Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop
Tag:

Crypto

US big banks hold early talks on joint crypto stablecoin: WSJ
Crypto Trends

US big banks hold early talks on joint crypto stablecoin: WSJ

by admin May 23, 2025



Some of the biggest banking companies in the US are reportedly exploring a team-up to launch a crypto stablecoin.

Companies owned by JPMorgan, Bank of America, Citigroup and Wells Fargo have discussed the possibility of jointly issuing a stablecoin, The Wall Street Journal reported on May 22, citing people familiar with the matter.

Other financial institutions linked to the potential stablecoin include Early Warning Services, the parent company of digital payments network Zelle, and the payment network Clearing House.

The discussions are still in the early stages, and a final decision on the project could change depending on the regulatory environment and the demand for stablecoins.

A JPMorgan spokesperson told Cointelegraph the company had no comment. Bank of America, CitiGroup, and Wells Fargo did not immediately respond to requests for comment.

On May 20, the US Senate voted 66-32 in favor of advancing discussion on the stablecoin-regulating Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. 

The bill outlines a regulatory framework for stablecoin collateralization and mandates compliance with Anti-Money Laundering laws. The bill is now headed to debate on the Senate floor.

Earlier this week, White House crypto czar David Sacks said he expects the bill will be passed and that it will receive bipartisan support.

However, high-ranking Democrats plan to amend the bill to include a clause prohibiting President Donald Trump and other US officials from profiting from stablecoins.

Trump and his family launched the crypto platform World Liberty Financial, which created the USD1 stablecoin in March. Critics argue that President Trump stands to personally benefit from passing favorable stablecoin regulation.

Related: World Liberty Financial brushes off oversight concerns from Congress

Stablecoin demand surges

The demand for stablecoins has been on the rise, with nation states adopting and institutions wanting to incorporate stablecoins.

The total market capitalization of stablecoins has shot up to $245 billion from $205 billion at the start of the year, representing a 20% increase.

Earlier this week, it was reported that yield-bearing stablecoins now account for nearly 4.5% of the entire stablecoin market, with a circulating supply of $11 billion.

Austin Campbell, a New York University professor and founder of Zero Knowledge Consulting, said the American banking lobby is “panicking,” as stablecoins can disrupt the traditional banking business model.

Earlier this month, it was reported that tech giant Meta is exploring ways to incorporate stablecoin payments into its platforms.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight



Source link

May 23, 2025 0 comments
0 FacebookTwitterPinterestEmail
Toobit: Unpacking A Full-Service Crypto Exchange For Modern Traders
GameFi Guides

Toobit: Unpacking A Full-Service Crypto Exchange For Modern Traders

by admin May 23, 2025


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

Although Toobit is a relatively new entrant in crypto trading, it’s already making a great impression in the crypto trading industry. Launched in 2022 and backed by big investors such as Bybit and Huobi Ventures, the platform now has over 3 million active users, 200,000+ community members, and more than $15 billion in daily trading volume. And it’s not just hype—Toobit is trying not to be merely a crypto exchange. So, what exactly sets Toobit apart from other crypto exchanges?

Split or Merge? Flexible Trading And Real Utility

One of the standout features of Toobit is its position management tools. While most platforms offer a one-dimensional approach, Toobit gives users a choice between split mode or merged mode. In the split mode, every trade is handled independently, making it ideal for multi-strategies and multi-directional trading. Merged mode, on the other hand, streamlines the process by consolidating trades in the same direction into a single position — perfect for traders who prefer a cleaner interface and minimal micromanagement.

For high-volume or institutional traders, Toobit offers API integrations for algorithmic trading and portfolio management, as well as high-liquidity trading environments. Users can access over 450 tools, including cryptocurrencies, derivatives, trading bots, and demo trading. Institutional traders can also apply for customized withdrawal limits and other tailored services.

Being able to run both long and short positions simultaneously is also an advantage on Toobit, especially for more advanced trading strategies. This level of flexibility is uncommon among retail-facing exchanges and will undoubtedly appeal to traders who value greater control and customization.

Copy trading is another standout feature, offering over 40 zero-slippage trading pairs. Combined with automated tools such as Futures Grid and DCA (Martingale), Toobit provides a well-equipped toolkit for users looking to streamline and optimize their trading strategies.

Simple But Practical

The user experience is quick and friction-free. New users can sign up and deposit in under two minutes. Both the desktop and mobile interfaces are well-designed and functional, offering features such as alerts, trade volume notifications, and customizable portfolio views.

For those who need guidance, Toobit provides a range of educational resources, including tutorials, FAQs, and a help center. Customer support is available 24/7 through multiple channels, including Telegram and WhatsApp. It may not be groundbreaking, but it delivers the level of convenience users now expect in 2025.

Fees That Make Sense

Fees are often the dealbreaker for crypto traders, especially high-frequency ones. Toobit keeps it simple. No charges to open or maintain an account, no inactivity or portfolio transfer fees. Buying crypto incurs a 0.1% fee, and selling is slightly cheaper at 0.075%. Deposit fees? Zero. Withdrawal costs vary by blockchain network.

Crypto swaps incur no fees, which is a rare and valuable advantage. While fiat on-ramp services do carry fees, these are charged by third-party providers such as Simplex—not by Toobit itself.

Security And Trust

Toobit takes security seriously. There has been no record of a data breach. No evidence of customer information being sold or misused, and it employs standard features such as 2FA (via SMS, email, or third-party apps), security PINs, and device recognition. The platform stores cold wallets on air-gapped devices and protects hot wallets with AES-256 encryption and AI-powered surveillance tools. Standard stuff, but well-executed.

To minimize risks, the platform’s Bee-Safe technology incorporates multi-layered security, including hardware security modules and multi-party computation wallets. Toobit also partners with top blockchain security firms such as Beosin and Elliptic for regular audits.

Community And Global Reach

Toobit is creating a global community. With over 200,000 community members and 3,000 active influencers across major regions, such as in the US, UK, East Asia, and CIS countries, the exchange is rapidly expanding. The platform’s interface is available in 11 languages, making it accessible and user-friendly for international users.

The referral and affiliate programs provide an added layer of engagement, rewarding users with commissions and bonuses for bringing new traders to the platform.

Beyond Trading: Toobit’s Ecosystem In The Making

Toobit goes beyond traditional features by offering a Telegram Mini App that allows users to send and receive crypto gifts. Gifts can be sent as “Standard” (equal split) or “Lucky” (random distribution), and claimed funds are deposited directly into users’ Spot accounts.

Its partnership with NovaMeme also shows Toobit’s commitment to bridge the gap between centralized and decentralized finance. This integration offers early access to IDOs, cross-chain token swaps, and DEX services across ecosystems such as Solana, Ethereum, and Binance Smart Chain.

Final Take

Toobit doesn’t reinvent crypto trading but enhances many core features while offering greater flexibility than most platforms. With split and merged position options, zero-slippage copy trading, robust security, and low fees, it delivers a well-rounded trading experience.

There’s no NFT support, and some features might be underutilized by casual traders. But overall, Toobit is definitely worth checking out—especially for traders seeking a customizable, low-fee, high-performance trading environment.

 

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.



Source link

May 23, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
Crypto Trends

Ethereum’s ‘Ember Sword’ Is the Latest in a Growing Wave of Crypto Game Shutdowns

by admin May 23, 2025



In brief

  • Ethereum-based game Ember Sword generated $203 million in metaverse land sales in 2021.
  • Four years later, the game has been discontinued due to a lack of funding.
  • Numerous crypto games have already shut down this year, including Nyan Heroes and Deadrop.

Four years after attracting $203 million in NFT land sales, Ethereum game Ember Sword has shut down, with developer Bright Star Studios citing a lack of funding required to continue its operations. It’s the latest example of a growing trend of crypto games closing up shop.

“We were ultimately unable to secure the funding needed to continue,” the game’s official site now reads. “We explored every possible way forward. But in today’s market—where even some of the most promising projects are shutting down—we couldn’t find a path to keep building.”

Massively multiplayer online role-playing game (MMORPG) Ember Sword rose to prominence in 2021 amid the metaverse boom—around the time that Facebook rebranded to Meta. It had completed a number of funding rounds, with one disclosed to total $2 million, attracting investment from the likes of video game streamer Dr. Disrespect, The Sandbox co-founder Sebastien Borget, and Twitch co-founder Kevin Lin.

The project also attracted prominent gaming veterans as advisors, including Rob Pardo, former chief creative officer at Blizzard Entertainment and lead designer of the enormously popular World of Warcraft, as well as retired esports player Dennis “Thresh” Fong.

As metaverse mania hit its peak in 2021, there was a virtual land grab, prompting high-value NFT sales in games like The Sandbox and Decentraland. Amid this explosion of interest, Ember Sword itself attracted $203 million worth of NFT land purchases via 35,000 players.

Ember Sword eventually entered closed beta in July 2024, but the gameplay footage was met with a slew of commenters disappointed with the product.

Late in the year, the game entered public early access after moving to Ethereum layer-2 network Mantle—its second move after previously jumping from Polygon to Immutable X.

Now, the game is shutting down for good, with its servers going offline and Discord access being limited. The EMBER token has meanwhile plunged to near-worthlessness, with a market cap of just $82,000 and a price down more than 99% from peak.

“This isn’t the ending any of us wanted,” the site reads. “But we wanted to sincerely thank you for being here, for believing in this vision, and for helping make Ember Sword something we’ll never forget.”



Unfortunately, this isn’t an isolated incident, but rather part of a much broader trend of crypto games closing this month.

Last week, cat-themed Solana shooter Nyan Heroes shut down, with developer 9 Lives Interactive also citing an inability to secure funding as the reason it had to close shop. The hero shooter had just completed its fourth play test via the Epic Games Store, with the studio claiming more than one million players across the four periods. A full version of the game was planned to launch next winter.

That same day, it was announced via Discord that mobile game Blast Royale’s development is set to be discontinued, although the game will become open-source for other developers to pick up. On Monday, Ronin role-playing game Tatsumeeko was also discontinued as its creators said they were shifting focus onto their Discord-based fantasy life simulator called Project: Wander.

Other notable game closures in recent months include Deadrop and The Mystery Society, with Gala Games’ The Walking Dead: Empires also announced to shut down at the end of July.

Edited by Andrew Hayward

GG Newsletter

Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.



Source link

May 23, 2025 0 comments
0 FacebookTwitterPinterestEmail
Michigan lawmakers file 4 crypto bills on retiree funds, CBDCs, mining
Crypto Trends

Michigan lawmakers file 4 crypto bills on retiree funds, CBDCs, mining

by admin May 23, 2025



Michigan lawmakers have introduced four crypto-related bills covering crypto mining, central bank digital currencies (CBDCs) and crypto in state retirement funds.

Republican state Representative Bill Schuette introduced House Bill 4510 on May 21, which would amend Michigan’s Public Employee Retirement System Investment Act to allow the state treasurer, currently Rachael Eubanks, to invest in cryptocurrencies that have averaged a market cap above $250 million over the last calendar year.

Bitcoin (BTC) and Ether (ETH) are the only cryptocurrencies that currently meet that threshold. The bill adds that any cryptocurrencies must be held in the form of an exchange-traded product issued by a registered investment company.

A similar bill was introduced in February, permitting the state treasurer to allocate up to 10% of Michigan’s Budget Stabilization Fund into crypto.

Republican Representative Bryan Posthumus led the introduction of the second bipartisan crypto bill on May 21, HB 4511, which would prohibit Michigan from banning crypto or imposing licensing requirements on crypto holders. It would also prohibit state officials from advocating or supporting a proposed CBDC from the federal government.

The bill defines advocating or supporting a CBDC to involve issuing a memorandum or official statement endorsing a CBDC proposal related to its testing, adoption or implementation.

Source: Bitcoin Laws

Michigan to consider two crypto mining bills

HB 4512, the third crypto bill introduced by a bipartisan group led by Democratic Representative Mike McFall, would create a Bitcoin mining program allowing operators to set up at abandoned oil and gas sites. 

A supervisor would be assigned to determine how much oil or gas could reasonably be expected to be produced from the site, who the last operator of the site was and how long it has been left unused.

Related: US Senate moves forward with GENIUS stablecoin bill

Those seeking to participate in the program would need to submit legal documents outlining their organizational structure, demonstrate their ability to operate as a Bitcoin mining entity and provide estimates of the breakeven price for a profitable venture.

The fourth bill, HB 4513 — also filed by a McFall-led bipartisan group — would amend Michigan’s income tax laws to include income obtained from the proposed Bitcoin mining program.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight 



Source link

May 23, 2025 0 comments
0 FacebookTwitterPinterestEmail
Democrats propose crypto ban for politicians, protest outside Trump’s memecoin gala
GameFi Guides

Democrats propose crypto ban for politicians, protest outside Trump’s memecoin gala

by admin May 23, 2025



Just hours before President Donald Trump’s high-profile gala for holders of his memecoin, Democratic lawmakers moved to curb what they call rising “crypto corruption” in Washington.

Led by Rep. Maxine Waters, 15 House Democrats introduced the “Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025.” 

The bill would prohibit the president, vice president, members of Congress, and their immediate families from owning, promoting, or profiting from digital assets while in office. 

Lawmakers would also be barred from holding crypto assets in ways that allow them to exert unilateral control over the tokens.

“Trump’s crypto con is not just a scam to target investors,” Waters said in a statement. “It’s also a dangerous backdoor for selling influence over American policies to the highest foreign bidder.”

The legislation arrives amid a wave of criticism surrounding Trump’s deepening ties to crypto. The president and his wife, Melania, recently launched personal memecoins. 

Trump’s family has also backed a stablecoin through the crypto firm World Liberty Financial, and his sons are linked to a Bitcoin mining venture. 

Blockchain records indicate that Justin Sun, founder of Tron and a Chinese national, is one of the largest holders of TRUMP (TRUMP) — the memecoin that serves as a ticket to Thursday night’s dinner.

Protests outside the gala

The exclusive gala, hosted at Trump’s golf club in Virginia, invites the top 220 $TRUMP holders — some of whom spent between $55,000 and nearly $38 million in tokens to secure an invitation. 

Critics, including Sen. Richard Blumenthal, accuse Trump of “auctioning” access to the White House and potentially violating the Constitution’s ban on foreign gifts.

Protests are happening outside the event. Senators Chris Murphy, Elizabeth Warren, and Jeff Merkley, along with Rep. Sam Liccardo and advocacy groups, are calling out Donald Trump’s upcoming “meme coin” fundraising dinner as a threat to national security and a potential corruption risk, according to a note shared with crypto.news.

At a press conference today, the group demanded the release of attendee names and any promised favors. Murphy also promoted his recently introduced MEME Act, aimed at curbing digital asset profiteering by public officials.



Source link

May 23, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
Crypto Trends

CFTC Signals Crypto Perps Could Trade in US as Commissioners Head for the Exits

by admin May 22, 2025



In brief

  • CFTC Commissioner Summer Mersinger said Thursday crypto perpetual futures could come to market in the U.S. “very soon.”
  • The approval of those derivatives contracts comes as several commissioners are preparing to leave the federal agency.
  • Perpetual markets generally boast greater trading volume than their spot counterparts.

Outgoing CFTC Commissioner Summer Mersinger signaled Thursday that the Commission could “very soon” greenlight crypto perpetual futures products in the U.S., despite leadership shakeups at the federal agency that risk diminishing its enforcement powers.     

“I think those can come to market now, and we’re seeing some applications, and I believe we’ll have some of those products trading live very soon,” Mersinger told Bloomberg TV in an interview Thursday. 

The products “will be really beneficial to the [crypto] industry broadly and to our economy here in the United States,” she added.

Perpetual futures are financial contracts in which traders speculate on the underlying value of an asset such as Bitcoin or XRP. The offerings’ proponents argue that the availability of 24/7 leveraged trading stateside could significantly bolster participation and inject more liquidity in the U.S. market. However, critics argue perpetual futures pose significant risks to investors.



Commissioner Mersinger’s comments on the likelihood of crypto perpetuals futures’ debut in the U.S. come ahead of her departure from the agency to lead the crypto lobbying group, the Blockchain Association.

She’s one of four commissioners that have signaled their intentions to depart the CFTC, as Republican Caroline Pham and Democrats Christy Goldsmith Romero and Kristin Johnson will also soon step down from their posts. 

The Commission is poised to continue its work under the Trump-appointed Brian Quintenz, a pro-crypto regulator who is awaiting confirmation from the Senate. But with fewer regulators in its ranks, the federal agency may struggle to perform its duties in a timely manner, stymieing any pro-digital asset regulations reforms.

Quintenz may well be the only commissioner left, depending on when the others make their departures, at least until additional commissioners are confirmed by the Senate.

“The reduced number of commissioners could delay enforcement actions, rulemaking activity, and coordination with other financial regulators, increasing pressure on the Senate to expedite the confirmation process,” several partners of Paul Hastings, a U.S.-based law firm, said in a blog post on Thursday.

Edited by James Rubin

Daily Debrief Newsletter

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



Source link

May 22, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

‘Orgy of Corruption’: Senators Slam Trump Crypto Dinner, Demand Info on Attendees

by admin May 22, 2025



Congressional Democrats unloaded on President Donald Trump’s plans to dine with top holders of his meme coin this evening, demanding answers about who will be in attendance, and framing the event as an unprecedented assault on longstanding disclosure norms associated with the U.S. presidency.

“Donald Trump’s dinner is an orgy of corruption,” Sen. Elizabeth Warren (D-MA) said during a press conference Thursday. “The American people have no idea who is buying access to the president, and no idea what they are getting in return.”

The top 220 holders of Trump’s meme coin have been invited to dine with him this evening at his Washington-area golf club. The top 25 holders, who have in some cases spent tens of millions of dollars purchasing the president’s token, will have the opportunity to speak with the president during an even more intimate VIP reception. 

The event will be closed to the press, and the White House has previously declined to answer questions about it, stating that it pertains to President Trump’s personal life and not his official role as president. Trump and his business partners have also thus far refrained from releasing information about who will be dining with the president tonight, or what will be discussed. 

One confirmed attendee of the event is Chinese-born crypto billionaire Justin Sun, who was under investigation by the Department of Justice for suspected financial crimes and was sued by the SEC in 2023 for alleged fraud and market manipulation. In February, the SEC moved to pause its litigation against Sun and work towards “a potential resolution” in the case.

“It provides cover for the most corrupt, for the most compromised, for the worst of the worst, to channel money to Donald Trump in order to get their private audience with him—in order to plead their case for favorable treatment from the federal government, or for investment from the U.S. taxpayer,” Sen. Chris Murphy (D-CT) said of tonight’s dinner.

At today’s press conference, Democrats urged the president to, at the very least, disclose the identities of the meme coin investors he will dine with tonight. A large sign in front of the podium during this afternoon’s press conference read: “Release the Guest List.”

“Let the American people know who has bought access to the president,” Murphy said. “If you think that this is all above board, then what are you hiding?”

Decrypt reached out to the White House asking whether the president plans to release a guest list for tonight’s dinner at some point, but we did not immediately receive a response.

Other senators, including Jeff Merkley (D-OR) and Richard Blumenthal (D-CT), underscored the risk of a sitting U.S. president exposing himself to financial influence from foreign actors. Most of the Trump token’s top investors are customers of foreign crypto exchanges barred from serving U.S. customers.

“It’s not just about corruption,” Blumenthal said. “It is about corruption that endangers our national security by putting the president in a compromised position in relation to foreign powers.”

Numerous Democratic senators also took the opportunity this afternoon to tie the president’s alleged crypto conflicts of interest to digital assets legislation pending before Congress. Several lawmakers directly referenced the GENIUS Act, the stablecoin bill currently under active consideration in the Senate that was nearly derailed earlier this month over outrage in the Democratic Party over Trump’s various crypto ventures. 

Democratic senators, including Murphy, Warren, and Blumenthal, insisted that an amendment be added to the GENIUS Act prohibiting the president from issuing and profiting off his own stablecoin while in office. Trump’s DeFi venture, World Liberty Financial, issued its own stablecoin in March. Democrats should reject the bill if it ends up lacking that amendment, they said.

“Without this fix, we’re not regulating stablecoins,” Warren said. “We are turbocharging the same corruption that we are witnessing tonight as Donald Trump opens the White House doors and sells favors to his wealthy crypto allies.”

Opposition to Trump’s crypto ventures is quickly crystallizing into one of Democrats’ most salient critiques against the president’s second term. Earlier today, House Democrats introduced a bill that would restrict the president and his immediate family from engaging in crypto-related business dealings while he serves in office.

Daily Debrief Newsletter

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



Source link

May 22, 2025 0 comments
0 FacebookTwitterPinterestEmail
Tom Carreras
Crypto Trends

BlockTrust IRA Brings Quant Trading Tools to Crypto Retirement Accounts

by admin May 22, 2025



As spot bitcoin

exchange-traded funds continue to grow and Wall Street wades deeper into crypto, more and more people are able to gain exposure to digital assets through their individual retirement accounts (IRAs).

IRAs offer tax advantages and a range of investment options, including stocks, real estate, commodities and, increasingly, cryptocurrencies. But when it comes to crypto, there’s usually only one investment strategy available: to buy and hold.

It’s a strategy that might work well for assets like the S&P 500, which have long track records of steadily appreciating over longer time frames, but bitcoin is still an extremely volatile asset and other coins even more so.

The idea behind BlockTrust IRA, then, is simple: to manage the crypto positions of its customers in order to take advantage of that volatility and maximize their returns.

“We’re the only company that has an AI tool meshed with traders that put people automatically in cash [when need be]. Then we wait for the right signals, and we buy back in,” Jonathan Rose, the firm’s CEO, told CoinDesk in an interview.

“Where people are scared of volatility and scared of risk, we actually want the volatility and the risk associated with that, because that’s how we actually make our clients money,” Rose said. “We are right a lot more than we are wrong, and that’s how we’re able to beat the benchmark.”

BlockTrust’s secret sauce? Animus Technologies, a fund that provides intelligent asset management solutions for crypto. Animus has servers around the world and quantifies humongous amounts of data — to the point that a European government body has reached out to inquire what exactly they’re quantifying data for, according to Rose.

Animus typically only shares its signals with high net-worth individuals and fund clients, Rose said. In other words, crypto retail participants may now benefit, through their BlockTrust accounts, from the kind of trading mechanisms that previously were only available to quant funds.

The sophisticated strategies are currently only available for bitcoin

and ether , but BlockTrust offers exposure to 60 different cryptocurrencies, Rose said. Users of the platform can invest as little as $1,000 for non-managed accounts, or $25,000 if they want a managed account — and trading fees can go as low as 0.4% for the former and 0.14% for the latter.

BlockTrust IRA went live officially in February. In March, the firm had accrued $10 million in assets, and Rose expects it to bring in roughly $100 million before the end of the year.

The company’s early success may also be due to the fact that it’s not just open to U.S. residents, but to people all around the world, as long as they can pass its Know-Your-Customer (KYC) checks. Americans do have the added advantage of being able to use their tax-deferred retirement savings to gain exposure.

Crypto markets are ever changing, and trading strategies that function perfectly for a long time may suddenly become outdated due to shifts in the economic environment or crypto-intrinsic changes — potentially threatening to render Animus’ approach obsolete someday. But Rose isn’t concerned.

“When [the people at] Animus Technologies go to these hedge fund conferences and speak, they always come back with a big grin on their faces, because they’re like, ‘We are so light-years ahead of anyone remotely doing what we’re doing,’” Rose said. “It’s going to take like four to six years for people to even kind of catch up to us.”



Source link

May 22, 2025 0 comments
0 FacebookTwitterPinterestEmail
$670M in Bitcoin Moved to Major U.S. Crypto Exchange In Mere Hours
GameFi Guides

$670M in Bitcoin Moved to Major U.S. Crypto Exchange In Mere Hours

by admin May 22, 2025


On May 22, leading U.S.-based crypto exchange Coinbase received large transfers involving a total of 6,016 BTC from multiple unknown whales, according to recent data from on-chain tracking platform Whale Alert.

According to the data source, the massive Bitcoin transfers, worth more than $670 million, were executed consecutively in 13 separate, identical transactions.

The 13 transactions saw transfers made in identical amounts, with different unknown wallets sending 463 BTC to Coinbase 11 times. The remaining two transfers involved 462 BTC and 461 BTC, bringing the total Bitcoin inflow to 6,016 BTC in just a few hours.

Although the tracker could not identify the sender’s address, it revealed that the transactions were made from separate unknown accounts.

Whales dump on Bitcoin Pizza Day?

With the large BTC transfers coming during a major Bitcoin bull run that saw the leading cryptocurrency set new records and hit a new all-time high, the move has sparked discussions among the crypto community.

The timing has caught the attention of market participants as it coincides with the legendary Bitcoin Pizza Day, causing enthusiasts to speculate about the motive behind the transfer.

While the transfers were consistent in size and happened in rapid sequence, there are suggestions that it might be a coordinated activity from a single institution attempting to dump its Bitcoin stash.

You Might Also Like

Oftentimes, large transfers to a highly liquid platform like Coinbase have been associated with major players preparing to sell off their assets to take profits after amassing gains from Bitcoin’s upsurge.

While movements like this often negatively influence Bitcoin’s price, the cryptocurrency has remained bullish, trading in the green zone since yesterday. Although the reason behind the massive Bitcoin transfers remains uncertain, it has not directly impacted the asset’s price.

Over the last day, Bitcoin has surged by 4.56%, according to data provided by CoinMarketCap. While it achieved a new high of $111,915 today, the coin is trading at $111,538 as of press time.

Source: CoinMarketCap 

Although market participants expect Bitcoin’s price to remain bullish in the long run, recurring dump activities from whales could slow down its potential to continue rising.



Source link

May 22, 2025 0 comments
0 FacebookTwitterPinterestEmail
Crypto Is Still Early, Binance’s CZ Says
Crypto Trends

Crypto Is Still Early, Binance’s CZ Says

by admin May 22, 2025


  • What CZ got wrong 
  • Crypto as the currency for AI

Changpeng Zhao, former chief executive officer at cryptocurrency exchange Binance, has opined that crypto is still early during a recent conversation with Real Vision founder Raoul Pal.

During his interview, he opined that nation-level Bitcoin adoption is only starting to kick off since only a handful of countries are talking to him.  

So far, the rally has been driven primarily by exchange-traded funds, according to Zhao.

“It’s very hard to time the market. So far, the markets go on four-year cycles. Uh, but it’s very hard to tell, like, know if this one is going to be short—shorter or longer,” he noted.  

What CZ got wrong 

Notably, Binance did not expect to experience such tremendous growth within such a short period of time, but CZ has noted that the industry changes quickly. 

“We got a lot of things wrong… We didn’t expect the growth we had,” he said. 

CZ has admitted that he did not expect stablecoins and meme cryptocurrencies to become that big. 

The former Binance boss is certain that blockchain and AI are easy to predict in the long term. 

“I don’t predict industries, but the long term is easy to predict. Blockchain is going to be really really important. AI is going to be really really important,” he said. 

Crypto as the currency for AI

During the interview, CZ also predicted that AI would be able to generate 10 times more tokens than humans. 

“AI needs a lot of data to train… that data should be captured on the blockchain in a privacy-preserving way,” he said. 

CZ has noted that AI will be transacting with other AIs, and the only way to make that payment is crypto.

“We may not be the profit drivers anymore. Economic engines will come from the AIs,” he said. 



Source link

May 22, 2025 0 comments
0 FacebookTwitterPinterestEmail
  • 1
  • …
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50

Categories

  • Crypto Trends (1,005)
  • Esports (756)
  • Game Reviews (692)
  • Game Updates (884)
  • GameFi Guides (996)
  • Gaming Gear (952)
  • NFT Gaming (980)
  • Product Reviews (941)
  • Uncategorized (1)

Recent Posts

  • Get up to 35 percent off Anker wireless chargers ahead of Labor Day
  • What Does Bitcoin Do? Strategy’s Saylor Answers With Just 2 Words
  • XRP to $3.6 Next? Bulls Refuse to Back Down
  • La Liga Soccer: Stream Oviedo vs. Real Madrid Live From Anywhere
  • Lynx’s Napheesa Collier scores 32 in return from ankle injury

Recent Posts

  • Get up to 35 percent off Anker wireless chargers ahead of Labor Day

    August 25, 2025
  • What Does Bitcoin Do? Strategy’s Saylor Answers With Just 2 Words

    August 25, 2025
  • XRP to $3.6 Next? Bulls Refuse to Back Down

    August 25, 2025
  • La Liga Soccer: Stream Oviedo vs. Real Madrid Live From Anywhere

    August 25, 2025
  • Lynx’s Napheesa Collier scores 32 in return from ankle injury

    August 25, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

About me

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.

Recent Posts

  • Get up to 35 percent off Anker wireless chargers ahead of Labor Day

    August 25, 2025
  • What Does Bitcoin Do? Strategy’s Saylor Answers With Just 2 Words

    August 25, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2025 laughinghyena- All Right Reserved. Designed and Developed by Pro


Back To Top
Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop

Shopping Cart

Close

No products in the cart.

Close