Jack Dorsey, co-founder of Twitter, endorsed BIP 177, which proposes a radical rebranding of Bitcoin’s base unit. Dorsey supported the proposal on X and spread the new idea with 1 million views. A software developer, John Carvalho, published BIP 177 titled “Refine Bitcoin’s Base Unit”, arguing that the BTC currency could be simplified by removing […] source: https://zycrypto.com/jack-dorsey-backs-radical-bitcoin-overhaul-why-your-satoshis-could-soon-become-bitcoins/

Conflicting reports about Elon Musk's planned meeting with Trump highlight his decreased political involvement. source: https://coincu.com/338750-musk-trump-meeting-unconfirmed

Alleged Musk-Trump dinner in Washington not confirmed; Musk's Washington influence wanes. source: https://coincu.com/338748-musk-trump-dinner-unconfirmed

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. source: https://www.theblock.co/post/355093/the-daily-crypto-industry-cheers-historic-stablecoin-bill-progress-microsoft-adds-real-time-blockchain-data-to-fabric-and-more?utm_source=rss&utm_medium=rss

Bitcoin maxis often laugh at Ripple’s failures, but Brad Garlinghouse’s cancelled meeting with Cynthia Lummis is more than what it seems. source: https://protos.com/theres-more-to-the-brad-garlinghouse-cynthia-lummis-feud/

A major whale on Hyperliquid (CRYPTO: HYPE) has opened a staggering $703 million long position on Bitcoin (CRYPTO: BTC), reflecting high conviction in the asset's upside potential. source: https://www.benzinga.com/markets/cryptocurrency/25/05/45527096/bitcoin-whale-trader-up-over-20-million-in-unrealized-gains-on-700-million-btc-pepe-positions?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

According to Cointelegraph, Bitcoin is on the brink of achieving its highest monthly candle close in history, with just 11 days remaining in the month. Following a record weekly close of $106,407 on May 18, Bitcoin could secure a new monthly high by closing above $102,400. This potential milestone underscores the ongoing bull market, which continues to gain momentum. The cryptocurrency's current trajectory suggests it is nearing a 'price discovery' phase, as highlighted by crypto trader Jelle. Price discovery involves buyers and sellers interacting at an undefined range to establish the market price of an asset. A breakthrough above Bitcoin's all-time high of $110,000 would initiate this phase, propelling BTC into an uncharted trading range with successive higher highs until a new equilibrium between supply and demand is reached. Cointelegraph also noted that Bitcoin is close to confirming a 'golden cross' on its daily chart, a pattern historically associated with 45% to 60% price rallies. This development aligns with the likelihood of Bitcoin reaching new highs this month. A monthly close near $110,000 would represent a 15% to 17% gain for Bitcoin in May, marking its strongest May performance since 2019 and significantly surpassing the historical average monthly return of 8% for the month. Bitcoin researcher Axel Adler Jr. has identified a key technical pattern in Bitcoin’s current bull cycle, pointing to three recent instances of 'compression'—periods of tightening price ranges—measured by rolling maximum/minimum over 180 days. This compression often signals an impending breakout, as evidenced by the 2017 rally when Bitcoin surged from $1,000 to $20,000. From a liquidation perspective, over $3 billion in short leveraged positions are at risk if Bitcoin's price climbs to $110,000 from $105,000. Conversely, a drop to $94,612 would trigger a similar amount in long liquidations. This skew indicates a higher probability of the price pushing upward to chase liquidity on the sell-side rather than dropping lower. Technical analyst Gert van Lagen echoed this sentiment, stating, 'A liquidation magnet is glowing above $107K, ready to vaporize billions in shorts. First, BTC soared on fear. Next, it'll rise on liquidations.' This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

شهدت عملة الريبل XRP تشكّل نمط صعودي تدريجي، والذي يشير إلى احتمال حدوث ارتداد قادم، خاصة مع تزايد عمليات الشراء من قبل الحيتان، واستمرار المحادثات مع شركة Circle. حيث يعكس هذا السلوك اهتماماً متصاعداً من كبار المستثمرين، وهو ما قد يدفع بالسعر إلى تسجيل تحركات إيجابية في المرحلة المقبلة. من جهة أخرى، تشير بيانات الشبكة […] source: https://arabeum.net/%d8%aa%d9%88%d9%82%d8%b9%d8%a7%d8%aa-%d8%b3%d8%b9%d8%b1-%d8%a7%d9%84%d8%b1%d9%8a%d8%a8%d9%84-xrp-%d8%aa%d8%b4%d9%83%d9%84-%d9%86%d9%85%d8%b7%d8%a7%d9%8b-%d8%b5%d8%b9%d9%88%d8%af%d9%8a%d8%a7%d9%8b/

Bitcoin mining company Riot Platforms, Inc. announced increased credit facility of $200 million with Coinbase Credit to optimize capital usage and support long-term value creation. source: https://www.benzinga.com/trading-ideas/movers/25/05/45526957/riot-platforms-pledges-more-bitcoin-to-double-borrowing-facility-with-coinbase?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Moscow authorities arrested Vladimir Smerkis, co-founder of crypto game Blum and former head of Binance, as part of a fraud investigation. source: https://zycrypto.com/moscow-authorities-arrest-co-founder-of-tap-to-earn-crypto-game-blum/

The essence of payment is the superposition of trust mechanism + legal infrastructure, not the technical issue of "whether or not the money can be transferred".

Stablecoins need to use new technologies to promote the operating efficiency of currencies, reduce costs, and have strict risk control.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.

Institutions are increasing their holdings and technical indicators are impressive. The $250,000 target may be achieved next year.

As Bitcoin attempts to revisit its January high just above $109,000, multiple on-chain indicators suggest that its momentum is fading.

In the traditional financial system, U.S. Treasury bonds have always been the core assets of global central banks and sovereign funds. However, this pattern is being broken by the cryptocurrency field.

Recommended readings tonight: 1. The rise of interest-bearing stablecoins; 2. Congressional Research Service: A quick look at the GENIUS Act; 3. U.S. stablecoin strategy: Reshaping the dollar hegemony and the Treasury market structure;

Stablecoins, interest-bearing stablecoins, the rise of interest-bearing stablecoins Golden Finance, interest-bearing stablecoins are booming.

Stablecoin legislation is used as a model for successful U.S. crypto regulation. But in a larger narrative, it is the opening of a dollar extension strategy.

Chinese printer manufacturer Procolored has come under fire after cybersecurity experts discovered that its official printer drivers were laced with malware designed to steal Bitcoin from unsuspecting users.