I just found out that Bitcoin Depot was recently hit by a pretty serious theft. It turns out that on March 23rd, they detected unauthorized access to their systems and hackers stole 50.9 BTC, worth nearly $3.7 million. Bitcoin Depot reported all of this in a filing with the SEC. The strange thing is they say customer data was not affected, but still... when a company operating cryptocurrency ATMs suffers such a hack, one has to wonder how secure these platforms really are.

While Bitcoin Depot was in the eye of the storm, other interesting things happened in the market. The Ethereum Foundation confirmed it is selling 5,000 ETH to fund research and scholarships. They have already sold 3,750 ETH for about $8.3 million. ETH dropped to $2,179 after the announcement, but remains higher compared to a week ago.

And as if that weren’t enough, Canary Capital filed an application for a PEPE spot ETF. Yes, you read that right, a Pepe exchange-traded fund. Although it’s worth noting that PEPE is quite down now, nearly 85% below its December high. Additionally, the token has a pretty serious concentration issue: the top 10 wallets control around 41% of the total supply.

Oh, and Michael Saylor came out to defend that Satoshi Nakamoto is not Adam Back. He basically said that style analysis isn’t enough as proof and that only a verified cryptographic signature could confirm it. Adam Back also denied it, clarifying that he was just an early user interested in cryptography and privacy since the 90s. Interesting how the debate continues after all these years.