The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Wednesday! As the crypto market continues to bleed, take a quick five-minute break from the screens while we get you fixed up with all the latest.
In today's newsletter, a Bybit interim investigation report suggests that Safe's infrastructure was behind the record hack, U.S. spot Bitcoin ETFs witness record daily outflows of more than $1 billion, Ark Invest buys Coinbase stock and sells shares in its own Bitcoin ETF amid the market slump and more.
Meanwhile, Circle and Tether trade views on U.S. regulation as a so-called "stablecoin war" heats up. Plus, Pump.fun's X account gets hacked to promote fraudulent tokens, and Dogecoin falls back to pre-DOGE levels as the Musk-Trump alliance grows.
Let's get started.
A compromised Safe developer machine appears to have allowed the Lazarus Group to inject a highly-targeted malicious script, taking control of Bybit's Ethereum cold wallet to execute the largest exploit in history.
U.S. spot Bitcoin ETFs witnessed all-time high daily outflows of more than $1.1 billion on Tuesday, marking a six-day negative streak now totaling over $2.2 billion.
Ark Invest bought 41,032 Coinbase shares for its Next Generation Internet fund on Tuesday — worth $8.7 million — for the first time since October.
Bank of America CEO Brian Moynihan expects U.S. dollar-backed stablecoins to "become legal" in the U.S., adding that the bank would "go into that business" if they do.
Former House Financial Services Committee Chair Republican Patrick McHenry is joining venture capital firm a16z as a senior advisor, aiming to cut barriers to emerging startup companies in D.C.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
