The record-breaking $10.8 billion milestone in crypto ETP inflows year to date came after global crypto investment products posted another record last week. Cryptocurrency investment products saw a sharp increase in inflows last week, driving the year-to-date (YTD) total above $10 billion, according to data from European crypto investment manager CoinShares. Global crypto exchange-traded products (ETPs) recorded $3.3 billion of inflows during the week ending May 24, bringing total inflows YTD to a record $10.8 billion, CoinShares reported on May 26. CoinShares head of research James Butterfill said total assets under management (AUM) in crypto ETPs briefly reached an all-time high of $187.5 billion, reflecting strong investor interest. Read more
Bitcoin cypherpunk Adam Back has backed a $2.2 million funding round for H100 AB Group to help the Swedish health tech firm buy Bitcoin. Blockstream CEO Adam Back has led a 21 million Swedish krona ($2.2 million) funding round in the Swedish health tech company H100 Group AB, which last week said it would start buying Bitcoin. H100 said on May 25 that the funds, secured through 0% interest convertible loans, will be used to purchase Bitcoin (BTC) in line with its Bitcoin-buying pivot announced on May 22. Back, a longtime Bitcoin cypherpunk, contributed around $1.4 million, while the remaining $800,000 came from investment firms Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB and Crafoord Capital Partners. Read more
The Cetus hack saw $223 million in user funds stolen, most of which has been frozen by Sui network validators and ecosystem partners. Blockchain security firm Dedaub released a post-mortem report on the Cetus decentralized exchange hack, identifying the root cause of the attack as an exploit of the liquidity parameters used by the Cetus automated market maker (AMM), which went undetected by a code "overflow" check. According to the report, the hackers exploited a flaw in the most significant bits (MSB) check, allowing them to manipulate the values for the liquidity parameters by orders of magnitude and establish relatively large positions with a keystroke. The Dedaub security researchers wrote: The incident and the post-mortem update reflect the unfortunate trend of cybersecurity exploits and hacks impacting crypto and the Web3 industry. Read more
The investment fund combines multifamily real estate with BTC, maximizing upside by converting a portion of the monthly cash flows to BTC. Cardone Capital, a real estate investment firm with over $5 billion in assets under management, launched the 10X Miami River Bitcoin Fund, a dual-asset fund consisting of a 346-unit multifamily commercial property located on the Miami River in Miami, Florida, and $15 million of Bitcoin (BTC). In an interview with Cointelegraph, Cardone Capital founder and CEO Grant Cardone said the Miami River Bitcoin Fund, which is the firm's fourth blended investment vehicle mixing BTC and commercial multifamily real estate, will convert a portion of its monthly cash flows to BTC. Cardone told Cointelegraph the impetus to start the fund followed a suggestion from his brother. The CEO said: Read more
As global debt markets flash warning signs, Bitcoin rallies, defying investors’ expectations and reshaping BTC’s role in the financial system. Key takeaways: Rising bond yields reflect growing concern about fiscal stability and inflation, leading some investors to question US Treasury’s traditional role as a safe-haven asset. Bitcoin defies conventional risk models, rising not despite worsening macro conditions, but possibly because of them. Read more