Author: CryptoHoppers
The cryptocurrency market will see token unlocks totaling $549 million between May 25 and June 1, with Sui and Bio Protocol leading the releases. These unlocks consist of both cliff unlocks, where large amounts are released at once, and linear unlocks that gradually increase the circulating supply over time. Sui leads large cliff unlocks Sui clears the week’s largest cliff unlocks with 44.00 million tokens worth $157.94 million becoming available. This is 1.32% of the entire supply of unlocks. This is the largest single token unlock by dollar value from May 25 through June 1. As per Tokenomist data, Bio…
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Key Takeaways Sam Bankman-Fried’s prison sentence is reduced by over four years due to good behavior and program participation. Caroline Ellison received a sentence reduction of about six months, with release expected in May 2026. Share this article Sam Bankman-Fried may not serve his full 25-year sentence for crypto fraud. According to Business Insider, the Bureau of Prisons (BOP) estimates that his release could come in under 21 years due to credits for good conduct, time already served, and participation in prison rehabilitation programs.According to the BOP, the federal agency in charge of managing inmates in US prisons, Sam Bankman-Fried…
Key NotesUS President Donald Trump threatened a 50% tariff on EU imports.Bitcoin investors showed signs of consistent accumulation.Spot BTC ETFs recorded their third-largest weekly inflows. Right after Bitcoin (BTC) broke its previous all-time high of $109,000, a shocking wave of selloff was triggered from the US government’s side again. Bitcoin reached a new ATH of $111,970 on May 22, and the global crypto market cap surpassed the $3.5 trillion mark again. A day later, US President Donald Trump threatened the European Union with a 50% tariff on all imports. Trump said the negotiations with the EU were not going well.…
Shiba Inu is nearing a local technical bear market after falling by over 17% from its highest point this month. Shiba Inu (SHIB) was trading at $0.000014 on Sunday, with its 24-hour volume dwindling to $158 million. This volume is much lower than that of other popular meme coins like Dogecoin (DOGE), Pepe (PEPE), Official Trump (TRUMP), and Bonk (BONK). The underperformance is happening because of the ongoing whale and mart money selling and falling burn rate. ShibBurn data shows that the daily burn rate crashed by 85% to 2.14 million. Its weekly burn rate also dropped, with the biggest…
Key Takeaways A Kentucky crypto investor was arrested for allegedly kidnapping and torturing an Italian tourist to extract crypto passwords. Two suspects face multiple charges including first-degree kidnapping and assault due to the alleged crime in a Manhattan apartment. Share this article A Kentucky crypto entrepreneur has been arrested and faces severe charges after allegedly kidnapping and torturing an Italian tourist with a chainsaw and other brutal methods to force him to hand over crypto account passwords, police sources told the New York Post. The suspect, John Woeltz, was taken into custody on Friday after the Italian victim made an…
Whale accumulation rises as MVRV divergence signals a more mature market structure. Short liquidations and trendline support position BTC for a move to $114K. Bitcoin [BTC] recently set a new all-time high above $108K, yet its MVRV ratio remains significantly below the peaks recorded in previous cycles (2013, 2017, 2021), which often exceeded 3.5. This divergence is largely due to the rising Realized Cap, suggesting that more coins are now held by strong hands with higher cost bases. As a result, the typical profit-taking behavior seen during past MVRV spikes hasn’t materialized. This shift reflects deeper market maturity and indicates…
[…] This ruling could influence future crypto-related prosecutions, particularly those involving decentralized finance platforms. It also raises questions about jurisdiction in digital asset cases. […] Source link
Key Takeaways X experienced its third global outage this week, affecting users worldwide. The platform has not explained the repeated service failures despite the disruptions. Share this article Elon Musk’s social platform X, formerly known as Twitter, suffered its third major outage this week, as users around the world reported widespread disruptions early Saturday morning. The latest disruption follows similar service failures on Thursday and Friday.According to Downdetector, which tracks real-time user complaints, the outage peaked with more than 25,000 reports. Problems began around 8:37 a.m. ET, with users unable to load timelines, post updates, or access core features of…
A widely followed analyst and trader believes Bitcoin (BTC) is set to go even higher after recently hitting a new all-time high. The analyst, pseudonymously known as Credible Crypto, tells his 467,200 followers on the social media platform X that Bitcoin is now in the final phase of a bullish cycle. Credible Crypto, who regularly applies the Elliott Wave theory in his technical analysis, says Bitcoin is in the final wave of the main bullish trend. The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs…