Blockchain investigator ZachXBT uncovered a massive $330 million Bitcoin theft targeting an elderly American citizen. The theft, involving 3,520 BTC, was executed through a social engineering attack, making it one of the largest crypto thefts from an individual. ZachXBT’s investigation traced the stolen funds, highlighting the risks associated with targeted scams in the cryptocurrency space.
Crypto prediction markets are reflecting increased concerns about a U.S. recession in 2025. This follows the release of economic data showing the U.S. economy contracted by 0.3% in the first quarter. The article highlights how these markets are interpreting this data as a sign of growing recession probabilities, indicating a shift in investor sentiment towards economic uncertainty.
FIFA, the global football governing body, is developing its own blockchain network compatible with the Ethereum Virtual Machine (EVM). This move involves migrating its NFT platform, FIFA Collect, from the Algorand network. The shift signifies FIFA’s continued investment in Web3 technologies and blockchain for its digital collectibles.
The cryptocurrency market saw a massive increase in failed tokens during the first quarter of 2025. A CoinGecko report revealed that almost 2 million digital assets were abandoned or collapsed within the first three months of the year, representing nearly half of all token failures recorded. This surge highlights the volatility and risk associated with the crypto market.
The TON Foundation, in collaboration with Libre, has launched a $500 million tokenized bond fund linked to Telegram. The Telegram Bond Fund (TBF) offers blockchain-based access to institutional-grade yield opportunities, representing TON’s entry into the real-world assets (RWA) space. The fund aims to provide investors with exposure to traditional financial markets through tokenized bonds.
The US GDP shrank by 0.3% in the first quarter of 2025, according to the Commerce Department’s advance estimate, raising concerns about potential stagflation. While underlying demand, as measured by real final sales to private domestic purchasers, showed a 3.0% increase, the price index for gross domestic purchases accelerated to 3.4%. The article also notes that Bitcoin’s price remained flat following the news.
The upcoming release of the US Q1 GDP data, expected at a weak 0.3% growth, contrasts with significant investment in Bitcoin. The article suggests that Bitcoin may outperform the stalling US economic growth. The analysis points to a potentially sluggish economic performance for the first quarter of 2024, with the market closely watching the impact on Bitcoin’s performance, particularly its realized cap, which is at an all-time high.
BlackRock, the world’s largest asset manager, plans to integrate blockchain technology into its operations. It filed with the SEC to introduce “DLT Shares” linked to its $150 billion money market fund. This move signifies the continued convergence of traditional finance and blockchain, potentially offering new efficiencies and access to investors.
DWF Labs, a Web3 investor and market maker, will serve as the official market maker for JST, the governance token of the JUST ecosystem, which is built on the TRON blockchain. The collaboration with the JUST Foundation aims to increase liquidity for JST. This partnership signals expansion efforts for the JUST ecosystem, with DWF Labs providing crucial support for its token.
The SEC has concluded its investigation into PayPal’s PYUSD stablecoin, deciding against enforcement action. This outcome, revealed in PayPal’s Q1 2025 financial report, resolves a subpoena issued in November 2023 and alleviates regulatory concerns surrounding the dollar-backed cryptocurrency. This positive development removes a significant hurdle for PYUSD’s market presence.