Cointelegraph.com
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Cointelegraph.com - 09:11 Jun 01, 2025
French prosecutors charged 25 people over a wave of crypto-related kidnappings. However, the masterminds remain at large. French authorities have charged 25 individuals, including six minors, over a series of kidnappings and attempted abductions linked to the country’s cryptocurrency sector. The group, aged between 16 and 23, faces charges connected to multiple plots targeting prominent crypto figures and their families, Le Monde reported, citing an announcement from the Paris public prosecutor’s office on May 31. Per the report, 18 suspects are now in pre-trial detention, three have requested a deferred hearing, and four remain under judicial supervision. Read more -
Cointelegraph.com - 07:19 Jun 01, 2025
According to PeckShield, 20 major crypto hacks were reported in May, resulting in total losses of $244.1 million. In May, the total amount stolen from crypto hacks declined drastically compared to April, with the largest incident making up around 90% of the month’s total, according to a blockchain security firm. The decline comes as the crypto industry has been stepping up its efforts to stay ahead of hackers. “In May 2025, ~20 major crypto hacks were recorded, resulting in total losses of $244.1M — a 39.29% decrease from April,” blockchain security firm PeckShield said in a May 31 X post. The most significant hack of the month occurred on the Cetus decentralized exchange on May 22, with $223 million in user losses within 24 hours. Read more -
Cointelegraph.com - 06:45 Jun 01, 2025
Ross Ulbricht’s auction of personal belongings fetched more than $1.8M in Bitcoin, with standout items like his prison ID card and artwork drawing top bids. An auction of personal belongings from Silk Road founder Ross Ulbricht has brought in more than $1.8 million worth of Bitcoin as collectors vied for pieces of crypto history. Ulbricht, who was pardoned by former President Donald Trump earlier this year, offered a range of items through Bitcoin-only marketplace Scarce City. The collection included personal effects from before his 2013 arrest — such as a sleeping bag, backpack, and drum — as well as prison memorabilia like a lock, notebook, clothing, and several paintings created while incarcerated. Read more -
Cointelegraph.com - 04:03 Jun 01, 2025
An appearance from Michael Saylor on The Joe Rogan Experience would “shatter the internet,” according to a Bitcoiner. Strategy co-founder Michael Saylor has publicly expressed interest in discussing Bitcoin with podcaster Joe Rogan on the world’s most-listened-to podcast, The Joe Rogan Experience (JRE). “Hey @joerogan, let’s talk about Bitcoin,” Saylor said in a May 31 X post in response to a Joe Rogan fan account asking, “Who’s one guest you’d love to see Joe Rogan interview that he hasn’t had on yet?” Saylor’s post prompted speculation within the Bitcoin (BTC) community. Popular Bitcoiner, The Bitcoin Therapist, said, “This interview will shatter the internet.” Read more -
Cointelegraph.com - 00:01 Jun 01, 2025
Analysts anticipate a clear breakout for Bitcoin, GameStop makes its first move with the purchase of 4,710 Bitcoins: Hodler’s Digest GameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin, according to a statement posted May 28 on the companys X account. The company did not specify how much it paid for the Bitcoin or when the purchases were made in the announcement, while its Form 8-K filing with the US Securities and Exchange Commission also offers little detail. The amount purchased was worth around $513 million at the time of writing. The announced acquisition is GameStop’s first publicly acknowledged Bitcoin purchase since the company disclosed plans to move into Bitcoin investment in March. Read more -
Cointelegraph.com - 21:47 May 31, 2025
Newer Bitcoin treasury companies have not yet been battle-tested in prolonged bear market conditions, the Bitcoin maximalist said. Bitcoin (BTC) maximalist Max Keiser recently cast doubt on the ability of newer Bitcoin treasury companies, emulating the corporate BTC reserve system popularized by Strategy co-founder Michael Saylor, to maintain financial discipline during a protracted bear market. According to the Bitcoin maximalist, Michael Saylor has weathered a previous bear market and continued to accumulate BTC with high conviction, a scenario that newer BTC treasury companies have yet to encounter. Keiser wrote in a May 30 X post: "Strategy is the Bitcoin of BTC treasury plays. Proceed accordingly," Keiser wrote in an earlier X post. Read more -
Cointelegraph.com - 19:54 May 31, 2025
The SEC responded shortly after the issuers filed effective registration amendments for staked SOL and Ether exchange-traded funds. The United States Securities and Exchange Commission (SEC) responded to the effective registration amendment for Solana (SOL) and Ether (ETH) staked exchange-traded funds (ETFs) from ETF provider REX Financial and asset management firm Osprey Funds, raising concern that both investment vehicles do not qualify as ETFs due to their unique structures. According to a recent report from Bloomberg, the regulators say the c-corp business structure used in the funds, which is incredibly rare for ETFs, conflicts with the 6C-11 rule, colloquially known as "the ETF rule." This regulation legally designates the types of corporate structures appropriate for exchange-traded funds. The SEC wrote in a May 30 letter: "Disclosures in the registration statement regarding the Funds’ status as investment companies may be potentially misleading," the letter continued. Read more -
Cointelegraph.com - 19:04 May 31, 2025
Bitcoin traders say market cyclicality, institutional investor adoption and an incoming wave of liquidity will supercharge BTC price in 2025. Key takeaways: • Analysts from VanEck, Fundstrat, and Standard Chartered forecast a 2025 BTC top between $180,000 and $250,000, citing institutional adoption and historical market cycles. • Rising global liquidity and record spot BTC ETF inflows have reinforced Bitcoin analysts’ most bullish price projections. 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 - 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
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