CoinDesk Podcast Network Bitcoin Hits $111K Record, Eric Trump Defends President’s Memecoin Dinner | COINDESK DAILY
May 22, 2025
Bitcoin skyrockets to an all-time high of $111,800, coinciding with Bitcoin Pizza Day celebrations. The host discusses the surge fueled by institutional interest and corporate adoption. Meanwhile, Eric Trump defends his father's gala for $TRUMP memecoin investors against critics. The episode also highlights a major security breach where Cetus, the leading DEX, lost $240 million to hackers, raising concerns about crypto safety.
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Bitcoin's Historic Price Milestone
- Bitcoin hit a record high of $111,800 on the 15th anniversary of Bitcoin Pizza Day.
- The original 10,000 BTC spent on two pizzas would now be worth over $1.1 billion.
Eric Trump Defends Memecoin Dinner
- Eric Trump defended the VIP dinner for top $TRUMP memecoin holders, denying access to the president was sold.
- He emphasized the importance of the U.S. leading in crypto and other technology races.
SUI DEX Hack Exploits Spoof Tokens
- The largest DEX on the SUI network, CETUS, lost $260 million due to a hack exploiting spoof tokens.
- Spoofing manipulated liquidity and pricing, causing massive withdrawal of real assets and price collapse.