From Russia sighting the U.S using the crypto schemes to evade its $35 trillion debt, Bitcoin’s spot ETF inflows erasing two days of leaking, to a hacker finding just $50 to steal after a massive, the crypto news can’t get more interesting.
Bitcoin breaks above $113K with altcoins following the trend
After multiple failed attempts to reach above the $113K level, Bitcoin briefly crossed above this level. However, it could not sustain this rally, and BTC is currently priced at $112.9K, as it tries to recover again. With Bitcoin’s rally, major altcoins like XRP, BNB, and Solana too got triggered, and they crossed their significant levels. XRP crossed above $3, Solana crossed $21,5, while BNB crossed $880.
Hackers manages to steal only $50 despite a massive hack
Hackers managed to steal only $50 worth of cryptocurrencies despite a massive supply chain hack affecting JavaScript software libraries. Crypto intelligence platform, Security Alliance, reported that a hacker got into a popular developer’s node package manager (NPM), putting countless crypto projects at risk.
Pseudonymous SEAL security researcher Samczsun commented to a popular crypto media, “The hacker didn’t fully capitalize on the amount of access they had. It’s like finding the keycard to Fort Knox and using it as a bookmark. The malware was widespread but at this point is nearly completely neutralized.”
U.S. lawmakers introduce a bill to regulate Treasury Department
The U.S lawmakers introduced a bill on Friday, which, if enacted into law, would require the U.S. Treasury to make a report on the feasibility, custody, legal authority, and cybersecurity measures for digital assets held by the federal government, under the Strategic Bitcoin Reserve and the U.S. digital asset stockpile.
In particular, the bill demands that the agency divulge the plan for interagency transfers, how the asset will be shown in the balance sheet, and the involvement of third-party contractors that may be given the responsibility of holding the assets. In addition, the Treasury Department will have to spell out any potential obstacles to its implementation and gauge the impact the reserve will have on the Department of the Treasury Forfeiture Fund.
Ant Digital tokenizes energy infrastructure
Ant Digital Technologies, the enterprise blockchain subsidiary of Jack Ma–backed Ant Group, is moving ahead with one of the largest asset tokenization efforts in China, bringing 60 billion yuan ($8.4 billion) worth of energy infrastructure onto its proprietary AntChain network. So far, Ant Digital has completed financing for three clean energy projects, raising approximately 300 million yuan ($42 million) through asset tokenization. The next phase will involve issuing tokens directly linked to these underlying assets, providing investors with blockchain-based exposure to renewable energy infrastructure.
Nasdaq enters into a partnership with Gemini
U.S. stock exchange operator Nasdaq has entered a strategic partnership with crypto exchange Gemini, founded by Cameron and Tyler Winklevoss, according to reputed sources.
As part of the deal, Nasdaq will invest $50 million in Gemini shares through a private placement concurrent with the exchange’s upcoming IPO, which aims to raise up to $317 million.
The partnership will see Nasdaq gain access to Gemini’s custody and staking services, while Gemini’s institutional clients will be able to leverage Nasdaq’s Calypso platform for collateral management and trading oversight.
U.S. spot Bitcoin ETFs hit $368 million net inflows
US spot Bitcoin ETF outflows of two consecutive days were erased after the hefty inflows on Monday. A whopping $368.25 million net inflow, the largest single-day inflow since August 8, wiped out the traits of outflows. With none of the twelve spot Bitcoin ETFs recording outflows, data pointed to renewed conviction from institutional investors.
Upbit exchange launches its own layer 2 network, GIWA
South Korea’s largest exchange by volume, Upbi,t stated it will launch its own Ethereum Layer 2 network, GIWA. Built on Optimism’s OP Stack: GIWA inherits Ethereum’s underlying security framework while ensuring EVM compatibility, enabling existing decentralized apps (dApps) to migrate with minimal effort.
Eightco holdings shares appreciate by 5000%
Eightco Holdings Inc. shares prices appreciated 3000%+ after the firm made plans to build a treasury around Worldcoin (WLD), securing a $20 million investment from crypto miner BitMine. The stock on Friday was priced $1.43 in pre-market hours and closed at $45.08. It reached as high as $83.12, earlier in the day —a 5,000% gain at the time.
U.S. attempts to evade its $35 trillion debt: Putin’s advisor
Speaking at the final press briefing at the Eastern Economic Forum in Vladivostok, Russia, Deputy Chairman of the Organizing Committee of the Forum and Putin advisor Anton Kobyakov stated that the U.S. was trying to ease or evade its debt burden of $35 trillion at “the world’s expense” by introducing a crypto scheme.
“As in the 1930s and the 1970s, the U.S. plans to solve its financial problems at the world’s expense—this time by pushing everyone into the ‘crypto cloud’. Over time, once part of the U.S. national debt is placed into stablecoins, Washington will devalue that debt.”
From Russia spotting US attempts to evade $35 trillion, to US Bitcoin spot ETFs hitting the highest netflow since August, today’s news has been captivating. With the release of more economic data, things could get more absurd in the coming days.
