Rep. Sheri Biggs purchased up to $250,000 worth of BlackRock's spot Bitcoin ETF last month, padding a position she entered into last July.
US-listed spot Bitcoin ETFs have recorded nearly $1 billion in net inflows over seven consecutive trading sessions, suggesting institutional interest. This streak, however, is below April's nine-session run. Inflows on Wednesday were lower than Tuesday's, coinciding with a slight dip in Bitcoin's price and market sentiment.
Hackers stole over $31.6 million across two separate crypto bridge exploits targeting AFX and Verus Protocol within hours. Blockaid reported AFX lost $24.15 million and Verus Ethereum Bridge lost $7.5 million, highlighting ongoing security risks for cross-chain bridges.
Hackers stole over $31.6 million in two separate crypto bridge exploits targeting AFX's Arbitrum bridge ($24.15M) and the Verus Ethereum Bridge ($7.5M) within hours. Blockaid detected both attacks, with the AFX incident likely due to compromised validator keys, underscoring persistent security risks for cross-chain bridges.
Bitcoin held firm near five-week highs despite escalating US-Iran tensions, with US stocks also shrugging off risks. Analysts suggest a potential short squeeze in the S&P 500, while some traders predict Bitcoin will outperform US stocks in the foreseeable future.
The Digital Chamber is suing the State of Illinois over a 0.2% crypto transaction tax set to take effect in 2027, alleging it was 'slipped into the state’s budget' without debate and discriminates against digital asset transactors regardless of gain or ownership transfer.
SEC Commissioner Hester Peirce stated that crypto vaults and onchain lending products, especially those involving discretionary asset management, may fall under US federal securities laws, urging developers to assess compliance.
