AI-powered summaries of the day's top crypto events
Bitcoin's price has dropped below $90,000 as part of a broader selloff in global risk assets. Ether also saw significant declines, dropping over 6% to fall below $3,000. The selloff is attributed to ongoing economic uncertainties and trade tensions.
Michael Saylor's Strategy has purchased 22,305 Bitcoin for approximately $2.13 billion, bringing its total holdings to 709,715 BTC. This acquisition represents over 3.3% of Bitcoin's total supply, with the average purchase price at $95,284 per coin.
A Bitcoin wallet dormant since the Satoshi era has moved 909.38 BTC, valued at approximately $84.6 million. This movement highlights the significant appreciation of Bitcoin's value over the years and has sparked interest in the crypto community.
Makina Finance suffered a $4 million loss due to a flash loan exploit targeting its DUSD/USDC Curve pool. The attacker manipulated price feeds to drain funds, with subsequent intervention by MEV bots recovering some of the stolen assets.
CFTC Chairman Mike Selig announced the 'Future Proof' initiative, aiming to modernize the regulatory framework for digital assets. This initiative seeks to establish formal rules for crypto that are resilient to future changes in the regulatory landscape.