🍕From pizza to global capitalization: look back on the transaction that launched Bitcoin
Welcome to the Daily Tribune of Friday, May 23, 2025 ☕️
Hello Cointribe! 🚀
Today is Friday, May 23, 2025 and as every day from Tuesday to Saturday, we summarize for you the news from the last 24 hours that you should not miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Rainy 🌧️
24h crypto recap! ⏱
🦁 Brave launches the ".brave" blockchain domain
Brave introduces ".brave", a blockchain domain based on Polygon, allowing users to replace complex crypto addresses with readable names. This feature will be integrated into the Brave browser and wallet starting August 2025, and should facilitate identity management and crypto payments.
🧠 Microsoft integrates real-time blockchain data via Space and Time
Microsoft Fabric partners with Space and Time to provide real-time access to blockchain data, including Bitcoin, Ethereum, and Sui. This integration uses zero-knowledge proofs (ZK) to ensure the reliability and security of information.
💼 Binance Wallet reaches a record volume of 5 billion dollars
On May 19, 2025, Binance Wallet recorded a trading volume of 5 billion dollars, setting a new record. This performance is attributed to Binance Alpha, a platform launched in December 2024, offering early access to Web3 projects via Token Generation Events (TGE) and airdrops.
📱 Solana Mobile unveils Seeker, its new Web3 smartphone
Solana Mobile presents Seeker, a Web3 smartphone equipped with the TEEPIN architecture, offering a secure and decentralized mobile environment. Scheduled for August 4, 2025, Seeker has already recorded 150,000 pre-orders. The SKR token is integrated for governance and shared ownership within the ecosystem.
Crypto of the day: Sui (SUI)
Sui is a layer 1 blockchain developed by Mysten Labs, a team composed of former Meta (Facebook) engineers who worked on the Diem project. Launched in May 2023, Sui stands out for its ability to process transactions in parallel, thanks to an object-oriented data model and the use of the Move programming language, designed for the security and flexibility of smart contracts.
This architecture allows Sui to achieve impressive performance
Average finality time: ~400 milliseconds
Transactions per second (TPS): more than 297,000 in testing
Active accounts: more than 134 million
Total transactions: more than 9.7 billion
Sui aims to democratize access to Web3 by simplifying the user experience. For example, thanks to the zkLogin feature, users can create wallets using their usual web credentials (Google, Facebook, etc.), thus eliminating the complexity of recovery phrases. Moreover, sponsored transactions allow developers to cover gas fees for their users, facilitating the adoption of their applications.
💰The SUI Token: Utility and distribution
The SUI is the native token of the Sui network. It plays several essential roles:
Payment of transaction fees: SUI is used to pay gas fees on the network.
Staking: holders can stake their tokens to participate in securing the network and receive rewards.
Governance: SUI holders can participate in important decisions concerning the protocol's evolution.
The total supply of SUI is capped at 10 billion tokens. At the mainnet launch, about 5% of the tokens were in circulation. To date, about 33% are available on the market, with a progressive unlocking schedule for the remaining tokens.
📊 Market data as of May 23, 2025
Current price: 3.84 USD
24-hour change: -0.16 $ (-4.00 %)
Market capitalization: about 12.8 billion dollars
Rank on CoinMarketCap: #11
Circulating supply: 3.34 billion SUI
24-hour trading volume: about 3.09 billion dollars
Bitcoin Pizza Day: 15 years later, a transaction worth 1.1 billion dollars
On May 22, 2010, Laszlo Hanyecz, a cryptography enthusiast developer, made the first commercial transaction in bitcoin by exchanging 10,000 BTC for two pizzas. At the time, this amount was equivalent to about 41 dollars. Fifteen years later, with bitcoin reaching 111,800 dollars, this order now represents a value of 1.1 billion dollars.
A historic transaction that marked the beginning of Bitcoin adoption
In 2010, bitcoin was still a little-known technological innovation, mainly used by a small community of developers and enthusiasts. Hanyecz’s decision to use his bitcoins to buy pizzas demonstrated the possibility of using this digital currency in real transactions, paving the way for its broader adoption. Between April and August 2010, Hanyecz spent more than 79,000 BTC on pizzas, equivalent to a current value of nearly 8.7 billion dollars.
Bitcoin Pizza Day: an annual celebration of Bitcoin's evolution
Bitcoin Pizza Day has become an iconic event celebrated every year by the crypto community. It not only reminds us of the first use of bitcoin in a commercial transaction but also the journey traveled since then. This year, the coincidence of the 15th anniversary with a new bitcoin all-time high at 111,800 dollars strengthens the symbolism of this day.
Laszlo Hanyecz’s transaction in 2010, exchanging 10,000 BTC for two pizzas, has become a legend in bitcoin history. It illustrates bitcoin’s transformation from a technological experiment to a leading digital currency. Bitcoin Pizza Day serves as an annual reminder of this remarkable evolution and the impact that a simple transaction can have on the adoption of a revolutionary technology.
