Month: May 2026

Crypto Burglar Who Broke into Homes to Steal Hardware Wallets Gets 78 Months

boss

A 20-year-old California man has been sentenced to six and a half years in federal prison for his role in a crypto theft ring that defrauded victims of more than $250 million. Marlon Ferro, of Santa Ana, known online as “GothFerrari,” was sentenced to 78 months in prison alongside three years of supervised release and $2.5 million in restitution, the US Attorney’s Office for the District of Columbia said Wednesday. Ferro pleaded guilty in October 2025 to participating in a Racketeer Influenced and Corrupt Organizations (RICO) conspiracy. “Marlon Ferro served…

Bollinger Bands Creator Diverges With Traders as Bitcoin Breakout Begins

boss

Bitcoin (BTC) is attempting its first Bollinger Bands breakout in months, while creator John Bollinger is more bullish than some traders. Key points: Bitcoin faces stiff resistance as it attempts daily candle closes above the upper Bollinger Band. Volatility comes on cue after the Bands’ tightest-ever conditions last month. Creator John Bollinger takes advantage of positive trading signals as part of his investment program. Responses mixed as Bitcoin tests Bollinger Bands ceiling Data from TradingView confirms that on Wednesday, BTC/USD saw its second daily close above the upper Bollinger Band…

Crypto News From Consensus Miami: Arthur Hayes Latest Take on Bitcoin and Crypto Market

Arthur Hayes arrived at Consensus Miami 2026 with another crypto news headline: $125,000. The BitMEX co-founder and Maelstrom CIO used his keynote slot at CoinDesk’s flagship crypto news conference, running May 5–7 in Miami, to lay out a liquidity-driven bull thesis for Bitcoin that cut against the cautious tone dominating broader markets this year. Bitcoin has been trading in a consolidation range around the $70,000–$80,000 band, with analysts watching those levels as the immediate battleground between bulls and bears. Hayes argued that Q1 2026 amounted to what he called a…

Bitcoin reserves hit 2023 lows but is the bottom confirmed?

boss

Bitcoin reserves on major exchanges are shrinking again, as CryptoQuant analyst Amr Taha reported sharp declines on Binance, OKX, and Gemini since February. Summary Binance, OKX, and Gemini saw nearly 100,000 BTC leave reserves since February, tightening supply. Analysts say Bitcoin must reclaim $88,880 to confirm strength and reduce overhead selling pressure. Whale realized prices near $66,000 to $70,600 remain key support if Bitcoin weakens again. The three platforms have seen almost 100,000 BTC leave their reserves. At a Bitcoin price near $81,300, that equals more than $8 billion in…

Trusted Volumes Confirms $6.7M DeFi Resolver Exploit

boss

TrustedVolumes, an independent market maker and resolver used by 1inch Fusion, confirmed it was exploited and said about $6.7 million in stolen funds are being held across three Ethereum addresses. In a Thursday X post, the market maker said the stolen funds were split across three wallets, with two addresses each holding about $3 million and a third holding about $700,000. TrustedVolumes said it was open to “constructive communication” over a bug bounty and a “mutually acceptable resolution.” The confirmation came after Web3 security company Blockaid said its exploit detection…

Bitcoin ETFs pull in $1.7B in five-day inflow streak

boss

U.S. spot bitcoin exchange-traded funds have extended their inflow streak to five straight sessions, drawing nearly $1.7 billion as institutional demand has continued alongside Bitcoin’s recovery above $80,000. Summary Bitcoin ETFs have attracted nearly $1.7 billion during a five-day inflow streak led by strong demand for BlackRock’s IBIT. Bitcoin price climbed back above $81,000 as easing tensions between the U.S. and Iran improved investor appetite for risk assets. According to SoSoValue data, the group of spot bitcoin ETFs recorded $46.3 million in net inflows on Wednesday after BlackRock’s IBIT brought…

Hut 8 Surges 30% After Landing Second AI Data Center Lease Worth $9.8 Billion – Bitcoin News

boss

This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The Miami-based company said it signed a $9.8 billion triple-net lease for 352 megawatts of IT capacity at its Beacon Point campus in Nueces County, Texas. The unnamed tenant was described as a “high-investment-grade company” deploying infrastructure for AI training and inference workloads. The deal marks Hut 8’s second major AI data center commercialization after its previously announced River…

Bitcoin price reclaims $81K as Iran says U.S. peace proposal “under review”

boss

Bitcoin price rebounded back above $81,000 as investor risk-on sentiment improved after Iran signalled that it was reviewing a U.S. proposal to end the war between the two nations. Summary Bitcoin price rebounded above $81,000 after Iran said it was reviewing a U.S.-backed peace proposal that could reopen the Strait of Hormuz. Oil prices declined for a third straight day amid optimism around a potential U.S.-Iran ceasefire, supporting renewed risk appetite across crypto markets. Bitcoin’s Supertrend remained green while MACD formed a bullish crossover, with traders watching the $84,000–$85,000 zone…