Buying crypto is easy. Securing it puts you in control.
If you’ve wondered whether exchanges are really safe, or what it means to “hold your own keys,” you’re not alone.
This article is for anyone who wants to take the next step: to understand what self-custody really means, why it matters, and how a hardware wallet helps you protect what’s yours.
Buying crypto is just the beginning. The most important part is you secure it.
Most people start by keeping crypto on an exchange or in an app. It’s easy, but it comes with a cost: you’re trusting someone else to hold your money. And if that platform gets hacked, freezes your account, or shuts down, your assets could disappear overnight.
Self-custody changes that. It means you, and only you, control the private keys that unlock your crypto. No third parties or gatekeepers.
Crypto was built on the idea of independence. Self-custody puts that into practice. It’s a shift in mindset: you’re not just investing, you’re owning your financial future.
A hardware wallet is a tool built for one purpose: keeping your crypto keys safe by keeping them offline.
When you set it up, your private keys are created inside the device, and they never leave it.
Even when plugged into your phone or computer, the wallet doesn’t share those keys. Instead, it signs transactions internally, then sends only the signed data out. Your keys stay isolated from the internet at all times.
This is called cold storage, and it’s the foundation of how hardware wallets protect your crypto.
The reason offline storage matters is simple: most online threats rely on access.
Malware, phishing attacks, and remote exploits all try to steal your private keys. But with a hardware wallet, the keys never touch your computer or phone, so your crypto stays safe even if those are compromised.
Each transaction must be physically confirmed on the device. You see exactly what you’re approving before anything is sent, which prevents invisible tampering.
The wallet runs minimal, purpose-built code. No extra apps. No background processes. That simplicity reduces the ways something can go wrong.
It’s this combination — offline isolation, physical confirmation, and minimal attack surface — that gives hardware wallets their unmatched level of protection.
Crypto wallets fall into two main types: software and hardware.
A software wallet is an app on your phone or computer. It’s great for quick access and small payments, but because it’s connected to the internet, your keys are more exposed.
A hardware wallet stores your keys offline in a separate device. This makes it much harder for hackers or malware to access your funds.
Use a software wallet if you are transacting often, and a hardware wallet for long-term saving.
A good rule of thumb: only keep in a software wallet what you’d carry in cash.
By combining both, you get the best of both worlds: speed and convenience for daily use, security, and peace of mind for long-term storage.
A hardware wallet protects your keys, but you’re still responsible for backing them up.
When you set up your wallet, it gives you a backup: a list of words to write down and store safely, also called a seed phrase or recovery seed.
Never share your backup, store it digitally, or enter it into an internet-connected device. If someone else gets access to it, they can take your funds; no hacking required.
If your wallet goes missing, your backup gets you back on track.
Trezor was the first hardware wallet ever created, launched in 2014. Since then, it’s become one of the most trusted tools for Bitcoin and crypto self-custody.
Its software and firmware are fully open source, meaning anyone can review and test the code. This kind of transparency helps ensure the security behind the device is real, not just claimed.
Trezor is designed to make self-custody simple. Setting up a wallet is beginner-friendly, and advanced features are available when you’re ready to use them.
Your keys never leave the device. No one (not even Trezor) can access your funds, freeze your account, or act on your behalf.
Behind Trezor is a security-first team and a global community that values privacy, personal freedom, and open technology. And if you ever need help, our support team is here to assist — real people ready to guide you.
Getting started with Trezor is simple. The device guides you through setup step by step, and the Trezor Suite app makes it easy to manage your wallet.
Once your wallet is set up, the most important step is to test and secure your recovery backup. Trezor Suite includes a built-in check so you can make sure everything is written down correctly before you need it.
After that, you’re ready to send and receive crypto.
If you want personal guidance, Trezor Expert offers one-on-one onboarding. A team member will walk you through setup, answer your questions, and help you feel fully in control from the start.
Taking control of your crypto comes with responsibility, but it also brings peace of mind.
With a hardware wallet, you know your keys are safe, and your money is truly yours.
Aiming to push its expansion in the country, international cryptocurrency exchange MEXC appointed Amira Alawi as its new country manager for the Philippines.
She is a Moroccan-Filipino marketing consultant and entrepreneur with the real name of Amira Marbella Al-Alawi and is the older sister of Filipina actress Ivana Alawi.
Amira Alawi: The New MEXC PH Chief
According to her reposted article on LinkedIn, Alawi will be responsible for overseeing MEXC’s local operations and driving user adoption through community-focused initiatives.
“It’s kind of a big deal for someone who’s been fighting for more women in web3 representation and inclusivity. I’ve only doxxed recently but I’ve always been heavy in trading.”
Amira Alawi, Country Manager for the Philippines, MEXC
As per the statement, through her leadership, MEXC plans to launch localized education campaigns, creator-led content, and partnerships.
Alawi emphasized that web3 is not just about financial gains but a way to transform how Filipinos interact with technology, content, and capital by making this shift more accessible, particularly for women, creators, and digital entrepreneurs interested in learning about web3 and blockchain.
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Moreover, MEXC noted that Alawi’s background in influencer-driven campaigns, startup acceleration, and digital education, makes her well-equipped to lead localized, community-first strategies that resonate with the Filipino market.
“Mass adoption isn’t about hype—it’s about trust, knowledge, and relevance. That’s why we’re investing in leaders like Amira who can bring the message home, in language that connects with the market.”
MEXC
Amira Alawi: A Woman Leader in Web3
In addition to her role at MEXC, Alawi is also the head of social media and growth at Sovrun, a Filipino-led blockchain projecty formerly known as BreederDAO.
Amira is also a content creator with over five million views on TikTok, using her influence to promote crypto adoption and digital education.
She recently spoke at the AIBC World x SiGMA World Tour 2025 and will speak at Philippine Blockchain Week on June 10 to 11, 2025.
What is MEXC?
MEXC is a global cryptocurrency exchange founded in 2018. According to its website, it serves over 40 million users across more than 170 countries and offers spot, futures, and margin trading.
Recently, MEXC increased its involvement within the Solana ecosystem by acting as a significant sponsor for the Solana Summit APAC 2025.
It claims to have its core principles through its acronym:
M: Most trending tokens to keep you ahead of the curve in the fast-evolving crypto space.
E: Everyday airdrops, bringing you consistent rewards and opportunities.
X: Xtremely low fees, empowering you with affordable trading and greater growth potential.
C: Comprehensive liquidity to ensure smooth and seamless transactions, even in volatile markets.
However, it must be noted that MEXC is currently not registered and licensed as a virtual asset service provider (VASP) in the country, and there is currently a moratorium on accepting applications for it.
While Bitcoin may have been the original cryptocurrency, Dogecoin has carved out its own niche as a fun, community-focused digital currency. With lighthearted Doge memes and an emphasis on doing good, Dogecoin has attracted a playful fanbase. So it makes sense that some of the top online casinos have started accepting Dogecoin deposits and withdrawals.
If you’re looking for the best places online to gamble with Dogecoin or try your luck at slots and table games using your DOGE, here are seven great cryptocurrency casinos that accept the popular memecoin as a payment method. We’ve analyzed their game selection, bonuses, currency options, and reputation to bring you what we think are the top Dogecoin casino sites to try in 2025.
List of the 10 best Dogecoin casino sites in 2025:
Flush – Excellent casino boasting a huge game selection and frequent Dogecoin promotions
7Bit Casino – Established Bitcoin casino offering lucrative Dogecoin bonuses
CoinCasino – Full Dogecoin support with huge welcome bonus
CryptoGames – Anonymous Dogecoin casino with provably fair odds
Cryptorino – Fast payouts, anonymous play, and Dogecoin support
BC.Game – Established crypto casino with 9,000+ games and big Dogecoin rewards
BitStarz – One-time leader accepts Dogecoin with many promotions for all players
Bitcasino – Large selection with dedicated Doge promos and big no-deposit bonuses
Cloudbet – Established player for major sports betting with good Dogecoin support
Stake.com – New but rising player, renowned for live dealer games and big bonuses
10 top gambling sites to play at with DOGE
We’ve selected the following seven highly-rated Dogecoin casino websites based on factors like game selection, bonuses, reputation, and ease of use. Now let’s break down each one in more detail.
1. Flush – Clean and classy casino with 24/7 support
A relative newcomer compared to some legacy crypto casinos, Flush has still managed to distinguish itself as one of the industry leaders. They were one of the first sites to natively integrate games from leading casino software providers directly into their blockchain. This provides an ultra-smooth gameplay experience for players using supported cryptos like Dogecoin.
Flush’s emphasis on technology helps power an extensive games lobby filled with over 1,500 casino titles, some of the best live dealer games available, and a cutting-edge in-house developed slots collection. Deposits with DOGE are instant, as are withdrawals once any bonus requirements have been met.
New members can cash in on a robust welcome package that includes free spins, match bonuses of up to $1,000, and competitively low 30x wagering requirements to clear the extra funds. Regular reload incentives also help maintain the fun. Flush offers one of the smoothest experiences for enjoying games at a Dogecoin casino.
Pros:
Over 1,500 slots from leading developers
Large selection of live dealer tables
Smooth browser-based instant play
24/7 live chat customer support
Cons:
Lower deposit match bonuses than some competitors
Website aesthetics could use an update
2. 7Bit Casino – Full-service crypto casino with generous bonuses
As one of the first Bitcoin casinos to appear online back in 2014, 7Bit Casino has established itself as a leader in the crypto gambling space. Today they accept over a dozen different cryptocurrencies, including Dogecoin, and sport an impressive collection of over 4,000 casino games from leading providers like NetEnt, Microgaming, and Play’n Go.
New players can boost their bankroll with an industry-leading welcome offer worth up to 5.25 BTC in bonuses and 325 free spins. 7Bit also runs regular reload promotions and a lucrative loyalty program with perks like cashback, free spins, and higher deposit bonuses the more you wager.
Deposits and withdrawals happen nearly instantly for supported cryptos like DOGE, and the site is fully licensed by the government of Curaçao to provide a safe, fair gaming environment for players. 7Bit is a top choice for any Dogecoin casino due to its large game selection, favorable bonuses, and strong reputation in the online gambling space.
Attractive welcome bonus up to 5.25 BTC + 325 free spins
Smooth site navigation and design
Supports most major cryptocurrencies including Dogecoin
Cons:
The account verification process can take 24 hours
Customer support response times vary
3. CoinCasino – Full Dogecoin support with huge welcome bonus
CoinCasino makes it easy for Dogecoin users to dive into crypto gambling, offering direct DOGE deposits and withdrawals alongside BTC, ETH, ADA, and LTC. There’s no KYC required at sign-up, and players can connect instantly via WalletConnect. French, Spanish, and Indian players can all access the platform without a VPN, making it truly global.
The casino features 2,000+ games, including slots, blackjack, roulette, and live dealers, with providers like BGaming and Pragmatic Play. While DOGE-focused promotions aren’t frequent, the site’s support for Dogecoin payments and seamless transaction processing make it ideal for Doge holders looking to play casino games or place sports bets.
New users can unlock a 200% deposit bonus up to $30,000 plus up to 50 Super Spins, though these are mainly tied to slot play. Still, DOGE users will appreciate the speed, anonymity, and bonus scale that CoinCasino brings to the table.
Pros:
Direct DOGE support for deposits and withdrawals
No KYC needed at sign-up
2,000+ games and integrated sportsbook
200% bonus up to $30,000 + Super Spins
Cons:
Bonuses favor slot players
KYC may be triggered on large cashouts
4. CryptoGames – Anonymous Dogecoin casino with provably fair odds
CryptoGames is a Doge-friendly casino that focuses on privacy, transparency, and fast gameplay. With no registration required, players simply deposit DOGE (or BTC, ETH, LTC, ADA, etc.) and begin gambling. It’s a perfect choice for those who value anonymity and provable fairness over flashy design.
There are 10 games available, including roulette, dice, keno, and video poker. All games include house edge visibility and provable fairness tools. While CryptoGames doesn’t offer a welcome bonus, players who stick around earn daily rakeback and long-term loyalty rewards, which makes it a solid Dogecoin casino for consistent users.
DOGE deposits and withdrawals are instant, and the site runs equally well on desktop and mobile. It’s a simple, no-KYC way to enjoy Dogecoin gambling without distractions.
Pros:
DOGE deposits and instant withdrawals
No signup or KYC required
Provably fair games with house edge display
Loyalty rewards and daily rakeback
Cons:
No traditional welcome bonus
Game selection is limited
5. Cryptorino – Fast payouts, anonymous play, and Dogecoin support
Cryptorino stands out as a rising crypto casino that supports Dogecoin for both deposits and withdrawals, making it a strong pick for players seeking low-fee, fast transactions. Designed to cater to privacy-conscious gamblers, Cryptorino requires no KYC verification, letting users start playing within seconds using just their crypto wallet. The platform offers a balanced mix of slots, table games, and sports betting—all optimized for seamless mobile play.
What gives Cryptorino an edge is its Dogecoin-friendly promotions, including a welcome bonus that can be claimed in DOGE, and an Ethereum staking system that earns players passive rewards over time. A cashback-based VIP program, frequent giveaways, and reload bonuses add extra value for returning players. The interface is clean, intuitive, and snappy across devices, with excellent withdrawal speeds to match.
Whether you’re spinning Doge-denominated reels or placing sports bets anonymously, Cryptorino delivers a polished experience. It’s not yet the largest casino on the market, but for Dogecoin fans who want privacy, rewards, and reliable payouts, it’s a compelling option.
Pros:
Full Dogecoin support for payments and bonuses
Anonymous play with no KYC
VIP cashback and Ethereum staking rewards
Cons:
Smaller game library than top-tier sites
Still building up its tournament and jackpot offerings
6. BC.Game – Jackpot of more than 9,000 games
As one of the few crypto casinos to hold licenses in multiple jurisdictions including Malta and Curacao, BC.Game has established itself as a safe and reputable choice for digital currency players globally. Their platform supports over a dozen payment methods including Dogecoin, with deposits clearing in seconds and 24/7 withdrawal processing.
Games come courtesy of major providers like Microgaming, NetEnt, and Play’n Go, totaling over 9,000 casino titles ranging from slots to live dealer options. New members can qualify for a massive 360% matched deposit welcome bonus worth up to an unprecedented $220,000 in site credit. Daily free spin rewards and competitive reload match packages are also ongoing perks. See our article where we go over BC.Game’s bonus codes, free spins, and no deposit bonuses.
BC.Game stands out through partnerships with brands like Premier League’s Leicester City as well as their unique in-house developed sportsbook. Players have reported fast transaction speeds, around-the-clock support, and a smooth interface optimized for desktop and mobile use – making BC.Game an awesome all-around Dogecoin casino choice.
Pros:
Massive selection of over 9,000 casino, poker, and sports betting games
Generous weekly reload bonuses
Intuitive mobile-friendly interface
Supports 18+ cryptocurrencies including Dogecoin
Cons:
Bigger minimum deposits than some competitors
Redeeming bonuses has strict wagering requirements
7. BitStarz – Star-studded slots action
BitStarz was a true crypto gambling pioneer, having launched way back in 2020 to exclusively accept Bitcoin at first. Since then they’ve expanded to over 20 supported coins such as Dogecoin, and grown their available game selection to a staggering 6,000+ titles from the industry’s top developers.
New players can receive one of the best new player offers around – 30 free spins on registration with no deposit needed. From there, BitStarz unleashes their massive 125% matched welcome package worth up to 5 BTC plus 190 spins on qualifying deposits. Weekly reloads also come with attached bonuses.
BitStarz payouts for DOGE happen instantly after any playthrough requirements are cleared. Their trusted Curacao license, advanced security features, and friendly multilingual support team further cement BitStarz as a top-rated choice for wagering with Dogecoin at online slots and casino games.
Pros:
Huge selection of 6,000+ casino games
Attractive welcome package up to 5 BTC + 220 free spins
Fast withdrawals within 24 hours
Great live chat customer service
Cons:
No sportsbook or poker offerings
Strict bonus terms for some promotions
8. Bitcasino – Award-winning online casino
Taking the web 3.0 crypto casino concept to new heights, Bitcasino was built from the ground up on the blockchain to ensure transparent, provably fair gameplay for its community-focused players. Using cryptocurrencies is at the core of their model, with virtually frictionless deposits and withdrawals supported for Dogecoin, Bitcoin, Ethereum, and more.
Their unique bonus program awards token-based “Drops” just for playing favorite games across thousands of top-tier casino titles. No deposit is required to start earning and enjoying free perks. Regular reload bonuses like match packages and no-wager free spins are available as well.
Bitcasino’s seamless gaming experience extends across desktop and mobile via an easy-to-use website interface. Their dedication to community, transparency, and fair play while encouraging social fun with Dogecoin is why Bitcasino continues gaining popularity as a highly rated Dogecoin casino choice.
Pros:
Provably fair audited Random Number Generator
Large game library from top developers like Microgaming
Generous competitive bonuses and rewards
Strong crypto security measures in place
Cons:
Conservative bonus wagering requirements
Fewer live casino options than competitors
9. Cloudbet – Big-name sportsbook and casino
One of the premier crypto-only casinos, Cloudbet was built for seasoned cryptocurrency players seeking the highest limits and most secure gambling environment possible. To that end, they’ve obtained licenses across multiple jurisdictions and built industry-leading security features directly into their web platform and native mobile apps.
Cloudbet works seamlessly with all major cryptocurrencies including DOGE, instantly crediting deposits and allowing quick cashouts once playthrough requirements for any bonuses are met. Their games lobby is stocked with over 3,000 casino games and even sports betting options for worldwide events.
New users can score a number of generous no-deposit bonuses like free spins just for registering an account. From there, Cloudbet adds further value through reload match packages and loyalty rewards based on monthly play. Security, limits, and professionalism make Cloudbet among the top-rated Dogecoin casinos for high-roller crypto players.
Pros:
Best betting markets and odds for crypto, sports, and esports
Large deposit bonuses up to 5 BTC
Fast payouts within 24 hours
Advanced bet builder and live streaming
Cons:
Fewer slots games than dedicated casinos
Steeper betting margins than traditional bookmakers
10. Stake.com – Stylish betting lair
Built specifically for crypto fans and “degens”, Stake takes a unique community-led approach to their online casino based around meme-filled fun. Over 10 supported coins including DOGE add to their “degen” culture while powering a massive games suite featuring over 6,000 casino titles and the ability to wager on esports events.
To match the lighthearted vibe, Stake runs constant giveaways and promotions for established players like free spins for following them on social media or just leaving a review. New members also qualify for lucrative match bonuses worth billions of fun coins on deposits.
A seamless gaming experience across desktop, Android, and iOS extends Stake’s reach, helping them achieve over 10 billion wagers processed to date, making them one of the best mobile crypto casinos. Whether you want big action or just want to gamble on slots with Dogecoins for fun, Stake.com’s unique community environment makes it a top choice amongst Dogecoin casinos.
Pros:
Massive bonuses for high-volume crypto players
VIP host concierge service for big players
Wide range of Bitcoin, Ethereum, and Dogecoin games
Fast payouts and huge betting limits
Cons:
Setups geared more towards big spenders
Fewer conservative game options than on other sites
Minimum 5-figure monthly wagering required for VIP perks
Tips for maximizing your experience at Dogecoin casinos:
Carefully read the terms of all signup bonuses before playing to know the wagering requirements.
Take advantage of no-deposit free spins offers to try games risk-free before making a crypto deposit.
Use strict budgeting and set limits to keep gambling as entertainment instead of relying on wins.
Participate in cashback, reload, and loyalty programs by regularly playing your favorite sites.
Monitor crypto market conditions before withdrawing large amounts to avoid unexpected losses to volatility.
Read honest third-party reviews on sites’ payout speeds, game quality, and player support standards.
Consider diversifying your bankroll across multiple quality casinos for more promo and deposit options.
Stay current on each site’s latest bonuses by checking their blogs, and social media, or contacting live support.
Have fun, and take chances on progressive jackpots, but know when to walk away versus chasing losses.
Gambling with DOGE enables fans of the crypto and meme culture to enjoy slots, table games, progressive prizes, sports betting, and more while supporting their beloved currency.
The bottom line
7Bit Casino, Flush, BC.Game, BitStarz, Bitcasino, Cloudbet, and Stake.com lead the pack when it comes to quality online casinos that accept Dogecoin deposits and payouts in 2025. From bonuses to banking to support, each site hits the mark on what crypto players look for. Now go have some fun spinning the reels using your DOGE.
If you’re looking for casinos accepting specific cryptocurrencies, see the highest-rated Tron casinos. Or maybe, if you’re interested in poker, you can check out our list of the best Ethereum poker sites.
Webus unveils $300M plan to build XRP reserve and drive global blockchain expansion.
Funds will support cross-border payments, digital wallets, and Web3 loyalty tools.
Despite revenue drop, Webus stock jumps 34% as investors back its XRP strategy.
In a major development, Webus International Limited has announced a strategic plan to raise $300 million to boost XRP adoption. The Chinese AI mobility company aims to use non-equity financing to support the use of XRP in cross-border payments. This decision will enable the company to deliver even faster and more affordable cash transfers to its international clients.
Webus to Raise $300M for XRP Reserve and Global Growth
With the resulting funds, Webus will add to its reserve of XRP. The company is confident that the reserve will make it possible to settle international payments immediately. At the same time, Webus will design tools based on blockchain technology for digital wallets, Web3 loyalty tokens and secure recorded bookings. The objective of these features is to improve and clarify the way customers use the app.
The money will also help Webus to enhance what it offers in countries worldwide. Doing this involves bringing AI-enabled mobility services to countries outside the United States. As a result, the $300 million plan focuses on three main objectives: establishing the XRP reserve, expanding blockchain infrastructure, and facilitating the company’s rapid global expansion.
Furthermore, Webus is renewing its joint partnership with Tongcheng Travel. Wetour and Tongcheng are helping to provide the Wetour × Tongcheng inter-city charter service, now used by millions. The large user base at Tongcheng will support Webus in connecting with more people in China. Thanks to this, Webus can build a strong standing in the national market as it looks to enter other countries.
CEO Nan Zheng says that teaming up with Tongcheng again will strengthen Webus’ position in China. At the same time, using XRP will allow the company to increase the efficiency of payments conducted across borders. Payouts and refunds can be made with XRP instantly and at a low price. As a result, Webus could distinguish itself from others in the competitive mobility and fintech market.
Webus Stock Soars 34% Despite Financial Struggles
However, there are still challenges to face. The $300 million plan is still being worked out and is based on reaching agreements with the funders. Webus is also experiencing financial difficulties. This year, the company’s revenue went down by 54%, leaving it at $5.35 million. Financial analysts assessed the company with a weak health rating which might reduce investor confidence.
Still, the stock market moved higher after the news was released. Once the announcement was made, shares of Webus (WETO) went up by more than 34%. This high jump reflects that investors think positively about the next steps the company is taking and its approach to blockchain.
Lastly, Webus’s focus on blockchain technologies proves how industries that used to avoid digital solutions are now turning to blockchain for help. To improve its services in Tongcheng and other areas, Webus has built an XRP reserve and started cooperating with Tongcheng. If successful, this could not only boost XRP adoption but also reshape how payments are made in the mobility industry.
As one of the most influential events in the global crypto industry, TOKEN2049serves as a key platform for tracking Web3 trends. Each year, it brings together developers, investors, industry leaders, and policymakers from around the world. TOKEN2049 is not just a stage for showcasing emerging technologies but also a pivotal arena for strategy, innovation, and industry-wide collaboration.
In 2025, TOKEN2049 continues its dual-city format, with events scheduled biannually in Singapore and Dubai. This year’s first stop lands in Dubai, an emerging blockchain hub in the Middle East. With its forward-thinking regulatory framework for virtual assets, Dubai attracts global capital, technology, and entrepreneurial talent, establishing itself as a strategic center for accelerating Web3 adoption worldwide.
Reflecting on TOKEN2049’s Legacy
Since its inaugural event in Hong Kong in 2018, TOKEN2049 has expanded in scale and global influence, evolving alongside the broader crypto industry. As the market matures, TOKEN2049 shifts its main stages to Singapore and Dubai, solidifying its position as a premier international crypto gathering.
Over the years, TOKEN2049 has welcomed some of the most iconic figures in the blockchain world, including Ethereum co-founder Vitalik Buterin, the Solana team, and Binance founder CZ. The event has covered a wide range of critical topics: from public chain innovations and Layer 2 scaling to DeFi breakthroughs, NFT evolution, ecosystem governance, and institutional adoption. These heavyweight discussions have not only shaped the industry’s thinking but also fostered countless venture collaborations and new project launches, making TOKEN2049 a vital barometer of global crypto trends.
Dubai 2025｜Five Industry Trends Redefining the Future of Web3
As the crypto industry enters a new phase of integration and practical deployment, TOKEN2049 Dubai 2025 highlights five key trends expected to shape the future. These themes reflect broader shifts in global finance and tech, while offering clear direction for developers, investors, and the broader market.
Stablecoins and the Future of Global Payments
Stablecoins continue to play a pivotal role in this year’s discussions. Industry leaders likeCircle co-founder Jeremy Allaire and TetherCEO Paolo Ardoino explore the growing role of stablecoins in cross-border payments, corporate finance, and inclusive banking. Speakers also address emerging regulations, compliance frameworks, and infrastructure innovation, emphasizing stablecoins’ foundational place in global financial systems.
Asset Tokenization
Tokenizing real-world assets (RWAs) is one of the most closely watched developments in 2025. Thought leaders fromBlackRock, Apollo, and Securitizeexplain how blockchain transforms the ownership and transfer of real estate, bonds, and private equity. Further sessions examine the tokenization of physical assets, signaling that traditional finance is steadily moving toward full-scale digitization and on-chain transparency.
Web3 × AI: From Tools to Native Ecosystem Participants
The convergence of artificial intelligence and blockchain technology gains significant momentum at TOKEN2049 Dubai 2025. Companies such asNEAR Protocol, Eigen Labs, and Intelligent Internetpresent the latest developments in decentralized AI infrastructure and on-chain automation.
Discussions center around autonomous agents (AI-powered wallets) and the demand for open, trust-minimized AI frameworks. Participants also explore decentralized compute networks, privacy-preserving AI training, and smart contract–based inference pipelines. AI is no longer just a tool for Web3. It emerges as a native participant and autonomous decision-maker within blockchain ecosystems.
Blockchain Spotlight: The Rise of a Multi-Chain Landscape
The evolution of blockchain infrastructure and protocol competition remains a key area of focus.
Solana showcases its roadmap for high-speed on-chain capital markets. Aptos emphasizes fast and secure payment systems powered by the Move language, while Sui promotes its modular architecture for developer flexibility. TRON positions itself as a global settlement layer, and TON leverages Telegram’s massive user base to bring Web3 to the mainstream.
The Ethereum community is set to explore critical issues around Layer 2 scaling, developer experience, and ecosystem governance during sessions like “The Future of Consumer Applications” and “Ethereum’s Existential Crisis.” On the Bitcoin side, teams like Stacks L2 and Babylon plan to showcase innovations focused on trustless infrastructure and BitcoinFi applications.
Regulation and Decentralization: Striking a New Balance
As crypto adoption continues to scale, the balance between regulation and decentralization stands as a core theme at TOKEN2049 Dubai. Policymakers increasingly shift from restrictive stances to more proactive, collaborative frameworks. The goal: to protect users and ensure market integrity, while fostering innovation across DeFi and other decentralized models.
Industry leaders explore how evolving legal landscapes, public awareness, and institutional attitudes influence Web3’s role in global economic systems. Stablecoins return to the spotlight, with discussions examining their path to legal tender and what compliant, efficient global payment infrastructure might look like.
Across the board, TOKEN2049 encourages a mindset shift, from confrontation to collaboration, where decentralization and user sovereignty can thrive within legally sustainable frameworks.
CoolWallet Special Offer｜Celebrating with the Global Web3 Community
To celebrate the launch of TOKEN2049 Dubai 2025, CoolWallet is offering a limited-time promotion for the global Web3 community.
From now until May 8, 23:59 (UTC+8), enter the promo code TOKEN2049 at checkout on the CoolWallet official website to enjoy a 21% discount on all products (excluding pre-order items).
Whether you are new to self-custody wallets or a seasoned crypto user looking to upgrade your security, now is the perfect time to get your CoolWallet Pro.
Manage your crypto assets with the highest level of security and convenience. Start your journey into the decentralized future today.
Navigating the Future of Web3 with Insights from TOKEN2049
TOKEN2049 Dubai 2025 doesn’t just revisit industry highlights—it sets the tone for what’s next. From asset tokenization and global stablecoin adoption to AI-native agents and cross-chain infrastructure, the event reveals how Web3 continues to scale, standardize, and evolve toward real-world utility.
Whether you’re a user, builder, or investor, this is the time to rethink your strategy and prepare for the next wave. CoolWallet will continue to innovate and deliver secure wallet technologies, empowering users worldwide to thrive in the decentralized future, side by side with the industry’s evolution.
An analyst, with a username of @lowstrife, issued a series of warnings on social media platform X regarding the financial health of MicroStrategy, drawing parallels between the company’s capital strategy and the now-defunct structure of the Grayscale Bitcoin Trust.
MicroStrategy, now rebranded as Strategy, is a publicly traded company listed on the NASDAQ stock exchange under the ticker $MSTR. It is the largest known Bitcoin Treasury Company, holding a significant amount of $BTC as its primary reserve asset.
The Grayscale Bitcoin Trust, with a ticker symbol of $GBTC is an exchange-traded fund (ETF) that is solely and passively invested in $BTC. It allows investors to gain exposure to $BTC without directly buying, storing, or securing it themselves.
mNAV Critical to $MSTR’s Survival
In an X thread, lowstrife emphasized that $MSTR’s fate is tightly bound to its market Net Asset Value (mNAV), a sentiment-driven metric that reflects investor perception rather than actual assets.
He stressed that if $MSTR’s mNAV weakens, the company’s ability to raise capital could collapse. Convertible debt, in particular, poses a threat to mNAV by potentially undermining the firm’s ability to service its financial obligations.
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The analyst then drew a parallel comparison to the decline of the $GBTC, which soared in popularity during the 2021 bull market as investors sought indirect exposure to $BTC. However, when demand faded, $GBTC’s structure unraveled.
lowstrife warned that MicroStrategy could face a similar trajectory if mNAV falters, ultimately crippling its fundraising ability and destabilizing its Bitcoin-centric strategy.
“GBTC was a closed fund which floated at a premium or discount relative to the underlying assets. Once the demand for this exposure dried up, demand for the fund to purchase new assets also dried up… Once that mNAV was crushed, that was it for demand.”
lowstrife
lowstrife pointed out that investors are currently buying $MSTR for reasons similar to those that once fueled $GBTC, which is about a way to gain indirect $BTC exposure.
However, he noted that the investment landscape has evolved. With broader and easier access to $BTC through various platforms and financial products, $MSTR’s appeal as a proxy to $BTC is fading.
As $BTC becomes more accessible, the rationale for using $MSTR as a substitute weakens, potentially undermining its value proposition.
The analyst emphasized that there is no inherent mechanism forcing mNAV to align with the actual value of the company’s assets, making it especially fragile.
“Remember, mNAV is entirely sentiment-based. There is no mechanism or reason that it needs to trade at what the assets are worth.”
lowstrife
Structural Risks of $MSTR
lowstrife noted that a major issue for $MSTR lies in its $8.2 billion in outstanding convertible bonds, maturing between 2028 and 2032. He explained that the core issue is not Bitcoin’s price volatility but the performance of $MSTR’s own stock.
That since these are convertible bonds, successful conversion depends on $MSTR’s stock appreciating to predefined levels. If the stock fails to reach those levels, the debt cannot convert into equity, posing a significant financial challenge.
Since $MSTR’s share price is largely driven by its mNAV, a sentiment-based metric, a loss of investor confidence could prevent the conversion from occurring. If that price appreciation fails to materialize, lowstrife warned that the company may be forced to repay the bonds in cash, potentially requiring it to liquidate $BTC holdings.
“If, for whatever reason, this price appreciation doesn’t happen, this turns into a time-based problem rather than a price-based one. The debt can become due, independent of what the underlying price of bitcoin is… MSTR must either refinance, or repay the debt in cash, selling BTC.”
lowstrife
Flywheel Reversal Risk
lowstrife also raised concerns about the stability of $MSTR’s financial model, warning that the company could be forced to unwind its strategy if mNAV falls below 1.0. A drop below that threshold would impair the company’s ability to raise capital and could lead to repurchasing shares while liquidating $BTC.
He noted that a compressed mNAV would weaken $MSTR’s capacity for future capital raises and $BTC’s acquisitions, which could erode the stock’s intrinsic value. The situation could deteriorate further if the company is required to manage debt repayments under unfavorable conditions.
The analyst also added there may even be fiduciary pressure to act if mNAV continues to decline.
“In the end, the flywheel will work just fine in reverse to unwind the entire scheme. Rebuying shares below mNAV 1.0 and selling the underlying assets to fund it… There is an argument for a fiduciary responsibility to do this, and [President and CFO Andrew] Bailey is out there telling you he WILL do this.”
lowstrife
Finally, lowstrife delivered a critique of Chairman Michael Saylor’s financial engineering, comparing it to the risky tactics that led to the 2008 financial crisis, which $BTC was created to address.
“It’s not a financial revolution. It’s ponzi hypebeasts chasing leverage. I’ve owned bitcoin for a long time and it’s really sad to see bitcoin OG’s cheering Saylor on as he uses it to repeat the financial engineering of 2008 that caused bitcoin to be created in the first place.”
lowstrife
What Happened to $GBTC?
A nightmare happened, and that was when institutional investors exited $GBTC.
The most popular exit event was when the State of Wisconsin Investment Board fully liquidated its $63.7 million $GBTC holdings in the first quarter of 2025 and reallocated the position to iShares Bitcoin Trust, another ETF managed by BlackRock with a ticker symbol of $IBIT, before selling that as well.
Other large asset managers, including Millennium Management and Brevan Howard, have also opted to trim or shift their ETF exposure to alternative funds.
Analysts cite $GBTC’s higher fees and tracking inefficiencies as key reasons for its declining popularity. Following its conversion to a spot ETF, the product has failed to regain its former dominance in the market.
As $BTC approaches its all-time high of $110,000, $GBTC remains overshadowed by more competitive offerings.
It has been hailed as the world’s most secure store of value for many years, but Bitcoin is poised to become something much more valuable. With advances in its underlying technology, the great-grandfather of cryptocurrency is undergoing a rapid transformation and could soon emerge as the gold standard for the digital economy of the future.
Until now, Bitcoin’s utility has paled into insignificance when compared to rival cryptocurrencies. Ethereum has long since been considered the undisputed leader in terms of blockchain programmability, providing a foundation for decentralized finance, non-fungible tokens, and the alternative financial system.
In contrast, Bitcoin’s architecture has severely limited its potential. It could only be considered as a transactional network, suitable for payments, savings, and little else. Not so anymore. Thanks to the arrival of some innovative Layer-2 solutions, Bitcoin finally has what it takes to fulfill its true potential and act as an alternative form of money, just as Satoshi Nakamoto intended.
The emergence of the crypto economy
Bitcoin was revolutionary, but it was the arrival of Ethereum that paved the way for crypto’s alternative financial system. With its support for smart contracts, Ethereum created an environment for developers to build the first decentralized applications, expanding the utility of crypto beyond transactions. It led us into a world where things like decentralized lending, liquidity provision, staking, and yield farming were made possible. It gave birth to a financial economy that anyone could participate in, without any restrictions.
The success of Ethereum is legendary, but the staying power of Bitcoin is something else. Despite its lack of utility, it continues to stand apart from the rest of the crypto crowd as the undisputed king of digital assets. Just look at the total market capitalization of Bitcoin, which is worth more than that of every other cryptocurrency combined, valued at more than $2 trillion.
The downside is that this capital is largely sitting idle, but recent events suggest that won’t always be the case.
Bitcoin’s transformation
In the last few years, Bitcoin has transformed, with the approval of the first exchange-traded funds dramatically increasing its appeal. The ETFs paved the way for unprecedented institutional investment in Bitcoin, helping its value to soar beyond the $100,000 mark for the first time in late 2024.
More exciting are the recent technological developments we’ve witnessed. They began with the arrival of Lightning Network, which offered a solution to Bitcoin’s scalability bottlenecks, powering faster and lower-cost transactions by offloading them from the network. It also inspired additional pioneers, such as Rootstock and Liquid Network, which created environments for the first Bitcoin DeFi applications by minting digital assets pegged to its value.
The real game changer was the Taproot upgrade that was rolled out in 2021 after years of development. Taproot was the innovation that paved the way for Bitcoin to support smart contracts for the first time. It utilized a technique known as MAST (Merklized Alternative Script Trees), which condenses Bitcoin transactions into a single hash, easing the memory constraints of its blockchain.
Finally, in the last couple of years, further innovation arrived in the shape of highly sophisticated Layer-2 solutions on Bitcoin, such as Babylon and SatLayer. These new networks enable Ethereum-like programmability off-chain while anchoring their transaction data and execution on the underlying Bitcoin blockchain. This means Bitcoin can be used natively on those networks with the same kind of sophisticated applications we’ve seen arise on Ethereum and other smart contract blockchains. What’s more, these networks do not alter Bitcoin’s base layer, and they do not compromise its decentralized principles.
Because these programmable environments are so tightly integrated with Bitcoin, they provide a foundation for newer DeFi applications that can tap into the largest ocean of liquidity in the crypto ecosystem.
Building the Bitcoin ecosystem
Leading the charge is SatLayer, an ambitious project that aims to make Bitcoin the new gold standard for the decentralized economy. By bringing programmability to Bitcoin, SatLayer transforms BTC into a smart asset that will help to extend the DeFi ecosystem far beyond what it is now.
SatLayer sees Bitcoin as the perfect vehicle for an emerging class of tokenized, real-world assets, where traditional financial instruments such as stocks and shares, bonds, commodities, and real estate live on-chain, increasing liquidity. By cutting out intermediaries, lowering transaction costs, and boosting accessibility through fractional ownership, real-world assets promise to turbocharge the digital economy, and Bitcoin will play a central role in this transformation.
As a starting point, SatLayer is already providing the foundational security layer for a new generation of decentralized applications. Known as Bitcoin Validated Services, they will unlock fresh utility for Bitcoin in the shape of decentralized insurance, undercollateralized loans, and more.
Bitcoin’s ecosystem is expanding in other ways, such as Sovryn, further expanding Bitcoin’s utility. With Sovryn, users can deposit Bitcoin and use it to provide liquidity for decentralized trading or lend it to other DeFi users, earning passive income for these activities. Users earn the protocol’s native token, SOV. Meanwhile, Babylon Labs enables a different kind of use case for Bitcoin, leveraging it to provide security for other proof-of-stake blockchains. Users lock up their Bitcoin in Babylon smart contracts, and that capital, combined with the deposits of other users, is what’s used to secure third-party networks. Depositors are then rewarded with the native tokens of the blockchains their deposits secure.
Much more to come
The expanded utility of Bitcoin is getting a lot of attention. Recently, the hedge fund Fidelity, which boasts more than $5.9 trillion in assets under management, heaped praise on Bitcoin’s Lightning Network, saying it’s the most efficient way to transact with digital assets. It’s an endorsement that reinforces the incredible potential of Bitcoin to provide so much more than just a store of value.
Many analysts predict Bitcoin’s nascent DeFi economy will thrive. Messari said recently that if Bitcoin DeFi is able to match the level of adoption seen in wBTC on Ethereum, tapping into just under 3% of its addressable market, its value will rise to an incredible $47 billion. But many expect Bitcoin DeFi will ultimately see much higher penetration than this, given the ocean of idle capital locked up in users’ wallets.
With Bitcoin’s value on the rise again, institutional investors paying more attention, and an ecosystem that’s expanding exponentially, there are more reasons than ever to think it really will become the new gold standard for the digital economy.
Dubai launches Prypco Mint, region’s first tokenized property platform.
Project backed by VARA, Central Bank, and Future Foundation.
Prypco Mint uses XRP Ledger for fast, secure transactions.
Dubai has taken a major step in the digital real estate space. The Dubai Land Department (DLD) has launched Prypco Mint, the Middle East’s first tokenized property investment platform. The use of digital tokens is making real estate investments open to a wider audience on this platform. Since the minimum investment is Dh2,000, property investment has become more available than it was before.
UAE Residents Can Now Invest in Tokenised Property via Prypco Mint
Right now, people in UAE can only use Prypco Mint if they have a valid Emirates ID. The pilot project is carried out in association with Prypco and Ctrl Alt. Furthermore, the plan is sponsored by important institutions such as VARA, the Central Bank of the UAE, and the Dubai Future Foundation. Zand Digital Bank is helping to make this pilot financially possible.
Besides, DubaiLand allows overseas investors to own a share of ready-to-own properties in the city. Individuals interested in the service should visit the digital portal at mint.prypco.com. For now, everyone will use UAE Dirhams for their first transactions. At this time, transactions with cryptocurrency are prohibited.
In addition, investors will gain benefits in two important ways. At the start, they will be paid rental income. They may make money if the property’s worth goes up as years pass. Under DLD oversight, all investments are legalized and their ownership shares are registered as well. That’s why investors feel secure and trusting.
Over time, the DLD expects that tokenized real estate assets will represent 7% of Dubai’s property market. It’s expected to reach AED60 billion ($16.3 billion) by the year 2033. Right now, only local residents can take part in the pilot, but the authorities want to make it available to foreign investors over time.
Prypco Mint Merges Real Estate with Web3 Technology
This action is in line with Dubai’s wider goals to lead the world in digital progress. In March, Dubai revealed plans to tokenize real estate. Since the city has worked to attract companies working on blockchain and has progressed with measures to ease the process of owning property.
In addition, this move follows other digital-first efforts. For example, the government of Dubai is teaming up with Crypto.com to allow people to use crypto for government services. This illustrates that the city focuses on building an area that is both technology-driven and welcoming to investors.
The platform’s platform is built on top of the XRP Ledger (XRPL). People know this blockchain network because of its strong safety features and quick operations. For more than ten years, the XRPL has received trust from users all over the world. With the help of this technology, Dubai makes Prypco Mint’s transactions safe and easy.
To conclude, the introduction of Prypco Mint will help advance both the real estate and digital industries in Dubai. Legal oversight, the latest in blockchain technology, and opportunities to invest are brought together for local residents. When the platform grows and operates globally, it could influence the behavior of investors in property from the UAE to other countries as well. With this move, Dubai is still at the forefront of blending property and digital finance
How Much Was the Most Expensive Pizza in the World
The answer is 10,000 bitcoins (BTC).
This isn’t a crypto joke. It’s a true story that happened on May 22, 2010. On that day, a programmer named Laszlo Hanyecz used 10,000 BTC, which had very little value at the time, to buy two Papa John’s pizzas. This was the first recorded purchase of a physical item using cryptocurrency, and it opened the door to a whole new chapter in global digital finance.
The day later became known as Bitcoin Pizza Day.
It’s more than just a fun fact in crypto history. Every year on May 22, the global Web3 community celebrates it as a symbol of crypto’s real-world adoption.
Today, those 10,000 bitcoins are worth a staggering amount. Calling it “the most expensive pizza in the world” is no exaggeration. From that one slice, Bitcoin has gone through countless ups and downs, growing from a little-known experiment into a globally recognized decentralized asset.
What Happened on May 22, 2010
It all started with a simple forum post.
At the time, Bitcoin was only about a year old, and most people still had no idea what digital currency even was. In Florida, a programmer named Laszlo Hanyecz, one of Bitcoin’s early core developers, made a bold yet simple request in a post on the forum bitcointalk.org.
“I’ll pay 10,000 bitcoins for a couple of pizzas… like maybe 2 large ones so I have some left over for the next day. I like having leftover pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself. Kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!
I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc. Just standard stuff, no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire.
If you’re interested, please let me know and we can work out a deal.
Thanks, Laszlo.”
At first, no one paid much attention to what seemed like a ridiculous offer. After all, 10,000 BTC was only worth about 40 US dollars at the time.
But a few days later, a user named Jeremy Sturdivant (aka jercos) agreed and had two pizzas delivered to Laszlo’s house.
That’s how the first real-world crypto transaction was born.
The original discussion thread is still available online today, serving as a time capsule for the entire crypto community.
How Crazy Was This Trade
In 2010, 10,000 bitcoins were worth about 41 US dollars, and the two pizzas Laszlo received cost around 25 dollars. Even at the time, Laszlo got the short end of the deal.
But that’s not the point. What made this transaction legendary is what happened afterward: Bitcoin’s price exploded over the next 14 years.
Despite this, Laszlo later told CNN in an interview that he had no regrets:
“I don’t regret it. I think that it’s great that I got to be part of the early history of Bitcoin in that way.”
When asked if he loses sleep over how much those BTC would be worth today, he calmly replied:
“I think thinking like that is… not really good for me.”
To the crypto world, Laszlo isn’t a fool. He’s a hero.
The Bitcoin Pizza Guy, who helped turn Bitcoin from an idea into something real.
Why Is Bitcoin Pizza Day So Important to Crypto
There have been many price spikes and protocol upgrades throughout blockchain history. But few moments are as symbolic as Bitcoin Pizza Day. Because this wasn’t just about pizza. It was the moment Bitcoin stepped out of the whitepaper and into the real world.
Before this, Bitcoin was still a concept, an experimental idea shared by forum users and tech enthusiasts. No one knew if it could actually work. But when Laszlo successfully exchanged 10,000 BTC for two pizzas, he proved that crypto had real-world utility. That simple act opened the door for everything that followed. Bitcoin Pizza Day showed that digital assets could serve as a medium of exchange, not just a speculative asset. It marked the first step in a new financial era, laying the groundwork for Web3, DeFi, NFTs, and more. More importantly, it captured the spirit of early crypto: bold, curious, and driven by belief, with a touch of humor.
That’s why, every May 22, the crypto world comes together. Across chains, coins, and countries, we pause the debates, eat some pizza, and pay tribute to the man who started it all.
Exclusive Drop｜CoolWallet Pro Bitcoin Pizza Day Editions
To celebrate the legendary 10,000 BTC pizza transaction, CoolWallet presents a limited-edition Bitcoin Pizza Day Pro Series: three designs, three stories, honoring the evolution of crypto:
Honoring the legendary moment when 10,000 BTC were exchanged for two pizzas. The gleaming gold finish represents the courage and vision of early believers, paying tribute to the pioneers who sparked the crypto revolution.
A bold and nostalgic red design that brings back the moment of Bitcoin’s first real-world use. Classic, unforgettable, and a reminder of the early purity and energy that fueled the crypto movement.
Symbolizing the decentralized spirit of Web3 and the power of community, this design represents the ongoing journey of building trust, collaboration, and boundless possibility in the crypto world.
Limited-Time Offer｜CoolWallet Pizza Day Promotion
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It’s not just about pizza.
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Pizza Day Reflection: Would You Spend Your BTC on Pizza
If you had 10,000 BTC today, would you use it to buy two pizzas?
With Bitcoin now worth tens of thousands of dollars, that question sounds absurd, even funny. But this is exactly the kind of thought experiment that Bitcoin Pizza Day leaves with the crypto world. Laszlo didn’t HODL. He used Bitcoin. Not for profit, but to unlock a new kind of value exchange.
So we ask:
Is HODLing always the right move?
Is Bitcoin meant to be an investment, or a form of payment?
Do we still have the early spirit of crypto, the courage to actually use it?
Today, the Web3 ecosystem has grown stronger. We have better tools, more robust infrastructure, and widespread adoption potential. But if no one actually uses their crypto, how will the decentralized revolution ever reach the mainstream? Bitcoin Pizza Day isn’t just about remembering a legend.
Bitcoin Pizza Day reminds us: it’s not about how much your BTC is worth. It’s about what you’re willing to do with it.
The Financial Revolution That Started With Pizza Is Still Going
Those two pizzas in 2010 didn’t just feed a hungry developer. They sparked the world’s imagination of what decentralized money could be.
Bitcoin Pizza Day became a symbol. It challenged the definition of traditional finance and broke the boundaries of value exchange. It challenges traditional finance, redefining value exchange, and proving trust can be built peer-to-peer.
From DeFi to GameFi, NFTs to DAOs, the ripple effects continue to shape the Web3 era. From person to person. From chain to chain. This financial revolution continues to grow.
What we celebrate each year on May 22 is not just a single transaction. It’s the spirit of experimentation and belief that started it all.
And it all began with one slice of pizza.
CoolWallet is proud to be part of this history. Let’s move forward together into the next chapter of Web3.
From Sui’s Cetus Protocol Hack to Pi Network Scam allegations, here is a roundup of the top crypto stories you may have missed.
Sui’s Cetus Protocol hacked for $260M
Sui’s largest decentralized exchange, Cetus Protocol, was hacked for $260 million, triggering a major crisis for the SUI ecosystem. The attacker exploited the platform using fake tokens like BULLA to manipulate liquidity pools and drain real assets, including 12.9 million SUI and $60 million in USDC.
The hacker later converted a large portion of the stolen USDC into 21,938 ETH, in an attempt to launder the funds. In response, Cetus immediately paused its smart contracts and launched a full investigation, while the SUI token price dropped roughly 15%, falling to around $3.90.
Cetus is now focused on damage control, recovering stolen assets, and reinforcing ecosystem security.
U.S. Senate Advances GENIUS Act
In a historic move, the U.S. Senate voted 66-32 to advance the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act to the Senate floor, marking the first time stablecoin legislation has reached this stage.
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This bipartisan breakthrough came after last-minute revisions and political pressure from pro-crypto groups like Stand With Crypto, which threatened to score the vote. While the revisions attracted enough support to clear the 60-vote threshold, critics argue the changes were largely superficial, designed more to provide political cover than address serious concerns.
The revised GENIUS Act introduces nominal oversight for Big Tech-issued stablecoins through a new review committee but leaves several loopholes intact, such as weak data protections and potential regulatory capture. The bill permits private firms to issue stablecoins, and while it restricts foreign issuers from operating on centralized exchanges, decentralized platforms remain unaffected.
Legislative features:
Allows private firms to issue stablecoins
Empowers states to charter stablecoin issuers
Requires reserves to be fully backed by U.S. dollars and Treasury bills
Mandates regular audits and compliance with AML standard
Tether, a major offshore stablecoin issuer, could face tighter restrictions. The legislation bars foreign stablecoins from operating on U.S.-based centralized exchanges unless they meet U.S. compliance requirements.
Blum Co-founder Arrested in Russia
Vladimir Smerkis, co-founder of the Telegram-based crypto project Blum and former head of Binance Russia, has been arrested in Moscow on allegations of large-scale fraud, according to Russian state media TASS. The accusations reportedly stem from his earlier ventures, The Token Fund and Tokenbox, where investors allegedly lost around $15 million.
While Smerkis remains under investigation and no formal charges have been confirmed, the court has approved his detention. Blum has clarified that Smerkis resigned and is no longer involved with the project in any capacity.
Cardano CEO Denies $600M ADA Misuse Allegations
Charles Hoskinson, founder of Cardano and CEO of Input Output Global (IOG), denied allegations that he misappropriated $600 million worth of ADA tokens. The controversy stems from claims that Hoskinson used a “genesis key” during the 2021 Allegra hard fork to manipulate the Cardano ledger and gain control over 619 million ADA.
In response, Hoskinson stated that the vast majority of the 350 million ADA in question had already been redeemed by original buyers over a seven-year period, and the remaining unclaimed funds were donated to Intersect, a Cardano-related organization.
Hoskinson expressed being “deeply hurt” by the community’s reaction and lack of trust, promising that IOG will release an audit report to clarify the situation. He noted that the accusations lack strong evidence and signaled a shift in how he engages with the community, including possibly handing over control of his social media accounts to a media team.
Pi Network Faces $8B Scam Allegations After Insider Token Dump
Pi Network is facing serious allegations of a potential $8 billion scam, following claims that over 12 million PI tokens were dumped by insiders from the Pi Core Team.
Blockchain investigator Atlas accused the team of orchestrating a pump-and-dump scheme, citing a sharp price increase followed by a dramatic 50% crash as evidence. The PI token, which had surged over 100% in early May 2025, began falling rapidly after May 14, coinciding with the alleged sell-off. This has led to widespread investor outrage and renewed concerns over the project’s transparency.
