The SEC is investigating Alt5 Sigma, a company that recently conducted a $1.5 billion partnership with Trump’s World Liberty Financial. Its President, Jon Isaac, is the direct target.
Apparently, the Commission is determining whether or not Alt5 Sigma engaged in fraud activities including earnings inflations, stock manipulation, and more.
THE SEC IS CURRENTLY INVESTIGATING JON ISAAC, PRESIDENT OF TRUMP’S $1.5B WORLD LIBERTY VEHICLE – ALT5 SIGMA, FOR INFLATING EARNINGS AND SELLING SHARES INTO THE PUMP IN TRANSACTIONS INVOLVING ALT5 SIGMA: THE INFORMATION
It’s unclear what the final outcome will be, or exactly what the Commission is scrutinizing. For example, some social media users have claimed that the SEC is investigating Jon Isaac over incidents totally unrelated to any Trump ties.
The SEC had outstanding complaints against Isaac dating to 2021, and he has allegedly engaged in insider trading at companies other than Alt5 Sigma. In other words, the notion of a Trump-related investigation may be overblown, but it’s hard to be quite certain yet. This is a developing situation.
World Liberty Financial did not immediately respond to BeInCrypto’s request for comment.
Two new crypto hacks announced today target Nervos Network’s Force Bridge and Taiwan’s BitoPro exchange.
Initial estimated losses from these two hacks amount to approximately $3.7 million and $11.5 million.
Force Bridge Hack: $3.7 Million in Losses
The first hack targeted Force Bridge, a cross-chain bridge of the Nervos Network. According to a report from Cyvers Alerts on X, a suspicious address gained control of the bridge.
After successfully executing the attack, the hacker stole approximately $3 million in assets, including 257,800 USDT, 539.09 ETH, 898,300 USDC, 60,400 DAI, and 0.79 WBTC.
Transaction related to Nervos Network’s Force Bridge. Source: Cyvers Alerts
These funds were subsequently converted to ETH and transferred to Tornado Cash—a transaction anonymization tool, complicating traceability efforts.
Cyvers Alerts’ analysis images show the flow of stolen assets, with confirmed losses totaling $2,655,500 as of the incident’s occurrence at 07:17:04 on June 1, 2025 (UTC).
Earlier, Magickbase—the operator of Force Bridge—detected abnormal activity at 03:12 on the same day and promptly suspended investigation services. This swift response, however, could not prevent the losses.
In a latest statement from Magickbase, the total amount of funds affected is approximately $3.7 million, of which roughly $3.1 million is on the Ethereum chain and approximately $600,000 is on the BNB Chain.
For safety reasons, Force Bridge (ETH/BSC to CKB bridge) has been temporarily disabled until further notice.
“Whenever a bridge exploit happens – no matter how big or small – it hurts everyone in the blockchain industry. There is a desperate need for open, vetted, industry-wide interoperability standards. As long as we, as an industry, continue to rely on proprietary products where shared, core infrastructure should exist, these kinds of tragedies will continue to happen,” Wanchain CEO, Temujin Louie, told BeInCrypto.
Suspected BitoPro Hack, $11.5 Million in Losses
On the same day, another hack was reported involving BitoPro, a Taiwan-based cryptocurrency exchange. According to a post from ZachXBT, BitoPro was likely attacked on May 8, 2025, with estimated losses of up to $11.5 million from its hot wallets.
Current status of BitoPro exchange. Source: CoinGecko
At the time of BeInCrypto’s reporting, BitoPro has not issued an official statement regarding the incident. Data from CoinGecko indicates that the Taiwan-based exchange recorded over $24 million in trading volume in the past 24 hours.
BitoPro has confirmed that the old hot wallet had been attacked during the funds allocation process during the wallet system upgrade and asset transfer operations.
BeInCrypto reported that malicious actors stole over $244 million from the cryptocurrency industry in May 2025.
Sui-based DeFi protocol Cetus accounted for most of the damage, with North Korean attackers resurfacing. BitMEX foiled a hack attempt by the North Korean hacker group Lazarus, revealing poor operational security.
Hedera (HBAR) is on the move, climbing more than 8% on Friday and extending its seven-day gains to an impressive 21.7%. This rally comes alongside rising momentum signals, including a surging BBTrend and an RSI that has pushed into overbought territory.
Price is also nearing a key resistance zone, backed by bullish EMA alignment that suggests the uptrend may still have room to run.
Hedera’s BBTrend Is Soaring – What Does it Mean?
Hedera’s BBTrend indicator has surged to 6.83, up sharply from just 1.5 two days ago. This jump signals a significant increase in volatility and momentum in the price action.
BBTrend, short for Bollinger Band Trend, is a metric derived from Bollinger Bands that measures the strength and direction of a trend. Values below one typically reflect a weak or flat market, while values above 3 indicate the emergence of a strong trend.
A sudden rise in BBTrend often suggests that the asset is transitioning out of a low-volatility phase and entering a more directional move.
With BBTrend now at 6.83, Hedera may be in the early stages of a strong bullish or bearish breakout. Such elevated levels suggest that volatility is expanding quickly, and price is starting to move decisively away from its recent range.
While BBTrend doesn’t indicate direction on its own, when combined with other bullish signals, like rising price or volume, it can confirm the start of a sustained uptrend.
Traders will watch closely to see if this momentum continues or fades, as a reversal from such elevated levels could also lead to sharp pullbacks.
Hedera RSI Enters Overbought Zone—What Comes Next?
With RSI now well into overbought territory, Hedera may be nearing a local top—at least temporarily. While a high RSI confirms strong bullish momentum, it can also signal that buyers are becoming exhausted.
On the other hand, sustained overbought conditions can also occur during strong uptrends, so that traders will watch closely for either continued breakout strength or signs of reversal.
Hedera Nears Breakout—But Support Levels Are Key
Hedera’s EMA lines show a bullish alignment, with short-term moving averages positioned above the long-term ones—a classic signal of upward momentum.
HBAR price is also trading near a key resistance level at $0.20, which has acted as a ceiling in recent sessions. If buyers can push the price through this zone, the next resistance levels to watch are $0.227 and $0.258.
A strong uptrend continuation could even send HBAR to $0.287, marking its first break above $0.28 since February 1.
However, traders should also monitor the downside risk. If the support at $0.179 is tested and fails, it could trigger a deeper pullback.
In that case, HBAR may slide to $0.16 and possibly $0.152, both of which have served as prior support zones.
If bearish momentum accelerates, a drop toward $0.124 isn’t out of the question, making the current levels a critical battleground for short-term direction.
XRP price was at the cusp of a breakout after a multi-day climb, but the potential rally was cut short with FUD (Fear, Uncertainty, and Doubt), following a massive unlock.
Ripple executives attempted to assuage the situation, but clarifications have been insufficient to salvage the XRP price amid weekend volatility.
Ripple Unlocks 1 Billion XRP: All You Need To Know
Fear, uncertainty, and doubt spread across the XRP community on Saturday, following Ripple’s move to release 1 billion tokens from escrow.
According to Whale Alert, Ripple escrow unlocked 500 million, 100 million, and 400 million XRP tokens, three transactions worth $3.28 billion.
These tokens were previously held on Escrow as part of a 2017 protocol intended to stabilize market supply. The transactions turned heads, amid speculation that it would precede a sell-off.
“They want you to buy XRP while they sell it,” wrote CFA Rajat Soni, a popular user on X.
Against this backdrop, Ripple CTO David Schwartz moved to clarify the FUD, ascribing the escrow release to a routing activity.
“They always release on the first day of the month. You may not necessarily see any on ledger activity just because the escrow has released, though. The ledger doesn’t do anything by itself; it always waits for someone to submit a transaction to trigger it,” Schwartz articulated.
Community members indicated that Ripple escrow accounts have randomly released several contracts in the last two months.
Notwithstanding, Ripple’s escrow system is a longstanding subject for debate, with the firm holding a significant amount of XRP in the contractual arrangement. Data on XRPscan shows approximately 35.6 billion XRP still held in escrow after the August 9 release.
“…can Ripple manipulate the escrowed contract release date at any given point? So in theory, they could release the whole 36 billion XRP in the next 5 minutes?” one user posed.
Based on its working mechanics, Ripple’s escrow contract releases up to 1 billion XRP monthly, a system designed to avoid flooding the market.
It helps maintain the XRP price, and while the system is structured and predictable, individual transactions, particularly those displayed on the XRP Ledger, tend to move markets.
Ripple Price Outlook: How Are XRP Bulls and Bears Positioning?
Analysts say that the XRP price may be poised for a breakout on the higher timeframe. However, Ripple price appears to be cooling off on the one-day timeframe before the next move, with bulls already taking positioning.
Based on the bullish volume profiles (blue), bulls are waiting to interact with the Ripple price just above the demand zone between $2.9611 and $2.7354. This means the downtrend could continue another 5% to 7% before a possible turnaround.
The RSI (Relative Strength Index) indicator is also dropping, a sign of falling momentum. If the immediate support at $3.1061 fails to hold, the XRP price could drop until bulls have their say at the aforementioned level, with the demand zone offering significant support downward.
Conversely, increased buying pressure above current levels could cause the XRP price to resume its uptrend, potentially overpowering the bears (red volume profiles).
However, with the supply zone between $3.4000 and $3.5493 causing overhead pressure, bulls looking to take long positions on XRP should probably wait for a candlestick close above the mean threshold or midline of the supply zone at $3.4687.
A candlestick close above this level on the one-day timeframe could catalyze further upside, setting the stage for the Ripple price to reclaim its peak of $3.6607. Such a move would constitute a 7% climb above current levels.
