Crypto Pro Updates
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🏦 A Bitcoin & crypto exchange backed by Citadel Securities applied to be a national trust bank.

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πŸš€ Pump.fun announces a rebrand to β€œdot,” citing a shift in market dynamics as coins no longer β€œpump” and the ecosystem is no longer as β€œfun” as before.

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πŸ“ˆ $69,088 Bitcoin

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πŸ‘€ Eric Balchunas announced that the ticker for the upcoming iShares Bitcoin Premium Income ETF is $BITA. They have filed an amended S-1 for this highly anticipated sequel, but no fee has been disclosed yet. The estimated fee is around 38 basis points. #etf link

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πŸ“Š Binance officially launches oil and natural gas futures trading.

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πŸ₯· #DRIFT Drift Protocol, likely hacked for $200 million

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πŸ•΅οΈ Drift Protocol appears to have been exploited, with over $270M in assets suspiciously transferred to wallet HkGz4K. link

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πŸ•΅οΈ The Drift Protocol exploiter also deposited $SOL into HyperLiquid and sold it to buy $ETH.

The Drift Protocol exploiter even deposited $SOL into Binance. link link

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πŸ’΅ 250,000,000 #USDC (249,945,750 USD) minted at USDC Treasury link

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πŸ’΅ 250,000,000 #USDC (249,944,359 USD) minted at USDC Treasury link

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βš–οΈ #DRIFT
DRIFT: We are observing unusual activity in the protocol.

We are currently conducting an investigation.

Please do not deposit funds into the protocol while we conduct our investigation.

This is not an April Fools' joke. link

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βš–οΈ #DRIFT
DRIFT: We are observing unusual activity in the protocol.

We are currently conducting an investigation.

Please do not deposit funds into the protocol while we conduct our investigation.

This is not an April Fools' joke. link

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πŸ“Š Binance leads all crypto entities with $136B in onchain holdings, followed by Coinbase with $88B and Satoshi Nakamoto with $72B, according to Arkham data.

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πŸ—½ Senate Bills 1649 and 1042, which would allow the state of Arizona to launch a Bitcoin Reserve, are scheduled for a House floor vote after clearing committees. link

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πŸ’Έ #BTC Glassnode: The situation in the blockchain still reflects an ongoing recovery, with the supply in loss being increased, and the capitulation of long-term holders has not completely subsided.

At the same time, spot demand is starting to improve.

At the moment, BTC appears to be in a phase of redistribution rather than a clearly defined trend. Until spot demand increases more significantly and excess supply begins to decrease, the dominant characteristic of the market remains a range-bound fluctuation. link

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πŸ•΅οΈ 348,000,000 #USDC (347,994,432 USD) transferred from Coinbase Institutional to Coinbase link

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πŸ“Œ Top 5 News for 24 Hour:

1. Drift Protocol exploited, $270M assets transferred to HkGz4K. β†’ Read full
πŸ‘ 531 | ❀️ 0 | πŸ” 14

2. Drift Protocol hacked for $200 million. β†’ Read full
πŸ‘ 249 | ❀️ 0 | πŸ” 5

3. Whale loses $1.44M in sudden price drop. β†’ Read full
πŸ‘ 248 | ❀️ 0 | πŸ” 5

4. US to withdraw from Strait of Hormuz. β†’ Read full
πŸ‘ 281 | ❀️ 0 | πŸ” 4

5. Japan recognized BTC as legal payment method in 2017. β†’ Read full
πŸ‘ 260 | ❀️ 0 | πŸ” 4

EXCAVO | Academy | News | YouTube
πŸ“Œ Top 5 News for 24 Hour:

1. Drift Protocol exploited, $270M assets transferred to HkGz4K. β†’ Read full
πŸ‘ 531 | ❀️ 0 | πŸ” 14

2. Drift Protocol hacked for $200 million. β†’ Read full
πŸ‘ 249 | ❀️ 0 | πŸ” 5

3. Whale loses $1.44M in sudden price drop. β†’ Read full
πŸ‘ 248 | ❀️ 0 | πŸ” 5

4. US to withdraw from Strait of Hormuz. β†’ Read full
πŸ‘ 281 | ❀️ 0 | πŸ” 4

5. Japan recognized BTC as legal payment method in 2017. β†’ Read full
πŸ‘ 260 | ❀️ 0 | πŸ” 4

EXCAVO | Academy | News | YouTube
πŸ‡ΊπŸ‡ΈπŸ¦ A Bitcoin & crypto exchange backed by Citadel Securities applied to be a national trust bank. link

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πŸ—½ Morgan Stanley files another amendment for its spot Bitcoin ETF #etf

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πŸ“ Iran demands ships transiting through the Strait of Hormuz to pay fees in crypto or Chinese yuan, Bloomberg reports.

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