$45M Vanishes in Coinbase Social Scam

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🌍 Daily Crypto Market Overview

Global Stats:

• Cryptocurrencies: 15.1M

• Exchanges: 814

• Market Cap: $3.08T (+2.69%)

• 24h Volume: $106.36B (+27.67%)

• Bitcoin Dominance: 64.1%

• Ethereum Dominance: 7.6%

• ETH Gas Price: 1.7 Gwei

• Fear & Greed Index: 53 (Neutral)

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🚀 Trending on DexScan:

1. KMNO/USDC – $0.06866 (+11.38%)

2. TRUMP/USDC – $12.05 (+9.59%)

3. gork/SOL – $0.02901 (+15.06%)

4. gork/SOL – $0.02906 (+13.94%)

5. Fartcoin/SOL – $1.09 (+7.42%)

💹 Market Highlights:

• Total DeFi Volume: $21.58B

• Stablecoins Volume: $97.36B

• Top Gainer (24h): ALPACA (+41.08%)

📈 Preview On Today’s News:

1. - $45M Vanishes in Coinbase Social Scam

2. - Institutional Wave Looms: $300M Bitcoin Firm Set to Shake Crypto Markets

3. - Bitcoin Enters State Vaults: Arizona Bets on Crypto Reserves

Keep reading below for more!

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Today’s News:

1)

$45M Vanishes in Coinbase Social Scam

A sophisticated wave of social engineering scams has stolen over \$45 million from unsuspecting Coinbase users, according to prominent crypto investigator ZackXBT. Exploiting trust and urgency, scammers impersonated legitimate Coinbase representatives via emails, texts, or deepfake videos to manipulate users into revealing private credentials. Once obtained, attackers swiftly drained funds from victims' accounts. The alarming scale and precision of these scams have rattled the crypto community, spotlighting the urgent need for stronger personal security habits. Experts emphasize verifying all communication sources, using hardware wallets, and never sharing sensitive data—even with supposed “support” agents.

• Over $45 million stolen from Coinbase users via deceptive social engineering tactics involving impersonation and psychological manipulation.

• Security experts urge caution, recommending users avoid clicking unknown links, use hardware wallets, and verify all communications independently.

2)

Institutional Wave Looms: $300M Bitcoin Firm Set to Shake Crypto Markets

David Bailey, CEO of BTC Inc. and a prominent Bitcoin advocate, has launched a $300 million investment firm named Nakamoto to drive institutional exposure to Bitcoin. Positioned to attract both traditional and crypto capital, the firm aims to offer direct investment in Bitcoin and may eventually go public. Bailey’s influence—bolstered by ventures like Bitcoin Magazine—underscores this bold move’s potential to reshape institutional sentiment and spark renewed momentum in the crypto market. While the initiative has yet to face regulatory scrutiny, parallels with previous institutional entries, like Grayscale’s GBTC, suggest Nakamoto could significantly impact market confidence and Bitcoin accumulation trends.

• David Bailey’s new firm “Nakamoto” launches with $300M to target institutional Bitcoin investments, signaling rising confidence in crypto markets.

• The firm may go public and, like Grayscale before it, could catalyze significant Bitcoin accumulation and increased institutional engagement.

3)

Bitcoin Enters State Vaults: Arizona Bets on Crypto Reserves

Arizona has officially become the second U.S. state to pass a law recognizing cryptocurrency as a legitimate component of its financial system. Signed by Governor Katie Hobbs, House Bill 2749 enables the state to hold unclaimed digital assets like Bitcoin in their native form and establish a crypto reserve fund. Pushed by Representative Jeff Weninger, the law also permits staking of these assets for rewards, all within a tax-free framework that requires legislative approval for use. Arizona's move signals a growing trend among U.S. states to adopt crypto at the institutional level, following similar legislation in New Hampshire.

• Arizona passed House Bill 2749, allowing unclaimed crypto assets to be held and staked as part of a tax-free state reserve fund.

• This legislation marks a broader shift in state-level financial modernization, reflecting crypto’s growing role in public finance.

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