Dig Deeper, Invest Smarter
There is a significant change happening in shops in Bolivia, as products are priced in the digital currency, USDT. Pictures obtained from these stores show Cadbury Dairy Milk and Oreo packs that display their prices in USDT. Economic Changes in Bolivia Lead to Acceptance of Tether’s USDT CEO of Tether Paolo Ardoino took to social
The post Tether CEO Paolo Ardoino Reveals Massive USDT Adoption In Bolivia appeared first on CoinGape.
Airdrop tokens are under the spotlight as Kadena (KDA), Huma Finance (HUMA), and Sophon (SOPH) face volatile market reactions following their recent distributions.
Kadena kicked off a Galxe campaign with a $55,000 prize pool but remains down 14.4% in the last week. HUMA has dropped over 51% in just three days after its Season 1 airdrop, despite strong investor backing. Meanwhile, SOPH plunged 33% within 24 hours of launch due to a massive token unlock and continues to test key support levels amid high leverage and limited utility.
Kadena leads the list of top crypto airdrops for the final week of May, raising over $35 million with backing from major investors like Multicoin Capital, CoinFund, and SV Angel.
The project, a Layer 1 Proof-of-Work blockchain focused on scalability, launched a confirmed airdrop campaign through Galxe with a 100,000 KDA prize pool—valued at around $55,000.
Users can participate by completing tasks such as connecting wallets, joining social channels, or holding KDA tokens. The campaign runs until August 24, offering a strong incentive for community engagement and ecosystem growth.
Despite the airdrop buzz, Kadena’s price has struggled, down 14.4% over the past seven days and currently trading below $0.60.
If the current downtrend continues, KDA could fall toward support at $0.507.
However, if sentiment shifts and buying pressure returns, the token may retest resistance at $0.54, with further upside potential toward $0.621 and $0.677.
Huma Finance recently unveiled its full tokenomics and Season 1 airdrop details, allocating 5% of the total 10 billion HUMA token supply to early users.
Backed by major investors like Circle and HashKey Capital, Huma is positioning itself as a first mover in the emerging PayFi sector. It aims to merge instant payments with DeFi and real-world assets.
Despite raising over $46 million and planning a second airdrop of 2.1% post-TGE, the project faced criticism for its relatively low initial airdrop allocation.
The team insists this is just the beginning, but market engagement has been modest, signaling shifting user preferences toward newer airdrop models.
Since the airdrop, HUMA has plunged more than 51% in just three days, reflecting a lack of buying support following the airdrop. If the current downtrend continues, the price could fall below $0.0503, testing new lows.
However, if sentiment shifts and the token finds support, it could rebound to challenge resistance at $0.055. A stronger rally could even push HUMA up toward $0.0596, though sustained momentum would be needed to reverse the early bearish pressure.
Sophon’s SOPH token dropped over 33% within 24 hours of its debut and Binance listing, primarily due to the sudden release of 900 million airdropped tokens.
Despite strong backing—including over $70 million in funding and support from Binance Labs—the token’s limited immediate utility and the overwhelming supply shock triggered a sharp sell-off.
Adding to the volatility, Binance assigned SOPH a “seed tag” and enabled futures trading with up to 75x leverage, amplifying price swings.
SOPH is now hovering near a key support level at $0.056, which may be tested soon if pressure continues. Should the token regain bullish momentum, it could challenge resistance at $0.059.
A strong uptrend could push SOPH further to $0.061, $0.064, and possibly $0.067.
The post 3 Latest Airdrop Tokens to Watch for the First Week of June appeared first on BeInCrypto.
The crypto industry lost over $244 million to hacks and scams in May 2025, according to blockchain security firm PeckShield.
While the figure remains substantial, it marks a 39% decline compared to April’s $402 million loss, signaling a temporary slowdown in malicious activity.
PeckShield’s data shows the attacks spanned various protocols, with some incidents resulting in minor breaches and others involving catastrophic losses.
The largest exploit involved Cetus Protocol, a decentralized exchange operating on the Sui blockchain, which lost roughly $223 million in a single attack.
Following the breach, Cetus engaged with Sui validators to freeze some stolen assets, which amounted to roughly $162 million or about 71% of the stolen funds.
Cetus recently saw its proposal to reclaim the frozen funds approved by Sui validators. This marks the beginning of a broader recovery process that includes upgrading smart contracts, restoring liquidity, and preparing the platform for relaunch.
Meanwhile, another platform that saw a significant attack was the Ethereum-based Cork Protocol.
Attackers exploited the platform’s Wrapped Staked Ethereum (wstETH) and Wrapped Ethereum (weETH) markets, stealing around 3,761.8 wstETH, valued at nearly $12 million. Although other markets were not affected, Cork paused all operations to allow for a full audit.
The PeckShield’s report raised new concerns about the return of North Korea-linked hackers. According to the firm, these malicious actors allegedly stole $5.2 million from a single crypto trader.
The incident has reignited fears of state-sponsored attacks, following a lull after February’s $1.5 billion Bybit exploit.
Other incidents included a $2.2 million exploit on Mobius Token contracts on the BNB Chain. In this case, the attacker used a single smart contract to drain 28.5 million MBU tokens.
Amid the growing threats, Tornado Cash, an Ethereum-based crypto mixing tool, remains the preferred tool for laundering stolen funds.
Considering this, Yu Xian, co-founder of blockchain security firm SlowMist, urged victims to share their wallet addresses after an exploit. He suggested making them public or partially censored to support investigations and avoid being mistakenly identified as suspects.
According to him, hackers increasingly use different tactics to shift suspicion onto innocent users to complicate law enforcement agencies’ investigations.
“Some hackers nowadays like to frame others. You will not only suffer the pain of having your funds stolen, but also the subsequent cooperation with law enforcement investigations… It is not pleasant to be treated as a suspect,” he added.
The post Cetus Breach and North Korea Theft Led to $244 Million Crypto Losses in May appeared first on BeInCrypto.
Bitcoin price forecast remains clouded by political tension, with BTC holding above $85,000 as traders weigh Fed independence and rate direction
Bitcoin price tethered near the $85,000 zone on Thursday despite bearish sentiment across global financial markets linked to the US-China trade war. While equity markets faced sharp drawdowns, the flagship cryptocurrency remained resilient following heightened political friction between the White House and the Federal Reserve.
President Donald Trump amplified criticism of Federal Reserve Chair Jerome Powell, suggesting potential removal after Powell reaffirmed the Fed’s legal independence during a speech at the Economic Club of Chicago. Powell emphasized that the central bank’s autonomy is protected by statute, stating, “We’re not removable except for cause.”
The remarks followed a series of posts on Trump’s Truth Social account, where he labeled Powell’s policy direction “a complete mess,” accusing the Fed of missing timely opportunities to reduce interest rates despite falling inflation and commodity prices.
Trump pointed to the European Central Bank’s expected seventh rate cut as justification for immediate Fed action.
He claimed inflation was under control and called for lower rates to support economic growth.
Treasury Secretary Scott Bessent is reportedly preparing to begin interviewing candidates to potentially replace Powell later this year, adding further uncertainty to the Fed’s policy outlook.
Interest rates play a pivotal role in shaping capital flows toward risk assets like Bitcoin. Lower interest rates typically drive investors to seek higher returns in alternative markets, including crypto, making any shift in Fed policy direction a crucial signal for Bitcoin’s trajectory.
If Trump successfully pressures the Fed into cutting rates sooner than anticipated, it could reinvigorate bullish momentum in Bitcoin and the broader crypto market.
Lower borrowing costs and increased liquidity may encourage institutional and retail investors to allocate more capital into digital assets, potentially driving Bitcoin toward fresh highs above the $90,000 level.
Such a move would also align with broader global easing trends, particularly if the ECB proceeds with further cuts.
On the other hand, if the ECB slashes rates while Powell opts for another pause, the divergence could create a temporary imbalance in capital flows.
This might strengthen the US dollar in the short term, applying downward pressure on Bitcoin and other dollar-denominated assets.
In this scenario, Bitcoin could face renewed volatility and range-bound trading, particularly if macroeconomic uncertainty persists around interest rates and inflation targets.
Bitcoin price forecast shows a tentative bullish stance losing momentum as BTC consolidates below the $88,454 resistance, a level defined by the upper Donchian Channel band.
While BTC price remains above the midline near $81,456, this recent rejection signals waning bullish strength. The narrowing channel range between $88,454 and $74,458 highlights tightening market conditions, a precursor often to breakout or breakdown moves.
The MACD histogram also shows fading bullish bars, while the MACD line, although above the signal line, flattens around 551—indicating momentum is stalling rather than strengthening. Should BTC lose $81,456, a move to test the lower channel support at $74,458 is likely, with further downside to $71,000 possible if selling intensifies.
However, a decisive daily close above $88,454 with strong MACD expansion could revive the bullish trend, targeting $92,000 short term. Until then, the bias leans bearish as momentum stalls and resistance caps further gains.
The post Bitcoin Price Moves Above $85K as Donald Trump Fires at Fed Chief Jerome Powell, What’s happening ? appeared first on CoinGape.