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Wednesday bore the brunt of the outflows, with $709 million leaving the BTC ETFs, followed by $483 million in withdrawals on Tuesday.
A major cryptocurrency bill is making its way through the U.S. Congress, with potential implications for regular crypto users. According to NS3.AI, the bill aims to simplify complex legislative procedures and shed light on possible changes that could occur depending on whether the bill passes or fails. The legislation seeks to clarify regulatory outcomes that may impact how everyday investors engage with the cryptocurrency market. As the bill progresses, it is crucial for stakeholders to stay informed about its developments and potential effects on the crypto landscape.
The latest breakdown of public Bitcoin treasury holdings shows how dominant corporate balance sheets have become in shaping Bitcoin’s supply. According to the data presented, the top 100 publicly listed companies now collectively hold 1,127,981 BTC, placing a significant portion of total supply in long-term corporate custody rather than active market circulation. source:
VTW-Management Announces Disciplined Strategic Positioning in the Evolving Digital Asset Sector
Makina Finance suffered a $4.13 million loss due to an exploit involving MEV bots that intercepted the hacker's transaction. These bots redirected funds to their own addresses, mitigating the loss. While they act as a recovery mechanism, their profit-driven motives raise governance issues regarding fund custody. Efforts like the Safe Harbor framework aim to regulate this process, but concerns over centralization and transparency remain as adoption is still in progress.
