Large holders are accumulating TRUMP ahead of a Mar-a-Lago event for top token holders, even as the memecoin trades down over 30% since March. Crypto whales loaded up more of the TRUMP memecoin ahead of the luncheon at US President Donald Trump’s Mar-a-Lago residence in Florida this month, which offers entry to the largest holders. One whale withdrew about 105,754 OFFICIAL TRUMP (TRUMP) from Binance on Saturday to add to its stash of 1.13 million TRUMP, worth about $3.2 million, according to an X post from blockchain analytics firm Lookonchain on Sunday. Two days earlier, another whale withdrew 850,488 TRUMP from the crypto exchange Bybit. Read more
Bithumb accidentally sent customers 620,000 Bitcoin instead of 620,000 Korean won in February. The Bank of Korea wants lawmakers to make it so it doesn't happen again. South Korea’s central bank says crypto exchanges should have their own “circuit breakers” that halt trading to prevent a repeat of the market fallout after Bithumb mistakenly sent more than $40 billion in Bitcoin to its customers in February. The Bank of Korea said in a payments report on Monday that lawmakers should consider introducing mechanisms similar to the Korea Exchange’s trading curbs to suspend trading if crypto prices suddenly fluctuate. “Currently, the virtual asset industry lacks internal control mechanisms and faces lower regulatory intensity compared to established financial institutions,” the bank said. Read more
Almost everyone has a hard time paying their bills every month, said crypto YouTuber Michaël van de Poppe, on why retail may be absent this cycle. Financial institutions have “accelerated” their participation in crypto markets this year, while retail investors have pulled out, said Exodus CEO JP Richardson on Sunday. “This might be the first cycle in crypto history where institutions are in a bull market, and retail doesn’t even know it,” the crypto executive said. Richardson cited a few examples, such as the stablecoin market capitalization all-time high this year, Morgan Stanley’s Bitcoin (BTC) ETF launch, Schwab starting a waitlist for spot Bitcoin trading, Franklin Templeton announcing a crypto division and Fannie Mae accepting Bitcoin-backed mortgages. Read more
Blockchain sleuth ZachXBT said Garrett Dutton’s 5.9 Bitcoin has already been sent to deposit addresses associated with KuCoin. Garrett Dutton, an American musician better known as “G. Love,” said he lost $420,000 worth of Bitcoin after installing a malicious app impersonating the self-custody crypto app Ledger Live from Apple’s App Store and entering his seed phrase. “I had a really tough day,” Dutton told his 67,500 followers in a post on X on Saturday, adding that he lost his 5.9 Bitcoin (BTC) stash “in an instant” after spending about 10 years accumulating the coins to secure his retirement. In a follow-up post, crypto sleuth ZachXBT said that Dutton’s Bitcoin has been sent to deposit addresses linked to the crypto exchange KuCoin across nine transactions. KuCoin replied to the post with a statement typically addressed to customers. Read more
Bitcoin mining is becoming more centralized while AI may move the opposite way, driven by edge computing and open-source models. Bitcoin mining runs the risk of becoming more centralized as time goes on, while artificial intelligence may be moving in the opposite direction, according to Galaxy Research head Alex Thorn. Thorn said that while Bitcoin mining began decentralized, with users mining Bitcoin on their personal computers, it has since become far more centralized, requiring ASIC miners or industrial-scale farms. “AI may follow the opposite path,” Thorn said, explaining that AI began in centralized clusters but could decentralize as open-source models close the gap. Read more
Fallout from the Iran war will likely weigh on markets for much of 2026, dashing hopes of rate cuts until Q3 by the earliest, the Coin Bureau's Nic Puckrin said. Now almost a week old, the Bitcoin (BTC) recovery is “fragile” as the crypto market faces geopolitical and macroeconomic headwinds from the ongoing war in the Middle East, according to Nic Puckrin, a crypto market analyst and founder of the Coin Bureau media outlet. “Even if the war ends now, its repercussions will likely be the story of 2026, and certainly the dominant narrative for Q2. I don’t expect to see a rate cut until late Q3 or Q4, if at all,” Puckrin told Cointelegraph. He said that he sees: If Bitcoin closes the week above $71,000, it could signal continued upside for BTC, with resistance forming around the $74,000 level, he said. At last look, it was trading at about $71,276, according to TradingView data. Read more
Bitcoin price sold off as negotiations to end the US-Iran war broke down and the Strait of Hormuz returned to the spotlight. Bitcoin (BTC) fell 3% to trade below $71,000 into Sunday’s weekly close after negotiations to end the US-Iran war broke down. Key points: Bitcoin shed its gains as negotiations between the US and Iran broke down. Read more
Sun criticized the WLFI platform over long token lockup periods and accused it of having blacklist functions at the smart contract level. Justin Sun, the founder of the Tron layer-1 blockchain network, criticized World Liberty Financial (WLFI), a decentralized finance platform co-founded by US President Donald Trump’s sons, over lengthy lock-up periods for the platform's governance token. Sun said that he invested “significant capital” in WLFI as an early investor and also said that a March WLFI governance proposal to determine token lock-up periods, in which more than 76% of the voting tokens came from 10 wallets, lacked transparency. In a Sunday post on X, Sun wrote (in translation): “Justin’s favorite move is playing the victim while making baseless allegations to cover up his own misconduct,” World Liberty Financial said in response, threatening legal action against Sun over his claims. Read more
The company has completed 105 Bitcoin transactions since 2020 and is playing contrarian as it continues accumulating BTC via corporate debt and equity financing Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy, signaled that the company is acquiring more BTC, as the price retreated from the local high of over $73,000 reached this week. “Think bigger,” Saylor said on Sunday, while sharing the chart of Strategy’s BTC purchase history that has become synonymous with imminent BTC acquisitions. Strategy’s most recent BTC purchase was April 6, when it bought 4,871 coins for more than $329.8 million, bringing its total holdings to 766,970 BTC, valued at about $54.5 billion using market prices at the time of publication, according to the company. The Tysons Corners, Virginia-based company continues accumulating BTC, even amid a bear market that pushed Bitcoin’s price down to two-year lows, putting Strategy’s BTC treasury underwater. Read more