Michael Saylor, co-founder and executive chairman of Strategy (formerly MicroStrategy), has firmly rejected the idea of publishing onchain proof-of-reserves, calling it a “bad idea” that introduces significant security threats. Onchain Transparency? Not for Strategy Speaking at a sideline event ahead of Bitcoin 2025 in Las Vegas, Saylor responded to a question about whether Strategy would adopt proof-of-reserves, a practice many crypto firms embraced post-FTX for onchain transparency. His answer was clear: “It dilutes the security of the issuer, the custodians, the exchanges, and the investors.” Saylor likened public wallet disclosures to “publishing the addresses and bank accounts of all your…
Author: Blockto Team
Wall Street giant Cantor Fitzgerald has officially entered the crypto lending space, launching a new Bitcoin lending platform with an initial $2 billion in financing. The move marks a major step in the integration of traditional finance (TradFi) and digital assets, providing institutions with diversified funding solutions to meet growing liquidity demands. First Lending Deals Closed With Maple Finance and FalconX Cantor announced on Tuesday that the first beneficiaries of its Bitcoin credit facility include Maple Finance, a leading crypto lending platform managing over $1.8 billion in digital assets, and FalconX, a digital asset prime brokerage servicing institutional clients. “Institutions…
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…
Trump Media and Technology Group (DJT) — the parent company of Truth Social — 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 company’s 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 library’s checked_shlw method. The flaw…
MARA Holdings, the world’s largest Bitcoin mining company—formerly known as Marathon Digital Holdings—has 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 Bitcoin’s 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 Bitcoin’s rapid price appreciation. “Quarterly reports are slow. Onchain shows revenue in real time,” 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 Union’s MiCA (Markets in Crypto-Assets) regulation. “Crypto 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 — 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 “fastest-growing market” in West Africa, according to a report from Bloomberg on May 27. “Nigeria has taken meaningful steps toward creating a clear framework for crypto,” said Owenize Odia, Blockchain.com’s 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. Trump’s Crypto Momentum Reaches India Executives at leading Indian crypto exchanges say the recent pro-crypto sentiment in global politics — especially following Donald Trump’s return to the White House — has helped shift attitudes in New Delhi. “Thanks to Trump, the positive momentum that has happened in crypto has impacted India as well,” said CoinSwitch co-founder Ashish Singhal. Since Trump’s 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…