DDC Enterprise buys 21 Bitcoin, kicking off plan to scoop 5K BTC in 3 years

The Hong Kong-headquartered heat-and-eat meal seller DDC Enterprise has made its first-ever Bitcoin purchase as part of a plan to buy 5,000 Bitcoin over the next three years.

The New York-listed DDC Enterprise, also known as DayDayCook, said on May 23 that it bought 21 Bitcoin (BTC) in exchange for 254,333 shares in a deal valued at $2.28 million.

The company added it plans on buying another 79 BTC across two purchases in “the coming days” to bring its total Bitcoin stack to 100 BTC.

The buys are part of DDC’s plan announced on May 15 to acquire 5,000 BTC over the next three years, with the goal of buying 500 BTC before the end of 2025.

DDC’s planned 5,000 BTC stack, if it held that much today, would land it just outside the top 10 public companies with the largest Bitcoin holdings, putting it just behind Japanese

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Nvidia plans to make cheaper AI chips for China: Report

Nvidia will reportedly launch a new lower-cost artificial intelligence chip specifically for China, following restrictions on exporting its more expensive model.

Nvidia plans to start mass production of the new AI chips in June, which will be part of the firm’s latest generation of AI chips, Reuters reported on May 26, citing people familiar with the matter.

The company plans to sell it for between $6,500 and $8,000 owing to its lower specifications and simple manufacturing requirements — cheaper than the some $10,000 to $12,000 Nvidia’s recently restricted H20 model sold for.

An Nvidia spokesperson told Reuters it was still evaluating the company’s limited options. “Until we settle on a new product design and receive approval from the US government, we are effectively foreclosed from China’s $50 billion data center market,” they said.

China is a massive market for the chipmaker, accounting for 13% of its sales in the past financial

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Top US politician shrugs off Trump crypto dinner concerns amid calls for probe

US House Speaker Mike Johnson has brushed off corruption concerns surrounding President Donald Trump’s dinner for the top holders of his memecoin and dodged answering whether the list of attendees should be released in the interest of transparency.

Johnson told CNN’s Jake Tapper on May 25 that he knew nothing about Trump’s May 22 memecoin dinner and opted not to share his opinion on the event, which 35 House Democrats have called for the Justice Department to investigate.

“We do not know who was there. The list has not been released. We do not know how much of the money came from outside the country,” Tapper told Johnson. “I really have a difficult time imagining that if this was a Democratic president doing the exact same thing, you wouldn’t be outraged.”

“Look, I don’t know anything about the dinner,” Johnson answered, claiming he “was

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Banking groups ask SEC to drop cybersecurity incident disclosure rule

American banking and financial industry advocacy groups have petitioned the Securities and Exchange Commission to repeal its cybersecurity incident public disclosure requirements. 

Five US banking groups led by the American Bankers Association asked the regulator to remove its rule in a May 22 letter, arguing that disclosing cybersecurity incidents “directly conflicts with confidential reporting requirements intended to protect critical infrastructure and warn potential victims.”

The group, which also included the Securities Industry and Financial Markets Association, the Bank Policy Institute, Independent Community Bankers of America and the Institute of International Bankers, claimed that the rule compromises regulatory efforts to enhance national cybersecurity.

The SEC’s Cybersecurity Risk Management rule, published in July 2023, requires companies to rapidly disclose cybersecurity incidents such as data breaches or hacks. However, the banking groups argue this rule was flawed from the start and has proven problematic in practice since

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Coinbase faces another data breach lawsuit claiming stock drop damages

Coinbase and two executives have been hit with another proposed class-action lawsuit over the crypto exchange’s stock price drop after disclosing a user data breach earlier this month and for allegedly failing to disclose a violation of an agreement with a UK regulator.

Coinbase investor Brady Nessler said in a May 22 lawsuit filed in a Pennsylvania federal court that the data breach and the alleged broken agreement with the UK’s Financial Conduct Authority resulted in a “precipitous decline in the market value of the Company’s common shares,” causing stockholders to suffer “significant losses and damages.”

Coinbase said on May 15 that its damages bill could run up to $400 million after it was hit with a $20 million extortion attempt four days earlier, with several of its customer support agents bribed to access internal systems and steal a limited amount of user account data.

Nessler claimed

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Adam Back leads $2.2M raise for Swedish health firm’s Bitcoin buys

Blockstream CEO Adam Back has led a 21 million Swedish krona ($2.2 million) funding round in the Swedish health tech company H100 Group AB, which last week said it would start buying Bitcoin.

H100 said on May 25 that the funds, secured through 0% interest convertible loans, will be used to purchase Bitcoin (BTC) in line with its Bitcoin-buying pivot announced on May 22.

Back, a longtime Bitcoin cypherpunk, contributed around $1.4 million, while the remaining $800,000 came from investment firms Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB and Crafoord Capital Partners.

The raise would allow H100 to buy around 20.18 Bitcoin at current market prices, which would add to the 4.39 Bitcoin that it purchased on May 22 and bring its total stash to roughly 24.57 Bitcoin.

Source: H100

H100 said the convertible loans bear no interest and will mature

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Blockchain security firm releases Cetus hack post-mortem report

Blockchain security firm Dedaub released a post-mortem report on the Cetus decentralized exchange hack, identifying the root cause of the attack as an exploit of the liquidity parameters used by the Cetus automated market maker (AMM), which went undetected by a code “overflow” check.

According to the report, the hackers exploited a flaw in the most significant bits (MSB) check, allowing them to manipulate the values for the liquidity parameters by orders of magnitude and establish relatively large positions with a keystroke. The Dedaub security researchers wrote:

“This allowed them to add massive liquidity positions with just one unit of token input, subsequently draining pools collectively containing hundreds of millions of dollars worth of tokens.”

The incident and the post-mortem update reflect the unfortunate trend of cybersecurity exploits and hacks impacting crypto and the Web3 industry.  

Executives in the industry have continually warned that industry firms must establish

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Cardone Capital launches 10X Miami River Bitcoin Fund

Cardone Capital, a real estate investment firm with over $5 billion in assets under management, launched the 10X Miami River Bitcoin Fund, a dual-asset fund consisting of a 346-unit multifamily commercial property located on the Miami River in Miami, Florida, and $15 million of Bitcoin (BTC).

In an interview with Cointelegraph, Cardone Capital founder and CEO Grant Cardone said the Miami River Bitcoin Fund, which is the firm’s fourth blended investment vehicle mixing BTC and commercial multifamily real estate, will convert a portion of its monthly cash flows to BTC.

Cardone told Cointelegraph the impetus to start the fund followed a suggestion from his brother. The CEO said:

“My brother said to me, you should look at if you would have converted all your cash flow from real estate to Bitcoin and what that would have done over the last 12 years. Well, it would have taken $160 million and

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Bitcoin price expected to soar as global bond markets break — Here’s why

Key takeaways:

Rising bond yields reflect growing concern about fiscal stability and inflation, leading some investors to question US Treasury’s traditional role as a safe-haven asset.

Bitcoin defies conventional risk models, rising not because of worsening macro conditions, but possibly because of them.

Bitcoin (BTC) climbed to new heights amid an increasingly fragile global macroeconomic backdrop. Bond yields are surging in the US and Japan, global growth is stalling, and consumer confidence in the US is scraping historic lows.

Paradoxically, the very macro conditions that once threatened Bitcoin’s price are now fueling its rise. The shift speaks to a broader transformation in how investors interpret risk and where they seek refuge. At the center of this realignment is the US debt crisis and the ballooning Treasury yields, which were once considered the safest assets in the world.

Why are US Treasury yields so important?

When US bond yields rise, the

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Bitcoin holds key support as HYPE, XMR, AAVE, WLD lead altcoin rally

Key points:

Bitcoin price is stuck below $109,588, but the pullback has not altered its bullish chart structure.

A bullish weekly open from Bitcoin could extend gains in HYPE, XMR, AAVE, and WLD.

Bitcoin (BTC) remains stuck below the $109,588 level during a quiet weekend, but analysts remain bullish. Material Indicators co-founder Keith Alan said in a post on X that Bitcoin remains positive as long as it trades above the yearly open level of about $93,500. 

Bitcoin’s demand is likely to remain strong with investments from sovereign wealth funds, exchange-traded funds, publicly listed companies and select nations. Crypto index fund management firm Bitwise said in a recent report that institutional funds could pump roughly $120 billion into Bitcoin in 2025 and about $300 billion in 2026.

Crypto market data daily view. Source: Coin360

While the long-term picture looks promising, traders need to be

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