Crypto Gift Card Shop Bitrefill Reports Breach, Suspects North Korea Link

Bitcoin holders are experiencing net realized losses for the first time since October 2023, with approximately 69,000 BTC totaling $6.18 billion in losses. Analysts suggest short-term holders are selling, potentially signaling a shift from the previous bullish trend.

Capital One has agreed to acquire fintech firm Brex in a $5.15 billion stock-and-cash deal, expanding its presence in business payments and expense management. The acquisition reflects the increasing competition between traditional banks and fintech providers in offering automation and speed.

Coinbase is forming an independent advisory board to address future quantum threats to blockchains like Bitcoin and Ethereum. The board will assess risks, issue guidance, and provide analysis on quantum computing developments. This move reflects the increasing pressure on firms to develop post-quantum security measures.

Bitwise launched an ETF, BPRO, in partnership with Proficio Capital Partners, focusing on assets like gold, silver, platinum, palladium, mining equities, and Bitcoin. The fund aims to benefit from the erosion of fiat currencies and adjusts its exposure based on market conditions.

DeFi Development Corp. faced insider trading allegations after a trader bought $4,000 of its Solana meme coin before public launch, making over $1 million. The firm confirmed the trader's identity, but did not address connections to the company.

Ripple CEO Brad Garlinghouse predicts new all-time highs for crypto in 2026, with Bitcoin potentially reaching $180,000. He anticipates positive momentum for the industry, especially with the potential passing of the CLARITY Act.

President Donald Trump filed a $5 billion lawsuit against JP Morgan, alleging the bank closed his accounts due to political reasons. The lawsuit accuses JP Morgan of debanking Trump and his businesses in early 2021 for political and social motivations.

BitGo executives rang the opening bell at the NYSE for their IPO, pricing shares at $18 each. The company offered over 111 million shares, potentially raising $213 million at a valuation close to $2 billion.

Strategy's perpetual preferred equity now surpasses its convertible debt, creating a $14 billion financial shield with potential risks. The company's strategy involves selling ownership shares that pay fixed dividends indefinitely, funded by selling more shares or Bitcoin appreciation.

South Korea's major financial institutions are forming alliances to prepare for stablecoin issuance once the government lifts the ban next month. Hana Financial Group initiated an alliance, with other groups like BNK Financial Group and Standard Chartered Bank Korea joining in. The government aims to finalize legislation by the end of next month.