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How an insider-led breach sparked a costly scam at Coinbase
Alliance DAO contributor Qiao Wang has detailed a sophisticated social engineering scam targeting Coinbase users amid the firm’s insider-led data breach incident. In a May 15 post on social media, Wang revealed how attackers impersonate exchange staff using personal data obtained through a recent internal breach. Individuals contacted him, claiming to represent Coinbase and warning […]
ETH-BTC rebounds 38% from April low in first real rally of 2025
The ETH/BTC ratio mounted a comeback in May, reversing months of Ethereum‘s relentless underperformance against Bitcoin. After reaching an 11-month low of 0.01805 on April 21, ETH/BTC surged to 0.02501 by May 15, marking a 38.6% recovery in less than a month and a 17% rise in the past seven days. The sharp ascent marks […]
Central Bank of Russia rates Bitcoin the top global investment since 2022
The Central Bank of Russia has ranked Bitcoin as the most profitable investment over the past year, outperforming traditional assets such as gold, stocks, and bonds. In a newly published analysis, the regulator noted that Bitcoin delivered a 38% return in the last 12 months, ranking highest among the asset classes it evaluated. Looking further […]
Coinbase resists $20 million Bitcoin ransom demand after insider-led data breach
Coinbase revealed that it suffered a data breach that affected less than 1% of its active monthly users, according to the May 15 statement. Following the hack, the exchange CEO Brian Armstrong said the perpetrators tried to extort it of $20 million in Bitcoin. How Coinbase was breached According to the exchange, the threat actors […]
Retail Bitcoin holdings drop to 17% as wealthier entities dominate
Everyday minnow Bitcoin holders control only a fraction of the top digital asset's total circulating supply despite its vision of financial decentralization and autonomy. According to a May 14 report from blockchain analytics firm Santiment, retail wallets holding less than 10 BTC collectively own just 3.47 million coins, equivalent to 17.5% of Bitcoin’s circulating supply. […]
UK HMRC mandates crypto exchanges must share user data starting 2026
Digital asset service providers in the UK must submit customer data to His Majesty's Revenue and Customs (HMRC) beginning Jan. 1, 2026. According to a May 14 update on the financial authority's website, this move follows the adoption of the OECD's Cryptoasset Reporting Framework (CARF), which mandates global tax transparency standards for digital assets. Under […]
Bitcoin ETFs rebound with $319 million inflow on May 14 after sharp outflow day
Spot Bitcoin ETFs recorded a sharp flow reversal between May 13 and May 14. On May 13, the ETFs posted a net outflow of $91.4 million, the largest daily withdrawal since April 30. The losses were entirely driven by Fidelity’s FBTC, which recorded $91.4 million in redemptions with no offsetting inflows across other issuers. However, […]
TRON DAO Upgrades to Chainlink Data Feeds as Official Oracle Solution, Securing $5.5+ Billion in DeFi TVL
Geneva, Switzerland, May 15, 2025 – TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), has adopted Chainlink Data Feeds as the official data oracle solution for the TRON ecosystem. This upgrade follows TRON DAO joining the Chainlink Scale program in October 2024. The […]
Telegram takes down $35 billion black-market networks, but illicit operators plan comeback
Telegram has taken down thousands of accounts linked to two massive black-market networks, Xinbi Guarantee and Haowang Guarantee, effectively turning off their operations. Blockchain firm Elliptic reported these networks facilitated over $35 billion in stablecoin transactions through Telegram-based marketplaces. Despite the crackdown, the operators of these illicit marketplaces are reportedly not backing down. Tom Robinson, co-founder […]
NY Federal Reserve taps tokenized assets not CBDCs as future of finance
The Federal Reserve Bank of New York, in collaboration with the BIS Innovation Hub Swiss Centre, has concluded that tokenized assets, not central bank digital currencies (CBDCs), may offer a viable future framework for monetary policy operations. This finding stems from the recently published Project Pine report, which tested the technical feasibility of implementing open […]
Cboe requests to list first US spot Tron ETF offering staking rewards
Cboe BZX Exchange has filed a proposed rule change with the Securities and Exchange Commission to list and trade shares of the Canary Staked TRX ETF under Rule 14.11(e)(4), marking the first attempt to register a US-based spot Tron ETF fund offering staking rewards. Filed on May 12, the proposal seeks approval to list Commodity-Based […]
Bitfarms financial income falls 82% YoY, magnifying net loss to $35.9M
Bitfarms reported $2.1 million in net financial income for the first quarter of 2025, a sharp decline from $11.4 million in the same period a year earlier, due to reduced gains on derivatives and warrant revaluations. Bitfarms said in its latest Management's Discussion and Analysis of the first quarter performance that the lower financial income contributed to […]
Ethereum Foundation aims to secure the future with trillion-dollar security initiative
The Ethereum Foundation (EF) has unveiled the Trillion-Dollar Security (1TS) initiative, a long-term plan to raise Ethereum's security standards in line with its growing importance in global finance. The Foundation said it aims to position Ethereum as a network capable of securely holding trillions of dollars in assets for individuals and institutions. According to the […]
Bitwise CIO expects surge in crypto ETP allocations by year-end, foresees 5% portfolio norm
Bitwise Chief Investment Officer Matt Hougan said on May 14 that a “big unlock” is occurring across the financial advisory space regarding crypto investments. After attending a major advisory firm’s conference, Hougan shared his expectations that most major firms will enable crypto exchange-traded product (ETP) access by the end of 2025. He added that interest […]
3 reasons why Ethereum price could rally to $5,000 in 2025
Key takeaways: A longer-term ETH price rally is dependent on SEC approval of in-kind ETF creation and staking to attract more investors. AI adoption and Ethereum layer-2 growth must drive onchain activity to restore the network’s deflationary burn mechanism. Ether (ETH) surged 43.6% between May 7 and May 14, but its current price of $2,600 […]
Europol, Spanish police dismantle ‘mafia crypto bank’ laundering funds across continents
Spanish law enforcement has dismantled a sprawling underground financial network that allegedly laundered more than €20 million through crypto transactions for organized crime groups based in China and the Arab world, local media reported on May 14. The criminal ring, which police described as one of the largest clandestine crypto-banking operations uncovered in Europe, operated […]
Solana derivatives flip long for 83 straight days, yet SOL sits nearly 30% below peak
Futures have become the leading price discovery vehicles in the crypto markets, and Solana's YTD tape clearly supports this. After spending most of 2024 unloading risk, taker flows on Solana's perpetual futures flipped directions in the second half of January. On Jan. 18, the 90‑day cumulative volume delta (CVD) reached a low of −261.75. Since […]
JPMorgan bridges blockchain and traditional finance in landmark pilot transaction
JPMorgan has completed a groundbreaking pilot transaction that bridges traditional finance and blockchain in collaboration with Ondo Finance and Chainlink. According to a May 14 statement, the banking giant’s blockchain unit, Kinexys, successfully executed a cross-chain atomic settlement using Ondo Finance’s tokenized short-term US Treasury product, OUSG. This marks the first time Kinexys has connected its permissioned […]
Former front-runner for CFTC chair role resigns to lead Blockchain Association
Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger will depart the agency on May 30 to become the Blockchain Association's new CEO, effective June 2, according to a May 14 announcement. The announcement states that Mersinger's appointment comes at a critical legislative moment for digital assets in Washington, where the Blockchain Association is pushing for […]
Pi Foundation unveils $100 million investment initiative to drive real-world utility
The Pi Foundation has launched Pi Network Ventures, a $100 million fund to support startups integrating the Pi token into practical, real-world use cases. The initiative, announced on May 14, aims to boost adoption and drive long-term growth within the Pi ecosystem by targeting businesses beyond the traditional Web3 space. The Foundation stated that the […]