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Bitcoin ETFs shed a record $6.4B in 30 days amid crypto winter chill

Bitcoin ETFs shed a record $6.4B in 30 days amid crypto winter chill

Uverejnil používateľ | jún 21, 2026 |

US-listed spot Bitcoin exchange-traded funds recorded their largest 30-day net outflow since launching in January 2024 amid a crypto bear market. According to data from Galaxy Research, US Bitcoin ETFs saw $6.35 billion in net outflows over a trailing 30 trading days. It also comes as they registered their sixth week of outflows last week, bringing their cumulative net flow to $53.4 billion, down from their $63 billion peak in October 2025.Galaxy Research said the daily outflows are “still deepening day over day.” The outflows could reflect waning sentiment from institutional investors for Bitcoin. However, BlackRock US head of equity ETFs Jay Jacobs told Cointelegraph on Thursday that there are many other reasons why outflows occur day to day.Source: Galaxy Research“What I think is maybe sometimes misunderstood by the market is that if we see a day of outflows, there could be a million reasons why. It could be someone selling IBIT and buying BITA,” Jacobs said, referring to its iShares Bitcoin Premium Income ETF (BITA), which launched on Wednesday.Bitcoin is trading at $64,167 at the time of writing, down 17.4% over the past month. The asset has been pressured by macroeconomic factors, including an increase in US inflation, along with the ongoing war between the US and Iran. Related: Bitcoin activity nears record highs on microtransaction surgeHowever, Jacobs said the volatility hasn’t impacted BlackRock’s view of Bitcoin as a global, decentralized, nonsovereign monetary alternative. “Every asset class has volatility… we have over 450 exchange-traded funds within iShares,” said Jacobs, referring to the family of ETFs and index mutual funds managed and marketed by BlackRock.“So we see inflows and outflows every day across a wide range of assets from large cap, small cap, Bitcoin, gold, etc. So in the short term, it’s absolutely not something that changes the way we view the asset or the utility of the asset.”Magazine: Bitcoin decouples from tech stocks, Ether eyes ‘selling wave’: Market MovesCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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Notorious ‘sandwich attack’ bot Jaredfromsubway.eth exploited for $7.5M

Notorious ‘sandwich attack’ bot Jaredfromsubway.eth exploited for $7.5M

Uverejnil používateľ | jún 21, 2026 |

One of the most successful MEV bots in crypto, Jaredfromsubway.eth, has been drained for more than $7.5 million, with an attacker exploiting the bot’s automated systems, the same ones that have netted it hundreds of millions over the years. According to Blockaid, the incident on Saturday resulted from attacker-controlled contracts tricking Jaredfromsubway.eth’s automated MEV execution system into granting token approvals that were later used to drain funds.“This is not a classic phishing attack and not a traditional smart-contract vulnerability in the victim contract,” Blockaid said on X.It’s a rare comeuppance for MEV (maximal extractable value) bots like Jaredfromsubway.eth, which are automated programs that monitor unconfirmed transactions on blockchain networks and manipulate their order to extract profit, a kind of “invisible tax” on DeFi users. Cointelegraph Research previously found that sandwich attacks on Ethereum have resulted in about $60 million in annual losses for traders. The research also found that between November 2024 and October 2025, there were 60,000 to 90,000 sandwich attacks per month, with roughly 70% of them associated with Jaredfromsubway.eth.How Jaredfromsubway.eth was exploited“This was a counter-MEV honeypot attack, as it specifically targeted the automated, trust-minimized decision-making logic that MEV bots utilize,” Blockaid chief technology officer Raz Niv told Cointelegraph.Over several weeks, the attacker deployed 66 fake token contracts that mimicked the names and interfaces of Wrapped ETH, USDC, and USDt and then paired that with fake liquidity pools, said Niv. The fakes were designed to look like profitable trades, the kind MEV bots are programmed to chase. This lulled Jaredfromsubway’s bot into doing what it was designed to do, approving certain attacker-controlled helper contracts to spend real money on its behalf. “Ironically, in the process, it provided the attacker the keys to millions in the bot’s treasury,” he added. “And then in a single transaction, the attacker called all 66 backdoors and swept all the ETH, USDC, and USDT at these addresses, amounting to millions of dollars.”In May, Ethereum co-founder Vitalik Buterin was sandwich attacked by Jaredfromsubway.eth while swapping 26,544 DigitalBits (worth $2.11 at the time of writing). The losses were minimal, but they show that even the smallest transactions can be a target for MEV bots. “We shouldn’t be happy about this; no one should celebrate … but if you’ve ever been sandwiched by this … I’m pretty sure you’re not upset about this news,” crypto investor and commentator David Gokhshtein said.Magazine: The end of anon? AI could unmask crypto’s hidden identities

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Crypto kidnappers who robbed a Minnesota family of $8M plead guilty

Crypto kidnappers who robbed a Minnesota family of $8M plead guilty

Uverejnil používateľ | jún 20, 2026 |

Two brothers accused of kidnapping a Minnesota family at gunpoint last year to steal $8 million in cryptocurrency pleaded guilty in connection with the armed robbery. Isiah Angelo Garcia and Raymond Christian Garcia, on Thursday, entered guilty pleas for Interference with Commerce by Robbery, facing a maximum of 20 years in federal prison, according to the US Attorney’s Office of the District of Minnesota. “The guilty pleas entered today reflect our commitment to holding the defendants accountable for the choices they made,” US Attorney Daniel Rosen said.  Global crypto wrench attacks have skyrocketed in recent years. In February, CertiK found that the number of crypto-related assaults and kidnappings increased 75% in 2025 from the previous year. Estimated losses in the first four months of 2026 from such attacks have already reached $101 million. Garcia brothers steal $8 million in cryptoProsecutors said on Sept. 19, 2025, the two brothers traveled to Minnesota from Texas to hold a victim and his family at gunpoint, forcing him to transfer cryptocurrency from his online accounts and hardware wallets. The ordeal left the victim’s wife and son held for nine hours in their family home, while the victim was taken to a family cabin about three hours away and was ultimately forced to transfer $8 million in cryptocurrency. Isiah Angelo Garcia (left) and Raymond Christian Garcia (right). Source: Waller County, Texas, Sheriff’s OfficePolice were alerted to the kidnapping after the victim’s son was able to make an emergency call, which was answered by Washington County sheriff’s deputies. Deputies later found a rifle and a shotgun, which, along with surveillance footage and other evidence, connected the brothers to the burglary. Crypto attackers plead guilty In their guilty pleas, both defendants admitted to using firearms to threaten the victims in order to rob them. They have agreed to pay more than $8 million in restitution. Sentencing hearings have not yet been scheduled. The latest development adds a win for US prosecutors in a global fight against criminals who target crypto owners. Related: Accused attackers of Sandbox exec’s wife tried to flee via UberIn May, US authorities unsealed an indictment against three men accused of stealing at least $6.5 million in a “violent robbery spree targeting cryptocurrency owners.” The robberies involved the three defendants allegedly posing as delivery drivers to force their way into residences and use violence to extract cryptocurrency from their victims.  The increase in global attacks has drawn the attention of the French government. During Paris Blockchain Week in April, Jean-Didier Berger, Minister Delegate to the Interior Minister of France, said his office has taken “preventive measures” against crypto wrench attacks, including launching a prevention platform that has drawn thousands of sign-ups.  Magazine: The end of anon? AI could unmask crypto’s hidden identities

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S token drops 5% as 3 former execs resign from Sonic Labs board

S token drops 5% as 3 former execs resign from Sonic Labs board

Uverejnil používateľ | jún 20, 2026 |

The S token, the native utility asset behind the Sonic blockchain, dipped on Friday after Sonic Labs announced the resignation of three former executives from its board. The S token fell to 0.031, down 5% over 24 hours. The resignations include Michael Kong, a former CEO of the Fantom Foundation and director at Sonic Labs; David Richardson, who served as executive chairman of Sonic Labs; and Andre Cronje, who previously served as its chief technology officer. Statement from Andre Cronje about his resignation from the board. Source: Andre Cronje“These are the people who built what Sonic is today. They remain invested in Sonic’s success and are handing off their responsibilities the right way, in full. From here, they will no longer make business decisions for the organization,” Sonic Labs said as it announced Matt Visser as its new CEO and Kosta Kourkoumelis as chief operating officer.Sonic Labs is overhauling its leadership and governance structure as it attempts to address growing community dissatisfaction and a prolonged decline in its S token, which has fallen 97% since launching in January 2025 as part of a network upgrade. “We are not going to open with a victory lap. The token is down. Community sentiment is down. We see both clearly, we are not spinning it, and we are not asking anyone to pretend otherwise,” said Sonic Labs. Related: Ethereum faces core development funding crisis, former contributor warnsSonic Labs, the research and development organization behind the Sonic EVM-compatible layer-1 blockchain, is the successor to the Fantom Foundation, which was founded in 2018. The blockchain is focused on speed, claiming to provide 10,000 transactions per second and subsecond finality. Its rebrand from Fantom to Sonic introduced a major structural and technical upgrade to the network as it replaced its legacy Fantom Opera network. Sonic Labs said the leadership change will also come with a commitment to more transparent governance, clear communication about project updates, and the creation of a dedicated risk and compliance committee. The leadership shuffle comes just days after Ethereum Foundation co-executive director Hsiao-Wei Wang announced that she had stepped down on Thursday, adding to a list of 19 layoffs and departures from the foundation this year. Magazine: The end of anon? AI could unmask crypto’s hidden identities

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Bitcoin activity nears record highs on microtransaction surge

Bitcoin activity nears record highs on microtransaction surge

Uverejnil používateľ | jún 19, 2026 |

Microtransactions below 0.01 Bitcoin (BTC) now account for roughly 80% of all daily transactions on the network, pushing transaction activity close to record highs despite weak price performance.The surge has pushed CryptoQuant’s Bitcoin “Network Activity Index” into positive territory for the first time since 2024, according to a Thursday report by the blockchain data company.Transactions below 0.01 BTC represented about 44% of all daily Bitcoin transactions in 2023, but their share has nearly doubled since then, fueled largely by Ordinals, Runes and other data-inscription protocols.The report, authored by CryptoQuant head of research Julio Moreno, said sustained growth in non-financial activity could “increase block space competition and raise fees for economic transactions.”“The economic value of these transactions is, however, disproportionately small,” Moreno wrote.Bitcoin’s network activity is 7% below its all-time high recorded in September 2024. Source: CryptoQuantBitcoin sees renewed inscription-driven congestionThe current congestion remains below the peaks seen during previous booms in Bitcoin inscriptions, when users embedded data such as images, text and token information directly on the blockchain.Transaction backlogs surged in 2023 as Ordinals and BRC-20 activity competed with ordinary transfers for block space, while another spike emerged in late 2024 following the launch of the Runes protocol.According to the report, Runes, Ordinals, BRC-20 tokens and data-timestamping services generate large volumes of low-value transactions, helping explain the sharp rise in microtransactions. OP_RETURN, an opcode that allows data to be embedded onchain without creating spendable outputs, has climbed to near-record usage levels in 2026. It split the Bitcoin community in 2025 after Bitcoin Core developers removed a long-standing 80-byte relay limit. Critics argued the change would make it easier to use Bitcoin for non-financial data storage.“The OP_RETURN opcode embeds up to 100,000 bytes of data onchain without creating spendable outputs, making it the standard mechanism for Bitcoin data-layer protocols,” Moreno wrote. These protocols generate high volumes of dust-value transactions (as low as 546 satoshis), directly explaining the low-value cohort surge.The trend has also pushed Bitcoin’s mempool, a holding area for unconfirmed transactions, to roughly 128,000 transactions, its highest transaction count since February 2025.

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