Scott Bessent suggested support for the stablecoin and market structure bills being considered in Congress in response to a question about China. Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through Congress. Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital assets” in response to a question about American dominance over China in crypto-related innovation. The Treasury Secretary added that “good market structure” and “stablecoin legislation” could help ensure this outcome. Bessent’s remarks echoed those of other Republican lawmakers and President Donald Trump, who initially claimed he wanted to make the US the “crypto capital of the world” during his 2024 campaign. The Treasury Secretary was likely referring to the draft of a digital asset market structure bill released by House Republicans on May 6 and the GENIUS bill to regul...
The malware, LOSTKEYS, can steal files from hard-coded extensions and directories, according to Google. Threat group COLDRIVER is using new malware to steal documents from Western targets, according to a May 7 report from Google Threat Intelligence. The malware, called LOSTKEYS, shows the evolution of the group from credential phishing to more sophisticated attacks. According to the Google report, the new malware is installed through four steps. The process involves a “lure website” with a fake CAPTCHA, a PowerShell script downloaded to the user’s clipboard, some device evasion, and retrieval of the final payload. Lastly, the malware is installed. LOSTKEYS is capable of stealing files from extensions and directories. It can also send system information and running processes back to COLDRIVER. The address from which the parts of the attack come is “165.227.148[.]68” according to Google. Read more
Funds continue to flow into Bitcoin, boosting its realized capitalization to $890 billion as traders position for a possible rally to $100,000. Key Takeaways: Bitcoin’s realized capitalization hit a record $890 billion, reflecting strong investor conviction as long-term and short-term holders increased allocations. Large Bitcoin holders with over 1,000 BTC have accumulated significantly since March 2025, reflecting the Q1 2024 trend. Read more
Vivek Ramaswamy's asset management firm is going public through a reverse merger and will use shares to buy Bitcoin. Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, has revealed plans to transition into a Bitcoin treasury company. According to a May 7 announcement, Strive is going public through a reverse merger and plans to use the combined company’s stock to accumulate Bitcoin (BTC). The deal will see Strive merging with Asset Entities — a social media marketing company listed on the Nasdaq. The combined entity will operate under the Strive brand and use its access to the public equity markets to finance Bitcoin purchases, the company said. Read more