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South Korean crypto exchange Bithumb is expanding its overseas push through a new partnership in Vietnam as the country moves toward licensing its first domestic digital asset trading platforms.

Bithumb said it signed a memorandum of understanding (MoU) with SSI Digital (SSID), a subsidiary of Vietnam’s largest securities company, SSI Securities, to cooperate on establishing and operating a virtual asset exchange in the country.

The agreement, signed in Hanoi in March but announced Thursday, also leaves the door open for Bithumb to make a strategic equity investment in an SSID-designated entity, subject to Vietnam’s regulatory approvals.

The move positions Bithumb for Vietnam’s pilot program for licensed domestic digital asset trading platforms, creating a potential entry point into one of Southeast Asia’s fastest-growing crypto markets.

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Vietnam’s tight crypto pilot race

Vietnam’s five-year crypto asset pilot, unveiled in September 2025, requires exchange operators to be Vietnamese entities with at least 10 trillion dong ($380 million), in charter capital and caps foreign ownership at 49%. Authorities are also drafting rules that could restrict trading on unlicensed overseas platforms.

Bithumb and Vietnam’s SSID Collaborate. Source: Bithumb

Competition for licenses is already intensifying. A Finance Ministry document cited by Reuters in March said five firms, including affiliates of private banks Techcombank, VPBank and LPBank, along with broker VIX Securities and conglomerate Sun Group, have already cleared an initial qualification round.

Related: Bank of Korea floats crypto ‘circuit breakers’ after Bithumb blunder

One of the most advanced bids is VPBank-linked CAEX, which secured backing from OKX Ventures and HashKey Capital in April to help meet Vietnam’s minimum charter capital threshold for the pilot. Bithumb’s Vietnamese partner, SSI Securities, is one of the country’s largest brokers and set up SSI Digital Technology JSC to spearhead its push into digital assets in 2022. Vietnam was ranked fourth in global crypto adoption in 2025 by blockchain forensics firm Chainalysis.

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According to Bithumb’s press statement, the company and SSID plan to collaborate across exchange technology, wallet and custody systems, security and risk management, regulatory support and institutional business development. No timeline has been given for a formal license application or final investment decision, and Vietnam has not yet approved any fully licensed crypto exchange under the pilot.

Cointelegraph reached out to Bithumb for comment but had not received a response by publication.

Korea headwinds raise stakes

The expansion plan comes as Bithumb faces heightened scrutiny in its home country following a high-profile payout error and a delayed listing timeline.

The exchange has pushed back its initial public offering (IPO) to sometime after 2028, with management saying it needs to strengthen accounting policies and internal controls after earlier regulatory sanctions.

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In February, Bithumb mistakenly credited customers with 620,000 Bitcoin instead of 620,000 won during a promotional event, briefly creating more than $40 billion in notional balances and triggering sharp price swings on the platform. The firm says it recovered 99.7% of the funds and is now pursuing legal action to reclaim the remaining 7 BTC.

Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt

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Bitcoin (BTC) miners reported widening net losses in the first quarter of 2026 as declining Bitcoin prices, broader market pressures, and other factors weighed on the firms.

Hut 8 (HUT), Core Scientific (CORZ), American Bitcoin (ABTC), Cipher Digital (CIFR), and Riot Platforms (RIOT) all reported losses.

Bitcoin Miner Q1 Losses Hit Sector 

According to its latest press release, HUT posted a net loss of $253.1 million in the first quarter of 2026. The losses widened from $134.3 million recorded during the same period last year. 

“Net loss for the period included $295.7 million of primarily unrealized losses on digital assets, compared to $112.4 million in the prior year period,” the firm noted.

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Meanwhile, American Bitcoin, the Bitcoin mining and treasury company co-founded by Eric Trump, reported an $81.8 million net loss for the first quarter, up from a $59.5 million loss in the previous quarter. 

Again, the company’s digital asset holdings were the main drag, contributing to $117.18 million in losses. 

“We produced Bitcoin at a 52% gross margin despite a 22% decline in Bitcoin price, reflecting meaningful cost improvements that partially offset the price headwind. Our cost to mine fell to approximately $36,200 per Bitcoin, down from roughly $46,900 in Q4 2025,” Matthew Prusak, President of American Bitcoin, said.

Core Scientific reported a net loss of $347.2 million, primarily due to $266.5 million in non-cash impairment charges. The company was also impacted by a $30.8 million non-cash loss tied to changes in the fair value of warrants and contingent value rights. 

Cipher Digital’s $114 million loss followed the Black Pearl mining wind-down, a fair-value decline on its power contract, and higher interest expense from new debt facilities. Lastly, Riot Platforms’ quarterly loss exceeded $500 million.

Miner Stock Reactions

Meanwhile, mining stocks posted modest declines in after-hours trading following the disclosure of losses. Google Finance data showed that HUT surged 35% to $108.94 during regular trading on May 6 before slipping 1% in after-hours trading. 

CORZ rose 11% to $24.63 during the session, then fell 7.2% to $22.85 after hours. ABTC gained 1.6% to $1.25 in regular trading before erasing those gains in pre-market activity.

AI Data Center Pivot Reshapes the Sector

The earnings reports landed alongside fresh AI data center moves at every firm. Hut 8 unveiled a $9.8 billion Beacon Point lease.

Cipher Digital signed its third hyperscale lease in Q1. Riot Platforms booked $33.2 million of data center revenue. Core Scientific continues repurposing mining facilities for colocation services.

Whether the pivot offsets pressures on the underlying mining business will become clearer in the time ahead.

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The post Bitcoin Miners’ Q1 Losses Mount as AI Pivots Accelerate appeared first on BeInCrypto.

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A US judge has sentenced a California man known as GothFerrari to 78 months in prison for his role in a crypto social engineering ring that turned to home burglaries when victims could not be deceived online.

Marlon Ferro, 20, of Santa Ana, also faces $2.5 million in restitution and three years of supervised release.

Inside the $250 Million Crypto Theft Ring

A multi-year federal investigation revealed that the enterprise drained more than $250 million in cryptocurrency from victims between late 2023 and early 2025. Its members operated out of California, Connecticut, New York, Florida, and overseas.

The crew specialized in roles that included database hacking, target identification, fraudulent phone calls, and money laundering. When social engineering failed, the ring sent Ferro to physically steal hardware wallets from victims’ homes.

“Marlon Ferro served as the criminal enterprise’s instrument of last resort… they turned to Ferro to break into homes and steal hardware wallets outright,” US Attorney Pirro said.

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Brick-Through-Window Crypto Burglaries and Designer Spending

According to the press release, in February 2024, Ferro broke into a home in Winnsboro, Texas, and stole a hardware wallet. The device held roughly 100 Bitcoin (BTC), then valued at more than $5 million.

That July, Ferro went to New Mexico and surveilled a residence with a hidden cell phone. He smashed a window with a brick when co-conspirators tracking the victim’s iCloud account signaled the home was empty.

Beyond burglaries, Ferro laundered funds for the ring. Using fake identification from a foreign national, he opened a geo-blocked payment card account. The setup funneled over $255,000 in designer clothing to co-conspirators.

Stolen money also bankrolled extravagant spending. Court papers cite nightclub tabs of up to $500,000 per night and Hermès Birkin bags. Private jets and exotic cars valued up to $3.8 million were also part of the haul.

Authorities arrested Ferro in May 2025 with two firearms in his possession. He pleaded guilty in October 2025 to one count of conspiracy to participate in a racketeering-influenced and corrupt organization

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The post Crypto Burglar Known as ‘GothFerrari’ Draws 78-Month Prison Term appeared first on BeInCrypto.

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Crypto-friendly gift card platforms are designed to make it very easy to convert digital assets into real purchases. Now more than ever, users are buying gift cards with crypto on CoinsBee to shop online, access global brands, and spend their cryptocurrencies without having to trely on traditional payment methods.

It’s one thing to own crypto, but it’s a completely different matter to use it without friction. For this reason, crypto-friendly gift card platforms have historically been surging in popularity. That growing interest explains why more users now choose to buy gift cards with crypto on CoinsBee as a practical way to turn digital assets into everyday spending power.

Why Crypto Gift Cards Are Becoming a Go-To Option

For a lot of consumers, the appeal of these cards comes down to one thing – they are just more usable. People want simple, straightforward ways to turn crypto into something practical without having to jump through extra hoops.

Crypto-friendly gift card platforms are one of the things that make it possible. This is because they connect digital assets with real purchases, which helps to explain why they are becoming a relatively natural part of everyday online shopping.

The Rise of Crypto-Friendly Gift Card Platforms

It goes without saying that the crypto industry has matured well beyond its early image when it was a niche field reserved for cyphurpunks and tech enthusiasts. Today, many consumers want real-world ways to use their coins – whether for entertainment, travel, shopping, or everyday services.

This is gift cards come into play – they bridge the gap between digital assets and mainstream retail customers. Current adoption trends are also pointing toward a broader momentum, with Chainalysis reporting strong global consumer crypto adoption last year, going into this year as well.

Undoubtedly, another reason for this increase is the sheer convenience. Traditional crypto checkout options tend to be unavailable everywhere, and many merchants don’t yet accept crypto payments directly. This problem is solved by crypto gift cards because instead of waiting for every store to add native crypto support, users can buy branded cards and use them almost instantly and everywhere.

This model suits the way people show now – modern buyers value speed, mobile access, and simple transactions. A crypto-friendly platform allows them to use Bitcoin, Ethereum, or other assets for purchases without having to move funds through multiple apps, exchanges, wallets, or whatnot.

Benefits of Using Cryptocurrency for Digital Purchases

As opposed to converting assets into fiat before spending them, people are able to use Bitcoin, Ethereum, as well as other cryptocurrencies directly for purchases through gift cards.

Some of their main benefits include:

• Greater Flexibility for Crypto Holders: Users can turn their holdings into digital vouchers for well-known brands without first converting crypto into traditional currency;
• Faster Access to Purchases: Crypto transactions are often processed quickly, allowing users to obtain gift cards or balances without waiting for bank transfers or lengthy payment processing;
• More Privacy and Independence from Traditional Payment Systems: Some people prefer not to rely on credit cards or bank accounts for every purchase. Crypto gift cards offer an alternative way to shop online;
• Convenient for Cross-border Spending: For people who travel frequently or live in regions where international payments can be complicated, crypto gift cards provide an easier option for purchases and online gifting.

How to Pick a Trusted Platform for Crypto Gift Cards

It’s important to understand that not every single platform offers the same experience. That’s why it’s important to choose the right one. When selecting a service which will convert your crypto into digital cards, here are a few essential factors you should undoubtedly keep in mind.

1. Clear Coverage and Availability: A reliable platform should clearly show which brands are available, which countries are supported, and which cryptocurrencies can be used;
2. Transparent Pricing and Checkout: Users should be able to see the cost of each card, understand how the checkout process works, and complete crypto payments without confusion. If the platform feels vague or complicated, it can be a warning sign;
3. Strong Security and Reputation: A trustworthy service usually has a solid track record, supports popular cryptocurrencies, and offers a secure environment for transactions;
4. A Wide Catalog of Digital Vouchers: Platforms that provide access to many brands give users more flexibility when choosing digital vouchers for personal purchases or online gifting;
5. A Simple and User-friendly Experience: The best services make the process easy, even for beginners. Users should be able to browse options, choose a value, select their preferred cryptocurrency, and complete the purchase quickly.

Tips for Getting the Most Out of Crypto Gift Cards

Now, crypto gift cards are not just used for one-off purchases – they can become a valuable part of your regular spending routine. Here are a few practical tips that will help you make the most of them.

Match the Card to Your Needs

You should use crypto gift cards for things you truly need if you are to get the best of them. Whether it’s shopping, subscriptions, or travel, if you have a clear idea of what you want to buy, this will ensure your purchases are more efficient and intentional. The approach would make crypto spending purposeful, and it would help you avoid unnecessary purchases.

Time Your Purchases

When you choose to use your crypto can make a big difference. Some users prefer to spend their crypto when the market is stable or after setting aside a portion of their holdings for purchases. Others find it easier to manage their spending with gift cards, as the fixed value makes it simple to track budgets and avoid overspending.

Take Advantage of Online Gifting

Crypto gift cards are an excellent choice for online gifting. They’re fast, easy to send, and require minimal steps, making them perfect for giving digital gifts. With global shopping becoming increasingly cross-border and multi-platform, the flexibility of gift cards provides real convenience.

By keeping these strategies in mind, you can boost the value and convenience of your crypto gift cards, turning them into a practical tool for everyday spending.

Conclusion

Cryptocurrencies have evolved from being just something people hold and watch in their wallets. More users are now seeking practical ways to convert their holdings into real purchases.

Instead of waiting for every store to accept direct crypto payments, users can easily buy gift cards with crypto on CoinsBee and immediately use them for shopping, entertainment, travel, and online services.

Frequently Asked Questions (FAQs)

Why are crypto-friendly gift card platforms becoming more popular?

Crypto-friendly gift card platforms are gaining popularity, largely because they make it easier to use digital assets in everyday life. Instead of having to worry about converting crypto into traditional money through exchanges, users can just buy a gift card and spend it on shopping or online services.

How do I know if a platform is trustworthy?

One thing a trustworthy crypto gift card platform should offer is unparalleled transparency. You should be looking for services that clearly list the supported cryptocurrencies, available brands, and supported countries. The more reliable platforms also provide secure payment processing, simple checkout steps, and clear pricing.

A trustworthy crypto gift card platform should offer transparency, security, and a strong reputation. Look for services that clearly list supported cryptocurrencies, available brands, and supported countries. Reliable platforms also provide secure payment processing, clear pricing, and straightforward checkout steps.

Can crypto gift cards be used for gaming, shopping, and other services?

Yes, crypto-based gift cards are made to be versatile. They can typically be used for a wide range of products and services. Many platforms offer vouchers for gaming platforms, online retailers, streaming services, digital marketplaces, and travel providers.

Are crypto gift cards a safe way to manage digital assets?

Cryptocurrency gift cards can be a safer and more practical option when they are purchased through reputable platforms. They are known to allow users to convert a portion of their digital assets into a fixed-value digital voucher, which makes spending a lot easier.

What should I watch for in the future of crypto gift cards?

The future of cryptocurrency gift cards seems to be focusing on greater accessibility, faster transactions, and wider availability of brands. As crypto adoption grows altogether, more platforms are expected to expand their catalogs and support additional digital assets.

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and to do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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The social sentiment surrounding Bitcoin (BTC) has swung to its most bullish level in four months as the asset surged past the $80,000 mark earlier in the week.

This is according to data shared by Santiment on May 7, with the shift reflecting a market that has quickly moved from fear to optimism after weeks where BTC’s price was weighed down by macro uncertainty and crypto-related security concerns.

Traders Turn Optimistic as Bitcoin Rebounds

Now, retail traders are once again piling into bullish calls across social media, with Santiment’s data capturing this through its Positive/Negative Sentiment metric, which runs posts and threads from major platforms through a machine-learning model to separate bullish from bearish commentary and calculate the ratio between them.

At 1.37, the current reading is at its highest since early January, when the market was coming off a strong end to 2025. Back in mid-April, sentiment had done the opposite, collapsing deep into bearish territory in the wake of the KelpDAO exploit.

Santiment noted at the time that the widespread panic was actually a healthier environment for a rebound, as it cleared out less committed holders.

That rebound came, and with optimism now back near multi-month highs, the firm is highlighting the other side of that dynamic.

“As fear disappears and FOMO rapidly takes over social media discussions, traders often enter positions late into rallies,” Santiment wrote, “increasing the probability of local tops, profit-taking, and sudden volatility.”

The firm was direct that this does not mean the rally is finished, but that the risk profile is meaningfully higher now than it was a few weeks ago, when most of the crowd was still panicking.

What the Data Needs to Confirm a Bottom

On the price side, Bitcoin was trading at around $81,000 at the time of writing, up by about 7.5% over the past seven days and 18% in the last month.

It briefly tapped $82,000 on May 6, marking a new three-month peak before pulling back slightly, with the 24-hour range having sat between approximately $80,800 and $82,800 per CoinGecko.

However, not everyone is treating the price recovery as a clean setup. Analysts at Bitfinex described the rally to $80,000 as misleading and argued that the market is not positioned for upside movement.

On the other hand, some traders are closely watching whether BTC can reclaim higher realized price bands tied to underwater holders from late 2025 and early 2026.

According to market commentator IT Tech, Bitcoin needs to break above roughly $89,000 and hold that level before a durable bottom can be confirmed.

The analyst pointed to several realized price zones between $89,000 and $112,000 where trapped buyers may look to exit positions once prices recover.

The post The FOMO Is Back: Why Bitcoin’s Latest Rally Has Analysts Flashing Warning Signs appeared first on CryptoPotato.

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The bnb price prediction gained its biggest institutional catalyst yet when Teucrium launched the first US-listed 2x Long Daily BNB ETF under the ticker XBNB on NYSE Arca on April 28. Binance co-founder Changpeng Zhao announced the product on X, and the fund gives traditional brokerage accounts leveraged exposure to BNB price moves for the first time without a crypto wallet or futures account.

Pepeto lines up its Binance listing with $9.89 million committed, showing smart money building positions. The bnb price prediction points toward $700 and then $1,000 over the year, and analysts model Pepeto at 100x from the current presale price once the Binance listing opens trading.

The Teucrium xETFs 2x Long Daily BNB ETF began trading on NYSE Arca on April 28 as the first US exchange-traded product tied to BNB price movements, per BusinessWire. FalconX Bravo, a CFTC-registered swap dealer, provides the derivative exposure, and the fund targets twice the daily performance of BNB before fees.

VanEck’s spot BNB ETF filing still sits with US regulators, and clearance would add billions in institutional demand. Teucrium’s earlier leveraged XRP product attracted hundreds of millions within months, and the BNB fund expands that access into another top-five asset.

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The BNB Price Prediction Entry Worth Watching Right Now

Pepeto: The Trading Platform That Earns While BNB Grinds Through the XBNB ETF Launch

The Binance listing window narrows and presale stages load faster each round. Pepeto is a contract-scanning and zero-fee platform that rewards holders when the broader market trades sideways and the bnb price prediction stays range-bound, which is where BNB sits as institutional products like XBNB take time to draw capital.

While BNB holders wait for the Teucrium ETF and VanEck spot filing to move price, Pepeto already scans tokens across Ethereum, BNB Chain, and Solana, flagging risky contracts before capital touches them. PepetoSwap processes swaps at zero fee, and capital starts producing returns right away rather than sitting inside an $84 billion cap waiting for the next buyer.

The presale crossed $9.89 million at $0.0000001868. Its low fully diluted value and role as the exchange’s utility token place 100x within range. SolidProof signed the codebase, a senior Binance developer designed the exchange from the ground up, and the founder who took Pepe to $11 billion built every tool. Staking at 175% APY grows the position with every block.

The bnb price prediction will keep pulling capital toward BNB, but the wallets locking positions today know 100x on Pepeto is built on returns that already happened with Pepe. Entering the presale now while BNB grinds sideways is how the biggest gains of this cycle get captured before the listing removes the presale advantage for good.

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BNB Price at $634 as the XBNB ETF Opens Institutional Access and the VanEck Spot Filing Waits

BNB (BNB) trades at $634 on May 6, down roughly 54% from its $1,369 all-time high reached in October 2025, per CoinMarketCap. The bnb price prediction depends on holding $607 support and clearing $647 resistance to open the path toward $700 and then the $900 zone.

Changelly projects an average BNB price of $653 for May with upside toward $1,000 by December 2026. But the bnb price prediction math from an $84 billion cap means meaningful targets still take quarters to reach, not the timeline a presale-to-listing event delivers when the entry is $0.0000001868.

Conclusion

A bull run is flashing. BNB broke $1,369 in October because the last wave lifted everything, and the XBNB ETF plus the VanEck filing are laying the tracks for the next one. But history shows that when Bitcoin doubles, the strongest presale entries do not just follow the move.

They return 100x. BNB at $634 with an $84 billion cap will grind higher over quarters. Pepeto at $0.0000001868 with a Binance listing days away covers that same distance the moment trading opens.

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Missing Pepeto at this stage could easily become the kind of regret that stays, the same feeling every person who knew about SHIB early and watched it run without acting still carries today. Pepeto is positioned where SHIB was before its breakout, with a live exchange and a founder who already proved the model once. The presale will not wait, and the bnb price prediction crowd that sees this clearly is already inside.

Click To Visit Pepeto Website To Enter The Presale

FAQs

Can the bnb price prediction reach $1,000 in 2026 after the Teucrium XBNB ETF and the VanEck spot filing?

The bnb price prediction needs the XBNB ETF to draw sustained institutional volume, the VanEck spot BNB ETF to advance through regulators, and BTC to hold above $80,000 before $1,000 comes into play. Changelly projects BNB averaging $653 in May with a year-end target near $1,000.

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What makes Pepeto the best crypto presale for high returns before the next bull run leg?

Pepeto is the best crypto presale because it runs a SolidProof-audited exchange with zero-fee trading, a token scanner, and a cross-chain bridge across three networks. The presale raised $9.89 million at $0.0000001868 with 175% APY staking and an approaching Binance listing.

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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Bitcoin’s price just tapped a new multi-month peak at $82,000, where it faced some resistance but continues to trade close to that level.

Almost all altcoins are in the green today, with ETH inching closer to $2,400 and XRP decisively reclaiming the $1.40 resistance. SOL is up to $90, while ZEC has stolen the show.

BTC Touched $82K

The primary cryptocurrency fell hard last week after it was rejected at $79,500, and the culmination took place on Wednesday following the third FOMC meeting for the year. Although the Fed’s decision to maintain the interest rates unchanged was highly expected, BTC still dipped below $75,000.

However, its subsequent rebound has been very impressive. The asset first neared $79,000 on Friday after Iran sent a peace proposal to the US and remained close to that level during the weekend, even though the US rejected it, and the second one, sent on Sunday.

Moreover, BTC rocketed on Monday morning to over $80,000 for the first time since late January. It slipped in the following hours after some confusing reports, but went back on the offensive and quickly reclaimed that level. The bulls kept the pressure on, and the cryptocurrency briefly tapped $82,000 minutes ago to mark a new three-month peak.

It remains close to that level now, with its market cap climbing to over $1.630 trillion and its dominance over the alts standing above 58.5% on CG.

Alts Turn Green

ZEC has reignited hopes of its massive run from several months ago when it exploded from under $80 to over $700 within weeks. Its daily surge of roughly 40% has reminded of that rally, as the asset now sits at $575. The only more notable gainer in the past day is SKYAI, which has soared by over 40% to $0.78.

TON has continued with its massive streak, posting another 25% surge on a 24-hour scale. DASH, ICP, FIL, and NEAR complete the double-digit price pump club.

A lot more modest gains are evident from XRP, BNB, ETH, and TRX, while SOL, DOGE, and ADA are up by almost 5% daily.

The total crypto market cap has added roughly $50 billion in a day and now sits at $2.8 trillion on CG.

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