Cryptocurrency Fraud Scheme Nets Gotti Grandson Prison Time
Mob boss John Gotti’s grandson, Carmine Agnello, sentenced to 15 months for defrauding $1.1M in Covid relief funds, investing in crypto. #Update #Legal $BTC
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Crypto Perpetual Futures Launches at Kalshi
@Kalshi plans to launch crypto trading in the U.S., starting with perpetual futures linked to $BTC, intensifying competition with platforms like @Coinbase as regulatory conditions shift. #Update #Crypto $BTC
Crypto Faces Quantum Computing Threat Ahead
A report by @Coinbase warns that while quantum computing won’t immediately threaten crypto, preparations for quantum-resistant cryptography are urgent as a future threat looms. #Update #Crypto $BTC $ETH
Bitcoin Surges Above Key Support Ahead of Warsh Hearing
Bitcoin $BTC is trading at $75,824.06, maintaining a critical level ahead of the U.S.–Iran ceasefire expiration. Analysts warn of potential volatility based on geopolitical developments. #Update #Crypto $BTC
CBDC Push Signals Bank of Korea’s Future
Bank of Korea Governor Shin Hyun-song emphasizes CBDCs and deposit tokens in his inaugural address, omitting stablecoins amid ongoing regulatory discussions. He aims for enhanced crypto market oversight. #Update #Crypto $BTC
Ethereum Freezes $71 Million in Kelp DAO Exploit
Arbitrum’s Security Council froze 30,766 ETH (approx. $71M) linked to the Kelp DAO exploit, recovering a quarter of the $292M stolen in a recent attack attributed to North Korea’s Lazarus Group. #Breaking #Crypto $ETH (-8) ↘
Stablecoin Regulation Slows BIS Urges Cooperation
Global stablecoin regulation efforts are stalling, raising risks of fragmented oversight, warns Pablo Hernández de Cos of the Bank for International Settlements. $USDT and $USDC dominate the $320B market. #Update #Crypto $USDC
Kelp DAO Blames LayerZero for $290M Disaster
@KelpDAO disputes @LayerZero’s claims regarding the $290 million exploit, asserting that the compromised infrastructure was LayerZero’s own, not Kelp’s. The incident involved a single-verifier setup. #Update #Crypto $ETH
Aave Faces $230 Million Losses After Exploit
The Kelp DAO and LayerZero bridge exploit could result in Aave facing up to $230 million in losses, prompting immediate risk containment measures. $AAVE #Update #DeFi
North Korea Expands Crypto Heist Tactics
North Korea-linked hackers exploited @Kelp, a restaking protocol, siphoning over $500M in two weeks, revealing vulnerabilities in decentralized systems and prompting security recommendations for multiple verifiers. #Breaking #Crypto $KELP (-8) ↘
Bitcoin Dominates as U.S. Crypto Adoption Rebounds
U.S. crypto adoption rose to 12% in March from 7% in February, with $1.3B inflows into Bitcoin ETFs, as $BTC trades around $75K amid cautious sentiment. #Update #Crypto $BTC
Bitcoin Mining Investment Sparks UK Firm Controversy
@ReaboldResources is considering a gas-powered bitcoin mining station in northern England, potentially producing 50,000 $BTC tokens. The plan faces criticism amid gas supply concerns. #Update #Crypto $BTC
Coinbase Bybit Launch Tokenization of U.S. Stocks
@Coinbase and @Bybit are collaborating to tokenize and distribute U.S. public and pre-IPO stocks, expanding access to Asian markets; no stake acquisition involved. #Update #Crypto $BTC
Bitcoin ETF Inflows Near $1 Billion Surge
$BTC sees bullish momentum with $996M in ETF inflows last week amid DeFi concerns, while $SOL remains below key support for 12 weeks. Traders build shorts, indicating potential volatility. #Update #Crypto $BTC #Crypto $SOL