Crypto Digest: Bitcoin ETF Outflows, Taiko Hack, Stablecoin Depeg
Bitcoin ETFs saw a record streak of outflows, the L2 network Taiko was hacked, and stablecoin MSUSD lost its dollar peg. Other stories include Toss Bank partnering with Solana, Polymarket paying for staged betting videos, and a proposal to redirect validator rewards to Ethereum development.
BTCUSDETHUSDSOLUSDMSUSD
- Bitcoin ETF Outflows: U.S. spot Bitcoin ETFs recorded a record continuous series of capital outflows, the longest such streak on record.
- Taiko Hack: An attacker compromised the L2 network Taiko.
- Stablecoin Depeg: The MSUSD stablecoin lost its dollar peg.
- Toss Bank & Solana: South Korea's Toss Bank partnered with Solana to develop a financial platform.
- Polymarket Staged Videos: WSJ reported that Polymarket paid for staged betting videos to promote its platform.
- Ethereum Validator Proposal: Validators were offered the option to redirect up to 10% of rewards to fund Ethereum development.
- Bank of England: The UK central bank approved a regulatory regime for systemic stablecoins denominated in pounds.
- Hack Record: The crypto industry set an anti-record (worst ever) for number of hacks in a given period.
- Russian AI Bill: The Russian government commission approved a draft law on artificial intelligence.
- Germany Quantum Generator: German researchers created a high-speed quantum random number generator.
- Bittensor Decentralization: The Bittensor network aims to become fully decentralized in 1.5 years.
- AI Delusion Study: Scientists described a "spiral of amplification" of delusion during conversations with AI.
Source: ForkLog