🚨 Ethereum Upgrade Backfires: Hackers Exploit EIP-7702

Wintermute reports that the new Ethereum Pectra upgrade (EIP-7702), aimed at improving user experience, is being weaponized by hackers.

🔻 97% of delegations are used for wallet theft
🧨 80% of exploits stem from a malicious script called CrimeEnjoyor
💀 Script auto-drains wallets with leaked keys
🎣 One victim lost $150K via a phishing transaction
🔥 Attacks linked to the infamous Inferno Drainer service

Instead of better UX, the upgrade opened the door for large-scale wallet exploitation. Stay vigilant.

🚀 Altseason Still Ahead, Says CryptoQuant

BTC briefly touched $106K before correcting to $105.2K, while ETH holds strong above $2,600, pulling some alts upward.

📊 According to CryptoQuant, “it’s not time to lose hope yet.” As we approach the final stage of this cycle, BTC dominance is expected to drop, setting the stage for a powerful altcoin rally.

💰 The real altseason — with unprecedented gains — may be just around the corner. Do you believe in this?

🏹 Robinhood acquires Bitstamp for $200M

U.S. fintech giant Robinhood has officially acquired one of the oldest crypto exchanges — Bitstamp — for $200 million 💰

This strategic move expands Robinhood’s global footprint across Europe, the UK, and Asia 🌍

With this deal, Robinhood signals deeper ambitions in crypto beyond the U.S. — targeting international users and positioning itself as a major player in the next wave of global adoption 📈

Coinbase Data Leak Tied to Indian Contractor 🧐

🔎 A major customer data leak at Coinbase was traced back to its contractor TaskUs, according to a Reuters investigation. In January, an employee at TaskUs's India office was caught filming her screen to allegedly send sensitive data to hackers in exchange for bribes.

🥷 Coinbase confirmed the incident only in May, after hackers demanded $20M to avoid publishing stolen data. A total of 69,461 users were affected — with names, addresses, phone numbers, emails, banking info, ID photos, and transaction histories exposed. 👀

The exchange estimates potential damages between $180M–$400M. Over 200 TaskUs employees have since been fired.

Meanwhile, users report phishing calls urging them to transfer crypto to "safe wallets" — fraudsters allegedly made up to $7M daily from the scheme. 💵 🎣

📈 DEX Dominance Hits Record High in May 2025

In May 2025, decentralized exchanges (DEXs) captured a record 25% share of the total crypto spot trading volume.

🏆 Top DEXs by volume:

1️⃣ PancakeSwap — $171.6B
2️⃣ Uniswap — $92.1B
3️⃣ Raydium — $27.9B

The trend highlights growing user interest in non-custodial, on-chain trading solutions amid increasing scrutiny of centralized platforms.

🕵️‍♂️ Bitcoin-Mossad?

Early Bitcoin developer Martti Malmi proposed creating a special task force to protect BTC holders from physical threats — inspired by Israel’s Mossad.

The idea arose amid growing concerns that mass crypto adoption could make large holders targets for violence.

“We need something like a ‘never forget, never forgive’ organization to deter criminals,” Malmi said — suggesting a “Bitcoin Mossad” HQ in El Salvador. 🤯

Interesting concept… but how would that even work? 😄

📈 Bitcoin = Stock Booster?
Сompanies are increasingly adding BTC to their balance sheets — and even tiny buys trigger big market reactions. 🚀

🇳🇴 Case in point: Norwegian Block Exchange announced the purchase of just 6 BTC (with plans to grow to 10 BTC) — and its stock surged 138% in a single day.

Looks like a new trend is forming: even a small bet on Bitcoin can lead to a major revaluation by investors. 👀

Binance holds nearly 59% of all stablecoin reserves 💵

According to CryptoQuant, Binance currently holds around $31 billion in USDT and USDC, accounting for nearly 59% of all stablecoin reserves across exchanges. 💰

This massive share highlights Binance’s dominant role in crypto liquidity and trading volume — and its importance in the stablecoin ecosystem. 👀

💸 Bitcoin to $3M?

Easy, says Tom Lee from Fundstrat. He predicts BTC will hit $250K by the end of 2025 and soar to $3 million eventually. 🚀

The logic? Simple: demand will outpace supply — fewer new coins, more hungry buyers. Classic FOMO fuel. 🔥📈

So... is now the time to YOLO everything into BTC and vibe until moon? 😁 (Not financial advice, just emotional support.)

🇺🇸 Trump Crypto Wallet: Real or Rumor?

🗒 Bloomberg reports that Donald Trump is launching a crypto wallet and trading app, with development led by Magic Eden and TrumpMeme.

However, Trump’s sons have publicly denied involvement:

🗣 Eric Trump: "I know nothing about this project."
🗣 Donald Trump Jr.: "The Trump Organization has zero involvement. But stay tuned — our official wallet via World Liberty Financial is coming soon."

Despite denials, similar rumors around Trump-related projects have materialized in the past — and Trump Jr.’s comment suggests an official product is indeed in the works. 🤔

🇺🇸 🪖U.S. Military May Back Bitcoin Reserve – Senator Lummis

Senator Cynthia Lummis has stated that U.S. military leadership is reportedly open to supporting the creation of a Bitcoin reserve. This would mark a significant development in the institutional adoption of BTC.

In addition, Lummis reiterated her long-term outlook, predicting that Bitcoin could see a major price surge within the next 10 years. 🚀

As global interest in digital assets grows, the idea of Bitcoin as a strategic reserve is gaining traction — even at the national defense level.

🇺🇸⚒️ Marathon Digital (MARA), the largest Bitcoin miner in the U.S., mined 950 BTC in May — the highest monthly total since the April 2024 halving and a 35% increase from April's output. 🚀

📈 The company now holds 49,179 BTC on its balance sheet, with no coins sold.

Steady growth and strong accumulation — a bullish signal for the mining sector. 🐃

👔 Michael Saylor's Strategy now sells orange Bitcoin-themed ties in its online store

A bold fashion statement for $80 each. 🕺

🧡 Perfect for Bitcoin maxis, but no word yet on whether the proceeds will be used to buy more BTC 😁

🌍 Tether CEO Paolo Ardoino: Company’s main focus remains outside the U.S., despite friendlier domestic policies under President Trump

💵 Why? Global stablecoin demand is booming — with Asia and Latin America leading the way. In 2024 alone, stablecoin payments hit $51.4B, with USDT holding a dominant 62–91% share in most markets.

🇺🇸 Meanwhile, U.S. regulations (like the Genius Act) could bring audits, compliance burdens, and slower growth — pushing Tether to possibly launch a separate U.S.-compliant stablecoin instead.

Tether’s bet? Go where crypto is needed most — and least regulated. 🌐

🚀 Bitcoin’s supply is drying up — and a breakout may be near: Sygnum Bank

🔒 Over the past 18 months, BTC’s liquid supply dropped 30%, fueled by ETF inflows, corporate buys, and state-level reserve strategies. Around 1M BTC left exchanges since late 2023 — setting up a potential demand shock. 🧐

📈 Growing interest from Pakistan, Reform UK, and 3 U.S. states considering BTC reserves could further boost momentum — not just via demand, but strong market signals.

💥 Meanwhile, Bitcoin's upside volatility now outpaces downside, signaling a maturing asset class attracting institutional capital.

Even Ethereum is catching a bid again, with the Pectra upgrade reviving interest from big players. 💰

Sygnum: “The stage is set for explosive upside.” 🔥

🎣 ScamSniffer's May 2025 phishing report reveals a sharp rise in stolen crypto: $9.69M taken from 7,547 victims

📈 That’s 83% more losses than in April — with nearly the same number of victims (+0.2%).

💀 Two main tactics did the damage:

🔴 $3.13M lost via phishing approval signatures
🔴 $2.59M through address poisoning attacks

🚨 Stay vigilant — phishing is getting smarter, not louder.

🚀 Circle Goes Public, Raises $1.1B in IPO

Stablecoin issuer Circle has successfully completed its long-awaited IPO, raising $1.1B in an upsized offering at $31/share, valuing the firm at $6.9B (or $8.1B fully diluted).

🏦 Backed by big names like BlackRock (buying ~10% of IPO shares) and ARK Invest, the deal was 25x oversubscribed, signaling strong investor demand.

💵 Circle’s USDC holds ~29% of the stablecoin market, with $61B in circulation. The company manages $53.3B in reserves through BlackRock’s money market fund.

🇺🇸 IPO lands amid growing calls for stablecoin regulation in the U.S., with Wall Street eyeing entry into the space.

💵 CRCL trading starts Thursday on NYSE.

🚀 A solo miner has successfully mined a Bitcoin block and earned a 3.151 BTC reward — over $330,000!

The block (🔗 link) was found without a pool — a rare and lucky win in today's mining landscape dominated by large players.

📊 Shares of Meliuz, a company that adopted a BTC treasury strategy, have become the most popular stock on the Brazilian stock exchange this year.

The stock is up by 197%. ⬆️

So far, the Bitcoin strategy is proving successful for all companies that implement it. 🧐

🏦 The US banking giant JPMorgan is launching crypto-backed loans, starting with BlackRock’s Bitcoin ETF (IBIT) as collateral - Bloomberg

🔒 Clients — from retail to HNWIs — will soon be able to borrow against crypto-linked assets, with the bank planning to expand the collateral list over time.

📊 Crypto will also be factored into clients’ liquidity profiles, alongside stocks, cars, and art.

🧊 Despite CEO Jamie Dimon’s ongoing crypto skepticism (calling BTC a “criminal tool”), the bank is moving forward — offering services in response to client demand, not personal opinion.

🔄 A big signal of TradFi embracing crypto, no matter what their CEOs say publicly.