Crypto Gem 💎

💎 **Arbitrum froze more than 30,000 ETH stolen from KelpDAO** 💎 The Arbitrum Security Council took emergency action and froze 30,766 ETH worth about $71.2 million on the Arbitrum One network. 💎 The funds were successfully transferred to an interim wallet, and the rightful owners will receive the assets after approval. 💎 Earlier, LayerZero said that the likely organizer of the KelpDAO hack was North Korea’s Lazarus Group, specifically its TraderTraitor unit.

‼️ **Bitcoin developer proposes fork with redistribution of Satoshi coins** Paul Sztorc, a Bitcoin developer since 2015, has proposed a hard fork called eCash. 💎 The plan would launch a new chain in August, with the most controversial part being the proposed redistribution of Satoshi Nakamoto’s coins, more than 1 million BTC, to fund the project’s development. 💎 The Bitcoin community sharply criticized the initiative, calling it “theft.”

💎 ** $96K BTC soon?** Charles Edwards says Bitcoin could hit ~$96K in the near term. 📊 Key signal: Large players are absorbing over 500% of daily mined BTC supply. 💡Historically, when this metric reached similar levels, BTC rallied ~24% on average within the following week. 📈 Strong accumulation is outpacing new supply — a setup that has often preceded sharp upside moves.

💎 $ONDO is up 17.9% today following a successful tokenized Treasury settlement pilot with Ripple, Mastercard, and JPMorgan. 🌟

💎 **According to Glassnode, long-term Bitcoin holders have experienced only a fraction of the stress seen during previous cycle bottoms** 💎 Their relative unrealized losses peaked at around 15% in early April. For comparison, during past deep bear markets this metric climbed above 75%. 💎 Despite the recent correction, conviction among long-term BTC holders remains unusually strong. Historically, true capitulation phases came with far deeper pain and panic than what the market has seen so far