Crypto Vesting – Page 152 – Just another WordPress site

BTC dominance due 'collapse' at 71%: 5 things to know in Bitcoin this week

Bitcoin (BTC) starts the first full week of May with yearly open support in focus ahead of a key US economic policy decision.

BTC price action attempts to hold the yearly open as support after some downside at the weekly close, but bullish perspectives remain intact.

The US Federal Reserve interest rate decision is the key macro event of the week, with Chair Jerome Powell tipped to “move markets.”

Jobless claims and Coinbase earnings add to a mixed bag of potential volatility triggers as recession talk gets louder.

Bitcoin dominance hits 65% for the first time in over four years, but analysis thinks its days are numbered.

Bitcoin “FOMO” is still waiting in the wings as sentiment flips positive.

Bitcoin traders stay bullish with $93,500 intact

Bitcoin saw some sell pressure into the May 4 weekly close, reaching lows of $93,350 on Bitstamp before rebounding, data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*enpnlb*_ga*MTE3NDE3MjgzMC4xNzE1NjcwODE1*_ga_53R24TEEB1*MTc0NDcyNDI2NS40MS4xLjE3NDQ3MjQyNjkuNTYuMC45MTY3MzAwMzI." rel="null" target="null"

Donald Trump gives conflicting answers over memecoin profits

US President Donald Trump gave clashing answers to whether he has profited from the crypto memecoin he launched in January, just days before he re-entered the White House.

In a wide-ranging interview with Kristen Welker on NBC News’ Meet the Press released on May 4, Trump said he was “not profiting from anything” when asked to respond to critics who said he’s profiting from the presidency through the memecoin.

“So you’re not profiting off of the cryptocurrency at all?” Welker asked Trump.

“I haven’t even looked,” Trump admitted.

“But I’ll tell you what. Look, if I own stock in something and I do a good job, and the stock market goes up, I guess I’m profiting.”

Trump launched his memecoin, Official Trump (TRUMP), on Jan. 17, which hit a peak of $73.43 two days later, just a day before he was inaugurated as president on

OKX to restart DEX with anti-abuse upgrades after Lazarus ‘misuse’

Crypto exchange OKX has brought its decentralized exchange (DEX) aggregator back online with new security upgrades after it was paused in March to prevent further misuse by the North Korean hacking crew, the Lazarus Group.

OKX founder and CEO Star Xu said in a May 4 statement to X that the DEX aggregator, OKX Web3, will resume with several new features, including a “real-time abuse detecting and blocking system.”

A DEX aggregator is a service that pulls data from multiple decentralized exchanges and market makers and then presents it to users to assist with trading. Xu says, “OKX Web3 is a browser and search engine for blockchain.”

Source: Star Xu

At the same time, OKX said in a May 4 statement that the latest upgrade includes other new security measures to identify suspicious or

Bitcoin pioneer and felon says he’s ‘vibe coding’ to restart the BTC faucet

Early Bitcoin entrepreneur Charlie Shrem says he’s working on bringing back the Bitcoin faucet — a website that hands out Bitcoin to whoever solves CAPTCHA tasks, normally used to distinguish humans from machines.

Shrem shared his new Bitcoin (BTC) faucet website — 21million.com — in a May 4 X post, which mimics the first-ever Bitcoin CAPTCHA page created by early Bitcoin innovator Gavin Andresen back in 2010.

The 21million.com website currently displays a screenshot of a CAPTCHA task and a box to enter a receiving Bitcoin address, which was not functional at the time of writing.

Shrem’s Bitcoin faucet website also shows that there are 0 Bitcoin available to claim.

Like Andresen’s old website, Shrem’s page explains what Bitcoin is and how to receive Bitcoin.

Charlie Shrem’s Bitcoin faucet website. Source: 21million.com

“What’s the catch?” According

Industry calls for urgent crypto law reforms after Australian election

The Australian crypto industry has called on the newly reelected Labor government to urgently make digital asset legislation a top priority to ensure Australia doesn’t fall further behind global markets.

The incumbent Australian Labor Party was returned in a landslide on May 3, picking up 54.9% of the two-party-preferred vote, against the Liberal and National Parties on 45.1%. Both parties went to the election promising crypto law reform, but only the opposition pledged to deliver draft legislation within 100 days.

Joy Lam, Binance’s head of global regulatory and APAC legal, said the exchange has been consulting with Treasury officials since late 2023 about its proposed legislation, and it was now time for action.

“Timing is really quite critical now because obviously it’s something that has been discussed and kicked around for quite a few years,” she told Cointelegraph.

Coinbase managing director for APAC John O’Loghlen said the

US Bitcoin ETFs bought 6x more than BTC miners produced last week

Spot Bitcoin exchange-traded funds (ETFs) in the United States bought up nearly six times as many Bitcoin as were produced by miners over the last week.

The US-based Bitcoin (BTC) funds bought a whopping 18,644 Bitcoin over the past week when only 3,150 BTC were mined for the period, reported asset allocator HODL15Capital on May 4.

This accumulation by institutions and ETF issuers represents almost six times the amount of the asset being produced since miners only generate 450 coins per day.

The total inflow for the past five trading days was around $1.8 billion, with a net outflow on April 30, according to Farside Investors. There has only been one outflow day since April 16, as the inflows have mirrored market recovery.

Last week’s accumulation followed an increase in BTC spot prices in early May when the asset gained 4%

OpenAI ignored experts when it released overly agreeable ChatGPT

OpenAI says it ignored the concerns of its expert testers when it rolled out an update to its flagship ChatGPT artificial intelligence model that made it excessively agreeable.

The company released an update to its GPT‑4o model on April 25 that made it “noticeably more sycophantic,” which it then rolled back three days later due to safety concerns, OpenAI said in a May 2 postmortem blog post.

The ChatGPT maker said its new models undergo safety and behavior checks, and its “internal experts spend significant time interacting with each new model before launch,” meant to catch issues missed by other tests.

During the latest model’s review process before it went public, OpenAI said that “some expert testers had indicated that the model’s behavior ‘felt’ slightly off” but decided to launch “due to the positive signals from the users

Hackers use New York Post’s X account to send scam DMs, users report

Malicious actors appear to have infiltrated the New York Post’s X account in an attempt to scam crypto users on the microblogging platform.

Some X users from the crypto community have recently reported having received a private message from the New York Post’s X account inviting them to feature in a podcast and to contact them via Telegram.

The spurious messages were first discovered on May 3 by Kerberus founder and CEO Alex Katz, who shared a screenshot of a message made out to be from author and journalist Paul Sperry via the official nypost account.

“What’s interesting about this case is that the scammer gained unauthorized access but didn’t post a Pump.fun address or wallet drainer. Instead, they’re messaging users and then directing them to Telegram,” observed cybersecurity engineer and NFT collector “Drew”.

Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/scammers-use-ai-fake-id-scott-melker-steal-4m" rel="null"

Solana devs fix bug that allowed unlimited minting of certain tokens

The Solana Foundation has confirmed that a zero-day vulnerability that allowed an attacker to potentially mint certain tokens and even withdraw those tokens from user accounts has been fixed.

A May 3 post-mortem from the Solana Foundation said that the security vulnerability, first discovered on April 16, could have allowed an attacker to forge an invalid proof affecting Solana’s privacy-enabling “Token-22 confidential tokens.”

There is no known exploit of the vulnerability, and Solana validators have since adopted the patched version, the foundation said.

Solana zero-day security bug affected Token-22 confidential tokens

The Solana Foundation said the security vulnerability concerned two programs: Token-2022 and ZK ElGamal Proof.

Token-2022 handles the main application logic for token mints and accounts, while ZK ElGamal Proof verifies the correctness of zero-knowledge proofs to show accurate account balances.

The foundation said certain algebraic components were omitted from the hash in the Fiat-Shamir Transformation’s transcript generation, which specifies

Mattel to wind down its Hot Wheels Virtual Garage NFTs

Toymaking giant Mattel is putting the brakes on its Hot Wheels Virtual Garage non-fungible tokens, pending a decision on the collection’s future.

There will be no future releases of any new NFT series or feature drops for the “foreseeable future,” Mattel said in an update on its website. The company said it will decide on the “long-term future” of Mattel digital collectibles.

“Your unwavering support and enthusiasm for the Hot Wheels Virtual Garage has been legendary, and we’re incredibly grateful to have been on this journey with you,” the company said.

“As we evaluate the changing world of virtual collectibles, we’ve determined the time has come to end our Series and Feature Drops in 2025 and onward.”

There are no plans for any new NFT series or feature drops for Mattel’s Hot Wheels Virtual Garage. Source: Mattel Creations

In the meantime, users’ <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/what-are-nfts-and-why-are-they-revolutionizing-the-art-world"