Bitcoin cypherpunk Adam Back has backed a $2.2 million funding round for H100 AB Group to help the Swedish health tech firm buy Bitcoin. Blockstream CEO Adam Back has led a 21 million Swedish krona ($2.2 million) funding round in the Swedish health tech company H100 Group AB, which last week said it would start buying Bitcoin. H100 said on May 25 that the funds, secured through 0% interest convertible loans, will be used to purchase Bitcoin (BTC) in line with its Bitcoin-buying pivot announced on May 22. Back, a longtime Bitcoin cypherpunk, contributed around $1.4 million, while the remaining $800,000 came from investment firms Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB and Crafoord Capital Partners. Read more
The Cetus hack saw $223 million in user funds stolen, most of which has been frozen by Sui network validators and ecosystem partners. Blockchain security firm Dedaub released a post-mortem report on the Cetus decentralized exchange hack, identifying the root cause of the attack as an exploit of the liquidity parameters used by the Cetus automated market maker (AMM), which went undetected by a code "overflow" check. According to the report, the hackers exploited a flaw in the most significant bits (MSB) check, allowing them to manipulate the values for the liquidity parameters by orders of magnitude and establish relatively large positions with a keystroke. The Dedaub security researchers wrote: The incident and the post-mortem update reflect the unfortunate trend of cybersecurity exploits and hacks impacting crypto and the Web3 industry. Read more
The investment fund combines multifamily real estate with BTC, maximizing upside by converting a portion of the monthly cash flows to BTC. Cardone Capital, a real estate investment firm with over $5 billion in assets under management, launched the 10X Miami River Bitcoin Fund, a dual-asset fund consisting of a 346-unit multifamily commercial property located on the Miami River in Miami, Florida, and $15 million of Bitcoin (BTC). In an interview with Cointelegraph, Cardone Capital founder and CEO Grant Cardone said the Miami River Bitcoin Fund, which is the firm's fourth blended investment vehicle mixing BTC and commercial multifamily real estate, will convert a portion of its monthly cash flows to BTC. Cardone told Cointelegraph the impetus to start the fund followed a suggestion from his brother. The CEO said: Read more
As global debt markets flash warning signs, Bitcoin rallies, defying investors’ expectations and reshaping BTC’s role in the financial system. Key takeaways: Rising bond yields reflect growing concern about fiscal stability and inflation, leading some investors to question US Treasury’s traditional role as a safe-haven asset. Bitcoin defies conventional risk models, rising not despite worsening macro conditions, but possibly because of them. Read more
Bitcoin’s price rally takes a breather over the weekend, but a bullish weekly close could translate to gains from HYPE, XMR, AAVE and WLD. Key points: Bitcoin price is stuck below $109,588, but the pullback has not altered its bullish chart structure. A bullish weekly open from Bitcoin could extend gains in HYPE, XMR, AAVE, and WLD. Read more
According to SaylorTracker, Strategy is up over 54% on its Bitcoin investment, representing over $21.8 billion in unrealized capital gains. Strategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) purchase by the company amid the recent dip from the all-time high of $112,000 reached on May 22. "I only buy Bitcoin with money I can't afford to lose," Saylor wrote to his 4.3 million followers in an X post. The company's most recent purchase of 7,390 BTC on May 19, valued at nearly $765 million, brought Strategy's total holdings to 576,230 BTC. Read more