The Ethereum Foundation has now sold roughly $47 million worth of ETH to BitMine in a week, drawing fresh criticism over the pace and scale of its sales.
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 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.
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.
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.
