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▲ Bitcoin ATM
Bitcoin Depot was robbed of Bitcoin (BTC) worth $3.7 million due to a hacking attack.
According to The Crypto Basic on April 9 (local time), Bitcoin Depot, the world's largest Bitcoin ATM operator, suffered a leak of some of its assets due to a recent security breach. This incident once again exposed the security vulnerabilities of cryptocurrency trading and storage infrastructure, sounding an alarm across the industry.
The Ethereum (ETH) market is facing downward pressure as news of the Ethereum Foundation's large-scale asset sale spreads. The Ethereum Foundation sold 5,000 ETH to secure operating funds, including covering research and development costs and supporting ecosystem grants. The sale amounted to approximately $11.1 million, and it is understood that the foundation conducted the sale in installments using CoWSwap's Time-Weighted Average Price feature.
Asset management firm Canary Capital attracted market attention by filing an S-1 registration statement with the U.S. SEC for the launch of a Pepe (PEPE) spot ETF. This is an instance of a meme coin-based spot financial product attempting to enter the mainstream, following Bitcoin and Ethereum. In its application, Canary Capital emphasized that while Pepe does not have separate practical utility, it holds significant symbolic value and trading volume within the market.
Currently, the cryptocurrency market is intertwined with the negative factors of security incidents at major operators and selling pressure from key foundations, along with the new variable of a meme coin ETF application. Investors are closely monitoring the recovery process of the security breach and the SEC's direction for reviewing the Pepe spot ETF.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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