Crypto Insider

💸 FTX Sold Cursor Stake for $200K

FTX sold its stake in Cursor for $200,000, the original investment amount, during the exchange's liquidation.

In 2022, Alameda, the FTX fund, invested $200,000 in Anysphere, the developer of Cursor, acquiring about 5% of the company.

Despite Cursor now being valued at over $50 billion, this stake was sold for the initial investment during FTX's bankruptcy process.

At current valuations, the stake could have been worth approximately $2.5 billion.

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📊 Bitget Wallet Integrates Polymarket Prediction Platform

Bitget Wallet has integrated the prediction market platform Polymarket, enabling users to trade on prediction markets directly through its mobile interface. The platform includes AI tools for event analysis, enhancing user decision-making.

This integration allows trading of contracts linked to real-world events, ranging from elections to macroeconomic trends, all within the wallet. An AI module aggregates real-time data, historical statistics, and news signals to provide traders with actionable insights.

Alvin Kan, Chief Operating Officer of Bitget Wallet, stated that prediction markets are transforming how users engage with real information, creating new trading opportunities.

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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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⚠️ 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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Goals are for people who care about winning once.

Systems are for people who care about winning repeatedly.

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

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

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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: Arkham has launched decentralized trading on the Solana blockchain.

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

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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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📊 Hacker Launders $176M in Crypto Assets

The hacker who breached Kelp has begun laundering stolen assets. According to on-chain analyst ZachXBT, on April 21, the attacker converted about $1.5 million worth of Ethereum into Bitcoin via THORChain and another $78,000 through the Umbra protocol.

Security firm PeckShield also detected movements totaling $176 million across THORChain, Umbra, Chainflip, and BitTorrent.

Analyst EmberCN noted that after coins were frozen on the Arbitrum network, the cybercriminal withdrew approximately 75,700 ETH, valued at around $175 million, from Ethereum.

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

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

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

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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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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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