1. CoinDCX suffers $44 million hack
India’s top exchange CoinDCX was hit by a cyberattack today, losing around ₹368 crore (≈ $44 million) from its hot wallets. Web3 trading has been halted temporarily. The company confirms that user funds remain safe and they're working with global forensic and cybersecurity teams .
2. Ethereum at 180-day high
Ether recently surged to ~$3,671 — its highest level in 180 days — buoyed by new ETF inflows totaling around $720 million. Analysts now anticipate a breakout toward $4,100 .
3. GENIUS Act boosts market valuation
The U.S. has passed the “GENIUS Act,” clear stablecoin legislation, marking a major regulatory win. This triggered a rally: global crypto market cap has soared past $4 trillion, Bitcoin briefly topped $123 K, and Ether is up nearly 20% to $3,500 .
4. Institutional interest heats up
Peter Thiel’s Founders Fund disclosed a 9.1% stake in BitMine Immersion, a major Ethereum-mining firm. The news propelled BitMine’s stock up as much as 30%, underscoring growing institutional confidence in Ethereum .
5. Crypto-focused stocks rally
Following stablecoin law passage, Ethereum climbed to six-month highs (~$3.65K), and related equities, including BitMine, Coinbase, and others, saw notable gains .
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📌 Key Takeaways
Security risk remains high: Several centralized exchanges like CoinDCX and BigONE have suffered hot wallet breaches this month.
Regulatory clarity matters: The GENIUS Act marks a promising shift toward mainstream adoption and investor confidence.
Ethereum momentum: Aggressive ETF flows and short-squeeze dynamics are positioning ETH for a potential run at the $4 K mark.
Wall Street is watching: High-profile investments, such as those from Thiel and other institutions, are increasingly legitimizing the crypto ecosystem.
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