🔥 Bitcoin crossed $78K amid de-escalation in Iran, leading to a drop in oil prices
Bitcoin surged above $78,000, reaching its highest level since February, driven by optimism regarding geopolitical de-escalation in the Middle East, as Iran reopened the Strait of Hormuz, resulting in a sharp decline in oil prices. This geopolitical event positively influenced market sentiment and cryptocurrency prices.
⚡ NYSE proposes rule changes for trading tokenized securities
The New York Stock Exchange (NYSE) has submitted a proposal to the SEC to amend its rules, aiming to implement Rule 7.50, which will allow eligible member firms to trade tokenized securities under a three-year pilot program for DTC tokenization. This move reflects the growing institutional interest and regulatory adaptation to digital assets in traditional finance.
📉 Crypto protocols have suffered a series of attacks totaling $301 million in losses
Following an exploit of $280 million in Drift Protocol on April 1st, at least 12 cryptocurrency protocols and companies have been targeted, leading to total losses of $301 million. These incidents highlight ongoing security vulnerabilities in the crypto ecosystem and the urgent need for enhanced protective measures.
