**Crypto Weekly Recap: Wallet Hacks, Coinbase Plans, Bitcoin Myths & More**

Here’s a breakdown of the biggest crypto news and trends from this week. From wallet hacks to new product strategies and surprising market moves, here’s what you need to know:

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### Hundreds of EVM Wallets Drained in Ongoing Mystery Attack

A mysterious attack has quietly drained hundreds of wallets across Ethereum-compatible (EVM) chains. According to onchain analyst ZachXBT, the attacker is stealing small amounts from each wallet—usually under $2,000.

The attack is likely automated and affecting wallets across multiple blockchains, not just one. Cybersecurity researcher Vladimir S. suggested it may have started from a fake email pretending to be from MetaMask. Hackless, a Web3 security firm, advises users to revoke smart contract permissions and monitor their wallet activity closely.

**Key keywords:** EVM wallet hack, MetaMask phishing, Web3 security, small-scale exploit

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### Coinbase Focuses on Stablecoins, Base Network & Broader Exchange Vision for 2026

Coinbase CEO Brian Armstrong shared the company’s long-term plans this week. By 2026, Coinbase wants to go beyond crypto trading. It’s doubling down on:

– **Stablecoins**
– **Ethereum Layer 2 network (Base)**
– **An “everything exchange”** that includes stocks, prediction markets, and even commodities.

The company has already started offering stock trading and rebranded its wallet app to include social and onchain features. Coinbase is moving toward becoming an all-in-one financial platform.

**Key keywords:** Coinbase strategy, Base network, stablecoins, everything exchange

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### No, Bitcoin Whales Aren’t Buying Big—CryptoQuant Debunks Rumors

There’s a popular idea floating around that big investors (Bitcoin whales) are loading up on BTC again—but it’s not true. CryptoQuant says what looks like whale buying is actually just exchanges moving customer funds between wallets.

These transfers make it seem like big accounts are accumulating, but it’s just normal operations behind the scenes. This shows why it’s important to understand how onchain data works before jumping to conclusions.

**Key keywords:** Bitcoin whale accumulation, CryptoQuant data, exchange wallet activity

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### BitMine Chairman Pushes for Massive Share Expansion

Tom Lee, the chairman of BitMine (a public ETH treasury company), wants to increase the company’s authorized shares from 50 million to 50 billion. Why? He believes Ether could hit $250,000 if Bitcoin reaches $1 million.

If that happens, BitMine’s stock could become too expensive for regular investors. The share increase would allow for future stock splits to keep prices accessible.

**Key keywords:** BitMine share proposal, ETH price prediction, stock split planning

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### SEC’s Only Democrat Commissioner Leaving – All Eyes on Crypto Regulation

Caroline Crenshaw, the only Democrat on the U.S. SEC, is stepping down after five years. Her exit leaves the commission with only Republican members—for now.

Crenshaw was a known critic of how the SEC handled crypto cases like Ripple Labs. She warned that weakening oversight could lead to wider market problems.

**Key keywords:** SEC crypto policy, Caroline Crenshaw resigns, Ripple case stance

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### Trump Media Announces DJT Token for Shareholders

Trump Media & Technology Group is launching a blockchain-based token called DJT. Each shareholder will get one token per share owned.

These tokens won’t represent ownership or profits but may offer rewards like discounts on Truth Social and other Trump Media services. The token launch is being done with Crypto.com.

**Key keywords:** DJT token, Trump Media blockchain rewards, Truth Social perks

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### Market Update: Bitcoin Nears $90K as Altcoins Rally

Crypto markets are strong this week:

– **Bitcoin (BTC):** $90,029
– **Ethereum (ETH):** $3,107
– **XRP:** $2.00
– **Total Market Cap:** $3.07 trillion

**Top Gainers:**
– MYX Finance (MYX): +89.50%
– Pepe (PEPE): +48.55%
– Canton (CC): +41.12%

**Top Losers:**
– Lighter (LIT): -4.66%
– Monero (XMR): -4.52%
– Mantle (MNT): -4.50%

**Key keywords:** crypto market cap, Bitcoin price today, altcoin winners and losers

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### Best Quotes of the Week

– “This bear market drawdown is only about 55%, much less than past ones at 70–80%.” — Julio Moreno, CryptoQuant
– “Decentralization fades not by force, but by convenience.” — Vitalik Buterin
– “Fed easing is back. That’s bullish for all assets—including Bitcoin.” — Bill Barhydt
– “Institutions now drive markets—this isn’t 2016 anymore.” — Armando Pantoja
– “Pakistan could be a global crypto leader in five years.” — CZ, Binance
– “Despite setbacks, community engagement is rising.” — Santiment

**Key keywords:** crypto sentiment quotes, Bitcoin predictions, decentralization risks

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### Top FUD Stories: Fear and Uncertainty in Crypto This Week

#### Phishing Losses Drop 83% in 2025—but Attacks Still Happen

Phishing scams using wallet drainers caused $83.85 million in losses in 2025—a major drop from nearly $500 million in 2024. Victim count also dropped by 68%.

However, these scams still spike during busy market periods. August and September were particularly bad due to ETH’s rally.

**Key keywords:** crypto phishing attacks 2025, wallet drainer scams, Scam Sniffer report

#### Synthetix Founder Loses $50K Bet on ETH Hitting $25K

Kain Warwick lost a high-profile bet after predicting Ethereum would hit $25K by the end of 2025. It closed the year around $2,980 instead.

The bet was made with Multicoin’s Kyle Samani at 10:1 odds—and Warwick now owes $50K.

**Key keywords:** ETH price prediction fail, Kain Warwick bet, Ethereum price history

#### Crypto Fear Index Rises—Sentiment Improving Slowly

After weeks of extreme fear in the market, sentiment indicators are finally turning more positive. The Fear & Greed Index hit its highest level in over 20 days.

Analysts say this shift might be the start of a new rally phase as risk/reward becomes more attractive again.

**Key keywords:** crypto fear index update, Bitcoin sentiment shift, market recovery signs

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### Must-Read Stories from the Magazine

– **Crypto Laws Update: How Regulations Changed in 2025 & What’s Coming in 2026**
Learn how U.S. stablecoin laws and Europe’s MiCA rollout are shaping the future of crypto.

– **9 Weirdest AI Moments of 2025**
From talking robots to questionable deepfakes—AI had a wild year too.

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Stay tuned for more updates as the crypto space continues to evolve fast—with new players entering and old narratives breaking down.