BitcoinWorld An Interview With SSV Network In an exclusive interview with BitcoinWorld , we got the chance to speak with Alon Muroch , Project Lead at SSV Network For our audience who might be new to the intricacies of Ethereum staking, could you explain what SSV Network is and the core problem it solves within the Ethereum ecosystem? Since going live in December 2023, SSV Network has emerged as Ethereum’s second-largest staking protocol, securing approximately 10% of all staked ETH . SSV Labs (core contributor to DAO-governed SSV Network) was founded by Alon Muroch. SSV started with distributed validator technology (DVT) to decentralize Ethereum validators by splitting them across multiple entities. Following launch, SSV experienced tremendous growth, integrated by leading LST/LRT protocols including Lido, Ether.fi, Renzo, Puffer, and many more, the protocol now secures over 100,000 validators representing billions in value. SSV Network is built on industry-leading Distributed Validator Technology (DVT). Can you break down what DVT is and why it’s fundamental for creating a more secure, decentralized, and robust staking infrastructure for Ethereum? DVT is the technological foundation of SSV and a critical infrastructure enabling Ethereum validators to operate in a distributed manner across multiple independent machines, instead of traditionally just one. The protocol synchronizes these machines using consensus mechanisms, allowing validators to function cohesively despite being distributed by software bugs, downtime, and even geographical disruptions. This approach provides enhanced security, decentralization, and fault tolerance. If one machine/node operator fails or is compromised, the distributed validator (DV) continues functioning normally and avoids slashing penalties. By distributing validation responsibility, DVT makes Ethereum’s validator set more robust and resilient against attacks and failures on both large and small scales. You recently highlighted SSV 2.0 and its role in providing infrastructure for “bApps”. Could you elaborate on what bApps are in this context and how SSV 2.0 enables secure, decentralized operations for these applications interacting directly with Ethereum’s validator network? SSV 2.0 introduces “based applications” (bApps) – decentralized applications secured directly by the world’s most decentralized blockchain, Ethereum. These applications leverage existing validators to provide security and functionality to various services without requiring additional capital lock-up. In doing so, validators can earn extra rewards for providing security with zero risk to themselves or Ethereum itself. Unlike traditional protocols that rebuild their entire tech stack for distributed operations, bApps offer standardized tooling and easy bootstrapping with Ethereum’s validator set. Developers can deploy multi-party distributed applications quickly, similar to how cloud services simplified deploying Web2 applications and led to mass adoption. bApps can serve various purposes, from simple oracles for smart contracts to entire L1 blockchains. By extending validator functionality beyond securing Ethereum, bApps create additional revenue streams for solo stakers and staking protocols, while maintaining Ethereum-grade security for developers. SSV Network is securing over $6.2 billion in TVL across more than 1,600 operators, making it the second-largest Ethereum staking pool. What have been the key factors in achieving this scale, and what responsibilities come with securing such a significant portion of staked ETH? SSV’s growth in securing approximately 10% of staked ETH stems from several factors: Aggressive promotion of DVT as a critical infrastructure for Ethereum The SSV DAO’s incentivized program rewarding validators for adopting DVT Elimination of cascading slashing risk that exists in traditional restaking and lock-ups A novel security approach combining non-slashable and slashable capital sourced from the L1 This responsibility requires maintaining robust staking conditions, tooling for developers, and support for participants in the SSV ecosystem. As an offset, SSV2.0 addresses the decreasing APR as more validators join Ethereum for business opportunities. SSV tackles this challenge by creating additional revenue opportunities for validators through bApps. SSV2.0 plays an important role in bringing value back to the L1 in the current climate, where we see L2s capturing the lion’s share. You’ve mentioned your focus is on keeping the Ethereum L1 healthy. How does the work being done at SSV Network directly contribute to the overall health, decentralization, and resilience of the core Ethereum protocol? Alon views Ethereum’s validator set as one of its greatest assets. SSV contributes to Ethereum’s health by: Making the validator set more robust and decentralized Supporting solo stakers and small-time validators Creating an economic layer atop staking that serves the broader community Reducing cascading risks to Ethereum by using validators themselves as a non-slashable asset for security. Capturing value back to ETH holders through innovative staking mechanisms You’re passionate about the ‘based’ movement. Could you explain what this movement represents to you, particularly within the blockchain and Ethereum context, and how it aligns with the ethos of SSV Network? The “based” movement refers to solutions that directly utilize L1 validators to enable faster transactions, reliability, and an overall better user experience on Ethereum, while not losing out on value generated on other layers. Based applications leverage validators directly for security – a novel “based” solution in the shared security industry (restaking). Making building services and applications more scalable and affordable for developers while eliminating cascading risks posed by restaking. This approach creates a paradigm similar to cloud computing but for decentralized applications. Just as cloud services revolutionized Web2 application deployment, based applications aim to simplify deploying decentralized ones, aligning with Ethereum’s core values and expanding its utility. What do you see as the biggest challenges currently facing decentralized Ethereum staking solutions like SSV Network, and how is the network positioned to address them? Decentralized staking faces several challenges: Declining APR as more ETH is staked, making validator operations increasingly marginal Regulatory and operational hurdles for institutional participants like ETFs Traditional restaking creates zero-sum games, which may hamper long term developer participation. SSV addresses these challenges by building a coordination layer allowing validators to opt into various based applications, creating a marketplace where validators can diversify their strategies and earn additional rewards beyond basic staking. This approach makes bootstrapping any use case more affordable and hopefully leads to mass adoption of users and developers. Looking ahead, what is your long-term vision for SSV Network and the evolution of staking infrastructure? How do you see technologies like DVT shaping the future accessibility and efficiency of participating in Ethereum’s consensus? SSV’s roadmap includes: Expanding to multi-blockchain capabilities, allowing applications to utilize validators from Ethereum, Solana, Cosmos, and other L1 blockchains for security Launching public testnet followed by mainnet in the coming months Utilize validators to create a new economic layer to boost participation and bring value back to the ETH holders Evolving SSV token economics to better align incentives and value, including fee burning mechanisms Enabling unprecedented cross-chain validator collaboration This vision centers on creating infrastructure that is extremely scalable (by tapping into the largest validator sets globally) and affordable (90% lower cost than capital-based restaking), allowing for a new generation of secure, decentralized applications. By reimagining how validator resources can be utilized across the blockchain ecosystem, SSV aims to create a new paradigm for decentralized application security while strengthening Ethereum’s position as the leading smart contract platform with the most robust validator network. Stay tuned for more thought-provoking content and engaging interviews on Bitcoinworld.co.in , World of Cryptocurrency & Blockchain News. This post An Interview With SSV Network first appeared on BitcoinWorld and is written by Keshav Aggarwal
วันพฤหัสบดีที่ 22 พฤษภาคม 2025 – หลังจากเหรียญ AI Agent อย่าง $COOKIE ราคาพุ่งทะยานกว่า 30% นักลงทุนในตลาดต่างหันมาจับตา MIND of Pepe ($MIND) ที่กำลังเป็นที่คาดการณ์ว่าอาจเป็น Memecoin ตัวถัดไปที่กำลังจะมาแรง MIND of Pepe กำลังอยู่ในช่วงโค้งสุดท้ายของรอบพรีเซลที่จะสิ้นสุดในอีกเพียง 9 วัน โดยโทเค็นถูกขายในราคาเพียง 0.0037515 ดอลลาร์และมีแรงซื้ออย่างต่อเนื่อง ขณะนี้สามารถระดมทุนทะลุ 10,000,000 ดอลลาร์แล้ว สิ่งที่น่าสนใจคือมีเงินทุนไหลเข้า MIND of Pepe เพิ่มสูงขึ้นอย่างน่าทึ่งโดยเฉพาะอย่างยิ่งในช่วงที่ใกล้จะสิ้นสุดรอบพรีเซล ตัวอย่างเช่น เมื่อวานเพียงวันเดียวมีเงินไหลเข้ากว่า 150,000 ดอลลาร์ซึ่งเป็นตัวเลขเกือบ 2 เท่าตัวของค่าเฉลี่ยรายวันในสัปดาห์ก่อนหน้า $COOKIE พุ่งทะยาน 184% – MIND of Pepe อาจเป็นโทเค็น AI Agent ตัวถัดไป โครงการ Cookie DAO ($COOKIE) บนเครือข่าย Binance Smart Chain ราคาพุ่งขึ้นถึง 30% ภายใน 24 ชั่วโมงแตะระดับ 0.2845 ดอลลาร์ หากมองย้อนไปในช่วงเดือนที่ผ่านมา $COOKIE พุ่งขึ้นกว่า 184% ซึ่งอาจเป็นสัญญาณบอกใบ้ว่ากำลังจะถึงคราวของ MIND of Pepe ที่จะก้าวขึ้นมาเป็นดาวรุ่งตัวใหม่ของกลุ่ม AI Agent การเคลื่อนไหวแบบเกินคาดของ Memecoin นี้สะท้อนให้เห็นถึงความสนใจที่เพิ่มขึ้นในหมวด “AI Agent” ที่กำลังพัฒนาอย่างรวดเร็วจากเทคโนโลยีแห่งอนาคตสู่การประยุกต์ใช้จริงที่เริ่มแสดงศักยภาพเหนือมนุษย์ในหลายด้าน เร็ว ๆ นี้ MIND of Pepe ก็จะเข้าร่วมในดัชนีวัดผลของ Cookie DAO ด้วยเช่นกัน ขณะนี้ Memecoin ที่ครองตำแหน่ง 5 อันดับแรกตามคะแนน ‘Mindshare’ บนแพลตฟอร์ม cookie.fun ได้แก่ $COOKIE, $FARTCOIN, $AVA, $AGT และ $MAMO สำหรับข้อมูล ‘Mindshare’ ของ Cookie DAO นั้นเป็นการวัดเปอร์เซ็นต์ของการมีส่วนร่วมในการสนทนาในกลุ่ม AI Agent ทั้งหมดเพื่อสะท้อนว่าโครงการใดกำลังเป็นที่พูดถึงและมีอิทธิพลมากที่สุดในระบบนิเวศ AI ความร้อนแรงของกระแส AI ยังคงไม่หยุดนิ่ง โดยมีโครงการใหม่เปิดตัวทุกสัปดาห์ ปัจจุบัน Cookie DAO ติดตาม AI Agent ถึง 1,688 รายการที่มีมูลค่าตลาดรวมกันมากกว่าประมาณ 11,000 ล้านดอลลาร์ ที่น่าจับตาคือ MIND of Pepe ไม่เพียงแค่ติดตามข้อมูลตลาดแบบ Cookie DAO เท่านั้น แต่ยัง มีบทบาทเป็นผู้เล่นในตลาดที่พร้อมส่งต่อความได้เปรียบเชิงกลยุทธ์ให้แก่ผู้ถือโทเค็น $MIND เหลือเวลาอีกเพียง 9 วันก่อนปิดพรีเซล ซึ่งหมายความว่าอีกไม่นาน Memecoin ตัวนี้จะเริ่มมีบทบาทชัดเจนในโลกของ AI Agent ล่าสุด MIND of Pepe ได้เปิดตัว @MIND_agent บนแพลตฟอร์ม X เพื่อแบ่งปันการวิเคราะห์ เทรนด์ใหม่ และมุมมองอัจฉริยะต่อโลกคริปโตอย่างต่อเนื่อง และอีกไม่นานจะเปิดให้ใช้งาน MIND Trading Terminal เครื่องมือซื้อขายสุดล้ำที่สายเทรดไม่ควรพลาด! ทำไม MIND of Pepe ถึงจะเป็นตัวเปลี่ยนเกมให้คุณในโลกคริปโต ในยุคที่ข้อมูลเปลี่ยนแปลงทุกวินาทีและตลาดขับเคลื่อนด้วยอารมณ์ อัลกอริธึม MIND of Pepe ไม่ใช่แค่ “Trading Bot” อีกหนึ่งตัว — แต่มันคือระบบ AI อิสระที่ถูกออกแบบจากพื้นฐาน เพื่อให้สามารถคิด วิเคราะห์ และตัดสินใจได้ด้วยตัวเองอย่างแท้จริง MIND of Pepe สามารถวิเคราะห์ ข้อมูลตลาดแบบเรียลไทม์ สถานการณ์ข่าวด่วน อารมณ์นักลงทุน และสัญญาณเชิงลึกอื่น ๆ ได้โดยไม่พึ่งพากฎตายตัวเหมือนบอทแบบเก่า จุดเด่นที่ทำให้ MIND of Pepe เหนือกว่า: MIND คิด วิเคราะห์ และตัดสินใจได้เอง ไม่ยึดติดกับกฎเกณฑ์ตายตัวหรือสูตรที่เขียนไว้ล่วงหน้า ไม่ใช่แค่รับรู้ข้อมูล แต่สามารถคิด วิเคราะห์ และตอบสนองได้อย่างมีเหตุผลและเป็นระบบ ที่สำคัญที่สุด MIND Agent เปิดใช้งานจริงแล้วในโลกออนไลน์ ทำให้นักลงทุนจึงมั่นใจได้ว่านี่ไม่ใช่แค่โครงการ Memecoin ที่มีแต่เว็บไซต์สวย ๆ เพราะ MIND ไม่ได้มีแค่ภาพลักษณ์ – แต่มาพร้อมผลิตภัณฑ์ที่ใช้งานได้จริงและจับต้องได้ ฟีเจอร์หลักของ MIND Agent เวอร์ชันแรก: LLM ที่ได้รับการฝึกให้มีบุคลิกเฉพาะตัว พร้อมสื่อสารในสไตล์คริปโตโดยตรง Semantic Vector Matching สำหรับการเข้าใจบริบทแบบลึก Retrieval-Augmented Generation เพื่อให้คำตอบแม่นยำและมีข้อมูลอ้างอิง Persistent Data Layer ที่ช่วยให้ AI Agent จดจำแนวโน้มและเรียนรู้จากอดีต สถาปัตยกรรมแบบโมดูลาร์พร้อมรองรับแดชบอร์ด บอท และฟีเจอร์เพิ่มเติมในอนาคต MIND of Pepe วิเคราะห์อะไรบ้าง? MIND Agent แสดงพลังการวิเคราะห์ขั้นสูงครอบคลุม 5 มิติสำคัญของตลาด ได้แก่ เทรนด์ความรู้สึกของสังคม ข้อมูลพื้นฐานจาก CoinMarketCap กิจกรรมบนบล็อกเชน เช่น การเปิดตัวโทเค็นใหม่ การรับรู้ข่าวสารและเหตุการณ์ที่เกิดขึ้นแบบเรียลไทม์ ข้อมูลเชิงลึกระดับ DEX เช่น ปริมาณเทรดที่พุ่งขึ้น การเปลี่ยนแปลงของสภาพคล่อง และราคาที่เคลื่อนไหวผิดปกติ ข้อมูลทั้งหมดจะถูกประมวลผลผ่านระบบวิเคราะห์เชิงลึกที่สามารถแยกแยะโอกาสที่มีมูลค่าจริง ออกจากกระแสปลอมและความเคลื่อนไหวที่ไม่มีทิศทาง พูดง่าย ๆ คือ MIND of Pepe ไม่ได้แค่บอกคุณว่า “อะไรเกิดขึ้น” — แต่มันบอกด้วยว่า “ควรทำอย่างไรต่อจากนี้” YouTuber สายวิเคราะห์อย่าง Claybro ยังให้ความเห็นว่า MIND of Pepe อาจสร้างผลตอบแทนสูงถึง 5,000% หากโครงการเดินหน้าต่อด้วยความเร็วและศักยภาพแบบนี้ เหลือเวลาเพียง 9 วันก่อนที่ราคาจะทะยาน — พร้อมโอกาสรับผลตอบแทน 2 เท่าด้วยการ Stake แม้ตอนนี้ Altcoins Seasosn อาจยังไม่ชัดเจน แต่สัญญาณเริ่มต้นก็เริ่มปรากฏแล้ว — ด้วย Bitcoin Dominance ที่ 62.9% และ Altcoins Season Index ที่ 23 ซึ่งหมายความว่ามีเพียงเหรียญ 23 เหรียญจาก 100 อันดับแรกเท่านั้นที่ทำผลงานดีกว่า Bitcoin แต่ถ้าคุณรอให้ดัชนีขึ้นไปถึง 75 ค่อยลงมือ อาจกลายเป็นว่าคุณพลาดโอกาสทองที่นักลงทุนสายตาไวเก็บไปหมดแล้วก็ได้ อย่าปล่อยให้ MIND of Pepe เป็น Memecoin ที่คุณ “น่าจะซื้อไว้ตอนนั้น” แต่กลับช้าไปเพียงไม่กี่วัน วิธีเข้าร่วมพรีเซล MIND of Pepe ไปที่เว็บไซต์ MIND of Pepe เชื่อมต่อกระเป๋าคริปโตของคุณ — Best Wallet คือหนึ่งในตัวเลือกที่แนะนำ เลือกชำระด้วย ETH, USDT หรือบัตรธนาคาร รับผลตอบแทนเพิ่มด้วยการ Stake — สูงสุดถึง 230% APY คุณสามารถเพิ่มจำนวนโทเค็นของคุณได้ทันทีด้วยการนำ MIND of Pepe ไปทำการ Stake — มอบผลตอบแทนแบบไดนามิกสูงสุดถึง 230% ต่อปี ก่อนวันเปิดตัวมาถึง อย่าลืมติดตามข่าวสารและพูดคุยกับชุมชนผู้ถือ MIND of Pepe ผ่าน X และ Telegram
As is known, US President Donald Trump hosted a dinner for the 220 biggest TRUMP owners last night. While the White House stated that it would not publish the list of those attending the dinner, Tron (TRX) CEO Justin Sun, Magic Eden CEO Jack Lu and BitMart CEO Sheldon Xia were among those who attended the dinner. These names shared photos from the dinner held at the Trump National Golf Club. Justin Sun was present at this dinner as the biggest TRUMP owner, and Sun made important statements after the dinner. Speaking to Coindesk, Sun noted that Trump's embrace of cryptocurrencies was a turning point for the industry. Tron founder noted that Donald Trump’s pro-crypto stance was a game-changing moment for the industry. Responding to those criticizing Trump and his memecoin, Sun described the critics as narrow-minded. Arguing that memecoins are legitimate digital assets that involve both risk and reward like traditional businesses, the Tron founder stated that memecoins definitely have value. TRUMP Gift to Justin Sun! The Tron founder also shared a video of the TRUMP dinner he attended, in which Trump's crypto platform World Liberty Financial's Justin Sun is seen calling him on stage and presenting him with a gold Trump-branded watch that a company with ties to Trump is selling for $100,000. “As the largest owner of TRUMP and a proud supporter of President Trump, it was an honor to attend the Trump Gala Dinner. Thank you for your unwavering support of our industry,” Sun wrote in his post. While TRUMP did not experience an increase after the gala dinner that was at the center of the debates, it continues to be traded at $13.6, having decreased by 5.5% in the last 24 hours. As the top holder of $TRUMP and proud supporter of President Trump, it was an honor to attend the Trump Gala Dinner by @GetTrumpMemes . Thank you @POTUS for your unwavering support of our industry! #MakeCryptoGreatAgain pic.twitter.com/Yy2TuWEgzT — H.E. Justin Sun (@justinsuntron) May 23, 2025 *This is not investment advice. Continue Reading: Tron (TRX) Founder Justin Sun Gives Great Support to Donald Trump and Memecoins!
Jump Crypto, a subsidiary of Jump Trading, showed signs of returning to the Solana market. A wallet flagged as belonging to the market maker received a large transaction of SOON tokens. Jump Crypto is making forays into the crypto market, just months after trying to divest its assets and abandoning old projects. However, the market maker did not entirely abandon crypto activities. Recently, a wallet flagged by Arkham Intelligence received a significant transaction of SOON tokens. Before that, the wallet received several smaller transfers from external senders. Jump Crypto started receiving SOON on the day of the airdrop and the listing on Binance Alpha. | Source: Solscan Jump Crypto was one of the market makers significantly damaged by the fallout of FTX and the subsequent bear market. A return would signal renewed potential for the crypto sector, with a boost from new legislation and a more favorable US administration. Recently, Jump Crypto was in communication with the US Securities and Exchange Commission on its safe harbor vision of digital assets. The fund also gave signs of being interested in tokenized securities, by joining the recent funding round for Securitize. Jump Crypto did not abandon its investments entirely, and continued to function as a Tier 2 fund. The latest activity was an extended seed round for Nirvana Labs, a blockchain infrastructure startup. The fund has a total of 92 investments of $3M to $10M, with its main focus on payments, wallets and infrastructure. Jump Crypto joins as SOON airdrop goes live The sudden activity for SOON arrived just as the project launched its airdrop event. Currently, Jump Crypto holds 0.46% of the entire SOON supply, becoming the 11th largest holder of the token. SOON is still bound up in large wallets, and the Jump Crypto address is currently active in a small cluster, with rapid transfers for $73.76M. SOON is just beginning its trading journey, breaking out from below $0.001 to $0.01 within days. So far, SOON has been in the green, with a sudden spike in volumes. However, the token still has only $191M in decentralized liquidity on Raydium. In the coming days, the token may see more exposure as it enters price discovery. Jump Crypto joins just in time to take SOON off the ground, as the airdrop event is completed. Currently, SOON has extremely limited trading, with almost no profits realized. The connection to a high-profile market maker may boost the project. SOON is the token of a new Solana-based scaling network, known as Soon SVM. The project’s goal is to extend the usage of Solana even faster and more cheaply. Soon SVM is a new implementation of the Solana tech stack, offering a new fast infrastructure. SOON is the rare launch for a utility token, closely watched as a potential blue chip asset and not just another meme. SOON will also get a boost from being added to Binance Alpha, with trading starting this Friday. In general, Binance Alpha sees more activity for BNB tokens, but a Solana-based asset may also take off. SOON remains highly risky, but shows signs of potentially breaking out and being highly curated by top crypto players. However, the token may also see selling and aggressive trading in its initial days, as KOLs may shed their airdrop tokens. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Four new cryptocurrency-related bills were introduced in the Michigan legislature this week, covering public pension investments in crypto, mining, income tax exemptions, and restrictions on CBDC support. As of May 23, four new proposed legislations, House Bills 4510, 4511, 4512, and 4513, have been introduced in the Michigan legislature, marking a coordinated push to define the state’s approach to cryptocurrency. https://twitter.com/Bitcoin_Laws/status/1925295585718149632/?20 House Bill 4510, introduced by Representative Bill Schuette, seeks to amend Michigan’s Public Employee Retirement System Investment Act to allow the state treasurer to invest in cryptocurrencies. The bill restricts eligibility to digital assets with an average market capitalization of at least $250 billion over the past calendar year. Currently, only Bitcoin (BTC) and Ether (ETH) meet this threshold. These investments must be made through exchange-traded products issued by a registered investment company. House Bill 4511 , sponsored by Representative Bryan Posthumus, proposes prohibiting the state and its subdivisions from banning the holding of digital assets or imposing licensing, permitting, or discriminatory tax requirements based solely on digital asset usage. It also bars state agencies from advocating for or supporting any federal CBDC by issuing memoranda or official endorsements. Additionally, the bill protects blockchain participants by preventing restrictions on node operations, asset transfers, and staking, while shielding validators and node operators from civil liability. You might also like: Senate crypto bill collapses: Is partisan divide or Trump’s digital fortune to blame? Meanwhile, House Bill 4512 , introduced by a bipartisan group led by Representative Mike McFall, outlines a Bitcoin mining partnership programme targeting abandoned oil and gas wells. Under the proposed programme, participants would receive temporary rights to use the wells for energy generation in return for assuming responsibility for plugging, site restoration, and response activity. The bill requires the supervisor of wells to identify eligible sites, publish detailed assessments, and manage a competitive bidding process. Selected participants must provide financial assurances, submit environmental and production data, and report annually. Mining rights are contingent on adherence to these obligations and capped plugging costs. McFall also led the introduction of House Bill 4513 , which would amend Michigan’s Income Tax Act to exempt income earned through the proposed Bitcoin mining programme from state income tax. The amendment defines the scope of exempt income and aligns it with the programme framework established under HB 4512, providing clarity for both individual and corporate taxpayers participating in the initiative. In addition to these four bills, Michigan is also considering the creation of a strategic cryptocurrency reserve. Introduced on Feb. 13 as House Bill 4087, this earlier proposal, backed by Representatives Posthumus and Ron Robinson, would authorize the state treasurer to allocate up to 10% of the general fund and Budget Stabilization Fund for crypto investments. Read more: Bitcoin in retirement plans? Sen. Tuberville revives crypto bill
Enjin Blockchain has added testnet support for stablecoins USDC and USDT, enabling their use within its NFT and gaming ecosystem via Hyperbridge. Stablecoins are heading to Enjin Blockchain, with USD Coin ( USDC ) and Tether ( USDT ) now live on Hyperbridge’s testnet in a move the team says will unlock cross-chain utility. The upgrade uses Enjin’s MultiToken Pallet, which supports the creation and transfer of many types of tokens, including stablecoins, the team said in a Thursday blog announcement. The pallet is part of Enjin’s Substrate-based blockchain architecture and underpins features such as the on-chain marketplace, NFT minting, and SDK/API access. The testnet setup lets users lock their USDC or USDT on Ethereum or BNB Chain, then Hyperbridge steps in to confirm the action and helps mint a matching stablecoin version — called a multitoken — on Enjin Blockchain. The team said that locking the original token in a Hyperbridge vault happens in a “decentralized, user directed manner,” adding that the process doesn’t involve Enjin’s apps or platforms and is fully managed by Hyperbridge smart contracts and relayers. The team said that once minted, the multitokens work just like any other token within the Enjin ecosystem, and noted that many games and platforms on Enjin Matrixchain already support NFTs and similar features. You might also like: US banks plot joint stablecoin as regulation looms over crypto sector They added that the system is designed to maintain a 1:1 link between the original stablecoin and its multitoken version on Enjin. According to the team, both the locking and minting steps are publicly verifiable and can be audited. To get the original token back, users can burn their multitokens on Enjin, which triggers a reverse process to unlock the original asset. The new testnet support builds on Enjin’s broader push to grow adoption of its own blockchain, which launched in September 2023 as a custom network built on Polkadot’s Substrate framework. In December 2023, the team completed a major migration, moving 200 million NFTs to its mainnet to encourage usage of its network. The campaign allowed users to claim their assets on the Enjin Blockchain using an updated Enjin Wallet. Read more: White House crypto czar David Sacks says stablecoin clarity could trigger trillions for US debt
After consolidating for a week, Worldcoin is showing upside strength, with World ID adoption and technical momentum acting as catalysts. According to data from crypto.news, Worldcoin ( WLD ) jumped 31% to hit an intraday high of $1.63 on May 23 Asian morning time, marking a massive 180% gain from its lows last month. WLD’s rally was matched by a surge in market participation, with spot volume climbing 160% to nearly $1.3 billion and derivatives volume spiking 208% to $2.69 billion. According to CoinGlass data , its open interest also rose 48% to $427 million, a tell-tale sign of renewed investor confidence. The main catalyst behind today’s rally is renewed investor interest following news that the World Foundation raised $135 million in funding. In a May 21 update, the team said this fresh capital will be used to grow their iris-based identity network, World ID. You might also like: Dow Jones seesaws, ends flat as Bitcoin hits new all-time high Top crypto investors like Andreessen Horowitz and Bain Capital Crypto led the round and bought Worldcoin tokens at market price. That not only added more tokens into circulation but also brought strong institutional backing, adding credibility to the project. This funding comes at a time when Worldcoin’s adoption is gaining momentum. World ID has now expanded into the U.S. and continues to gain traction across Asia. Singapore leads with over 100,000 users, while Japan and South Korea each added more than 10,000 new users in April. The network has also entered Southeast Asian markets, including Thailand, Indonesia, Malaysia, and the Philippines . Meanwhile, on-chain data shows a corresponding rise in daily active addresses and accumulation from large holders, factors that align with today’s price breakout. Technical setup looks bullish On the 1-day/USDT price chart, WLD recently broke out above the upper side of a rising wedge, a pattern that typically signals a bearish reversal, but in this case, the breakout turned bullish. The token is also trading above its 50-day simple moving average and is nearing the 200-day SMA, showing strength. WLD 50-day and 200-day SMA chart — May 23 | Source: crypto.news It has also flipped its 200-day exponential moving average into support, a bullish sign. Meanwhile, the MACD lines are turning up, hinting that momentum is still on the bulls’ side. WLD MACD and RSI chart — May 23 | Source: crypto.news There’s also a possible Cup and Handle pattern forming on the daily chart. The cup’s bottom sits at $0.58, with the neckline around $2.50. If this pattern completes and breaks out, it could lead to another leg up. Hence, the most likely target for WLD is the $2.50 psychological resistance level, a little over 60% above current prices. If WLD breaks past this, it could trigger another buying wave and potentially aim for the 78.6% Fibonacci retracement level at $3. WLD 200-day EMA chart — May 23 | Source: crypto.news Several analysts echo a similar price target, calling for WLD to hit the $2.20–$2.50 range between June and July, provided the bullish momentum holds. That said, the Relative Strength Index is approaching overbought territory, so WLD could see a short-term correction or sideways action before the next breakout. If it dips below the $1.479 200-day EMA, the next strong support lies around $0.97, which aligns with the 200-day SMA. At press time, WLD was exchanging hands at $1.55 per coin, still trading 86.7% below its all-time high of $11.74 from March 2024. Read more: TRUMP token faces volatility as Donald Trump hosts private dinner for biggest backers Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Coinbase underwent a major data breach affecting 70,000 users. The company denied a 20 million dollar ransom, offering a reward instead. Continue Reading: Coinbase Takes Bold Stand Against Hackers in Massive Data Breach The post Coinbase Takes Bold Stand Against Hackers in Massive Data Breach appeared first on COINTURK NEWS .
XRP is struggling. It exploded in November but couldn’t keep its momentum post-January. It has since seen its value dwindle and price prediction flatline. XRP has come under a lot of flak, with the latest body blow being the SEC turning down an application to float an XRP ETF, citing public comment concerns. It seems XRP can’t catch a break, and while an XRP ETF would certainly boost morale, it may be too late. What does this mean for investors? Well, the Sui crypto project is interesting, Litecoin seems to be making a comeback and newcomer Remittix is stealing the show. XRP ( XRP ): XRP ETF delayed An ETF is a great feather in the cap of any asset, legitimizing the project and giving investors confidence that they are buying something genuine. After four years getting pounded by the SEC, an XRP ETF would be a balm to the battered nerves of XRP. The bad news is that a mooted XRP ETF has been shown the door. Source: Coinmarketcap It’s not all bad news. The reason the XRP ETF was not approved was due to the need for public comment. This means the XRP was not turned down in principle; only that a legal framework must be followed . Where the milk turns sour is that this public comment period can be quite protracted, and XRP may not have the time to absorb it. No one would blame investors for looking elsewhere. Sui ( SU I): Sui crypto project racing up the ranks The biggest stumbling block to mainstream crypto adoption is speed. Traditionally, it’s been poor, and ETH transactions could take hours to complete. Solana came in with a speed demon blockchain, but now the Sui crypto project is gaining pace with a blistering project, making Solana look plodding by comparison. The Sui crypto Blockchain has reached speeds of up to 240,000 TPS in test conditions. What’s more, the Sui crypto boasts it can reach transaction finality in 390 milliseconds . It is no wonder the Sui crypto token was one of the best-performing assets of 2024. Source: Coincodex Litecoin (LTC): New life in old lion? Litecoin was largely forgotten for a while, but the old-guard token is now sitting at number 21 by market cap, showing an impressive 50% jump since November. The jump was actually higher, topping out at over $140 before the slump took the wind out of its sails, but Litecoin is nowhere near done. Litecoin follows the same principles as Bitcoin, only faster and cheaper. Litecoin has a strong use case for investors wanting the security of Bitcoin but at double the speed and half the cost. Litecoin may just be the surprise token of the year if it keeps its current momentum. Source: Coincodex Remittix (RMX): Little-known XRP alternative steals the show Remittix is a new altcoin coming in to steal the limelight from XRP. XRP has for years attempted to optimize cross-border payments, but never got there. Now, Remittix has. Remittix allows its users to make direct-to-bank transactions using cryptocurrency. Transactions through Remittix clear almost instantly and do not incur the costs of traditional bank transactions. The implications of this are huge. The savings on overheads alone would compel global trade to use Remittix, and if one adds in the 1.4 unbanked people on the planet who could partake in the formal economy, it is clear Remittix’s future is about as bright as it can be. Even YouTube cannot stop talking about the possibilities of Remittix. Conclusion While Ripple Labs waits in frustration for an XRP ETF to get clearance, the Sui crypto project is gathering steam, Litecoin is making a comeback and Remittix is making its presence known on the world stage. There’s more than XRP out there. Sui and Litecoin can be traded on all good exchanges, while Remittix is only available on their website at $0.0781. Discover the future of PayFi with Remittix by checking out their presale here: Website : https://remittix.io Socials: https://linktr.ee/remittix
Michigan legislators have introduced a comprehensive package of four crypto-focused bills, signaling the state’s growing interest in embracing digital assets across various sectors, from public pensions to energy repurposing. The proposals, put forward on May 21 by both Republican and Democratic lawmakers, cover cryptocurrency investment guidelines, mining operations, central bank digital currency (CBDC) opposition, and taxation rules. Michigan State Retirement Funds May Soon Include Crypto House Bill 4510 , introduced by Republican Representative Bill Schuette, aims to revise Michigan Public Employee Retirement System Investment Act. If passed, the amendment would allow the state treasurer, currently Rachael Eubanks, to invest retirement funds into cryptocurrencies , provided the assets maintain an average market capitalization above $250 million over the preceding year. As of now, only Bitcoin and Ether meet that threshold. Importantly, the bill specifies that investments must be made through exchange-traded products (ETPs) issued by registered investment companies. This move aligns with previous efforts; a similar proposal in February suggested allowing up to 10% of Michigan’s Budget Stabilization Fund to be invested in cryptocurrencies. Lawmakers appear to be testing the waters while maintaining risk control through clearly defined criteria. Opposition to CBDCs and New Mining Opportunities House Bill 4511 , introduced by Republican Representative Bryan Posthumus, takes a more defensive stance. It proposes that Michigan prohibit any licensing requirements on crypto holders and blocks the state from supporting a federally issued central bank digital currency. The bill defines “support” as any official endorsement or participation in federal CBDC trials, signaling strong skepticism toward government-controlled digital assets. Meanwhile, HB 4512 , backed by a bipartisan group led by Democrat Mike McFall, outlines the creation of a Bitcoin mining program specifically designed for abandoned oil and gas sites. The program would allow operators to establish mining facilities at these locations, subject to regulatory review. Interested applicants must submit documentation proving operational capability and outline their expected breakeven costs, ensuring the ventures are both legal and economically viable. The final bill in the package, HB 4513 , would ensure that income earned from the proposed mining operations is taxed under Michigan’s existing income tax framework. It provides clarity on how earnings from the initiative will be treated, closing potential loopholes before the program even launches. The post Michigan Lawmakers Propose Four Crypto Bills: Details appeared first on TheCoinrise.com .