The S&amp;P 500 rose 0.7% Friday, closing out a strong week as investors looked past weak consumer sentiment data and persistent inflation concerns. The index posted a 5% gain for the week, its best since November 2023, as tech stocks…

Dow jumps 330 points as S&P 500 logs strong weekly gain

The DOJ handed down a prison sentence after the SEC’s social media was hacked 
to falsely announce bitcoin ETF approval, briefly sending crypto markets into 
overdrive. DOJ Sentences Hacker for SEC X Breach and Bitcoin ETF Hoax The U.S. 
Department of Justice (DOJ) announced on May 16 that a resident of Huntsville, 
Alabama, has been […]

Hacker Jailed for Posting Fake Bitcoin ETF News on SEC’s X Account

Paraguayan law enforcement has deported three individuals and arrested another 
for attempting to steal crypto miners at a facility near the country&#8217;s Itaipu 
hydroelectric dam.
According to a May 15 statement from Paraguayan prosecutor Irene Rolon**,** 
the men were caught by police soon after breaking into a locked section of 
Teratech SA&#8217;s facility in Coronel Bogado, leading to their arrest.
Prosecutors believe the men may have had ties to Teratech as independent 
contractors, but are still waiting on official confirmation from the company&#8217;s 
CEO.
The three deported were Chinese nationals Jinping Duan, Tian Jianyun and Zheng 
Guanglong, who did not have official entry records into the country. 
Paraguayan authorities and Interpol believe the men illegally entered through 
Brazil or Bolivia.
_The three deported Chinese nationals pictured before leaving the country. 
Source:__PDS Radio Y TV Digital_
The other person arrested, Nahun Maria Velazquez Garcete, is a legal resident 
in Paraguay but is believed to be part of a criminal organization.
He has been charged with aggravated theft and is currently in pretrial 
detention.
The arrested individual was hospitalized in critical condition soon after the 
arrest, but the injuries sustained weren&#8217;t disclosed.
Paraguayan officials believe other individuals were involved in the attempted 
theft and are working to identify those people. As such, the case is still 
under investigation.
## Deportees may have been working illegally for months
Rolon**** believes the undocumented immigrants had been in Paraguay for 
several months and had come to work as programmers. However, it isn&#8217;t clear 
whether that work was performed for the company.
Paraguayan officials are waiting on a report from Teratech&#8217;s CEO to determine 
the exact nature of his relationship with the three men.
_**Related:**__**Bitcoin miner Hive taps Paraguay for low-cost energy 
partnership**_
Paraguay is considered well-suited for crypto mining operations due to its 
abundant renewable energy resources, much of which is underutilized.
The Itaipu dam has become a popular site for miners to set up, as it supplies 
all of Paraguay&#8217;s local electricity needs and leaves a large amount of excess 
electricity to tap into.
_**Magazine:**__**Korea to lift corporate crypto ban, beware crypto mining 
HDs: Asia Express**_

Paraguay deports three undocumented immigrants after crypto mining theft attempt

On-chain data shows the profit margin of the Bitcoin long-term holders is 
currently the same as when BTC was still $85,000. Here&#8217;s what&#8217;s behind this. 
Bitcoin Long-Term Holder NUPL Has Returned To 0.69 In a new post on X, the on- 
chain analytics firm Glassnode has talked about the trend in the Net 
Unrealized Profit/Loss (NUPL) for the Bitcoin long-term holders. The NUPL is 
an indicator that keeps track of the difference between the unrealized profit 
and unrealized loss held by the BTC investors as a whole. Related Reading: 
Bitcoin Could See Short-Term Holder Selloff Around These Levels, Analyst Says 
When the value of this metric is positive, it means the holders are carrying 
more profit than loss. On the other hand, it being under zero suggests the 
average address is underwater. In the context of the current topic, the NUPL 
of the entire network isn&#8217;t of relevance, but rather that of just one segment 
of it: the long-term holders (LTHs). The LTHs refer to the BTC investors who 
have been holding onto their coins since more than 155 days ago. Now, here is 
the chart shared by the analytics firm that shows the trend in the Bitcoin 
NUPL for the LTHs over the past year: As is visible in the above graph, the 
Bitcoin LTH NUPL has remained above the zero level for the past year, implying 
that the HODLers of the market have stayed in the green. But naturally, as the 
BTC price has shown some volatile moves in this period, the indicator&#8217;s value 
has also witnessed some fluctuations. From the chart, it&#8217;s apparent that the 
bull run at the end of 2024 took the indicator into an extreme territory, but 
the market downturn this year resulted in a cooldown for it. With the recent 
price recovery run, the metric again noted a reversal, but even at its peak, 
it still couldn&#8217;t come close to touching the high from the earlier bull run. 
An interesting trend has followed since this latest peak in the Bitcoin LTH 
NUPL; the indicator has observed a sharp retrace, despite the fact that the 
coin&#8217;s value has only been moving flat in this window. The metric is now 
sitting at 0.69, which is the same level as back at the start of April, when 
the cryptocurrency was still just trading around $85,000. What&#8217;s making it so 
that HODLer profitability is the same today despite the price being notably 
higher? And what&#8217;s the reason for the latest decline in the metric even though 
the price has been going sideways? Related Reading: Ethereum Bullish Signal: 
$1.2 Billion In ETH Leaves Exchanges The answer to these questions lies in 
what the LTH group represents. As mentioned earlier, this cohort includes 
investors who purchased their Bitcoin within the past 155 days. This five- 
month cutoff now includes the buyers from December 2024. In other words, the 
promotion of these top buyers into the group has diluted the unrealized gain 
among its members. BTC Price At the time of writing, Bitcoin is floating 
around $103,500, up over 1% in the last 24 hours. Featured image from Dall-E, 
Glassnode.com, chart from TradingView.com

Bitcoin Up $18,000, But HODLer Profits Same As On April 1—Here’s Why

The incident highlights the urgent need for robust cybersecurity measures to 
protect financial markets from manipulation and fraud.
The post Man gets 14 months in jail for role in SEC&#8217;s X account hack that 
pumped fake Bitcoin ETF hype appeared first on Crypto Briefing.

Man gets 14 months in jail for role in SEC’s X account hack that pumped fake Bitcoin ETF hype

The SEC is warning against FOMO as crypto mania intensifies, even as 
institutional adoption skyrockets and U.S. policy shifts cement digital assets 
as a financial cornerstone. SEC Cautions Against FOMO as Crypto Sees 
Relentless Institutional Inflows The U.S. Securities and Exchange Commission 
(SEC) reminded investors this week to steer clear of emotional decision-making 
driven by […]