The crypto market continues to evolve at a rapid pace, shaped by security incidents, macroeconomic pressure, structural shifts among investors, and growing institutional adoption of blockchain technology.
It’s time to review them together with the Evercode Lab team! Before diving into the news break, take a moment to explore how Evercode Lab can support your Web3 ambitions.
With our white-label solutions, you can develop and launch your own crypto or Web3 product faster, easier, and with full technical support at every stage: from concept to release
Hackers Steal $48M in Confiscated Bitcoin From South Korean Prosecutors
Today, on Friday, South Korean authorities reported a major security breach involving confiscated Bitcoin worth approximately $48 million (about ₩70 billion).
A government agency discovered the disappearance of the BTC during a routine inspection of confiscated assets. Hackers gained access to wallets holding seized assets in the custody of the prosecution service.
An internal audit revealed that the password leak was the reason. One of the department’s employees was the victim of a phishing attack by accessing a fake website.
While investigations are ongoing, the case highlights the risks of centralized custody and reinforces the importance of advanced wallet security and operational controls.
Economist Warns Bitcoin Could Drop to $60,000 Amid Trade War Risks
A leading economist, Luke Gromen, has cautioned that Bitcoin may face downward pressure if global trade tensions escalate during his interview with Natalie Brunell.
In his opinion, the international isolation of the United States and the economic recession are also capable of provoking mass sales and the outflow of institutional funds.
“If you expect institutional investors to raise the price from $90,000 to $150,000, then this probably won’t happen without a serious catalyst. This is not how institutional investors operate. They will be waiting,” he said.
The analyst highlighted the adoption of the Clarity Act in the United States and the possible new quantitative easing by the Fed as the main growth drivers.
Historic Shift: New Whales Take Control of the Bitcoin Market
Blockchain analytics reveal a significant structural change in the Bitcoin market.
For the first time, so-called “new whales”, large holders who accumulated BTC in recent years, now control a greater share of supply than early adopters. This was announced by CryptoQuant analyst Julio Moreno.
A change in the metrics of the Realized Cap indicates a change in key players. Control of the market has shifted from experienced investors to capital that entered the asset at late stages of the cycle.
Analysts note that this redistribution could influence market volatility and trading behavior, as newer whales may react differently to price swings than early Bitcoin believers.
Bermuda Plans to Move Its Economy Onto Blockchain
The government of Bermuda announced plans to integrate blockchain technology into key areas of its economy.
The cooperation was announced at the annual meeting of the World Economic Forum.
The implementation plan includes several stages:
- Government agencies will begin a pilot acceptance of payments in stablecoins
- Financial institutions will introduce tokenization tools
- Businesses will gain access to global finance through digital wallets
The initiative aims to modernize public services, enhance transparency, and attract fintech and crypto companies to the region.
Bermuda has been developing cryptocurrency regulation since 2018. Circle and Coinbase were among the first to receive local licenses.
In 2025, the partners have already tested the system: participants of the financial forum were given 100 USDC each for purchases from local sellers. The program is scheduled to be scaled up in May 2026.
NYSE Announces Platform for Trading Tokenized Stocks
The New York Stock Exchange (NYSE) has announced the development of a platform for trading and on-chain settlements in tokenized securities. To launch, the site must receive regulatory approval.
The new service will provide round-the-clock access to trades, instant settlements, and the ability to place orders in dollar terms. Stablecoin support is provided to finance operations.
The parent company of the exchange, Intercontinental Exchange, is simultaneously working on adapting the clearing infrastructure to a 24/7 mode.
Together with BNY and Citibank, the holding is implementing support for tokenized deposits. This will allow market participants to manage margins and move funds outside of standard banking hours.
Tokenized stocks could offer faster settlement, fractional ownership, and improved accessibility for global investors. While regulatory frameworks are still evolving, the announcement signals growing institutional confidence in blockchain-based financial instruments.
Final Thoughts
As always, understanding these shifts is key to navigating the next phase of the crypto industry. Stay tuned with Evercode Lab for more weekly insights into blockchain trends, and explore how our white-label solutions can help your business innovate and thrive in the fast-moving Web3 ecosystem.