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Shiba Inu (SHIB) Entering Most Dangerous Quarter of Year
GameFi Guides

Shiba Inu (SHIB) Entering Most Dangerous Quarter of Year

by admin May 22, 2025


Shiba Inu (SHIB) is heading into summer with a track record that does not inspire much confidence. The seasonal trend has been consistent: the warmer months tend to bring weaker returns, and 2025 so far is showing signs that this pattern may hold once again.

If you look at SHIB’s monthly performance by CryptoRank from June to August, you will see that those months are some of the weakest. June’s return is -15.1% on average, with a median of -11.8%, showing regular sell-offs. July and August are not far behind, with average returns of -2.7% and -1.3%, and medians of +2.1% and -1.0%, respectively. Even with a few positive spikes in the middle of summer, the big picture is still looking down.

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The recent movement supports the need for caution. SHIB ended Q1, 2025, with a -41.4% return, which is not a good start to the year. April and May showed some signs of life with gains of 6.92% and 15.8%, but the big picture remains uncertain. 

SHIB is trading near $0.00001536. That is still below the range it was in in February and March, and it is having a hard time breaking past the resistance at around $0.00001698. Key support is around $0.00001107.

Source: CryptoRank

The average and median numbers for other months help explain where SHIB tends to move. May is usually one of the best months, with an average return of +65.4% and a median return of +13.2%. But by June, that energy often dies down. 

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The quarterly data lines up. In 2023 and 2024, SHIB’s Q2 returns were -30.2% and -44.3%, respectively. Even with big gains like the +145.2% in March 2024, SHIB has given back those gains by midsummer.

Unless new catalysts emerge, historical performance suggests Shiba Inu could face another slow, red summer — with price history pointing to downside risk in the months ahead.



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May 22, 2025 0 comments
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Crypto Trader Dumps XRP Holdings For Ethereum, Explains Why

by admin May 22, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A prominent crypto trader on the X (formerly Twitter) platform has made waves on social media after revealing that he sold off all of his XRP holdings in order to buy Ethereum. The trader who is known as Doctor Profit on social media revealed this to his over 400,000 followers on the platform, along with reasons why he made this move and what he expects going forward.

Dump XRP For 600% Gains To Buy Ethereum

Doctor Profit had first revealed on May 19 his intent to begin selling his XRP stash. In this initial post, he revealed that all of his XRP was bought at very low prices between $0.2 and $0.5, putting his entry very low. At the current price at the time, the crypto trader was sitting on a profit of approximately 608% at this point.

This was when he told his followers that he intended to start selling his XRP investments after holding onto them for three years. He further explained that he was only selling XRP and no other cryptocurrencies or even Bitcoin. Rather, he was selling to be able to buy more later at a much cheaper price.

Then in a follow-up post on May 20, Doctor Profit finally revealed his full plan when it comes to selling XRP. Apparently, the crypto trader had decided to dump all of his XRP in order to buy Ethereum, a move which he referred to as “a matter of capital appreciation.” The reason for this is because Doctor Profit believes that the Ethereum price could see a major increase in the near term.

As for XRP, he explained that selling his stash did not mean that he expected the XRP price to crash. Rather, it was because holding XRP didn’t make sense in the short term and was a more long-term investment. Thus, he plans to take the gains made from the Ethereum investment and then reinvest them at a later date when a good entry is presented. But for now, Doctor Profit confirmed that all of the profits made from his XRP investment in the last three years have now been moved into Ethereum.

Bullish Outlook For The Market Remains

Back during the decline that plagued the crypto market from January to March 2025, Doctor Profit was one of the analysts who called the price bottom when Bitcoin had dropped to $77,000. From there, the analyst had called that Bitcoin would rebound back above $100,000, maintaining that a new all-time high is possible. So far, his $100,000 prediction has come to pass, and the all-time high forecast was completed after Bitcoin breached $109,300 on Wednesday.

For Ethereum, the analyst’s bullish thesis has been around for a while. He has previously called Ethereum the best opportunity as its technical, on-chain, and psychological indicators have turned bullish. He believes that the Ethereum price can rise as high as $7,600, with a lot of liquidity pooling around $4,000.

ETH bulls push above $2,600 | Source: ETHUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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May 22, 2025 0 comments
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GameFi Guides

Sui Ecosystem Rocked by $200M ‘Oracle Manipulation Attack’ on Its Largest DEX

by admin May 22, 2025



In brief

  • Attackers exploited vulnerabilities in Cetus Protocol’s smart contracts using spoof tokens to manipulate price calculations and drain liquidity pools on Sui’s largest decentralized exchange.
  • Popular Sui tokens including Lofi, Sudeng, and Squirtle plummeted 76-97% within an hour, while the Cetus token itself dropped 53% as 46 Sui tokens posted double-digit losses.
  • The attacker has $164 million in a Sui wallet and already bridged $61.5 million in USDC to Ethereum, with Cetus pausing contracts and investigations ongoing while Sui’s native token surprisingly rose 2.2%.

The Sui ecosystem has been rocked to its core by an exploit on the network’s largest decentralized exchange Cetus which has seen $200 million stolen from liquidity pools.

Notable Sui meme coins like Lofi (LOFI), Sudeng (HIPPO), and Squirtle (SQUIRT) tanked 76%, 80%, and 97% in just an hour. And the popular Cetus token dropped 53% over the same time frame. According to DEX Screener, 46 Sui tokens have made double digit losses over the past 24 hours.

“The attacker exploited vulnerabilities in Cetus Protocol’s smart contracts by deploying spoof tokens to manipulate price curves and reserve calculations,” Deddy Lavid, CEO and co-founder of security firm Cyvers, told Decrypt. “This allowed them to extract real assets from multiple liquidity pools, including the SUI/USDC pool. The stolen funds are being converted into USDC and bridged to other chains.”

PeckShield estimates that approximately $200 million worth of assets were stolen due to this exploit. The attacker currently has $164 million sitting in a Sui wallet and has bridged $61.5 million worth of USDC onto Ethereum.

A SUI spokesperson declined to comment on the exploit when reached by Decrypt, instead referring to what the team had already shared publicly on X.

In response, Cetus paused its smart contracts to prevent any further losses. The exchange issued a statement on social media stating that an “incident” had been detected and that its team was investigating it.

🚨Alert Announcement 🚨

There was an incident detected on our protocol and our smart contract has been paused temporarily for safety. The team is investigating the incident at the moment. A further investigation statement will be made soon. We are grateful for your patience.

— Cetus🐳 (@CetusProtocol) May 22, 2025

Leaked Discord messages suggest that the Cetus team believe the exploit came as a result of a “bug” in its oracle. Users on social media seemed skeptical of this, but Cyvers told Decrypt the aforementioned exploit is called an “oracle manipulation attack.”

This is because the attackers were able to manipulate the oracle to misrepresent the price via the deployed spoof tokens.

The attacker has been moving funds using the USDC stablecoin. Circle has caught flak from industry experts, like on-chain sleuth ZachXBT, for its slow reaction in freezing funds related to hacks—taking more than five hours to block funds connected to the Bybit hack in February.



(And for what it’s worth, USDT issuer Tether has had similar complaints for its fund freeing process leaving a window for attackers to avoid the punishment.)

“We’ve repeatedly urged stablecoin issuers to act on our real-time alerts, yet many still choose to wait for post-mortem investigations,” Lavid said. “The pattern is clear: Action comes days too late, if it comes at all. In this threat environment, delay is indistinguishable from inaction.”

This situation is still developing with former Binance CEO Changpeng “CZ” Zhao claiming that his team are doing what they can to help Sui.

“Not a pleasant situation,” he wrote on X, formerly Twitter. “Hope everyone stay SAFU!”

Surprisingly, Sui’s price hasn’t been too badly affected by news of the exploit. The token has actually risen 2.2% over the past 24 hours, according to CoinGecko.

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May 22, 2025 0 comments
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GameFi Guides

Sui Ecosystem Rocked by $200M ‘Oracle Manipulation Attack’ on Its Largest DEX

by admin May 22, 2025



In brief

  • Attackers exploited vulnerabilities in Cetus Protocol’s smart contracts using spoof tokens to manipulate price calculations and drain liquidity pools on Sui’s largest decentralized exchange.
  • Popular Sui tokens including Lofi, Sudeng, and Squirtle plummeted 76-97% within an hour, while the Cetus token itself dropped 53% as 46 Sui tokens posted double-digit losses.
  • The attacker has $164 million in a Sui wallet and already bridged $61.5 million in USDC to Ethereum, with Cetus pausing contracts and investigations ongoing while Sui’s native token surprisingly rose 2.2%.

The Sui ecosystem has been rocked to its core by an exploit on the network’s largest decentralized exchange Cetus which has seen $200 million stolen from liquidity pools.

Notable Sui meme coins like Lofi (LOFI), Sudeng (HIPPO), and Squirtle (SQUIRT) tanked 76%, 80%, and 97% in just an hour. And the popular Cetus token dropped 53% over the same time frame. According to DEX Screener, 46 Sui tokens have made double digit losses over the past 24 hours.

“The attacker exploited vulnerabilities in Cetus Protocol’s smart contracts by deploying spoof tokens to manipulate price curves and reserve calculations,” Deddy Lavid, CEO and co-founder of security firm Cyvers, told Decrypt. “This allowed them to extract real assets from multiple liquidity pools, including the SUI/USDC pool. The stolen funds are being converted into USDC and bridged to other chains.”

PeckShield estimates that approximately $200 million worth of assets were stolen due to this exploit. The attacker currently has $164 million sitting in a Sui wallet and has bridged $61.5 million worth of USDC onto Ethereum.

A SUI spokesperson declined to comment on the exploit when reached by Decrypt, instead referring to what the team had already shared publicly on X.

In response, Cetus paused its smart contracts to prevent any further losses. The exchange issued a statement on social media stating that an “incident” had been detected and that its team was investigating it.

🚨Alert Announcement 🚨

There was an incident detected on our protocol and our smart contract has been paused temporarily for safety. The team is investigating the incident at the moment. A further investigation statement will be made soon. We are grateful for your patience.

— Cetus🐳 (@CetusProtocol) May 22, 2025

Leaked Discord messages suggest that the Cetus team believe the exploit came as a result of a “bug” in its oracle. Users on social media seemed skeptical of this, but Cyvers told Decrypt the aforementioned exploit is called an “oracle manipulation attack.”

This is because the attackers were able to manipulate the oracle to misrepresent the price via the deployed spoof tokens.

The attacker has been moving funds using the USDC stablecoin. Circle has caught flak from industry experts, like on-chain sleuth ZachXBT, for its slow reaction in freezing funds related to hacks—taking more than five hours to block funds connected to the Bybit hack in February.



(And for what it’s worth, USDT issuer Tether has had similar complaints for its fund freeing process leaving a window for attackers to avoid the punishment.)

“We’ve repeatedly urged stablecoin issuers to act on our real-time alerts, yet many still choose to wait for post-mortem investigations,” Lavid said. “The pattern is clear: Action comes days too late, if it comes at all. In this threat environment, delay is indistinguishable from inaction.”

This situation is still developing with former Binance CEO Changpeng “CZ” Zhao claiming that his team are doing what they can to help Sui.

“Not a pleasant situation,” he wrote on X, formerly Twitter. “Hope everyone stay SAFU!”

Surprisingly, Sui’s price hasn’t been too badly affected by news of the exploit. The token has actually risen 2.2% over the past 24 hours, according to CoinGecko.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.





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May 22, 2025 0 comments
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Sui LP provider Cetus allegedly drained of $11m SUI, hack or bug?
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Sui LP provider Cetus allegedly drained of $11m SUI, hack or bug?

by admin May 22, 2025



Traders descended into a panic after LP provider Cetus appeared to be drained of $11 million worth of SUI from its liquidity pool. The team claimed it was an oracle bug, not an exploit.

According to its most recent post, the Cetus team has temporarily halted their smart contracts to prevent any more losses after it detected an incident on its liquidity platform. The team claims that it is currently investigating the root cause of the alleged breach.

“A further investigation statement will be made soon. We are grateful for your patience,” said the protocol.

🚨Alert Announcement 🚨

There was an incident detected on our protocol and our smart contract has been paused temporarily for safety. The team is investigating the incident at the moment. A further investigation statement will be made soon. We are grateful for your patience.

— Cetus🐳 (@CetusProtocol) May 22, 2025

At around 11:00 UTC, traders noticed that the liquidity pool for the liquidity provider Cetus was being drained of tokens, bringing the token supply count to zero. Based on the screenshot circulating online, tokens on the protocol’s leaderboard, including AXOL, SUIRI, HIPPO, among others, plummeted as low as 92% to at least 75% below the initial prices.

At the moment, the platform remains dormant after smart contracts were paused, with all liquidity pools showing no numbers for its trading pairs.

The Cetus team has halted SUI smart contracts temporarily following an incident, May 22, 2025 | Source: app.cetus.zone

Despite news of the liquidity drain and the panic related to it circulating online, the SUI (SUI) token still saw modest gains. In the past 24 hours, it has gone up by 3.15%, reaching $4 per token. Its daily trading volume has increased by 112% compared to the previous trading day, reaching nearly $2.5 billion.

In the past month, the token has been on an ongoing rally, going up by nearly 75%.

Some traders who are members of the Discord server for Cetus have shared screenshots of messages from Cetus admins and developers. One of the members, Figure.Cetus, told traders to remain calm and that the team will publish an announcement soon.

Figure.Cetus claimed that the liquidity provider was not hacked, instead the liquidity drain was due to a bug within the liquidity provider’s oracle.

In crypto liquidity pools, oracles serve to connect the pool’s smart contracts to external data sources, such as real-world asset prices or market conditions. This allows the pool to provide accurate pricing, trade execution, and other features based on the external information it receives.

At press time, the Cetus protocol team has yet to publish an official statement regarding its investigations. In addition, smart contracts are still temporarily paused.





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May 22, 2025 0 comments
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Veteran Trader Reveals Key Strategy
GameFi Guides

Veteran Trader Reveals Key Strategy

by admin May 22, 2025


In a recent post, renowned trader Peter Brandt disclosed that he has a long position in spot Bitcoin, demonstrating his continued confidence in the cryptocurrency. The announcement was made in conjunction with a more comprehensive disclosure of his trading book, which includes long entries in Swiss francs and short positions in Russell 2000 Index futures, along with setting orders in commodities like coffee and cotton. 

When it comes to Bitcoin, Brandt’s position is in line with the current market and technical conditions. The most popular cryptocurrency recently surpassed $110,000, breaking through its all-time high (ATH). Retail investors might be excited by that figure, but for seasoned market players like Brandt, the ATH is a confirmation of momentum rather than merely a milestone.

BTC/USDT Chart by TradingView

It indicates that Bitcoin has not only bounced back from its last decline, but is also moving into uncharted territory with opportunities for further growth. The 26 EMA is providing strong support for Bitcoin’s upward movement on the daily chart, and the volume is still high but not euphoric. Crucially, a trend reversal is confirmed over a longer period of time by the golden cross that was formed earlier this month when the 50-day EMA crossed above the 200-day EMA. 

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The RSI is 76, which indicates some overextension but not enough to cause panic or reversal signals right away. Notwithstanding the rally, Brandt’s remark that Bitcoin is not very extended indicates that he still sees more upside. In contrast, many traders who focus on retail have overbought concerns and may be alarmed by recent vertical moves. 

Using macro tailwinds to his advantage while protecting his risk-balanced exposure against wider equity volatility, longing Bitcoin and the Swiss Franc, and shorting Russell, demonstrates a hedged strategy. The next obstacle for Bitcoin could be found between $112,000 and $115,000. 

However, the market might gain more momentum as institutional sentiment rises and players like Brandt enter or double down. His action is a sign that even for an experienced trader with decades of experience, it makes sense to hold onto Bitcoin at this time.



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May 22, 2025 0 comments
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GameFi Guides

Bitcoin STHs Took $11.6 Billion In Profit Over Past Month

by admin May 22, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A report from Glassnode has revealed how profit-taking from the Bitcoin short-term holders has noted a large uptick in the past month.

Bitcoin Short-Term Holder Realized Profit Has Shot Up Recently

In its latest weekly report, the on-chain analytics firm Glassnode has talked about how the profit-taking spree from the Bitcoin short-term holders has looked recently.

The “short-term holders” (STHs) refer to the BTC investors who bought their coins within the past 155 days. This part of the market is considered to include the fickle hands, who easily react to happenings related to the cryptocurrency.

Given this, it’s only natural that the recent rally, which has now brought the asset to a brand new all-time high (ATH), would have also induced a reaction from this group.

An indicator that can be useful to gauging the selling reaction related to rallies from this group is the “Realized Profit.” This metric measures the total amount of profit that the STHs are ‘realizing’ through their transactions.

The indicator works by going through the transfer history of each coin being sold by the members of the cohort to see what price they initially received it at. If this cost basis is less than the spot price that they are now selling at, then the coin’s sale is considered to be leading to the realization of some net profit.

This profit is naturally equal to the difference between the two prices. The Realized Profit calculates this value for all profit transactions to find the total for the STHs as a whole.

Now, here is the chart shared by the analytics firm in the report that shows the trend in the Bitcoin STH Realized Profit over the last few months:

Looks like the value of the metric has been quite high in recent weeks | Source: Glassnode’s The Week Onchain – Week 20, 2025

As is visible in the above graph, the Bitcoin STH Realized Profit has remained at elevated levels throughout the past month, indicating that the members of this cohort have predictably been participating in profit-taking.

So far, the profit realization from the STHs has witnessed a peak of $747 million per day, which is quite substantial. In total, this cohort has harvested around $11.6 billion in gains since the start of the selloff.

“For comparison, over the previous 30d period, only $1.2B of profit was realized, underscoring how drastic the rebound in new investor sentiment and spending behavior has been,” notes Glassnode.

While this profit-taking spree has been large on its own, it has still been lower than the highs seen in late 2024. It now remains to be seen whether the Bitcoin STH Realized Profit would expand further in the coming days and if it does, whether incoming demand will be able to absorb the selling pressure.

BTC Price

With the latest continuation to the bullish momentum, Bitcoin has managed to set a new ATH around $109,400.

The asset appears to have seen some pullback since achieving the new record | Source: BTCUSDT on TradingView

Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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May 22, 2025 0 comments
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GameFi Guides

Hong Kong Passes Law to Regulate Fiat-Pegged Stablecoins

by admin May 22, 2025



In brief

  • The ordinance mandates licenses for fiat-referenced stablecoin (FRS) issuers under the HKMA
  • Issuers must meet reserve, redemption, AML, and risk management standards
  • It comes as the U.S. Senate advances its own stablecoin framework

Hong Kong passed legislation on Wednesday creating a licensing regime for fiat-referenced stablecoins, advancing its goal of becoming a digital asset hub while responding to concerns over investor protection and financial stability.

The new law, passed by the city’s Legislative Council, requires FRS issuers to obtain a license from the Hong Kong Monetary Authority (HKMA). 

Licensees must comply with a range of requirements covering reserve asset management, redemption at par value, segregation of client funds, anti-money laundering controls, disclosure, and fitness and propriety standards.

“The Ordinance adheres to the ‘same activity, same risks, same regulation’ principle, with a focus on a risk-based approach to promote a robust regulatory environment,” Christopher Hui, Secretary for Financial Services and the Treasury, said in a statement.

“This is not only in line with international regulatory requirements, but also lays a solid foundation for Hong Kong’s virtual asset market,” he added.

Embracing crypto

The law is part of Hong Kong’s efforts to rehabilitate its crypto reputation and encourage the growth of the industry after the collapse of fraudulent exchange JPEX in 2023. 

Occurring just as Hong Kong pivoted to embracing crypto after years of hesitation, authorities are now attempting to strike a difficult balance between encouraging innovation in digital assets while ensuring retail investors are shielded from abuse.

Under the new regime, only licensed institutions can issue an FRS in Hong Kong, and only licensed offerings may be marketed to retail investors. 

Unauthorized advertisements will be banned, even during the six-month grace period before enforcement begins. The HKMA will consult further on detailed requirements.

The market for stablecoins in Hong Kong remains modest compared to global volumes.

 “The new bill gives issuers something tangible: clarity on licensing, redemption obligations, reserve requirements, and a framework that’s friendly to traditional finance,” Justin d’Anethan, head of sales at token advisory firm Liquifi, told Decrypt. “But let’s be candid, Hong Kong remains a smaller node in global stablecoin activity.”

Tether continues to be the preferred cryptocurrency in the numerous OTC trading shops in Hong Kong. At the same time, U.S. dollar-backed assets in American markets remain the leading force in the stablecoin sector worldwide.

Hong Kong’s legislation comes as the U.S. Senate advances its own stablecoin bill. The GENIUS Act, which recently cleared a key procedural vote, would create a nationwide legal framework for issuing stablecoins in the U.S. The act must still pass the House before reaching President Trump, who is expected to sign it into law.

“For a while, Hong Kong, Singapore, and to some extent Dubai, held the crown when it came to forward-leaning crypto policy. But the last six months flipped the script,” d’Anethan said. “The U.S., long seen as adversarial, became the unexpected epicenter of pro-crypto regulatory momentum.”

Hong Kong’s stablecoin ordinance is expected to come into effect later this year, with transitional provisions to help issuers adjust to the new regime.

Edited by Sebastian Sinclair

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May 22, 2025 0 comments
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Bitcoin eyes rally beyond $150k as golden cross forms
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Bitcoin eyes rally beyond $150k as golden cross forms

by admin May 22, 2025



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.

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.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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May 22, 2025 0 comments
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$1.1 Billion for Two Pizzas? Historic Bitcoin Purchase Turns 15
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$1.1 Billion for Two Pizzas? Historic Bitcoin Purchase Turns 15

by admin May 22, 2025


Programmer Laszlo Hanyecz famously shelled out an eye-popping 10,000 BTC in order to purchase two pizzas from Papa John’s back in 2010. 

The offer was posted on the Bitcointalk.org forum, which was the main hub for the early adopters of the leading cryptocurrency. 

This is widely known as the very first purchase conducted with the help of Bitcoin.  

Back in the day, the original cryptocurrency had virtually no economic value, and 10,000 BTC was valued at roughly just $41.  

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Today, these two pizzas would be worth a stunning $1.1 billion.  

The payment was accepted by 19-year-old California student Jeremy Sturdivant, who ended up spending these coins on traveling across the U.S. with his girlfriend. 

Sturdivant told the New York Post that he actually had no idea how huge Bitcoin would become, adding that he was proud of contributing to turning it into a global phenomenon. 

Notably, Hanyecz also had the same deals with several other people, spending a total of 100,000 BTC on pizza in 2010. 



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May 22, 2025 0 comments
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Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

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