Weekly Summary: Bitcoin Hits Record High, Sui Hack of $260 Million, and US Stablecoin Legislation
Bitcoin Sets New Peak
Bitcoin recorded a new all-time high this week, surpassing the $110,000 mark, driven by massive inflows into ETF funds and improved overall market confidence.
Sui Hack Raises Widespread Concerns
The Cetus platform on the Sui network suffered a massive hack totaling $260 million, raising concerns about the security of decentralized protocols and the role of developers in controlling assets.
US Legislation on Stablecoins
The US Congress is discussing a new bill to regulate stablecoins, indicating a more stringent official approach towards the digital currency sector.
Additional Events
• Meta considers launching its own stablecoin
• DOGE and SHIB see significant increases
• XRP's rise continues to attract attention
#BitcoinATH #SuiHack #StablecoinBill #CryptoNews
