Bitcoin Rebounds Amid Market Uncertainty; Coinbase Faces Data Leak Fallout

Bitcoin shows resilience with a slight rebound, while Coinbase deals with a major data leak. Read about the latest developments in crypto markets, including regulatory concerns and altcoin movements.

Published on 2025-06-03

Bitcoin Rebounds Amid Market Uncertainty

Bitcoin exhibited resilience with a slight rebound, rising 1.3% to $105,180 after dipping to $103,000 over the weekend. This recovery occurred amidst broader market uncertainty, driven by concerns over U.S. trade tariffs and their economic implications. Despite MicroStrategy's $75 million Bitcoin purchase, market sentiment remained subdued.

Coinbase Faces Data Leak Fallout

Crypto exchange Coinbase is grappling with a significant data leak, which could cost up to $400 million. The breach, involving an outsourcing firm in India, led to hackers obtaining customer information and demanding a $20 million ransom. Reuters reported that Coinbase knew about the leak months before its public disclosure.

Robinhood Completes Bitstamp Acquisition

Robinhood finalized its $200 million acquisition of Bitstamp, enhancing its global presence and entering the institutional crypto market. Bitstamp, one of the oldest exchanges, offers over 85 digital assets and holds numerous regulatory licenses, providing Robinhood access to a broad user base.

Altcoins Show Recovery

Altcoins saw a modest recovery, with Ether rising over 4% to $2,615.01 and XRP gaining 2.7%. Solana and Cardano also climbed, while meme tokens like Dogecoin and $TRUMP saw slight increases, indicating cautious optimism in the crypto market.

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