Market Brief: Hacks, Chain Split and Shelved Plans

The day’s headlines centered on the long tail of major thefts and fresh signs of infrastructure stress. Adoption moved forward at the product level, even as Trump Media and Crypto.com reportedly dropped two planned initiatives.

• Bybit has reportedly sued North Korea and the Lazarus Group over the alleged $1.5 billion 2025 heist, escalating efforts to pursue accountability for one of crypto’s largest thefts.
• A BIP-110-enforcing Bitcoin branch reportedly stalled, widening its gap with the main chain to 88 blocks and highlighting continued consensus risks around competing validation rules.
• Trump Media and Crypto.com have reportedly scrapped plans for a digital token and prediction-market offering, with no reason for the reversal disclosed.
• A new analysis of crypto theft laundering traces a roughly 45-day process using swaps, mixers, bridges, exchanges and cash-out routes to frustrate tracing and recovery.
• UMX launched a beta platform combining crypto trading with access to real U.S. stocks, extending the push to package digital assets and traditional equities in one venue.