Silent Breach: Coinbase Hack Raises Red Flags Over User Safety

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🌍 Daily Crypto Market Overview

Global Stats:

• Cryptocurrencies: 15.59M

• Exchanges: 818

• Market Cap: $3.29T −1.24%

• 24h Volume: $110.25B +16.20%

• Bitcoin Dominance: 62.5%

• Ethereum Dominance: 9.2%

• ETH Gas Price: 0.56 Gwei

• Fear & Greed Index: 68 (Greed)

🪙 Top 5 Cryptocurrencies by Market Cap:

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🚀 Trending on DexScan:

1. SKYAI/USDT – $0.06153 (+14.47%)

2. TRUMP/USDC – $12.52 (+3.13%)

3. LAUNCHCOIN/SOL – $0.2118 (+5.20%)

4. Fartcoin/SOL – $1.17 (+8.14%)

5. LAUNCHCOIN/SOL – $0.2118 (+6.02%)

💹 Market Highlights:

• Coin with highest % change: KEKIUS (+117.32%)

📈 Preview On Today’s News:

1. - Silent Breach: Coinbase Hack Raises Red Flags Over User Safety

2. - Bitcoin Bet: Medical Giant's \$1B Crypto Leap Shocks Asia-Pacific Markets

3. - Bitcoin Set to Shatter Records Amid Global Adoption Surge

Keep reading below for more!

Have you heard of The Phenom Crypto Letter?

Today’s News:

1)

Silent Breach: Coinbase Hack Raises Red Flags Over User Safety

Coinbase has suffered a significant data breach, compromising personal data of roughly 1% of its users, including names, addresses, and partial Social Security numbers. The attackers demanded a \$20 million ransom, which Coinbase refused to pay, reinforcing its anti-extortion stance. Amid growing community concerns, on-chain analyst ZachXBT pointed out the dangers of requiring phone numbers, which have been exploited in scams using spoofed Coinbase messages. The breach, combined with prior scam incidents, has intensified scrutiny over the exchange’s security practices and reignited discussions on balancing user convenience with safety. Meanwhile, Bitcoin's price held steady around \$103K, though trading volumes declined, reflecting cautious market sentiment.

• Coinbase rejected a \$20M ransom after a breach exposed sensitive data of 1% of its users, raising concerns over security protocols and verification processes.

• Community criticism escalates as experts highlight risks tied to phone-based verification, following a wave of scams and spoofing attacks linked to stolen data.

2)

Bitcoin Bet: Medical Giant's \$1B Crypto Leap Shocks Asia-Pacific Markets

Basel Medical Group (BMGL), a major healthcare provider in the Asia-Pacific region, has announced plans to acquire \$1 billion worth of Bitcoin in a bold move to diversify its treasury and strengthen its financial position. The purchase, expected to finalize by the end of Q2 2025, will be executed through a share-swap arrangement with institutional investors and crypto-focused high-net-worth individuals. BMGL aims to use the digital asset reserve to fund strategic expansions, mergers, and acquisitions while reinforcing its resilience against market volatility. The company describes this initiative as a landmark shift—one of the largest corporate balance sheet enhancements in the region’s healthcare sector—marking a significant intersection of crypto and traditional industry finance.

• BMGL will acquire \$1B in Bitcoin via a share-swap deal to boost treasury diversification and support strategic healthcare expansions across Asia.

• Set to complete by Q2 2025, the move positions BMGL among the most financially agile healthcare providers in emerging markets, pending regulatory approval.

3)

Bitcoin Set to Shatter Records Amid Global Adoption Surge

Fidelity Investments, a $5 trillion asset manager, has forecasted that Bitcoin could hit a new all-time high before the end of Q2 2025, fueled by strong global momentum and market signals. In a recent analysis, Fidelity highlighted that Bitcoin’s “Acceleration Phase” continues to gain strength after a prolonged period of high volatility and low profit, indicating a sustained bullish trend. The firm attributes this upswing to increasing institutional and international adoption—especially across Asia, the Middle East, and Europe—as well as supportive U.S. policies under the pro-crypto Trump administration. With Bitcoin recently reclaiming the $104,000 level and surging over 22% in the past month, Fidelity sees a realistic potential for BTC to exceed its previous record of $109,114.88 in the coming weeks. However, the firm also cautions that unforeseen global events could still disrupt this momentum.

• Fidelity predicts Bitcoin could surpass its $109,114.88 all-time high before Q2 2025 ends, citing bullish market patterns and rising global adoption.

• BTC has surged over 22% in the last 30 days, with current levels above $104,000, amid supportive geopolitical conditions and reduced market volatility.

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