South Korean authorities have arrested a Russian national following a failed crypto robbery attempt involving a fake transaction worth 1 billion won (approximately $730,000). The arrest comes amid a concerning uptick in crypto-related violent crimes across the globe. Fake Deal Turns Violent in Seoul Hotel According to Gangseo Police Precinct in Seoul, the incident occurred on May 21 at a hotel in the Gangseo District, where three Russian suspects posed as legitimate participants in a peer-to-peer crypto exchange. The suspects lured 10 South Korean investors to the location under the pretense of completing a digital asset deal. Once there, two…
Author: Blockto Team
Trump Media and Technology Group (DJT) â the parent company of Truth Social â is stepping into the world of digital assets with a high-profile move. On Tuesday, the firm announced plans to raise $2.5 billion to build a Bitcoin treasury, signaling growing institutional interest in crypto as a strategic reserve asset. $2.5B Capital Raise Targets BTC Treasury According to the companyâs statement, Trump Media has entered into subscription agreements with approximately 50 institutional investors, issuing $1.5 billion in common stock and $1 billion in convertible senior secured notes. The raise is expected to close on May 29. This aggressive…
us Protocol Exploited for $223M Due to Flawed Open-Source Library In a devastating blow to the DeFi ecosystem, Sui-based DEX Cetus Protocol has confirmed that a $223 million exploit was caused by a critical flaw in an open-source library used in its smart contract. The incident has raised fresh concerns over smart contract security and the centralization risks in emerging blockchain ecosystems. Exploit Targeted CLMM Smart Contracts The attack specifically targeted Cetus’ Concentrated Liquidity Market Maker (CLMM) pools. The hacker manipulated pool pricing through a flash swap, exploiting an overflow check vulnerability in the inter_mate libraryâs checked_shlw method. The flaw…
MARA Holdings, the worldâs largest Bitcoin mining companyâformerly known as Marathon Digital Holdingsâhas achieved a new all-time high in annualized Bitcoin mining revenue, surpassing $752 million as of May 27. The surge comes on the heels of Bitcoinâs price rally, which recently crossed $112,000 for the first time in history. Bitcoin Rally Sparks Mining Boom According to data from CryptoQuant, MARA recorded its highest-ever revenue day, capitalizing on Bitcoinâs rapid price appreciation. âQuarterly reports are slow. Onchain shows revenue in real time,â wrote CryptoQuant CEO Ki Young Ju in a May 27 post on X, highlighting the real-time nature of…
The United Kingdom has emerged as the fastest-growing crypto market in 2025, surpassing countries like the United States, France, and Singapore, according to the latest State of Crypto report released by Gemini on May 27. Crypto Ownership in the UK Jumps to 24% According to the report, the UK’s crypto ownership rose from 18% in 2024 to 24% in 2025, representing the largest year-over-year increase among the surveyed nations. This growth comes despite the country still lacking a comprehensive regulatory framework similar to the European Unionâs MiCA (Markets in Crypto-Assets) regulation. âCrypto ownership in France and the UK increased, reflecting…
Blockchain.com is deepening its footprint across Africa, announcing plans to open a new office in Nigeria as part of a broader regional expansion into Ghana, Kenya, and South Africa â countries increasingly moving toward formal crypto regulations. Nigeria Becomes a Launchpad for African Growth The UK-based crypto exchange will establish its Nigerian office in Q2 2025, citing the country as its âfastest-growing marketâ in West Africa, according to a report from Bloomberg on May 27. âNigeria has taken meaningful steps toward creating a clear framework for crypto,â said Owenize Odia, Blockchain.comâs General Manager for Africa. Nigeria recently enacted new securities…
The Indian cryptocurrency industry is seizing a rare window of opportunity to lobby for tax reforms, as the government of Prime Minister Narendra Modi shows signs of warming toward digital assets, according to a Financial Times report published Tuesday. Trumpâs Crypto Momentum Reaches India Executives at leading Indian crypto exchanges say the recent pro-crypto sentiment in global politics â especially following Donald Trumpâs return to the White House â has helped shift attitudes in New Delhi. âThanks to Trump, the positive momentum that has happened in crypto has impacted India as well,â said CoinSwitch co-founder Ashish Singhal. Since Trumpâs re-election,…
Crypto exchange Bitget has officially entered the booming real-world asset (RWA) market with the launch of BGUSD, a yield-bearing stable asset designed to combine the stability of fiat-backed assets with the earning potential of traditional financial instruments. BGUSD Offers 4% Yield via Tokenized Treasury Assets Announced on May 27, BGUSD offers users a 4% annual yield, credited daily to their spot accounts. Subscriptions are available in USDC and USDT, and the asset is fully redeemable in USDC at any time. According to Bitget CEO Gracy Chen, the yield is generated from a basket of tokenized traditional instruments, including U.S. Treasury…
Cryptocurrency markets faced renewed pressure early this week as profit-taking intensified ahead of a crucial inflation report due Friday. Notably, Dogecoin (DOGE) and XRP led the pullback, declining sharply as traders reassess risk amid macroeconomic uncertainty. Eyes on Core PCE â A Crucial Inflation Gauge All attention is now on this Fridayâs Core Personal Consumption Expenditures (Core PCE) data â a key measure of underlying inflation used by the Federal Reserve. The Core PCE index, which excludes volatile food and energy prices, is expected to offer critical clues about the Fedâs next interest rate policy move. “Traders see these macroeconomic…
Alpaca Finance, once a leading leveraged yield farming protocol on BNB Chain, has announced it will cease operations by December 31, 2025, marking the end of a four-year journey in the decentralized finance (DeFi) space. Front-End Access Available Until Year-End In a statement released Monday, the Alpaca Finance team confirmed that users will retain front-end access through the end of 2025 to allow for secure asset withdrawals. âThis choice wasnât made lightly,â the team wrote. âBut we believe it is the most responsible course of action to safeguard our community and ensure a graceful and secure wind-down.â A DeFi Powerhouse…