Tag: Million

Cross-Chain Protocol Gravity Bridge Falls To $5.4 Million Attack — Details

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Gravity Bridge, a Cosmos-native cross-chain protocol, was the target of a compromised-key attack, which led to the theft of roughly $5.4 million over the weekend. This latest security breach joins the growing list of exploits suffered in the decentralized finance (DeFi) space so far in 2026. Gravity Bridge Hack Traced To Signing Key Compromise: Investigator On Saturday, May 31st, blockchain sleuth Specter highlighted that Gravity Bridge might have been exploited through what he described as a signing key compromise. For context, a signing key compromise refers to the unauthorized disclosure…

Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn

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An exchange may have accidentally torched $8.5 million worth of Bitcoin — that’s one of the leading theories after an unidentified wallet sent 107 BTC to an address from which the funds can never be recovered. Related Reading Conor Grogan, head of product business operations at Coinbase, said the burn was most likely caused by an exchange that made an error during a cold storage transfer. No Public Explanation From Anyone Involved Five separate Bitcoin addresses carried out the transfers on Monday, all sending funds to a long-established burn address…

Samsung Affiliates Pay $408 Million for Upbit Operator Stake, Closing June 2026 – Bitcoin News

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Key Takeaways Regional news outlets report that Samsung affiliates will acquire a 4% Dunamu stake for 612.8 billion won ($408M), closing June 19, 2026. The deal gives Upbit, South Korea’s largest crypto exchange by volume, direct ties to major finance firms. Samsung Securities targets tokenized securities while Samsung Card eyes crypto payments via Monimo. Samsung Units to Acquire 4% Stake in Upbit Operator Dunamu Samsung Securities, Samsung SDS, and Samsung Card announced the deal on May 28, 2026, according to the Korea Herald and several other local outlets. The three…

Samsung Just Bet $408 Million On South Korea’s Top Crypto Exchange — And It’s Not Alone

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Three Samsung affiliates — Samsung Securities, Samsung SDS, and Samsung Card — announced on May 28 the combined acquisition of a 4% stake in Dunamu, the operator of South Korea’s dominant crypto exchange Upbit, for approximately 612.8 billion won or $408 million — the latest in a growing wave of South Korean financial institutions racing to secure strategic positions inside the country’s most valuable digital asset company. Related Reading The shares will be purchased from a group of Kakao-affiliated funds including Kakao Investment and Kakao Ventures, at a per-share price…

Cathie Wood Doubles Down On $1.25 Million Bitcoin Target

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ARK Invest CEO Cathie Wood has defended her bull case for Bitcoin reaching $1.25 million within five years, arguing that institutional allocation, digital-gold substitution and Bitcoin’s hard-coded scarcity remain the central pillars of the forecast. Speaking on Fox Business In Depth: The Crypto Campaign on May 26, Wood said ARK’s $1.25 million projection represents the firm’s bull case rather than its base case. The base case, she said, is “closer to $750,000.” But she framed the more aggressive target as a product of several overlapping shifts: younger investors treating Bitcoin…

SoFi Launches SoFiUSD Stablecoin for 15 Million Members as First US Bank on a Banking App – Bitcoin News

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Key Takeaways SoFi Bank launched SoFiUSD on May 27, 2026, making it the first U.S. national bank-issued stablecoin available on a banking app. Nearly 15 million SoFi members can now buy, hold, and convert SoFiUSD on Ethereum and Solana, with Bullish exchange access coming soon. SoFi plans to add FDIC-insured tokenized deposits and 24/7 cross-border transfers within weeks, expanding stablecoin utility across its full ecosystem. SoFi Opens SoFiUSD to 15 Million Users, Targets Cross-Border Transfers and Bullish Listing The San Francisco-based company announced the launch on May 27, giving members…

Two Bitcoin Wallets Deposit 1,650 BTC Worth $127 Million Into Falconx After a Year of Inactivity

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Key Takeaways Two dormant wallets moved 1,650 BTC worth $127M to Falconx on May 25. Falconx, a prime brokerage for institutions launched in 2019, handles custody, OTC trades, and block deals. Bitcoin was trading near $77,000 when the previously inactive wallets executed the transfer. Whales Wake up Large-scale bitcoin transfers from long-inactive addresses are among the most closely watched signals in crypto, and Monday’s movements have been no exception. Onchain data has revealed that two wallets (with no recorded activity for over a year) deposited a combined 1,650 BTC into…

XRP Declines 8%, But Whales Scoop Up 71 Million Tokens

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On-chain data shows the XRP whales have gone on a 71 million coin buying spree over the past week even as the asset’s price has dropped. XRP Whales Have Increased Holdings Recently In a new post on X, analyst Ali Martinez has talked about the latest trend in the supply held by whales on the XRP network. “Whales” refer to the entities holding a considerable amount of the asset in their wallet balance. These investors can carry some degree of influence in the market thanks to their large holdings, so…

Italy Traces €1 Million in Undeclared Bitcoin Ordinals Gains

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Key Takeaways Investigators linked Ordinals trading to more than €1 million in undeclared crypto-related gains. Exchange identity records helped connect pseudonymous wallet activity to verified individuals. The case highlighted how authorities can trace emerging bitcoin-based assets tied to undeclared taxable income. Italian Crypto Tax Investigation Focused on Ordinals Trading Italian financial investigators traced more than €1 million ($1.16 million) in undeclared crypto-related gains through a Bitcoin Ordinals trading operation, Chainalysis said on May 20. The case centered on a suspect accused of concealing digital asset income while also unlawfully receiving…

Whale With $24.79 Million Track Record Opens $21 Million in Longs Across Bitcoin, Ether, and Dogecoin

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Key Takeaways Wallet 0x152e opened $21M in longs across bitcoin, ether, and dogecoin in a 3-hour window on May 19. The address carries a $24.79M verified profit record, flagged by Lookonchain as a high-conviction trader. Limit orders on bitcoin and ether suggest the wallet is positioning for further accumulation at lower levels. One Wallet, Three Assets, Three Hours Onchain intelligence platform Lookonchain tracked wallet 0x152e opening a series of long positions on May 19 within a three-hour window. Here is the breakdown: 4,601 ether: approximately $9.82 million (at roughly $2,134…