A serious security breach may have affected Taiwan-based cryptocurrency exchange BitoPro, with over $11.5 million in digital assets allegedly stolen on May 8, according to blockchain investigator ZachXBT. Unreported Exploit Targeted Hot Wallets The suspected hack involved unauthorized access to BitoPro’s hot wallets across multiple major blockchains, including Ethereum, Tron, Solana, and Polygon. Over $11.5 million worth of crypto assets were reportedly drained during the exploit. These assets were quickly transferred and sold through decentralized exchanges, then routed through privacy-focused platforms like Tornado Cash, Thorchain, and finally Wasabi Wallet, a well-known Bitcoin mixer. The funds were laundered using multiple privacy…
Author: Blockto Team
Global interest in cryptocurrency investment products surged last week, with net inflows reaching $286 million, according to recent asset management data. This marked the seventh consecutive week of positive inflows, reflecting growing institutional demand despite price volatility and macroeconomic uncertainty. Ethereum Investment Products Dominate Ethereum-based funds led the charge, drawing in $321 million in net inflows over the past week. This represents Ethereum’s strongest run since December 2024, with total inflows now reaching $1.2 billion over six weeks. U.S.-listed spot Ethereum exchange-traded funds (ETFs) accounted for $285.8 million of these inflows, signaling renewed investor confidence in Ethereum’s long-term potential. Ethereum’s…
Shiba Inu (SHIB) is currently under downward pressure, trading below the Ichimoku Cloud — a technical indicator signaling ongoing bearish market conditions. Despite a recent attempt to break through resistance, SHIB was pushed lower by overnight high-volume selling, reflecting fragile sentiment in the broader cryptocurrency space. Key Price Zones: Resistance at 0.00001307, Support at 0.00001275 Over the last 24 hours, SHIB’s price action has been shaped by significant trading activity at two key technical levels: These levels currently define SHIB’s short-term trading range as global risk appetite remains suppressed. Ichimoku Cloud Signals Bearish Momentum The Ichimoku Cloud, a widely used…
In a continued show of commitment to its Bitcoin-focused treasury strategy, Strategy has acquired an additional 705 BTC for approximately $75 million, further solidifying its position as the largest corporate holder of Bitcoin globally. New Purchase Brings Total Holdings to 580,955 BTC As of June 1, Strategy holds a total of 580,955 BTC, purchased at an average price of $70,023 per bitcoin. The latest batch was acquired at a significantly higher price point of $106,495 per BTC, reflecting the company’s long-term confidence in Bitcoin’s future valuation despite recent price volatility. This acquisition increases the total market value of Strategy’s bitcoin…
In a surprising twist, Bitcoin (BTC) is no longer moving in sync with traditional U.S. risk assets like the Nasdaq 100. Instead, analysts are seeing a growing correlation with Japan’s 30-year government bond (JGB) yields—a trend that may signal a dramatic shift in global macroeconomic dynamics. BTC and JGBs: A New Correlation Emerges Weston Nakamura, founder of Across The Spread, points out that BTC has recently aligned more with long-end Japanese bond yields than with equities. According to Nakamura, this marks a potential behavioral re-anchor for the digital asset. Key correlations include: Japan’s Yield Curve Is Shaping Global Markets What’s…
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has mandated that local crypto firms must cease offering overseas digital token (DT) services by June 30, 2025, or face severe penalties. The directive marks a significant tightening of Singapore’s crypto regulatory framework. No Transitional Period for Overseas Crypto Operations MAS released the deadline in its response to industry feedback on the proposed licensing regime for Digital Token Service Providers (DTSPs) under the Financial Services and Markets (FSM) Act of 2022. All Singapore-based firms providing digital token services to foreign markets must stop operations or obtain a license before June 30,…
Uniswap’s UNI token is showing signs of resilience near key support levels, despite mounting pressure from global economic uncertainties, including U.S. tariff concerns and delayed interest rate cuts. UNI Holds $6 Support After Sharp Swing UNI plunged to an intraday low of $6.045 before bouncing back above $6.11, following a volatile session that saw prices briefly reach $6.385, according to CoinDesk Research technical data. The sharp move represented a 5.33% price swing, as traders responded to shifts in macro sentiment. Key Technical Levels The $6.12–$6.18 range now acts as a critical resistance band. A sustained move above this zone could…
Force Bridge, the cross-chain protocol developed by Nervos Network, has fallen victim to a major exploit, resulting in the theft of more than $3 million in cryptocurrency, according to blockchain security firm Cyvers. Details of the Exploit Hackers reportedly compromised the Force Bridge and drained several assets, including: All stolen funds were quickly converted into Ether (ETH) and laundered through the crypto mixing service Tornado Cash, making tracking and recovery efforts significantly harder. The unauthorized transactions were linked to a suspicious wallet address, raising alarms across the Nervos ecosystem. The attack took place amid dwindling usage and looming sunset plans…
The global stablecoin market capitalization has exceeded $250 billion for the first time, signaling a significant turning point in the crypto and decentralized finance (DeFi) space. According to CoinGecko, the current total stands at $250.3 billion, with U.S. dollar-backed stablecoins accounting for $245.5 billion. Market leader Tether (USDT) commands the lion’s share with over $153 billion, followed by Circle’s USDC at $60.9 billion. Analysts Cite Regulatory Clarity and DeFi Adoption “Crossing $250 billion marks a turning point. Stablecoins are no longer experimental — they’re essential,” said Hank Huang, CEO of Kronos Research. Experts attribute this growth to regulatory momentum and…
Cryptocurrency investment products continued their positive momentum, recording $286 million in inflows last week, even as Bitcoin prices fell sharply. The data, published by CoinShares on June 2, highlights a growing investor preference for Ether-based products amid rising market volatility. Crypto ETPs Maintain Strong Inflow Streak Digital asset exchange-traded products (ETPs) have now posted seven consecutive weeks of inflows, totaling over $10.9 billion. These figures reflect sustained institutional interest in crypto assets, despite price pressures. The week ending May 30 saw continued inflows even as Bitcoin dropped by over 6%, from $110,000 to a low of $103,400, according to CoinGecko.…