News
22 May 2025, 13:44
MARA Holdings Expands Bitcoin Strategy with Two Prime Partnership and $2 Billion Stock Offering
COINOTAG News, May 22nd, reports that MARA Holdings, a prominent player in the Bitcoin mining sector, has significantly expanded its collaboration with Two Prime, a registered Bitcoin investment advisory firm.
22 May 2025, 13:27
BTC News Analysis: Why Financial Experts Compare Bitcoin Solaris to Bitcoin Circa 2013
In 2013, Bitcoin was still an emerging digital asset with a small user base, minimal institutional exposure, and mining accessible from consumer-grade hardware. It was a period when network participation — not price speculation — was the primary driver of value accumulation. That phase gave early adopters long-term upside unmatched by nearly any asset class in the decade since. Now, a growing number of analysts are pointing to Bitcoin Solaris as the first credible protocol in years to recreate the mechanics that defined Bitcoin’s early trajectory. The comparison is not aesthetic or thematic. It’s based on structure: fixed supply, decentralized distribution, and real earnings tied to user activity. Mobile Mining Replaces Hardware Dependency Bitcoin Solaris allows users to mine BTC-S tokens directly from their smartphones through the Nova App. By allocating 1–5 GB of device storage and light background CPU usage, users will earn BTC-S passively — especially while devices are idle or charging. There is no staking mechanism, no validator configuration, and no reliance on token trading to receive rewards. This mirrors Bitcoin’s early mining economy, where participation rewarded technical contribution. The difference is accessibility. With Bitcoin Solaris, the requirement is not a GPU or ASIC — but a smartphone, making it feasible for millions of users globally to participate directly in the protocol. Infrastructure Built for Passive Income The blockchain is structured across two integrated layers. The Base Layer uses Proof-of-Stake (PoS) and Proof-of-Capacity (PoC) to maintain ledger integrity efficiently. The Solaris Layer leverages Proof-of-History (PoH) and Proof-of-Time (PoT) to execute mobile mining and smart contracts at 10,000+ TPS, with a finality time of 2 seconds. This design supports high-volume mining across thousands of nodes simultaneously and ensures that protocol rewards are distributed quickly, securely, and without congestion. It’s optimized not just for performance — but for continuous, low-friction earnings. BTC-S Presale Mirrors Early BTC Conditions Bitcoin Solaris is currently in Presale Phase 4, with BTC-S priced at 4 USDT. A total of 4.2 million BTC-S — 20% of the fixed 21 million supply — is allocated to presale participants. There is no inflation mechanism; future distribution will be governed strictly through mining or validator activity. Early buyers are not only accessing BTC-S at a fixed price—they’re securing network entry before Nova App mining begins. Once the app goes live, mining competition will increase, and token availability will decrease. The current presale offers an asymmetry similar to Bitcoin’s early distribution era, where those who engaged before market saturation saw long-term exponential returns. In a recent analysis, Crypto Volt highlights the structural parallels between Bitcoin in 2013 and Bitcoin Solaris today. The video outlines how Nova App mining, capped supply, and presale conditions offer a rare chance to replicate early-stage crypto dynamics — with the benefit of mobile-first design and audited infrastructure. Fully Audited and Verified Bitcoin Solaris has undergone comprehensive third-party verification to confirm the integrity of its smart contracts, token emission structure, and mobile mining architecture. A full audit conducted by Cyberscope reviewed the protocol’s contract logic and validated its compliance with emission parameters. A separate evaluation by Freshcoins examined system scalability, ensuring the infrastructure could reliably support high-volume mining and real-time transaction processing. The team has also completed KYC verification , providing transparency around governance and project oversight. These layers of independent review offer assurance that Bitcoin Solaris operates on verifiable code, not trust—critical for retail users entering before broader market exposure. Bitcoin’s 2013 phase was marked by low entry points, direct protocol rewards, and exponential upside for early participants. Bitcoin Solaris is now being compared to that period not for nostalgia, but for structure. It offers real earnings from a fixed-supply network, distributed via mobile mining, with the core mechanics already in place. Now in Phase 4 at 4 USDT, it remains one of the few retail-accessible opportunities in the current market cycle that resembles the conditions that built the first generation of crypto wealth. Website: https://bitcoinsolaris.com/ X: https://x.com/BitcoinSolaris Telegram: https://t.me/Bitcoinsolaris
22 May 2025, 13:06
What You Didn’t Know About Laszlo Hanyecz, the Bitcoin Pizza Day Legend
The skalds of Bitcoin Twitter have sung of the historic moment, the “first real world purchase” with bitcoin, and pundits have etched the story into the internet’s memory with headlines about the infamous Bitcoin Pizza Purchase, now dearly valued at more than $1 billion. But what if I told you that Hanyecz spent nearly 10 times more bitcoin following the historic purchase? And, what if I told you that perhaps Hanyecz did so as ostensible penance for his much more consequential contribution to Bitcoin in its uncertain infancy? He was a Bitcoin technical pioneer The penumbra of Hanyecz’s Pizza Day purchase has overshadowed his two seminal contributions to Bitcoin’s early technical development. This post originally appeared on Blockspace Media, where Colin Harper is editor-in-chief. The first of these came on April 19, 2010, just days after Hanyecz registered for Bitcointalk, a forum established by Satoshi Nakamoto that was (and still is) a watering hole for Bitcoin’s techie intelligentsia. Hanyecz created the first MacOS client for Bitcoin Core, the original and still-dominant software implementation for the nodes that underpin the Bitcoin network. Satoshi originally coded Bitcoin for Windows and Linux, but Hanyecz’s innovation enabled MacOS devices to run the software too. His contribution laid the foundation for all MacOS-enabled bitcoin wallets and applications that would follow it. But arguably greater than this was Hanyecz’s discovery that he could mine bitcoin with his computer’s graphics card (GPU). Until this point, early adopters used their computer processing units (CPUs) to mine bitcoin, and since GPUs are orders of magnitude more powerful than CPUs for the task, this innovation propelled bitcoin mining forward much faster than Satoshi expected. “Updated Mac OS X binary…It will use your GPU to generate bitcoins. This works really well if you have a good GPU like an NVIDIA 8800 or something like that,” Hanyecz wrote in a May 10, 2010 Bitcointalk post . The discovery ignited Bitcoin’s first digital gold rush. Bitcoin’s total hashrate exploded upward by 130,000% by the end of the year , and for the first time, bitcoin miners began constructing small-scale mining farms. These setups – slapped together in basements and attics, garages and sheds – were the prototypes for the industrial-scale bitcoin mining farms that dominate the Bitcoin network today. The Pizza was penance Hanyecz’s invention was so consequential that it earned him a virtual drop in from Satoshi Nakamoto himself. And it’s possible that the conversation that followed may have inspired Hanyecz’s famous Pizza Day purchase. “A big attraction to new users is that anyone with a computer can generate some free coins,” Satoshi wrote to Hanyecz. “GPUs would prematurely limit the incentive to only those with high-end GPU hardware. It’s inevitable that GPU compute clusters will eventually hog all the generated coins, but I don’t want to hasten that day.” In a 2019 interview for Bitcoin Magazine, Hanyecz told me that he “stopped advertising [GPU mining] after that.” “I was like, ‘Man, I feel like I crapped up your project. Sorry, dude.’ He was concerned that some people might be discouraged because they can’t mine a block with a CPU,” Hanyecz said. Perhaps this conversation spurred Hanyecz to offer 10,000 BTC for two large Papa John’s pizzas on that fateful day in May 15 years ago. In fact, he made the offer more than once. During the 2019 interview, Hanyecz told me that he spent nearly 100,000 BTC in the year that followed. “I spent [all my bitcoin] on pizza long ago,” Hanyecz wrote in a February 2014 Bitcointalk post . “Other than a little bit of single digit change, I spent everything I mined. As you all know, the difficulty rises to adjust to hashing power, so eventually the mining wasn't worth it for me.” Looking at a Bitcoin address Hanyecz listed on his first Bitcointalk post, Hanyecz received and spent 81,432 BTC from this address from April to November 2010. This sum would be worth just over $8.6 billion today. Laszlo Hanyecz’s wallet 2010 balance history | Source: Mempool.space There’s no way to verify if Hanyecz spent all of this on pizza, other goods, or if he simply gave bitcoin away to new Bitcointalk members, a common practice back then when bitcoin was close-to worthless. But he did mention in his original thread for the pizza purchase that it was “an open offer,” although he reneged on this in August saying, “I can't really afford to keep doing it since I can't generate thousands of coins a day anymore. Thanks to everyone who bought me pizza already.” The original purchase, let alone the recurring ones that apparently occurred after, would be enough to keep any sane person awake at night as bitcoin marches above $100,000. But in 2019 at least, Hanyecz stomached the ordeal with good humor. As he saw it, he committed culinary alchemy, transmuting his electricity and computing power into a cheap dinner. He had no idea that bitcoin would command the price it does today, so the transaction was a victory in his book. “A trade happens because both parties think they’re getting a good deal,” he said. “I felt like I was beating the internet, getting free food. I was like, ‘Man, I got these GPUs linked together, now I’m going to mine twice as fast. I’m just going to be eating free food; I’ll never have to buy food again..." "I mean, I coded this thing and mined bitcoin and I felt like I was winning the internet that day. I got pizza for contributing to an open-source project. Usually hobbies are a time sink and money sink, and in this case, my hobby bought me dinner.”
22 May 2025, 12:31
SUI LP provider Cetus DEX exploited as SUI pools drained in hack
Cetus DEX is facing an exploit as SUI pools are drained. The main SUI LP provider lost liquidity, leading to stalled swaps. Cetus, one of the main DEXs on the SUI network, is facing an exploit. Users report price anomalies, and data shows SUI pools have been drained. The hack may have originated within the Cetus DEX itself, affecting the liquidity of the SUI token. Cetus did not announce the exploit or its origin. The attack was fast and affected the markets within minutes, but soon after that, prices and liquidity started to recover. Hackers sacked top SUI LP provider The initial loss from the attack was estimated at $11M, coming from the biggest liquidity pool on the DEX. The SUI/USDC pool later recovered its pricing data, but continued with only $2.5M in USDC liquidity. The exploiter address started out with over $12M in assets over a total of 267 different coins and tokens. Within an hour, the wallet only contained $5M. Binance’s founder Changpeng ‘CZ’ Zhao announced the exchange would assist with intercepting funds. We are doing what we can to help SUI. Not a pleasant situation. Hope everyone stay SAFU! — CZ 🔶 BNB (@cz_binance) May 22, 2025 All Cetus pools are being drained, affecting additional meme token prices. Some of the assets lost over 80% of their value, then rapidly rebounded, creating price anomalies. Users are also reporting failed swaps or slower DEX responses. 25 min ago Cetus, main LP provider DEX on $SUI , allegedly hacked. $11M in $SUI drained from SUI/USDC pool, with most tokens down 75%+ as pools are emptied. pic.twitter.com/kl74FQubMX — VM_TRADE (@VM_TRADE1) May 22, 2025 The exploit affected multiple liquidity pools, tanking the price of meme tokens by as much as 78% within minutes, mostly due to the effect of drained liquidity pools. The attack arrived at a time when Cetus handled over $294M in daily volumes. The drained pools are affecting all tokens and are unrelated to any specific rug pulls targeting those assets. On-chain research shows the attacker holds over 12M USDC at another address and may have drained additional SUI pools. Some of the USDC is already on the move, to be potentially laundered. The effect of erratic prices was mostly due to the draining of the SUI/USDC pool, which in turn affected all meme tokens trading against SUI. Cetus DEX was attacked at peak liquidity Cetus was attacked at a moment when the DEX had recovered its liquidity near all-time highs. The DEX carries $241.3M in total value locked, after rapid growth in the past month. The attacked pools make up a small fraction of the entire available liquidity. SUI also increased its available liquidity to an all-time high, carrying $2.2B in total value locked, in addition to $1.15B from stablecoins. The chain expanded its lending, while Cetus remains the third-largest app based on locked liquidity. SUI expanded its liquidity to an all-time peak, with growth in lending and DEX activity. | Source: DeFi Llama In the past month, Cetus increased its value locked by 70%, as all DEXs responded to the general crypto market recovery. According to on-chain data on the SUI L1 chain, Cetus has 62,117 users and is the second most active app on the chain. Recently, the DEX reported over $7.15M in daily fees, with a higher baseline activity in May. SUI itself remains safe and has rarely reported hacks or exploits. The SUI ecosystem is a rare target for hackers due to its small scale relative to the Ethereum network. SUI saw only $84M of inflows from other chains in the past three months and is still a relatively small arena for on-chain activity. Following the news of the exploit, the SUI token sank from $4.18 to $4.00, still trading near its three-month peak. SUI is represented on Binance, OKX, and Coinbase, but the loss of Cetus as the main liquidity provider may affect the price. Cetus may also have to recover or rebuild liquidity. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
22 May 2025, 12:24
Sui LP provider Cetus allegedly drained of $11m SUI, hack or bug?
Traders descended into a panic after LP provider Cetus appeared to be drained of $11 million worth of SUI from its liquidity pool. The team claimed it was an oracle bug, not an exploit. According to its most recent post , the Cetus team has temporarily halted their smart contracts to prevent any more losses after it detected an incident on its liquidity platform. The team claims that it is currently investigating the root cause of the alleged breach. “A further investigation statement will be made soon. We are grateful for your patience,” said the protocol. https://twitter.com/CetusProtocol/status/1925515662346404024 At around 11:00 UTC, traders noticed that the liquidity pool for the liquidity provider Cetus was being drained of tokens, bringing the token supply count to zero. Based on the screenshot circulating online, tokens on the protocol’s leaderboard, including AXOL, SUIRI, HIPPO, among others, plummeted as low as 92% to at least 75% below the initial prices. At the moment, the platform remains dormant after smart contracts were paused, with all liquidity pools showing no numbers for its trading pairs. The Cetus team has halted SUI smart contracts temporarily following an incident, May 22, 2025 | Source: app.cetus.zone You might also like: Printer exploit reveals new threat to cryptocurrency wallets Despite news of the liquidity drain and the panic related to it circulating online, the SUI ( SUI ) token still saw modest gains. In the past 24 hours, it has gone up by 3.15%, reaching $4 per token. Its daily trading volume has increased by 112% compared to the previous trading day, reaching nearly $2.5 billion. In the past month, the token has been on an ongoing rally, going up by nearly 75%. Some traders who are members of the Discord server for Cetus have shared screenshots of messages from Cetus admins and developers. One of the members, Figure.Cetus, told traders to remain calm and that the team will publish an announcement soon. Figure.Cetus claimed that the liquidity provider was not hacked, instead the liquidity drain was due to a bug within the liquidity provider’s oracle . In crypto liquidity pools, oracles serve to connect the pool’s smart contracts to external data sources, such as real-world asset prices or market conditions. This allows the pool to provide accurate pricing, trade execution, and other features based on the external information it receives. At press time, the Cetus protocol team has yet to publish an official statement regarding its investigations. In addition, smart contracts are still temporarily paused. You might also like: Alleged Coinbase hacker trolls ZachXBT with on-chain message after swapping $42.5m BTC
22 May 2025, 12:22
Bitcoin miners’ record sales preceded rally - what’s next for supply?
In April 2025, Bitcoin miners sold more BTC than they produced - about 115% of their monthly output. That’s a big deal. It means miners had to dip into their reserves, signaling financial pressure across the industry. Despite Bitcoin trading near $111,000 - close to its all-time high - the economics of mining have gotten tougher. The 2024 halving slashed rewards, and rising energy costs have squeezed profits. Many miners took the opportunity to sell while prices were high, helping them stay afloat. This wave of selling added a lot of Bitcoin to the market, boosting trading volumes and triggering short-term price swings. Some traders saw it as a bearish signal, while others - especially institutions - used the sell-off to buy more. ETF inflows stayed strong, showing long-term confidence. Miners are adapting. They’re upgrading to more efficient machines, hunting for cheaper or renewable energy, and even offering services like AI computing. Still, some are being forced to sell more frequently, especially those with older setups or in regions with high costs. What’s next? With fewer new coins entering circulation and more BTC moving to cold storage, supply is tightening. That could help support prices in the long run. But keep an eye on miner reserves, regulation changes, and whether institutions keep buying. Those will be key drivers for Bitcoin going forward.
