As Crypto “Wrench Attacks” Rise, Insurers Now Offer Kidnap-And-Ransom Coverage – Grayscale Bitcoin Mini T

Wrench attacks are a global phenomenon. French crypto holders witnessed at least five in January – one per week. Jameson Lopp, CTO at Casa, a  digital assets security company, compiled a list on GitHub of known Bitcoin ransom activity worldwide.

“There are signs that international organizations are using crypto leaks and other sources to identify targets, and then hiring local criminals to execute the actual attacks,” said Hugh Karp, founder of Nexus Mutual, an insurance firm that provides crypto risk coverage.  “The first reported kidnappings or attacks were back in 2015, but it has accelerated dramatically over the last few years.”

In January 2026, Waltio, a company specializing in…

Read more on Benzinga

Michael Saylor Says Strategy Is Bitcoin’s ‘Shock Absorber,’ Not A Systemic Risk – Strategy (NASDAQ:MSTR)

‘We Are A Shock Absorber‘

Speaking at BTCPrague in a fireside chat with Julian Liniger, Saylor reassured Bitcoin remains the dominant global digital capital network and compared its current price action to prior periods when high-quality assets traded near long-term support.

Bitcoin has fallen from around $120,000 to roughly $60,000 over the past eight months, bringing it near its 200-week moving average.

Saylor described that level as a key long-term support zone and a rough measure of Bitcoin’s “book value.”

He pushed back strongly against the idea that Strategy could destabilize Bitcoin.

Saylor noted that while the company sold just 32 BTC during the current bear market, it has…

Read more on Benzinga

XRP Consolidates For Three Days After 9% Breakout: What’s Going On?

XRP (CRYPTO: XRP) holds flat Tuesday, compressing between two Fibonacci levels for a third straight day after the June 15 breakout, while ETF inflows resume and top traders stay aggressively long.

Post-Breakout Compression Is Healthy, Not A Reversal Signal

XRP has spent three days coiling between the 0.5 Fibonacci level at $1.2071 and the 0.618 Fib at $1.2440. 

The 20 EMA at $1.2081 is holding as active support with the SAR firmly bullish at $1.0716. Three consecutive days of consolidation above the 20 EMA after a breakout is constructive price action, not a failed move.

Derivatives confirm the digestion is healthy rather than deteriorating. Volume dropped 33.42% and open interest sits…

Read more on Benzinga

Mexican Billionaire Ricardo Salinas Bets 70% Of His Portfolio On Bitcoin, Eyes $1 Million Price

Long before bitcoin existed, Ricardo Salinas Pliego was learning about hard money at the family dinner table.

Born in Mexico City in 1955, Salinas is the founder and chairman of Grupo Salinas, a corporate conglomerate with interests in telecommunications, media, financial services, and retail. In 1987, he took over from his father as CEO of Grupo Elektra — originally a family-owned furniture manufacturing company founded in 1906 by his great-grandfather — and refocused it on appliances, electronics, and consumer credit for Mexico’s emerging middle class. 

Today, his empire includes Banco Azteca, TV Azteca, and dozens of other enterprises spanning the country.

But…

Read more on BitcoinMagazine

U.S. Congressman Nick Begich Wants America To Stop Selling Its Bitcoin — And Start Treating It Like Gold

Congressman Nick Begich (R-AK) sat down with the Bitcoin Policy Institute at PubKey in New York for a wide-ranging conversation that touched on his path from startup founder to Capitol Hill, his landmark American Reserve Modernization Act, and the dual promise and peril of artificial intelligence.

The interview offered a window into one of Congress’s more technologically fluent members — a distinction Begich traces not to his political career but to the decades before it.

Begich’s resume reads unlike most of his colleagues. After undergraduate studies in entrepreneurship at Baylor University and an MBA from Indiana University focused on information technology and…

Read more on BitcoinMagazine

Sam Bankman-Fried ‘Had His Day In Court’: Democrats And Republicans Urge Trump Not To Pardon SBF

Senators Cynthia Lummis (R-Wyo.) and Ruben Gallego (D-AZ) introduced a bipartisan resolution Wednesday, urging President Trump not to pardon Sam Bankman-Fried, days after a federal appeals court upheld his 25-year sentence.

Senate Resolution Calls SBF Pardon Off-Limits Under Any Circumstances

The four-page resolution states that under no circumstances should Bankman-Fried receive executive clemency. 

The move carries added weight because both senators are central figures in negotiating the CLARITY Act, the crypto market structure legislation currently advancing through Congress.

“He had his day in court,” Lummis said. “A jury didn’t buy the act, and a judge gave him 25 years for a…

Read more on Benzinga

The CLARITY Act’s Biggest Obstacle Isn’t Crypto Regulation — It’s Trump’s Crypto Ties

David Nage, portfolio manager at Arca, stated that the final hurdle facing the CLARITY Act may have less to do with crypto regulation and more to do with ethics provisions tied to elected officials and senior government leaders.

“Three Mechanical Things“

In an X post on June 16, Jeff Dorman, CIO at Arca, cited Nage, who revealed that after spending a week meeting lawmakers and congressional staff in Washington, the core policy framework behind digital asset market structure legislation is largely complete.

“We are very close,” Nage wrote. “Call it 80%–85% finished.”

The House passed the CLARITY Act in July 2025 and Senate Banking Committee advanced its version in May by a 15-9…

Read more on Benzinga

Bitcoin Is Back At $66K, But What Made It Feel Safe Is Still Broken

Today, BTC is back at $66,000. Leverage has been flushed. ETF inflows have quietly turned positive. Whale wallets are pulling coins off exchanges. so, by most measures, the bounce looks real.

But there’s something else that the price chart doesn’t show: the story that held Bitcoin together for years just cracked. And BlackRock’s answer to that crack launched on Nasdaq this morning. Those two things, taken together, tell you more about where Bitcoin goes from here than any technical indicator.

The 32 Coins That Shook a $2 Trillion Market

However, it moved everything.

Bitcoin dropped 14%. ETF outflows hit $4.3 billion across 12 consecutive sessions, a record streak. More than $800…

Read more on Benzinga

Oman Launches Mandatory National Bitcoin Mining Pool In State-Backed Push For Regulatory Control

Oman has taken one of the most direct steps by any government to bring bitcoin mining under formal state oversight, launching a mandatory national mining pool that licensed operators across the sultanate are required to join.

The pool, Omanhash.com, was launched by Oman’s Ministry of Transport, Communications and Information Technology and will run in cooperation with Frontier Technologies LLC, an Omani blockchain and Web3 company. 

Enegix Global, a vertically integrated digital energy and infrastructure company, built the technology platform and liquidity infrastructure behind it. The company called it the official national cryptocurrency mining pool of the Sultanate of Oman.

Under…

Read more on BitcoinMagazine

79% Of Bitcoin Supply Locked By Long-Term Holders: Analyst

Bitcoin is showing signs of stabilization after a brutal stretch, and research firm K33 says the on-chain evidence is difficult to ignore. In its latest market report, K33 Head of Research Vetle Lunde pointed to a record share of Bitcoin supply held by long-term holders — a metric that, historically, has preceded the end of every major bear market in Bitcoin’s history.

Long-term holders now control 79% of Bitcoin’s circulating supply, an all-time high that K33 says reflects a continued accumulation trend and a gradual shift toward a more constructive market environment. 

That figure carries weight not as a standalone data point, but as part of a broader pattern: in every…

Read more on BitcoinMagazine