Market Digest: Hack Alert & ETF Surge
Short, sharp, consistent updates moving the markets today:
🚨 DeFi Hack: The restaking protocol KelpDAO has been exploited. Attackers managed to extract 116,500 rsETH from the contract, totaling approximately $293M. Funds are on the move across multiple bridges, and the team is investigating.
📈 BTC ETF: Institutional momentum returns as nearly $1B flowed into Spot Bitcoin ETFs this week alone. This marks the strongest performance since January, signaling that the "risk-on" sentiment is officially back.
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By SmartAsset