Crypto

Vietnam’s police said they arrested 20 people in the country’s largest crypto scam, a multibillion-dollar Ponzi scheme built around Paynet Coin. Vietnamese authorities have dismantled what they described as the country’s largest crypto fraud to date, arresting the ringleader and accomplices behind a multibillion-dollar Ponzi scheme built around the digital token Paynet Coin (PAYN). The Phu Tho Provincial Police said on Monday that the suspects lured thousands of victims in Vietnam and overseas into an illegal multilevel marketing (MLM) operation disguised as a crypto investment platform, according to a report by local media outlet Công an Nhân dân. Using websites such as FMCPAY.com and AFF2024.com, the group promised investors monthly returns of 5%–9% and additional commissions for recruiting others. Funds from new participants were used to pay earlier investors, a classic Ponzi structure, per the authorities. Read more

Find out what's driving the move and if there's more fuel for this rally to continue.

ICP posts 5% swing before consolidating, after market sentiment was shaken by a security breach at Odin.fun

Despite the price decline, whale accumulation of PEPE continued, with the top addresses on Ethereum increasing their holdings by 1.5% in the last 30 days.

Sentora's report warns that corporate adoption of bitcoin as a treasury asset is akin to playing 'balance sheet roulette.'

Spar will launch crypto and stablecoin payments across 300 Swiss supermarkets via Binance Pay and DFX.swiss, marking a retail first for the country. Global grocery giant Spar is enabling stablecoin and cryptocurrency payments in its stores across Switzerland, marking what the company says will be the first nationwide rollout of digital asset payments in the retail sector. The grocery chain is partnering with Binance Pay and Swiss fintech firm DFX.swiss to allow customers to pay with more than 100 cryptocurrencies and stablecoins, according to a Thursday announcement shared with Cointelegraph. The service is already live in 100 Spar stores and will expand to the remaining locations in coming months. A full rollout across the country’s Spar network has no confirmed timeline, a Spar spokesperson said. Read more

ADA jumped double digits on the day as it surged to a five-month high, following a BTC all-time high and ETH closing in on its peak.

The hacker behind the Radiant Capital $58 million October 2024 exploit now holds $103 million in Ether since the asset’s price almost doubled. The trove stolen from decentralized lender Radiant Capital in October 2024 has nearly doubled in value as Ether climbed, blockchain data shows. Decentralized finance (DeFi) protocol Radiant Capital was hacked in mid-October 2024 when the crosschain lending protocol suffered a $58 million cybersecurity breach on BNB Chain and Arbitrum. Radiant Capital lost about $58 million in the breach. The attacker later swapped proceeds into Ether (ETH) and now holds 21,957 ETH worth about $103 million, according to Lookonchain, up from an estimated $58 million at the time of the exploit. Read more

Over 15 billion ADA has not moved for a year, signaling holder confidence as “altcoin season” momentum builds and Cardano price rises to multimonth highs. Key takeaways: ADA price confirms bull flag breakout, eyeing 100%–150% upside. Long-term holders have been holding a record 15 billion ADA for over a year. Read more

Coinbase lost $300,000 in token fees after mistakenly approving assets to a 0x swapper contract, enabling an MEV bot to drain its corporate wallet. Coinbase lost about $300,000 in token fees after mistakenly approving assets to a 0x Project smart contract, allowing a maximal extractable value (MEV) bot to drain the funds. Deebeez, a security researcher at Venn Network, flagged the incident in a Wednesday post on X. He said Coinbase’s corporate wallet interacted with 0x’s “swapper” contract, a permissionless tool designed to execute swaps but not to receive token approvals. Since anyone can call the contract to perform arbitrary actions, granting approvals can expose assets to immediate theft. “This same swapper is known to have had issues with Zora claims on Base,” the researcher wrote, linking to past cases where the setup enabled malicious actors to extract funds without exploiting code vulnerabilities. Read more

Bitcoin technical indicators are starting to show some signs of BTC price overheating, but onchain data suggests otherwise. Key takeaways: Bitcoin hit a new all-time high of $124,450 on Thursday, and signs of overheating are starting to appear. Several technical indicators suggest a potential top at $124,000. Read more

Spot Ether ETFs printed the second-largest daily inflows on record at $729 million on Wednesday, following the record $1.02 billion that poured into ETH funds on Monday. US spot Ether exchange-traded funds (ETFs) printed the second-largest daily inflows on record as the cryptocurrency approached all-time high prices. Ether (ETH) funds saw $729 million of inflows on Wednesday as ETH surged past $4,700 for the first time since November 2021, according to data from SoSoValue. It was the second-largest daily inflow into spot Ether ETFs, following the record $1.02 billion poured into ETH funds on Monday. Read more

Bitcoin briefly flipped Google parent Alphabet’s $2.4 trillion market capitalization to become the fifth-largest global asset, driving a wave of optimism among investors. Bitcoin climbed to an all-time high above $124,000 on Thursday, stoking fresh optimism that the next leg of price discovery could push the cryptocurrency’s market value toward Apple’s $3.4 trillion. Bitcoin (BTC) hit an all-time high of $124,457, leading the world’s first cryptocurrency to briefly surpass Google’s $2.45 trillion market capitalization, becoming the fifth-largest global asset. “Bitcoin all-time high and it’s only Wednesday,” said Gemini co-founder Tyler Winklevoss in an X post, triggering a wave of optimistic responses, including from popular investor Kyle Chassé, who predicted that this would be the “best week for Bitcoin.” Read more

The lawsuit alleges publishing Sun’s crypto details would put him at “significant and imminent risk" of theft, hacking or kidnapping.

Ethereum ETFs are attracting record institutional inflows, narrowing the gap with Bitcoin and intensifying upward price pressure.

Bitcoin’s record run underscores strong market underpinnings, though some warn optimism over Fed easing may be premature.

Two years after Rain Lõhmus admitted he lost access to a presale wallet, the stash is now worth over a billion, at least on paper.

Korea's Won is stuck onshore. That's going to put a damper on any demand for a Won-backed stablecoin.

Google’s Play Store policy update for crypto apps sparked concerns over self-custodial wallets before the company said they were exempt.

Lixte Biotechnology's share price fell hard after it revealed a Bitcoin treasury, while firms stashing Ethereum have been surging of late.