{"id":8955,"date":"2025-05-25T18:54:44","date_gmt":"2025-05-25T18:54:44","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=8955"},"modified":"2025-05-25T18:54:54","modified_gmt":"2025-05-25T18:54:54","slug":"weekly-crypto-recap-trump-hosts-memecoin-holders-polygon-faces-shakeup-cetus-hack-shocks-sui-network","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/05\/25\/weekly-crypto-recap-trump-hosts-memecoin-holders-polygon-faces-shakeup-cetus-hack-shocks-sui-network\/","title":{"rendered":"Weekly Crypto Recap: Trump Hosts Memecoin Holders, Polygon Faces Shakeup, Cetus Hack Shocks Sui Network"},"content":{"rendered":"\n

This week\u2019s crypto landscape has been anything but quiet, as political, regulatory, and security developments collide with blockchain innovation and controversy. From a memecoin dinner hosted by Donald Trump to a multimillion-dollar protocol breach on the Sui network, here\u2019s your roundup of the most significant headlines:<\/p>\n\n\n\n

Trump Hosts Memecoin Holders at Private Dinner<\/strong><\/h3>\n\n\n\n

Former U.S. President Donald Trump made waves in the crypto world after hosting a private dinner for the top 220 holders of his Official Trump (TRUMP) meme coin. Held Thursday night at the Trump National Golf Club in Washington, the event was described as an \u201cexclusive engagement\u201d for loyal token holders.<\/p>\n\n\n\n

However, the gathering sparked immediate criticism from ethics experts and bipartisan lawmakers who argue the dinner may violate federal bribery and influence laws by monetizing political access. The White House insists the event adhered to ethical guidelines, but officials have refused to disclose guest identities, raising further transparency concerns.<\/p>\n\n\n\n

Polygon Co-Founder Bjelic Steps Down<\/strong><\/h3>\n\n\n\n

Polygon (POL) saw a leadership shift this week as co-founder Mihailo Bjelic announced his departure from the Polygon Foundation board. While he will reduce day-to-day involvement with Polygon Labs, Bjelic\u2019s impact on the development of Ethereum\u2019s leading scaling solution remains undeniable.<\/p>\n\n\n\n

Fellow co-founder Sandeep Nailwal acknowledged Bjelic\u2019s contributions and extended his support for future endeavors. Polygon continues to build its next-generation ecosystem under the recently rebranded POL token.<\/p>\n\n\n\n

World Liberty Financial Rejects Binance Ties<\/strong><\/h3>\n\n\n\n

World Liberty Financial (WLFI) pushed back against a Wall Street Journal<\/em> report alleging Binance founder Changpeng Zhao played a behind-the-scenes role in facilitating foreign introductions for the Trump-linked DeFi platform.<\/p>\n\n\n\n

Zak Folkman, WLFI\u2019s co-founder, called the claims “laughable” and \u201ccategorically false,\u201d emphasizing that Zhao had no role in securing partnerships or acting as a facilitator for WLFI\u2019s global operations. The denial comes amid increasing scrutiny of political affiliations within the DeFi sector.<\/p>\n\n\n\n

Cetus Protocol Suffers $223 Million Hack on Sui Network<\/strong><\/h3>\n\n\n\n

The Sui blockchain experienced its largest security breach to date when Cetus Protocol, its leading DEX and liquidity platform, reported a $223 million exploit. The Cetus team stated that $162 million in stolen tokens has been \u201cpaused,\u201d with recovery efforts underway in partnership with the Sui Foundation.<\/p>\n\n\n\n

The incident raises renewed concerns over DeFi security and the challenge of safeguarding multi-chain ecosystems as protocols scale.<\/p>\n\n\n\n

Semler Scientific Buys $50M in Bitcoin<\/strong><\/h3>\n\n\n\n

Publicly traded medical equipment company Semler Scientific has continued its Bitcoin accumulation strategy, purchasing 455 BTC worth approximately $50 million. The average price was $109,801 per Bitcoin, signaling continued institutional interest even amid volatile markets.<\/p>\n\n\n\n

The company reported a 22.2% year-to-date BTC yield in Q1 2025, solidifying its pivot toward a Bitcoin treasury strategy.<\/p>\n\n\n\n

Major US Banks Consider Joint Stablecoin Project<\/strong><\/h3>\n\n\n\n

In a surprising twist, traditional finance may be ready to embrace crypto. JPMorgan, Citi, Bank of America, and Wells Fargo are reportedly in talks to launch a collaborative stablecoin initiative. While no public details have been confirmed, the project could redefine banking interoperability and settlement efficiency in the U.S.<\/p>\n\n\n\n

FIFA Chooses Avalanche for Blockchain Expansion<\/strong><\/h3>\n\n\n\n

Football\u2019s global governing body has selected Avalanche to build its dedicated Layer-1 blockchain. The FIFA Blockchain will aim to power digital collectibles, event ticketing, and fan engagement, signaling a major leap in sports-based Web3 adoption.<\/p>\n\n\n\n

Other Noteworthy Headlines:<\/strong><\/h3>\n\n\n\n
    \n
  • Bitcoin Hits New High:<\/strong> BTC surged past $111,880, although trader enthusiasm remained muted compared to past bull runs.<\/li>\n\n\n\n
  • SafeMoon CEO Convicted:<\/strong> Braden John Karony was found guilty of fraud and faces up to 45 years in prison.<\/li>\n\n\n\n
  • World Token Raises $135M:<\/strong> Sam Altman\u2019s World project closed a private token sale with backing from a16z and Bain Capital Crypto.<\/li>\n\n\n\n
  • Unicoin Sued by SEC:<\/strong> The securities watchdog alleges false statements during the company\u2019s $100 million raise.<\/li>\n\n\n\n
  • India\u2019s Supreme Court Demands Clarity on Crypto Policy:<\/strong> Judges questioned the government\u2019s delay in establishing a concrete regulatory framework.<\/li>\n\n\n\n
  • Genesis Sues DCG Again:<\/strong> The bankruptcy committee filed a new lawsuit seeking recovery from Barry Silbert and DCG executives.<\/li>\n\n\n\n
  • GENIUS Act Revived:<\/strong> The U.S. Senate revived the stablecoin-focused legislation, clearing a procedural hurdle for potential passage.<\/li>\n<\/ul>\n\n\n\n

    As global finance increasingly intersects with crypto innovation and political agendas the industry finds itself at the center of cultural, legal, and ethical conversations. Stay tuned as regulatory clarity, market dynamics, and tech evolution continue to shape the future of decentralized finance.<\/p>\n","protected":false},"excerpt":{"rendered":"

    This week\u2019s crypto landscape has been anything but quiet, as political, regulatory, and security developments collide with blockchain innovation and controversy. From a memecoin dinner hosted by Donald Trump to a multimillion-dollar protocol breach on the Sui network, here\u2019s your roundup of the most significant headlines: Trump Hosts Memecoin Holders at Private Dinner Former U.S….<\/p>\n","protected":false},"author":3,"featured_media":8956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,63],"tags":[65,355,87],"class_list":["post-8955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news","tag-crypto","tag-defi","tag-wlfi"],"yoast_head":"\nWeekly Crypto Recap: Trump Hosts Memecoin Holders, Polygon Faces Shakeup, Cetus Hack Shocks Sui Network - Crypto News<\/title>\n<meta name=\"description\" content=\"This week\u2019s crypto recap highlights Trump\u2019s controversial dinner with memecoin holders, Polygon co-founder Bjelic\u2019s exit, and a $223M Cetus Protocol hack on Sui. 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