Crypto industry

Crypto exchange Bitget has resumed withdrawals following a security breach involving roughly $388 million. The exchange had paused withdrawals while it investigated the incident and moved to secure user funds. Reports from industry outlets confirm the resumption of services, though details on the cause of the breach and recovery of stolen assets remain limited.

Roman Sterlingov, convicted of running the Bitcoin Fog cryptocurrency mixing service, has lost his appeal against his money laundering conviction. The service was accused of laundering over a billion dollars in bitcoin for criminals. The ruling confirms one of the most significant US prosecutions targeting crypto mixing services, and analysts see it as a signal for how regulators and courts treat privacy tools in the digital asset sector.

Financial advisor Ric Edelman has reiterated his prediction that Bitcoin will reach $500,000 by 2030, saying he does not 'really care about the 4-year cycle' that many crypto traders use to time the market. His call stands out because it comes from a mainstream financial planning figure rather than a crypto industry promoter, and it challenges the widely followed halving-cycle analysis common among Bitcoin investors.

Hunter Biden has forecast that Bitcoin will reach $220,000 by 2028, while sharply criticizing Senator Elizabeth Warren's stance on cryptocurrency, calling her criticism of the industry 'so wrong'. His remarks put him at odds with a prominent progressive critic of crypto and are drawing attention given his family name and the ongoing political debate in Washington over digital asset regulation.