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ProBit Bits — ProBit Global’s Weekly Blockchain News Bits - Vol. 153

Published dateMay 8, 2025 at 06:49 (UTC+0)

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 Could Bitcoin Hit $155K if Gold Surges to $5K?

As gold eyes a historic climb to $5,000 per ounce, many are wondering: what happens to Bitcoin if it does? Historically, when gold and Bitcoin rally together, Bitcoin far outpaces—gaining up to 6x more. During past liquidity surges, Bitcoin soared over 1,100%, while gold rose only modestly. Analysts suggest that if gold gains 50%, Bitcoin could jump by 300%, potentially pushing BTC above $150,000. Experts like Frank Holmes even see a path to $250,000, especially if the US dollar weakens and adoption rises. Though Bitcoin has lagged behind gold’s gains so far this year, past trends hint it may be poised to catch up—fast. If history repeats, a new Bitcoin bull run could be just around the corner.

 XRP Faces Potential 45% Drop—Will It Hold the $2 Level?

XRP may be headed for a steep decline, with technical indicators and on-chain data flashing red. The daily chart shows a descending triangle—often a bearish pattern—hinting at a possible 45% price drop to $1.20 if key support fails. Network activity on the XRP Ledger has also plunged, with daily active addresses falling from over 600,000 in March to just 30,000 now. This drop in user engagement signals weakening demand and liquidity. XRP is currently hovering near its 50-day moving average at $2.18. A break below this level and the $2 psychological support could confirm the bearish setup. While trading volume has jumped 30% to $2 billion, the increase may reflect traders exiting positions, not new interest. All eyes are on whether XRP can reclaim momentum—or sink further.

 Tokenization Is Breaking Through—And It’s Just Getting Started

Tokenization of real-world assets is no longer a future concept—it’s happening now, and at scale. Major players like BlackRock, Libre, and MultiBank are diving in with billion-dollar deals, signaling real momentum. BlackRock is using blockchain to mirror investor records for a $150B Treasury fund, while Libre is tokenizing $500M in Telegram debt. The largest move yet? A $3B tokenized real estate deal in Dubai. With clearer regulations, better tech, and institutional support, tokenization is quickly becoming a practical tool for modern finance. Ethereum remains the leading platform, though specialized blockchains are gaining traction. Experts predict that by 2030, up to 30% of global financial assets could be tokenized—potentially transforming a $185B market into one worth trillions. The shift from theory to action is officially underway.

 From Bitcoin to Kidnapping: The Wild Fallout of a $243M Crypto Heist

A teenage gamer, a shadowy online crew, and $243 million in stolen Bitcoin—what sounds like a movie plot quickly turned into a chilling reality. It began with a fake call to a crypto investor, leading to a social engineering scam that drained over 4,000 BTC. But this wasn’t just digital theft.

Investigators like ZachXBT traced the stolen funds and exposed 18-year-old Veer Chetal, whose sudden riches raised eyebrows. Weeks later, chaos spilled offline when Veer’s parents were kidnapped in a luxury car ambush—an extortion plot by Veer’s own co-conspirators.

Authorities soon dismantled the group, arresting suspects flaunting riches from Miami to the Maldives. This case highlights a stark truth: crypto crimes don’t stay online.

With decentralized finance comes risk—and when greed meets digital anonymity, real-world danger isn’t far behind. As crypto grows, so does the need for caution, awareness, and strong cybersecurity habits.

 North Korean Crypto Spy Exposed in Fake Interview Sting

A North Korean operative posing as a Japanese developer was caught red-handed during a fake job interview set up by cybersecurity researcher Heiner Garcia. The spy, who called himself "Motoki," was trying to land freelance work in the crypto space—an industry often targeted by North Korea to secretly fund its regime.

But Motoki slipped up. He couldn’t speak Japanese, repeated awkward scripted answers, and accidentally shared his screen, revealing links to a known North Korean hacker group. When pressed to speak Japanese, he panicked and left the call.

Later, Motoki even offered to let others use his computer remotely to avoid detection. This sneaky method helps DPRK spies earn money without triggering security alerts. The incident highlights the growing threat of North Korean cyber operatives in the global tech and crypto job markets.

. . .

Your Quest To Understand The Crypto Industry Starts Here, With Us!

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