Top Cryptocurrency News from Trusted Global Sources

Blockchain sleuth ZachXBT revealed that the victim of the recent theft of $330 million in Bitcoin (BTC) was an elderly American citizen who was targeted by a social engineering attack. The exploit marks one of the largest known crypto thefts from an individual. ZachXBT traced the stolen 3,520 BTC, worth approximately $330 million, to a suspicious The post ZachXBT tracks $330M Bitcoin stolen in social engineering scam from elderly American appeared first on CryptoSlate.

Semler Scientific has increased its bitcoin holdings to 3,467 BTC following a $15.7 million purchase of 165 BTC, achieving a 23.8% year-to-date yield on its bitcoin treasury strategy. Bitcoin Bet Pays Off As Semler Scientific Reports 23.8% BTC Yield Semler Scientific (Nasdaq: SMLR) continues to double down on its bitcoin strategy, announcing the purchase of

Changpeng “CZ” Zhao, the former CEO of crypto exchange Binance, said most European countries were moving “nowhere” in terms of the adoption of digital currencies.Speaking at the Token2049 conference in Dubai on April 30, Zhao said that areas of the United Arab Emirates were “extremely pro-business,” leading to crypto adoption in Dubai, while others like Bhutan were building national Bitcoin (BTC) and Ether (ETH) stockpiles. According to Zhao, the US was pressing other countries’ hands by exploring its own policies for a crypto reserve, but those in Europe didn’t seem to be reacting.“I don’t see Europe in this discussion,” said Zhao, highlighting one exception. “Montenegro is actually quite pro-crypto. We had an active dialogue with [the] prime minister there, and he’s a very forward-thinking person, leader. But other than Montenegro, I don’t have any other, it’s kind of missing on the map.”Zhao, who has a home in Dubai, resigned as Binance CEO in November 2023 as part of a plea deal with US authorities pursuing charges against the exchange. Since leaving Binance and serving four months in prison in the US, he has become more involved with his educational platform, Giggle Academy. This is a developing story, and further information will be added as it becomes available.

FIFA’s official digital collectibles will soon migrate to a new EVM-compatible blockchain, ditching Algorand in the process.

Asset manager Grayscale launched the Grayscale Bitcoin Adopters exchange-traded fund (ETF), an investment vehicle that tracks companies employing a Bitcoin (BTC) treasury, or holding strategy.According to the April 30 announcement, the ETF will provide exposure to companies across seven business sectors, including Bitcoin mining firms, automotive companies, and energy.Some of the most notable firms in the ETF include Michael Saylor's Strategy, mining company MARA, automotive manufacturer Tesla, BTC treasury company Metaplanet, and aerospace energy firm KULR Technology Group.Grayscale's Bitcoin Adopters ETF highlights the growing trend of Bitcoin acquisition companies using the scarce digital asset to drive up shareholder prices and to protect their corporate financial reserves against the inflation inherent in fiat currencies.Public companies with Bitcoin holdings. Source: RiverRelated: Cantor plans $3B crypto venture with SoftBank, Bitfinex and Tether: ReportBitcoin treasury companies and the effect on BTC marketsBlockstream CEO Adam Back recently wrote that Bitcoin treasury companies will cause BTC to surge to a $200 billion market capitalization in the coming years.According to the CEO, companies adopting BTC are "front-running" market participants in their early bet that hyperbitcoinization — a reference to a point where BTC becomes the dominant store of value — will happen.Fidelity Digital Assets released metrics suggesting that the supply of BTC on exchanges is dwindling due to heightened buying pressure from companies like Strategy that regularly acquire Bitcoin for their corporate reserves."Public Companies have bought over 30,000 bitcoin per month so far in 2025," Fidelity Digital Assets wrote in an April 24 X post.The miner reserve ratio, a metric tracking the total number of BTC held in miner wallets, continues to decline. Source: CryptoQuantMichael Saylor's Strategy is currently the largest corporate holder of Bitcoin, outside of crypto exchange companies like Coinbase, and continues accumulating BTC regularly.Adam Livingston, the author of "The Bitcoin Age and The Great Harvest," said that Strategy's aggressive BTC buying is synthetically halving the newly minted BTC supply.Livingston added that institutions like Strategy are purchasing an average of 2,087 BTC per day, dwarfing the daily output of miners, who collectively produce around 450 BTC per day.The rapid accumulation of BTC by institutions outpacing miner output should create a supply crunch that will drive the price of Bitcoin to heights unaffordable for most retail investors, Livingston concluded.Magazine: Financial nihilism in crypto is over — It’s time to dream big again