Minseung Kang

Regarding the recent Cetus (CETUS) hacking incident, Changpeng Zhao (CZ), former CEO of Binance, has made an official statement. On the 22nd (local time), CZ stated on X (formerly Twitter), "We are doing everything we can to help SUI. It's not a pleasant situation, but I hope everyone is SAFU (safe)." Previously, it was reported that $200 million worth of liquidity pool assets were stolen from the Sui (SUI) based decentralized exchange (DEX) Cetus. The attacker was found to have taken control of the SUI-based pool and moved the assets to USDC.

As the price of Bitcoin (BTC) surpassed $110,000 for the first time in history, 'Bitcoin Pizza Day' is once again in the spotlight. According to CoinMarketCap on the 22nd (local time), Bitcoin exceeded $110,000 on this day, setting a new record high. Coincidentally, this day marks the historic transaction in 2010 when an American programmer purchased two pizzas for 10,000 BTC. The value of 10,000 BTC, which was about $41 at the time, is now approximately 1.5 trillion won as of today. Since then, May 22nd has been commemorated annually as 'Bitcoin Pizza Day', becoming a representative cultural event in the virtual asset industry. The industry uses this day to reflect on Bitcoin's potential for real-world transactions and its symbolic turning point. Meanwhile, there is analysis suggesting that expectations for institutional adoption have increased as the possibility of passing stablecoin regulatory legislation in the US Congress rises, and JP Morgan Chase's Jamie Dimon shows a conciliatory attitude towards cryptocurrencies.

An analysis has emerged that the market capitalization of virtual assets (cryptocurrencies) has broken through the upper resistance. On the 22nd, virtual asset trader Daan Crypto Trades stated on X (formerly Twitter), "The market has gone through several mixed phases, but the total cryptocurrency market capitalization (TOTAL) has eventually broken through the upper resistance." He reported, "This rise was mostly led by Bitcoin, and altcoins have not been able to follow the trend," adding, "Bitcoin dominance is approaching the cycle peak again." Meanwhile, in the market, as the Bitcoin-led rally approaches its peak, anticipation for an altcoin rotation is also growing.

US asset management firm Volatility Shares has listed the first US Ripple (XRP) futures exchange-traded fund (ETF) on Nasdaq on the 22nd (local time). On the 22nd, cryptocurrency media outlet Crypto Economy reported, "Volatility Shares has listed the first US XRP futures ETF on Nasdaq today," and stated, "This product is designed to expose investors to price movements in a regulated manner without directly holding XRP tokens." The ETF trades under the ticker 'XRPI' and invests at least 80% of its net assets in XRP-related assets. The total annual management fee is set at 0.94%.

It has been reported that the Sui (SUI) ecosystem's decentralized exchange (DEX) Cetus (CETUS) has been hacked. The estimated damage exceeds $200 million. On the 22nd (local time), on-chain analyst Onchain Lens stated on X (formerly Twitter), "Cetus has been exposed to repeated hacking, and the attacker has taken control of most of the SUI-based liquidity pools." They further reported, "The hacker is converting the stolen assets into USD Coin (USDC) and moving them," adding that "the total damage exceeds $200 million."

Wemade has reportedly filed a complaint with the Fair Trade Commission against five cryptocurrency exchanges belonging to the Digital Asset Exchange Alliance (DAXA). Wemade claims that the decision to delist WEMIX was a result of collusion. According to industry sources on the 22nd, Wemade stated, "The five DAXA exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, jointly decided to terminate support for WEMIX trading," adding, "This action falls under Article 40, Paragraph 1, Item 9 of the Fair Trade Act, which pertains to 'acts that interfere with business activities or substantially restrict competition,' and has been reported to the Fair Trade Commission." Previously, these exchanges delisted WEMIX on the 2nd. WEMIX had announced on March 4th, four days after the incident, that approximately 9 billion KRW worth of assets were leaked due to a wallet hack in February. DAXA determined that this delayed response did not meet investor protection standards. However, Wemade argues that the delisting decision was not independent but rather an unfair collusion agreed upon in advance. Wemade explained, "A substantial collusion structure is formed around the two major exchanges (Upbit and Bithumb), which hold about 98% of the domestic exchange market share, and there are numerous indications that the delisting was discussed in advance." Furthermore, Wemade emphasized, "The delisting decisions repeated in 2022 and 2025 were announced in the same manner at the same time, which appears to be independent decisions but can clearly be seen as joint actions." Wemade also argued that "the delisting decision process lacked transparency and procedural fairness, and the project side was not sufficiently given the opportunity to explain," adding, "This issue is not a simple conflict between companies but a public matter for establishing fair competition order in the domestic investor protection and cryptocurrency market." Meanwhile, on the 12th, Wemade filed an injunction with the Seoul Central District Court to suspend the effect of the delisting against the four exchanges, excluding Upbit. The first hearing for this case is scheduled for the 23rd.

Global cryptocurrency exchange Binance is listing Huma (HUMA). On the 22nd (local time), Binance announced on its official website, "We will register HUMA on Launchpool starting at midnight on the 23rd (local time)," adding, "Subsequently, on the 26th at 1 PM (KST 10 PM), trading for HUMA/USDT, HUMA/USDC, HUMA/BNB, HUMA/FDUSD, and HUMA/TRY will commence." Previously, HUMA was registered on Binance's new project introduction platform, 'Binance Alpha'.

Bitcoin (BTC) has surpassed $110,000, hitting a new all-time high, while profit-taking movements remain limited, according to analysis. On the 22nd, on-chain data analysis platform Glassnode announced on its official X (formerly Twitter) that "the realized profit on the day Bitcoin hit its all-time high was approximately $1 billion," adding, "This is less than half of the $2.1 billion recorded when Bitcoin first surpassed $100,000 last December." Glassnode added, "Although the current price is higher, profit-taking is relatively limited."

The Brazilian listed fintech company Méliuz plans to purchase up to $26.5 million worth of Bitcoin (BTC). According to the cryptocurrency-focused media outlet O Daily on the 22nd, Méliuz stated, "The company plans to raise at least 150 million reais (approximately $26.5 million) through the issuance of stocks or convertible bonds, in collaboration with the investment bank BTG Pactual." Previously, Méliuz purchased approximately $28.4 million worth of Bitcoin, becoming the first Brazilian listed company to include Bitcoin on its balance sheet.

David Sacks, the US White House Cryptocurrency (Crypto) and Artificial Intelligence (AI) Czar, strongly hinted at the possibility of the stablecoin regulatory bill passing the Senate. According to the cryptocurrency specialist media outlet Cointelegraph on the 22nd (local time), Sacks recently stated in an interview with CNBC, "I am confident that the bill will pass at present," and "Once a clear legal framework is established, a multi-trillion dollar demand for US Treasuries will be created through stablecoins." The stablecoin regulatory proposal, known as the 'GENIUS Act,' is the first comprehensive federal legislative attempt for dollar-linked digital assets. The bill recently entered the formal deliberation stage in the Senate with a 66 to 32 vote. Sacks emphasized, "There are already $200 billion worth of stablecoins, but they remain in a regulatory void," and "Once legal clarity is secured, institutional demand for US Treasuries will practically explode." The media reported, "The bill's push is proceeding amid conflict of interest controversies involving the Trump family participating in the stablecoin project 'USD1,'" and "Although the final passage of the bill remains uncertain, Sacks avoided answering whether the President or his family would economically benefit from the bill."

It is reported that US Senator Cynthia Lummis mentioned the possibility of replacing gold reserves with Bitcoin (BTC). According to Bitcoin Archive, a cryptocurrency-focused media outlet, on the 22nd, Senator Lummis said, "The US is ready to update its gold reserves to Bitcoin." Senator Lummis is a prominent Bitcoin supporter within the Republican Party and has consistently advocated for incorporating Bitcoin as a national strategic asset.

David Schwartz, Ripple's Chief Technology Officer (CTO), has directly refuted the recently raised 'market manipulation theory'. Despite the large movement of approximately $237 million worth of XRP the previous day, with no price fluctuation, some community members have raised questions about the structure of the XRP market. According to the cryptocurrency specialist media U.Today on the 22nd, Whale Alert captured the movement of about 90 million XRP to a single address on the 21st. However, the market price showed no reaction at the time of the transfer. In this regard, some community members suggested the possibility of market manipulation, stating, "If a purchase of this scale had been made, the price should have moved." In response, CTO Schwartz stated, "The transaction is almost certainly an exchange withdrawal," and explained that it is difficult to see it as a purchase reflecting actual demand. It was merely a transfer of the whale's holdings from the exchange to an external wallet, which did not cause any price fluctuation.

Layer 1 blockchain Sui (SUI) has surged nearly 8% in the last 24 hours, continuing its bullish trend. On the 22nd (local time), cryptocurrency media outlet Brave New Coin reported, "In the first half of this year, Sui's cumulative decentralized exchange (DEX) trading volume reached $48.4 billion, significantly surpassing major Layer 1 and Layer 2 chains such as Avalanche, Polygon, and Optimism," adding, "With the surge in trading demand, the launch of Grayscale's Sui Trust and 21Shares' ETF application are also highlighting expectations." On this day, the SUI price on Binance recorded a rise of 8.37% compared to the previous day, reaching $4.1559. In the market, expectations for a full-fledged upward trend are growing after surpassing $4. Cryptocurrency strategist Michael van de Poppe diagnosed, "Sui is continuing its upward rally after a clear breakout, and the influx of new projects and TVL growth within the ecosystem is also ongoing." The media added, "Some traders are suggesting $4.76 as a short-term resistance level and $5.67 as a psychological target."

Bitcoin (BTC) advocate and investor Anthony Pompliano has expressed pessimism about the fiscal health of the United States, predicting that asset prices could rise in the long term amid a weaker dollar. According to Benzinga Crypto on the 22nd (local time), Pompliano stated on X (formerly Twitter), "The likelihood of the US achieving a balanced budget is now virtually 0%," adding, "The decline in the dollar's value will push up asset prices until I am buried in the ground." He has consistently expressed trust in Bitcoin, a scarce digital asset, and maintains that Bitcoin could show relative strength in an inflationary environment. The media noted, "These remarks came after the US Treasury conducted a $16 billion auction of 20-year bonds," adding, "Due to weak demand for the bond auction that day, long-term bond yields exceeded 5%, bond prices fell to their lowest in 19 months, and US stock markets and the dollar also fell."

As the price of Bitcoin (BTC) surpassed $110,000 today, setting a new all-time high, open interest in the options market also reached a record high, exceeding 58 trillion won based on Deribit. According to CoinDesk, a cryptocurrency specialist media outlet, on the 22nd (local time), the open interest (OI) on the cryptocurrency options exchange Deribit was totaled at $42.5 billion (approximately 58 trillion won). This figure is analyzed to strongly reflect the expectation of further Bitcoin price increases in the options market. Luuk Strijers, Chief Operating Officer (COO) of Deribit, stated in an interview, "Call options with expirations in May and June at $120,000 and $130,000 were the most actively traded," adding, "For the June 27 expiration, OI is concentrated at strike prices of $110,000, $120,000, and $300,000." The media added, "This surge in OI is occurring simultaneously across derivatives, spot, and perpetual futures." Deribit accounts for about 80% of global cryptocurrency options trading. Currently, Coinbase, a Nasdaq-listed company in the US, is pursuing an acquisition deal worth $2.9 billion. Meanwhile, a call option refers to the right to buy a specific underlying asset at a predetermined price, and the buyer can profit by the amount of the difference if the market price is higher than the strike price at expiration. Additionally, open interest refers to contracts in derivatives such as futures and options that have not yet been settled. An increase in open interest indicates that funds are flowing into the market.

Robert Kiyosaki, the author of the global bestseller 'Rich Dad Poor Dad', once again warned of the potential collapse of the US economy and predicted a bullish trend for Bitcoin (BTC). According to the cryptocurrency media outlet CryptoPotato on the 22nd (local time), Kiyosaki stated on X (formerly Twitter), "America is finished. On the 20th, no one bid at the Fed's treasury auction, and the Fed bought $50 billion worth itself," criticizing that "both US bonds and dollars are fake money." However, there is analysis that Kiyosaki's claims are not factual. The media added, "According to the US Treasury, more than $6.9 billion in bids were received for the 42-day short-term treasury auction, with a cover ratio of 2.97, showing some discrepancy with the actual auction results." Additionally, he predicted, "Gold prices could rise to $25,000, silver to $70, and Bitcoin to $500,000 to $1 million." As of that day, gold surpassed $3,300, silver $33, and Bitcoin $111,000, reaching new highs. This statement came shortly after Moody's downgraded the US treasury credit rating from Aaa to Aa1, citing reasons such as the accumulation of federal deficits, reduced tax revenue, and increased interest burdens. Kiyosaki has consistently emphasized holding real assets like real estate, gold, silver, and Bitcoin in the past. He has repeatedly conveyed the message to save in 'real money' rather than dollar-centric assets, warning of the potential collapse of the existing financial system.

The native token HYPE of the decentralized derivatives exchange Hyperliquid has surged over 14% in the last 24 hours, surpassing 30 USDT. According to CoinMarketCap data on the 22nd, HYPE reached an intraday high of $30.52, marking a 15.27% increase from the previous day. The increase in trading volume and fee income of the Hyperliquid platform is also considered a positive factor. Previously, the platform recorded a 24-hour trading fee of $5.4 million, setting a new record high. The total open interest (OI) also surpassed $8.9 billion. Recently, with the strength of Bitcoin, liquidity is flowing into on-chain derivatives platforms. Consequently, the expectation of platform growth for HYPE is interpreted as driving the price increase.

Global cryptocurrency exchange Binance is set to list the stablecoin 'USD1' from the decentralized finance (DeFi) project World Liberty Financial (WLFI), led by the family of former U.S. President Donald Trump. According to cryptocurrency media outlet Cryptopolitan on the 22nd (local time), Binance announced that it will support USD1/USDT spot trading as of noon local time (9 PM KST on the 22nd). Deposits have already begun, and withdrawals will be available from noon on the 23rd (local time). USD1 is a dollar-pegged stablecoin launched by WLFI in April, reportedly featuring a 1:1 collateral structure that complies with U.S. Treasury standards. Meanwhile, the U.S. stablecoin regulation bill known as the GENIUS Act recently passed a procedural vote in the Senate with a 66 to 32 vote, increasing the likelihood of its passage in the full session. Despite concerns over potential conflicts of interest with digital asset ventures directly involving the Trump family, the bill is progressing through the legislative process with bipartisan support from some members of both parties.

Bitcoin (BTC) has reached an all-time high of $111,886 (155.32 million KRW on Upbit), with the market recognizing Bitcoin as 'digital gold' amid inflation and credit instability. On the 22nd (local time), according to U.S. economic media CNBC, James Butterfill, head of research at cryptocurrency asset management firm CoinShares, diagnosed that "this rise is the result of a combination of expectations for regulatory clarity in the U.S., increased institutional demand, and improved market sentiment." Notably, Bitcoin has succeeded in rebounding alone while the U.S. stock market is declining. Butterfill explained, "Amid growing macro risks such as Moody's downgrade of the U.S. Treasury credit rating, Bitcoin is being re-emphasized as a hedge against the fiat currency system." Meanwhile, there is also an analysis that Bitcoin, which has shown a high correlation with the Nasdaq index centered on tech stocks in the past, is now showing a clear trend of decoupling.

The open interest (OI) of the decentralized derivatives exchange Hyperliquid has surpassed $8.9 billion (approximately 12.2811 trillion won), reaching an all-time high. Hyperliquid is an on-chain derivatives trading platform using order book-based L2 infrastructure. On the 22nd (local time), the cryptocurrency specialist media Crypto News reported, "The open interest at Hyperliquid has exceeded $8.9 billion, marking an all-time high," and "The 24-hour trading volume totaled $19.15 billion, with Bitcoin accounting for $11.5 billion." This surge coincides with Bitcoin surpassing $111,000 in the early Asian market, setting a new all-time high. The media analyzed, "In the midst of macro variables such as easing trade tensions between the US and China and Moody's downgrade of the US credit rating, demand for Bitcoin is flocking as an alternative investment." Meanwhile, open interest refers to contracts in derivatives like futures and options that have not yet been settled. An increase in open interest indicates that funds are flowing into the market.

Changpeng Zhao (CZ), former CEO of Binance, advised looking at the long-term trend rather than short-term movements when investing in Bitcoin (BTC). On the 22nd, CZ stated on X (formerly Twitter), "It's unfortunate for those who sold Bitcoin at $77,000," and added, "Sometimes, look at the yearly chart instead of the minute chart." This reaffirms his stance that Bitcoin investment should be approached from a long-term perspective. Meanwhile, on this day, Bitcoin recorded an all-time high of $111,880 on Binance.

Solana (SOL), Pudgy Penguins (PENGU), and Toncoin (TON) are being analyzed as altcoins with high technical breakout potential. According to cryptocurrency media outlet CoinDo on the 22nd, crypto analyst Ali Martinez stated, "Solana is breaking through the top of the ascending triangle pattern. If this structure holds, the target price could be $180." He added, "If Pudgy Penguins follows its past trend, there is room to rise to the upper resistance line of $0.020." The analyst also mentioned, "In the case of Toncoin, a directional breakout could lead to a price fluctuation of up to 50%." Martinez concluded, "These assets are all at technical turning points, and their breakout potential is noteworthy alongside improving market sentiment."

Cryptocurrency A to Z Meme Coin Official Trump 220 Dinner Invitees Confirmed VIP Reception for Top 25 Largest Holder Wallet 'SUN' Appears to be a Tron Founder Associate Investors have purchased the 'meme coin' Official Trump, amounting to $148 million (about 2.1 billion KRW), to secure an invitation to a dinner with U.S. President Donald Trump. President Trump plans to invite the top 220 holders of this coin to a dinner at his private golf club on the outskirts of Washington, D.C., on the 22nd. According to the cryptocurrency industry on the 18th, the top 220 holders of Official Trump, who can attend the dinner hosted by President Trump, have recently been confirmed. The amount they spent to receive the invitation totals $148 million. The ranking of holdings was compiled by reflecting the quantity and duration of meme coin holdings from the 23rd of last month to the 12th of this month. Previously, President Trump promoted this dinner on social media as "the most exclusive invitation in the world," offering a VIP reception and special tour opportunities to the top 25. The wallet holding the most Official Trump is 'SUN', which holds about $18.5 million (approximately 2.6 billion KRW) worth of tokens. This wallet is confirmed to be owned by the cryptocurrency exchange HTX, headquartered in Seychelles. Justin Sun, the creator of Tron, participates as a global advisory board member. Sun is the largest initial investor in the cryptocurrency project World Liberty Financial, directly involving the Trump family, and is currently serving as an advisor. The anonymous wallet 'ces', which barely made it to the dinner invitation at 220th place, holds tokens worth $59,000 (about 82 million KRW). Official Trump is a meme coin launched by President Trump in January this year, just before his inauguration after the presidential election. It surged to $75 immediately after launch but plummeted to $7.5. It rebounded following the dinner event announcement and is currently trading at around $13. The market capitalization of Official Trump is approximately $2.74 billion. It is known that CIC Digital LLC, a subsidiary of the Trump Group, holds about 80% of the total supply. Minseung Kang, Bloomingbit Reporter minriver@bloomingbit.io

El Salvador has recently purchased a total of 31 additional Bitcoins (BTC) over the past 30 days, bringing its cumulative holdings to 6180.18. On the 18th (local time), cryptocurrency specialist media BlockBeats reported, "El Salvador has purchased a total of 31 BTC over the past 30 days," adding, "According to official data from the Ministry of Finance of El Salvador, 1 BTC was also purchased early this morning. The total asset value has exceeded 638 million dollars." The government of El Salvador appears to be maintaining its strategy of 'purchasing 1 Bitcoin per day.' Over the past 7 days, 8 BTCs were purchased, and a total of 31 BTCs were purchased over the 30-day period.

The market capitalization of stablecoins such as Tether (USDT) and USDC has shown a slight increase compared to the previous week. According to the decentralized finance (DeFi) dashboard DeFiLlama on the 18th, the market cap of stablecoins, including USDT, was recorded at approximately $243.88 billion (about 341 trillion 553.9 billion won). This is a 0.67% decrease from the previous week. Currently, Tether accounts for 62.29% of the total stablecoin market cap. Generally, an increase in the issuance and holdings of stablecoins can act as a factor for rising buying pressure in the market, considered a bullish signal. Conversely, it can be interpreted as a decrease in demand for virtual assets.

Robert Kiyosaki, the author of the global bestseller 'Rich Dad Poor Dad', predicted that the price of Bitcoin (BTC) will rise to $250,000 this year. On the 18th, Kiyosaki stated on his X (formerly Twitter), "The Marxist central banking system is collapsing. Many places are going bankrupt," adding, "I still hold Bitcoin and am buying more. I believe BTC will rise to $250,000 this year." He predicted a long-term bullish trend for gold, silver, and Bitcoin. He reiterated his strong buy recommendation by adding, "Buy more, don't sell."