Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Celestia Denies Insider Dumping: Celestia co-founder Mustafa Al-Bassam rejected allegations of insider dumping amid a 95% TIA price drop.

2. Fuzzland Insider Behind $2M Hack: A former Fuzzland employee exploited Bedrock’s UniBTC for $2M using malware and backdoors.

3. Pompliano Buys $386M in BTC: ProCap, led by Anthony Pompliano, bought 3,724 BTC worth $386M ahead of a SPAC merger and public listing.

4. 💡Feature of the Day - Ledger Launches Offline Key Recovery: Ledger released a new offline key recovery tool using NFC-enabled smart cards, avoiding cloud storage and ID verification.

   
   All this and more in today’s headlines!

📰 News Highlights:

Celestia Dismisses Dump Claims [Source][Source][Source][Source][Source]

Celestia co-founder Mustafa Al-Bassam addressed growing accusations of insider token dumping and financial misconduct.

Critics have alleged that early unlocks enabled executives to sell off massive amounts of TIA tokens, contributing to a 95% price crash.

Al-Bassam rejected the "FUD," saying all core contributors are still active, and argued that drawdowns are common in the crypto space.

Much of the backlash stemmed from viral X posts accusing the Celestia team of coordinating promotions while insiders sold tokens.

Users also questioned the unlock schedule and long-term user adoption.

Still, skeptics like investor Larry Sukernik argue the project lacks real user traction and may have jumped into the data availability space too early.

🎁Freebie:

Download your free ebook now and take the first step toward mastering CRYPTO IN UNDER 60 MINS!

Fuzzland Insider Exploit Revealed [Source]

Fuzzland has identified a former employee as the source of a $2 million exploit on Bedrock’s UniBTC protocol.

According to a transparency report, the insider used malware and backdoors to gain access after learning about a vulnerability in an emergency meeting.

The exploit, which drained funds from Bedrock’s decentralized exchange pools, was traced back to internal workstation compromises that went undetected for weeks.

Pompliano Buys $386M BTC [Source][Source][Source][Source]

Anthony Pompliano’s crypto firm ProCap purchased 3,724 Bitcoin for $386 million as part of a broader strategy to go public and build a massive BTC treasury.

This purchase followed its announced merger with Columbus Circle Capital, a SPAC, as part of plans to become a publicly traded entity under ProCap Financial.

Pompliano said Bitcoin is now the new benchmark, stating, “If you can’t beat it, you have to buy it.”

💡 Feature of the Day: 

Ledger Launches Offline Recovery [Source][Source][Source][Source]

Ledger has unveiled its new Ledger Recovery Key, a fully offline tool for recovering private keys, aimed at improving the usability of self-custody.

Unlike Ledger Recover — its previous cloud-based product — this new solution requires no internet, no identity verification, and stores keys on a PIN-protected smart card using NFC technology.

It works with Ledger Flex and Stax wallets, allowing users to regain access by tapping the card and entering a PIN.

😂 Crypto Meme of the Day: 

Meme of the day provided by @bitgetglobal

And that’s it for this today.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com