Author: Kryptonews

The hacker behind the data breach targeting Coinbase users mocked blockchain investigator ZachXBT with an onchain message following a major crypto swap.On May 21, the hacker used Ethereum transaction input data to write “L bozo,” followed by a meme video of NBA player James Worthy smoking a cigar.The message came after the attacker swapped about $42.5 million from Bitcoin (BTC) to Ether (ETH) via THORChain. ZachXBT flagged the message on his Telegram channel, linking it to the same entity responsible for the Coinbase data breach affecting at least 69,400 users.Coinbase hacker trolling ZachXBT. Source: ZachXBT.On May 22, blockchain security firm…

Bitcoin (BTC/USD) is up big, hitting $111,888 on May 21—just 1.3% off the January 2025 high of $113,369. The move is being driven by institutional activity, particularly in futures, where open interest has hit a record $72 billion. That’s 8% higher over the last week, which means big players are getting directional.Over $3 billion in short positions are concentrated between $107,000 and $108,000, which is now a liquidation cluster. If Bitcoin breaks $113,369, it could trigger a short squeeze and send price parabolic. Bitcoin futures open interest hit a record $72B today as institutional leverage climbs. Around $1.2B in shorts…

pSTAKE rose almost 57% on May 21, leading the daily gainer altcoins. RIZ, SXT, and COOKIE all gained significantly as traders gravitated towards staking and utility-based assets. Mid-cap performers benefited from liquidity and visibility from major exchanges like Binance and Coinbase. Several altcoins on May 21, 2025, registered double-digit gains, with pSTAKE Finance (PSTAKE) topping the charts, logging a 56.9% price gain. Additionally, it highlighted a spike in interest around lower cap and mid-tier projects, trading on Binance and other mainstream centralized exchanges. The rally was led by pSTAKE Finance which went up to $0.06 market cap at $33.8 million.…

Bitcoin transaction fees have surged recently, raising concerns and prompting discussions within the cryptocurrency community. This uptick in fees is directly tied to increased network congestion, driven by several factors that are impacting transaction processing times. Let’s delve into the reasons behind the spike and its implications. Understanding the Surge in Fees The Bitcoin network operates on a proof-of-work consensus mechanism. Transactions are grouped into blocks, and miners compete to solve complex cryptographic puzzles to add these blocks to the blockchain. Whenever demand to include transactions on the blockchain increases beyond its capacity, a backlog forms, leading to higher transaction…

Introduction to the NFT Phenomenon The rise of Non-Fungible Tokens (NFTs) has revolutionized the way digital assets are created, traded, and valued. Among the various NFT standards, ERC-721 has emerged as the dominant force in the digital art and collectibles market. But what makes ERC-721 NFTs so popular? This article explores the key reasons behind their dominance. The ERC-721 Advantage: Unique Ownership & Traceability ERC-721, developed by the Ethereum blockchain, introduced a standardized smart contract interface for creating and trading unique digital assets. Unlike fungible tokens (like cryptocurrencies), ERC-721 NFTs are non-fungible, meaning each token is distinct and irreplaceable. This…

Dogecoin (DOGE), the original meme cryptocurrency, has regained market attention following a wave of bullish catalysts in May 2025. After navigating significant volatility, the asset now shows signs of renewed momentum supported by favorable technical indicators, robust on-chain data, and a resurgence in investor sentiment.Technical AnalysisDogecoin (DOGE) experienced significant volatility throughout May. After rallying to the $0.25–$0.26 range in early May, the price retraced to around $0.21–$0.22 by mid-month. Currently, a key support zone between $0.212 and $0.214 remains intact, with notable rebounds accompanied by high trading volume – an indication of active buying interest at this level. The $0.2135…

Tony Kim May 22, 2025 05:09 OKX launches xBTC on the Sui network, enhancing Bitcoin DeFi with secure, scalable solutions. This move strengthens Sui’s position in the BTCfi ecosystem. In a significant development for the decentralized finance (DeFi) sector, OKX has announced the launch of its xBTC asset on the Sui network, according to Sui Foundation. This move is expected to bolster Sui’s reputation as a high-performance platform for Bitcoin-powered DeFi initiatives. Enhancing Sui’s BTCfi Ecosystem Bitcoin holders are set to benefit from expanded options on Sui as BTC-backed assets gain traction in…

Bitcoin’s dominance relative to other major cryptocurrencies continues to soar reaching a new 4-year high. Bitcoin’s (BTC) dominance has surged to 64%, a four-year high, signaling its unrivaled strength in the cryptocurrency market. This metric, which measures Bitcoin’s share of the total crypto market capitalization, reflects a growing preference for Bitcoin as a safe haven amid economic uncertainty. As BTC’s price hovers above $96,000, institutional inflows via ETFs and corporate treasury adoption, like Metaplanet’s 5,000 BTC holdings, are fueling this rally. But what does this mean for other major blockchain chains like Ethereum (ETH), Solana (SOL), and Binance Chain (BNB)?…

What Makes Effective Technical & Developer-Focused Headlines? Technical and developer-focused headlines stand apart from mainstream marketing copy. They prioritize clarity, relevance, and utility—speaking directly to the needs of professionals who seek actionable insights, problem-solving solutions, and cutting-edge techniques. A well-crafted headline in this space should not just attract attention but also assure the audience that the content delivers substance. Here’s how it’s done: Key Characteristics of Strong Developer-Focused Headlines Precision & SpecificityDeveloper-focused headlines avoid abstract marketing jargon. Instead, they use precise keywords that reflect the exact tools, technologies, or challenges the content addresses. For example: “Optimize PostgreSQL Performance with 5…

Global Economic Snapshot: Navigating Uncertain Waters The global economic landscape remains a complex tapestry woven with threads of resilience and uncertainty. Inflation continues to be a central concern, though some regions are witnessing a gradual easing of price pressures. Central banks worldwide are carefully calibrating monetary policy, balancing the need to curb inflation with the risk of triggering recession. Geopolitical tensions and supply chain disruptions add further layers of complexity, contributing to volatility across various markets. Stock Market Performance: A Mixed Bag Global stock markets have exhibited a mix of performance in recent weeks. While some indices have shown signs…