Just caught up on some wild market moves this week. Bitcoin Depot got hit with a $3.7M hack back in March - attackers grabbed credentials and drained 50.9 BTC from their systems. They're saying customer funds are safe and insurance might cover some of it, but still rough. Meanwhile, the ethereum foundation has been quietly selling ETH to fund research and grants. They've already moved 3,750 ETH through some TWAP mechanism, and yeah, that's probably why we're seeing ETH dip around $2.31K right now. But here's the interesting part - on-chain activity is actually spiking. WETH saw like 32k new wallets in one day, which is crazy compared to normal. Feels like people are still building despite the noise. Also watching this Canary Capital PEPE ETF filing. They want to launch a spot ETF for PEPE tokens, but the filing mentions top 10 wallets control 41% of supply, which is a red flag. PEPE is trading super low right now anyway. Oh, and Michael Saylor got into it with the NYT over that whole 'Adam Back is Satoshi' thing. Saylor basically said stylometric analysis isn't proof and we'd need a crypto signature to actually confirm anything. Back himself denied it too. Anyway, market's all over the place but network metrics suggest people aren't panicking. You guys seeing the same activity uptick?

BTC-0.2%
ETH-2.31%
PEPE0.05%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin