🫱 Elon Musk sells social network X to his AI startup xAI

Elon Musk has transferred ownership of social network X (formerly Twitter) to his AI company xAI, valuing xAI at $80B and X at $33B. The move aims to merge technologies and data, creating a platform focused on truth and progress. The decision coincides with a court ruling not to dismiss a lawsuit against Musk related to delayed investment disclosures.

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🔷 Vitalik Buterin proposes new Ethereum L2 roadmap and open-source funding model

Ethereum co-founder Vitalik Buterin introduced a roadmap to enhance Layer 2 security, finality, and scalability, featuring a multi-proof system to ensure robustness. He also advocated for a shift from public goods funding to open-source funding to reduce social bias and support impactful development.

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🔥 Kiyosaki: Bitcoin FOMO will drive generational wealth

Financial author Robert Kiyosaki believes that the FOMO crowd investing in Bitcoin will ultimately accelerate into generational wealth. He warns against saving traditional currencies, favoring gold, silver, and Bitcoin as protection against inflation, and predicts that silver could double or triple in value within the next year.

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✅ Trump pardons BitMEX co-founders, including Arthur Hayes

President Trump has pardoned Arthur Hayes, Benjamin Delo, Samuel Reed, and former BitMEX executive Gregory Dwyer. They were previously convicted of violating the Bank Secrecy Act and paid $30M in fines. The decision follows their admission of guilt related to money laundering violations.

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‼️ Top 2 catalysts for Bitcoin and altcoin prices next week

⚪️ Trump’s reciprocal tariffs: Scheduled for Liberation Day, these tariffs could cause market turbulence, especially if countries like the EU or China respond negatively.

⚪️US nonfarm payrolls data: Expected on Friday, with a forecast of 128,000 jobs added. Lower numbers and rising unemployment could impact crypto sentiment, influencing Bitcoin and altcoin movements.

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💡 Hyperliquid introduces on-chain validation after JELLY delisting backlash

Hyperliquid has upgraded its blockchain to enable fully on-chain validator voting for asset delisting, following criticism over the JELLY memecoin delisting. The move aims to address centralization concerns and improve decentralized governance. The platform also pledged to reimburse affected users.

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⚠️ T-Mobile fined $33M for SIM-swap crypto theft

T-Mobile has been ordered to pay $33 million after being found liable for negligence in protecting customers from SIM-swap attacks that led to major cryptocurrency theft. The ruling, secured by Greenberg Glusker, also includes $6.5 million in legal costs, highlighting the ongoing vulnerability of mobile networks.

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🥷 China sentences 34 people to prison for $64M crypto fraud

A Chinese court sentenced 34 individuals to 3-12 years in prison for running the fraudulent crypto exchange OURBIT, which scammed 30,000 investors out of $64 million. The platform used fake trading data and false licenses to appear legitimate, luring victims through WeChat groups and promising high returns.

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⏬ Ethereum drops below $1,850 amid viral “meowing” Vitalik video

Ethereum’s price fell below $1,850, partly fueled by a viral video of Vitalik Buterin “meowing” at a robot. The clip sparked mixed reactions, with some traders humorously linking it to ETH’s decline. Since December 2024, Ethereum has dropped 55%, reaching a 5-year low against Bitcoin.

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🔥 PumpSwap DEX hits $10B volume just 10 days after launch

PumpSwap, the new DEX from Pump.fun, surpassed $10 billion in trading volume within 10 days of launch, claiming 67.4% of Solana DEX volume. Competing exchanges like Raydium and Meteora now lag behind, with Raydium holding just 18.2%. The DEX has generated $20M in fees, with 700,000 wallets accessing the protocol.

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📣 FTX to begin major creditor repayments on May 30

FTX will start repaying creditor claims over $50,000 on May 30, following its bankruptcy process. Claims will be valued as of the November 11, 2022 bankruptcy date, meaning BTC claims are worth just 20% of current market price. The process could take months due to numerous fraudulent claims.

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💡 Gold outshines Bitcoin as safe haven amid Trump’s 2025 tariff chaos

A Bank of America survey shows that 58% of fund managers favor gold as a safe haven during trade wars, while only 3% prefer Bitcoin. Institutional investors cite Bitcoin's volatility and lack of crisis-time liquidity as key barriers. As Trump's tariffs fuel uncertainty, gold dominates investment flows.

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🪂 Initia to airdrop 50M INIT tokens before mainnet launch

Layer 1 blockchain Initia announced an airdrop of 50 million INIT tokens ahead of its mainnet launch. 90% of the tokens will go to testnet participants from 2024, while 4.5% will be distributed to users of partner networks like LayerZero, IBC, and MilkyWay. The remaining 6% will reward social media contributors.

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🔥 BlackRock CEO: Bitcoin Could Replace the Dollar as the Reserve Currency

Larry Fink, CEO of BlackRock, stated that if the U.S. doesn't take control of its national debt, the dollar could lose its status as the global reserve currency to Bitcoin. He highlighted that digital assets, including Bitcoin, might become safer alternatives if economic instability persists.

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🪙Strategy buys another $1.92B in Bitcoin

Strategy has acquired 22,048 BTC for $1.92 billion, bringing its total reserves to 528,185 BTC—over 2.5% of the total supply. The purchase was funded by selling class A shares and STRK preferred shares. Despite recent volatility, the company remains the largest corporate Bitcoin holder.

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⭕️ NFT Marketplace X2Y2 Shuts Down, Pivots to Crypto AI

X2Y2 is shutting down its NFT marketplace after a 90% drop in trading volume, down from a peak of $209M in May 2022 to $53.6M in the past year. The project plans to pivot towards crypto AI, focusing on building a decentralized AI platform that offers yield opportunities regardless of market conditions. The native token X2Y2 has also plummeted nearly 90%, with a current fully diluted value of $1.4M.

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⚡️ Binance Introduces CEX-DEX Trading Integration

Binance launched a feature enabling users to trade between centralized and decentralized exchanges directly from their Binance wallet. The integration supports Ethereum, Solana, Base, and BNB Smart Chain. CEO Richard Teng highlighted the need for regulatory clarity and institutional adoption.

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🫱 Circle teams up with JP Morgan and Citi ahead of IPO

Stablecoin issuer Circle has enlisted JP Morgan Chase and Citi to support its planned IPO, expected in late April. This follows previous attempts to go public via a SPAC merger in 2021 and a confidential SEC filing in 2024. Circle aims to capitalize on the current crypto-friendly regulatory environment.

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✅ Hut 8 partners with Trump-backed firm to launch American Bitcoin

Hut 8 has taken an 80% stake in Trump-backed American Data Centers, rebranding it as the bitcoin mining company "American Bitcoin." The new venture will deploy over 60,000 ASIC machines, with shares rising 6% pre-market despite being down 46% YTD. The partnership marks another crypto move by the Trump family.

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🥷 Man Loses £750,000 in ‘Cryptomugging’

A UK man lost £750,000 in a "cryptomugging" after robbers stole his unlocked phone and forced him to transfer funds. Despite security measures, the thieves quickly accessed his crypto apps. Another victim reported similar losses, with both facing unhelpful responses from police.

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