AI-powered summaries of the day's top crypto events
The Liquid Network, a Bitcoin sidechain, has been paused following the withdrawal of $320 million in Bitcoin by purported 'white-hat' hackers. Exchanges have suspended LBTC deposits and withdrawals as Blockstream attempts to contact those responsible and resolve the situation.
The US Bitcoin ETF market experienced significant activity with $277.6 million flowing into IBIT, while the entire US spot Bitcoin fund category saw $242.3 million in inflows. This indicates a substantial portion of the market's inflows are concentrated in a few key funds.
A total of 600 BTC, originating from 12 mining rewards, moved after 16 years of dormancy. This activity was detected by Whale Alert, with no apparent connection to Bitcoin's creator, Satoshi Nakamoto.
Orionx, backed by Tether, is closing permanently after an audit revealed a $7 million gap in customer asset custody. The audit found that these assets had been moved to wallets outside of Orionx's control.
New Jersey has petitioned for a writ of certiorari in the case against prediction market platform Kalshi, potentially bringing the case to the Supreme Court. This move could have significant implications for the regulation of prediction markets in the US.
Aave's DAO is voting on a proposal to delegate limited V4 risk controls to Risk Stewards, allowing them to freeze markets without a full governance vote. However, the proposal does not include mechanisms to unfreeze markets, raising concerns among stakeholders.
Ukrainian police have shut down a crypto scam operation that reportedly stole up to $1 million per month. The investigation identified 62 victims and implicated 46 Ukrainians in the scheme.