The mining firm has raised $6 million and is set to dump Bitcoin in favor of Ethereum, targeting tens of millions in ETH reserves by year-end.

BTC Digital ditches Bitcoin for Ethereum in ‘transformative’ shift

As the market soars with bullish momentum, crypto theft has also seen a 
record-breaking performance during the first half of this year. A recent 
report revealed that stolen funds from services so far have surpassed the 
numbers from previous years. Related Reading: Crypto Relief: House Advances 
GENIUS, CLARITY, Anti-CBDC Bills After Narrow Vote Stolen Crypto Service Funds 
Hit $2B In 6 months On Thursday, Chainalysis shared its “2025 Crypto Crime 
Mid-Year Update,” revealing that digital assets theft this year has been “more 
devastating” than the entirety of 2024, with over $2.7 billion worth of funds 
stolen from crypto services so far. The report noted that, by the end of June, 
more value had been stolen year-to-date (YTD) than during the same period in 
2022, the previous worst year on record, suggesting that theft from crypto 
services could potentially increase another 60% by year’s end. 2025’s YTD 
activity shows a significantly steeper trajectory into the end of the first 
half than any previous year, with an alarming velocity and consistency. 2022 
required 214 days to hit the $2 billion mark in value stolen from services, 
while 2025 reached comparable theft volumes in 142 days. Additionally, 2025 is 
17.27% worse than 2022 during the same six-month period, while 2023 and 2024 
saw more moderate and steady accumulation patterns. The surge in the 
cumulative trend value from crypto services theft “paints a stark picture of 
2025’s escalating threat environment.” According to the report, “If this trend 
continues, we could see 2025 end with more than $4.3 billion stolen from 
services alone.” However, it’s worth noting that the North Korean-linked $1.5 
billion hack of Bybit accounts for most of the service losses. The massive 
breach, which is the largest crypto hack in history, signals a “broader 
pattern of North Korean cryptocurrency operations, which have become 
increasingly central to the regime’s sanctions evasion strategies.” Last year, 
known North Korean-related losses reached their highest number, with the value 
reaching $1.3 billion. Nonetheless, Bybit’s February hack surpassed it, making 
2025 the worst year to date. Personal Wallet Attacks Surge Amid the shifting 
landscape, the report highlights that the surge in crypto thefts represents an 
immediate threat to participants. Notably, attackers are increasingly 
targeting individual users, as personal wallet incidents represent a growing 
share of total ecosystem theft. YTD, these compromises account for 23.35% of 
all stolen funds activities in 2025, with Bitcoin (BTC) theft accounting for a 
substantial share of stolen value. Chainalysis also found that the average 
loss from compromised personal BTC wallets has increased, suggesting a 
deliberate target on higher-value individual holdings. Moreover, the number of 
individual victims on non-Bitcoin and non-EVM chains, like Solana, is 
increasing. This suggests that Bitcoin holders experience larger losses in 
terms of value taken, despite being less likely to fall victim to targeted 
theft. Related Reading: SUI Eyes 140% Move As Price Reclaims $4 – New ATH 
Imminent? Within the personal wallet incidents, a violent subsection has also 
seen a dramatic surge this year, showing a correlation with BTC price 
movements and suggesting opportunistic targeting during high-value periods. 
The forward-looking implication is that, if the value of native assets 
increases, the value compromised from personal wallets will also likely rise. 
Per the report, theft using physical violence or coercion against individuals, 
also known as “wrench attacks,” could potentially hit twice the number of 
2021, the next highest year on record. As of this writing, Bitcoin is trading 
at $119,807, a 14.8% increase in the monthly timeframe. Featured Image from 
Unsplash.com, Chart from TradingView.com

2025 Crypto Thefts Spike: Stolen Funds Hit $2.7 Billion In H1– Report

Traders on X celebrate as Ethereum bounces back to the $3,650 threshold and 
beyond. The rally is believed to be fueled by mounting institutional demand as 
ETH is likened to &#8216;digital oil.&#8217; On July 18 at around 6:30 AM UTC,…

Traders rejoice as Ethereum surges beyond $3,650 amidst institutional demand for ‘digital oil’

The U.S. Department of Justice has sentenced a former rugby player to 30 
months in prison for defrauding investors out of $900,000 in a crypto mining 
Ponzi scheme. Shane Donovan Moore, a 37-year-old semi-professional rugby 
player from Seattle, operated a…

Over 40 investors defrauded in $900K crypto scam run by ex-rugby player

Tether’s flagship stablecoin USDT is expanding at a record pace, even as new 
U.S. legislation threatens to complicate its future in the world’s largest 
financial market. Its market cap recently reached an all-time high of $160 
billion, driven largely by…

Tether in tight spot after U.S. stablecoin bill passes, but USDT growth defies odds

Australian fintech startup Block Earner has launched what it calls the first 
bitcoin-backed home loan, allowing Australians to use their bitcoin ( BTC) as 
collateral for a home deposit without selling it. The firm offers up to 50% of 
a property’s value as a deposit loan, secured by the borrower’s bitcoin, which 
is held in […]