Major Cyberattack Hits Coinbase

Coinbase, a leading U.S. cryptocurrency exchange, disclosed a significant data breach where hackers accessed partial customer data, including social security numbers and bank details. The attackers demanded a $20 million ransom, which Coinbase refused to pay. The breach is expected to cost the company between $180 million and $400 million. Investigations revealed that some overseas support agents were bribed to assist in the breach; those employees have been terminated.

Market Movements

• Bitcoin (BTC): Currently trading at $103,030, down 0.51% over the past 24 hours.
• Ethereum (ETH): Priced at $2,535.66, experiencing a 2.74% decrease.
• BNB (BNB): Trading at $651.57, down 0.29%.
• XRP (XRP): Valued at $2.45, a 4.30% decline.
• Cardano (ADA): At $0.7678, down 4.11%.

Notably, over $3.1 billion in Bitcoin and Ethereum options are set to expire today on Deribit, which could lead to increased market volatility.

Regulatory Developments Boost Market Confidence

Recent reforms by the U.S. Securities and Exchange Commission (SEC) have accelerated crypto market confidence. Bitcoin saw a notable uptick of 3.2%, trading at $68,500 on major exchanges like Binance and Coinbase, reflecting a positive market response to these developments.

Token Highlights

• Mines of Dalarnia (DAR): The token’s price surged over 600% ahead of its delisting from all Coinbase platforms today at 2:00 PM UTC.
• Vaultro Finance: Set to unveil the first decentralized index fund dashboard on the XRP Ledger, marking a significant development in DeFi.
• Shiba Inu (SHIB): Currently trading around $0.00001486 after a recent decline, with bulls attempting to hold this area as support.

Institutional Adoption & Strategic Reserves

The U.S. government’s establishment of a Strategic Bitcoin Reserve, as per an executive order signed by President Trump in March 2025, underscores the growing institutional adoption of cryptocurrencies. The reserve is funded by the Treasury’s forfeited bitcoin holdings, estimated at around 200,000 BTC.

Key Deadlines Today

• Terra Luna Loss Claim Portal: The portal for filing claims related to Terra Luna losses closes today.
• Coinbase Token Delistings: Effective today, Coinbase will delist five tokens, including Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ), due to protocol upgrades.