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cryptocurrency sector
Trends
- 1Bitcoin Holds $83,000 as ETH, XRP and Dogecoin Wobble●Bitcoin Holds $83,000 but ETH, XRP, Dogecoin Wobble Despite ETF Demand
Bitcoin is holding steady around the $83,000 mark, but other major cryptocurrencies are struggling. Ethereum, XRP and Dogecoin are wobbling even as demand continues for crypto exchange-traded funds, which investors have generally treated as a sign of institutional interest in the sector. The divergence suggests ETF inflows are not lifting the broader altcoin market in the way many traders expected.
- 2Opinion: Crypto doesn't need a whole new set of laws●Outside View: Crypto doesn’t need a whole new set of laws
An opinion piece published in The Spokesman-Review argues that cryptocurrency does not require an entirely new body of legislation. The author, writing under the 'Outside View' commentary label, suggests existing legal frameworks are sufficient to govern the crypto sector. The argument runs counter to ongoing calls, including in the US Congress, for tailored crypto regulation.
- 3Coinbase to reject associate membership of UK Finance▼Coinbase set to reject associate membership of UK Finance
Coinbase is reportedly set to turn down an offer of associate membership of UK Finance, the UK banking industry's main trade body. The move would signal the crypto exchange's unwillingness to align itself with the traditional banking lobby, and is being read as a sign of continued distance between the cryptocurrency sector and established UK financial institutions.
- 4North Korean hackers suspected in $351 million Bitget theft●North Korean hackers suspected in $351M crypto theft, the largest so far this year The $351 million theft from crypto ex
Crypto exchange Bitget has suffered a $351 million theft, believed to be the largest crypto hack of the year so far. Investigators suspect North Korean hackers are behind the attack, which adds to a string of high-profile breaches targeting the cryptocurrency sector. The incident is renewing concerns about state-linked cybercrime funding North Korea and about security standards across crypto exchanges.