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Tag: Breaking

Solana ETFs Draw $70 Million Inflows Amid Broader Crypto Market Outflows

Solana ETFs saw $70 million in net inflows over the past day, contrasting sharply with outflows from major crypto funds. This influx suggests growing investor interest in higher-beta assets like Solana amid fatigue in Bitcoin and Ether. Bitwise’s Solana ETF led the charge, highlighting resilience in the Solana ecosystem despite price declines. Solana ETFs Buck Market Trend In the last 24 hours, Solana...

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Balancer DeFi Protocol Suffers $128M Exploit in V2 Pools Amid Smart Contract Vulnerability

Quick Take Balancer’s V2 Composable Stable Pools were exploited for approximately $128 million in assets, including WETH, osETH, and wstETH. The vulnerability stemmed from a logic flaw in smart contract functions, allowing unauthorized withdrawals despite multiple audits. Affected chains such as Berachain implemented emergency measures, including network halts and hard forks, to protect users. Ethereum-based decentralized finance...

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Bitwise Solana ETF Surges to $72 Million Volume on Second Trading Day

$72.4 million trading volume for BSOL on Wednesday, surpassing the $56 million from its launch day. $69.5 million in inflows on debut day, boosting assets under management to nearly $292 million. “$72m is a huge number. Good sign,” Bloomberg ETF analyst Eric Balchunas said on X. The Bitwise Solana Staking ETF (BSOL) continued its strong market reception on Wednesday, posting $72.4 million in trading volume just one day after...

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Democratic Pushback Intensifies Against Trump’s Pardon of Binance Founder CZ

Symbolic Resolution: Senators Elizabeth Warren and Adam Schiff plan to introduce a Senate measure denouncing Trump’s pardon of Binance founder Changpeng “CZ” Zhao over national security and conflict concerns.Trading Ban Proposal: Rep. Ro Khanna seeks to prohibit elected officials, including the president and family, from crypto and stock trading, citing the pardon as evidence of corruption.Market Reaction: Trump-linked...

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Bitcoin Surges Past $116K on Sticky Inflation and Weakening Jobs Data

Bitcoin (BTC) pushed past $116,000 on Friday, marking a roughly 4% gain over the past week amid mixed U.S. economic signals. The cryptocurrency approached a key CME futures gap near $117,300, with spot prices hitting $116,800 on exchanges like Bitstamp. Headline consumer price index (CPI) data released Thursday showed a 0.4% month-over-month increase, surpassing the 0.3% forecast and underscoring persistent inflationary pressures....

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