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Key takeaways:Bitcoin is nearing a golden cross that led to 45–60% price rallies in the recent past.Fundamentals like rising M2 supply and easing trade tensions support a bullish outlook.Bearish divergence and overbought conditions show there’s still a risk of BTC falling below $100,000.Bitcoin (BTC) will likely confirm a “golden cross” on its daily chart by the end of May, a technical pattern whose occurrences in recent years often preceded rallies.Source: Benjamin CowenPrevious golden crosses led to 45-60% BTC price ralliesAs of May 20, Bitcoin’s 50-day simple moving average (50-day SMA; the red wave) was eyeing a close above its 200-day SMA (the blue wave) for the first time since October 2024, forming a golden cross.BTC/USD daily price chart. Source: TradingViewPreviously, BTC price had gained over 60%, with the reelection of Donald Trump as the US president playing a key role. In October 2023, the golden cross was followed by a 45% BTC price rally, helped by Bitcoin ETF euphoria. September 2021 saw 50% gains in BTC price after painting a similar SMA crossover.Bitcoin’s golden crosses can failUsing indicators that worked in the past is not a guaranteed strategy. Traders learned that in February 2020, when Bitcoin’s golden cross preceded a 62% price crash, primarily due to the global market rout led by the COVID-19 lockdowns.BTC/USD daily price chart. Source: TradingViewThat episode underscores the importance of using golden crosses with broader technical and macro indicators while factoring in the possibility of unexpected events. As of now, Bitcoin’s upcoming golden cross aligns with mostly supportive fundamentals, placing the signal on the bullish side of the ledger. Increasing M2 money supply and easing US-China trade tensions, for instance, have propelled bets on a new record high for Bitcoin. Source: Michaël van de PoppeWhat’s notable this time is that BTC is signaling a correction after its relative strength index (RSI) crossed above the overbought threshold of 70 earlier in May. Related: Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity execSo, instead of an immediate rally after the cross, Bitcoin may initially pull back toward its SMA supports, sitting around the $92,400-95,000 range as of May 20. BTC/USDT daily price chart. Source: TradingViewA growing bearish divergence between the rising Bitcoin price and falling RSI furthers the chances of short-term downside. Nonetheless, some technical indicators see the BTC price rallying toward $150,000 in the coming months.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

A recent data breach at crypto exchange Coinbase has raised concerns about user safety after hackers gained access to sensitive information, including home addresses.Coinbase, the world’s third-largest cryptocurrency exchange, confirmed that less than 1% of its transacting monthly users were affected in an attack that may cost the exchange up to $400 million in reimbursement expenses, Cointelegraph reported on May 15.However, the “human cost” of this data breach may be much higher for users, according to Michael Arrington, the founder of TechCrunch and Arrington Capital.“Very disappointed in Coinbase right now. Using the cheapest option for customer service has its price,” Arrington said in a May 20 X post, adding:“Something that has to be said though - this hack - which includes home addresses and account balances - will lead to people dying. It probably has already.”Source: Michael ArringtonWhile no passwords, private keys or account funds were exposed, cybercriminals reportedly bribed overseas customer service contractors to access internal systems. This allowed them to steal personal data that could be used in social engineering scams or even physical extortion attempts.Related: Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claimsWith Bitcoin (BTC) trading above $100,000, crypto wealth has become a growing target for criminals. Experts warn that leaked address data could expose high-net-worth individuals to real-world risks. On May 16, Cointelegraph reported on six violent robberies that targeted cryptocurrency investors, aiming to extort digital assets via kidnapping or torture.In a ruthless attack on May 4, the father of a French crypto entrepreneur was abducted in Paris, France. The kidnappers cut the victim’s finger and sent a video to his son, demanding 5 million euros in crypto.The victim was held for two days before French police were able to find and rescue him. According to CNN, five people were arrested in connection with the kidnapping. Related: US crypto funds top $7.5B inflows in 2025 as investor appetite growsCrypto exchanges need “layered” cybersecurityTo prevent similar user data breaches, crypto exchanges need to adopt a “layered defense strategy,” according to Ronghui Gu, the co-founder of CertiK Web3 security firm.“This can include privileged access management, zero trust architecture, multifactor authentication across internal systems, and continuous monitoring with behavioral analytics,” Gu told Cointelegraph, adding: “Preventive measures such as regular phishing simulations, tailored security training, and restricting third-party access to sensitive systems may help reduce these risks.”However, crypto platforms will need to “rethink their security posture” as attackers “increasingly target human vulnerabilities rather than technical ones,” added Gu, warning of the rising threat of social engineering schemes.Incidents and losses in 2024 by month. Source: CertiKSocial engineering schemes, such as phishing scams, were the most significant security threat of 2024, costing the industry over $1 billion across 296 incidents, according to CertiK.Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19

The Virtual Assets Regulatory Authority (VARA) in Dubai has announced the release of Version 2.0 of its activity-based Rulebooks. The updated Rulebooks enhance supervisory mechanisms for various regulated virtual asset activities, including advisory services, broker-dealer services, custody services, and exchange services, among others. Key updates include strengthened controls on margin trading and token distribution, clearer

South Korea’s Democratic Party leader Lee Jae-myung proposed creating a stablecoin tied to the Korean won to prevent capital outflows and strengthen national financial sovereignty.Speaking during a recent policy discussion, Lee argued that a won-based stablecoin would allow South Korea to retain wealth domestically while reducing reliance on foreign-issued digital assets like USDt (USDT) and USDC (USDC), according to The Korea Herald.Currently, South Korean law prohibits the issuance of domestic stablecoins, forcing local exchanges to rely on US dollar-based alternatives.Between January and March, crypto exchanges in the country recorded 56.8 trillion won ($40.8 billion) in asset outflows, nearly half of which were linked to foreign stablecoins, the report said.“We need to establish a won-backed stablecoin market to prevent national wealth from leaking overseas,” Lee reportedly said.Related: Top South Korean presidential hopefuls support legalizing Bitcoin ETFsSouth Korean candidates make pro-crypto promisesThe proposal is part of Lee’s broader digital asset strategy, which includes legalizing spot cryptocurrency exchange-traded funds (ETFs).Both Lee and rival Kim Moon-soo of the People Power Party have pledged to support the introduction of spot crypto ETFs.Source: Konstantin TkachukLee’s campaign also calls for the National Pension Fund and other institutional players to be allowed to invest in cryptocurrencies once price stability criteria are met.To facilitate this, he proposed an integrated monitoring system and lower transaction fees, making crypto more accessible under government oversight.However, the stablecoin proposal has sparked concern among economists. Shin Bo-sung, a senior Korea Capital Market Institute researcher, warned that stablecoins could inflate the money supply and shift monetary control to private issuers.“We must not overlook the economic principles behind them. Stablecoins are essentially another form of banking, creating money out of nothing,” Shin said.Related: RedotPay enters South Korea with crypto-powered payment cardsDemocratic Party sets up “Digital Asset Committee”On May 13, South Korea’s Democratic Party launched a Digital Asset Committee focused on developing cryptocurrency policies and promoting industry growth.The committee, which held its inaugural meeting at the National Assembly Members’ Hall in Seoul, highlighted the importance of resolving regulatory uncertainty and addressing issues like stablecoin regulation.The new committee joins similar organizations in South Korea, including the Virtual Asset Committee launched in late 2024 and another public-private crypto task force introduced in 2022, both initiated by the Financial Services Commission (FSC).The Democratic Party is also set to introduce the Digital Asset Basic Act. The bill would establish a legal framework for cryptocurrencies and stablecoins, requiring issuers to hold at least 50 billion won in reserves and gain approval from the FSC.Magazine: Father-son team lists Africa’s XRP Healthcare on Canadian stock exchange

The pseudonymous co-founder of ScimitarCapital, Thiccy, shared a novel theory on Bitcoin price appreciation Tuesday by comparing Bitcoin’s global attention to that of gold. What gives Bitcoin value? A new way to think about it He argues that gold is valuable because it’s rare, durable, and has been trusted as money for thousands of years. The post Bitcoin price aligns with its 130 billion ‘life years’ of attention compared to gold appeared first on CryptoSlate.