Sahil Poudel, Author at Bitmala

Conor McGregor Eyes Presidency, Promises Bitcoin on Europe’s Balance Sheet

UFC Champion Conor McGregor Vows Adding Bitcoin to Europe Treasury

UFC legend Conor McGregor is taking his fight to the political ring—and Bitcoin is in his corner.

In a bold May 22 post, McGregor dropped a bombshell: if elected, he’ll make Bitcoin a strategic part of Europe’s treasury. “First man to win two belts in the cage. First fighter to walk in as president. First president to put Bitcoin on Europe’s balance sheet. Ireland leads. Europe watches,” he wrote on X (formerly Twitter).

This isn’t McGregor’s first crypto jab. Earlier this month, he pitched the idea of an Irish Bitcoin Reserve, tweeting: “Crypto in its origin was founded to give power back to the people… An Irish Bitcoin strategic reserve will give power to the people’s money.”

Now, he’s planning to co-host a Twitter Space with crypto leaders like Anthony Pompliano and David Bailey. “We need the greatest minds for this BTC Reserve,” McGregor said. “Message me and let’s chat on my space.”

McGregor officially announced his presidential run in March 2025, eyeing Ireland’s top seat as President Michael D. Higgins finishes his term on November 11, 2025. While he hasn’t received a formal nomination yet, his campaign is gaining buzz—especially among crypto fans.

He’s also heading to the Bitcoin Nation State Summit in El Salvador, where he’ll reportedly meet President Nayib Bukele to explore how Ireland can follow El Salvador’s BTC playbook.

Whether or not McGregor enters the presidential arena, one thing’s for sure—he’s got Bitcoin on the brain.

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James Wynn Flips Bearish: Opens $111M Bitcoin Short After $1.25B Long Exit

Billion-Dollar Bitcoin Long Trader is Now Bearish: Opens $111M Short

James Wynn, the high-stakes crypto trader known for his massive Bitcoin plays, just made a bold pivot—and the entire market’s watching.

Over the weekend, Wynn flipped from bull to bear, opening a $111 million short on 1,038.7 BTC at $107,711.1—just hours after closing his jaw-dropping $1.25 billion long at a $13.4 million loss. The trade is live on Hyperliquid, running with 40x leverage and a liquidation price of $149,100.

At the time of writing, the short position is already in the green, up $544K in unrealized profits, according to Hyperdash data.

The timing? Interesting. It comes hot on the heels of President Trump’s 50% tariff proposal on the EU, which shook global markets and knocked Bitcoin off its recent ATH. Add to that some on-chain signals—like old BTC wallets (5-7 years dormant) suddenly waking up—and it paints a bearish picture that may be fueling Wynn’s conviction.

Wynn’s trades carry weight. Just a day before, his long exit of 11,588 BTC sparked a 1.3% drop on Hyperliquid, stirring fears of further downside.

Still, not everyone agrees. Fundstrat’s Tom Lee remains ultra bullish, still calling for $250K BTC by year-end.

With Bitcoin’s long/short ratio at 1.0375, Wynn’s monster short has flipped the vibe. Whether it’s genius or gamble, one thing’s certain: crypto is never boring.

YOU MIGHT ALSO LIKE: $260M Cetus Hack on Sui Sparks Heated Debate on Blockchain Decentralization

$260M Cetus Hack on Sui Sparks Heated Debate on Blockchain Decentralization

$260M Cetus Hack: Sui Freezing Funds Sparks Decentralization Concerns

Cetus Protocol, one of Sui blockchain’s leading DEXs, just took a massive hit—$260 million drained from its liquidity pools in what’s now the biggest crypto hack of 2025 so far.

The Cetus hack exploit, which occurred on May 22, targeted a smart contract bug tied to an oracle vulnerability. Cetus quickly paused smart contracts to stop the bleeding. But what really grabbed headlines? Sui validators stepped in and froze over $160M of the hacker’s stolen funds.

That move saved 73% of the loot. But it also sparked a huge debate in the crypto world.

Sui’s intervention raised eyebrows about how “decentralized” the network actually is. Critics argue that if validators can freeze funds at will, then Sui isn’t truly decentralized. Justin Bons from Cyber Capital even slammed the chain, saying its founders hold most of the token supply and only 114 validators exist.

On the flip side, Sui defenders like Matteo, an anon ambassador from SuiLend, say the validators acted responsibly. “Decentralization doesn’t mean being powerless—it means coordinating without central permission,” he said on X.

Meanwhile, Cetus is offering a $6M bounty to the hacker to return the rest of the funds. About $60M was bridged to Ethereum, and $53M of that has already been laundered.

The hack triggered a deeper conversation: Should blockchains be able to freeze assets to protect users, or does that cross a line?

One thing’s clear—this cetus hack event could be a major turning point in how we define decentralization in crypto.

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Solana Nears $200 Amid R3 Partnership and Bank Adoption

Solana Rockets Toward $200 as Institutional Interest Grows

Solana (SOL) is making waves, climbing to a three-month high of $186.92 after announcing a strategic partnership with enterprise blockchain firm R3. This collaboration aims to enhance blockchain solutions for financial institutions, a move that’s catching the eye of major banks.

The buzz doesn’t stop there. The launch of Solaxy ($SOLX), Solana’s first Layer 2 solution, has further fueled investor enthusiasm. With a $50 million raise underway and only 24 days left, the project is generating significant FOMO among crypto enthusiasts.

Analysts are optimistic, citing Solana’s robust on-chain metrics and growing institutional adoption as key drivers for its bullish trajectory. The network’s scalability and low transaction costs make it an attractive option for developers and investors alike.

As SOL continues its upward momentum, breaking the $200 barrier seems within reach. With strong fundamentals and increasing mainstream interest, SOL is positioning itself as a formidable player in the crypto space.

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Trump’s 50% EU Tariff Shakes Crypto Market

Trump’s 50% EU Tarrif Plan Wipes $100B Off Crypto Market

The crypto world just got rocked—again. U.S. President Donald Trump’s shocking proposal to slap a 50% tariff on the European Union triggered a fast and furious market correction, wiping nearly $100 billion from the total crypto market cap.

Bitcoin (BTC), which recently flexed with an all-time high above $111K, dropped 3% within hours of Trump’s TruthSocial post. It’s now sitting around $108,530, with trading volume plunging 32% in 24 hours.

The ripple effect didn’t spare altcoins either. Major players like Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) all slipped between 2-4%. The CoinMarketCap 100 Index dropped 2.84%, marking one of the sharpest declines this month.

Traders got wrecked hard. Over $308 million in long positions were liquidated, and total liquidation—including shorts—hit a brutal $334 million in just four hours, according to Glassnode.

What Did Trump Say?

In a fiery post, Trump claimed the EU exists “to take advantage of the United States” through unfair trade practices. He called out their VAT taxes, trade barriers, and “ridiculous corporate penalties,” stating a 50% tariff would hit starting June 1, 2025—unless the goods are U.S.-made.

“There is no Tariff if the product is built or manufactured in the United States,” Trump said.

The crypto market reacted instantly—and violently. Global uncertainty? Check. Trader panic? Double check.

YOU MIGHT ALSO LIKE :Bitcoin Hits $112K: Bulls Charge Ahead

Bitcoin Hits $112K: Bulls Charge Ahead

Bitcoin Breaks $112K: Bulls Are Back in Town

Bitcoin (BTC) just smashed through the $112,000 barrier, setting a fresh all-time high and sending the crypto community into a frenzy. The leading cryptocurrency is currently trading at $109,526, marking a significant milestone in its 2025 rally.

This surge isn’t just a fluke. Trading volumes have skyrocketed, reflecting heightened investor interest and bullish sentiment. Analysts point to a combination of institutional adoption, favorable macroeconomic factors, and increasing public interest as key drivers behind this momentum.

The recent price action has also led to a spike in open interest in Bitcoin futures, indicating that traders are betting on continued upward movement. However, some caution that such rapid gains could lead to short-term corrections.

Despite potential volatility, the overall outlook remains positive. With mainstream adoption on the rise and more financial instruments incorporating BTC, the path to $120K and beyond seems increasingly plausible.

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Ethereum Eyes $3K as Bullish Momentum Builds

Ethereum Nears $3K: Bulls Take the Wheel

Ethereum (ETH) is flexing its muscles, climbing 4.5% in the past 24 hours to trade at $2,660.19. With a daily high of $2,680.18 and a low of $2,473.76, ETH is inching closer to the coveted $3,000 mark.

Analysts are buzzing about a bullish flag pattern forming on the daily chart, suggesting a potential breakout. If ETH can reclaim the $3,600 level, we might witness a significant surge, reminiscent of previous 90% gains when similar patterns emerged.

Investor sentiment is on the rise, fueled by Ethereum’s consistent performance and the broader crypto market’s upward trajectory. The recent uptick in ETH’s price is also attracting institutional interest, adding more fuel to the fire.

As Ethereum continues its upward journey, all eyes are on the $3,000 resistance level. Breaking through could set the stage for new all-time highs, making ETH a hot topic in crypto circles.

YOU MIGHT ALSO LIKE: Amalgam Scandal: $1M Crypto Fraud Unveiled, Founder Faces 82 Years

Amalgam Scandal: $1M Crypto Fraud Unveiled, Founder Faces 82 Years

Amalgam Founder Exposed in $1M Crypto Scam

The founder of Amalgam just got smoked by the feds. Jeremy Jordan-Jones is now facing major legal heat after allegedly scamming investors out of over $1 million through fake crypto dreams and made-up partnerships.

He told people Amalgam was building next-gen blockchain point-of-sale systems. Sounded legit — until prosecutors dropped the receipts. Turns out Jordan-Jones faked collabs with the Golden State Warriors, a Premier League soccer team, and even a massive restaurant chain with 500+ locations. None of it was real.

Instead of building tech, he was balling in Miami — spending investor cash on high-end hotels, fancy cars, and designer fits. One major VC, Brown Venture Group, was told the funds would get Amalgam’s token listed on an exchange. Spoiler: it didn’t.

The U.S. Attorney didn’t hold back, calling the whole thing “brazen” and warning future scammers that their time is coming. It gets worse: Jordan-Jones also allegedly used fake docs to get a business credit card, then racked up $350K before the bank pulled the plug.

Now he’s facing charges for wire fraud, securities fraud, lying to banks, and aggravated identity theft. If convicted, dude could be locked up for 82 years.

It’s another cautionary tale in crypto — when the founder’s flexing more than coding, that’s your red flag.

YOU MIGHT ALSO LIKE: Solana Soars 5.7% as Staking Market Cap Overtakes Ethereum

Solana Soars 5.7% as Staking Market Cap Overtakes Ethereum

Solana Surpasses Ethereum in Staking Market Cap Amid Price Surge

Solana (SOL) is making waves in the crypto world, recently surpassing Ethereum in staking market capitalization. According to Nansen CEO Alex Svanevik, SOL’s staking market cap reached $53.96 billion, edging out Ethereum’s $53.77 billion .

This milestone coincides with a notable price increase. As of May 22, 2025, SOL is trading at $178.18, up 5.7% in the past 24 hours .

The surge is attributed to SOL’s efficient network and growing adoption in decentralized applications. Analysts suggest that this momentum could position SOL as a formidable competitor to Ethereum in the long run.

Investors are keeping a close eye on Solana’s performance, especially with its recent achievements in staking and price appreciation. The crypto community is abuzz with discussions about SOL’s potential to reshape the decentralized finance landscape.

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Dogecoin Pops 9% in 24 Hours After Musk’s Surprise Tweet

Dogecoin Spikes After Elon Musk Tweets the Dog Again

Dogecoin is back in the spotlight — and guess what? Yeah, it’s because of Elon Musk.

DOGE pumped 9% in the last 24 hours, now trading at around $0.188, right after Musk tweeted a photo of a Shiba Inu in a pilot suit with the caption “Mission not over.” No tags, no context — just peak Elon chaos.

Crypto Twitter lost it. Speculation immediately lit up: is DOGE getting integrated into another X feature? Is Tesla doing something with it again? Or is it just Musk playing meme god like always?

Regardless, the market moved. DOGE’s 24h trading volume soared past $1.1 billion, and the meme energy is back. Binance and Coinbase both reported major DOGE buy pressure in the hours after the tweet.

It’s not just retail hopping in either. Some whale wallets scooped up over 120 million DOGE during the pump, according to on-chain trackers. Nothing confirmed, but vibes are bullish and eyes are locked on Musk’s next move.

This isn’t new — Elon’s Dogecoin tweets have caused market tremors for years. But every time people count DOGE out, it somehow bounces back with a rocket strapped to its back.

Will it hold this time? Who knows. But for now, the dog is barking again — and the internet’s listening.

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