Coindesk

A Nigeria-based scammer posing as Steve Witkoff, a long-time ally of U.S. President Donald Trump and co-chair of the Trump-Vance Inaugural Committee, stole approximately $250,000 in crypto from a would-be political donor, according to a recent press announcement from the U.S. Attorney’s Office for the District of Columbia.According to court documents, the scammer created a spoofed email address that closely resembled Witkoff’s legitimate Trump-Vance Inaugural Committee email address, and was able to trick at least one donor into depositing $250,000 worth of USDT.ETH into the scammer’s wallet. Though the scammer then took steps to launder their ill-gotten gains, the Federal Bureau of Investigation (FBI) was able to recover and freeze 40,300 USDT.ETH, half of which was found in a Binance...

Bitcoin miner BitFuFu (FUFU) produced 445 bitcoin in the month of June — an 11.3% jump from May — while expanding its infrastructure across five continents.The Singapore-based miner’s total hashrate under management rose to 36.2 exahashes per second (EH/s), up 6.2% month over month. This includes 3.8 EH/s from BitFuFu’s own operations and 32.4 EH/s from third-party suppliers and hosting clients. Power capacity under management climbed 11.8% to 728 megawatts (MW), reaching its highest level yet.Cloud mining continues to be the company’s primary revenue engine, accounting for 387 of the 445 bitcoin mined in June. Self-mining contributed 58 BTC, up 34.9% from May. The firm added 83 BTC to its balance sheet, bringing total bitcoin holdings to 1,792.“June was our...

Listed companies are rapidly transforming into bitcoin treasury vehicles, raising capital to buy BTC and hold it on their balance sheets. With bitcoin increasingly seen as a potential global reserve asset, gaining institutional traction and strong price expectations, this trend might seem sound. But there’s a problem: most of these companies have acquisition plans without a business plan.Why buy at a premium when you can buy bitcoin directly?Almost any investor can buy bitcoin directly, either spot or via ETFs. So why invest through a listed company trading at a significant premium to the net asset value (NAV) of its bitcoin?The short answer is: you shouldn’t, unless the company has a clear strategy for putting its bBitcoin to work in a...

Internet Computer (ICP) exhibited notable resilience over the past 24 hours, weathering a volatile trading session shaped by broader macroeconomic uncertainty. After falling to $4.78, the token rebounded to nearly $4.85, ultimately settling at $4.7771, down 0.98% on the day.ICP has respected its key support level at $4.80, which was tested and confirmed multiple times throughout the session, according to CoinDesk Research's technical analysis data. This level has become a critical pivot zone for traders eyeing potential upside if broader sentiment continues to improve.Macro factors remain influential across the crypto landscape. While geopolitical tensions have unsettled markets, bitcoin's return to $109,000 during the Asian morning sparked volume increases across multiple assets, including ICP, despite relative price stability.ICP’s ability to bounce...

BNB Chain’s native token (BNB) held steady near $660, shifting in a narrow band of less than 1% over the past 24 hours. The lack of volatility underscores a pattern of consolidation.BNB is trading at $659.61, down just 0.5% for the day, with buyers stepping in repeatedly around $659.45. Sellers, meanwhile, blocked advances beyond $664.38, a price ceiling that traders are eyeing as a potential launchpad for a breakout if macroeconomic pressures ease, according to according to CoinDesk Research's technical analysis model.On-chain data points to mixed sentiment among traders. Funding rates, the fees paid between traders in perpetual futures markets, have slipped lower, a signal that traders are hedging rather than chasing after bitcoin’s recent rally above $109,000.Corporate adoption is...