Weekly Market Report. May 23, 2025

May 23, 2025

Greetings, curious minds! Join us on a journey into the cutting-edge. This newsletter unveils the latest trends shaping our world.

Let’s explore together! 🌐🚀

🔥 Top Reads

Coinbase breach hit almost 70k users — Attorneys

A recent filing with Maine’s attorney general sheds new light on Coinbase’s data breach, claiming that nearly 70,000 users were impacted and that the incident went unnoticed for nearly six months.

Trump ‘Liberation Day’ tariffs create chaos in markets, recession concerns 🤔

US President Donald Trump introduced a slew of tariffs on April 2, sending markets into a tailspin and dividing crypto observers as to their possible long-term effects.

70% chance of crypto bottoming before June amid trade fears: Nansen 🧐

The cryptocurrency market may see a local bottom in the next two months amid global uncertainty over ongoing import tariff negotiations, which have been limiting investor sentiment in both traditional and digital markets.

📈 Market Data

🚨 Important News This Week

Trump signs bill criminalizing nonconsensual AI deepfake porn
AI scammers are now impersonating US government bigwigs, says FBI
AI decentralized apps are coming for the Web3 throne: DappRadar

Tech

Hackers using fake Ledger Live app to steal seed phrases and drain crypto
Pakistan creates Digital Asset Authority to regulate crypto
Carmaker DeLorean tokenizes EV reservations on Sui

Business

US DOJ seizes $24M in crypto from accused Qakbot malware developer
Cetus offers $6M bounty after $220M hack as Sui faces decentralization debate
Alchemy acquires no-code NFT launchpad HeyMint for undisclosed amount

Crypto

Ledn ditches ETH, shifts to full custody model for Bitcoin loans

US Bitcoin ETFs near record month after $1.5B inflows in 2 days
Crypto travelers bring 3x greater lifetime value than fiat users

🚨 Notable Companies Secure Impressive Investments

Catena Labs raises $18M in a funding round
World raises $135M from WLD token sal
Unto Labs raises $14.4M in funding round at $140M valuation
ZAR raises $7M in a Seed funding round
Gata raises $4M in a Seed funding round
Dinari raises $12.7M in a Series A funding round

🔥 Top Blockchain & Crypto News of the Week

🚀 From market crashes to institutional power moves, here are the top headlines shaping the crypto world right now.

1️⃣ Moody’s Cuts U.S. Credit Rating: Aaa ➝ Aa1

First time in history Moody’s strips U.S. of its top-tier rating.
Reasons:
- Rising debt over a decade
- Mounting interest payments
- Chronic failure to control deficit
🔗 Read more: https://t.me/constantinkogan/1355

2️⃣ BTC as a Safe Haven

Analysts highlight Bitcoin’s role amid declining trust in fiat systems.
Money flowing into assets backed by code, limited supply, and decentralization.
Growing demand from those seeking alternatives to political risk.

🔗 Read more: https://t.me/constantinkogan/1354

3️⃣ Stablecoin Regulation Could Accelerate Shift

If legislation passes, it may:
- Unlock institutional interest
- Expand on-chain economic activity
- Boost BTC & ETH infrastructure

🔗 Read more: https://t.me/constantinkogan/1364

💡 Want more in-depth analysis? Stay ahead of the curve—subscribe for the latest blockchain, DeFi, and Web3 news here! 🚀

🚀 Solana Accelerate

🤣 Spotted in New York during Solana Accelerate event

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