🔥 Bitcoin ETFs have seen positive inflows since the beginning of the year
Bitcoin exchange-traded funds (ETFs) have experienced a strong week of inflows, turning positive for net flows since the beginning of the year despite previous outflows. This resurgence indicates an improvement in market sentiment and renewed interest from investors in Bitcoin-backed financial products.
⚡ The U.S. SEC provides temporary guidance for DeFi user interfaces and wallet applications
The U.S. SEC's Division of Trading and Markets has issued temporary guidance, granting certain DeFi user interfaces, wallet extensions, and mobile applications a five-year exemption from broker registration requirements under specific conditions. This initiative provides a clearer regulatory path, albeit temporary, for certain parts of the DeFi ecosystem.
📉 The Polkadot bridge exploit results in the minting and sale of one billion DOT on Ethereum
A critical exploit on the Hyperbridge gateway contract allowed an attacker to manipulate administrator privileges on the Ethereum network, resulting in the unauthorized minting and subsequent sale of one billion wrapped DOT tokens. This incident generated approximately $237,000 in profits for the attacker and highlights the ongoing security vulnerabilities in cross-chain protocols.
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