Crypto News Roundup: BTC Bottom, ZEC Shorts, Raydium Hack, Hungary Eases Rules
CryptoQuant predicts Bitcoin bottom at $53,600; five wallets opened large ZEC shorts before vulnerability; Raydium loses $1.34M in hack; Hungary may cancel strict crypto restrictions; Tether invests in robotics.
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- CryptoQuant analysts forecast Bitcoin's bottom at $53,600, suggesting potential further downside.
- Five wallets opened large short positions on Zcash (ZEC) shortly before a vulnerability was disclosed, raising manipulation concerns.
- Bitwise reports that financial advisors are shifting focus from Bitcoin to stablecoins and real-world assets (RWA).
- Tether invested in NEURA Robotics, a developer of humanoid robots, expanding beyond crypto.
- Raydium's liquidity pool was exploited, resulting in a loss of $1.34 million.
- Anthropic's CEO called for stricter oversight of AI models, while Meta removed facial recognition from its smart glasses after a scandal.
- In the US, two more states banned cryptocurrency ATMs, adding to regulatory pressure.
- Conversely, Hungary reportedly plans to cancel stringent crypto market restrictions, signaling a friendlier regulatory environment.
Source: ForkLog