U.S. President Donald Trump recently said he has a “big announcement” coming soon. He called it “earth-shattering” and “a positive development for the country,” but gave no clear details about what it is. He did say it’s not about trade, which has led to plenty of speculation online.
Some people believe the announcement could involve Bitcoin or other cryptocurrencies. There are rumors it could be about a U.S. government crypto reserve or some kind of support for digital assets. One crypto personality said the news will be “game-changing” and should come before Monday.
Trump said, “We have a big announcement to make, not about trade but something else but it’s going to be a truly earth shattering and a positive development for this country and for the people of this country.”
Others think the announcement may be about international politics. Online AI assistant Grok shared a few possible options based on current global events. These include a possible ceasefire deal in Gaza that could last five to seven years, a peace deal between Ukraine and Russia that accepts some Russian territorial gains, or a new nuclear deal with Iran in exchange for easing sanctions. All of these would be major steps toward global peace, but none have been confirmed.
President Trump: “We have a big announcement to make, not about trade but something else but it’s going to be a truly earth shattering and a positive development for this country and for the people of this country.” pic.twitter.com/pZLS3bnszW
Adding to the mystery, Steve Witkoff was recently sworn in as the new U.S. Special Envoy to the Middle East on May 6, 2025. This has made some people think the announcement could be linked to peace talks in the region.
For now, no one knows for sure what Trump’s big announcement will be. But with his promise that it’s coming within a few days, people are eagerly waiting to find out.
Today in a press release, Trump Media announced that its upcoming ETFs and exchange-traded products will focus on “Made in America” digital assets, set to launch later this year pending regulatory approval. This marks another step in President Trump’s growing crypto involvement, following Trump-branded NFTs, memecoins, and plans for a crypto-focused bank. Following the news, CRO’s trading volumes surged by 1300%, hitting $278 million within 24 hours of the Trump Media partnership announcement.
However, after a strong rally, Crypto.com’s Cronos (CRO) is now facing sharp criticism, with allegations of misleading practices shaking investor confidence. The token initially surged 35% after Crypto.com’s high-profile partnership with Trump Media, but fresh concerns over a secretive 70 billion CRO re-issue have put the rally at risk.
As skepticism spreads, analysts are urging caution, warning that this could be a classic pump-and-dump scenario.
Independent Blockchain investigator ZachXBT dropped a bombshell, accusing Crypto.com of reissuing 70 billion CRO tokens that were supposedly burned forever in 2021. This move effectively increases the supply and raises serious transparency concerns. ZachXBT called CRO “no different from a scam,” highlighting how investors had been led to believe that only 30 billion CRO remained in circulation. The revelation came just weeks before Crypto.com’s deal with Trump Media, raising questions about the timing and intent behind the token issuance.
Mixed Views
The controversy has triggered backlash in the crypto community, with users like Crypto_Rexy calling it a “massive red flag.” ZachXBT also questioned why Trump Media’s Truth Social chose to partner with Crypto.com over more established exchanges like Coinbase or Kraken.
Another user, CoinBaron argues that while Cronos (CRO) is centralized due to Crypto.com controlling most validator voting power, calling it a scam is an exaggeration. He points out that true decentralization was never part of CRO’s design, and in the end, retail investors mostly care about price increases.
Trump Deal Sparks Hype, But Will CRO Hold Its Gains?
Despite the controversy, the Trump-Crypto.com deal sent CRO soaring past $0.10, with trading volume skyrocketing by 1300% to $278 million. The partnership aims to launch ETFs and ETPs focused on U.S.-backed digital assets, including Bitcoin and CRO. However, analysts warn that the hype might not last, as the CRO ETF still faces regulatory hurdles, and trust in Crypto.com has been shaken.
With CRO’s price rally now under scrutiny, investors are left wondering—will the token continue to rise, or is a major correction incoming? Only time will tell.
The post Cronos (CRO) Surges 35% After Trump Deal, But 70B Token Reissue Sparks Investor Fears appeared first on Coinpedia Fintech News
Today in a press release, Trump Media announced that its upcoming ETFs and exchange-traded products will focus on “Made in America” digital assets, set to launch later this year pending regulatory approval. This marks another step in President Trump’s growing crypto involvement, following Trump-branded NFTs, memecoins, and plans for a crypto-focused bank. Following the news, …
Ethereum has always led the way for smart contracts and decentralized apps. But with more traders jumping in, especially through meme coins, the system gets overloaded fast. High gas fees, slow transactions, and risky trades can block Ethereum’s full potential. That is why projects like Pepeto matter. They do not just follow Ethereum’s rise , they make it easier for that rise to continue.
PepetoSwap brings calm to the chaos of meme trading
The meme coin space is full of hype, but also full of risk. Rug pulls and scam tokens flood basic swap tools, costing users money and trust. PepetoSwap fixes this. It is a zero-fee exchange made only for meme coins that pass strict checks. Every project listed must offer real value, and all swaps are fast and secure.
That makes PepetoSwap more than just another exchange. It is a filter system, a quality gate, and a safe space for meme coin investors who want real projects, not fake promises. This structure helps Ethereum by keeping more volume on-chain, but with fewer problems.
Cross-chain movement made simple with Pepeto Bridge
Crypto is not just about one chain anymore. Traders want to move fast across Ethereum, BNB Chain, and more. Pepeto’s bridge makes that easy. Using a lock-and-mint setup, it lets users send tokens from one blockchain to another without confusion or danger. Tokens are locked on the old chain, and new ones are minted on the new one , clean, safe, and simple.
This helps Ethereum keep users active during market peaks. Instead of leaving the ecosystem due to fees or delays, traders stay in, using tools that make Ethereum faster and friendlier.
More than $5.2 million raised , and that’s just the start
Investors are already showing strong belief in Pepeto. The project raised over $5.2 million in its presale stage, proving that serious crypto users are watching closely. With a token price of just $0.000000131, the upside is still big , especially for those who get in early.
Even better, long-term holders can stake their Pepeto and earn up to 285 percent annually. That kind of return makes it clear that this project is rewarding more than just hype , it’s rewarding trust.
The team has already confirmed a Tier 1 exchange listing is in progress. This is a major step forward, as it brings volume, global exposure, and a higher level of market trust. For a meme project built on real value, this could be the moment that moves Pepeto into the spotlight.
Ethereum doesn’t just need volume , it needs better tools
Pepeto offers those tools. It protects users, smooths traffic, and keeps Ethereum efficient as meme coin demand rises. This isn’t just another meme project. It’s part of the structure Ethereum needs for the next bull run.
The post Ethereum Can Only Go Higher If Its Tools Keep Up , Pepeto Is One Of Those tools appeared first on Coinpedia Fintech News
Ethereum has always led the way for smart contracts and decentralized apps. But with more traders jumping in, especially through meme coins, the system gets overloaded fast. High gas fees, slow transactions, and risky trades can block Ethereum’s full potential. That is why projects like Pepeto matter. They do not just follow Ethereum’s rise , …
Hyperliquid, a decentralized exchange, faced a big problem when the price of meme coin JELLYJELLY suddenly jumped by 500%. It looked like someone was manipulating the market, putting the exchange at risk of losing $12 million. But before things got worse, Hyperliquid’s team stepped in, fixed the issue, and turned the loss into a $700K profit. To stop any more trouble, they shut down trading for JELLYJELLY.
How One Whale Nearly Broke the System
The chaos started when a trader holding 124.6 million JELLYJELLY tokens, worth $4.5 million, placed an $8 million short bet on Hyperliquid. This forced the platform’s liquidity vault to take on the risk. But then, another wallet likely controlled by the same trader opened a massive long position at the same time. This caused JELLYJELLY’s price to skyrocket, leading to mass liquidations and huge profits for the trader. Arkham later revealed that this was a deliberate strategy to exploit leverage and drain funds from Hyperliquid.
Hyperliquid just got exploited. What happened?
A trader deposited $7.167M on 3 separate Hyperliquid accounts within 5 minutes of each other. He then made leveraged trades on an illiquid coin, JELLYJELLY.
But the plan backfired when the trader’s accounts were restricted to reduce-only orders. This meant they could no longer open new trades and had to start selling off tokens from the first account to recover some of their funds, despite still having millions in unrealized gains.
The attacker’s last withdrawal was at 12:43 UTC. However, he continued to attempt withdrawals – but was unable to, since his account was restricted to reduce-only orders at 12:50 UTC.
However, his accounts still had millions of dollars in unrealized PnL.
As JELLYJELLY’s price kept climbing, Hyperliquid’s liquidity vault faced the risk of a massive wipeout. If the token’s market cap kept rising, the vault could have lost everything. Seeing the surge in trading, major exchanges like Binance and OKX stepped in, listing perpetual futures for JELLYJELLY to capitalize on the hype.
Hyperliquid Pulls the Plug
With the situation escalating, Hyperliquid validators stepped in and reset JELLYJELLY’s price to $0.0095—the level where the whale had originally placed their short position. This allowed the platform to liquidate 392 million JELLYJELLY tokens, converting a multi-million-dollar disaster into a manageable $703K profit.
However, to prevent further manipulation, Hyperliquid immediately closed all open JELLYJELLY positions and removed the token from its platform. The team also promised to reimburse affected users, with compensation set to be distributed automatically, except for flagged addresses suspected of being involved in the scheme.
A Blow to Hyperliquid’s Reputation?
Hyperliquid’s response to the crisis drew mixed reactions. Some praised its quick action, while critics like Bitget CEO Gracy Chen argued it acted more like a centralized exchange. BitMEX co-founder Arthur Hayes also questioned the handling of the situation.
This marks Hyperliquid’s second major liquidity scare in just two weeks. Earlier, a whale’s $200 million Ethereum long liquidation caused a $4 million loss for its liquidity vault. The repeated turmoil has shaken confidence, sending Hyperliquid’s native token, HYPE, down over 12% in a day and over 30% for the month.
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The post Hyperliquid JELLY Manipulation Breakdown: How a 500% Pump Nearly Cost $12M appeared first on Coinpedia Fintech News
Hyperliquid, a decentralized exchange, faced a big problem when the price of meme coin JELLYJELLY suddenly jumped by 500%. It looked like someone was manipulating the market, putting the exchange at risk of losing $12 million. But before things got worse, Hyperliquid’s team stepped in, fixed the issue, and turned the loss into a $700K …
