BYD sold more cars in May than any other month this year, racking up 382,476 vehicle sales after cutting prices by as much as 34% in the final days of the month, according to a company statement Sunday. Out of the total, 376,930 were passenger vehicles. 204,369 were fully electric, while 172,561 were plug-in hybrids — only the second time since early 2024 that electric sales beat hybrids. The company’s full-year target sits at 5.5 million, and by the end of May, it had already hit 1.76 million units sold. The numbers didn’t happen in a vacuum. Those massive late-May discounts didn’t just send customers rushing into dealerships, they also sent BYD’s shares, along with other EV stocks, straight down. Automakers who weren’t slashing prices suddenly had to. That triggered backlash. The China Association of Automobile Manufacturers dropped a warning Saturday, saying “disorderly price wars intensify vicious competition, further compressing corporate profit margins.” The group didn’t name anyone directly, but nobody needed a hint. It was a clear response to BYD. Industry reacts to discount chaos Traffic at BYD showrooms exploded after the cuts. Analysts at Citi Research estimated that visits to dealerships jumped 30% to 40% week-on-week. Customers weren’t waiting for prices to go any lower. They showed up fast, and they bought. The company didn’t issue statements about what the price cuts would mean for margins or long-term profits, but the reaction from industry players and market analysts was immediate. Everyone else in the EV space was either slashing prices or getting left behind. While BYD’s domestic surge got all the attention, the company was making moves in Europe too. In April, Chinese carmakers, led by BYD, took 8.9% of the EV market in the region — the highest share in nine months. That rebound came after the European Union slapped tariffs on Chinese EVs in November 2024. The tariffs slowed things down briefly, but they didn’t last. Over the past two months, Chinese brands have come roaring back. Researchers at Dataforce confirmed the comeback, noting strong growth in both electric and hybrid sales from Chinese companies. Julian Litzinger, an analyst with Dataforce, said, “The Chinese brands did successfully adapt to the new market surroundings.” He pointed out that the jump in hybrid sales helped push the overall performance higher in Europe. Chinese hybrids rise as MG pivots Chinese hybrids are starting to take up real space in the European market. Last month, those brands accounted for 7.6% of all hybrid car sales, up from under 1% a year ago. BYD is right at the center of that rise. It’s not just outselling rivals like Tesla; it’s also pushing harder into hybrid models to meet new demand. While EVs still make up the core of its growth, the company clearly sees the need to spread its bets. That strategy is now showing results. One competitor that’s had to react fast is MG, which used to be the top Chinese EV brand in Europe. The brand, owned by SAIC Motor Corp, has been hit hard by EU duties that now top 45% on EVs. Even in Norway and the UK — where those tariffs don’t apply — MG has seen its EV sales drop. The brand is now going all-in on hybrids, trying to meet buyers where the tariffs can’t reach. Felipe Munoz, an analyst at Jato Dynamics, said MG is now focused on the ZS crossover and the MG3 subcompact, both non-electric models that are doing well. Munoz added, “The focus now is not merely on electric cars but on other power trains.” Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Bitcoin prices rise as Trump plans to meet Xi for key talks. Analysts foresee Bitcoin reaching $112,000 if positive developments occur. Continue Reading: Crypto Markets Rally as Trump Meets Xi for Crucial Talks The post Crypto Markets Rally as Trump Meets Xi for Crucial Talks appeared first on COINTURK NEWS .
As of June 1st, COINOTAG News reports significant metrics in the crypto derivatives market. Current data from Coinglass highlights that the overall open interest for Bitcoin futures stands at an
The DeFi Investor, one of the analysts who closely follows the cryptocurrency markets, shared its list of altcoins and important developments that may stand out in the new week. According to the analyst's evaluations, both large projects and significant airdrops and token unlocks will be on the radar of investors. Here are the top 7 cryptocurrencies of the week according to The DeFi Investor and why they are worth following: Bitcoin (BTC): The US Senate will take up the Bitcoin Act bill, which includes a 1 million BTC purchase, next week. KAITO: Infinex will be conducting an airdrop for users who stake KAITO. The distribution is expected to take place next week. Ethereum (ETH): Ethereum is expected to announce a new initiative with Coinbase's layer-2 network Base. Internet Computer (ICP): The World Computer Summit, which will start on June 3, is of great importance to the ICP community. Avalanche (AVAX): The Infinex wallet will add support for the Avalanche network next week. SKATE: Standing out as the infrastructure layer that connects different virtual machines (VMs) together, Skate is preparing to launch its own token at the beginning of June. Taiko (TAIKO): On June 5, $46 million worth of TAIKO tokens will be unlocked, representing 69% of the circulating supply. *This is not investment advice. Continue Reading: Here is The List Of Altcoins To Watch In The Coming Week
Crypto sleuth ZachXBT has called for stricter penalties against SIM swapping and social engineering fraudsters. He highlighted the case of a Canadian teenager who allegedly carried out a $37 million cryptocurrency theft. ZachXBT’s comments followed an X user’s suggestion that “wallet draining should be the death penalty.” The post received a reply from the crypto sleuth on the gaps in current legal frameworks, especially regarding juvenile offenders. You might also like: Crypto VC funding: $161m floods startups as token prices sway ZachXBT shares $37m Canadian case The investigator specifically referenced Cameron Redman, who allegedly conducted a massive SIM swap attack in 2020 at age 17. The hacker targeted a victim for approximately 60,000 Bitcoin Cash ( BCH ) and 1,547 Bitcoin ( BTC ) worth $37 million at the time. Cameron Redman helped SIM swap $37M in 2020 when he was 17 from Canada Not a single mention of his full name or photo on the internet until I posted it after he got involved with phishing / X ATOs Zero reason his name should’ve been protected or hidden https://t.co/F5uoQsD4rK — ZachXBT (@zachxbt) June 1, 2025 According to ZachXBT’s research , the February 22, 2020 attack against victim Josh Jones involved complicated money laundering techniques. The stolen Bitcoin Cash was moved through hundreds of small transactions to centralized exchanges. However, most Bitcoin was funneled through mixing services, including Chip Mixer and Crypto Mixer. ZachXBT criticized the legal protections afforded to minors in high-value cybercrime cases. He noted that “laws in Canada and EU are super relaxed, so threat actors can get away with a lot.” The sleuth expressed particular frustration with name suppression policies for juvenile offenders and stated he publishes full names “regardless of age” when investigating crypto crimes. Hamilton Police in Ontario formally charged Redman in November 2021 following collaboration with the FBI and U.S. Secret Service. Authorities recovered $5.4 million of cryptocurrency during the investigation, though $31.5 million remains unaccounted for. The case resurfaced when ZachXBT identified Redman’s alleged involvement in recent phishing attacks and X account takeovers targeting NFT projects. Given the scale of the financial crimes, the investigator noted there was “zero reason his name should’ve been protected or hidden.” Read more: NFT sales plunge 16.7% to $105.7m, Ethereum sales surge 30%
The XRP price today remains under pressure as the market struggles to recover from May’s late selloff. Trading around $2.15 at the time of writing, XRP has broken key short-term support levels and continues to drift within a defined descending channel. Despite a brief rebound attempt near $2.22, the XRP price action suggests sellers still dominate the market ahead of the weekend. What’s Happening With XRP’s Price? XRP price forecast (Source: TradingView) On the 4-hour chart, XRP price has failed to reclaim the confluence zone around the 20/50 EMA near $2.25–$2.29. This dynamic resistance, combined with upper Bollinger Band rejection near $2.30, confirms bearish control. A clean breakdown from the $2.22 support on May 30 initiated a broader correction, which saw XRP drop as low as $2.08 before bouncing modestly. Current price behavior shows lower highs and descending trendlines intersecting near $2.20. Until this area is broken decisively, bullish reversal calls remain premature. Key Indicators Show Renewed Bearish Momentum XRP price forecast (Source: TradingView) The RSI on the 30-minute and 4-hour charts remains weak. The 30-minute RSI has slid … The post XRP (XRP) Price Prediction for 2nd June: Bearish Momentum Deepens as Price Struggles Below Key Resistance appeared first on Coin Edition .
China lit up the U.S. government on Sunday after Defense Secretary Pete Hegseth told delegates at the Shangri-La Dialogue in Singapore that China was a threat to Indo-Pacific stability. According to the full statement from China’s Ministry of Defense, spokesman Zhang Xiaogang said the U.S. “creates disputes, sows discord, provokes confrontation, and seeks selfish interests.” He added that the U.S. would suffer the consequences if it keeps moving down that road alone. Zhang’s statement came hours after Hegseth gave his speech at the annual security summit, where he called out China directly and criticized Beijing for not sending a top official to participate. Hegseth pointed out that it was the first time since 2019 that China didn’t send its defense minister, which effectively cut it off from military diplomacy with major powers attending the event. That absence came at a time when many officials had expected clarity on China’s plans for regional security. China defends Taiwan stance, calls U.S. ‘hegemon’ In a separate response, China’s Foreign Ministry described the U.S. as “the true hegemonic country in the world,” saying it’s the “biggest factor that undermines peace and stability in the Asia Pacific region.” The ministry also warned Washington to stop “playing with fire” over Taiwan after Hegseth declared that a confrontation over the island “could be imminent.” This year’s summit structure was already out of step with tradition. The Sunday program didn’t open with China’s usual rebuttal session, where its top military voice typically responds to the U.S. and its allies. Instead, the only Chinese speaker in an official capacity was Rear Admiral Hu Gangfeng, vice president of the National Defense University, who avoided questions on Defense Minister Dong Jun’s absence. “Every time we send the delegation on different levels — this is completely a normal work arrangement,” Hu said. “It’ll not affect our explanation of our national defense policies, ideas, and communication with others or enhance mutual trust.” China’s irritation spread beyond the forum stage. Wang Xiaolong, Beijing’s envoy to New Zealand, slammed Hegseth’s Taiwan comments in an X post on Sunday. “If this is not saber rattling or fearmongering, then nothing is,” Wang said . “It will be a stretch of imagination to think that many, if any at all, in the region would buy that unfounded, self-centric, and delusional rhetoric.” Embassy and delegates criticize forum shift On Facebook, China’s embassy in Singapore posted two sharp rebukes. The first post went after French President Emmanuel Macron, who had said the world’s handling of Russia’s war in Ukraine should guide the global response to a future Taiwan crisis. The embassy called that comparison “unacceptable.” The second post zeroed in on Hegseth. “Mr. Hegseth repeatedly smeared and attacked China and relentlessly played up the so-called ‘China threat,’” it said. “As a matter of fact, the U.S. itself is the biggest ‘troublemaker’ for regional peace and stability.” Public criticism of the Shangri-La Dialogue by China’s embassy is rare. Typically, the diplomats stay behind the scenes and help coordinate logistics for the visiting Chinese military team. Despite the lack of media appearances or briefings this year, some members of China’s delegation participated in sessions. Senior Colonel Zhang Chi, who teaches at the National Defense University, asked Hegseth how the U.S. would prioritize allies versus Southeast Asian countries, considering many of its security frameworks don’t include ASEAN members. That exchange was one of the few times a Chinese official directly confronted U.S. policy during the forum. Still, China’s visibility was clearly lower than last year. In 2024, its delegation had multiple press briefings and student-led roundtable discussions with the media. This year, there were no such events. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
One of crypto’s infamous high-stakes traders forfeited more than $100 million on the decentralized exchange (DEX) Hyperliquid. The pressing question now is: Was this catastrophic unraveling of leverage quietly orchestrated by the tactic known as liquidation hunting or simply bad luck? Crypto Perp Traders Beware: The Mechanics of Liquidation Hunting When Hyperliquid trader James Wynn
The crypto market is known to produce winning stories, where investors have become instant millionaires. One such example is Ripple (XRP), which experienced massive gains in 2017. In May 2025, a new contender for these massive gains is quietly gaining momentum. Mutuum Finance (MUTM) could potentially replicate the gains made by XRP back in 2017. What advantages does Mutuum Finance (MUTM) offer? Mutuum Finance (MUTM) has several yield generation opportunities designed to encourage liquidity growth on the protocol. One example of this is the decentralized stablecoin, which will be minted from overcollateralized collateral. Its design will ensure that each token in circulation is backed by enough on-chain assets. Additionally, its value will be pegged to the USD via a market-based mechanism. Besides offering holders all the benefits of a stablecoin, the collateral used to mint the coins will also be actively engaged in lending pools. Consequently, the collateral will accrue interest for the borrowers. This design will ensure that they can use the collateral to offset part of the interest payment on the stablecoin borrow position. It will provide an avenue for yield generation and improve the capital efficiency of the protocol. The borrowing mechanism on Mutuum Finance (MUTM) is designed to help users unlock liquidity without selling their assets. It is a great option to avoid missing out on future growth or having to pay capital gains for simply holding assets. Borrowing can also be used as part of a hedging strategy to amplify yields via leveraged positions. Additionally, it can allow borrowers to seize time-sensitive opportunities in other parts of the crypto market, without having to give up valuable assets. How Mutuum Finance (MUTM) maintains the protocol Mutuum Finance (MUTM) has implemented numerous protocol safeguards to ensure the ecosystem remains solvent. One of the first solutions is overcollateralization, which is meant to ensure the system can absorb market fluctuations. Other measures to protect the protocol are: Deposit caps The deposit cap sets the maximum amount of a given asset that can be supplied. The limit ensures that there is no outsized exposure for a given asset. The cap is often determined using on-chain volumes, price volatility, and historical performance. Borrow caps Borrow caps are a ceiling on how much a set asset can be borrowed on Mutuum Finance. The cap is great for tokens that experience price manipulation. By limiting the volume, the protocol ensures there is no chance for insolvency due to price movements. Restricted collateralization mode Some low liquidity tokens may be given this classification to ensure that some assets can only be used to borrow the same asset. If the oracle data for a token can be easily manipulated, it ensures there is no system-wide impact on the protocol. Liquidation trigger This mechanism sets a threshold for when a debt becomes undercollateralized. If the position of a borrowed amount falls below this level, the Mutuum Finance (MUTM) protocol triggers a liquidation. The liquidator can then access the debt at a discount to ensure protocol stability. These are only a few of the stringent measures that Mutuum Finance (MUTM) has in place for the overall safety of the ecosystem. To verify that the system is safe for all users. The team recently subjected the code to a Certik audit, which they passed. This successful Certik audit will help bolster the case for the Mutuum Finance DeFi protocol being the safest one in 2025. Mutuum Finance presale details The Mutuum Finance (MUTM) project is currently in the presale phase. Thus far, over $9.7 million has been raised in the presale, which is in phase 5. Over 15% of the tokens reserved for phase 5 of the presale have already been sold, barely a week after it started. The Phase 5 presale tokens are going for $0.03, which is a 20% increase in price from the Phase 4 price of $0.025. In the upcoming phase 6, the token price is set to increase by 16.67%. So far, over 11,400 unique participants have joined the presale. As word spreads on this protocol, this number is expected to keep rising. Those who purchase tokens in the current phase stand to make a 100% return on their purchase based on the planned listing price of $0.06. Ripple (XRP) was no doubt one of the biggest gainers in 2017. However, the crypto market is still young and growing, and new opportunities like Mutuum Finance (MUTM) present new avenues for gains. Analysts forecast that MUTM could easily outshine the XRP gains of 2017. Best of all, everyone has a chance to participate at the ground floor price of $0.03 per token. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post XRP success in 2017 to be replicated by new viral token MUTM appeared first on Invezz
Ethereum continues to show resilience, with significant ETF inflows and strong market fundamentals, signaling ongoing institutional confidence. Despite recent gains, macroeconomic uncertainties could pose challenges to Ethereum’s upward trajectory. According