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bitcoinist.com Bitcoin Exchange Supply Remains At 8-Year Lows: Bullish Sign?

On-chain data shows the Bitcoin exchange reserves have been at 8-year lows for the past month despite the recovery that the asset has witnessed. Bitcoin Supply On Exchanges Has Been Flat Recently As highlighted by on-chain analytics firm Santiment in an X post, Bitcoin and Ethereum have differed in their trend of the Supply On […]

forklog.media Bhutan Denies Selling 13,000 BTC from National Reserve

A representative of the sovereign fund Druk Holding and Investments (DHI) refuted claims of bitcoin sales from Bhutan's national reserve in a comment to CoinDesk. According to Arkham Intelligence, at its peak in October 2024, the kingdom held approximately 13,000 BTC. Since then, DHI's asset manager has moved and presumably liquidated most of the cryptocurrency. The wallet tracked by the analytics platform holds 3,121 BTC.    Source: Arkham Intelligence. "I don't recall the last time we sold bitcoins," a DHI representative told the publication. However, he declined to comment on the movement of funds, did not dispute the ownership of the addresses flagged by Arkham, and did not disclose the amount of cryptocurrency remaining under state control. Coins from the fund were transferred to wallets that interacted with centralized exchanges and trading companies, including OKX and Galaxy Digital. According to an Arkham analyst, such cases likely indicate a sale, although this cannot be definitively confirmed, he admitted.    Bhutan's bitcoin reserve was built through mining using surplus hydroelectric power. The state continues to finance at least four cryptocurrency mining sites.  In recent months, coin inflows into the national fund have ceased. This has led journalists to speculate that the government abandoned mining due to declining profitability. DHI stated that the country "was fortunate this year" with early and stable rains, which maintain hydroelectric plants at high capacity and ensure uninterrupted cryptocurrency mining.  "We continuously upgrade our equipment, transitioning to the latest installations to remain competitive," the organization emphasized. Earlier in May, Bhutan's special economic zone, the City of Consciousness Gelephu, introduced a simplified licensing mechanism for crypto companies.

news.bitcoin.com Bit Digital Posts $146M Q1 Loss as Ethereum Treasury Tops 155,000 ETH

Bit Digital reported a $146.7 million quarterly loss as lower ether prices weighed on its balance sheet, while the company continued expanding its ethereum treasury and AI infrastructure strategy. The firm now holds more than 155,000 ETH and is increasingly shifting away from bitcoin mining. Bit Digital Expands ETH Treasury to $327M, Staking Income Declines […]

bitcoinist.com South Korea To Unveil Tokenized Securities Rules In July As Crypto Regulation Advances

South Korean authorities are set to release detailed rules for the issuance, infrastructure, and distribution of tokenized securities, as the country advances its efforts to implement crypto market regulations in 2027. Related Reading: Bank Of England To Ease ‘Overly Conservative’ Stablecoin Rules After Industry Backlash – Report FSC Eyes July Tokenized Securities Framework On Friday, […]

bitcoinist.com Crypto Industry Watches As Poland Advances Long-Delayed Regulatory Bill

Poland’s prime minister has tied the country’s repeated failure to pass crypto rules to a high-profile fraud case — a charge that added urgency to a parliamentary vote that had already failed twice before. Related Reading: Crypto Analytics Firm Dune Axes 25% Of Employees Amid Strategic Overhaul A Scandal Shapes The Debate Prime Minister Donald […]

news.bitcoin.com Coinbase Co-Founder Meets with US and Venezuelan Officials in Major Investment Push

Ersham has reportedly been meeting with Venezuelan officials, floating possible investments in the energy and fintech sectors. He recently appeared in a tech event hosted by Banco de Venezuela, promoting the nation’s potential to become the “best country in Latam.” Coinbase’s Fred Ersham Shows Interest in Venezuela’s Economic Recovery Potential While Venezuela has been battling […]

forklog.media A fake OpenAI repository spread an infostealer, Mistral AI faced extortion, and other cybersecurity news

We compiled the week’s most important cybersecurity news. ZachXBT unmasked the organiser of $19 million in phishing thefts. Three suspects were charged over a series of “wrench attacks” in California. A fake OpenAI repository spread an infostealer. “AI slop” is flooding platforms used by hackers and cyberfraudsters. ZachXBT unmasks organiser of $19 million phishing heists On-chain sleuth ZachXBT detailed an investigation into phishing-enabled cryptocurrency thefts exceeding $19 million. 1/ Meet Dritan Kapllani Jr, a US based threat actor tied to $19M from social engineering thefts targeting crypto holders.Dritan flexes luxury cars, watches, private jets, & clubs all over social media.Recently he was recorded on a call showing off a wallet with stolen funds. pic.twitter.com/iDKyUjUm4M— ZachXBT (@zachxbt) May 12, 2026 The prime suspect is US hacker Dritan Kapllani Jr. The trail began with his own carelessness. On 23 April 2026, during a Discord video call, Kapllani argued with a user about the size of his capital (band 4 band). To prove his point, he showed the screen of his Exodus wallet with a $3.68 million balance. ZachXBT analysed the transaction history of the associated Ethereum address. The funds were tied to the theft of 185 BTC on 14 March 2026. The research showed that on 15 March, Kapllani’s wallet received his cut—$5.3 million. By the April call he had spent or laundered roughly $1.6 million. The investigation also linked Kapllani to earlier incidents. A cybercriminal, John Dagita, previously arrested for stealing more than $40 million from the US government, aided this connection. Seeking revenge over prior disputes, he posted one of Kapllani’s old addresses in Telegram. ZachXBT confirmed ownership: the cash-out pattern matched that used in the 185 BTC theft. He also found that in autumn 2025 the wallet processed over $5.85 million stolen in five phishing attacks. The investigator assisted one victim but deliberately withheld his findings until authorities acted. On 11 May 2026, court filings in the 185 BTC case were unsealed. Charges have already been filed against: Trenton Johnson—for direct participation in the theft. He faces up to 40 years in prison; a crypto influencer known as yelotree—for helping launder funds through a Miami car-rental business (up to 30 years). Kapllani flaunts a lavish lifestyle on social media, showcasing private jets and luxury cars. He had long avoided arrest—something the sleuth links to routine deferrals of prosecutions involving minors. Now that he has turned 18, ZachXBT expects charges soon. Three suspects charged over a series of “wrench attacks” in California US prosecutors charged Elija Armstrong, Nino Chindavong and Jayden Rucker with robbery, kidnapping and conspiracy in connection with a string of cryptocurrency thefts. According to the case file, the trio moved from Tennessee to California. To enter victims’ homes, they posed as couriers. In November 2025 in San Francisco, a “courier” carrying a box attacked a recipient at an apartment entrance. The victim was bound with tape, pistol-whipped and forced under threats to transfer $10 million in bitcoin and $3 million in Ethereum. In another “wrench attack”, the victim lost $6.5 million in crypto. Armstrong and Rucker were arrested in Los Angeles on 31 December 2025; Chindavong was detained in Sunnyvale on 22 December 2025. They face: up to 20 years in prison for robbery and attempted kidnapping; life imprisonment for conspiracy to kidnap; fines of $250,000 on each count. According to CertiK, there were 72 “wrench attacks” worldwide in 2025, up 75% on the previous year. Losses reached a record $41 million. A fake OpenAI repository spread an infostealer A malicious Hugging Face repository impersonated OpenAI’s Privacy Filter project to deliver an infostealer, researchers at HiddenLayer reported. Hugging Face is a platform where developers and researchers share AI models, datasets and machine-learning tools. According to the team, scammers used a lookalike name in the Open-OSS/privacy-filter repository, which contained a loader.py file that launched Windows-targeting data-theft malware. Source: HiddenLayer. The Python script included bogus AI-related code to appear benign. In the background it disabled SSL key checks, decoded a URL pointing to an external resource, then fetched and executed a PowerShell command. Running in a hidden window, the code downloaded a batch file, start.bat, which escalated privileges and fetched the final payload while adding it to Microsoft Defender exclusions. The payload was a Rust-written infostealer capable of taking screenshots. It stole: cookies, saved passwords, encryption keys and browsing history from Chromium- and Gecko-based browsers; Discord tokens, local databases and master keys; crypto wallets and their browser extensions; SSH, FTP and VPN credentials and configuration files, including FileZilla; system information. The researchers noted that the vast majority of the 667 accounts that “liked” the malicious repository appeared automatically generated. The reported 244,000 downloads could also have been artificially inflated. “AI slop” is flooding platforms used by hackers and cyberfraudsters  Complaints about “AI slop” are increasingly common in the dark web, as it seeps into discussions, guides and technical posts, Wired reports, citing research by the University of Cambridge and the University of Strathclyde. Analysts reviewed about 98,000 AI-related threads on hacker forums from the launch of ChatGPT in 2022 through the end of 2025. Over that period, attitudes toward generative models shifted markedly in criminal circles. Where hackers once discussed using neural networks to write malware or find vulnerabilities, they now increasingly gripe about a flood of “AI slop”: useless posts and simplistic guides on basic topics. Some forum participants also complain that LLM answers in Google search results depress traffic to the forums themselves, hurting their marketing. The researchers saw little meaningful impact on inexperienced fraudsters: AI has not lowered the barrier to entry for novices nor produced sweeping changes in cybersecurity. Belarus-linked hacking group targeted Ukrainian state bodies In March 2026, a new campaign by the Ghostwriter group (also known as UNC1151 and FrostyNeighbor) targeted Ukrainian government and defence organisations, according to ESET researchers. Ghostwriter, which specialises in cyber-espionage in Eastern Europe, has been linked to Belarus. Attackers sent phishing PDFs masquerading as documents from Ukrtelecom. Malicious links in the files delivered the PicassoLoader malware, which then deployed the popular attack framework Cobalt Strike. The hackers used IP-based checks: the infected archive downloaded only if the victim was in Ukraine. Researchers noted the group’s operational maturity. PicassoLoader can send a system “fingerprint” to the attackers’ servers every ten minutes. Based on this, Ghostwriter operators decide whether to continue the intrusion. Unlike its campaigns in Poland or Lithuania, where it hits a broad spectrum of targets from logistics to healthcare, in Ukraine the group focuses exclusively on military and government sectors. TeamPCP hackers put Mistral AI repositories up for sale The TeamPCP hacking group threatened to leak Mistral AI’s project source code unless a buyer emerges for the stolen data, BleepingComputer reports. Mistral AI is a French artificial-intelligence firm founded by former researchers from Google DeepMind and Meta. It develops open-weight LLMs and proprietary software. In a post on a hacker forum, the attackers asked $25,000 for a bundle including nearly 450 repositories. In an official statement to BleepingComputer, Mistral AI confirmed a compromise of its code-management system. The breach followed a large-scale software supply-chain attack dubbed Mini Shai-Hulud. Mistral AI says the affected data are not part of its core source code. According to published information, the attack unfolded in stages. First, the perpetrators accessed official TanStack and Mistral AI packages using stolen CI/CD credentials. The campaign then spread to hundreds of projects in the npm and PyPI registries, including work by UiPath, Guardrails AI and OpenSearch. Mistral AI acknowledged that attackers briefly inserted malicious code into some of the company’s SDK packages. Source: BleepingComputer. TeamPCP claims to have downloaded nearly 5GB of internal data that Mistral uses for training, fine-tuning, benchmarking and experiments. The hackers said they will dump the information publicly if no buyer is found within a week. Also on ForkLog: Attackers drained $10 million from THORChain. An alliance of Tether, TRON and TRM Labs froze $450 million in cryptoassets. The Ethereum Foundation launched a service to protect against blind transaction signing. CertiK reported on North Korea’s “industrialisation” of crypto theft. The Roaring Kitty account was hacked to dump the RKC token. Google observed rising interest in AI among cybercriminals. LayerZero acknowledged mistakes after Kelp’s $292 million hack. What to read this weekend? In a new piece, ForkLog examines how Palantir Technologies, the principal software contractor to the US Department of Defense and intelligence agencies, “ensures the West’s obvious superiority”.

bitcoinist.com ZachXBT Claims LAB Insiders Control 95% After $6 Billion Crypto Pump

Crypto On-chain investigator ZachXBT has escalated his accusations against LAB, alleging that insiders likely control more than 95% of the token’s supply after a rally that pushed its fully diluted valuation to roughly $6 billion. The claims center on opaque private loans, OTC deals, changing vesting terms, market-maker coordination and what he described as a […]

cryptopotato.com Ripple Price Analysis: XRP Momentum Shifts Bullish Against Both USD and BTC

XRP is trading at $1.43, rising above the most technically significant resistance cluster it has faced in months. The price has simultaneously broken the 100-day MA and the descending channel’s upper boundary on the USDT pair, while the BTC pair breaks above a short-term resistance level. For the first time this cycle, both pairs are […]

bitcoinist.com XRP ETF Accumulation Pushes Marex Group Among Top Holders

Marex Group’s own stock climbed more than 15% in a week after the Nasdaq-listed financial services firm disclosed a combined $9.4 million position across two spot XRP exchange-traded funds, landing it among the top institutional holders of XRP ETF shares in the US. Related Reading: Crypto Analytics Firm Dune Axes 25% Of Employees Amid Strategic […]

news.bitcoin.com Entain Directly Targets Premier League Clubs Citing ‘Cryptocurrency Reliance’ in Sponsor Ban

Entain General Counsel Simon Zinger has written directly to six Premier League clubs, urging them to commit to UK-licensed gambling sponsors only for the 2026/27 season, citing Stake’s “heavy reliance on cryptocurrency” and BJ88’s use of “unregulated payment methods like cryptocurrency to evade financial oversight” in letters reported by SBC News today. Entain’s General Counsel […]

cryptopotato.com E-Estate Announces 1 Year Live: Washington DC Summit as Real Estate Tokenization Enters Its Next Phase

[PRESS RELEASE – New York, USA, May 15th, 2026] E Estate Group Inc. announced that it will host E-Estate 1 Year Live: Washington DC Summit on June 13, 2026, bringing together company leadership, agents, buyers, strategic partners, and guests interested in the future of blockchain-based real estate ownership. The summit will take place at The […]

cryptopotato.com Ethereum Price Analysis: Is ETH Finally Attempting a Real Breakout?

Ethereum is trading above $2.2k as the third week of May gets underway. The asset is on the lower end of its range over the past two weeks after another rejection. The aggressive long positioning that had built up into the $2.4k resistance zone has been unwound, and the price chart indicates that more consolidation […]

news.bitcoin.com OKX Targets South Korea Entry With Proposed 20% Coinone Investment

OKX and Korea Investment & Securities are reportedly in talks to acquire stakes in South Korean crypto exchange Coinone. The move could mark a major step in the opening of Korea’s tightly regulated digital asset market to global players. OKX Explores Strategic Coinone Role as South Korea Rethinks Crypto Rules Global crypto exchange OKX is […]

bitcoinist.com Bitcoin Short-Term Holder Basis Remains High Within Biggest Supply Cluster

A large pocket of Bitcoin supply is sitting just above the current market, and technical analysis shows that this area may decide the next major Bitcoin move.  On-chain analysis by crypto analyst Sherlockwhale identifies the $84,000 to $88,000 zone as arguably the largest supply cluster in Bitcoin’s current market structure, a region stacked with breakeven […]

bitcoinist.com Ethereum Flashes Rare Divergence Between Spot And Derivatives Market. Who Has The Edge?

Ethereum is consolidating between $2,200 and $2,400 as the market searches for the catalyst or the structural confirmation that forces a decisive break in either direction. The price is holding but not advancing — and a CryptoOnchain analysis tracking Binance’s on-chain flows has identified a sequence of capital movements between May 10 and May 12 […]

news.bitcoin.com Strategy to Repurchase $1.5B in Notes, Says Bitcoin Sales Could Fund Deal

Strategy plans to repurchase about $1.5 billion of convertible notes, with the final price tied partly to its stock performance. The filing also lists bitcoin sales as a possible funding source, renewing focus on its treasury strategy. Strategy Details $1.5 Billion Convertible Note Repurchase Plan On May 15, Strategy Inc. (Nasdaq: MSTR) announced on X […]

bitcoinist.com Cardano (ADA) Could Launch New Bull Phase With Investor Confidence On The Rise

Following a broader cryptocurrency market bounce on Thursday, Cardano (ADA) has flipped into an upward direction again, breaking past the $0.25 barrier. While the ADA’s price has turned positive, the altcoin’s current structure and on-chain signals are starting to align, raising its potential for a major rally. Improving Cardano Investor Outlook Collides With Bullish Momentum […]

news.bitcoin.com XRP Ledger Activity Jumps as Price Tests $1.55, Large Wallets Set Record

XRP Ledger activity climbed as XRP cleared $1.54, with Santiment reporting 48,453 active wallets and the strongest network growth reading since March. The surge pointed to renewed participation as price momentum returned. XRP Ledger Activity Rises as Price Tests $1.55 The XRP Ledger posted its strongest 24-hour activity since March after XRP moved above $1.54 […]

bitcoinist.com What Does The Rising US Inflation Mean for Bitcoin?

Investors and traders are paying closer attention to Bitcoin (BTC) after the latest US inflation report was released on May 12. As consumer prices in the US continue to climb, questions are mounting about what that means for BTC and whether the world’s largest cryptocurrency can hold its ground. This change also creates a new […]

news.bitcoin.com Powell Named Temporary Fed Chair Until Warsh Takes Oath

Jerome Powell will remain Federal Reserve chair on a temporary basis as Kevin Warsh waits to take the oath. The board used a chair pro tempore designation after Warsh’s Senate confirmation left the leadership transfer unfinished. Powell Holds Temporary Fed Post as Warsh Awaits Oath The Federal Reserve Board announced on May 15 that Jerome […]

bitcoinist.com Ethereum Price Lags Despite Record Staking Levels: What Are Investors Missing?

Ethereum is struggling to push past resistance as the market faces a wave of uncertainty that has kept the price pinned below levels that would signal a genuine recovery. The price action is frustrating — buyers keep arriving but cannot sustain the momentum needed to break through — and CryptoQuant data has surfaced a signal […]

news.bitcoin.com Tokenized Assets Could Reach $1.6T by 2030, Binance Research

Binance Research said tokenized assets could reach $1.6 trillion by 2030 as institutions test blockchain-based financial products. U.S. Treasury products, gold-backed commodities, and tokenized public equities remain key areas of adoption. Tokenized Markets Move Toward Wider Adoption Binance Research published a report on May 15 that framed tokenization as a growing bridge between traditional finance […]

blockmanity.com The CLARITY Act Breakthrough: How Clear Rules Could Lift Bitcoin and Speed Up Stablecoin Payments

The Breakthrough: How Clear Rules Could Lift Bitcoin and Speed Up Stablecoin Payments The crypto world is buzzing after the CLARITY Act moved forward in Congress. This new bill aims to give clear rules for digital assets. Many experts believe […] The post The CLARITY Act Breakthrough: How Clear Rules Could Lift Bitcoin and Speed Up Stablecoin Payments appeared first on Blockmanity.

news.bitcoin.com Antseed Unveils 20-Provider AI Marketplace as USDC Payments Bypass Aggregators

Antseed has launched a decentralized and peer-to-peer (P2P) marketplace connecting consumers with providers. Decentralized Shift in AI Access Antseed, on May 15, launched a decentralized marketplace that connects artificial intelligence (AI) consumers directly with model providers, removing the centralized intermediaries that dominate today’s AI access ecosystem. The platform offers an alternative to AI aggregators such […]

bitcoinist.com Institutional Shift? Jane Street Turns Toward Ethereum After Reducing Bitcoin ETF Exposure

For long, Bitcoin has remained the major target for institutional investors, but lately Ethereum is turning up strongly on their radars too. Many companies have begun to accumulate the leading altcoin at a significant rate, with some even dumping a portion of their Bitcoin holdings to buy more ETH. Jane Street Shows Interest In Ethereum […]

news.bitcoin.com China Unveils Jiuzhang 4.0: The Photonic Quantum Computer Defying the Laws of Speed

The new iteration of China’s Jiuzhang photonic quantum computer prototypes solved the Boson sampling problem much more quickly than the world’s most powerful computer. The computer represents a major leap and opens the doors for further advancement in photonic quantum computing. China’s Jiuzhang 4.0 Photonic Quantum Computer Breaks Records China has cemented its leadership in […]

cryptobriefing.com Lombard migrates $1B in Bitcoin-backed assets to Chainlink CCIP after $292M exploit shakes LayerZero confidence

Lombard's migration to Chainlink CCIP highlights a shift in DeFi trust dynamics, potentially centralizing risk in cross-chain infrastructure. The post Lombard migrates $1B in Bitcoin-backed assets to Chainlink CCIP after $292M exploit shakes LayerZero confidence appeared first on Crypto Briefing.

bitcoinmagazine.com Bitcoin Open Heads to Iconic Glen Abbey Golf Club for June 8, 2026 Event

Bitcoin Magazine Bitcoin Open Heads to Iconic Glen Abbey Golf Club for June 8, 2026 Event Organizers of the Bitcoin Open have confirmed the June 8, 2026 date at Glen Abbey Golf Club in Oakville, Ontario, during the venue’s 50th anniversary year. The event combines a team scramble golf tournament with an evening Texas Hold’em poker tournament. This post Bitcoin Open Heads to Iconic Glen Abbey Golf Club for June 8, 2026 Event first appeared on Bitcoin Magazine and is written by Juan Galt.

bitcoinist.com The CLARITY Act Is Not The Only Win For XRP, Here Are Other Wins For Ripple

Crypto pundit Pumpius has revealed how the CLARITY Act represents a “massive” win for XRP with key provisions to protect its ecosystem. He also alluded to another recent development, which will enable the altcoin to take over the global financial system.  Pundit Highlights CLARITY Act As A Major Win For XRP In an X post, […]

news.bitcoin.com Blackrock Drives Bitcoin ETF Recovery as Trading Volume Surges to $2.76B

Bitcoin ETFs snapped back into positive territory on Thursday with $131 million in fresh inflows, signaling a renewed wave of institutional demand after two difficult sessions. Ether ETFs, however, remained under pressure with a fourth consecutive day of outflows, while XRP and solana products continued to attract steady capital. XRP ETFs Attract $18M as Regulatory […]

bitcoinist.com Farage’s $6.7M Crypto-Linked Gift Raises Eyebrows After $1.8M Home Acquisition

A parliamentary ethics probe is now underway and focused on Nigel Farage, leader of the UK’s Reform Party, after reports surfaced that the government official bought a $1.8 million property weeks prior to entering office — a purchase made possible, at least in part, by a $6.7 million personal gift from a crypto billionaire. Related […]

news.bitcoin.com Bitcoin Slides Below $79K as Trump’s Iran Threat Sends Oil Past $105

Bitcoin’s drop below $79,000 was driven by a sharp swing in global risk sentiment after the U.S.–China summit ended without progress and fresh Middle East tensions rattled markets. US-China Tech Cold War Intensifies Bitcoin plunged below the $79,000 mark for the second time in two days as investor sentiment shifted from optimism to caution after […]