Crypto Casino Yeet.com Raises $7.75 Million Led by Dragonfly

BTCS is offering a one-time payment to investors who make their shares illiquid to combat short sellers. The company's shares rose 9% to $4.81, despite trading at a discount relative to its crypto holdings.

The crypto market is experiencing a widespread correction, with Bitcoin, XRP, and Ethereum all seeing drops. Liquidations of over $500 million occurred, with Bitcoin's recent run to $124,500 leading to a necessary reset in overheated positioning.

Lumma Stealer malware, distributed through fake Captcha prompts, targets sensitive data like cryptocurrency wallet credentials. The malware, part of Malware-as-a-Service, has caused significant financial losses and poses a persistent threat to cybersecurity.

Spexi, a startup based in Vancouver, BC, is revolutionizing Earth observation by deploying a blockchain-verified imaging network using microdrone pilots. This decentralized approach offers real-time, cost-effective, and scalable solutions for various industries.

Liquid funds in crypto markets, like those managed by CoinFund and Pantera Capital, operate similarly to traditional hedge funds by trading publicly-tradable tokens. These funds source liquidity via OTC desks and utilize sophisticated trading systems for precise execution.

Metaplanet Inc. increased its Bitcoin holdings to 18,888 BTC by purchasing an additional 775 Bitcoin for $93 million. The company's average purchase price per Bitcoin now stands at $102,000.

Major institutions like Brevan Howard, Goldman Sachs, and Harvard have significantly increased their Bitcoin exposure, with billions poured into spot ETFs and related crypto equities. Despite this, the average professional fund manager in the U.S. has minimal crypto allocation, with 75% having no exposure.

Ethereum's drop below $4,300 triggered a market reaction, causing over $487 million in long positions to vanish and leading to significant losses for altcoins like Hyperliquid (HYPE) and Sui (SUI). Analysts attribute the sell-off to a natural correction after a strong rally, with Bitcoin's decline exacerbating the situation.

Charles O. Parks III, also known as "CP3O," has been sentenced to one year and one day in prison for a large-scale illegal "cryptojacking" scheme that defrauded cloud computing providers of over $3.5 million in resources to mine nearly $1 million in cryptocurrency.

Bitcoin experienced a 2.6% drop following a recent rally to new all-time highs, with analysts attributing the decline to profit-taking and uncertainty surrounding the Russia-Ukraine conflict. Derivatives data suggests traders closed profitable positions, leading to a decline in open interest and volume delta.