Bank Dumps Bitcoin for Staked ETH Amid AI-Powered Hacking Spree

Italy's largest bank has dramatically shifted its investment strategy, slashing its Bitcoin ETF call position by a staggering 99%. The move signals a significant rotation towards yield-bearing assets, such as staked Ethereum. This institutional shift comes amidst an escalating AI-assisted cyber threat landscape.

The convergence of strategic portfolio adjustments and sophisticated attack vectors was highlighted by the Bitcoin protocol Boltz halting swaps following AI-driven exploits. Additionally, a critical vulnerability in Coldcard hardware wallets has forced the industry to reevaluate its air-gapped security assumptions.

Regulatory pressures are mounting on multiple fronts, with EU sanctions threatening to trap corporate crypto accounts on HTX. A former FBI agent faces charges for stealing nearly $1 million from investigation-linked wallets, while researchers uncovered 4,200 malicious smart contracts that successfully tricked 5,700 victims.