PDAXScope: BTC at $100K, Coinbase hacked, Dubai crypto move

Bitcoin Holds Above $100K, Altcoins Slide as Analyst Sees Crypto Rally Into Summer (CoinDesk)

Bitcoin remains steady above $100,000, even as other cryptocurrencies (altcoins) have slipped in price, as reported by CoinDesk. Analysts suggest Bitcoin could continue rising into the summer, fueled by positive investor sentiment and the recent easing of global economic tensions. Altcoins, however, are facing some selling pressure as investors move money back into Bitcoin, expecting more gains ahead.

Leading crypto firm Coinbase faces up to $400m hit from cyber attack (BBC)

Coinbase – one of the world's largest cryptocurrency companies – recently faced a cyberattack that could cost it up to $400 million as reported by BBC. Hackers obtained customer data from Coinbase contractors and employees, then used this information to trick customers into sending crypto funds.

Coinbase refused to pay the hackers' demanded $20 million ransom and instead pledged to reimburse all affected customers and offer a reward for information leading to the hackers' arrest.

Dubai taps Crypto.com to enable crypto payments for govt services (Cointelegraph)

Dubai has partnered with Crypto.com to allow residents to pay for public services using cryptocurrencies as reported by Cointelegraph. Residents can now use digital assets like Bitcoin, Ethereum, and USDT stablecoins to settle bills such as utilities, fines, and service fees. This move is part of Dubai's push to become a global hub for crypto innovation and encourage wider digital asset adoption.

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