Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
Veröffentlicht am

Best crypto to buy as analysts think FTX repayments could act as a tailwind for the broader market

  • In search of speculative momentum, traders are increasingly drawn to early-stage tokens like Bitcoin Pepe.
  • The upcoming $5 billion payout from the FTX Recovery Trust could be a shot in the arm not just for major cryptocurrencies but also for speculative plays like Bitcoin Pepe.
  • So far, the project has raised more than $12.7 million, with its token, BPEP, currently priced at $0.0396.

Bitcoin (BTC) and Ethereum (ETH) dropped 2.5% and 5%, respectively, on Saturday after US President Donald Trump accused China of breaching its trade deal with the United States, reigniting concerns over escalating trade disputes.

The market was initially steady following the release of the latest US Personal Consumption Expenditures (PCE) data, which met expectations.

However, sentiment soured after Trump took to Truth Social, asserting that China had backed out of commitments made in a prior agreement.

This latest development adds another layer of uncertainty to markets already rattled by tariff-related tensions that began surfacing in February, particularly involving Canada and Mexico.

As Bitcoin faces another bout of volatility, retail traders appear to be shifting focus toward riskier, high-reward assets such as Bitcoin Pepe, which is now in the final stage of its presale.

In search of speculative momentum, traders are increasingly drawn to early-stage tokens like Bitcoin Pepe.

These assets offer the prospect of significant returns due to a combination of low initial pricing, strong viral marketing, and the potential for sharp gains once exchange listings commence.

Can FTX repayments help the crypto market?

The FTX Recovery Trust is set to distribute more than $5 billion in cash and stablecoins to creditors starting Friday, with recipients expected to receive funds within the next three business days via BitGo and Kraken.

This marks the second major tranche of repayments since the collapse of the crypto exchange.

The first round, launched on February 18, returned approximately $7 billion to creditors with smaller claims, primarily those under $50,000.

That earlier wave had limited market impact, as it coincided with a broader risk-off environment and ongoing macroeconomic headwinds.

This time, however, conditions are different. Analysts at Coinbase noted in a report on Friday that crypto market sentiment has improved significantly, raising the possibility that the latest round of repayments could act as a tailwind.

The key difference lies in how the funds are being delivered: stablecoins rather than fiat or mixed assets.

That shift provides immediate on-chain liquidity, increasing the likelihood that some of the capital will be reinvested into crypto markets rather than withdrawn or parked in traditional accounts.

Coinbase analysts also pointed to a more favorable macro and regulatory backdrop.

With Bitcoin and other major digital assets staging a rebound and US lawmakers making tangible progress toward regulatory clarity, institutional players may feel more confident deploying new capital.

If reinvestment flows materialize, this could add fuel to an already recovering market, though the ultimate impact will hinge on how recipients choose to deploy their reclaimed assets.

Can Bitcoin Pepe also benefit?

The upcoming $5 billion payout from the FTX Recovery Trust could be a shot in the arm not just for major cryptocurrencies but also for speculative plays like Bitcoin Pepe.

With repayments being made in stablecoins, offering immediate on-chain liquidity, and crypto market sentiment on the upswing, traders flush with fresh capital may look to redeploy funds into high-risk, high-reward tokens.

That dynamic could work in favor of early-stage assets riding viral momentum.

Bitcoin Pepe, a meme-centric Layer 2 built on the Bitcoin network, is gaining momentum as it nears the close of its ongoing presale.

The project aims to blend the security of Bitcoin with Solana-like scalability—a technical advantage that sets it apart from typical meme tokens, which often lack functional infrastructure.

Its ecosystem ambitions are backed by a series of strategic partnerships, including Super Meme, Catamoto, and Plena Finance.

A collaboration with GETE Network is also in place to expand its footprint in cross-chain Web3 gaming.

The hybrid approach—pairing blockchain utility with viral meme appeal—has resonated with retail investors.

So far, the project has raised more than $12.7 million, with its token, BPEP, currently priced at $0.0396.

The presale ends on May 31, and a listing on centralized exchanges is expected shortly thereafter, which could act as a near-term catalyst for price action.

With sentiment across crypto markets turning more constructive and retail capital rotating into speculative plays, Bitcoin Pepe is positioning itself to ride both technical and cultural tailwinds.

The post Best crypto to buy as analysts think FTX repayments could act as a tailwind for the broader market appeared first on CoinJournal.

Veröffentlicht am

Livepeer (LPT) price surges 150% as it defies market downturn

  • Livepeer price rose 150% to hit $14.15 on Friday, May 30, 2025.
  • LPT defied downtrend for top coins such as Bitcoin that dipped to $105k.
  • Other tokens such as Pocket Network, White Rock, and Numeraire also soared.

Livepeer is among the few altcoins to rip on Friday as the market witnessed another bout of sell-off trades that pushed Bitcoin to $105k.

The LPT token, native to the decentralized AI protocol Livepeer, spiked an impressive 150% to rank alongside the likes of Pocket Network, White Rock, and Numeraire as leading performers in the past 24 hours.

Why did Livepeer’s price skyrocket today?

Livepeer’s token had not crossed above $10 since dipping from above $15 in mid-May.

However, buoyed by a series of positive news, including the surge in Nvidia stock after positive earnings reports, it surged more than 150% to hit $14.15.

The level marked Livepeer’s highest price since January.

Part of the rally ensued and gathered pace as the LPT community exploded in optimism on an announcement from Upbit, South Korea’s largest crypto exchange.

Listings on the Upbit exchange often catapult trading volumes upon listing of trading pairs. Livepeer experienced just that.

Upbit added KRW and USDT pairs.

According to data from CoinMarketCap, the daily volume for Livepeer rose a staggering 10,900% to hit $2.9 billion.

On May 27, 2025, crypto asset manager Grayscale introduced the Artificial Intelligence Crypto Sector, noting tokens in the segment had seen massive growth since the third quarter of 2023.

20 tokens in the sector have seen their combined market cap jump to $20 billion, up from a low of $4.5 billion in Q1, 2023.

Livepeer is one of the tokens to see such growth in the past year.

Bulls gain, but what’s next for LPT price?

The surge saw LPT rank among the biggest movers on the day. As noted, these numbers largely defied the trend across the crypto market, with trader James Wynn experiencing a liquidation of around $100 million, as BTC dropped more than 2% to lows of $105k.

LPT price chart on CoinMarketCap

If bulls break above $15, bullish continuation could see the price target of $20.

The next major resistance level could be the June 2024 supply wall around $25.

However, traders might want to be cautious as potential profit taking and broader market weakness could shift sentiment first.

Crypto analysts at CryptoQuant have noted as much, saying continued liquidations in the altcoin market are likely to continue outpacing Bitcoin.

“Altcoin liquidations have consistently surpassed Bitcoin’s, suggesting that excessive leverage in altcoins has been aggressively punished as prices continued to trend lower,” CryptoQuant posted on X.

If LPT price flips lower, key support levels will be $9.5 and then $5.3.

The post Livepeer (LPT) price surges 150% as it defies market downturn appeared first on CoinJournal.

Veröffentlicht am

Conor McGregor calls for Bitcoin strategy in Ireland

  • Strategy aims to reduce financial corruption and boost sovereignty.
  • Panama–El Salvador alliance pushes for regional Bitcoin leadership.
  • US bank report highlights CRE stress, renewing Bitcoin’s safe haven appeal.

As Ireland grapples with calls for deeper financial reform, a bold new proposal is emerging from one of the country’s most recognisable public figures.

UFC legend and 2025 presidential hopeful Conor McGregor has suggested creating a national Bitcoin strategic reserve to empower Irish people and help eliminate financial corruption.

His plan draws inspiration from El Salvador’s approach, where President Nayib Bukele made Bitcoin legal tender and significantly altered the country’s economic trajectory.

Now, McGregor wants Ireland to forge a similar path—using decentralised finance to strengthen national autonomy and reduce reliance on centralised banking systems.

McGregor’s strategy draws from El Salvador’s Bitcoin model

McGregor announced his presidential ambitions in March 2025, shortly before floating the idea of a Bitcoin-based reserve system for Ireland.

Posting on X, he praised President Bukele’s success in El Salvador, noting that Bitcoin adoption played a major role in reducing corruption and crime.

McGregor’s proposal goes beyond digital asset investment—it suggests positioning Bitcoin as a foundational pillar for national monetary policy, with the reserve acting as a hedge against inflation and traditional financial sector vulnerabilities.

The comparison to Bukele is intentional. Bukele’s government was the first in the world to declare Bitcoin legal tender, backed by a nationwide wallet rollout and state-managed reserves.

Though not without its critics, the initiative has attracted global attention.

McGregor believes this model could support a more transparent financial system in Ireland, one he says would put “the people’s money” back into public hands.

Reaction on social media and beyond

The idea sparked widespread debate online. While some praised McGregor’s forward-thinking stance, others criticised his phrasing, particularly his reference to “crypto” instead of Bitcoin specifically.

The distinction was not lost on Bitcoin maximalists, who argued that the proposal’s credibility rests on a focus on Bitcoin’s unique decentralised qualities, not broader digital assets.

Despite the terminology debate, interest in McGregor’s plan is growing, with his call to invite Bukele to Ireland gaining traction.

McGregor’s campaign team has not yet released a detailed policy document, but insiders say talks are underway to explore feasibility and integration with Ireland’s existing financial framework.

Analysts point out that any move towards incorporating Bitcoin into sovereign wealth strategies would require legislative backing, regulatory clarity, and public trust.

Global momentum builds as LATAM plans to step up Bitcoin adoption

Ireland isn’t the only nation contemplating a more significant role for Bitcoin.

At the Bitcoin Conference, held earlier this month, Panama City mayor Mayer Mizrachi advocated for a regional Bitcoin alliance between Panama and El Salvador.

The proposal underscores a broader shift in parts of Latin America towards Bitcoin-led economic reform, especially in countries historically impacted by currency instability or corruption.

Mizrachi called the proposed alliance a “push for global financial freedom,” further boosting Bitcoin’s geopolitical narrative.

This trend may increase pressure on developed nations like Ireland to reconsider their current stance on cryptocurrencies and blockchain integration in public finance.

The post Conor McGregor calls for Bitcoin strategy in Ireland appeared first on CoinJournal.

Veröffentlicht am

SUI price eyes $10 rebound after ETF hype and CETUS recovery vote

  • Over 90% of stakers and validators voted to approve CETUS’s recovery plan.
  • SUI ETF filings by 21Shares and Canary have boosted investor interest.
  • Analysts predict SUI could reach $10 if ETF sentiment and recovery efforts sustain.

SUI, the native token of the Sui blockchain, is under renewed scrutiny as its price traded at $3.46 on Friday—well below its recent peak of $4.18.

Sui price
Source: CoinMarketCap

A combination of market-wide uncertainty and a major security exploit on its decentralised exchange, CETUS, triggered a nearly 20% decline in just over a week.

However, fresh optimism has emerged, fuelled by two major developments: overwhelming community approval of CETUS’s recovery plan and speculation around a potential spot SUI ETF.

These developments are prompting analysts and investors to reassess the token’s short-term trajectory.

CETUS recovery vote changes sentiment

The sharp drop in SUI’s price coincided with an exploit on the CETUS Protocol that saw $223 million in digital assets stolen.

Of this amount, approximately $162 million was frozen through collaborative efforts involving validators and security teams.

Initially, the event cast a bearish shadow over the SUI ecosystem, undermining investor confidence and pushing the token to a low of $3.32.

But sentiment shifted following CETUS’s announcement that its community had approved a formal recovery plan.

According to the team, over 90% of validators and stakers voted in favour of returning frozen funds to impacted users.

The swift community response and coordinated mitigation efforts have helped restore some degree of trust in the protocol, limiting the downside pressure on SUI.

This was reflected in the price action, which remained above the 50-day exponential moving average (EMA) despite the hack.

Technical indicators now suggest the formation of a bullish flag—a chart pattern often seen as a continuation signal—further strengthening the case for a potential rebound.

SUI ETF applications add fuel to the rebound scenario

Alongside protocol-level recovery, market optimism has been buoyed by increasing speculation around a spot SUI ETF.

21Shares recently joined Canary in submitting applications, adding legitimacy to the push for broader institutional access to altcoins like SUI.

If approved, a spot ETF would allow regulated investment products to hold SUI directly, opening doors for institutional capital and potentially increasing liquidity and price stability.

The US Securities and Exchange Commission (SEC), now chaired by Paul Atkins, has yet to approve any altcoin ETFs, but analysts expect decisions on a range of applications—including those for Litecoin (LTC), XRP, and Cardano (ADA)—by the end of the year.

This renewed focus on exchange-traded vehicles has placed SUI on the radar of institutional investors.

A post on X by Crypto Bullet, a crypto analyst with a substantial following, noted that the token might be “preparing for a parabolic move” that could take it above $10 by June.

According to the analyst, SUI has completed a Wave 2 correction and is now entering a potential Wave 3 rally phase.

Analysts forecast retest of $5.37, with $10 in sight

Despite the recent correction, market participants are not ruling out a strong rebound.

Technical analysis points to resistance levels at $3.945 and $4.8587, with the potential to retest the previous all-time high of $5.3700 if momentum continues.

If ETF-related speculation remains strong and CETUS successfully executes its fund return plan, a breakout above these levels could send SUI into double digits.

However, any upside will likely depend on how broader macroeconomic and regulatory conditions evolve, especially in light of ongoing geopolitical tensions that have rattled digital asset markets globally.

As of now, the SUI price continues to hover below $3.50, but a convergence of fundamental recovery and technical signals may provide the spark needed for the next leg up.

The post SUI price eyes $10 rebound after ETF hype and CETUS recovery vote appeared first on CoinJournal.

Veröffentlicht am

Sui passes vote to repay Cetus exploit victims

  • The Sui community has approved returning $162M in frozen assets to Cetus victims.
  • The funds will be held in a multisig wallet for user repayment.
  • Sui also launched a $10M security push after the $223M exploit.

In a significant move for user restitution and ecosystem resilience, the Sui community has officially approved a vote to return over $160 million in frozen assets following the massive exploit of the Cetus decentralised exchange.

The decision, reached through an on-chain governance vote, marks a decisive moment in the network’s response to one of its most critical security events to date.

Sui Network validators froze $162M in assets stolen in the Cetus hack

On May 22, Cetus Protocol suffered a devastating exploit that drained over $223 million from its liquidity pools after attackers exploited a vulnerability in third-party code.

Following the breach, validators on the Sui network acted swiftly to freeze approximately $162 million in stolen assets, preventing further damage.

This rapid intervention by validators set the stage for an organised recovery process, which culminated in the community vote that concluded on May 29.

With 90.9% of validator stake voting in favour of the proposal, 1.5% abstaining, and 7.2% not participating, the governance vote was overwhelmingly approved.

The recovered funds will now be transferred into a multisignature wallet held in trust, enabling a transparent mechanism for returning assets to affected users.

Cetus, which requested community support shortly after the exploit, has committed to combining the recovered funds with its own treasury and an emergency loan from the Sui Foundation.

This comprehensive recovery package is designed to ensure that all impacted users receive full compensation, thereby restoring trust in the protocol and the broader ecosystem.

Sui and Cetus are vigorously addressing the May 22 exploit

Although the vulnerability that led to the exploit was located in Cetus’ own code, the Sui community has treated the incident as a pivotal learning opportunity.

In response to the breach, the Sui Foundation announced a $10 million initiative aimed at enhancing protocol security through improved auditing practices and formal verification tools.

Moreover, the network is expanding its bug bounty program to include major protocols with high total value locked, reinforcing its long-term commitment to ecosystem security.

Cetus has also issued a detailed roadmap outlining its recovery and restart plans, which are expected to unfold over the course of the coming week.

The protocol confirmed that the first step involves the implementation of an upgrade by validators to move the funds into the multisig wallet.

Subsequently, Cetus will activate its emergency recovery pool and complete a full restoration of its data infrastructure.

In a post shared on May 29, Cetus stated that a dedicated compensation contract is in development and will undergo auditor review before being deployed.

Once the protocol resumes full operation, liquidity providers in the affected pools will regain access to their assets, while any residual losses will be addressed through the compensation contract.

While the community’s fast action has earned praise from many in the crypto industry, some decentralisation advocates have raised concerns over the ability of validators to freeze on-chain funds.

Nevertheless, the decisive governance process and transparent communication have strengthened community confidence and underscored Sui’s readiness to confront large-scale security challenges.

Notably, as earlier reported here, Sui has hit the highest-ever monthly DEX volume despite a price dip following the Cetus exploit.

With the vote finalised and recovery efforts already underway, both Cetus and the Sui ecosystem are poised for a resilient return.

The post Sui passes vote to repay Cetus exploit victims appeared first on CoinJournal.