Schlagwort: crypto business

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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.

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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.

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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.

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ACH price risks fresh sell-off amid cypto downturn

  • The Alchemy Pay (ACH) price fell more than 8% in 24 hours as Bitcoin pulled back to $105k.
  • ACH price is, however, struggling despite Alchemy Pay’s partnership with World Liberty Financial.
  • Investors could see extended pain as the technical outlook favours another leg down.

Alchemy Pay (ACH) price was down 8% in the past 24 hours despite Alchemy Pay striking a key partnership with Trump-backed World Liberty Financial.

The altcoin’s drop alludes to sharp profit taking following recent gains that came amid the crypto payments network’s expansion in Australia.

While a crypto downturn for major coins amid risk assets market uncertainty continues to dictate sentiment, could the integration with World Liberty Financial boost the price of ACH?

Alchemy Pay integrates World Liberty Financial’s USD1 stablecoin

On May 26, Alchemy Pay announced a major milestone with expansion in Australia. The crypto payment solutions provider revealed the integration of PayID, a local interbank payment service.

News of the partnership briefly boosted ACH price, but its been downhill since early May when bears pushed bulls from above $0.030.

But Alchemy Pay has announced a series of key integrations as it continues to expand its on/off-ramp solution.

Other than adding support for crypto exchange XT.COM, Alchemy Pay also integrated a Celo blockchain-based, non-custodial stablecoin wallet, MiniPay. The move allows MiniPay users to access stablecoins such as USDT, USDC, and cUSD with their local fiat currencies.

Latest on this list is the integration with World Liberty Financial, a DeFi project backed by US President Donald Trump’s family.

For this partnership, Alchemy has added support for USD1, the US-dollar pegged stablecoin WLFI launched earlier in the year.

Alchemy now supports on-ramp access to the stablecoin, adding another growth angle to the ACH-powered payments platform.

“Users worldwide can now purchase USD1 with the payment option of their choice, including Visa, Mastercard, Apple Pay, Google Pay, mobile wallets, and regional bank transfers.”

The platform said in a blog post.

Will USD1 integration bolster the ACH price?

Per CoinGecko, the ACH price hovered around $0.022, which is significantly down from the highs of $0.030 on May 11, 2025. In this period, the Alchemy Pay token has dropped 8% in 24 hours and 17% in the past week.

Daily trading volume has increased more than 40%, hovering at $30 million at the time of writing.

ACH price chart by TradingView

A look at the charts shows that the ACH price is at risk of further declines.

The sell-off in the past month has seen bears strengthen, with the price breaking down from a falling wedge pattern.

Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators on the 4-hour chart also give sellers an upper hand, suggesting ACH may yet drop amid downside continuation.

However, with RSI near oversold territory signaling a flip, relief may see bulls eye gains to $0.03.

The post ACH price risks fresh sell-off amid cypto downturn appeared first on CoinJournal.

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One day left to invest in Bitcoin Pepe before it hits centralised exchanges

The countdown has begun! Bitcoin Pepe, the latest meme coin sensation, is wrapping up its presale tomorrow (May 31st) – and if you’re not in it yet, chances are that you’re about to miss out on the next 100x opportunity.

Bitcoin Pepe could emerge as the next big thing in the crypto world following its CEX listings as it’s more than just a run-of-the-mill meme coin.

Instead, Bitcoin Pepe has already garnered massive community support on the back of innovation, scarcity, and relentless momentum.

Its price increased significantly even during presale phase, leading to meaningful on-paper gains for early investors. Raising nearly $12.5 million in total, Bitcoin Pepe emerged as one of the best presales to invest in 2025.

Bitcoin Pepe presale ends on May 31
Bitcoin Pepe presale ends on May 31

Why are CEX listings significant for meme coins?

CEX listings are often game-changing for meme coins because they bring legitimacy, liquidity, and accessibility to a digital token.

A crypto asset becomes easier to buy, sell, and trade once it goes live on a major crypto exchanges. Essentially, a listing attracts a wider audience to a cryptocurrency. This influx of new investors boosts demand, potentially driving up the price.

Additionally, centralised exchanges offer security and trust, which, for meme coins like Bitcoin Pepe, mean credibility that decentralised exchanges (DEXs) sometimes lack.

More importantly, listing on a high-profile exchange increases visibility, bringing in retail traders and institutional investors who may have overlooked it before.

Finally, CEXs offer fiat on-ramps, allowing users to purchase the likes of Bitcoin Pepe directly with traditional currency, making it far more accessible to mainstream audiences.

Simply put, a CEX listing can supercharge Bitcoin Pepe’s growth, turning hype into real market momentum over the next few weeks.

https://x.com/BitcoinPepe_/status/1928388521154293924

Why is Bitcoin Pepe an exciting investment in 2025?

Bitcoin Pepe stands out as the meme coin to buy right now as it’s built on a robust blockchain that offers secure and transparent transactions, reducing the risks often associated with other meme coins.

Plus, the world’s only Bitcoin meme ICO enables transactions at minimal cost, making it more affordable for both small and large-scale traders.

More importantly, the lower cost does not come at the expense of efficiency either. Bitcoin Pepe allows lightning-fast transaction speed, which ensures seamless transfers. A community-driven approach keeps Bitcoin Pepe engaging, ensuring steady growth and long-term adoption.

Unlike some meme coins that rely purely on hype, Bitcoin Pepe integrates real utility, enhancing usability in gaming, NFTs, and decentralised finance (DeFi). Top it off with the expected CEX listings and you have yourself a near-perfect meme coin to buy in 2025.

Click here if you’d like to learn more about Bitcoin Pepe and become an early investor before it ends its presale on Saturday.

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