Crypto news

A participant in Malone Lam's $250 million crypto theft syndicate receives a 78‑month jail term

Marlon Ferro, 20, aka GothFerrari, received 78 months in prison and $2.5 million restitution for stealing hardware wallets in a $250 million crypto theft. The ring, led by Singaporean Malone Lam, operated in multiple U.S. states and abroad from 2023‑2025. Ferro also bought luxury handbags for Lam’s girlfriend after the boss was arrested. Hackers breached iCloud accounts to locate victims, then sent Ferro to burglarize homes when remote hacks failed. Stealing hardware wallets proved cold storage can be overcome by physical intrusion. Targets were chosen from online displays of wealth, turning digital assets into a physical target. The FBI, D.C. U.S. Attorney’s Office and IRS‑CI led the probe, recovering a Glock 19. Prosecutors called the scheme a blend of cyber fraud and burglary, noting crypto crimes are not victimless. Ferro’s 2025 guilty plea and Evan Tangeman’s 70‑month laundering sentence underscore federal penalties.

VCI Global has executed a term sheet for a gold mining investment in Brazil.

Maintaining data accuracy is crucial for operational success. All recorded information must be rigorously vetted to ensure its reliability. Inaccurate data compromises decision-making processes across the board. Staff must follow established protocols when entering or modifying records. A mandatory cross-checking system should be implemented for all high-risk entries. Periodically auditing the data helps mitigate the introduction of errors and ensures continuous compliance.

Bitcoin ends the day above the Bollinger Band for the second consecutive day, reaching $85,000.

Bitcoin closed above the upper Bollinger Band for a second straight day, reaching $85,000. This marks the first consecutive breakout since January and points to heightened market momentum. Analysts caution that the bulk of liquidation risk now lies with long positions. The full report is available on COINTURK NEWS under the title “Bitcoin closes above Bollinger Band for second day at $85k.”

XRP's price tightens—could a breakout to $1.80 finally materialize?

XRP is trapped in a multi‑month consolidation with weekly 20‑ and 55‑day EMAs acting as firm resistance. The price sits below these averages, suggesting quiet strength building. A decisive break above the EMAs toward $1.80 would flip sentiment and cue a strong upside move. Until that break, the market remains in a low‑volatility hold. Trading around $1.41, XRP shows a classic bull‑flag on lower timeframes, indicating accumulation after prior gains. The pattern points to an initial target near $1.60, with potential to test higher resistance if buying persists. The 70‑day range still reflects balanced pressure, keeping direction uncertain. Nearby liquidity hotspots can attract short‑term spikes, adding volatility inside the broader bullish framework. Volume must rise and resistance be retested for a clear breakout. Without a catalytic event, XRP may continue rotating within its tight range.

Crypto Analyst: How Die‑Hard Hodlers Might React If XRP Reaches Six Figures Today

The crypto market rewards conviction yet exposes the emotional side of wealth. A heated exchange between Ripple executive David Schwartz and researcher BankXRP revived the “HODL forever” narrative. BankXRP challenged the belief that true believers would keep XRP even at six‑figure prices. The discussion spread rapidly on X, highlighting how sudden profit potential shifts sentiment. On May 5, 2026 Schwartz responded to criticism for past XRP sales, saying all investors share the same buying and selling opportunities. He noted he has also sold Bitcoin and Ethereum without similar backlash. Schwartz argues that selling is a personal financial decision, not a sign of weak conviction, and he rejects extreme price forecasts like $10,000 per token. His stance reflects the early Bitcoin ethos of financial freedom and choice. BankXRP points out that holding is easier when portfolios are underwater, but massive gains trigger profit‑taking to secure family wealth. The debate illustrates a broader clash between ideology and pragmatic wealth management within the XRP community. While conviction drives long‑term holding, managing large gains often demands different actions. Disclaimer: this summary is for informational purposes only.

The White House aims to pass the Clarity Act by July 4th, according to a crypto adviser.

The markup for the Senate Banking Committee is slated for this month. This timing leaves four legislative weeks in June for floor consideration, according to Patrick Witt.

Ethereum's price rebounds as the network reaches an $8 billion tokenized U.S. Treasury milestone

Ethereum is trading above $2,300, comfortably holding recent support. Tokenized U.S. Treasuries on the network have broken $8 billion, an eight‑fold rise in just 18 months. This surge, confirmed by Token Terminal, repositions ETH as a core piece of financial infrastructure rather than merely a speculative asset. A new stablecoin bridge launched on Ethereum, adding another liquidity layer as stablecoin inflows accelerate. Daily trading volume sits near $20 billion, with a 3 % weekly rebound, indicating buyers testing the $2,200 floor. Resistance clusters at $2,400 and $3,000; a volume surge could push ETH past $2,500, while a break below $2,200 might reopen a slide toward $2,000. Despite a 39 % drawdown from its all‑time high, ETH remains a recovery play for risk‑adjusted traders. Attention is also shifting to infrastructure projects like Bitcoin Hyper, which has raised $32.6 million in its presale to address Bitcoin’s speed, fee, and programmability limits. Early participants can earn staking rewards as the project targets a fast, low‑latency Layer 2 solution.

Pound Stays Steady as Hope for Iran Deal Offsets UK Election Doubts

The pound stayed near $1.27, preserving gains against the dollar and euro. Markets balance optimism over a revived Iran nuclear pact with uncertainty about a looming UK election. Mixed economic data and political doubts keep traders cautious, but sterling’s position remains steady. Progress in JCPOA talks could lift sanctions on Iranian oil, boosting global supply and easing energy prices. Lower energy costs reduce UK inflationary pressure and improve the trade balance, providing a tailwind for the pound. Nonetheless, past setbacks temper confidence, leaving the rally modest. An upcoming general election introduces risk to fiscal policy, Brexit‑related trade, and financial regulation. Traders view this as a “known unknown,” which may spark volatility as polls sharpen. Businesses are advised to hedge exposure, while the Bank of England watches for any impact on inflation and interest‑rate strategy.

China's DeepSeek AI leads the forecast for XRP, Bitcoin, and Ethereum prices by the close of 2026.

DeepSeek predicts Bitcoin reaching $85,000 to $92,000 due to supply shock. This growth is fueled by post-halving supply compression and robust ETF inflows. The model suggests reduced mining combined with institutional buying creates upward pressure. Similarly, Ethereum is targeted between $4,500 and $5,000. This prediction considers the Dencun upgrade, rising staking yields, and ETF speculation as key factors. DeepSeek targets XRP at $1.80 to $2.20. The central pillar of this bullish thesis is achieving definitive regulatory clarity. Without a resolution to the SEC situation, DeepSeek lowers the potential ceiling for XRP. For both BTC and ETH, realizing the higher targets depends on the asset holding key structural support levels. The market needs confirmation across the board before major breakouts can occur. All predicted gains are tied to specific market milestones and regulatory catalysts. Bitcoin needs to sustain strength above $78,000 to proceed toward its target range. Ethereum requires a lift above $2,400 to validate its fundamental case. The model shows that while bullish narratives are strong, the market has not yet fully committed to these elevated price levels.

Vitalik Buterin Becomes the Target of a Sandwich Attack, Yet It Passes Unnoticed

Even if you build the network, you can still become a target of an MEV attack.

Bitcoin’s price recovered, and five free 2026 platforms for Bitcoin cloud mining and XRP access have drawn interest, offering simple ways to generate passive income.

The recent upswing in Bitcoin’s price has refocused attention on the broader digital‑asset market. Investors are once again exploring platform‑based solutions such as Bitcoin cloud mining and other crypto service entry points. As market volatility eases, a modest revival of risk appetite is evident. Hosted participation tools, app‑style dashboards, and infrastructure‑centric platforms are drawing new users seeking convenient crypto exposure. In 2026, five free Bitcoin cloud‑mining and XRP access platforms emerged, promoting simple ways to generate passive income. This growing interest highlights the appeal of low‑barrier entry points for both newcomers and seasoned traders.

Cardano’s founder applauds the extensive Monero upgrade that has been years in development

The founder of Cardano lauded the Monero team for their persistent efforts over the years in developing the upgrade.

Bitcoin just missed a major breakout, and past patterns suggest proceeding with caution.

This provides a preview of the projected market conditions for May 7, 2026.

Core Scientific acquires Polaris Bitcoin mine for $421 million, fueling AI power growth in Oklahoma

Core Scientific (NASDAQ: CORZ) is significantly expanding its presence in Oklahoma. The company achieved this expansion by acquiring a nearby bitcoin mining facility for $421 million. This substantial acquisition supports Core Scientific's effort to gather gigawatt-scale power capacity. The goal is to meet the increasing demand generated by customers involved in artificial intelligence and high-performance computing.

Morning Brief: Morgan Stanley Sets Its Sights on Coinbase

Morgan Stanley has introduced cryptocurrency trading on the E‑Trade platform. The White House is urging that the Clarity Act be signed by July 4.

Ripple's public offering stays paused owing to stringent US regulations.

Ripple’s ambition for a $40 billion initial public offering remains blocked by U.S. regulatory restrictions. Company executives have indicated that a market listing is not planned in the short term. The article, titled “Ripple IPO remains on hold due to strict US rules,” was originally published by COINTURK NEWS.

TrustedVolumes DeFi platform suffers a $6.7 million exploit

The liquidity resolver, which supports numerous DeFi protocols, experienced a breach. However, the DEX aggregator 1inch reported that its own operations remain unaffected.

Tyler Winklevoss Confirms Potential $9,700 Zcash Valuation, Drawing Parallels Between ZEC, Gold, and Bitcoin

Tyler Winklevoss has backed a theoretical price target of $9,700 for Zcash (ZEC). Forecasts suggest ZEC could capture roughly 10% of Bitcoin’s market share, yet it is still about 22% below its projected 2025 peak, a dip occurring amid rising concerns over AI surveillance.

1inch Remains Apart from the $6.7M TrustedVolumes Exploit

TrustedVolumes, a market maker used by decentralized exchanges, suffered a major exploit resulting in the loss of approximately $6.7 million. The stolen assets included popular cryptocurrencies such as Wrapped Ether, USDT, Wrapped Bitcoin, and USDC. Security firms confirmed the attack targeted the company’s swap infrastructure. The stolen funds were found distributed across multiple Ethereum wallets. Security experts determined that the vulnerability allowed the attacker to exploit a publicly accessible function. This allowed the malicious actor to register themselves as an approved order signer. Once authorized, the attacker could execute detrimental orders, successfully draining funds from the system. The incident highlights serious operational risks within the decentralized finance ecosystem. While TrustedVolumes was compromised, the main systems and user funds of the connected 1inch platform remained unaffected. Experts emphasized that ordinary 1inch users were not put at risk by this exploit. The incident nevertheless underscores industry-wide weaknesses, particularly the lack of robust monitoring systems or circuit breakers. Furthermore, the event signals the critical risks associated with third-party infrastructure providers.

Artificial intelligence forecasts Bitcoin’s price for the next week amid a bullish stock market rally.

The Finbold AI Agent forecasted Bitcoin to average $82,190 by May 14, 2026, a 1.57% increase. Its projection ranged from a low of $78,357 to a high of $84,000. The forecast combined Claude Opus, DeepSeek Chat, Gemini 3 Flash, GTP‑5.2 and Grok 4.1 models. Technical indicators such as MACD, RSI and the 50‑ and 200‑day SMAs informed the estimate. A bullish breakout supported by a short squeeze could lift prices, according to the AI analysis. However, heavy bearish positioning forced a rejection near $82,792. In the last 24 hours Bitcoin rose over 1.26% while staying below $80,920. Some analysts warn the bounce may be a dead‑cat trap for cautious traders. The broader stock rally, led by Super Micro Computer, suggests a possible bull market. Bitcoin’s recent uptick may be short‑lived if skepticism persists. Trading expert Michael van de Poppe cautioned the recovery could turn into a temporary bounce. The report highlighted the interplay between equity momentum and crypto price movements.

Ripple's CEO calls the bond settlement sluggish and flawed, noting that the XRP Ledger is engineered to serve as the unified source of truth for the transition.

Today's bond transfers are far from instant, typically requiring one to two days to complete. The process passes through brokers, custodians, clearinghouses and settlement agents, each adding time, cost and error risk. Manual reconciliations and legacy infrastructure keep the system slow and arcane. On the XRP Ledger, a validated transaction finalizes ownership in seconds, eliminating the multi‑party confirmation chain. The ledger itself acts as a single source of truth, making settlements irreversible once consensus is reached. This speed cuts out the traditional delays and reduces operational overhead. When bonds are issued as digital tokens they can be transferred like any crypto asset, allowing fractional ownership and deeper liquidity. Ownership verification becomes instantaneous, removing end‑of‑day reconciliations. Fewer intermediaries streamline the market and lower settlement costs. The SEC has signaled support for blockchain‑based tokenization frameworks, paving the way for regulated digital bonds. A cross‑bank, cross‑border redemption of tokenized U.S. Treasuries involving Ripple, JPMorgan, Ondo Finance and Mastercard demonstrates practical use. If such pilots scale, bond markets could become faster, simpler and fully transparent.

Bitcoin whales offload $205 million — can the bulls keep BTC above $79 K?

Bitcoin whales disposed of 2,521 BTC, valued at approximately $205.26 million, and secured a profit of about $13.5 million.

A major XRP holder has initiated a $1.43 million long at $1.42, hinting that a significant move may be imminent.

A $1.43 million long position on XRP at $1.42 was highlighted by crypto commentator Steph is Crypto. The trade surfaced amid volatile crypto markets and near a key support‑resistance zone, prompting bullish chatter on X. Some traders see the move as confidence in an upcoming breakout, while others warn that large whale trades often reflect short‑term speculation rather than lasting direction. XRP stays in focus in 2026 due to Ripple’s expanding cross‑border payment network and active derivatives markets. On‑chain data shows continued accumulation by large wallets, indicating growing interest from sophisticated investors. Bitcoin’s consolidation has driven capital rotation toward liquid large‑cap altcoins like XRP, reinforcing its market prominence. The timing and size of the whale position have heightened attention on whether XRP can hold above $1.40 and push toward higher resistance. Analysts caution that a single trade does not guarantee a rally, but it underscores heightened confidence or risk appetite. Traders now monitor support levels while remaining aware of broader market volatility.

XRP soars after Ripple secures a groundbreaking partnership with JPMorgan and Mastercard.