a quicker opportunity to experience dramatic growth while maintaining robust market investment potential along with Cardano. Cardano’s Steady Ascent The price of Cardano (ADA) maintains $0.70 support which stands essential for its continuous growth. The forward vision of Hoskinson relies on contributive community work along with technical advancements that scale operations. The Bitcoin bridge has become an essential DeFi feature of Cardano by providing financial asset movement capabilities without interruptions. The continued accumulation of ADA by Grayscale together with the possibility of a public ETF launch by August 2025 demonstrates increasing investor trust in ADA cryptocurrency. The path forward for Cardano remains uncertain because it faces financial stability issues alongside leadership controversies. Future success for Cardano may lead to a $0.864 mark followed by the possibility of reaching $1. The price level drops below $0.674 which creates a bearish market trend. Mutuum Finance’s Presale Surge At present during phase 4 of its 11-stage presale Mutuum Finance (MUTM) has achieved 55% token sellout at its current pricing of $0.025. To date MUTM has gained 9,400 investors who have invested $7.5 million. Phase 5 of Mutuum Finance (MUTM) will introduce a 20% price increase from $0.03 to deliver existing investors a 20% profit. Initial tokenomics position will provide investors with a 140% return when MUTM tokens start trading at $0.06 during launch. Analysts predict $2.75 as the future valuation of the project, which would deliver investors a 10,900% return on investment. $250 invested today will generate a total of $27,500 at launch. The team finishes the CertiK smart contract audit which will soon be presented to social platforms to enhance confidence in the platform. Structured expansion generates urgency from the investment market. Leaderboard Sparks FOMO The MUTM (Mutuum Finance) platform unveils its new dashboard containing a list of top 50 token holders which has increased user ardor. The system rewards rank sustainability through bonus token distribution to encourage sustained membership. FOMO intensifies during the presale due to its speed which is nearing completion in phase 4. The immediate project utility that Mutuum Finance (MUTM) brings to users stems from its combination of peer-to-peer and peer-to-contract lending systems and results in immediate functionality. Mutuum Finance (MUTM) stands among high-yield opportunities because it implements practical peer-to-peer solutions for decentralized finance, whereas Cardano pursues a slower expansion path. Many investors hurry to purchase tokens because they want to benefit from potential price appreciation. Seizing High-Yield Potential Cardano (ADA) stands at the threshold of a $3.50 price break because of both institutional partnerships and system enhancements. The presale speed of Mutuum Finance (MUTM) coupled with its projected 10,900% ROI makes the platform stand out in the market. Venturing into Mutuum Finance (MUTM) with just $250 leads to $27,500 in value while Cardano maintains more gradual growth. The crypto market gives its highest rewards to early investors who participate during Mutuum Finance (MUTM) phase 4 where users can purchase $0.025 tokens. New investors are joining the platform because they want to convert their modest funds into substantial gains. Act now to explore Mutuum Finance (MUTM)’s potential before phase 5 begins. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance
OKX CEO Star Xu has responded to accusations from Tron founder Justin Sun, who claimed the exchange failed to act on a law enforcement request to freeze stolen funds linked to a hack of Tron’s official X account. Sun alleged that OKX ignored a “freeze notice” from law enforcement following the May 3 breach, during which Tron’s X account was compromised. The attacker reportedly posted a malicious smart contract address, sent direct messages, and engaged with unfamiliar accounts. Justin Sun Says OKX Ignored Freeze Request In a now-deleted post, Sun stated that the exchange had been contacted via official email but had not responded, leaving him with “no other way” to reach OKX’s compliance team. “These stolen funds do not belong to me; I’m acting to protect the community,” Sun claimed. Star Xu dismissed the allegations. “OKX has a consumer protection policy governed by law,” Xu wrote on X . “We can’t freeze a customer’s funds based on your personal X post or oral communication. As the CEO of HTX, I think you should understand this.” Dear Mr H.E. Justin Sun, our LE cooperation team just checked the email including spam box, we haven’t received any request related with this case. Can you give us the screenshot to show when the enforcement agency send the request to us? @justinsuntron https://t.co/QIPFUbOqbi pic.twitter.com/lkHZWvk6fm — Star (@star_okx) May 3, 2025 Xu added that OKX’s law enforcement (LE) cooperation team reviewed its email accounts, including spam folders, and found no official request related to the case. “Our LE cooperation team just checked the email, including the spam box; we haven’t received any request related with this case,” he said. Xu also posted a screenshot of Sun’s original deleted message and challenged him to share evidence of the alleged freeze notice, including the time and source of the request. The incident adds to a growing list of social media hacks in the crypto space. On March 15, Yu Hu, founder of crypto AI platform Kaito, had his account hijacked to spread false warnings about compromised wallets—shortly after attackers opened a short position in KAITO tokens. Similarly, on Feb. 26, the Pump.fun X account was compromised to promote a fake governance token. In another instance, UK MP Lucy Powell’s X account was hacked on April 15 to promote a scam token. Crypto Hacks Surge in 2025 as Losses Top $1.74 Billion in Four Months Hackers stole over $92.4 million from crypto projects in April 2025 alone, according to blockchain security firm Immunefi . The figure represents a 27.3% year-over-year increase and more than double the losses reported in March. April’s attacks occurred across 15 incidents, with two major exploits accounting for the bulk of the damage. UPCX, an open-source platform, lost $70 million in a single attack, while decentralized exchange KiloEx was hit for $7.5 million. Other affected projects included Loopscale, ZKsync, Term Labs, and Bitcoin Mission, each experiencing losses exceeding $1 million. Cumulatively, the first four months of 2025 have already seen $1.74 billion in crypto losses—more than all of 2024, which totaled $1.49 billion. Immunefi previously noted that Q1 2025 was the worst quarter for hacks in crypto history, driven largely by massive breaches of centralized exchanges Phemex and Bybit. The post OKX CEO Defends Exchange Amid Justin Sun Freeze Dispute appeared first on Cryptonews .
Two crypto whales embark on a massive TRUMP selloff despite losses. Melania Trump prefers SOL over MELANIA, the meme coin named after her. Massive TRUMP and MELANIA selloffs put meme coin investors on their toes. Crypto whales are dumping TRUMP, the meme coin associated with the President of the United States of America. Following the latest developments, the Lookonchain crypto analysis platform spotted multiple transactions involving massive selloffs of the famous crypto asset. Lookonchain’s latest post on X showed that two whales lost $2.34 million after selling 765,128 TRUMP worth $8.58 million. The first whale gained $196,000 from TRUMP purchases before selling 337,560 TRUMP for $3.81 million early Sunday morning, losing $1.38 million. Likewise, a second whale who profited $732,000 after buying TRUMP sold 427,568 units of the meme coin for $4.77 million, losing $961,000. Related: Will $TRUMP Reclaim $14 or Slip Below $12? May Setup Tests Key Support Levels Summarizing the transactions shows the market wiped out all the whales’ previous gains besides extra losses of about $1.42 million. It highlights the meme coin’s declining fortunes af… The post TRUMP and MELANIA Meme Coins See Massive Selloffs: What Could This Mean? appeared first on Coin Edition .