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Bitcoin has moved higher, aided by a surge in crypto stocks after the Treasury Department signs a plan to double debt buybacks. The rally has buoyed Bitcoin toward the low $70,000s, but remains below the mid-January and all-time highs. Democrats and Republicans debate regulatory scope as the Clarity Act looms, with the market awaiting further clarity.
Bitcoin has risen as Treasury buybacks boost yields and crypto investors rally in expectations of policy clarity. Regulators push for a crypto framework while markets price in potential upside and risks amid hawkish macro signals.
Bitcoin has rallied further amid a spike in risk appetite after the Treasury Department doubled long-dated bond buybacks, fueling demand for risk assets. Traders are weighing whether the move is sustainable as a major rally continues into the week.
Recent reports show a surge in warnings that AI could end humanity this decade, prompting calls for rapid regulation. The discourse spans major labs, politicians, and tech influencers, with divergent views on risk and timing. Readers are following developments as policymakers explore safeguards while industry argues for responsible acceleration.
The UK debates overseas and domestic political donations after crypto billionaires Ben Delo and Christopher Harborne each donate 27m to Reform UK. Government plans to cap donations by Britons living abroad backdated to March 25 and to tighten rules on foreign influence are being scrutinised as MPs warn of a potential Americanisation of UK politics.
Binance has disclosed a security breach that has affected an estimated $6.3 billion in client assets, suspended withdrawals and worked with stablecoin issuers to freeze roughly $2.5–3 billion on-chain. The FBI and US law enforcement partners are tracing stolen funds, which investigators say have been converted mainly into ether and routed through DeFi and instant-swap services.
Binance has reported an estimated $6.3 billion breach of its wallets and has frozen about $3 billion of affected assets. The company has said it will cover customer losses, has resumed phased withdrawals for major tokens, and is working with law enforcement and blockchain firms while investigators and analysts link the attack to North Korea’s TraderTraitor unit.
The FBI says TraderTraitor has tied a new wave of crypto theft to malicious activity, with assets being converted primarily into Ethereum. Binance has begun reimbursing users for most losses, while investigators warn of ongoing laundering attempts. Trump has commented that North Korea involvement remains unconfirmed as the investigation advances.
The Binance platform has faced a $6.3 billion theft, described as the largest crypto heist. It has begun phased withdrawals with 90% of stolen assets replenished, while the FBI attributes the attack to a North Korea‑affiliated group. Markets quickly shifted, with Bitcoin and major ETFs seeing outflows and options activity showing risk aversion.
North Korea's Kim Yo‑jong has denied FBI claims that a state‑linked hacking unit — identified as TraderTraitor/Lazarus — stole about $6.3bn from Binance, calling the allegation "absurd rhetoric" and a "grave political provocation." U.S. agencies and blockchain firms have traced large movements of the stolen crypto and urged industry action while Binance has partially restored withdrawals.