⚡ JUST IN: Strategy buys 34,164 Bitcoin for an aggregate purchase price of $2.54 billion.

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The Trump administration is returning $166 billion in tariffs imposed last spring after a court ordered the government to refund the collected funds.

More than 3,000 importing companies have filed claims for compensation, but only importers will receive payments, not ordinary consumers.

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Coinbase and Bybit are negotiating a partnership to tokenize US public and pre-IPO stocks, with Coinbase providing access to US assets and Bybit offering reach to Asian audiences.

Bybit is also preparing to enter the US market through a new legal entity.

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⚡ JUST IN: KELP DAO is preparing a memo blaming LayerZero for Saturday’s $292 million rSETH exploit, citing reliance on LayerZero’s documentation, default configurations, and team guidance when setting up the bridge.

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⚡ JUST IN: X is currently experiencing outages affecting its platform functionality.

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There’s a very thin line between patience and wasting your time.

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⚡ JUST IN: Arbitrum announced that the Arbitrum Security Council has taken emergency action to freeze 30,766 ETH held in an address on Arbitrum One linked to the KelpDAO exploit.

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⚡ JUST IN: 1,000,000,000 USDT was minted at Tether Treasury.

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Michael Saylor's company increased its reserves to 815,061 BTC, surpassing BlackRock's 802,823 BTC holdings.

Saylor continues buying while institutional investors remain much more cautious.

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Up to 85% of spot volumes on top centralized exchanges are traded through pairs with stablecoins, not with BTC or fiat.

This means stablecoins have become the main "rail" driving crypto liquidity.

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Grayscale has filed an S-1 registration statement for the HYPE ETF.

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⚡ JUST IN: Arkham has launched decentralized trading on the Solana blockchain.

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⚡ JUST IN: New York has sued Coinbase and Gemini for violating state law, according to court records.

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⚡ JUST IN: Kalshi will launch crypto trading with perpetual futures, according to The Information.

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⚡ JUST IN: Polymarket teases the launch of perpetual futures on its platform X.

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Goals are for people who care about winning once.

Systems are for people who care about winning repeatedly.

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⚠️ Hacker Exploits Trezor Wallet for $75M Crypto

A hacker has breached a Trezor hardware wallet to access $75 million in cryptocurrency, following a previous hack involving a wallet holding $66 million.

Joe Grand spent three years refining a recovery method for hardware wallets that users had locked years ago. This technique was originally developed in 2017 by a 15-year-old from the UK, who created it in his bedroom and used it to help a Wired site editor recover $30,000.

Now, nine years later, the same exploit is saving millions in Trezor wallets. Such work could demand up to half of the wallet’s remaining balance as a fee.

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Global Bitcoin adoption is currently around 3%, comparable to internet levels in the 1990s and social networks before their mass explosion.

Typically, rapid growth driven by network effects begins only after reaching 5% adoption.

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