Web3🌗Midweek Buzz: $3B Bitcoin Deal, XRP Hack, and SUI’s 30% Surge
1️⃣ Cantor, SoftBank, Tether & Bitfinex eye $3B Bitcoin deal 💼
2️⃣ Hacker slips backdoor into XRP Ledger 👀
3️⃣ ECB wants to tweak MiCA after Trump’s crypto tilt ⚖️
4️⃣ SUI jumps 30% as meme coins roar back 🚀
📩 Dive deeper — more alpha inside.
Big moves are shaking up Web3 this Wednesday. Cantor Fitzgerald is teaming up with SoftBank, Tether, and Bitfinex on a potential $3B Bitcoin deal, signaling strong institutional interest. Meanwhile, Ripple’s XRP Ledger has been hit by a hacker who planted a crypto-stealing backdoor—raising serious security concerns. Over in Europe, the ECB is looking to revise MiCA rules, partly in response to Trump’s growing pro-crypto stance. And in the markets, SUI has jumped more than 30% as meme coins ride a fresh wave of hype. Stay with us—we’re breaking it all down.
1. Cantor, SoftBank, Tether & Bitfinex eye $3B Bitcoin deal
Cantor Fitzgerald is joining forces with SoftBank, Tether, and Bitfinex to launch a $3B Bitcoin venture. The new partnership, 21 Capital, will see Tether contribute $1.5B, SoftBank add $900M, and Bitfinex bring in $600M. The move signals growing institutional interest in the crypto market, particularly Bitcoin, as it continues to recover and gain momentum. By pooling resources, the partners aim to capitalize on Bitcoin's long-term potential, further solidifying their positions in the fast-evolving digital asset landscape. This collaboration is set to be a game-changer for the future of crypto investments.
Vince Dioquino
2. Hacker slips backdoor into XRP Ledger
A hacker compromised the XRP Ledger node package manager, infecting official developer software with malicious code. The attack, discovered by Aikido security firm, posed a significant risk to users' funds, as the software is utilized by hundreds of thousands of applications and websites. The compromised versions were downloaded over 140,000 times last week. The XRP Ledger Foundation confirmed that the malicious versions have been replaced with clean ones, and the codebase remains unaffected. This incident highlights ongoing security concerns within the cryptocurrency ecosystem.
Tim Craig
3. ECB wants to tweak MiCA after Trump’s crypto tilt
The European Central Bank (ECB) is advocating for tougher Markets in Crypto-Assets (MiCA) regulations, expressing concerns that current rules are too lenient and may allow US-based stablecoins to dominate the European market. This move comes amid growing support for cryptocurrencies in the United States, particularly under President Trump's pro-crypto stance. The European Commission has disputed the ECB's concerns, suggesting that the ECB is using the situation to promote the controversial digital euro initiative. Despite MiCA's implementation, EU stablecoins remain non-competitive globally, with firms like Tether exiting Europe. The debate highlights tensions within the EU regarding the future of crypto regulation and the balance between innovation and oversight.
Landon Manning
4. SUI jumps 30% as meme coins roar back
SUI crypto has surged by nearly 32%, driven by increased activity in SUI-based meme coins like MIU, LOFI, and BLUB. The token's daily trading volume reached $2.3 billion, marking a 169% rise from the previous day. Currently trading at $2.94, SUI is approaching its all-time high of $5.35. This surge highlights the growing influence of meme coins on the SUI network. The market is closely watching to see if this momentum continues.
Trisha Husada
Web3 never sleeps, and today’s headlines prove it. From billion-dollar moves to blockchain breaches, the space is evolving fast—and staying informed is your edge. Whether you're tracking market shifts or regulatory changes, we’ll keep bringing you the pulse of what's next in crypto.
