The exchange’s head of security said there had been two incidents involving “inappropriate access” to client data, involving about 2,000 user accounts. Kraken’s chief security officer said that the company would not be negotiating with a criminal group threatening to release certain information related to client data. In a Monday X post, Nick Percoco reported an attempt to extort an unspecified amount from the cryptocurrency exchange by an unnamed group “threatening to release videos of our internal systems with client data shown.” He said Kraken’s systems “were never breached” and user funds were not at risk from the attempt. “We will not pay these criminals,” said Percoco. “We will not ever negotiate with bad actors.” Read more
Bitcoin’s attempts to hold rallies above the $70,000 to $75,000 range continue as ETF demand limps along, US treasury yields rise and traders take profit as BTC price hits overhead resistance. Establishing a strong Bitcoin (BTC) uptrend in 2026 remains a challenge, as exchange-traded fund (ETF) flows have shown limited growth since peaking above $60 billion in 2025. At the same time, inflows to the gold ETF also dropped by nearly 25% in Q1 and the lack of a capital rotation into BTC signals muted institutional demand. A recent report from Ecoinometrics shows a clear shift in the demand and persistence of Bitcoin exchange-traded fund (ETF) flows. Before the October 2025 price peak for BTC, ETF inflows often came in extended streaks, including a 15-day run of $4.4 billion in June 2025, which helped sustain upside momentum. Read more
Not all Bitcoin faces the same level of risk from quantum computing. Dormant wallets with exposed public keys could be the first targets. The common narrative surrounding the impact of quantum computing on Bitcoin focuses on a doomsday scenario in which the entire network collapses at once. However, this perspective overlooks a critical distinction in how the risk is actually distributed. Bitcoin's quantum vulnerability is not a blanket threat. It is concentrated in dormant addresses with exposed public keys. This includes many of the oldest coins from the “Satoshi era” and lost wallets. While modern Bitcoin (BTC) addresses use stronger security layers, these legacy holdings could become the primary targets of the first generation of powerful quantum machines. These wallets offer attackers time, scale and minimal resistance. That combination makes them the most likely starting point for any future quantum-driven disruption. Read more
Bitcoin price data suggests BTC remains undervalued and that short positions opened above $70,000 face a high risk of liquidation. Bitcoin (BTC) futures data shows that traders who opened new short positions above $70,000 over the weekend could be at risk of liquidation as a wave of leveraged positions were closed on Monday. The weekly change in Bitcoin futures market open interest fell to -2.46% on Monday, down from a 8.9% increase on March 31, suggesting a decline in leverage. Multiple long-term Bitcoin valuation metrics also sit at historic lows, with analysts estimating that nearly 90% of the downside has already been priced in. Read more
The collaboration aims to bring regulated custody and staking for JitoSOL to South Korea as institutions prepare for new crypto rules. Jito Foundation has signed a memorandum of understanding with Korean digital asset custodian KODA to explore institutional custody and staking support for JitoSOL in the local market. According to Monday’s announcement, the agreement includes outreach to institutional investors and the development of compliant custody and staking pathways. It comes as South Korea’s Financial Services Commission is expected to finalize a digital asset regulatory framework later this year. Read more
The Fellowship PAC reported spending $300,000 on advertising for a Republican running to represent Georgia's 14th Congressional District in 2026. Fellowship, a super political action committee (PAC) that claims to have $100 million in its war chest from crypto-aligned parties ahead of the 2026 US midterms, has begun reporting spending and endorsements for the next election. According to a filing with the Federal Election Commission (FEC), the Fellowship PAC reported spending $300,000 on advertising for Clay Fuller, a Republican who won a special election for Georgia's 14th Congressional District to replace resigning congresswoman Marjorie Taylor Greene. The spending, reported disbursed on Tuesday, comes about a month before Georgia’s Republican primary on May 19. Fellowship is just one of several crypto-backed or aligned PACs expected to pour money to support or oppose candidates in another critical US election season. In 2024, the Fairshake PAC spent more than $130 million in media buys in congressional race...