Key takeaways: Bitcoin’s performance in the current bull market and a new cohort of buyers reflect a maturing market and widening adoption. A 50% rise in hashrate and a 63% jump in Realized Cap highlight investors’ confidence in Bitcoin. A recent report from Fidelity Digital Assets explored how the current Bitcoin market cycle reflects a …
Author Archives: pdgweb
Alchemy acquires no-code NFT launchpad HeyMint for undisclosed amount
Web3 developer platform Alchemy has acquired HeyMint, a California-based non-fungible token (NFT) launchpad, in a move designed to enhance the company’s smart wallet infrastructure. The undisclosed funding deal will see HeyMint’s infrastructure embedded within Alchemy as it seeks to simplify user onboarding for Web3 applications, the company disclosed on May 23. HeyMint’s co-founder and chief …
Continue reading “Alchemy acquires no-code NFT launchpad HeyMint for undisclosed amount”
Bitcoin price drops 4% as Trump EU tariff talk liquidates over $300M
Key points: Bitcoin joins risk assets in a knee-jerk reaction to the latest instalment of the US trade war, this time focused on the EU. BTC price action dives up to 4% before recovering with $110,000 now a resistance level. Traders demand that price holds higher levels going forward to protect bullish momentum. Bitcoin (BTC) …
Continue reading “Bitcoin price drops 4% as Trump EU tariff talk liquidates over $300M”
Spoiler alert: The future of Web3 is not blockchain
Opinion by: Grigore Roșu, founder and chief executive officer of Pi Squared For some, the audacity of questioning the primacy of blockchain in Web3 is borderline heretical. The idea that decentralization and progress could exist without blockchains seems absurd to those who built careers around Bitcoin, Ethereum, and their descendants. Given blockchain’s well-documented scaling limits, …
Continue reading “Spoiler alert: The future of Web3 is not blockchain”
Who attended Trump’s controversial memecoin dinner?
The top 220 holders of US President Donald Trump’s memecoin met yesterday at the president’s golf course in Virginia for an exclusive dinner and purported meet-and-greet. Attendees spent a grand total of $148 million for an “ultra-exclusive VIP reception with the president,” which crypto industry advocates and critics alike saw as a potential opportunity to …
Continue reading “Who attended Trump’s controversial memecoin dinner?”
US DOJ seizes $24M in crypto from accused Qakbot malware developer
The US Department of Justice (DOJ) has filed a civil forfeiture complaint to seize more than $24 million in cryptocurrency from Rustam Rafailevich Gallyamov, a Russian national accused of developing the Qakbot malware. According to a May 22 announcement, the DOJ unsealed charges against the 48-year-old Moscovite with a federal indictment. Gallyamov is allegedly the malware developer behind …
Continue reading “US DOJ seizes $24M in crypto from accused Qakbot malware developer”
What is DNS hijacking? How it took down Curve Finance’s website
Understanding the Curve Finance DNS hijacking On May 12, 2025, at 20:55 UTC, hackers hijacked the “.fi” domain name system (DNS) of Curve Finance after managing to access the registrar. They began sending its users to a malicious website, attempting to drain their wallets. This was the second attack on Curve Finance’s infrastructure in a …
Continue reading “What is DNS hijacking? How it took down Curve Finance’s website”
Twice lucky? Cetus’ recovery plan on Sui mirrors a Solana blueprint
The bounty offer to recover stolen funds from Sui-based decentralized exchange (DEX) Cetus closely resembles a successful strategy used by a Solana project three years ago. It turns out that Cetus shares the same development team as Crema Finance, a Solana-based DeFi project that suffered a $9-million hack in 2022 but recovered most of the …
Continue reading “Twice lucky? Cetus’ recovery plan on Sui mirrors a Solana blueprint”
Washington moves on crypto: Stablecoin and blockchain bills signal regulatory momentum
In this week’s episode of Byte-Sized Insight, on Decentralize with Cointelegraph, we break down a pivotal moment for US crypto legislation. In a 66–32 procedural vote on May 19, the US Senate advanced the GENIUS Act, a landmark bill aimed at establishing a comprehensive regulatory framework for stablecoins. Meanwhile, across the Capitol, Representative Tom Emmer …
Ledn ditches ETH, shifts to full custody model for Bitcoin loans
Digital asset lender Ledn is transitioning to fully collateralized Bitcoin lending and discontinuing support for Ethereum, in moves designed to consolidate its BTC-focused business and further safeguard client assets against credit risks. In adopting a full custody structure for Bitcoin (BTC) loans, Ledn will no longer lend out client assets to generate interest, the company …
Continue reading “Ledn ditches ETH, shifts to full custody model for Bitcoin loans”