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Hey, did you see the chaos that happened? Bitcoin Depot lost 3.7 million in BTC in a hacker attack last month. They discovered unauthorized access in March, got the credentials, and transferred 50.9 BTC. The investigation is ongoing, but it’s pretty heavy when you see this kind of thing happening.
Meanwhile, the Ethereum Foundation is selling ETH. They confirmed they’re converting 5,000 ETH into stablecoins to fund research and grants. They’ve already sold 3,750 ETH (uns 8,3 milhões de dólares). The price of ETH dropped a lot after that—it ended up around $2,179, a drop of more than 3% on the day. But hold on, over the last week it’s still in the green.
What caught my attention was the activity of Wrapped Ethereum (WETH) exploding. They created more than 32,000 new wallets in a day—16 times above normal. Active addresses also tripled. I mean, while everything is chaotic, some people are moving a lot on the network.
Oh, and there’s more: Canary Capital is asking to launch a PEPE ETF. They’ll hold PEPE tokens and up to 5% in ETH for costs. But their own document warns that it’s risky—the top 10 wallets control 41% of everything. PEPE is trading very low right now, down 6% over 24 hours.
Finally, Michael Saylor is getting involved in the debate over who is Satoshi. He hit back at The New York Times, saying stylometry doesn’t prove anything, and that Adam Back is someone else. Adam Back also denied it on X, saying he was only one of the early users because of his research in cryptography. Only a cryptographic signature would really settle it.
The market’s been way too active lately, right?