A massive Bitcoin heist from December 2020 has just been exposed, making it the biggest crypto hack in history.
According to Arkham Intelligence, hackers stole 127,426 BTC from LuBian, a Chinese mining pool. The stolen Bitcoin was worth $3.5 billion at the time. Due to Bitcoin’s price surge, those assets are now valued at $14.5 billion.
LuBian Exploit Was the Biggest Crypto Hack in History
LuBian operated mining facilities in China and Iran. In 2020, it controlled almost 6% of Bitcoin’s total hash rate.
Arkham’s on-chain analysis found that over 90% of LuBian’s BTC was drained on December 28, 2020. Additional funds were stolen two days later from a Bitcoin Omni Layer address.
Neither LuBian nor the hacker publicly acknowledged the breach. The funds remained dormant until a consolidation event in July 2024.
BREAKING: ARKHAM UNCOVERS $3.5B HEIST – THE LARGEST EVER
LuBian was a Chinese mining pool with facilities in China & Iran. Based on analysis of on-chain data, it appears that 127,426 BTC was stolen from LuBian in December 2020, worth $3.5 billion at the time and now worth… pic.twitter.com/PnIOKgMt0i
Arkham researchers linked multiple addresses used in the theft and observed that each received OP_RETURN messages from LuBian. The pool spent 1.4 BTC across 1,516 transactions to appeal for the stolen funds.
This pattern strongly suggests the hack was real and not spoofed. The hacker has yet to move the stolen BTC again.
Arkham suspects LuBian used a flawed key generation algorithm, which may have exposed its private keys to brute-force attacks. LuBian still holds around 11,886 BTC worth $1.35 billion.
World Liberty opened a proposal aiming to make WLFI tokens transferrable. This would mark the first major use of WLFI’s governance protocol, signaling a new era for the asset.
There are a few outstanding questions about implementation, such as partnered exchanges and potential regulatory concerns. Still, the community is currently unanimous in supporting the proposal.
However, since it launched its WLFI token, the crypto community has greatly criticized World Liberty for not letting users trade or transfer these assets. According to a new announcement, a governance proposal to make this rule change is now live:
On this Independence Day, we’re making history.
The proposal to make $WLFI tradable is now live. Crypto is coming home — and there’s no better day to let freedom ring.
Happy 4th of July from your friends at WLFI and from the new crypto capital of the world.
According to World Liberty’s new proposal, this move will change WLFI’s ecosystem from closed to open participation. In addition to making WLFI tradable, it will unlock tokens for early-access investors.
Moreover, this officially inaugurates the asset’s use as a governance token, as the lack of community proposals has been a sticking point for fans.
Nonetheless, there are many outstanding questions about this move. What exchanges will list WLFI? How will price discovery work? Will the firm face any regulatory setbacks, considering the heavy levels of foreign investment in WLFI?
Regardless of these potential issues, one thing seems clear: WLFI holders are practically guaranteed to approve World Liberty’s proposal.
Currently, the community is completely unanimous in demanding token tradability. If the firm is ready to bring a new era to WLFI, then its holders are more than ready.
SUI blockchain has been gaining traction in recent weeks, and its market cap is now approaching $7 billion. Fueled by meme coin activity and rising DeFi engagement, the network has seen a notable jump in DEX volume and technical momentum.
While indicators like RSI and EMA lines show early signs of a potential trend shift, overall strength remains mixed. SUI sits at a key crossroads—supported by short-term excitement but still needing stronger confirmation to challenge top-tier chains.
SUI Surges to 5th in DEX Volume, But Still Trails Top Chains
SUI’s recent surge in DEX activity has grabbed attention, largely fueled by growing interest in meme coins and speculative trading on its ecosystem. Over the past seven days, SUI’s DEX volume hit $2.1 billion, marking a 4.49% increase and continuing its steady upward trend.
This momentum has helped SUI outperform other ecosystems, most notably surpassing Arbitrum in the past 24 hours to become the fifth-largest chain by DEX volume.
However, despite the short-term gains, SUI still trails well behind top-tier networks like Base, BNB Chain, Ethereum, and Solana in total DEX activity.
Chains Sorted By DEX Volume In The Last 24 Hours. Source: DeFiLlama.
These established ecosystems continue to dominate in terms of liquidity, user base, and overall transaction volume.
While SUI’s rise is notable, especially given its relatively new position in the DeFi ecosystem, it will need to sustain this growth and diversify beyond meme coin hype to truly challenge the leading players.
For now, it remains an exciting underdog with momentum—but not yet a major contender.
SUI Momentum Rebuilds, But Trend Remains Weak
SUI’s RSI is now at 51.86, up from 35.22 just three days ago. This suggests buying pressure has returned after a short-term dip, helping stabilize price action.
The Relative Strength Index (RSI) measures momentum on a scale from 0 to 100. Readings above 70 are considered overbought, while those below 30 indicate oversold conditions.
Sitting near the midpoint, SUI’s RSI points to neutral momentum. It hasn’t crossed above 70 in almost a month, showing that bullish strength has remained limited.
Meanwhile, SUI’s DMI (Directional Movement Index) shows that its ADX is down to 9 from 14.79 just two days ago. The ADX measures trend strength, and anything below 20 signals a weak or nonexistent trend.
The +DI is at 15.83 while the -DI is at 13.15, meaning buyers have a slight edge—but the low ADX suggests that edge isn’t strong. There’s no clear trend dominating the market right now.
Together, the RSI and DMI suggest that SUI is in a consolidation phase. Buyers are showing some activity, but not enough to build a strong, sustained trend—at least for now.
EMA Setup Still Bearish, But SUI Bulls Show Signs of Life
SUI’s EMA lines are still showing a bearish setup, with short-term averages sitting below the long-term ones. However, the gap between them has narrowed, and a potential golden cross may be forming.
A golden cross occurs when a short-term EMA crosses above a long-term one, often seen as a bullish signal. If this plays out, SUI could gain momentum and push toward the $2.28 resistance level.
Breaking above that could open the path toward $2.41 and $2.54. If bullish momentum builds further, SUI blockchain could even test the $2.83 level—its highest since early March.
But if the market fails to hold current levels and selling pressure returns, a correction could begin. In that case, it might fall back to test the $2.02 support.
Losing that support could bring deeper downside, potentially pushing SUI toward $1.71. For now, price action is at a critical point, with both breakout and breakdown scenarios on the table.
Coinbase announced Verified Pools, a new service intended to attract institutional users. These liquidity pools will offer clients a secure way to take advantage of high efficiency and native on-chain infrastructure.
Liquidity pools, in general, offer many of the same advantages, but they do not have sufficient security assurances for major institutions. The exchange hopes to provide security and confidence with proactive measures like KYC and sanctions screening.
Today, the exchange announced the introduction of Verified Pools, an institutional-grade service to enhance on-chain trades and swaps.
“Verified Pools is a curated selection of liquidity pools available only with the Coinbase Verifications credential. Verified Pools is the next step in Coinbase’s commitment to advancing the onchain ecosystem and generating the next wave of onchain adoption,” the firm claimed via social media.
Coinbase’s Verified Pools hope to solve an important issue for institutional investors in the crypto space.
Specifically, how can retail users or traditional institutions participate in DeFi despite significant barriers around compliance, counterparty risk, and operational complexity?
Sketchy exchanges and business practices are epidemic in the industry, and these institutions need real assurances.
Through Verified Pools, Coinbase addresses several of these concerns. It ensures that all participants of a liquidity pool are identity-verified using Coinbase’s verification system
The whole platform is powered by Base, Coinbase’s Ethereum-centric L2 blockchain solution. This means that the service is natively on-chain and can benefit from smooth transactions while ensuring security, transparency, and accountability.
Verified Pools offer a few other attractive features for Coinbase’s institutional clients. For example, the pools are non-custodial, allowing users to maintain control over their assets.
In the main, however, the exchange is trying to offer liquidity pools with all their advantages to institutional traders, which is uncommon. The main benefits are inherent to pools in general.
In short, Coinbase’s Verified Pools can offer liquidity, efficiency, and transparency while prioritizing user security and confidence. Moving forward, the exchange plans to expand asset coverage and trading pairs, integrate more DEX aggregators, offer the service in more countries, and more.
On this Independence Day, we’re making history.
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