The Bitget hack is a good reminder that crypto security isn’t just about protecting private keys.
Around $350M was drained from Bitget’s hot and warm wallets, but according to the exchange, the attackers didn’t actually obtain the private keys.
The more interesting part is how they reportedly compromised a backend wallet system, spoofed transaction data, and got fraudulent transfers through the authorization process.
Bitget CEO Gracy Chen also said preliminary IP/VPN and on-chain patterns look similar to previous North Korea-linked attacks.
That attribution is still being investigated, so I wouldn’t treat it as confirmed yet.
But the bigger takeaway is clear: In crypto, the attack surface isn’t always the wallet itself. Sometimes, it’s the system that tells the wallet what to approve.
Is XRP Ready to Take Off? Here’s Why the XRP Pair is Starting to Catch Traders' Attention
The crypto market is heating up, and one altcoin that is regaining attention is XRP. With a large market capitalization and a solid community, XRP is showing interesting technical and fundamental signals—especially when paired with USDT, BTC, and ETH. Why the XRP Pair is Worth Watching? Potential Technical Breakout XRP/USDT shows a bullish triangle formation and volume is starting to rise. If it breaks through key resistance around $0.65–$0.70, the potential for a rally could open wide. Ripple vs SEC Case Becomes Clearer
Alt Season Loading: Is Your Portfolio Ready to Welcome the Wave of Altcoins?
#AltcoinSeasonLoading After a massive Bitcoin rally in recent months, signals from the market are starting to show one thing that many crypto investors have been waiting for: Alt Season is loading. Alt season, or altcoin season, is a period when altcoins – cryptocurrencies other than Bitcoin – experience significant price surges, often outperforming BTC itself. This phenomenon usually occurs when Bitcoin's dominance begins to decline, giving room for altcoins to 'take center stage'.
although it is somewhat slowing down, Cardano #ADA is still in a good trend, meanwhile Bitcoin dominance also shows a graph that hopefully drops drastically haha, another alt will go to another cosmos 🤑😁 #bitcoin #bulishmomentum
Cardano looks interesting, if this is a valid bull flag pattern, then we will see a very massive movement from CARDANO #ADABullish #ADA lets to the another cosmos 💥
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Billionaire investor Bill Miller believes Bitcoin is 'significantly undervalued' in market cap
Miller argues that the flagship crypto asset is still highly undervalued and predicts major changes in global capital governance. Cover art/illustration via CryptoSlate. Images include aggregated content that may include AI-generated content. Cover art/illustration via CryptoSlate. Images include aggregated content that may include AI-generated content. Billionaire investor Bill Miller IV, Chairman and CIO of Miller Value Partners, reiterated his firm belief in Bitcoin in a June 11 blog post titled “Why I'm Still Betting on Bitcoin.”
Tether asserts nearly 75% dominance in the stablecoin market
According to Glassnode data, the stablecoin market continues to grow, with the combined market capitalization of the top five stablecoins surpassing $150 billion. Leading the way is Tether (USDT) , which has a market capitalization of $112 billion — cementing its dominance with nearly 75% market share, a level not seen since January 2021. Tether's significant holdings in US Treasuries highlight its critical role in this acquisition. US debt. Stablecoins: Aggregate Supply: (Source: Glassnode)
Sorotan Onchain DEFINITION: Bitcoin futures open interest (OI) is the total amount of funds allocated in open futures contracts. Bitcoin futures OI has seen a further rebound recently. As Bitcoin prices neared $70,000 earlier this year, futures OI reached unprecedented levels, signaling renewed investor interest and market engagement. CryptoSlate's previous insight highlighted that the rise in OI reflected a significant rebound in the futures market, following a period of decline post the FTX collapse, which had wiped out 40% of open contracts.
The Trump campaign is banking on crypto with a new donation page amid the changing political landscape
Crypto has become an important topic ahead of November's elections and the political landscape appears to be softening its stance on the industry.
Former President Donald Trump has begun accepting crypto donations for his re-election campaign, making him the first US Presidential candidate to adopt digital assets for funding.
“The addition of this innovative digital fundraising operation marks the first time a major party Presidential candidate has used cryptocurrency for donations.”
Available website information shows that crypto users can donate in various digital assets, such as Bitcoin , Ethereum , XRP, Cardano, Dogecoin, Shiba Inu and others.
Crypto has become an important topic ahead of the November election, with former President Trump and President Joe Biden expected to be the leading candidates for their respective parties.
The candidates have taken different stances on the burgeoning industry, with Trump openly supporting crypto and promising to encourage its growth through proper regulation. Trump stated:
“Democrats, like Biden and his successor Elizabeth Warren, continue to believe that only government has the answers to how our country leads the world.”
Ethereum ETF
On May 20, reports emerged that the US SEC might approve an Ethereum exchange-traded fund (ETF) — a major change from previous expectations.
Bloomberg Intelligence analyst Eric Balchunas noted that the SEC's turnaround may have been politically motivated, a view shared by many in the crypto community.
Despite initial skepticism of Cryptocurrency, the digital asset has continued to gain momentum and is now a vital part of the global financial landscape.
Here are Some Reasons Why Cryptocurrency Will Be Important
1. Security and Reliability
Cryptocurrency is powered by blockchain technology which has proven to be extremely secure.
Every transaction is recorded on a decentralized blockchain, making it extremely difficult to manipulate.
This makes it more reliable than traditional financial systems which are sometimes prone to security breaches and fraud.
2. Access to Global Finance
Cryptocurrency allows access to global finance without geographical boundaries.
This is crucial to opening the door to greater financial inclusion around the world.
3. Transparency
Blockchain technology offers an unprecedented level of transparency.
All transactions are recorded on the blockchain, and anyone can review these records. This reduces the potential for fraud and corruption.
4. Smart Contracts
Platforms like Ethereum allow for smart contracts that can be executed automatically when certain conditions are met. It has a wide range of applications, including in the legal industry, insurance, and more.
5. Technological Innovation
Cryptocurrency drives technological innovation. New projects continue to emerge with the aim of solving real-world problems and increasing efficiency in various sectors.
6. The Future of DeFi (Decentralized Finance)
DeFi is a major trend that involves the use of cryptocurrencies for various decentralized financial services such as lending, exchanges, and staking.
7. Transformation of the Financial Industry
Traditional financial firms are starting to adopt blockchain technology and cryptocurrencies.
Cryptocurrency has the potential to change the way we interact with finance and technology in the future.
While there are still challenges and doubts, its continued development and adoption suggest that cryptocurrency will be an important part of our future.