Bitcoin Holds Near $77K Amid SUI Gasless Transfers and THORChain $10.7M Exploit - Crypto Update May 22, 2026

Key points

• •The SUI blockchain introduced gasless stablecoin transfers on its mainnet, removing the requirement to hold native SUI tokens for transaction fees. This development aims to lower barriers for users and foster blockchain adoption, although concerns remain about the impact on network sustainability and economic models.[Crypto Briefing]
• •THORChain experienced a $10.7 million security breach caused by a GG20 cryptographic vulnerability, enabling a malicious node to reconstruct a private key for one of its vaults. This exploit underscores persistent security risks in decentralized cross-chain protocols that handle large liquidity pools.[Cointelegraph]
• •Bitcoin Pizza Day commemorated the first known real-world Bitcoin transaction of 10,000 BTC for two pizzas, a milestone that catalyzed broader adoption of Bitcoin. Despite the enormous hypothetical value today, this historic event marks a significant cultural and financial turning point in crypto history.[U.Today]
• •A study assessing quantum computer risks estimates that 6.04 million BTC, worth about $469 billion, could be vulnerable to quantum attacks by 2030. In response, a startup has proposed a soft fork to strengthen Bitcoin’s defense against potential quantum-enabled threats.[Blockonomi]
• •Trump Media & Technology Group moved approximately $205 million worth of Bitcoin to Crypto.com amid mounting losses. This transfer follows on-chain data signaling the company’s partial liquidation, despite the former president’s public support for cryptocurrencies and claims of a US strategic Bitcoin reserve.[Coingape]
• •Uniswap expanded its protocol fees and UNI token burning features to BNB Chain, Polygon, and Celo, aiming to enhance decentralized finance adoption across multiple ecosystems. This move increases Uniswap’s cross-chain footprint but also raises questions about liquidity provider revenue and security on these chains.[Crypto Briefing]
• •Binance announced the creation of over 380 new roles focusing on AI development and compliance at a time when many crypto firms are downsizing. This strategic hiring suggests Binance’s intent to strengthen its technology capabilities and regulatory posture amid evolving market conditions.[Crypto Briefing]
• •Kevin Warsh became the Federal Reserve Chair while bringing a crypto-friendly portfolio valued over $131 million, a unique circumstance that may shift Fed policy towards digital assets. His leadership could influence future regulatory and monetary approaches to cryptocurrencies in the US.[Crypto Briefing]
• •Senator Cynthia Lummis voiced support for the CLARITY Act, proposed legislation intended to clear the regulatory uncertainty surrounding cryptocurrencies in the United States. If enacted, the act could boost institutional investment by providing clearer legal frameworks for crypto businesses.[Crypto Briefing]
• •US consumer sentiment plummeted to historic lows due to inflation concerns, while Bitcoin maintained its price near $77,000. Bitcoin’s stability amid rising economic uncertainty may indicate increasing investor confidence in it as a store of value during turbulent times.[Crypto Briefing]

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