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Cointelegraph.com - 17:03 May 31, 2025
The analysis by the BitMEX security researchers revealed amateur-level operational security lapses in the Lazarus Group’s hacker network. The BitMEX crypto exchange’s security team discovered gaps in the operational security of the Lazarus Group, a North Korean (DPRK) government-sponsored cybercrime network, following a counter-operations probe into the organization, which exposed IP addresses, a database, and tracking algorithms used by the malicious group. Security researchers for the exchange say there is a strong likelihood that at least one hacker accidentally revealed his true IP address, which showed the actual location of the hacker to be in Jiaxing, China. Additionally, the BitMEX researchers say they were also able to gain access to an instance of the Supabase database, a platform for easily deploying databases with simple interfaces for applications, used by the hacking group. Read more -
Cointelegraph.com - 17:03 May 31, 2025
The analysis by the BitMEX security researchers revealed amateur-level operational security lapses in the Lazarus Group's hacker network. The BitMEX crypto exchange’s security team discovered gaps in the operational security of the Lazarus Group, a North Korean (DPRK) government-sponsored cybercrime network, following a counter-operations probe into the organization, which exposed IP addresses, a database, and tracking algorithms used by the malicious group. Security researchers for the exchange say there is a strong likelihood that at least one hacker accidentally revealed his true IP address, which showed the actual location of the hacker to be in Jiaxing, China. Additionally, the BitMEX researchers say they were also able to gain access to an instance of the Supabase database, a platform for easily deploying databases with simple interfaces for applications, used by the hacking group. Read more -
Cointelegraph.com - 14:38 May 31, 2025
Analysts say Ethereum’s breakout versus Bitcoin could trigger a 250x altcoin market rally, signaling the start of a 2025 altseason. Key takeaways: Ethereum is forming bullish cup-and-handle and bull flag patterns against Bitcoin, signaling a potential 30–55% upside. Analysts say an ETH/BTC breakout could trigger a major altseason, similar to those in 2017 and 2021. Read more -
Cointelegraph.com - 13:26 May 31, 2025
Crypto executives and investors are turning to kidnap and ransom insurance as violent attacks targeting crypto wealth continue to rise. A wave of violent attacks on cryptocurrency holders is pushing insurers to develop new protections aimed at a growing physical threat: kidnapping for crypto. At least three firms specializing in crypto insurance and security are now preparing tailored kidnap and ransom (K&R) policies for digital asset investors, according to a recent report from NBC News. Rebecca Rubenfeld, chief operating officer of AnchorWatch, said fear of violence was a dominant topic at this week’s Bitcoin Conference in Las Vegas. “They’re tense,” Rubenfeld said. Her firm expects to launch K&R coverage by fall. Read more -
Cointelegraph.com - 13:00 May 31, 2025
This month, Bitcoin hit $111,000, crypto laws in the United States blazed ahead yet again, and Coinbase joined the S&P 500. May saw bullish momentum in crypto markets as Bitcoin (BTC) reached a new all-time high above $111,000 and Coinbase joined the S&P 500. Markets could breathe a sigh of relief when, on May 12, US President Donald Trump reached a trade deal with China, putting a 90-day hold on tariffs that had markets in a tailspin. The news saw BTC price hit $105,000, a three-month high, before tipping down to $102,000. On the policy front, five US states enacted new Bitcoin laws. Texas established the long-awaited state Bitcoin reserve. In Alabama, an effort to exempt crypto from certain forms of taxation was indefinitely postponed. Read more -
Cointelegraph.com - 10:24 May 31, 2025
Bitcoin needs to protect old all-time highs from December 2024 during the upcoming weekly candle close, analysis says amid warnings of a "deeper pullback." Key points: Bitcoin is trading back below its recent all-time highs, grilling support at levels it first encountered in late 2024. A “deeper pullback” may result before bulls find the momentum to return to price discovery. Read more -
Cointelegraph.com - 10:08 May 31, 2025
IMF questions Pakistan’s plan to allocate 2,000 megawatts of electricity for Bitcoin mining amid energy shortages and budget talks. The International Monetary Fund (IMF) has raised concerns over Pakistan’s decision to allocate 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers amid ongoing negotiations tied to the country’s extended financial program. The initiative, announced last week, is designed to attract autonomous miners, blockchain companies, and AI firms to Pakistan. However, the IMF has raised red flags about the move, requesting urgent clarification from the Finance Ministry regarding the legality of crypto mining and the power allocations, particularly as the nation struggles with chronic energy shortages and fiscal pressures, according to a report by local news outlets Samaa. Read more -
Cointelegraph.com - 06:59 May 31, 2025
US government argues Coinbase user James Harper has no right to block IRS access to his crypto records in Supreme Court filing. The US government has urged the Supreme Court not to take up a Coinbase user’s challenge against the Internal Revenue Service’s (IRS) effort to obtain his crypto transaction records. In a filing dated May 30, Solicitor General D. John Sauer argued that Coinbase user James Harper has no Fourth Amendment right to shield his financial records held by the exchange. The government claimed that Harper “voluntarily” shared his data with Coinbase, and that the IRS followed proper legal procedures to obtain it through a judicially approved summons. Read more -
Cointelegraph.com - 06:42 May 31, 2025
BlackRock ended its spot Bitcoin ETF inflow streak with its largest outflow on record, nearly $12.7 million more than its previous biggest outflow day. The world’s largest asset manager, BlackRock, has ended its 31-day spot Bitcoin exchange-traded fund (ETF) inflow streak with its biggest recorded outflow day since the product launched in January 2024. On May 30, BlackRock’s iShares Bitcoin Trust (IBIT) ended its significant inflow streak with its largest daily outflow of $430.8 million, according to Farside data. Before this, IBIT’s largest outflow day was on Feb. 26, with $418.1 million in outflows. ETF analyst Nate Geraci said in a May 31 X post, “What a run over the past 30+ days, though.” Geraci highlighted that BlackRock is “now pushing” approximately $70 billion in Bitcoin (BTC) holdings since it launched. “Not sure I have words to describe how ridiculous this is,” Geraci said. Read more -
Cointelegraph.com - 04:39 May 31, 2025
SharpLink Gaming intends to use most of the proceeds from its proposed share sell-off to purchase Ether, according to a recent SEC filing. US sports betting platform SharpLink Gaming has filed with the Securities and Exchange Commission (SEC) to offer up to $1 billion in shares of common stock in an effort to increase the holdings of its newly launched Ether treasury. “We intend to use substantially all of the proceeds from this offering to acquire Ether, the native cryptocurrency of the Ethereum blockchain commonly referred to as “ETH,” SharpLink Gaming said in the May 30 filing. “We also intend to use the proceeds from this offering for working capital needs, general corporate purposes, operating expenses and core affiliate marketing operations,” it said. Read more -
Cointelegraph.com - 00:47 May 31, 2025
REX Shares took a “regulatory end-around” with its Ethereum and Solana staking ETF filings, and the launch looks “imminent,” an ETF analyst says. The first Ethereum and Solana staking exchange-traded funds (ETFs) could debut in the United States within a matter of weeks, following a recent filing by ETF provider REX Shares that used “regulatory workarounds,” according to ETF analysts. The staking component has been highly anticipated for spot Ether (ETH) ETFs since their launch in July 2024, with some industry executives arguing the product feels incomplete without it. “These ETFs are structured as c-corps. Which is very rare in the ETF world,” ETF analyst James Seyffart said of the REX Shares filing in a May 30 X post. Read more -
Cointelegraph.com - 23:15 May 30, 2025
ETH holds on to the bulk of its weekly gains, while BTC and altcoins sell off. Key takeaways: Ethereum network fundamentals improve alongside its resilient ETH futures markets. An increase in layer-2 transactions highlights ecosystem growth. Read more -
Cointelegraph.com - 22:06 May 30, 2025
Mayor Eric Adams’s push for a Bitcoin-backed municipal bond faces strong opposition from Comptroller Brad Lander, who found the plan "legally dubious and fiscally irresponsible." New York City Comptroller Brad Lander has criticized Mayor Eric Adams’s proposal to issue municipal bonds backed by Bitcoin, warning that such a move would introduce financial risk and undermine investor confidence. In a May 29 statement, Lander said he would not allow the New York City to issue the crypto-tied debt instrument while he is in office. Lander’s office shares responsibility for debt issuance with the Mayor’s Office of Management and Budget. “Cryptocurrencies are not sufficiently stable to finance our City’s infrastructure, affordable housing, or schools,” the comptroller said, adding that the proposal exposes the city ”to new risks and erode bond buyers’ trust.” Read more -
Cointelegraph.com - 21:43 May 30, 2025
The payouts to FTX creditors have sparked both controversy and speculation that the payouts could be reinvested back in the crypto markets. The FTX Recovery Trust has initiated a second round of payments to its creditors. On May 30, the Trust started a $5 billion payout to eligible creditors in the Convenience and Non-Convenience Classes who have completed the pre-distribution requirements. According to a May 28 announcement, the creditors’ distribution will include Dotcom Customer Entitlement Claims, which are receiving a 72% distribution; US Customer Entitlement Claims, which are receiving a 54% distribution; and Convenience Claims, which will receive a 120% distribution. Additionally, General Unsecured Claims and Digital Asset Loan Claims will each receive a 61% distribution as per the reimbursement plan. Recipients should receive their claims in one to two business days from the official distribution partners, Kraken and Bitgo. Read more -
Cointelegraph.com - 21:20 May 30, 2025
Institutional demand for Bitcoin and increasing regulatory clarity are positive factors for Bitcoin in 2025, head of research Katalin Tischhauser says. Bitcoin is entering a period of supply shock that could have more dramatic price implications than in previous cycles, Katalin Tischhauser, head of research at digital asset banking group Sygnum, told Cointelegraph. “Large demand will have a strong multiplier effect, meaning every $1 of demand leading to, say, $20-30 additional market capitalization,” she said. “We have already seen this multiplier effect after the launch of the Bitcoin spot ETFs or around the US elections.” Tischhauser cited the limited liquid supply of Bitcoin (BTC) relative to the large pools of institutional capital on the demand side as a reason for a possible spike in BTC price over the coming months. Read more -
Cointelegraph.com - 21:00 May 30, 2025
Bitcoin’s chance of falling to $100,000 has increased, but the $3.7 billion open interest wipeout means traders will view dips as buying opportunities. Key takeaways: Bitcoin price metrics show restrained profit-taking and strong support near $96,000–$104,000. A $3.7 billion open interest drawdown reset an overheated market and preps BTC for a possible rebound. Read more -
Cointelegraph.com - 20:00 May 30, 2025
Bitcoin sells off amid mounting macroeconomic uncertainty, but data shows pro traders clinging to their bullish price expectations. Key takeaways: BTC futures and options show stable investment sentiment despite the recent price correction. Macroeconomic uncertainty and the escalating US trade war reduce the odds of Bitcoin retesting its recent all-time high. Read more -
Cointelegraph.com - 19:44 May 30, 2025
From Ross Ulbricht's first significant public appearance to Strategy’s Michael Saylor addressing the crowd, the focus of the Bitcoin conference was often on individual liberty. Thousands gathered in the convention center of the Venetian hotel in Las Vegas to hear industry leaders, lawmakers, and charismatic figures from around the world discuss their views on Bitcoin, and, to a lesser extent, other cryptocurrencies. By far the biggest draw of the event was US Vice President JD Vance, who traveled to Nevada to attend a reported $1 million-per-head fundraiser ahead of his appearance at the Bitcoin (BTC) conference. Vance, who has largely taken second chair to President Donald Trump in terms of crypto policies, called on Bitcoiners to get more involved in politics, suggesting they could potentially influence the 2026 midterm elections in the United States. The vice president was not the only speaker at the event to include “freedom” in his messaging. Strategy co-founder Michael Saylor mentioned the word no fewe... -
Cointelegraph.com - 19:16 May 30, 2025
The platform allows investors in Africa to access global real estate and stock markets through tokenized fractional shares using stablecoins. Xend Finance, a decentralized finance project backed by Binance and Google, is launching a platform in Africa to offer tokenized access to global real estate and stock markets. Partners in the launch include Risevest, a digital wealth management platform that offers individual and institutional investors exposure to global markets. The company recently acquired a broker-dealer license in the United States. According to a May 30 announcement, the new platform will allow users to invest in international real estate and stock markets by purchasing fractional shares via tokenization. The entry barrier is low, starting at $5 when investors use stablecoins such as USDt (USDT) and USDC (USDC). Read more -
Cointelegraph.com - 19:00 May 30, 2025
Spot Bitcoin ETF flows play a key role in the asset’s price action, but macroeconomic and geopolitical concerns are also impacting investors’ choice to buy BTC. Key takeaways: Bitcoin demand is driven by investors’ macroeconomic fears, not just spot BTC ETF netflows. Global bond market volatility is boosting Bitcoin’s safe-haven appeal, with interest rate cuts and rising inflation triggering a shift into risk assets. Read more
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