Kirsten Gillibrand said that the US Senate had to address lawmakers potentially getting “rich off of these industries because of their insider status“ before any vote on the CLARITY Act.
US spot Bitcoin ETFs saw nearly $500 million in inflows over two trading sessions, ending a streak of outflows. However, demand in the broader spot market remains weak, indicated by a persistent negative Coinbase Premium Index and negative on-chain demand metrics, suggesting a relief rally rather than confirmed accumulation.
BonkDAO's treasury lost approximately $20 million in BONK due to a malicious governance proposal. Attackers reportedly amassed $4 million in BONK before the vote, exploiting low participation and token-weighted approval to bypass security measures. The incident highlights operational security challenges for DAOs.
BonkDAO's treasury was drained of approximately $20 million in BONK tokens due to a malicious governance proposal. Attackers reportedly amassed $4 million in BONK before the vote, exploiting low participation and token-weighted approval to bypass security measures. This incident highlights operational security challenges for DAOs.
Bitcoin's market dominance has fallen to a one-month low of 54%, while "Others" (excluding BTC, ETH, stablecoins) climbed to 24.68%. This shift is driven by altcoins with real protocol fees, buyback programs, or institutional integration, signaling a move away from broad "everything pumps" alt seasons.
Over 50% of Bitcoin is currently held at a loss, a metric K33 says historically indicates a market cycle bottom is near. Past cycles bottomed within weeks of this signal, though spot Bitcoin ETFs may alter current dynamics.
Bitcoin nears $63,195 after a 6.6% weekly gain, recovering from last week's selloff. The next challenge is proving sustained buyer demand beyond short-covering and leverage, with ETF inflows and spot volume needing to hold, and the $61k-$62k area needing defense.
